<p>在过去三个月中，Davis Commodities (NASDAQ:DTCK) 的股价下跌了 15%，因此很容易忽视它。市场似乎完全忽略了该公司基本面的积极方面，决定更多地关注负面因素。股价通常由公司的长期财务表现驱动，因此我们决定更加关注公司的财务表现。具体来说，我们决定在本文中研究 Davis Commodities 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
<h2>ROE 是如何计算的？</h2>
<p><strong>ROE 可以通过以下公式计算：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，Davis Commodities 的 ROE 为：</p>
<p>4.0% = 469,000 美元 ÷ 1,200,000 美元（基于截至 2024 年 6 月的过去十二个月）。</p>
<p>“回报” 是年度利润。可以这样理解，对于每 1 美元的股东资本，公司赚取了 0.04 美元的利润。</p>
<p>查看我们对 Davis Commodities 的最新分析</p>
<h2>ROE 与盈利增长之间的关系是什么？</h2>
<p>到目前为止，我们已经了解到 ROE 衡量的是公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供依据，这样可以让我们了解公司的增长潜力。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不具备这些特征的公司。</p>
<h2>Davis Commodities 的盈利增长与 4.0% ROE</h2>
<p>很难说 Davis Commodities 的 ROE 本身有多好。即使与行业平均 ROE 15% 相比，该公司的 ROE 也相当惨淡。在这种情况下，Davis Commodities 在过去五年中净收入下降 16% 并不令人惊讶。我们认为这里可能还有其他因素在起作用。例如，该公司有非常高的派息比率，或者面临竞争压力。</p>
<p>话虽如此，我们将 Davis Commodities 的表现与行业进行了比较，当我们发现该公司在缩减盈利时，行业在同一五年期间的盈利增长率为 11% 时，我们感到担忧。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1816226133-past-earnings-growth-1-dark/1743510046733?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1816226133-past-earnings-growth-1-dark/1743510046733"/></p>
<p>NasdaqCM:DTCK 过去的盈利增长 2025 年 4 月 1 日</p>
<p>对公司估值的基础在很大程度上与其盈利增长相关。投资者应该尝试确定预期的盈利增长或下降，无论是哪种情况，是否已经反映在价格中。这样做将帮助他们确定该股票的未来是否看起来有前景或不妙。Davis Commodities 与其他公司相比是否被合理估值？这三项估值指标可能会帮助您做出决定。</p>
<h2>Davis Commodities 是否有效地再投资其利润？</h2>
<p>Davis Commodities 不支付任何定期股息，这意味着其所有利润都可能被再投资于业务，这并不能解释为什么如果公司保留所有利润，其盈利却在缩减。看起来可能还有其他原因来解释这一点。例如，业务可能正在衰退。</p>
<h2>结论</h2>
<p>总体而言，我们认为 Davis Commodities 的表现可以有多种解读。虽然该公司确实有较高的再投资率，但低 ROE 意味着所有这些再投资并未给投资者带来任何好处，而且对盈利增长产生了负面影响。总结来说，我们对这家公司持谨慎态度，采取的一种方式是查看该业务的风险概况。您可以通过访问我们平台上的 <strong>风险仪表板</strong> 免费查看我们为 Davis Commodities 识别的三项风险。</p>
<p>如果您想交易 Davis Commodities，请在专业人士信任的最低成本平台 Interactive Brokers 开设账户。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远低于大多数经纪商提供的费用。</p>
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DTCK

<p>Davis Commodities Limited (NASDAQ:DTCK) 的股票在过去三个月中下跌了 15%，引发了对其基本面混合状况的担忧。该公司的股本回报率（ROE）仅为 4.0%，远低于行业平均水平的 15%，而且其净收入在过去五年中下降了 16%。尽管公司保留利润以进行再投资，但缺乏盈利增长表明可能存在潜在问题。建议投资者谨慎行事，并在交易前考虑公司的风险状况</p>

<p>With its stock down 15% over the past three months, it is easy to disregard Davis Commodities (NASDAQ:DTCK). It seems that the market might have completely ignored the positive aspects of the company's fundamentals and decided to weigh-in more on the negative aspects. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Specifically, we decided to study Davis Commodities' ROE in this article.</p>
<div class="lb-trans"><p>在过去三个月中，Davis Commodities (NASDAQ:DTCK) 的股价下跌了 15%，因此很容易忽视它。市场似乎完全忽略了该公司基本面的积极方面，决定更多地关注负面因素。股价通常由公司的长期财务表现驱动，因此我们决定更加关注公司的财务表现。具体来说，我们决定在本文中研究 Davis Commodities 的股本回报率（ROE）。</p>
</div><p>Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</p>
<div class="lb-trans"><p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
</div><h2>How Is ROE Calculated?</h2>
<div class="lb-trans"><h2>ROE 是如何计算的？</h2>
</div><p><strong>ROE can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>ROE 可以通过以下公式计算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for Davis Commodities is:</p>
<div class="lb-trans"><p>因此，根据上述公式，Davis Commodities 的 ROE 为：</p>
</div><p>4.0% = US$469k ÷ US$12m (Based on the trailing twelve months to June 2024).</p>
<div class="lb-trans"><p>4.0% = 469,000 美元 ÷ 1,200,000 美元（基于截至 2024 年 6 月的过去十二个月）。</p>
</div><p>The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.04 in profit.</p>
<div class="lb-trans"><p>“回报” 是年度利润。可以这样理解，对于每 1 美元的股东资本，公司赚取了 0.04 美元的利润。</p>
</div><p>See our latest analysis for Davis Commodities</p>
<div class="lb-trans"><p>查看我们对 Davis Commodities 的最新分析</p>
