Do Its Financials Have Any Role To Play In Driving Cricut, Inc.'s (NASDAQ:CRCT) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Cricut, Inc.'s (NASDAQ:CRCT) Stock Up Recently?
Cricut (NASDAQ:CRCT) has had a great run on the share market with its stock up by a significant 31% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Cricut's ROE today.
Cricut（納斯達克：CRCT）股價在過去三個月中大幅上漲了31％，在股市上取得了巨大的成功。我們想知道公司的財務狀況在這種價格變動中扮演了什麼角色，因爲公司的長期基本面通常決定市場結果。今天我們將特別關注Cricut的roe。
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
對於股東來說，股東回報率（ROE）是一個重要的考慮因素，因爲它告訴股東他們的資本被有效地再投資了多少。換句話說，它是一個衡量公司股東提供的資本回報率的盈利能力比率。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
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 Cricut is:
因此，根據上述公式，Cricut的roe爲:
12% = US$64m ÷ US$553m (Based on the trailing twelve months to March 2024).
12％= 6400萬美元÷ 55.3億美元（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 $0.12 in profit.
“回報”是指過去十二個月稅後所賺取的金額。這意味着對於每美元股東權益，公司創造了0.12美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準，用於評估公司未來的盈利能力，我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少，這使我們對公司的增長潛力有了一個了解。一般而言，在其他條件相等的情況下，ROE和利潤留存高的公司，增長率比沒有這些屬性的公司要高。
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.
我們已經確定ROE是一種有效的利潤生成標準，用於評估公司未來的盈利能力。我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少，這使我們對公司的增長潛力有了一個了解。一般而言，在其他條件相等的情況下，ROE和利潤留存高的公司，增長率比沒有這些屬性的公司要高。
Cricut's Earnings Growth And 12% ROE
Cricut的盈利增長和12％的roe
To start with, Cricut's ROE looks acceptable. Even so, when compared with the average industry ROE of 15%, we aren't very excited. Moreover, Cricut's net income shrunk at a rate of 24%over the past five years. Bear in mind, the company does have a high ROE. It is just that the industry ROE is higher. Hence there might be some other aspects that are causing earnings to shrink. These include low earnings retention or poor allocation of capital.
首先，Cricut的roe看起來可接受。即便如此，與行業平均roe 15％相比，我們並不是很興奮。此外，Cricut的淨利潤在過去五年中以24％的速度縮水。請注意，該公司具有較高的roe。只是行業roe更高。因此，可能會有其他因素導致收益縮水。這些可能包括低盈利保留或資本配置不善。
That being said, we compared Cricut's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 24% in the same 5-year period.
話雖如此，我們將Cricut的表現與行業進行比較，並發現在同樣的5年時間內，該公司減少了盈利，而該行業的盈利增長率爲24％。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Cricut's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
公司所附加的價值，很大程度上取決於其盈利增長。投資者知道市場是否已經定價出公司預期的盈利增長（或下降）很重要。這有助於他們確定股票的未來前景是光明還是黯淡。如果你想知道Cricut的估值，請查看它的市盈率與行業的比較。
Is Cricut Using Its Retained Earnings Effectively?
Cricut是否有效利用其保留盈利？
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。
Overall, we feel that Cricut certainly does have some positive factors to consider. However, while the company does have a decent ROE and a high profit retention, its earnings growth number is quite disappointing. This suggests that there might be some external threat to the business, that's hampering growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard would have the 4 risks we have identified for Cricut.
總的來說，我們認爲Cricut肯定有一些積極因素需要考慮。然而，儘管該公司擁有可觀的roe和高利潤保留率，但其盈利增長率相當令人失望。這表明可能存在一些外部威脅，正在阻礙增長。雖然我們不會完全排除公司，但我們要嘗試確定業務的風險程度，以便做出更明智的決策。我們的風險儀表板會列舉Cricut的四個風險點。
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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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譯文內容由第三人軟體翻譯。