What Evergy, Inc.'s (NASDAQ:EVRG) ROE Can Tell Us
What Evergy, Inc.'s (NASDAQ:EVRG) ROE Can Tell Us
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Evergy, Inc. (NASDAQ:EVRG).
雖然一些投資者已經對財務指標非常熟悉（頂帽），但本文是爲那些想了解什麼是淨資產收益率（ROE）以及其重要性的人而準備的。通過實踐學習的方式，我們將通過分析ROE來更好地理解Evergy, Inc.（NASDAQ:EVRG）。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之，roe顯示每個股東投資所產生的利潤。
How Is ROE Calculated?
淨資產收益率怎麼計算？
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 Evergy is:
因此，基於以上公式，Evergy的ROE爲:
7.7% = US$752m ÷ US$9.7b (Based on the trailing twelve months to June 2024).
7.7% = 752 million美元 ÷ 9.7 billion美元（根據截至2024年6月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.08.
「回報」是稅後過去12個月的賺取金額。因此，這意味着對於股東每投資1美元，公司會產生0.08美元的利潤。
Does Evergy Have A Good ROE?
Evergy的ROE表現如何？
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. You can see in the graphic below that Evergy has an ROE that is fairly close to the average for the Electric Utilities industry (9.2%).
通過將公司的ROE與行業平均水平進行比較，我們可以快速了解公司的表現如何。然而，這種方法只能作爲初步檢查的參考，因爲即使在同一行業分類中，公司之間的差異也是相當大的。您可以在下圖中看到，Evergy的ROE與電力公用事業行業的平均水平（9.2%）相當接近。
That isn't amazing, but it is respectable. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If so, this increases its exposure to financial risk. Our risks dashboardshould have the 2 risks we have identified for Evergy.
這並不算驚人，但也算是令人敬佩的。即使與行業相比，如果公司的ROE受到高負債水平的支持，也值得檢查。如果是這樣，這增加了公司面臨的金融風險。我們的風險儀表盤會展示Evergy的兩個風險。
How Does Debt Impact Return On Equity?
債務如何影響股東回報率？
Virtually all companies need money to invest in the business, to grow profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. 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，以實現利潤增長。投資的資金可以來自前一年的利潤（留存收益），發行新股或借貸。在前兩種情況下，ROE將反映出這些用於投資業務的現金使用情況。在後一種情況下，用於增長的債務將改善回報，但不會影響總股本。因此，債務的使用可以改善ROE，但在比喻性地說，也伴隨着額外的風險。
Combining Evergy's Debt And Its 7.7% Return On Equity
結合西星能源的債務和其7.7%的淨資產收益率
Evergy does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.45. Its ROE is quite low, even with the use of significant debt; that's not a good result, in our opinion. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it.
西星能源確實使用了大量債務來增加回報。它的資產負債比率爲1.45。即使使用了大量債務，它的roe也相當低，這在我們看來並不是一個好的結果。債務會增加風險，並減少公司未來的選擇，因此您通常希望從中獲得一些不錯的回報。
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 a useful indicator of the ability of a business to generate profits and return them to shareholders. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.
股東權益回報率是衡量企業盈利能力並將利潤返還給股東的有效指標。沒有太多債務的公司能夠實現高回報率通常是高品質的。如果兩家公司的債務股本比大致相同，並且其中一家公司的roe更高，我通常會更喜歡roe更高的一家公司。
But when a business is high quality, the market often bids it up to a price that reflects this. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to check this FREE visualization of analyst forecasts for the company.
但是，當一個業務質量高的公司時，市場通常會將其競拍到反映這一點的價格。利潤增長率相對於股票價格反映的預期，是特別重要考慮的因素。因此，您可能想要查看分析師對該公司的預測的這個免費可視化。
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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