Is Napco Security Technologies, Inc.'s (NASDAQ:NSSC) Latest Stock Performance A Reflection Of Its Financial Health?
Is Napco Security Technologies, Inc.'s (NASDAQ:NSSC) Latest Stock Performance A Reflection Of Its Financial Health?
Napco Security Technologies' (NASDAQ:NSSC) stock is up by a considerable 33% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Napco Security Technologies' ROE today.
過去三個月，napco security technologies（納斯達克：NSSC）的股價上漲了33%。鑑於公司的出色表現，我們決定更加密切地研究其財務指標，因爲長期而言，公司的財務狀況通常決定了市場結果。尤其是今天我們會關注napco security technologies的roe。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率（roe）是一種關鍵指標，用於評估公司管理層如何有效利用公司資本。更簡單地說，它衡量了公司相對股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
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 Napco Security Technologies is:
因此，根據上述公式，napco security technologies的roe爲:
28% = US$47m ÷ US$168m (Based on the trailing twelve months to March 2024).
28% = 4,700萬美元 ÷ 1.68億美元（截至2024年3月的過去十二個月）。
The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.28 in profit.
“回報”指的是年利潤。這意味着對於每1美元的股東權益，該公司創造了0.28美元的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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，我們了解到ROE是衡量一家公司如何高效地產生利潤的指標。 根據公司選擇重新投資或“保留”的利潤的比例，我們能夠評估公司未來產生利潤的能力。 假設其他所有內容保持不變，則ROE和盈利保留比越高，公司的增長速度就越高，這與那些不一定具備這些特徵的公司相比。
A Side By Side comparison of Napco Security Technologies' Earnings Growth And 28% ROE
napco security technologies的盈利增長和28%的roe的並排比較
First thing first, we like that Napco Security Technologies has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 9.5% which is quite remarkable. So, the substantial 30% net income growth seen by Napco Security Technologies over the past five years isn't overly surprising.
首先，我們喜歡napco security technologies表現出色的roe。此外，該公司的roe高於行業平均水平9.5%，這是相當了不起的。因此，napco security technologies在過去五年中實現的可觀淨利潤增長率爲30%並不令人過分驚訝。
Next, on comparing with the industry net income growth, we found that Napco Security Technologies' growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.
接下來，與行業淨利潤增長進行比較，我們發現napco security technologies的增長率相當高，相比之下，同期行業平均增長率爲15%，這是非常好的。
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). Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for NSSC? You can find out in our latest intrinsic value infographic research report.
盈利增長是股票估值的一個重要因素。投資者了解市場是否已將公司預期的盈利增長（或下滑）定價至關重要。這樣做可以幫助他們確定股票的未來前景是看好還是不利。市場是否對NSSC的未來前景定價？您可以在我們最新的內在價值信息圖研究報告中找到答案。
Is Napco Security Technologies Using Its Retained Earnings Effectively?
napco security technologies有效利用保留收益嗎？
Napco Security Technologies has a really low three-year median payout ratio of 17%, meaning that it has the remaining 83% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
napco security technologies的三年中位數支付比率非常低，爲17%，這意味着還有83%的餘額可再投資到其業務中。這表明管理層正在將大部分利潤再投資到業務中，如公司實現的增長所證明的那樣。
While Napco Security Technologies has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend.
儘管napco security technologies的盈利增長有所增長，但它只是最近開始派發股息。很可能是公司決定通過分紅來給新老股東留下深刻印象。
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。
In total, we are pretty happy with Napco Security Technologies' performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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napco security technologies的表現非常滿意。特別是看到公司正在大力投資其業務，並伴隨高回報率，這導致了其盈利的大幅增長。最新的行業分析師預測顯示，該公司預計將維持其當前的增長率。了解有關該公司最新分析師預測的更多信息，請查看該公司分析師預測的可視化。
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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。
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譯文內容由第三人軟體翻譯。