Core tip: from the perspective of ROE in the past five years, the average ROE of 14 enterprises is positive, among which 6 enterprises, such as Heilan Home, Carbin, China Lilang, Shanshan Brand, Youngor, and Nanshan Zhishang, are above 10%.Heilan Home has the highest average in five years, with an average ROE of 32.06%. The highest ROE in the past five years is 40.02% in 2015, and the lowest is 24.44% in 2019.
Corporate profitability refers to the ability of an enterprise to obtain profits, also known as the capital or capital appreciation ability of an enterprise. It is usually shown as the amount and level of the enterprise's earnings in a certain period.For operators, through the analysis of profitability, we can find the problems in the operation and management links.The analysis of the company's profitability is the deep analysis of the company's profit rate.This article is a menswear article in the series of articles on profitability. A total of 20 listed menswear companies are selected as the research samples.
Core data:
Top three enterprises in profitability: China Lilang, Golden Lillion Group, Heilan Home
Top 3 enterprises in average return on equity: Heilan Home, Carbin, China Lilang
Top 3 enterprises in average return on total assets: China Lilang, Heilan Home, Carbin
Average gross profit margin of the top three enterprises: China Apparel Holdings, Trinity, Changxing International
Average net interest rate of the top three enterprises: Youngor, China Lilang, Goldlion Group
Return on equity
Is the percentage of net *** and average shareholders' equity, is the percentage of the company after tax *** divided by the net assets, is an important financial index to measure the efficiency of the use of shareholders' funds.This index reflects the level of return on shareholders' equity and measures the efficiency of a company in using its own capital.
The higher the index value, the higher the return on investment.This index reflects the ability of self-owned capital to obtain net income.Generally speaking, an increase in debt will lead to an increase in return on equity.
From the perspective of ROE in the past five years, the average ROE of 14 enterprises is positive, among which 6 enterprises, such as Heilan Home, Carbin, China Lilang, Shanshan Brand, Youngor and Nanshan Zhishang, are above 10%.
Heilan Home has the highest average in five years, with an average ROE of 32.06%. The highest ROE in the past five years is 40.02% in 2015, and the lowest is 24.44% in 2019.
The average return on equity of the other six enterprises is negative, among which three enterprises, such as Changxing International, Modern Avenue and Musang Group Holdings, declined by more than double digits.
Musang Group Holding has the lowest average in five years, with an average return on equity of -86.57%. In the past five years, the highest return on equity is 159.65% in 2017, and the lowest is -581.59% in 2018.
Return on total assets
Is another index to measure the profitability of an enterprise, which embodies the relationship between the efficiency of asset use and the effect of capital use.The rate of return on total assets directly reflects the competitive strength and development ability of the company, and it is also an important basis to decide whether the company should be leveraged.
Analysed together with return on total assets and return on equity (net ***/ shareholders' equity ×100%), the difference between the two can be used to illustrate the risk degree of a company's operation.
From the perspective of return on total assets in the past five years, 16 enterprises have a positive average return on total assets, among which 4 enterprises, such as China Lilang, Heilan Home, Carbin and Musang Group Holding, are above 10%.
China Lilang has the highest average value in five years, with the average return on total assets reaching 15.54%. In the past five years, the highest return on total assets was 18.30% in 2018 and the lowest was 12.01% in 2016.
The average return on total assets of the other four enterprises is negative, among which the average return on total assets of Modern Avenue is the lowest in five years, with an average return on total assets of -13.08%. In the past five years, the highest return on total assets is 3.66% in 2017, and the lowest is -57.28% in 2019.
Gross profit margin
Is the percentage of gross profit versus sales (or operating revenue), where gross profit is the difference between revenue and operating costs corresponding to revenue.
From the composition of gross profit is the difference between income and operating costs, but in fact this understanding of gross profit upside down the concept of the cart, in fact, gross profit reflects a commodity after the production of conversion of internal system value added that part.
From the perspective of gross profit rate in the past five years, the average gross profit rate of 8 enterprises is above 50%, among which China Apparel Holding has the highest average gross profit rate in the past five years, reaching 70.14%. In the past five years, the highest gross profit rate is 77.92% in 2019 and the lowest is 62.91% in 2016.
Hongdou shares is an enterprise with an average gross profit margin of less than 30%, with an average gross profit margin of 26.21%. In the past five years, the highest gross profit margin was 30.53% in 2019 and the lowest was 22.96% in 2016.
The net interest rate
Is the percentage of net *** in sales revenue, refers to the enterprise to achieve net *** and sales revenue comparison, used to measure the enterprise in a certain period of sales revenue acquisition ability.
This index reflects the amount of net profit per yuan of sales revenue, indicating the income level of sales revenue.By analyzing the fluctuation of sales net interest rate, enterprises can be encouraged to pay attention to improving operation and management and increase profit level while expanding sales.
From the perspective of the net interest rate in the past five years, there are 14 enterprises with the average net interest rate being positive, among which 9 enterprises such as Youngor, China Lilang, Kinglion Group, Heilan Home, Jiu Mu Wang, Carbin, Seven Wolves, George Bai, and Mushang Group Holding are above 10%.
Youngor's five-year average was the highest, with the average net interest rate reaching 25.57%. In the past five years, the highest net interest rate was 38.18% in 2018 and the lowest was 2.99% in 2017.
The net interest rate of the remaining 5 enterprises is negative, among which 4 enterprises such as Pusen, Hudu, Trinity and Changxing International declined by more than double digits.
Changxing International has the lowest average net interest rate in the past five years, with an average net interest rate of -29.13%. In the past five years, the highest net interest rate was -16.74% in 2015 and the lowest was -41.43% in 2017.
