<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/52BCF213-7878-4093-82D8-FE59A807B535/chart/price-vs-fair-value?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/company/52BCF213-7878-4093-82D8-FE59A807B535/chart/price-vs-fair-value"/></p>
<p>TSE:8084 1 年股價與公允價值對比</p>
<p>探索來自社區的 Ryoden 公允價值並選擇您的觀點</p>
<p>軟弱的收益似乎並沒有讓 <strong>Ryoden Corporation</strong>（TSE:8084）的股東感到擔憂。我們的分析表明，儘管利潤較弱，但公司的基礎依然強勁。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880951-earnings-and-revenue-history-1-dark-2/1754885009801?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/880951-earnings-and-revenue-history-1-dark-2/1754885009801"/></p>
<p>TSE:8084 收益和收入歷史 2025 年 8 月 11 日</p>
<h2>深入瞭解 Ryoden 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。這個比率告訴我們公司有多少利潤並沒有得到自由現金流的支持。</p>
<p>因此，負的應計比率對公司是積極的，而正的應計比率則是消極的。這並不是説我們應該擔心正的應計比率，但值得注意的是應計比率相對較高。值得注意的是，有一些學術證據表明，高應計比率通常是短期利潤的壞兆頭。</p>
<p>截至 2025 年 6 月，Ryoden 的應計比率為-0.24。這表明其自由現金流顯著超過了法定利潤。實際上，在過去的 12 個月中，它報告的自由現金流為 200 億日元，遠高於其報告的 48.4 億日元利潤。Ryoden 的股東無疑對過去 12 個月自由現金流的改善感到滿意。儘管如此，事情還有更多的細節。我們可以看到，異常項目影響了其法定利潤，因此也影響了應計比率。</p>
<p>查看我們對 Ryoden 的最新分析</p>
<p><strong>注意：</strong> 我們始終建議投資者檢查資產負債表的強度。點擊這裏查看我們對 Ryoden 的資產負債表分析。</p>
<h2>異常項目對利潤的影響</h2>
<p>雖然應計比率可能預示着良好，但我們也注意到 Ryoden 的利潤在過去 12 個月中因異常項目而增加了 8.32 億日元。我們不能否認，較高的利潤通常讓我們感到樂觀，但我們更希望利潤是可持續的。當我們分析全球絕大多數上市公司時，我們發現顯著的異常項目通常不會重複。這是可以預期的，因為這些提升被稱為 “異常”。假設這些異常項目在當前年度不再出現，我們預計明年的利潤將會較弱（在沒有業務增長的情況下）。</p>
<h2>我們對 Ryoden 利潤表現的看法</h2>
<p>Ryoden 的利潤因異常項目而受到提升，這表明這些利潤可能無法持續，但其應計比率仍然顯示出良好的現金轉化，這令人鼓舞。考慮到上述所有因素，我們認為 Ryoden 的利潤結果是其真實盈利能力的一個相當不錯的指引，儘管有些保守。如果您想了解更多關於 Ryoden 作為一家企業的信息，瞭解它面臨的風險是很重要的。每家公司都有風險，我們發現了 <strong>1 個 Ryoden 的警示信號</strong>，您應該瞭解。</p>
<p>我們對 Ryoden 的審查集中在某些因素上，這些因素可能使其收益看起來比實際情況更好。但如果您能夠專注於細節，總會有更多的發現。有些人認為高股本回報率是優質企業的良好標誌。因此，您可能希望查看這份 <strong>免費</strong> 的高股本回報率公司集合，或這份高內部持股的股票列表。</p>

