Should We Be Delighted With Kosmos Energy Ltd.'s (NYSE:KOS) ROE Of 23%?
Should We Be Delighted With Kosmos Energy Ltd.'s (NYSE:KOS) ROE Of 23%?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity 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 Kosmos Energy Ltd. (NYSE:KOS).
雖然一些投資者已經對財務指標非常了解（致敬），但本文是爲那些想要學習關於淨利潤（roe）以及它爲何重要的人準備的。通過實踐學習的方式，我們將看看淨利潤來更好地了解紐交所kosmos energy有限公司（紐交所：KOS）。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或roe是一項關鍵指標，用於評估公司管理層使用公司資本的效率。換句話說，它揭示了公司將股東的投資轉化爲利潤的成功。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
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 Kosmos Energy is:
因此，根據上述公式，Kosmos Energy的ROE爲:
23% = US$258m ÷ US$1.1b (Based on the trailing twelve months to June 2024).
23% = 2.58億美元 ÷ 110億美元（基於截至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 $0.23.
「收益」是指過去十二個月稅後賺取的金額。因此，這意味着對於每美元股東投資，該公司能夠創造0.23美元的利潤。
Does Kosmos Energy Have A Good ROE?
kosmos energy的ROE表現如何？
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. Pleasingly, Kosmos Energy has a superior ROE than the average (16%) in the Oil and Gas industry.
判斷一家公司的股東回報率是否良好的一個簡單方法是將其與同行業平均值進行比較。這種方法的侷限性在於，即使在相同行業分類中，一些公司確實有很大不同。令人高興的是，Kosmos Energy的ROE優於石油和天然氣行業的平均水平（16%）。
That's clearly a positive. With that said, a high ROE doesn't always indicate high profitability. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . You can see the 2 risks we have identified for Kosmos Energy by visiting our risks dashboard for free on our platform here.
顯然是個積極的信號。話雖如此，高ROE並不總是表明高盈利能力。公司資本結構中債務比例較高也可能導致高ROE，高債務水平可能是一個巨大風險。您可以訪問我們平台上免費的風險儀表，查看我們爲Kosmos Energy確定的2個風險。
The Importance Of Debt To Return On Equity
債務對股本回報率的重要性
Virtually all companies need money to invest in the business, to grow 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 required for growth will boost returns, but will not impact the shareholders' equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
幾乎所有公司都需要資金來投資業務，以增加利潤。這些資金可以來自發行股票、留存收益或債務。在前兩種情況下，ROE會捕捉到這種資本利用以實現增長。在後一種情況下，用於增長的債務將提高回報，但不會影響股東權益。這種情況下，債務的使用將提高ROE，儘管企業的核心經濟原理保持不變。
Combining Kosmos Energy's Debt And Its 23% Return On Equity
結合kosmos energy的債務與其23%的roe
Kosmos Energy does use a high amount of debt to increase returns. It has a debt to equity ratio of 2.27. While no doubt that its ROE is impressive, we would have been even more impressed had the company achieved this with lower debt. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
kosmos energy確實使用大量債務來提高回報率。其債務股本比爲2.27。毫無疑問，其roe令人印象深刻，但如果公司能夠以更低的債務實現這一點，我們會更加印象深刻。投資者應仔細考慮，如果公司不能輕易借款，其表現如何，因爲信貸市場隨時間會發生變化。
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 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. All else being equal, a higher ROE is better.
回報率是我們比較不同公司業務質量的一種方式。在我們的書籍中，高質量的公司具有高的資本回報率，儘管低債務。其他因素相等的情況下，高ROE越好。
But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free report on analyst forecasts for the company.
但roe只是一個更大難題的一部分，因爲高質量的企業通常會以高的盈利倍數交易。 必須考慮到利潤增長的預期相對於當前價格反映的利潤增長預期的速度。 因此，我認爲檢查這份公司分析師預測的免費報告可能是值得的。
Of course Kosmos Energy may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt.
當然，kosmos energy可能不是最佳買入股票。因此，您可能希望查看這些具有高roe和低債務的其他公司的免費收藏。
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