Richinfo Technology Co., Ltd.'s (SZSE:300634) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Richinfo Technology Co., Ltd.'s (SZSE:300634) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Richinfo Technology's (SZSE:300634) stock is up by a considerable 7.9% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Richinfo Technology's ROE in this article.
Richinfo Technology(深圳證券交易所代碼:300634)的股票在過去一個月中上漲了7.9%。鑑於該公司的出色表現,我們決定更仔細地研究其財務指標,因爲公司的長期財務狀況通常決定市場業績。具體而言,我們決定在本文中研究Richinfo Technology的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵衡量標準。簡而言之,它衡量公司相對於股東權益的盈利能力。
Check out our latest analysis for Richinfo Technology
查看我們對 Richinfo Technology 的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for ROE is:
投資回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營)÷ 股東權益
So, based on the above formula, the ROE for Richinfo Technology is:
因此,根據上述公式,Richinfo Technology的投資回報率爲:
14% = CN¥373m ÷ CN¥2.7b (Based on the trailing twelve months to September 2023).
14% = 3.73億元人民幣 ¥27億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.14 in profit.
“回報” 是過去十二個月的利潤。這意味着,每獲得價值1元人民幣的股東權益,公司就會產生0.14元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
我們已經確定,投資回報率是衡量公司未來收益的有效利潤指標。我們現在需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,這樣我們就可以了解公司的增長潛力。假設其他一切都保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
Richinfo Technology's Earnings Growth And 14% ROE
Richinfo Technology的收益增長和14%的投資回報率
To begin with, Richinfo Technology seems to have a respectable ROE. On comparing with the average industry ROE of 5.8% the company's ROE looks pretty remarkable. This certainly adds some context to Richinfo Technology's decent 17% net income growth seen over the past five years.
首先,Richinfo Technology的投資回報率似乎相當不錯。與5.8%的行業平均投資回報率相比,該公司的投資回報率看起來相當可觀。這無疑爲Richinfo Technology在過去五年中實現的17%的淨收入增長增添了一些背景信息。
Next, on comparing with the industry net income growth, we found that Richinfo Technology's growth is quite high when compared to the industry average growth of 7.0% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現與同期7.0%的行業平均增長率相比,Richinfo Technology的增長相當高,這真是太好了。
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is Richinfo Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。與其他公司相比,Richinfo Technology的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Richinfo Technology Using Its Retained Earnings Effectively?
瑞信科技是否在有效地使用其留存收益?
Richinfo Technology has a low three-year median payout ratio of 18%, meaning that the company retains the remaining 82% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Richinfo Technology的三年派息率中位數很低,爲18%,這意味着該公司保留了剩餘的82%的利潤。這表明管理層正在將大部分利潤再投資以發展業務。
Moreover, Richinfo Technology is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 26% over the next three years. However, the company's ROE is not expected to change by much despite the higher expected payout ratio.
此外,Richinfo Technology決心繼續與股東分享利潤,這是我們從其四年支付股息的長期歷史中推斷出來的。我們最新的分析師數據顯示,該公司的未來派息率預計將在未來三年內升至26%。但是,儘管預期的派息率較高,但該公司的投資回報率預計不會有太大變化。
Conclusion
結論
Overall, we are quite pleased with Richinfo Technology's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們對Richinfo Technology的表現非常滿意。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。在研究分析師當前的估計時,我們發現分析師預計該公司將繼續保持最近的增長勢頭。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。
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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。