Are Strong Financial Prospects The Force That Is Driving The Momentum In Century Communities, Inc.'s NYSE:CCS) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In Century Communities, Inc.'s NYSE:CCS) Stock?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Most readers would already be aware that Century Communities' (NYSE:CCS) stock increased significantly by 29% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Century Communities' ROE today.
大多數讀者可能已經注意到，紐交所：CCS的 century communities 股票在過去三個月內大幅增長了29%。由於市場通常會爲公司的長期基本面買單，我們決定研究該公司的關鍵績效指標，以查看它們是否可能影響市場。特別是，我們將關注 century communities 今天的 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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東要考慮的關鍵因素之一是淨資產收益率或roe，因爲它告訴他們公司如何有效地重新投資他們的資本。簡單點說，它衡量了公司與股東權益相關的盈利能力。
How Is ROE Calculated?
淨資產收益率怎麼計算？
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算：
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 Century Communities is:
因此，根據上述公式，century communities 的 roe 爲：
13% = US$323m ÷ US$2.5b (Based on the trailing twelve months to June 2024).
13% = 3.23億美元 ÷ 250億美元（截至2024年6月的過去十二個月）。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.13 in profit.
「回報率」是過去十二個月的利潤。這意味着，針對每1美元的股東權益，該公司產生了0.13美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止，我們已經知道ROE測量公司如何高效地生成利潤。基於公司選擇重新投資或「保留」其利潤的比例，我們能夠評估公司未來生成利潤的能力。假設其他所有因素保持不變，則ROE和利潤保留率越高，公司的增長率也越高，與不一定具備這些特徵的公司相比。
Century Communities' Earnings Growth And 13% ROE
century communities的盈利增長和13%的roe
At first glance, Century Communities seems to have a decent ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 15%. This certainly adds some context to Century Communities' moderate 19% net income growth seen over the past five years.
乍一看，century communities的roe似乎還不錯。與行業進行比較，我們發現行業平均roe也在15%左右。這確實爲過去五年裏century communities適度的19%淨利潤增長增加了一些背景。
As a next step, we compared Century Communities' net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 22% in the same period.
作爲下一步，我們將century communities的淨利潤增長與行業進行了比較，發現該公司在同期與行業平均增長率22%相比具有類似的增長數字。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Century Communities''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是估值股票時需要考慮的重要指標。投資者應該努力確定市場是否已經或者將要反映出盈利的增長或下降。這樣做有助於他們確定股票的未來是充滿希望還是令人憂慮。如果您想了解Century Communities的估值情況，請參考其市盈率與行業的比較。
Is Century Communities Efficiently Re-investing Its Profits?
Century Communities是否高效地重新投資其利潤？
Century Communities' three-year median payout ratio to shareholders is 5.0% (implying that it retains 95% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
Century Communities向股東的三年中位數股息支付比率爲5.0%（說明公司留存了95%的收入），這個比率偏低，因此似乎管理層正在大量重新投資利潤以促進業務增長。
Moreover, Century Communities is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.
此外，從Century Communities連續三年支付股息的悠久歷史來看，該公司決心與股東分享利潤。
Conclusion
結論
In total, we are pretty happy with Century Communities' performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總的來說，我們對century communities的業績非常滿意。特別是，看到公司大舉投資於業務，加上高roe，導致收益大幅增長，這非常棒。儘管如此，研究最新的分析師預測表明，預計公司未來盈利增長將放緩。這些分析師的預期是基於行業的廣泛預期，還是公司的基本面？單擊此處，查看我們公司分析師的預測頁面。
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