How Did Evergy, Inc.'s (NASDAQ:EVRG) 7.5% ROE Fare Against The Industry?
How Did Evergy, Inc.'s (NASDAQ:EVRG) 7.5% ROE Fare Against The Industry?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Evergy, Inc. (NASDAQ:EVRG).
我們能做的最好的投資之一是我們自己的知識和技能。考慮到這一點，本文將探討如何使用股本回報率（ROE）來更好地了解業務。通過邊幹邊學的方式，我們將研究投資回報率，以更好地了解Evergy, Inc.（納斯達克股票代碼：EVRG）。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。簡而言之，投資回報率顯示了每美元從其股東投資中產生的利潤。
How To Calculate Return On Equity?
如何計算股本回報率？
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤（來自持續經營業務）÷ 股東權益
So, based on the above formula, the ROE for Evergy is:
因此，根據上述公式，Evergy的投資回報率爲：
7.5% = US$724m ÷ US$9.7b (Based on the trailing twelve months to March 2024).
7.5% = 7.24億美元 ÷ 97億美元（基於截至2024年3月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.07 in profit.
“回報” 是過去十二個月的稅後收入。這意味着，每獲得價值1美元的股東權益，該公司就會產生0.07美元的利潤。
Does Evergy Have A Good ROE?
Evergy 的投資回報率是否良好？
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. If you look at the image below, you can see Evergy has a similar ROE to the average in the Electric Utilities industry classification (8.9%).
確定公司股本回報率是否不錯的一種簡單方法是將其與該行業的平均水平進行比較。重要的是，這遠非完美的衡量標準，因爲各公司在相同的行業分類中差異很大。如果你看下圖，你會發現Evergy的投資回報率與電力公用事業行業分類中的平均水平（8.9％）相似。
That isn't amazing, but it is respectable. While at least the ROE is not lower than the industry, its still worth checking what role the company's debt plays as high debt levels relative to equity may also make the ROE appear high. If true, then it is more an indication of risk than the potential. You can see the 2 risks we have identified for Evergy by visiting our risks dashboard for free on our platform here.
這並不奇怪，但值得尊敬。儘管至少投資回報率不低於該行業，但仍值得檢查該公司的債務起了什麼作用，因爲相對於股權的高債務水平也可能使投資回報率顯得很高。如果屬實，則與其說是潛在風險，不如說是風險。您可以訪問我們的 Evergy 發現的 2 種風險 風險儀表板 在我們的平台上免費使用。
The Importance Of Debt To Return On Equity
債務對股本回報率的重要性
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 debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
公司通常需要投資資金來增加利潤。這些現金可以來自發行股票、留存收益或債務。在前兩個案例中，投資回報率將涵蓋這種資本用於增長的用途。在後一種情況下，用於增長的債務將提高回報，但不會影響總資產。以這種方式，債務的使用將提高投資回報率，儘管該業務的核心經濟學保持不變。
Evergy's Debt And Its 7.5% ROE
Evergy的債務及其7.5％的投資回報率
It's worth noting the high use of debt by Evergy, leading to its debt to equity ratio of 1.41. 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.
值得注意的是，Evergy大量使用債務，導致其負債權益比率爲1.41。由於投資回報率相當低，而且債務使用量很大，目前很難對這項業務感到興奮。債務確實會帶來額外的風險，因此只有當公司從中獲得可觀的回報時，債務才是真正值得的。
Conclusion
結論
Return on equity is one way we can compare its business quality of different companies. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt.
股本回報率是我們可以比較不同公司的業務質量的一種方式。在我們的賬簿中，儘管債務很低，但質量最高的公司的股本回報率卻很高。如果兩家公司的投資回報率相同，那麼我通常更喜歡負債較少的公司。
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 take a peek at this data-rich interactive graph of forecasts for the company.
話雖如此，儘管投資回報率是衡量業務質量的有用指標，但你必須考慮一系列因素才能確定購買股票的正確價格。重要的是要考慮其他因素，例如未來的利潤增長，以及未來需要多少投資。因此，你可能想看看這張數據豐富的公司預測交互式圖表。
But note: Evergy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但請注意：Evergy可能不是最值得購買的股票。因此，來看看這份投資回報率高、債務低的有趣公司的免費清單。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。