Is Warom Technology Incorporated Company's (SHSE:603855) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Warom Technology Incorporated Company's (SHSE:603855) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Warom Technology's (SHSE:603855) stock is up by a considerable 35% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Warom Technology's ROE in this article.
Warom Technology（上海證券交易所代碼：603855）的股票在過去三個月中上漲了35％。鑑於從長遠來看，市場會獎勵強勁的財務狀況，我們想知道在這種情況下是否如此。具體而言，我們決定在本文中研究Warom Technology的投資回報率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。換句話說，它揭示了公司成功地將股東投資轉化爲利潤。
How Is ROE Calculated?
ROE 是如何計算的？
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 Warom Technology is:
因此，根據上述公式，Warom Technology的投資回報率爲：
22% = CN¥465m ÷ CN¥2.1b (Based on the trailing twelve months to March 2024).
22% = 4.65億元人民幣 ÷ 21億元人民幣（基於截至2024年3月的過去十二個月）。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.22 in profit.
“回報” 是企業去年獲得的收入。將其概念化的一種方法是，每擁有1元人民幣的股東資本，公司的利潤爲0.22元人民幣。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止，我們已經了解到，投資回報率衡量的是公司創造利潤的效率。然後，我們能夠評估公司的收益增長潛力，具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他條件都一樣，與功能不相同的公司相比，具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
Warom Technology's Earnings Growth And 22% ROE
Warom Technology的收益增長和22％的投資回報率
At first glance, Warom Technology seems to have a decent ROE. Especially when compared to the industry average of 6.9% the company's ROE looks pretty impressive. This certainly adds some context to Warom Technology's decent 19% net income growth seen over the past five years.
乍一看，Warom Technology的投資回報率似乎不錯。特別是與6.9％的行業平均水平相比，該公司的投資回報率看起來相當可觀。這無疑爲Warom Technology在過去五年中實現了19％的可觀淨收入增長增添了一些背景信息。
We then compared Warom 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 12% in the same 5-year period.
然後，我們將Warom Technology的淨收入增長與該行業進行了比較，我們很高興地看到，與同期5年同期增長12％的行業相比，該公司的增長數字更高。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is 603855 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增長是對股票進行估值時要考慮的重要指標。無論如何，投資者應設法確定預期的收益增長或下降是否已計入其中。然後，這可以幫助他們確定股票是面向光明還是暗淡的未來。603855 估值合理嗎？這張關於公司內在價值的信息圖包含了你需要知道的一切。
Is Warom Technology Making Efficient Use Of Its Profits?
Warom 技術是否在有效利用其利潤？
The high three-year median payout ratio of 88% (or a retention ratio of 12%) for Warom Technology suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
Warom Technology的三年中位派息率高達88％（或12％的留存率），這表明儘管該公司將大部分收入返還給了股東，但其增長並沒有真正受到阻礙。
Additionally, Warom Technology has paid dividends over a period of six years which means that the company is pretty serious about sharing its profits with shareholders.
此外，Warom Technology已在六年內派發了股息，這意味着該公司非常認真地與股東分享利潤。
Conclusion
結論
In total, we are pretty happy with Warom Technology's performance. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. 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Warom Technology的表現非常滿意。特別是，其高投資回報率非常值得注意，也是其可觀收益增長背後的可能解釋。但是，該公司保留了其利潤的一小部分。這意味着儘管如此，該公司還是能夠增加收益，所以這還不錯。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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譯文內容由第三人軟體翻譯。