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LifeVantage's (NASDAQ:LFVN) Earnings Seem To Be Promising

LifeVantage's (NASDAQ:LFVN) Earnings Seem To Be Promising

LifeVantage(纳斯达克股票代码:LFVN)的收益似乎令人鼓舞
Simply Wall St ·  05/10 07:39

LifeVantage Corporation (NASDAQ:LFVN) announced a healthy earnings result recently, and the market rewarded it with a strong uplift in the stock price. Looking deeper at the numbers, we found several encouraging factors beyond the headline profit numbers.

LifeVantage Corporation(纳斯达克股票代码:LFVN)最近公布了健康的收益业绩,市场对其进行了股价的强劲上涨。深入研究这些数字,除了总体利润数字外,我们还发现了几个令人鼓舞的因素。

earnings-and-revenue-history
NasdaqCM:LFVN Earnings and Revenue History May 10th 2024
NasdaqCM: LFVN 收益和收入历史记录 2024 年 5 月 10 日

Examining Cashflow Against LifeVantage's Earnings

根据LifeVantage的收益检查现金流

One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company's profit is not backed by free cashflow.

用于衡量公司将其利润转换为自由现金流(FCF)的情况的一个关键财务比率是应计比率。为了获得应计比率,我们首先从一段时期的利润中减去FCF,然后将该数字除以该期间的平均运营资产。这个比率告诉我们,一家公司的利润中有多少没有自由现金流的支持。

That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.

这意味着负应计比率是一件好事,因为它表明该公司带来的自由现金流比其利润所暗示的要多。这并不意味着我们应该担心应计比率为正,但值得注意的是,应计比率相当高的地方。值得注意的是,有一些学术证据表明,总的来说,高应计率对短期利润来说是个坏兆头。

LifeVantage has an accrual ratio of -0.63 for the year to March 2024. That indicates that its free cash flow quite significantly exceeded its statutory profit. Indeed, in the last twelve months it reported free cash flow of US$11m, well over the US$3.60m it reported in profit. LifeVantage shareholders are no doubt pleased that free cash flow improved over the last twelve months.

截至2024年3月的一年中,LifeVantage的应计比率为-0.63。这表明其自由现金流大大超过了其法定利润。事实上,在过去的十二个月中,它报告的自由现金流为1100万美元,远远超过其公布的360万美元利润。毫无疑问,LifeVantage的股东们对自由现金流在过去十二个月中有所改善感到高兴。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。

Our Take On LifeVantage's Profit Performance

我们对LifeVantage利润表现的看法

As we discussed above, LifeVantage's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that LifeVantage's statutory profit actually understates its earnings potential! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about LifeVantage as a business, it's important to be aware of any risks it's facing. Our analysis shows 3 warning signs for LifeVantage (1 shouldn't be ignored!) and we strongly recommend you look at these before investing.

正如我们上面讨论的那样,LifeVantage的应计比率表明利润向自由现金流的强劲转换,这对公司来说是一个积极的利润。基于这一观察,我们认为LifeVantage的法定利润实际上可能低估了其盈利潜力!尽管去年亏损,但它今年还是实现了盈利,这一事实肯定可以找到积极的一面。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。如果您想进一步了解LifeVantage作为一家企业,请务必了解其面临的任何风险。我们的分析显示 LifeVantage 有 3 个警告信号(1 个不容忽视!)我们强烈建议您在投资之前先看看这些。

This note has only looked at a single factor that sheds light on the nature of LifeVantage's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.

这份报告只研究了揭示LifeVantage利润性质的单一因素。但是,还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单很有用。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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