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Bunge Global's (NYSE:BG) Conservative Accounting Might Explain Soft Earnings

Bunge Global's (NYSE:BG) Conservative Accounting Might Explain Soft Earnings

邦吉全球(紐交所:BG)保守的會計處理方法可能解釋了低迷的收益。
Simply Wall St ·  11/06 18:56

The most recent earnings report from Bunge Global SA (NYSE:BG) was disappointing for shareholders. Despite the soft profit numbers, our analysis has optimistic about the overall quality of the income statement.

邦吉全球有限公司(NYSE:BG)最近的收益報告令股東們感到失望。儘管利潤數字偏低,但我們的分析對收入報表的整體質量持樂觀態度。

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NYSE:BG Earnings and Revenue History November 6th 2024
紐交所:BG 收益和營業收入歷史 2024年11月6日

The Impact Of Unusual Items On Profit

除了稀釋之外,還應該注意的是,萬集科技在過去12個月中因不尋常項目獲得了價值人民幣3.5萬元的利潤。雖然我們希望看到利潤增加,但當這些不尋常項目對利潤做出重大貢獻時,我們會更加謹慎。我們對全球大部分上市公司的數據進行了分析,發現不尋常項目往往是一次性的。這正如我們所期望的那樣,因爲這些提升被描述爲"不尋常"。相對於其利潤而言,萬集科技在2021年12月前的不尋常項目貢獻大。因此,我們可以推斷出,這些不尋常項目正在使其財務利潤顯著增強。

To properly understand Bunge Global's profit results, we need to consider the US$379m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect Bunge Global to produce a higher profit next year, all else being equal.

要正確理解邦吉全球的利潤結果,我們需要考慮到所歸因於飛凡項目的37900萬美元費用。看到飛凡項目影響公司利潤並不是好事,但值得一提的是,情況可能會比預期的更快改善。我們研究過成千上萬家上市公司,發現飛凡項目往往是一次性的。歸根結底,這正是會計術語所暗示的。假設這些飛凡費用不再出現,我們因此預期邦吉全球在其他條件不變的情況下明年將產生更高的利潤。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。

Our Take On Bunge Global's Profit Performance

我們對邦吉全球的利潤表現的看法

Because unusual items detracted from Bunge Global's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Bunge Global's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So while earnings quality is important, it's equally important to consider the risks facing Bunge Global at this point in time. You'd be interested to know, that we found 1 warning sign for Bunge Global and you'll want to know about it.

由於飛凡全球過去一年受到非一般項目的影響,因此我們可以預期當前季度將會有改善的業績。基於這一觀察結果,我們認爲飛凡全球的正式利潤實際上低估了其盈利潛力!不幸的是,過去一年其每股收益實際上有所下降。當然,在分析其盈利方面,我們只是觸及了表面;人們也可以考慮邊際、預測增長和投資回報率等其他因素。因此,儘管盈利質量很重要,但在當前這個時點考慮飛凡全球面臨的風險同樣重要。您可能會感興趣知道,我們發現了1個飛凡全球的警示信號,您可能想了解一下。

This note has only looked at a single factor that sheds light on the nature of Bunge Global's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.

本說明僅涵蓋了揭示飛凡全球利潤性質的單一因素。但還有許多其他方法可以幫助您了解一個公司。有些人認爲高淨資產收益率是一家優質企業的良好跡象。因此,您可能希望查看這些擁有高淨資產收益率的公司的免費收藏,或者查看這些擁有高內部持股的股票清單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

譯文內容由第三人軟體翻譯。


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