<p>大多数读者可能已经知道，TOA（东京证券交易所代码：1885）的股票在过去一个月内显著上涨了 24%。鉴于公司表现出色，我们决定更仔细地研究其财务指标，因为公司的长期财务健康通常决定市场结果。在本文中，我们决定重点关注 TOA 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简而言之，ROE 显示了每一美元的股东投资所产生的利润。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>股本回报率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，TOA 的 ROE 为：</p>
<p>15% = JP¥16b ÷ JP¥108b（基于截至 2025 年 9 月的过去十二个月）。</p>
<p>“回报” 指的是公司在过去一年中的收益。换句话说，对于每 1 日元的股本，公司能够赚取 0.15 日元的利润。</p>
<p>查看我们对 TOA 的最新分析</p>
<h2>ROE 与收益增长之间的关系是什么？</h2>
<p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。根据公司再投资或 “保留” 这些利润的多少，以及其效率如何，我们能够评估公司的收益增长潜力。一般来说，在其他条件相同的情况下，具有高股本回报率和利润保留的公司，其增长率通常高于不具备这些特征的公司。</p>
<h2>TOA 的收益增长与 15% ROE 的并排比较</h2>
<p>乍一看，TOA 似乎拥有不错的 ROE。此外，该公司的 ROE 与行业平均水平 9.1% 相比相当有利。这无疑为 TOA 在过去五年中实现的 23% 的净收入增长提供了一些背景。我们认为这里可能还有其他因素在起作用。例如，公司有较低的派息比率或管理效率较高。</p>
<p>我们随后将 TOA 的净收入增长与行业进行了比较，令人欣慰的是，该公司的增长数字高于行业在同一五年期间的 7.4% 的增长率。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874665-past-earnings-growth-1-dark-2/1763070390132?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/874665-past-earnings-growth-1-dark-2/1763070390132"/></p>
<p>东京证券交易所：1885 过去的收益增长 2025 年 11 月 13 日</p>
<p>收益增长是股票估值的一个重要因素。投资者接下来需要确定的是，预期的收益增长或缺乏收益增长是否已经反映在股价中。这有助于他们判断该股票的未来是光明还是黯淡。TOA 与其他公司相比是否被合理估值？这三个估值指标可能会帮助您做出决定。</p>
<h2>TOA 是否有效利用其留存收益？</h2>
<p>TOA 的三年中位派息比率为 35%，这相对较低。公司保留了剩余的 65%。这表明其股息得到了很好的覆盖，并且考虑到我们上面讨论的高增长，TOA 似乎有效地再投资了其收益。</p>
<p>此外，TOA 已经连续支付股息至少十年。这表明公司致力于与股东分享利润。</p>
<h2>总结</h2>
<p>总体而言，我们对 TOA 的表现感到相当满意。具体来说，我们喜欢公司以高回报率再投资其大量利润。这当然导致公司在收益上实现了显著增长。尽管如此，最新的分析师预测研究显示，公司未来的收益增长预计将放缓。要了解更多关于公司未来收益增长预测的信息，请查看这份 <strong>免费</strong> 的分析师预测报告。</p>

6809

<p>TOA Corporation 的股票上个月上涨了 24%，引发了对其财务健康状况的更深入关注。该公司的净资产收益率（ROE）为 15%，高于行业平均水平的 9.1%，表明其盈利和管理效率良好。TOA 在过去五年的净收入增长率为 23%，超过了行业的 7.4%。由于其低分红比率为 35%，TOA 将 65% 的收益再投资，以支持其增长。尽管表现积极，但根据分析师的预测，未来的盈利增长可能会放缓</p>

