<p>大多數讀者可能已經知道，酒店物業（SGX:H15）的股票在過去一週上漲了 3.9%。正如大多數人所知，長期基本面與市場價格波動有着強烈的相關性，因此我們決定今天查看公司的關鍵財務指標，以確定它們在最近的價格波動中是否發揮了作用。在本文中，我們決定重點關注酒店物業的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。換句話説，它是一個盈利能力比率，衡量公司股東提供的資本的回報率。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<h2>如何計算股本回報率？</h2>
<p><strong>股本回報率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，酒店物業的 ROE 為：</p>
<p>0.9% = 2200 萬新元 ÷ 24 億新元（基於截至 2025 年 6 月的過去十二個月）。</p>
<p>“回報” 是企業在過去一年中賺取的收入。因此，這意味着每投資 1 新元，公司的利潤為 0.01 新元。</p>
<p>查看我們對酒店物業的最新分析</p>
<h2>為什麼 ROE 對盈利增長很重要？</h2>
<p>我們已經確定 ROE 作為公司未來盈利的有效盈利能力指標。我們現在需要評估公司再投資或 “保留” 的利潤多少，這將給我們提供關於公司增長潛力的想法。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常與沒有相同特徵的公司相比，具有更高的增長率。</p>
<h2>酒店物業的盈利增長和 0.9% ROE</h2>
<p>很明顯，酒店物業的 ROE 相對較低。即使與行業平均水平 5.5% 相比，ROE 數字也相當令人失望。儘管如此，令人驚訝的是，酒店物業在過去五年中實現了 60% 的淨收入增長。我們認為這裏可能還有其他因素在起作用，比如高盈利保留或高效的管理。</p>
<p>接下來，在與行業淨收入增長進行比較時，我們發現酒店物業的增長在同一時期內與行業平均增長 43% 相比相當高，這令人欣慰。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878746-past-earnings-growth-1-dark-2/1766181893199?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/878746-past-earnings-growth-1-dark-2/1766181893199"/></p>
<p>SGX:H15 過去的盈利增長 2025 年 12 月 19 日</p>
<p>盈利增長是股票估值的一個重要因素。投資者需要知道市場是否已經考慮了公司的預期盈利增長（或下降）。這有助於他們判斷股票的未來是光明還是黯淡。如果你想了解酒店物業的估值，請查看其市盈率與行業的比較。</p>
<h2>酒店物業是否有效利用其保留收益？</h2>
<p>酒店物業的三年中位數派息比率為 87%，這意味着公司僅保留 13% 的收入。這表明，儘管將大部分利潤返還給股東，公司仍能夠實現高盈利增長。</p>
<p>此外，酒店物業已經支付股息至少十年。這表明公司致力於與股東分享利潤。</p>
<h2>結論</h2>
<p>總體來看，酒店物業的業務似乎有一些積極的方面。儘管其盈利增長相當可觀，但我們確實認為再投資率相對較低，這意味着如果公司保留更多利潤，盈利增長的數字可能會顯著更高。到目前為止，我們僅對公司的增長數據進行了簡要研究。要深入瞭解酒店物業過去的利潤增長，請查看過去的盈利、收入和現金流的可視化。</p>
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旅店置業

<p>酒店置業的股票上週上漲了 3.9%。儘管其股本回報率（ROE）僅為 0.9%，但公司在五年內實現了 60% 的淨收入增長，超過了行業平均水平的 43%。公司僅保留 13% 的收入，支付比率高達 87%，但仍保持了可觀的盈利增長。酒店置業已連續十多年支付股息，表明其對股東回報的承諾。股票的估值和盈利增長潛力是投資者的重要考慮因素</p>

<p>Most readers would already know that Hotel Properties' (SGX:H15) stock increased by 3.9% over the past week. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Hotel Properties' ROE.</p>
<div class="lb-trans"><p>大多數讀者可能已經知道，酒店物業（SGX:H15）的股票在過去一週上漲了 3.9%。正如大多數人所知，長期基本面與市場價格波動有着強烈的相關性，因此我們決定今天查看公司的關鍵財務指標，以確定它們在最近的價格波動中是否發揮了作用。在本文中，我們決定重點關注酒店物業的股本回報率（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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.</p>
<div class="lb-trans"><p>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。換句話説，它是一個盈利能力比率，衡量公司股東提供的資本的回報率。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何計算股本回報率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回報率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 Hotel Properties is:</p>
<div class="lb-trans"><p>因此，根據上述公式，酒店物業的 ROE 為：</p>
</div><p>0.9% = S$22m ÷ S$2.4b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>0.9% = 2200 萬新元 ÷ 24 億新元（基於截至 2025 年 6 月的過去十二個月）。</p>
</div><p>The 'return' is the income the business earned over the last year. So, this means that for every SGD1 of its shareholder's investments, the company generates a profit of SGD0.01.</p>
<div class="lb-trans"><p>“回報” 是企業在過去一年中賺取的收入。因此，這意味着每投資 1 新元，公司的利潤為 0.01 新元。</p>
</div><p>See our latest analysis for Hotel Properties</p>
<div class="lb-trans"><p>查看我們對酒店物業的最新分析</p>
