<p>在過去三個月中，Davis Commodities (NASDAQ:DTCK) 的股價下跌了 15%，因此很容易忽視它。市場似乎完全忽略了該公司基本面的積極方面，決定更多地關注負面因素。股價通常由公司的長期財務表現驅動，因此我們決定更加關注公司的財務表現。具體來説，我們決定在本文中研究 Davis Commodities 的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是評估公司管理層如何有效利用公司資本的關鍵指標。簡單來説，它用於評估公司相對於其股本的盈利能力。</p>
<h2>ROE 是如何計算的？</h2>
<p><strong>ROE 可以通過以下公式計算：</strong></p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，Davis Commodities 的 ROE 為：</p>
<p>4.0% = 469,000 美元 ÷ 1,200,000 美元（基於截至 2024 年 6 月的過去十二個月）。</p>
<p>“回報” 是年度利潤。可以這樣理解，對於每 1 美元的股東資本，公司賺取了 0.04 美元的利潤。</p>
<p>查看我們對 Davis Commodities 的最新分析</p>
<h2>ROE 與盈利增長之間的關係是什麼？</h2>
<p>到目前為止，我們已經瞭解到 ROE 衡量的是公司產生利潤的效率。我們現在需要評估公司再投資或 “保留” 的利潤多少，以便為未來的增長提供依據，這樣可以讓我們瞭解公司的增長潛力。假設其他條件不變，ROE 和利潤保留越高，公司的增長率就越高，相較於那些不具備這些特徵的公司。</p>
<h2>Davis Commodities 的盈利增長與 4.0% ROE</h2>
<p>很難説 Davis Commodities 的 ROE 本身有多好。即使與行業平均 ROE 15% 相比，該公司的 ROE 也相當慘淡。在這種情況下，Davis Commodities 在過去五年中淨收入下降 16% 並不令人驚訝。我們認為這裏可能還有其他因素在起作用。例如，該公司有非常高的派息比率，或者面臨競爭壓力。</p>
<p>話雖如此，我們將 Davis Commodities 的表現與行業進行了比較，當我們發現該公司在縮減盈利時，行業在同一五年期間的盈利增長率為 11% 時，我們感到擔憂。</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 過去的盈利增長 2025 年 4 月 1 日</p>
<p>對公司估值的基礎在很大程度上與其盈利增長相關。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經反映在價格中。這樣做將幫助他們確定該股票的未來是否看起來有前景或不妙。Davis Commodities 與其他公司相比是否被合理估值？這三項估值指標可能會幫助您做出決定。</p>
<h2>Davis Commodities 是否有效地再投資其利潤？</h2>
<p>Davis Commodities 不支付任何定期股息，這意味着其所有利潤都可能被再投資於業務，這並不能解釋為什麼如果公司保留所有利潤，其盈利卻在縮減。看起來可能還有其他原因來解釋這一點。例如，業務可能正在衰退。</p>
<h2>結論</h2>
<p>總體而言，我們認為 Davis Commodities 的表現可以有多種解讀。雖然該公司確實有較高的再投資率，但低 ROE 意味着所有這些再投資並未給投資者帶來任何好處，而且對盈利增長產生了負面影響。總結來説，我們對這家公司持謹慎態度，採取的一種方式是查看該業務的風險概況。您可以通過訪問我們平台上的 <strong>風險儀表板</strong> 免費查看我們為 Davis Commodities 識別的三項風險。</p>
<p>如果您想交易 Davis Commodities，請在專業人士信任的最低成本平台 Interactive Brokers 開設賬户。</p>
<p>IBKR 在 200 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
<p>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠低於大多數經紀商提供的費用。</p>
<p>贊助內容</p>

DTCK

<p>Davis Commodities Limited (NASDAQ:DTCK) 的股票在過去三個月中下跌了 15%，引發了對其基本面混合狀況的擔憂。該公司的股本回報率（ROE）僅為 4.0%，遠低於行業平均水平的 15%，而且其淨收入在過去五年中下降了 16%。儘管公司保留利潤以進行再投資，但缺乏盈利增長表明可能存在潛在問題。建議投資者謹慎行事，並在交易前考慮公司的風險狀況</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>在過去三個月中，Davis Commodities (NASDAQ:DTCK) 的股價下跌了 15%，因此很容易忽視它。市場似乎完全忽略了該公司基本面的積極方面，決定更多地關注負面因素。股價通常由公司的長期財務表現驅動，因此我們決定更加關注公司的財務表現。具體來説，我們決定在本文中研究 Davis Commodities 的股本回報率（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>股本回報率（ROE）是評估公司管理層如何有效利用公司資本的關鍵指標。簡單來説，它用於評估公司相對於其股本的盈利能力。</p>
</div><h2>How Is ROE Calculated?</h2>
<div class="lb-trans"><h2>ROE 是如何計算的？</h2>