<p>Most readers would already be aware that TOA's (TSE:1885) stock increased significantly by 24% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on TOA's ROE.</p>
<div class="lb-trans"><p>大多数读者可能已经知道，TOA（东京证券交易所代码：1885）的股票在过去一个月内显著上涨了 24%。鉴于公司表现出色，我们决定更仔细地研究其财务指标，因为公司的长期财务健康通常决定市场结果。在本文中，我们决定重点关注 TOA 的股本回报率（ROE）。</p>
</div><p>Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.</p>
<div class="lb-trans"><p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简而言之，ROE 显示了每一美元的股东投资所产生的利润。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><h2>How To Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回报率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 TOA is:</p>
<div class="lb-trans"><p>因此，根据上述公式，TOA 的 ROE 为：</p>
</div><p>15% = JP¥16b ÷ JP¥108b (Based on the trailing twelve months to September 2025).</p>
<div class="lb-trans"><p>15% = JP¥16b ÷ JP¥108b（基于截至 2025 年 9 月的过去十二个月）。</p>
</div><p>The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every ¥1 worth of equity, the company was able to earn ¥0.15 in profit.</p>
<div class="lb-trans"><p>“回报” 指的是公司在过去一年中的收益。换句话说，对于每 1 日元的股本，公司能够赚取 0.15 日元的利润。</p>
</div><p>Check out our latest analysis for TOA</p>
<div class="lb-trans"><p>查看我们对 TOA 的最新分析</p>
</div><h2>What Is The Relationship Between ROE And Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与收益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. Depending on how much of these profits the company reinvests or &#34;retains&#34;, and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。根据公司再投资或 “保留” 这些利润的多少，以及其效率如何，我们能够评估公司的收益增长潜力。一般来说，在其他条件相同的情况下，具有高股本回报率和利润保留的公司，其增长率通常高于不具备这些特征的公司。</p>
</div><h2>A Side By Side comparison of TOA's Earnings Growth And 15% ROE</h2>
<div class="lb-trans"><h2>TOA 的收益增长与 15% ROE 的并排比较</h2>
</div><p>At first glance, TOA seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 9.1%. This certainly adds some context to TOA's exceptional 23% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.</p>
<div class="lb-trans"><p>乍一看，TOA 似乎拥有不错的 ROE。此外，该公司的 ROE 与行业平均水平 9.1% 相比相当有利。这无疑为 TOA 在过去五年中实现的 23% 的净收入增长提供了一些背景。我们认为这里可能还有其他因素在起作用。例如，公司有较低的派息比率或管理效率较高。</p>
</div><p>We then compared TOA's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 7.4% in the same 5-year period.</p>
<div class="lb-trans"><p>我们随后将 TOA 的净收入增长与行业进行了比较，令人欣慰的是，该公司的增长数字高于行业在同一五年期间的 7.4% 的增长率。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874665-past-earnings-growth-1-dark-2/1763070390132" alt="" original-src="https://images.simplywall.st/asset/chart/874665-past-earnings-growth-1-dark-2/1763070390132"/></p>
<p>TSE:1885 Past Earnings Growth November 13th 2025</p>
<div class="lb-trans"><p>东京证券交易所：1885 过去的收益增长 2025 年 11 月 13 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is TOA fairly valued compared to other companies? These 3 valuation measures might help you decide.</p>
<div class="lb-trans"><p>收益增长是股票估值的一个重要因素。投资者接下来需要确定的是，预期的收益增长或缺乏收益增长是否已经反映在股价中。这有助于他们判断该股票的未来是光明还是黯淡。TOA 与其他公司相比是否被合理估值？这三个估值指标可能会帮助您做出决定。</p>
</div><h2>Is TOA Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>TOA 是否有效利用其留存收益？</h2>
</div><p>The three-year median payout ratio for TOA is 35%, which is moderately low. The company is retaining the remaining 65%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like TOA is reinvesting its earnings efficiently.</p>
<div class="lb-trans"><p>TOA 的三年中位派息比率为 35%，这相对较低。公司保留了剩余的 65%。这表明其股息得到了很好的覆盖，并且考虑到我们上面讨论的高增长，TOA 似乎有效地再投资了其收益。</p>
</div><p>Besides, TOA has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.</p>
<div class="lb-trans"><p>此外，TOA 已经连续支付股息至少十年。这表明公司致力于与股东分享利润。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>总结</h2>
</div><p>Overall, we are quite pleased with TOA's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>总体而言，我们对 TOA 的表现感到相当满意。具体来说，我们喜欢公司以高回报率再投资其大量利润。这当然导致公司在收益上实现了显著增长。尽管如此，最新的分析师预测研究显示，公司未来的收益增长预计将放缓。要了解更多关于公司未来收益增长预测的信息，请查看这份 <strong>免费</strong> 的分析师预测报告。</p>
</div>

TOA 株式会社（TSE:1885）的最新股票表现是否反映了其财务健康状况？