<p><strong>Gerresheimer AG</strong>（ETR:GXI）最近的疲軟財報並未引起股價大幅波動。然而，我們認為投資者應關注一些潛在的令人擔憂的因素。</p>
<p>我們的免費股票報告包含投資者在投資 Gerresheimer 之前應注意的 4 個警示信號。現在可以免費閲讀。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076?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/144218-earnings-and-revenue-history-1-dark/1745050763076"/></p>
<p>XTRA:GXI 收益和收入歷史 2025 年 4 月 19 日</p>
<h2>深入瞭解 Gerresheimer 的收益</h2>
<p>一個用於衡量公司將利潤轉化為自由現金流（FCF）能力的關鍵財務比率是 <strong>應計比率</strong>。簡單來説，這個比率是將自由現金流從淨利潤中減去，然後將該數字除以公司在該期間的平均運營資產。你可以將現金流的應計比率視為 “非自由現金流利潤比率”。</p>
<p>這意味着負的應計比率是好事，因為它表明公司帶來的自由現金流超過了其利潤所暗示的水平。雖然擁有正的應計比率並不成問題，表明存在一定程度的非現金利潤，但高應計比率可以説是壞事，因為它表明紙面利潤與現金流不匹配。引用 Lewellen 和 Resutek 在 2014 年的一篇論文，“應計較高的公司未來往往盈利能力較差”。</p>
<p>在截至 2025 年 2 月的 12 個月中，Gerresheimer 的應計比率為 0.21。不幸的是，這意味着其自由現金流顯著低於報告的利潤。儘管報告了 7870 萬歐元的利潤，但自由現金流顯示其實際上在過去一年中消耗了 5.49 億歐元。我們還注意到，Gerresheimer 去年的自由現金流實際上也是負的，因此我們可以理解股東對其 5.49 億歐元的流出感到困擾。</p>
<p>這可能讓你想知道分析師對未來盈利能力的預測。幸運的是，你可以點擊這裏查看基於他們估計的未來盈利能力的互動圖表。</p>
<h2>我們對 Gerresheimer 盈利表現的看法</h2>
<p>Gerresheimer 過去 12 個月的應計比率表明現金轉化不理想，這在我們對其收益的看法中是一個負面因素。因此，我們認為 Gerresheimer 的法定利潤可能優於其潛在的盈利能力。更糟糕的是，其每股收益在過去一年中有所下降。歸根結底，如果你想正確理解這家公司，考慮的不僅僅是上述因素是至關重要的。請記住，在分析股票時，值得注意的是相關的風險。請注意，Gerresheimer 在我們的投資分析中顯示出 <strong>4 個警示信號</strong>，其中 2 個信號有些不愉快……</p>
<p>這篇文章僅關注了一個揭示 Gerresheimer 利潤性質的單一因素。但如果你能夠專注於細節，總會有更多的發現。例如，許多人認為高股本回報率是良好商業經濟的標誌，而其他人則喜歡 “追蹤資金”，尋找內部人士正在購買的股票。雖然這可能需要你進行一些研究，但你可能會發現這份 <strong>免費</strong> 的高股本回報率公司集合，或這份內部持股顯著的股票列表對你有幫助。</p>
<p>如果你打算交易 Gerresheimer，請在專業人士信賴的最低成本平台 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，讓你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，無賬户最低要求，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的水平。</p>
<p>贊助內容</p>

<p>Gerresheimer AG (ETR:GXI) 報告了疲弱的收益，令投資者感到擔憂。儘管利潤為 7870 萬歐元，但公司面臨嚴重的現金流問題，去年消耗了 5.49 億歐元，導致負的應計比率為 0.21。這表明其報告的利潤可能無法反映其實際的盈利能力。此外，每股收益下降，公司顯示出四個警示信號，其中兩個令人擔憂。投資者在投資 Gerresheimer 之前，建議考慮這些因素</p>

