Are TRS Information Technology Co., Ltd.'s (SZSE:300229) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are TRS Information Technology Co., Ltd.'s (SZSE:300229) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
With its stock down 25% over the past three months, it is easy to disregard TRS Information Technology (SZSE:300229). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study TRS Information Technology's ROE in this article.
由於其股價在過去三個月裡下跌了25%，人們很容易忽視TRS資訊技術公司(SZSE：300229)。然而，該公司的基本面看起來相當不錯，長期財務狀況通常與未來的市場價格走勢保持一致。具體地說，我們決定在本文中研究TRS資訊技術的淨資產收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率(ROE)是對一家公司增值和管理投資者資金的效率的測試。簡而言之，它是用來評估一家公司相對於其權益資本的盈利能力。
View our latest analysis for TRS Information Technology
查看我們對TRS資訊技術的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率？
The formula for return on equity is:
這個股本回報率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for TRS Information Technology is:
因此，根據上述公式，TRS資訊技術的淨資產收益率為：
3.5% = CN¥120m ÷ CN¥3.4b (Based on the trailing twelve months to June 2023).
3.5%=1.2億元×34億元(基於截至2023年6月的12個月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.04.
“回報”指的是企業在過去一年中獲得的收入。因此，這意味著股東每投資1元人民幣，公司就會產生0.04元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前為止，我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。根據公司選擇再投資或“保留”多少利潤，我們就能夠評估一家公司未來產生利潤的能力。一般來說，在其他條件相同的情況下，股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
TRS Information Technology's Earnings Growth And 3.5% ROE
TRS資訊技術的盈利增長和3.5%的淨資產收益率
It is hard to argue that TRS Information Technology's ROE is much good in and of itself. Even when compared to the industry average of 4.9%, the ROE figure is pretty disappointing. Although, we can see that TRS Information Technology saw a modest net income growth of 13% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. Such as - high earnings retention or an efficient management in place.
很難說TRS資訊技術公司的淨資產收益率本身就很好。即使與4.9%的行業平均水準相比，淨資產收益率也是相當令人失望的。儘管如此，我們可以看到，TRS資訊技術在過去五年中實現了13%的適度淨收入增長。因此，收益的增長可能是由其他變量造成的。例如-高收益留存或有效的管理到位。
As a next step, we compared TRS Information Technology's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.5%.
作為下一步，我們將TRS資訊科技的淨收入增長與行業進行了比較，令人欣喜的是，我們發現該公司看到的增長高於行業平均9.5%的增長。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is TRS Information Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。對於投資者來說，重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。通過這樣做，他們將知道股票是將進入清澈的藍色水域，還是等待沼澤水域。與其他公司相比，TRS資訊技術公司的價值是否公平？這3個估值指標可能會幫助你做出決定。
Is TRS Information Technology Making Efficient Use Of Its Profits?
TRS資訊技術是否有效地利用了其利潤？
TRS Information Technology has a low three-year median payout ratio of 14%, meaning that the company retains the remaining 86% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
TRS資訊技術公司的三年派息率中值較低，為14%，這意味著該公司保留了剩餘86%的利潤。這表明管理層正在將大部分利潤進行再投資，以實現業務增長。
Additionally, TRS Information Technology has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.
此外，TRS資訊技術公司在九年的時間裡支付了股息，這意味著該公司對與股東分享利潤是相當認真的。
Conclusion
結論
On the whole, we do feel that TRS Information Technology has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總體而言，我們確實覺得TRS資訊技術有一些積極的屬性。儘管回報率很低，但由於對業務進行了大量再投資，該公司實現了令人印象深刻的收益增長。儘管如此，最新的行業分析師預測顯示，該公司的收益預計將加速增長。這些分析師的預期是基於對該行業的廣泛預期，還是基於該公司的基本面？點擊此處進入我們分析師對該公司的預測頁面。
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本文由Simply Wall St.撰寫，具有概括性.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.Simply Wall St.對上述任何一隻股票都沒有持倉.