Is Acushnet Holdings Corp.'s (NYSE:GOLF) Stock's Recent Performance A Reflection Of Its Financial Health?
Is Acushnet Holdings Corp.'s (NYSE:GOLF) Stock's Recent Performance A Reflection Of Its Financial Health?
Acushnet Holdings' (NYSE:GOLF) stock is up by 4.6% over the past month. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Particularly, we will be paying attention to Acushnet Holdings' ROE today.
Acushnet Holdings (紐交所：GOLF) 的股票在過去一個月上漲了4.6%。由於市場通常反映公司的長期財務狀況，我們決定研究公司的基本面，以確定它們是否影響市場。特別是，我們今天將關注Acushnet Holdings的roe。（按上述公式計算），Acushnet Holdings的ROE爲20%（截至2024年3月）。其中“回報”是年利潤。將每$1的股東資本與盈利$0.20連接起來，是一種概念方法，說明公司的ROE值比15%的行業平均ROE值要好得多。在過去的五年中，Acushnet Holdings的淨收入增長達到18％，這顯然增加了公司基本盈利個方面的一些上下文。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東要考慮的關鍵因素之一是淨資產收益率或roe，因爲它告訴他們公司如何有效地重新投資他們的資本。簡單點說，它衡量了公司與股東權益相關的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算：
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 Acushnet Holdings is:
因此，基於上述公式，Acushnet Holdings的ROE爲:
20% = US$190m ÷ US$929m (Based on the trailing twelve months to March 2024).
20% = US$190m ÷ US$929m（基於截至2024年3月的過去12個月）。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.20 in profit.
“回報”是年利潤。將每$1的股東資本與盈利$0.20連接起來，是一種概念方法，說明公司的ROE值比15%的行業平均ROE值要好得多。
What Has ROE Got To Do With Earnings Growth?
ROE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. 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 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，我們已經了解了roe是公司盈利能力的一種衡量標準。根據公司重新投資或“保留”的利潤數量和效率，我們可以評估公司的盈利增長潛力。假設其他所有因素保持不變，roe和保留的利潤越高，相對於不一定具有這些特徵的公司，公司的增長率就越高。
A Side By Side comparison of Acushnet Holdings' Earnings Growth And 20% ROE
Acushnet Holdings的盈利增長和20％的ROE的並置對比
To start with, Acushnet Holdings' ROE looks acceptable. On comparing with the average industry ROE of 15% the company's ROE looks pretty remarkable. This certainly adds some context to Acushnet Holdings' decent 18% net income growth seen over the past five years.
首先，Acushnet Holdings的ROE看起來是可接受的。與15％的行業平均ROE相比，公司的ROE看起來相當卓越。這肯定爲過去五年間Acushnet Holdings不錯的18％淨收入增長增加了一些背景。
As a next step, we compared Acushnet Holdings' net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 15% in the same period.
作爲下一步，我們比較了Acushnet Holdings的淨收入增長與行業的情況，並發現該公司在相同時期與行業平均增長率15％相比，增長數字類似。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 GOLF fairly valued? This infographic on the company's intrinsic value has everything you need to know.
附加價值被植入一家公司中極大程度上取決於其盈利增長。投資者需要決定接下來的預期盈利增長是否已經體現在股價中，若否，則需要確定該股票的未來前景是樂觀還是悲觀。 GOLF是否公平定價？ 這張公司內在價值的信息圖表可以爲您提供一切需要了解的內容。
Is Acushnet Holdings Efficiently Re-investing Its Profits?
Acushnet Holdings是否有效地再投資其利潤？
Acushnet Holdings has a healthy combination of a moderate three-year median payout ratio of 26% (or a retention ratio of 74%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
Acushnet Holdings具有健康的組合，即適度的三年成熟支付比率爲26％（或保留比率爲74％），並具有看到的可觀的盈利增長，這意味着公司一直在有效地利用其利潤。
Moreover, Acushnet Holdings is determined to keep sharing its profits with shareholders which we infer from its long history of seven years of paying a dividend.
此外，Acushnet Holdings決定繼續與股東分享盈利，這是我們從其長達七年的分紅歷史中推斷出來的。
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。
On the whole, we feel that Acushnet Holdings' performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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. 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.
總的來說，我們認爲Acushnet Holdings的業績相當不錯。特別是，我們喜歡公司大量重投其業務，而且回報率很高。毫不意外，這導致了驚人的盈利增長。然而，最新分析師預測的研究表明，預計該公司未來的盈利增長將放緩。這些分析師的預期是否基於行業的廣泛預期還是基於公司的基本面？請單擊此處進入我們的分析師預測頁面以了解更多信息。
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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.
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。