Is Concentrix Corporation's (NASDAQ:CNXC) 6.5% ROE Worse Than Average?
Is Concentrix Corporation's (NASDAQ:CNXC) 6.5% ROE Worse Than Average?
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 Concentrix Corporation (NASDAQ:CNXC).
許多投資者仍在學習分析股票時有用的各種指標。本文是爲那些想了解ROE（股東權益報酬率）的人準備的。通過實際操作學習，我們將通過研究ROE來更好地了解Concentrix Corporation（納斯達克：CNXC）。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之，ROE顯示每美元股東投資所產生的利潤。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
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 Concentrix is:
所以，根據上述公式，Concentrix的ROE爲：
6.5% = US$266m ÷ US$4.1b (Based on the trailing twelve months to May 2024).
6.5% = 2.66億美元 ÷ 4.1十億美元（基於截至2024年5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 $0.07 in profit.
「回報」是每年的利潤。這意味着對於每1美元的股東權益，公司會產生0.07美元的利潤。
Does Concentrix Have A Good Return On Equity?
Concentrix的資產收益率好嗎？
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. As is clear from the image below, Concentrix has a lower ROE than the average (16%) in the Professional Services industry.
通過將公司的資產收益率與其行業平均水平進行比較，我們可以快速了解其表現如何。然而，由於同一行業內公司存在顯著差異，這僅僅是一個粗略的指標。根據下圖可見，Concentrix的資產收益率低於專業服務行業的平均水平（16%）。
Unfortunately, that's sub-optimal. However, a low ROE is not always bad. If the company's debt levels are moderate to low, then there's still a chance that returns can be improved via the use of financial leverage. When a company has low ROE but high debt levels, we would be cautious as the risk involved is too high. To know the 5 risks we have identified for Concentrix visit our risks dashboard for free.
不幸的是，這個結果並不理想。然而，資產收益率低並不總是不好的。如果公司的債務水平適中或較低，那麼通過運用財務槓桿仍然有可能改善回報率。當一家公司的資產收益率低但債務水平較高時，我們應該謹慎對待，因爲涉及的風險太高。想要了解我們爲Concentrix確定的5個風險，請免費訪問我們的風險儀表板。
How Does Debt Impact ROE?
債務對ROE的影響是怎樣的？
Virtually all companies need money to invest in the business, to grow profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
幾乎所有公司都需要資金來投資業務以獲得利潤增長。這些資金可以來自留存收益、發行新股（權益）或債務。在前兩種情況下，資產收益率將反映出這些資金用於業務投資。而在債務用於增長的情況下，雖然不會影響總股本，但會改善回報率。因此，債務的使用可以提高資產收益率，儘管在風暴天氣的情況下也伴隨着額外的風險，打個比方。
Combining Concentrix's Debt And Its 6.5% Return On Equity
結合Concentrix的債務和6.5%的淨資產收益率
Concentrix does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.21. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.
Concentrix確實使用了大量的債務來增加回報。它的資產負債比爲1.21。淨資產收益率相對較低，而且債務使用較高，目前很難對這個業務感到興奮。債務確實帶來了額外的風險，所以只有在公司能夠從中獲得可觀的回報時才真正值得。
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 one way we can compare its business quality of different companies. Companies that can achieve high returns on equity without too much debt are generally of good quality. All else being equal, a higher ROE is better.
ROE是我們比較不同公司業務質量的一種方法。一般而言，能夠在不過度依賴於債務的情況下獲得高回報的公司通常是優質的公司。除此之外，其他條件相同，更高的ROE更好。
But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free report on analyst forecasts for the company.
但當一個企業是高品質時，市場通常會將它競拍到反映這一點的價格。考慮到利潤增長的速度，相對於當前價格所反映的利潤增長預期，也必須加以考慮。因此，我認爲值得查看此公司的分析師預測免費報告。
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.
如果您想查看另一家可能具有更好財務狀況的公司 - 具有高股本回報率和低債務的公司，那麼請不要錯過這份有趣公司列表，該列表免費提供。
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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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