</div><h2>Why Is ROE Important For Earnings Growth?</h2>
<div class="lb-trans"><h2>為什麼 ROE 對盈利增長很重要？</h2>
</div><p>We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.</p>
<div class="lb-trans"><p>我們已經確定 ROE 作為公司未來盈利的有效盈利能力指標。我們現在需要評估公司再投資或 “保留” 的利潤多少，這將給我們提供關於公司增長潛力的想法。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常與沒有相同特徵的公司相比，具有更高的增長率。</p>
</div><h2>Hotel Properties' Earnings Growth And 0.9% ROE</h2>
<div class="lb-trans"><h2>酒店物業的盈利增長和 0.9% ROE</h2>
</div><p>It is quite clear that Hotel Properties' ROE is rather low. Even when compared to the industry average of 5.5%, the ROE figure is pretty disappointing. Despite this, surprisingly, Hotel Properties saw an exceptional 60% net income growth over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.</p>
<div class="lb-trans"><p>很明顯，酒店物業的 ROE 相對較低。即使與行業平均水平 5.5% 相比，ROE 數字也相當令人失望。儘管如此，令人驚訝的是，酒店物業在過去五年中實現了 60% 的淨收入增長。我們認為這裏可能還有其他因素在起作用，比如高盈利保留或高效的管理。</p>
</div><p>Next, on comparing with the industry net income growth, we found that Hotel Properties' growth is quite high when compared to the industry average growth of 43% in the same period, which is great to see.</p>
<div class="lb-trans"><p>接下來，在與行業淨收入增長進行比較時，我們發現酒店物業的增長在同一時期內與行業平均增長 43% 相比相當高，這令人欣慰。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878746-past-earnings-growth-1-dark-2/1766181893199" alt="" original-src="https://images.simplywall.st/asset/chart/878746-past-earnings-growth-1-dark-2/1766181893199"/></p>
<p>SGX:H15 Past Earnings Growth December 19th 2025</p>
<div class="lb-trans"><p>SGX:H15 過去的盈利增長 2025 年 12 月 19 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Hotel Properties''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</p>
<div class="lb-trans"><p>盈利增長是股票估值的一個重要因素。投資者需要知道市場是否已經考慮了公司的預期盈利增長（或下降）。這有助於他們判斷股票的未來是光明還是黯淡。如果你想了解酒店物業的估值，請查看其市盈率與行業的比較。</p>
</div><h2>Is Hotel Properties Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>酒店物業是否有效利用其保留收益？</h2>
</div><p>Hotel Properties has a significant three-year median payout ratio of 87%, meaning the company only retains 13% of its income. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders.</p>
<div class="lb-trans"><p>酒店物業的三年中位數派息比率為 87%，這意味着公司僅保留 13% 的收入。這表明，儘管將大部分利潤返還給股東，公司仍能夠實現高盈利增長。</p>
</div><p>Besides, Hotel Properties 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，酒店物業已經支付股息至少十年。這表明公司致力於與股東分享利潤。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>結論</h2>
</div><p>In total, it does look like Hotel Properties has some positive aspects to its business. While no doubt its earnings growth is pretty substantial, we do feel that the reinvestment rate is pretty low, meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits. Up till now, we've only made a short study of the company's growth data. To gain further insights into Hotel Properties' past profit growth, check out this visualization of past earnings, revenue and cash flows.</p>
<div class="lb-trans"><p>總體來看，酒店物業的業務似乎有一些積極的方面。儘管其盈利增長相當可觀，但我們確實認為再投資率相對較低，這意味着如果公司保留更多利潤，盈利增長的數字可能會顯著更高。到目前為止，我們僅對公司的增長數據進行了簡要研究。要深入瞭解酒店物業過去的利潤增長，請查看過去的盈利、收入和現金流的可視化。</p>
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旅店置業（SGX:H15）的股票表現相當不錯：財務狀況是否在其中發揮了作用？