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Kunshan GuoLi Electronic Technology's (SHSE:688103) Problems Go Beyond Weak Profit
Kunshan GuoLi Electronic Technology's (SHSE:688103) Problems Go Beyond Weak Profit
Kunshan GuoLi Electronic Technology Co., Ltd.'s (SHSE:688103) stock showed strength after its weak earnings report. We think that shareholders might be missing some concerning factors that our analysis found.
See our latest analysis for Kunshan GuoLi Electronic Technology
SHSE:688103 Earnings and Revenue History May 3rd 2022Zooming In On Kunshan GuoLi Electronic Technology's Earnings
As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF.
As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.
Kunshan GuoLi Electronic Technology has an accrual ratio of 0.20 for the year to March 2022. Unfortunately, that means its free cash flow fell significantly short of its reported profits. Even though it reported a profit of CN¥75.9m, a look at free cash flow indicates it actually burnt through CN¥12m in the last year. We also note that Kunshan GuoLi Electronic Technology's free cash flow was actually negative last year as well, so we could understand if shareholders were bothered by its outflow of CN¥12m.
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.
Our Take On Kunshan GuoLi Electronic Technology's Profit Performance
Kunshan GuoLi Electronic Technology's accrual ratio for the last twelve months signifies cash conversion is less than ideal, which is a negative when it comes to our view of its earnings. Therefore, it seems possible to us that Kunshan GuoLi Electronic Technology's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. When we did our research, we found 4 warning signs for Kunshan GuoLi Electronic Technology (1 makes us a bit uncomfortable!) that we believe deserve your full attention.
This note has only looked at a single factor that sheds light on the nature of Kunshan GuoLi Electronic Technology'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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Kunshan GuoLi Electronic Technology Co., Ltd.'s (SHSE:688103) stock showed strength after its weak earnings report. We think that shareholders might be missing some concerning factors that our analysis found.
崑山國力電子科技有限公司(上海證券交易所股票代碼:688103)在疲弱的收益報告後,股票表現強勁。我們認為,股東可能遺漏了我們分析發現的一些令人擔憂的因素。
See our latest analysis for Kunshan GuoLi Electronic Technology
查看我們對崑山國力電子科技的最新分析
Zooming In On Kunshan GuoLi Electronic Technology's Earnings
放大崑山國利電子科技的收益
As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF.
正如金融書呆子們已經知道的那樣,現金流應計比率是評估一家公司的自由現金流(FCF)與利潤匹配程度的關鍵指標。簡單地説,這個比率是從淨利潤中減去FCF,然後用這個數字除以該公司在此期間的平均運營資產。這個比率向我們展示了一家公司的利潤超過了它的FCF的多少。
As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.
因此,負的應計比率對公司是積極的,而正的應計比率是負的。雖然應計比率高於零並不令人擔憂,但我們確實認為,當一家公司的應計比率相對較高時,這一點值得注意。值得注意的是,有一些學術證據表明,一般來説,高應計比率對短期利潤來説不是一個好兆頭。
Kunshan GuoLi Electronic Technology has an accrual ratio of 0.20 for the year to March 2022. Unfortunately, that means its free cash flow fell significantly short of its reported profits. Even though it reported a profit of CN¥75.9m, a look at free cash flow indicates it actually burnt through CN¥12m in the last year. We also note that Kunshan GuoLi Electronic Technology's free cash flow was actually negative last year as well, so we could understand if shareholders were bothered by its outflow of CN¥12m.
崑山國力電子科技截至2022年3月的年度應計比率為0.20。不幸的是,這意味着其自由現金流遠遠低於其公佈的利潤。儘管該公司報告利潤為7590萬加元,但看看自由現金流就會發現,該公司去年實際上燒掉了1200萬加元。我們還注意到,崑山國利電子科技去年的自由現金流實際上也是負的,因此我們可以理解股東是否因其1200萬元的流出而感到困擾。
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.
這可能會讓你想知道,分析師對未來盈利能力的預測是什麼。幸運的是,您可以單擊此處查看基於他們估計的未來盈利能力的互動圖表。
Our Take On Kunshan GuoLi Electronic Technology's Profit Performance
我們如何看待崑山國力電子科技的盈利表現
Kunshan GuoLi Electronic Technology's accrual ratio for the last twelve months signifies cash conversion is less than ideal, which is a negative when it comes to our view of its earnings. Therefore, it seems possible to us that Kunshan GuoLi Electronic Technology's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. When we did our research, we found 4 warning signs for Kunshan GuoLi Electronic Technology (1 makes us a bit uncomfortable!) that we believe deserve your full attention.
崑山國利電子科技過去12個月的應計比率意味着現金轉換不太理想,這對我們對其收益的看法是負面的。因此,在我們看來,崑山國力電子科技的真實基礎盈利能力實際上低於其法定利潤的可能性。遺憾的是,在過去的12個月裏,它的每股收益一直在下降。當然,當談到分析其收益時,我們只是觸及了皮毛;人們還可以考慮利潤率、預測增長和投資回報等因素。有鑑於此,如果你想對公司做更多的分析,瞭解其中的風險是至關重要的。調研時,我們發現了崑山國力電子科技的4個警示標誌(1個讓我們有點不舒服!)我們認為這值得你的全力關注。
This note has only looked at a single factor that sheds light on the nature of Kunshan GuoLi Electronic Technology'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.
這份報告只關注了一個因素,它揭示了崑山國利電子科技的利潤性質。但還有很多其他方式可以讓你瞭解一家公司的看法。一些人認為,高股本回報率是高質量企業的良好標誌。雖然這可能需要為您做一些研究,但您可能會發現免費擁有高股本回報率的公司的集合,或者是內部人士購買的有用的股票清單。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有什麼反饋嗎?擔心內容嗎?保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
這篇由《華爾街日報》撰寫的文章本質上是籠統的。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。簡單地説,華爾街在提到的任何股票中都沒有頭寸。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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