</div><h2>What Is The Relationship Between ROE And Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与盈利增长之间的关系是什么？</h2>
</div><p>Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or &#34;retains&#34; for future growth which then gives us an idea about the growth potential of the company. 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.</p>
<div class="lb-trans"><p>到目前为止，我们已经了解到 ROE 衡量的是公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供依据，这样可以让我们了解公司的增长潜力。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不具备这些特征的公司。</p>
</div><h2>Davis Commodities' Earnings Growth And 4.0% ROE</h2>
<div class="lb-trans"><h2>Davis Commodities 的盈利增长与 4.0% ROE</h2>
</div><p>It is hard to argue that Davis Commodities' ROE is much good in and of itself. Even compared to the average industry ROE of 15%, the company's ROE is quite dismal. Given the circumstances, the significant decline in net income by 16% seen by Davis Commodities over the last five years is not surprising. We reckon that there could also be other factors at play here. For instance, the company has a very high payout ratio, or is faced with competitive pressures.</p>
<div class="lb-trans"><p>很难说 Davis Commodities 的 ROE 本身有多好。即使与行业平均 ROE 15% 相比，该公司的 ROE 也相当惨淡。在这种情况下，Davis Commodities 在过去五年中净收入下降 16% 并不令人惊讶。我们认为这里可能还有其他因素在起作用。例如，该公司有非常高的派息比率，或者面临竞争压力。</p>
</div><p>That being said, we compared Davis Commodities' performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 11% in the same 5-year period.</p>
<div class="lb-trans"><p>话虽如此，我们将 Davis Commodities 的表现与行业进行了比较，当我们发现该公司在缩减盈利时，行业在同一五年期间的盈利增长率为 11% 时，我们感到担忧。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1816226133-past-earnings-growth-1-dark/1743510046733" alt="" original-src="https://images.simplywall.st/asset/chart/1816226133-past-earnings-growth-1-dark/1743510046733"/></p>
<p>NasdaqCM:DTCK Past Earnings Growth April 1st 2025</p>
<div class="lb-trans"><p>NasdaqCM:DTCK 过去的盈利增长 2025 年 4 月 1 日</p>
</div><p>The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Davis Commodities fairly valued compared to other companies? These 3 valuation measures might help you decide.</p>
<div class="lb-trans"><p>对公司估值的基础在很大程度上与其盈利增长相关。投资者应该尝试确定预期的盈利增长或下降，无论是哪种情况，是否已经反映在价格中。这样做将帮助他们确定该股票的未来是否看起来有前景或不妙。Davis Commodities 与其他公司相比是否被合理估值？这三项估值指标可能会帮助您做出决定。</p>
</div><h2>Is Davis Commodities Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>Davis Commodities 是否有效地再投资其利润？</h2>
</div><p>Davis Commodities doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.</p>
<div class="lb-trans"><p>Davis Commodities 不支付任何定期股息，这意味着其所有利润都可能被再投资于业务，这并不能解释为什么如果公司保留所有利润，其盈利却在缩减。看起来可能还有其他原因来解释这一点。例如，业务可能正在衰退。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>On the whole, we feel that the performance shown by Davis Commodities can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. You can see the 3 risks we have identified for Davis Commodities by visiting our <strong>risks dashboard</strong> for free on our platform here.</p>
<div class="lb-trans"><p>总体而言，我们认为 Davis Commodities 的表现可以有多种解读。虽然该公司确实有较高的再投资率，但低 ROE 意味着所有这些再投资并未给投资者带来任何好处，而且对盈利增长产生了负面影响。总结来说，我们对这家公司持谨慎态度，采取的一种方式是查看该业务的风险概况。您可以通过访问我们平台上的 <strong>风险仪表板</strong> 免费查看我们为 Davis Commodities 识别的三项风险。</p>
</div><p>If you're looking to trade Davis Commodities, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果您想交易 Davis Commodities，请在专业人士信任的最低成本平台 Interactive Brokers 开设账户。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
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<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远低于大多数经纪商提供的费用。</p>
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市场对 Davis Commodities Limited（纳斯达克股票代码：DTCK）的混合基本面是否容忍度低？