<p><strong>Estic Corporation</strong>（东京证券交易所代码：6161）最近的财报没有带来任何惊喜，过去一周股价保持不变。我们的分析表明，股东可能忽视了财报中的一些积极潜在因素。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/25217621-earnings-and-revenue-history-1-dark/1746495561311?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/25217621-earnings-and-revenue-history-1-dark/1746495561311"/></p>
<p>东京证券交易所：6161 收益和收入历史 2025 年 5 月 6 日</p>
<h2>更深入地了解 Estic 的收益</h2>
<p>许多投资者可能没有听说过 <strong>现金流的应计比率</strong>，但它实际上是衡量公司利润在特定期间内由自由现金流（FCF）支持的有效指标。通俗来说，这个比率是将自由现金流从净利润中减去，然后将该数字除以公司在该期间的平均运营资产。你可以将现金流的应计比率视为 “非自由现金流利润比率”。</p>
<p>因此，当一家公司有负的应计比率时，实际上被认为是好事，而如果其应计比率为正则被视为坏事。虽然应计比率高于零并不令人担忧，但我们认为当一家公司有相对较高的应计比率时值得注意。值得注意的是，有一些学术证据表明，高应计比率通常是短期利润的坏兆头。</p>
<p>截至 2025 年 3 月，Estic 的应计比率为-0.11。这意味着它的现金转换良好，并且表明其自由现金流在去年大大超过了利润。实际上，去年它的自由现金流为 20 亿日元，远高于其法定利润的 11.8 亿日元。值得注意的是，Estic 去年有负的自由现金流，因此它今年产生的 20 亿日元是一个令人欢迎的改善。</p>
<p><strong>注意：</strong> 我们始终建议投资者检查资产负债表的强度。点击这里查看我们对 Estic 的资产负债表分析。</p>
<h2>我们对 Estic 利润表现的看法</h2>
<p>正如我们上面讨论的，Estic 的自由现金流相对于利润是完全令人满意的。因此，我们认为 Estic 的盈利潜力至少和看起来一样好，甚至可能更好！此外，其每股收益在过去三年中以每年 44% 的速度增长。当然，我们在分析其收益时仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。因此，虽然收益质量很重要，但同样重要的是考虑 Estic 目前面临的风险。在 Simply Wall St，我们发现 <strong>Estic 有 2 个警示信号</strong>，我们认为它们值得关注。</p>
<p>这条信息仅关注了一个揭示 Estic 利润性质的单一因素。但还有许多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。因此，你可能希望查看这份 <strong>免费</strong> 的高股本回报率公司集合，或这份高内部持股的股票列表。</p>
<p>如果你想交易 Estic，请在专业人士信赖的最低成本平台 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，让你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，远优于大多数经纪商提供的服务。</p>
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6161

<p>Estic Corporation（东京证券交易所代码：6161）报告了稳定的收益，近期股价保持不变。分析师建议，股东可能会忽视财报中的积极因素。Estic 的应计比率为-0.11，表明现金转换能力强，自由现金流为 20 亿日元，超过法定利润的 11.8 亿日元。尽管之前的现金流为负，但这一改善是显著的。Estic 的每股收益在过去三年中年均增长 44%，但有两个警示信号需要考虑。总体而言，收益潜力看起来强劲，值得进一步分析其他财务因素</p>

<p><strong>Estic Corporation's</strong> (TSE:6161) recent earnings report didn't offer any surprises, with the shares unchanged over the last week. Our analysis suggests that shareholders might be missing some positive underlying factors in the earnings report.</p>
<div class="lb-trans"><p><strong>Estic Corporation</strong>（东京证券交易所代码：6161）最近的财报没有带来任何惊喜，过去一周股价保持不变。我们的分析表明，股东可能忽视了财报中的一些积极潜在因素。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/25217621-earnings-and-revenue-history-1-dark/1746495561311" alt="" original-src="https://images.simplywall.st/asset/chart/25217621-earnings-and-revenue-history-1-dark/1746495561311"/></p>
<p>TSE:6161 Earnings and Revenue History May 6th 2025</p>
<div class="lb-trans"><p>东京证券交易所：6161 收益和收入历史 2025 年 5 月 6 日</p>
</div><h2>A Closer Look At Estic's Earnings</h2>
<div class="lb-trans"><h2>更深入地了解 Estic 的收益</h2>
</div><p>Many investors haven't heard of the <strong>accrual ratio from cashflow</strong>, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'.</p>