<p><strong>Gerresheimer AG's</strong> (ETR:GXI) recent weak earnings report didn't cause a big stock movement. However, we believe that investors should be aware of some underlying factors which may be of concern.</p>
<div class="lb-trans"><p><strong>Gerresheimer AG</strong>（ETR:GXI）最近的疲軟財報並未引起股價大幅波動。然而，我們認為投資者應關注一些潛在的令人擔憂的因素。</p>
</div><p>Our free stock report includes 4 warning signs investors should be aware of before investing in Gerresheimer. Read for free now.</p>
<div class="lb-trans"><p>我們的免費股票報告包含投資者在投資 Gerresheimer 之前應注意的 4 個警示信號。現在可以免費閲讀。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076" alt="" original-src="https://images.simplywall.st/asset/chart/144218-earnings-and-revenue-history-1-dark/1745050763076"/></p>
<p>XTRA:GXI Earnings and Revenue History April 19th 2025</p>
<div class="lb-trans"><p>XTRA:GXI 收益和收入歷史 2025 年 4 月 19 日</p>
</div><h2>A Closer Look At Gerresheimer's Earnings</h2>
<div class="lb-trans"><h2>深入瞭解 Gerresheimer 的收益</h2>
</div><p>One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the <strong>accrual ratio</strong>. 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>一個用於衡量公司將利潤轉化為自由現金流（FCF）能力的關鍵財務比率是 <strong>應計比率</strong>。簡單來説，這個比率是將自由現金流從淨利潤中減去，然後將該數字除以公司在該期間的平均運營資產。你可以將現金流的應計比率視為 “非自由現金流利潤比率”。</p>
</div><p>That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, &#34;firms with higher accruals tend to be less profitable in the future&#34;.</p>
<div class="lb-trans"><p>這意味着負的應計比率是好事，因為它表明公司帶來的自由現金流超過了其利潤所暗示的水平。雖然擁有正的應計比率並不成問題，表明存在一定程度的非現金利潤，但高應計比率可以説是壞事，因為它表明紙面利潤與現金流不匹配。引用 Lewellen 和 Resutek 在 2014 年的一篇論文，“應計較高的公司未來往往盈利能力較差”。</p>
</div><p>Over the twelve months to February 2025, Gerresheimer recorded an accrual ratio of 0.21. Unfortunately, that means its free cash flow fell significantly short of its reported profits. Even though it reported a profit of €78.7m, a look at free cash flow indicates it actually burnt through €549m in the last year. We also note that Gerresheimer's free cash flow was actually negative last year as well, so we could understand if shareholders were bothered by its outflow of €549m.</p>
<div class="lb-trans"><p>在截至 2025 年 2 月的 12 個月中，Gerresheimer 的應計比率為 0.21。不幸的是，這意味着其自由現金流顯著低於報告的利潤。儘管報告了 7870 萬歐元的利潤，但自由現金流顯示其實際上在過去一年中消耗了 5.49 億歐元。我們還注意到，Gerresheimer 去年的自由現金流實際上也是負的，因此我們可以理解股東對其 5.49 億歐元的流出感到困擾。</p>
</div><p>That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.</p>
<div class="lb-trans"><p>這可能讓你想知道分析師對未來盈利能力的預測。幸運的是，你可以點擊這裏查看基於他們估計的未來盈利能力的互動圖表。</p>
</div><h2>Our Take On Gerresheimer's Profit Performance</h2>
<div class="lb-trans"><h2>我們對 Gerresheimer 盈利表現的看法</h2>
</div><p>Gerresheimer's accrual ratio for the last twelve months signifies cash conversion is less than ideal, which is a negative when it comes to our view of its earnings. Because of this, we think that it may be that Gerresheimer's statutory profits are better than its underlying earnings power. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Be aware that Gerresheimer is showing <strong>4 warning signs in our investment analysis</strong> and 2 of those are a bit unpleasant...</p>
<div class="lb-trans"><p>Gerresheimer 過去 12 個月的應計比率表明現金轉化不理想，這在我們對其收益的看法中是一個負面因素。因此，我們認為 Gerresheimer 的法定利潤可能優於其潛在的盈利能力。更糟糕的是，其每股收益在過去一年中有所下降。歸根結底，如果你想正確理解這家公司，考慮的不僅僅是上述因素是至關重要的。請記住，在分析股票時，值得注意的是相關的風險。請注意，Gerresheimer 在我們的投資分析中顯示出 <strong>4 個警示信號</strong>，其中 2 個信號有些不愉快……</p>
</div><p>This note has only looked at a single factor that sheds light on the nature of Gerresheimer's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.</p>
<div class="lb-trans"><p>這篇文章僅關注了一個揭示 Gerresheimer 利潤性質的單一因素。但如果你能夠專注於細節，總會有更多的發現。例如，許多人認為高股本回報率是良好商業經濟的標誌，而其他人則喜歡 “追蹤資金”，尋找內部人士正在購買的股票。雖然這可能需要你進行一些研究，但你可能會發現這份 <strong>免費</strong> 的高股本回報率公司集合，或這份內部持股顯著的股票列表對你有幫助。</p>
</div><p>If you're looking to trade Gerresheimer, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你打算交易 Gerresheimer，請在專業人士信賴的最低成本平台 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，讓你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，無賬户最低要求，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的水平。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>贊助內容</p>
</div>

盈利問題可能預示着 Gerresheimer（ETR:GXI）股東將面臨更大的問題