Mattel, Inc. (NASDAQ:MAT) Has A ROE Of 14%
Mattel, Inc. (NASDAQ:MAT) Has A ROE Of 14%
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE to gain a better understanding of Mattel, Inc. (NASDAQ:MAT).
許多投資者仍在學習分析股票時有用的各種指標。本文是爲那些想要了解股本回報率（ROE）的人準備的。 通過學習而不是理論，我們將查看ROE，以更好地了解Mattel，Inc.（NASDAQ：MAT）。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率（ROE）是衡量公司增值和管理投資者資金有效性的測試。換句話說，它是一種盈利能力比率，用於衡量公司股東提供的資金回報率。
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 Mattel is:
因此，根據以上公式，Mattel的ROE爲：
14% = US$293m ÷ US$2.0b (Based on the trailing twelve months to March 2024).
14％= US$ 293m ÷ US$ 2.0b（基於截至2024年3月的過去十二個月）。
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.14 in profit.
“回報”是指公司過去一年的盈利。這樣概念化是對於每1美元的股東資本，公司獲得了0.14美元的利潤。
Does Mattel Have A Good Return On Equity?
Mattel的股本回報率如何？
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that Mattel has an ROE that is fairly close to the average for the Leisure industry (15%).
通過將公司的ROE與其行業平均水平進行比較，我們可以快速測量其表現如何。但是，這遠非完美的指標，因爲即使在同一行業分類中，公司也存在明顯差異。從下面的圖表中可以看出，Mattel的ROE與休閒行業的平均水平（15％）相當接近。
That's neither particularly good, nor bad. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If true, then it is more an indication of risk than the potential. Our risks dashboardshould have the 2 risks we have identified for Mattel.
這既不算特別好也不算太差。即使與行業相比，ROE也是可觀的，但其是否受高負債影響值得檢查。如果屬實，那麼這更多是風險指標，而非潛力。我們的風險管理儀表板應指出了我們爲Mattel確定的兩個風險。
Why You Should Consider Debt When Looking At ROE
爲什麼在觀察ROE時你應該考慮債務問題？
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
大多數公司需要資金才能增加其利潤。這筆現金可能來自保留收益、發行新股（股權）或債務。在前兩種情況下，roe將捕捉到這種資本利用增長的情況。在後一種情況下，用於增長的債務將增加roe，但不會影響股東權益。通過這種方式，債務的使用將增加roe，即使企業的核心經濟學依然是相同的。
Mattel's Debt And Its 14% ROE
Mattel的負債和其14％的ROE
Mattel clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.15. There's no doubt its ROE is decent, but the very high debt the company carries is not too exciting to see. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
Mattel顯然使用大量借貸來提高回報率，因爲其負債股本比爲1.15。毫無疑問，它的ROE相當不錯，但是公司承載的非常高的負債並不令人興奮。投資者應仔細考慮如果公司無法輕易借款將如何執行，因爲信貸市場隨時間而變化。
Conclusion
結論
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt.
當然，聯合租賃公司可能並不是最佳的買入股票。因此，您可能也希望查看這個包含其他高ROE低負債的公司的免費系列。
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to check this FREE visualization of analyst forecasts for the company.
話雖如此，ROE是業務質量的一個有用指標，但您還必須考慮一整套因素來確定購買股票的正確價格。因此需要考慮其他因素，如未來的利潤增長以及未來需要投入的資金。因此，您可能希望查看本公司的分析師預測的免費可視化。
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
如果您想查看另一傢俱有潛在優越財務狀況的公司，則不要錯過此具有高ROE和低債務的有趣公司的免費列表。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。