<div class="lb-trans"><p>许多投资者可能没有听说过 <strong>现金流的应计比率</strong>，但它实际上是衡量公司利润在特定期间内由自由现金流（FCF）支持的有效指标。通俗来说，这个比率是将自由现金流从净利润中减去，然后将该数字除以公司在该期间的平均运营资产。你可以将现金流的应计比率视为 “非自由现金流利润比率”。</p>
</div><p>Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.</p>
<div class="lb-trans"><p>因此，当一家公司有负的应计比率时，实际上被认为是好事，而如果其应计比率为正则被视为坏事。虽然应计比率高于零并不令人担忧，但我们认为当一家公司有相对较高的应计比率时值得注意。值得注意的是，有一些学术证据表明，高应计比率通常是短期利润的坏兆头。</p>
</div><p>Estic has an accrual ratio of -0.11 for the year to March 2025. That implies it has good cash conversion, and implies that its free cash flow solidly exceeded its profit last year. In fact, it had free cash flow of JP¥2.0b in the last year, which was a lot more than its statutory profit of JP¥1.18b. Notably, Estic had negative free cash flow last year, so the JP¥2.0b it produced this year was a welcome improvement.</p>
<div class="lb-trans"><p>截至 2025 年 3 月，Estic 的应计比率为-0.11。这意味着它的现金转换良好，并且表明其自由现金流在去年大大超过了利润。实际上，去年它的自由现金流为 20 亿日元，远高于其法定利润的 11.8 亿日元。值得注意的是，Estic 去年有负的自由现金流，因此它今年产生的 20 亿日元是一个令人欢迎的改善。</p>
</div><p><strong>Note:</strong> we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Estic.</p>
<div class="lb-trans"><p><strong>注意：</strong> 我们始终建议投资者检查资产负债表的强度。点击这里查看我们对 Estic 的资产负债表分析。</p>
</div><h2>Our Take On Estic's Profit Performance</h2>
<div class="lb-trans"><h2>我们对 Estic 利润表现的看法</h2>
</div><p>As we discussed above, Estic has perfectly satisfactory free cash flow relative to profit. Because of this, we think Estic's earnings potential is at least as good as it seems, and maybe even better! And on top of that, its earnings per share have grown at 44% per year over the last three years. 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 Estic at this point in time. At Simply Wall St, we found <strong>2 warning signs for Estic</strong> and we think they deserve your attention.</p>
<div class="lb-trans"><p>正如我们上面讨论的，Estic 的自由现金流相对于利润是完全令人满意的。因此，我们认为 Estic 的盈利潜力至少和看起来一样好，甚至可能更好！此外，其每股收益在过去三年中以每年 44% 的速度增长。当然，我们在分析其收益时仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。因此，虽然收益质量很重要，但同样重要的是考虑 Estic 目前面临的风险。在 Simply Wall St，我们发现 <strong>Estic 有 2 个警示信号</strong>，我们认为它们值得关注。</p>
</div><p>This note has only looked at a single factor that sheds light on the nature of Estic'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 <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with high insider ownership.</p>
<div class="lb-trans"><p>这条信息仅关注了一个揭示 Estic 利润性质的单一因素。但还有许多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。因此，你可能希望查看这份 <strong>免费</strong> 的高股本回报率公司集合，或这份高内部持股的股票列表。</p>
</div><p>If you're looking to trade Estic, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你想交易 Estic，请在专业人士信赖的最低成本平台 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，让你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>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<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，远优于大多数经纪商提供的服务。</p>
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我们认为 Estic（TSE:6161）的稳健收益可能显得保守