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Is Vertex, Inc.'s (NASDAQ:VERX) ROE Of 12% Impressive?

Is Vertex, Inc.'s (NASDAQ:VERX) ROE Of 12% Impressive?

Vertex, Inc.(納斯達克:VERX)的roe爲12%令人印象深刻嗎?
Simply Wall St ·  12/06 19:11

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine Vertex, Inc. (NASDAQ:VERX), by way of a worked example.

我們可以做的最好的投資之一就是投資於自己的知識和技能。有了這個想法,本文將介紹如何利用淨資產收益率(roe)來更好地理解一個業務。我們將使用roe來審視Vertex, Inc. (納斯達克: VERX),通過一個實例來說明。

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 Do You Calculate Return On Equity?

如何計算淨資產收益率?

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(來自持續經營) ÷ 股東權益

So, based on the above formula, the ROE for Vertex is:

所以,根據上述公式,Vertex的ROE爲:

12% = US$30m ÷ US$259m (Based on the trailing twelve months to September 2024).

12% = 3000萬美元 ÷ 25900萬美元(截至2024年9月的過去十二個月)。

The 'return' is the profit over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.12.

「回報」是過去十二個月的利潤。 因此,這意味着針對其股東投資的每1美元,公司可以獲得0.12美元的利潤。

Does Vertex Have A Good Return On Equity?

Vertex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. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. You can see in the graphic below that Vertex has an ROE that is fairly close to the average for the Software industry (12%).

通過將公司的roe與其行業平均值進行比較,我們可以迅速衡量其優劣。 這種方法的侷限性在於,有些公司與同一行業分類中的其他公司相比有很大區別。 您可以在下面的圖表中看到,Vertex的roe與軟件行業(12%)的平均值相當接近。

big
NasdaqGM:VERX Return on Equity December 6th 2024
NasdaqGM:VERX 2024年12月6日roe

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 a company takes on too much debt, it is at higher risk of defaulting on interest payments. You can see the 2 risks we have identified for Vertex by visiting our risks dashboard for free on our platform here.

這並不是令人驚歎的,但也值得尊重。 即使與行業相比,roe值可觀,但值得檢查公司的roe是否受到高負債水平的支持。 如果一家公司承擔過多債務,就更有可能無法按時支付利息。 您可以免費訪問我們平台上的風險特斯拉-儀表,了解我們已經爲Vertex確定的2個風險。

Why You Should Consider Debt When Looking At ROE

爲什麼在觀察ROE時你應該考慮債務問題?

Virtually all companies need money to invest in the business, to grow profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. 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。這筆資金可以來自留存收益、發行新股(股權)或債務。在前兩種情況下,roe將捕捉到這種資本用於增長。在後一種情況下,用於增長的債務將提高回報率,但不會影響總股東權益。因此,債務的使用可以提高roe,儘管在像暴風雨般的惡劣天氣情況下會伴隨額外風險,可以比喻爲。

Vertex's Debt And Its 12% ROE

Vertex的債務及其12% roe

Vertex clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.29. The combination of a rather low ROE and significant use of debt is not particularly appealing. 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.

Vertex顯然使用大量債務來提高回報率,因爲其資產負債比爲1.29。 相對較低的roe和大量使用債務的組合並不特別吸引人。 投資者應認真思考一家公司如果不能輕鬆借款會有怎樣的表現,因爲信貸市場隨時間會發生變化。

Conclusion

結論

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. 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.

股本收益率是我們可以比較不同公司業務質量的一種方式。在我們書中,具有高股本收益率的最高質量公司,儘管負債率低。如果兩家公司的負債與股權水平大致相同,並且其中一家公司的ROE更高,我通常會更喜歡ROE更高的公司。

Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. 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.

雖然ROE是業務質量的有用指標,但您需要考慮一整套因素來確定購買股票的正確價格。盈利增長率與價格反映的預期是特別重要的考慮因素。因此,您可能需要查看該公司的分析師預測的免費可視化內容。

But note: Vertex may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

但請注意:Vertex可能不是最好的股票買入。所以看一下這份免費的有高roe和低債務的有趣公司名單。

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.

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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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