NanJing GOVA Technology Co., Ltd.'s (SHSE:688539) Stock Is Going Strong: Have Financials A Role To Play?
NanJing GOVA Technology Co., Ltd.'s (SHSE:688539) Stock Is Going Strong: Have Financials A Role To Play?
NanJing GOVA Technology (SHSE:688539) has had a great run on the share market with its stock up by a significant 12% over the last week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study NanJing GOVA Technology's ROE in this article.
南京GOVA科技（上海證券交易所代碼：688539）在股票市場上表現良好，其股票上週大幅上漲了12％。鑑於股票價格通常與公司的長期財務表現一致，我們決定更仔細地研究其財務指標，看看它們在近期的價格走勢中是否有機會發揮作用。具體而言，我們決定在本文中研究南京GOVA科技的投資回報率。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
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指標。簡而言之，投資回報率顯示了每美元從其股東投資中產生的利潤。
How Do You Calculate Return On Equity?
你如何計算股本回報率？
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤（來自持續經營業務）÷ 股東權益
So, based on the above formula, the ROE for NanJing GOVA Technology is:
因此，根據上述公式，南京GOVA科技的投資回報率爲：
5.6% = CN¥101m ÷ CN¥1.8b (Based on the trailing twelve months to March 2024).
5.6% = 1.01億元人民幣 ÷ 18億元人民幣（基於截至2024年3月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.06 in profit.
“回報” 是過去十二個月的稅後收入。另一種看法是，每持有價值1元人民幣的股權，公司就能獲得0.06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？
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前爲止，我們已經了解到，投資回報率是衡量公司盈利能力的指標。現在，我們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，從而使我們對公司的增長潛力有所了解。假設其他一切保持不變，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。
NanJing GOVA Technology's Earnings Growth And 5.6% ROE
南京GOVA科技的收益增長和5.6％的投資回報率
At first glance, NanJing GOVA Technology's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 6.3%, we may spare it some thought. Particularly, the exceptional 30% net income growth seen by NanJing GOVA Technology over the past five years is pretty remarkable. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.
乍一看，南京GOVA科技的投資回報率看起來並不十分樂觀。但是，鑑於該公司的投資回報率與6.3％的行業平均投資回報率相似，我們可以不加思索。特別是，南京GOVA Technology在過去五年中實現了30％的驚人淨收入增長，這非常引人注目。考慮到投資回報率不是特別高，我們認爲還可能有其他因素在起作用，這些因素可能會影響公司的增長。例如——高收益留存率或實行高效管理。
We then compared NanJing GOVA Technology's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 7.1% in the same 5-year period.
然後，我們將南京GOVA Technology的淨收入增長與該行業進行了比較，我們很高興地看到，與該行業相比，該公司的增長數字更高，同期同期增長率爲7.1％。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about NanJing GOVA Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是對股票進行估值時要考慮的重要指標。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。通過這樣做，他們將知道股票是走向清澈的藍色海水，還是沼澤的水域在等着你。如果你想知道南京GOVA Technology的估值，可以看看這個衡量其市盈率與行業相比的指標。
Is NanJing GOVA Technology Using Its Retained Earnings Effectively?
南京GOVA科技是否在有效使用其留存收益？
Summary
摘要
Overall, we feel that NanJing GOVA Technology certainly does have some positive factors to consider. 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. 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，我們認爲南京GOVA科技確實有一些積極的因素需要考慮。儘管回報率很低，但由於對業務進行了大量再投資，該公司的收益增長令人印象深刻。話雖如此，最新的行業分析師預測顯示，該公司的收益有望加速。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。
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
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根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。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，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。