How Good Is Medical Properties Trust, Inc. (NYSE:MPW), When It Comes To ROE?
How Good Is Medical Properties Trust, Inc. (NYSE:MPW), When It Comes To ROE?
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. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Medical Properties Trust, Inc. (NYSE:MPW).
我們可以做出的最好的投資之一是我們自己的知識和技能。考慮到這一點，本文將通過我們如何使用公平回報率（ROE）來更好地理解業務。通過實踐學習的方式，我們將看看 ROE 以更好地了解 醫療財產信託有限公司。(紐約時間:MPW).
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company's success at turning shareholder investments into profits.
股權回報率或 ROE 是一個 test 公司如何有效地提高其價值和管理投資者的資金。換句話說，它揭示了該公司在將股東投資轉化為利潤方面的成功。
View our latest analysis for Medical Properties Trust
查看我們對醫療財產信託的最新分析
How To Calculate Return On Equity?
如何計算權益回報率？
The formula for ROE is:
該 對於魚卵配方 是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
權益回報率 = 淨利潤（來自持續經營業務）÷ 股東權益
So, based on the above formula, the ROE for Medical Properties Trust is:
因此，根據上述公式，醫療財產信託的 ROE 是：
5.8% = US$411m ÷ US$7.1b (Based on the trailing twelve months to June 2020).
5.8% = 41 億美元 ÷ 7.1B 美元（以截至二零二零年六月為止的最近十二個月計算）。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.06 in profit.
「回報」是年度利潤。概念化這一點的一種方法是，每 1 美元的股東資本，該公司就賺了 0.06 美元的利潤。
Does Medical Properties Trust Have A Good ROE?
醫療財產信託有良好的 ROE 嗎？
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that Medical Properties Trust has an ROE that is fairly close to the average for the REITs industry (5.4%).
可以說，評估公司 ROE 的最簡單方法是將其與行業中的平均水平進行比較。重要的是，這遠非一個完美的措施，因為公司在同一行業分類中有很大差異。您可以在下圖中看到，醫療財產信託有一個 ROE，是相當接近房地產投資信託行業的平均值 (5.4%).
That's neither particularly good, nor bad. While at least the ROE is not lower than the industry, its still worth checking what role the company's debt plays as high debt levels relative to equity may also make the ROE appear high. If so, this increases its exposure to financial risk.Our risks dashboardshould have the 4 risks we have identified for Medical Properties Trust.
這既不是特別好，也不壞。儘管至少 ROE 不低於行業，但仍值得檢查該公司債務相對於股票的高債務水平所扮演的角色也可能使 ROE 顯得很高。如果是這樣，這會增加其承受財務風險的風險。我們的風險儀表板應具有我們為醫療財產信託確定的 4 風險。
How Does Debt Impact Return On Equity?
債務影響如何對股本的回報？
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 and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
幾乎所有的公司都需要錢投資於業務，增加利潤。現金可以來自發行股票，保留收益或債務。在第一種和第二種情況下，ROE 將反映這種現金用於投資業務。在後一種情況下，增長所需的債務將提高回報，但不會影響股東的權益。因此，使用債務可以改善 ROE，儘管在暴風雨天氣的情況下具有額外的風險，比喻地說。
Medical Properties Trust's Debt And Its 5.8% ROE
醫療財產信託的債務及其 5.8% ROE
Medical Properties Trust clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.09. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.
醫療物業信託基金顯然使用高額債務來提高回報，因為它的債務與權益比率為 1.09。由於 ROE 相當低，並且大量使用債務，目前很難對這項業務感到興奮。債務確實帶來額外的風險，所以當一家公司從中產生一些體面的回報時，它才是真正值得的。
Summary
摘要
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.
股權回報率是我們可以比較不同公司業務質素的一種方法。在我們的書中，儘管債務很低，但最高質量的公司擁有較高的股權回報率。所有其他都是平等的，較高的 ROE 更好。
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. 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 you might want to check this FREEvisualization of analyst forecasts for the company.
話雖如此，儘管 ROE 是業務質量的有用指標，但您必須考慮一系列因素 確定 以合適的價格購買股票。相對於反映在當前價格中的利潤增長的預期，利潤可能增長的速度也必須考慮。因此，您可能需要檢查此免費可視化分析師預測的公司。
But note: Medical Properties Trust 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： 醫療財產信託可能不是購買的最佳股票 。因此，請先看看這個 自由 有趣的公司列表具有高 ROE 和低債務。
This article by Simply Wall St is general in nature. 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.
這篇文章由簡單牆聖是一般性質.它並不構成購買或出售任何股票的建議，也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意，我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。
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譯文內容由第三人軟體翻譯。