Is Xinjiang Joinworld Co.,Ltd.'s (SHSE:600888) Latest Stock Performance A Reflection Of Its Financial Health?
Is Xinjiang Joinworld Co.,Ltd.'s (SHSE:600888) Latest Stock Performance A Reflection Of Its Financial Health?
Xinjiang JoinworldLtd's (SHSE:600888) stock is up by a considerable 9.6% over the past month. 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 Xinjiang JoinworldLtd's ROE today.
新疆聯合世界股份有限公司(上海證券交易所股票代碼：600888)的股票在過去一個月裏大幅上漲了9.6%。鑑於該公司令人印象深刻的業績，我們決定更仔細地研究其財務指標，因為公司的長期財務健康狀況通常決定着市場結果。特別是今天我們將關注新疆聯合世界有限公司的淨資產收益率。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或淨資產收益率是股東要考慮的一個重要因素，因為它告訴他們他們的資本再投資的效率。簡而言之，淨資產收益率顯示了每一美元相對於其股東投資產生的利潤。
View our latest analysis for Xinjiang JoinworldLtd
查看我們對新疆聯合世界有限公司的最新分析
How To Calculate Return On Equity?
如何計算股本回報率？
ROE can be calculated by using the formula:
可使用以下公式計算淨資產收益率：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Xinjiang JoinworldLtd is:
因此，根據上述公式，新疆聯合世界股份有限公司的淨資產收益率為：
19% = CN¥1.5b ÷ CN¥8.1b (Based on the trailing twelve months to September 2022).
19%=15億元×81億元(按截至2022年9月的12個月計算)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.19 in profit.
“回報”指的是一家公司過去一年的收益。另一種説法是，公司每持有價值1元的股權，就能賺取0.19元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
淨資產收益率與盈利增長之間有什麼關係？
So far, we've learned that ROE is a measure of a company's profitability. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前為止，我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。根據公司選擇再投資或“保留”多少利潤，我們就能夠評估一家公司未來產生利潤的能力。一般來説，在其他條件相同的情況下，股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
Xinjiang JoinworldLtd's Earnings Growth And 19% ROE
新疆聯合世界有限公司的收益增長和19%的淨資產收益率
To start with, Xinjiang JoinworldLtd's ROE looks acceptable. On comparing with the average industry ROE of 8.3% the company's ROE looks pretty remarkable. This certainly adds some context to Xinjiang JoinworldLtd's exceptional 54% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
首先，新疆聯合世界有限公司的淨資產收益率看起來可以接受。與8.3%的行業平均淨資產收益率相比，該公司的淨資產收益率看起來相當驚人。這無疑為新疆聯合世界股份有限公司在過去五年中54%的淨收入增長提供了一些背景。我們認為，可能還有其他因素在起作用。例如-高收益留存或有效的管理到位。
We then compared Xinjiang JoinworldLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 18% in the same period.
然後，我們將新疆聯合世界有限公司的淨收入增長與行業進行了比較，我們高興地看到，與同期18%的行業增長率相比，該公司的增長數字更高。
Earnings growth is an important metric to consider when valuing a stock. 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. Is Xinjiang JoinworldLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是評估一隻股票時需要考慮的一個重要指標。對於投資者來説，重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。這樣做將有助於他們確定該股的未來看起來是光明的還是不祥的。與其他公司相比，新疆聯合世界有限公司的估值是否公平？這3個估值指標可能會幫助你做出決定。
Is Xinjiang JoinworldLtd Making Efficient Use Of Its Profits?
新疆聯合世界有限公司是否有效地利用了其利潤？
Xinjiang JoinworldLtd has a three-year median payout ratio of 27% (where it is retaining 73% of its income) which is not too low or not too high. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Xinjiang JoinworldLtd is reinvesting its earnings efficiently.
新疆聯合世界股份有限公司的三年派息率中值為27%(該公司保留了73%的收入)，這不是太低也不是太高。這表明它的股息得到了很好的覆蓋，考慮到我們上面討論的高增長，新疆聯合世界有限公司似乎正在有效地對其收益進行再投資。
Moreover, Xinjiang JoinworldLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外，新疆聯合世界有限公司決心繼續與股東分享利潤，這是我們從其至少十年的派息歷史中推斷出來的。
Summary
摘要
On the whole, we feel that Xinjiang JoinworldLtd's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard will have the 1 risk we have identified for Xinjiang JoinworldLtd.
總體來説，我們覺得新疆聯合世界股份有限公司的表現還不錯。具體地説，我們喜歡該公司將一大筆利潤以高回報率進行再投資。當然，這導致該公司的收益出現了大幅增長。如果該公司繼續以目前的方式增長收益，考慮到每股收益對長期股價的影響，這可能會對其股價產生積極影響。別忘了，股價結果還取決於一家公司可能面臨的潛在風險。因此，投資者意識到這項業務所涉及的風險很重要。我們的風險控制面板將包含我們為新疆聯合世界有限公司確定的1個風險。
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本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
譯文內容由第三人軟體翻譯。