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Karooooo's (NASDAQ:KARO) Earnings Offer More Than Meets The Eye

Karooooo's (NASDAQ:KARO) Earnings Offer More Than Meets The Eye

Karoooo(纳斯达克股票代码:KARO)的收益报价远不止眼前所见
Simply Wall St ·  05/22 20:01

Investors signalled that they were pleased with Karooooo Ltd.'s (NASDAQ:KARO) most recent earnings report. Looking deeper at the numbers, we found several encouraging factors beyond the headline profit numbers.

投资者表示,他们对Karooooo Ltd感到满意。”s(纳斯达克股票代码:KARO)最新的收益报告。深入研究这些数字,除了总体利润数字外,我们还发现了几个令人鼓舞的因素。

earnings-and-revenue-history
NasdaqCM:KARO Earnings and Revenue History May 22nd 2024
NasdaqCM: KARO 收益和收入历史记录 2024 年 5 月 22 日

Zooming In On Karooooo's Earnings

放大 Karoooo 的收益

In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. This ratio tells us how much of a company's profit is not backed by free cashflow.

在高级财务中,用于衡量公司将报告的利润转换为自由现金流(FCF)的关键比率是应计比率(来自现金流)。应计比率从给定时期的利润中减去FCF,然后将结果除以该时间内公司的平均运营资产。这个比率告诉我们,一家公司的利润中有多少没有自由现金流的支持。

That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth.

这意味着负应计比率是一件好事,因为它表明该公司带来的自由现金流比其利润所暗示的要多。虽然正应计比率表明非现金利润达到一定水平不是问题,但高应计比率可以说是一件坏事,因为它表明纸面利润与现金流不匹配。这是因为一些学术研究表明,高应计率往往会导致利润下降或利润增长减弱。

Karooooo has an accrual ratio of -0.12 for the year to February 2024. That implies it has good cash conversion, and implies that its free cash flow solidly exceeded its profit last year. Indeed, in the last twelve months it reported free cash flow of R998m, well over the R738.2m it reported in profit. Karooooo's free cash flow improved over the last year, which is generally good to see.

截至2024年2月的一年中,Karoooo的应计比率为-0.12。这意味着它具有良好的现金转化率,也意味着其去年的自由现金流稳步超过了利润。事实上,在过去的十二个月中,它报告的自由现金流为9.98亿兰特,远远超过其报告的利润7.382亿兰特。Karoooo的自由现金流与去年相比有所改善,总体而言,这是件好事。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。

Our Take On Karooooo's Profit Performance

我们对Karooooo盈利表现的看法

As we discussed above, Karooooo has perfectly satisfactory free cash flow relative to profit. Because of this, we think Karooooo's earnings potential is at least as good as it seems, and maybe even better! And on top of that, its earnings per share have grown at 52% per year over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So while earnings quality is important, it's equally important to consider the risks facing Karooooo at this point in time. Every company has risks, and we've spotted 1 warning sign for Karooooo you should know about.

正如我们上面讨论的那样,Karoooo的自由现金流相对于利润来说非常令人满意。正因为如此,我们认为Karoooo的盈利潜力至少和看起来一样好,甚至可能更好!最重要的是,在过去三年中,其每股收益以每年52%的速度增长。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。因此,尽管收益质量很重要,但考虑Karoooo目前面临的风险同样重要。每家公司都有风险,我们发现了一个你应该知道的Karoooo警告信号。

Today we've zoomed in on a single data point to better understand the nature of Karooooo's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.

今天,我们放大了单个数据点,以更好地了解Karoooo利润的性质。但是,还有很多其他方法可以让你对公司的看法。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。因此,你可能希望看到这份拥有高股本回报率的公司的免费集合,或者这份内部所有权高的股票清单。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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