Boasting A 26% Return On Equity, Is Bloomin' Brands, Inc. (NASDAQ:BLMN) A Top Quality Stock?
Boasting A 26% Return On Equity, Is Bloomin' Brands, Inc. (NASDAQ:BLMN) A Top Quality Stock?
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). To keep the lesson grounded in practicality, we'll use ROE to better understand Bloomin' Brands, Inc. (NASDAQ:BLMN).
許多投資者仍在學習有關分析股票時有用的各種指標。本文旨在幫助那些想了解淨資產收益率（ROE）的讀者。爲了使本課程更加務實，我們將使用ROE來更好地了解Bloomin' Brands，Inc.（納斯達克股票代碼：BLMN）。
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 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）是衡量公司經營管理層如何有效利用公司資本的關鍵指標。換言之，它是一種利潤率，衡量由公司股東提供的資本的回報率。
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 Bloomin' Brands is:
因此，根據上述公式，Bloomin' Brands的ROE爲：
26% = US$79m ÷ US$305m (Based on the trailing twelve months to March 2024).
26％ = 7900萬美元÷ 3.05億美元（截至2024年3月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.26 in profit.
“回報”是過去12個月的稅後收入。一個概念化的方法是，對於每1美元的股東資本，公司在利潤中賺取了0.26美元。
Does Bloomin' Brands Have A Good Return On Equity?
Bloomin' Brands具有良好的淨資產收益率嗎？
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. Pleasingly, Bloomin' Brands has a superior ROE than the average (19%) in the Hospitality industry.
通過將公司的ROE與行業平均水平進行比較，我們可以快速衡量其表現。然而，這種方法只適用於粗略檢查，因爲即使在同一行業分類中，公司之間的差異也相當大。令人高興的是，Bloomin' Brands在酒店行業具有優越的ROE，超過行業平均水平（19%）。
That's clearly a positive. Bear in mind, a high ROE doesn't always mean superior financial performance. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. To know the 4 risks we have identified for Bloomin' Brands visit our risks dashboard for free.
這顯然是一個積極的信號。請記住，高ROE並不總是意味着卓越的財務表現。除了淨收入的變化之外，高ROE也可能是與股本相對較高的債務，表明風險。要了解我們針對Bloomin' Brands確定的4個風險，請免費查看我們的風險儀表板。
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？
Companies usually need to invest money to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
公司通常需要投資來增加其利潤。這些資金可以來自發行股票、保留收益或債務。在前兩種情況下，ROE將捕捉到這種資本使用以進行增長。在後一種情況下，債務的使用將提高回報，但不會改變股本。因此，借款的使用可以提高ROE，儘管在比喻意義上存在額外的風險。
Bloomin' Brands' Debt And Its 26% ROE
Bloomin' Brands的債務以及其26%的ROE。
It appears that Bloomin' Brands makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.12. Its ROE is clearly quite good, but it seems to be boosted by the significant use of debt by the company.
似乎Bloomin' Brands廣泛使用債務來提高其回報，因爲其債務股本比率極高，達到3.12。其ROE顯然相當不錯，但似乎是由公司大量使用債務提高的。
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。
Return on equity is useful for comparing the quality of different businesses. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better.
股本回報率在比較不同企業質量時很有用。一家可以在沒有債務的情況下實現高股本回報率的公司可以被認爲是一家高質量的公司。其他條件相同，股本回報率越高，越好。
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。