Is Dynatrace, Inc.'s (NYSE:DT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Dynatrace, Inc.'s (NYSE:DT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dynatrace's (NYSE:DT) stock is up by a considerable 6.0% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Dynatrace's ROE.
過去一個月，Dynatrace（紐交所代碼：DT）的股價上漲了6.0%。我們想知道公司的財務數據在這一價格變化中扮演了什麼角色，因爲一家公司的長期基本面通常決定了市場結果。在本文中，我們決定專注於Dynatrace的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
對於股東來說，股東回報率（ROE）是一個重要的考慮因素，因爲它告訴股東他們的資本被有效地再投資了多少。換句話說，它是一個衡量公司股東提供的資本回報率的盈利能力比率。
How Do You Calculate Return On Equity?
怎樣計算ROE?
The formula for return on equity is:
權益回報率的計算公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Dynatrace is:
因此，基於上述公式，Dynatrace的roe爲：
7.7% = US$155m ÷ US$2.0b (Based on the trailing twelve months to March 2024).
7.7% = 1.55億美元 ÷ 20億美元（截至2024年3月的過去12個月）。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.08 in profit.
“回報”是過去12個月的利潤。一個概念化的方式是，對於每1美元的股東資本，公司創造了0.08美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼？
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. 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.
到目前爲止，我們學到了ROE如何評估公司有效地產生利潤。根據公司再投資或“保留”的這些利潤的多少以及其如何有效地進行再投資，我們可以評估公司的盈利增長潛力。一般而言，在其他條件相同的情況下，ROE高、利潤保留高的公司，比沒有這些屬性的公司增長率更高。
Dynatrace's Earnings Growth And 7.7% ROE
Dynatrace的淨利潤增長和7.7%的roe
At first glance, Dynatrace's ROE doesn't look very promising. Next, when compared to the average industry ROE of 12%, the company's ROE leaves us feeling even less enthusiastic. In spite of this, Dynatrace was able to grow its net income considerably, at a rate of 64% in the last five years. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看，Dynatrace的roe似乎不是很有前途。接下來，與同行業12%的平均roe相比，公司的roe讓我們感到更加不熱衷。儘管如此，Dynatrace在過去的五年中成功地實現了淨利潤的大幅增長，增長率爲64%。我們認爲這裏可能存在其他因素。例如，公司的派息比率較低或運營效率高。
We then compared Dynatrace'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 13% in the same 5-year period.
然後，我們將Dynatrace的淨利潤增長與行業相比較，我們很高興地看到，在相同的5年期內，公司的增長率高於行業的13%。
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). This then helps them determine if the stock is placed for a bright or bleak future. Is DT fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是股票估值的重要因素。投資者知道市場是否已經反映了公司預期的盈利增長（或下降）非常重要。這有助於他們判斷股票是處於光明還是黑暗的未來。DT是否被合理估值？來看看有關公司內在價值的這個信息圖，裏面有你需要知道的一切。
Is Dynatrace Using Its Retained Earnings Effectively?
Dynatrace是否有效地利用了保留利潤？
Dynatrace doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Dynatrace不向股東支付任何定期股息，這意味着公司一直在將所有利潤重新投資於業務中。這很可能是上述高增長的原因。
Summary
總的來說，我們對偉明環保的表現非常滿意。具體而言，我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然，這導致公司的收益大幅增長。但是，最新的行業分析師預測表明，該公司的收益預計將加速增長。
Overall, we feel that Dynatrace 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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總的來說，我們認爲Dynatrace肯定有一些積極因素需要考慮。即使回報率低，公司通過大力投資業務實現了令人矚目的利潤增長。即便如此，對於最新的分析師預測的研究顯示，該公司預計會看到未來的盈利增長放緩。要了解有關該公司未來盈利增長預測的更多信息，請查看這份免費的分析師預測報告。
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