8084

<p>瑞電株式會社（TSE:8084）報告了疲軟的收益，但由於強勁的業務基本面，股東們對此並不擔憂。該公司的應計比率為-0.24，表明自由現金流顯著超過法定利潤，自由現金流為 200 億日元，而利潤為 48.4 億日元。然而，利潤受到價值 832 百萬日元的非常規項目的推動，這引發了對可持續性的擔憂。分析師建議，儘管現金轉換良好，但未來的利潤可能在沒有這些非常規推動的情況下較弱。投資者被建議考慮潛在風險以及公司的資產負債表實力</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/52BCF213-7878-4093-82D8-FE59A807B535/chart/price-vs-fair-value" alt="" original-src="https://images.simplywall.st/company/52BCF213-7878-4093-82D8-FE59A807B535/chart/price-vs-fair-value"/></p>
<p>TSE:8084 1 Year Share Price vs Fair Value</p>
<div class="lb-trans"><p>TSE:8084 1 年股價與公允價值對比</p>
</div><p>Explore Ryoden's Fair Values from the Community and select yours</p>
<div class="lb-trans"><p>探索來自社區的 Ryoden 公允價值並選擇您的觀點</p>
</div><p>Soft earnings didn't appear to concern <strong>Ryoden Corporation's</strong> (TSE:8084) shareholders over the last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong.</p>
<div class="lb-trans"><p>軟弱的收益似乎並沒有讓 <strong>Ryoden Corporation</strong>（TSE:8084）的股東感到擔憂。我們的分析表明，儘管利潤較弱，但公司的基礎依然強勁。</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>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880951-earnings-and-revenue-history-1-dark-2/1754885009801" alt="" original-src="https://images.simplywall.st/asset/chart/880951-earnings-and-revenue-history-1-dark-2/1754885009801"/></p>
<p>TSE:8084 Earnings and Revenue History August 11th 2025</p>
<div class="lb-trans"><p>TSE:8084 收益和收入歷史 2025 年 8 月 11 日</p>
</div><h2>A Closer Look At Ryoden's Earnings</h2>
<div class="lb-trans"><h2>深入瞭解 Ryoden 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. This ratio tells us how much of a company's profit is not backed by free cashflow.</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。這個比率告訴我們公司有多少利潤並沒有得到自由現金流的支持。</p>
</div><p>As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. 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，負的應計比率對公司是積極的，而正的應計比率則是消極的。這並不是説我們應該擔心正的應計比率，但值得注意的是應計比率相對較高。值得注意的是，有一些學術證據表明，高應計比率通常是短期利潤的壞兆頭。</p>
</div><p>For the year to June 2025, Ryoden had an accrual ratio of -0.24. That indicates that its free cash flow quite significantly exceeded its statutory profit. Indeed, in the last twelve months it reported free cash flow of JP¥20b, well over the JP¥4.84b it reported in profit. Ryoden shareholders are no doubt pleased that free cash flow improved over the last twelve months. Having said that, there is more to the story. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio.</p>
<div class="lb-trans"><p>截至 2025 年 6 月，Ryoden 的應計比率為-0.24。這表明其自由現金流顯著超過了法定利潤。實際上，在過去的 12 個月中，它報告的自由現金流為 200 億日元，遠高於其報告的 48.4 億日元利潤。Ryoden 的股東無疑對過去 12 個月自由現金流的改善感到滿意。儘管如此，事情還有更多的細節。我們可以看到，異常項目影響了其法定利潤，因此也影響了應計比率。</p>
</div><p>See our latest analysis for Ryoden</p>
<div class="lb-trans"><p>查看我們對 Ryoden 的最新分析</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 Ryoden.</p>
<div class="lb-trans"><p><strong>注意：</strong> 我們始終建議投資者檢查資產負債表的強度。點擊這裏查看我們對 Ryoden 的資產負債表分析。</p>
</div><h2>The Impact Of Unusual Items On Profit</h2>
<div class="lb-trans"><h2>異常項目對利潤的影響</h2>
</div><p>While the accrual ratio might bode well, we also note that Ryoden's profit was boosted by unusual items worth JP¥832m in the last twelve months. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).</p>
<div class="lb-trans"><p>雖然應計比率可能預示着良好，但我們也注意到 Ryoden 的利潤在過去 12 個月中因異常項目而增加了 8.32 億日元。我們不能否認，較高的利潤通常讓我們感到樂觀，但我們更希望利潤是可持續的。當我們分析全球絕大多數上市公司時，我們發現顯著的異常項目通常不會重複。這是可以預期的，因為這些提升被稱為 “異常”。假設這些異常項目在當前年度不再出現，我們預計明年的利潤將會較弱（在沒有業務增長的情況下）。</p>
</div><h2>Our Take On Ryoden's Profit Performance</h2>
<div class="lb-trans"><h2>我們對 Ryoden 利潤表現的看法</h2>
</div><p>Ryoden's profits got a boost from unusual items, which indicates they might not be sustained and yet its accrual ratio still indicated solid cash conversion, which is promising. Considering all the aforementioned, we'd venture that Ryoden's profit result is a pretty good guide to its true profitability, albeit a bit on the conservative side. If you'd like to know more about Ryoden as a business, it's important to be aware of any risks it's facing. Every company has risks, and we've spotted <strong>1 warning sign for Ryoden</strong> you should know about.</p>
<div class="lb-trans"><p>Ryoden 的利潤因異常項目而受到提升，這表明這些利潤可能無法持續，但其應計比率仍然顯示出良好的現金轉化，這令人鼓舞。考慮到上述所有因素，我們認為 Ryoden 的利潤結果是其真實盈利能力的一個相當不錯的指引，儘管有些保守。如果您想了解更多關於 Ryoden 作為一家企業的信息，瞭解它面臨的風險是很重要的。每家公司都有風險，我們發現了 <strong>1 個 Ryoden 的警示信號</strong>，您應該瞭解。</p>
</div><p>Our examination of Ryoden has focussed on certain factors that can make its earnings look better than they are. But there is always more to discover if you are capable of focussing your mind on minutiae. 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>我們對 Ryoden 的審查集中在某些因素上，這些因素可能使其收益看起來比實際情況更好。但如果您能夠專注於細節，總會有更多的發現。有些人認為高股本回報率是優質企業的良好標誌。因此，您可能希望查看這份 <strong>免費</strong> 的高股本回報率公司集合，或這份高內部持股的股票列表。</p>
</div>

我們認為您可以超越 Ryoden（TSE:8084）乏善可陳的收益表現