</div><p><strong>ROE can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>ROE 可以通過以下公式計算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for Davis Commodities is:</p>
<div class="lb-trans"><p>因此，根據上述公式，Davis Commodities 的 ROE 為：</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（基於截至 2024 年 6 月的過去十二個月）。</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>“回報” 是年度利潤。可以這樣理解，對於每 1 美元的股東資本，公司賺取了 0.04 美元的利潤。</p>
</div><p>See our latest analysis for Davis Commodities</p>
<div class="lb-trans"><p>查看我們對 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 與盈利增長之間的關係是什麼？</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>到目前為止，我們已經瞭解到 ROE 衡量的是公司產生利潤的效率。我們現在需要評估公司再投資或 “保留” 的利潤多少，以便為未來的增長提供依據，這樣可以讓我們瞭解公司的增長潛力。假設其他條件不變，ROE 和利潤保留越高，公司的增長率就越高，相較於那些不具備這些特徵的公司。</p>
</div><h2>Davis Commodities' Earnings Growth And 4.0% ROE</h2>
<div class="lb-trans"><h2>Davis Commodities 的盈利增長與 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>很難説 Davis Commodities 的 ROE 本身有多好。即使與行業平均 ROE 15% 相比，該公司的 ROE 也相當慘淡。在這種情況下，Davis Commodities 在過去五年中淨收入下降 16% 並不令人驚訝。我們認為這裏可能還有其他因素在起作用。例如，該公司有非常高的派息比率，或者面臨競爭壓力。</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>話雖如此，我們將 Davis Commodities 的表現與行業進行了比較，當我們發現該公司在縮減盈利時，行業在同一五年期間的盈利增長率為 11% 時，我們感到擔憂。</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 過去的盈利增長 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>對公司估值的基礎在很大程度上與其盈利增長相關。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經反映在價格中。這樣做將幫助他們確定該股票的未來是否看起來有前景或不妙。Davis Commodities 與其他公司相比是否被合理估值？這三項估值指標可能會幫助您做出決定。</p>
</div><h2>Is Davis Commodities Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>Davis Commodities 是否有效地再投資其利潤？</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，這意味着其所有利潤都可能被再投資於業務，這並不能解釋為什麼如果公司保留所有利潤，其盈利卻在縮減。看起來可能還有其他原因來解釋這一點。例如，業務可能正在衰退。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>結論</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>總體而言，我們認為 Davis Commodities 的表現可以有多種解讀。雖然該公司確實有較高的再投資率，但低 ROE 意味着所有這些再投資並未給投資者帶來任何好處，而且對盈利增長產生了負面影響。總結來説，我們對這家公司持謹慎態度，採取的一種方式是查看該業務的風險概況。您可以通過訪問我們平台上的 <strong>風險儀表板</strong> 免費查看我們為 Davis Commodities 識別的三項風險。</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，請在專業人士信任的最低成本平台 Interactive Brokers 開設賬户。</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 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</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>享受無隱藏費用、無賬户最低限額，以及低至 0.03% 的外匯轉換率，遠低於大多數經紀商提供的費用。</p>
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市場對 Davis Commodities Limited（納斯達克股票代碼：DTCK）的混合基本面是否容忍度低？