purchase at more (or at less) than book value

简明释义

按高于(或低于)帐面价值的价格购入

英英释义

例句

1.The investor decided to purchase at more than book value because he believed the company's growth potential justified the premium.

投资者决定以高于账面价值的价格购买，因为他认为公司的增长潜力证明了这一溢价是合理的。

2.Real estate investors often purchase at less than book value to ensure they can make a profit after renovations.

房地产投资者通常会以低于账面价值的价格购买，以确保在翻新后能够获利。

3.Many collectors are willing to purchase at less than book value when they find rare items in poor condition.

许多收藏家愿意以低于账面价值的价格购买，当他们在较差的状态下找到稀有物品时。

4.The company was able to purchase at more than book value due to its strong market position and brand recognition.

由于公司在市场上的强势地位和品牌认知度，它能够以高于账面价值的价格购买。

5.After analyzing the financial statements, the analyst suggested that it might be wise to purchase at less than book value for undervalued stocks.

在分析财务报表后，分析师建议对于被低估的股票，可能明智的是以低于账面价值的价格购买。

作文

In the world of finance and investment, understanding the concept of 'purchase at more (or at less) than book value' is crucial for making informed decisions. The term 'book value' refers to the value of an asset as recorded on the balance sheet of a company, which reflects its original cost minus any depreciation, amortization, or impairment costs. When investors consider acquiring a company or its assets, they often evaluate whether they are willing to purchase at more (or at less) than book value. This decision can significantly impact their overall investment strategy and potential returns.When a company is purchased at more than its book value, it indicates that investors believe the company possesses intrinsic value beyond what is reflected on its financial statements. This could be due to various factors such as strong brand recognition, a loyal customer base, or potential for future growth. For instance, technology companies often trade at higher valuations because of their innovative capabilities and market potential. Investors may justify paying a premium over book value if they anticipate that the company's future earnings will exceed current expectations.On the other hand, purchasing at less than book value can present a unique opportunity for investors. This situation often arises when a company is undervalued in the market, perhaps due to temporary setbacks or negative sentiment surrounding the industry. Savvy investors might see this as a chance to acquire assets at a bargain price, believing that the market will eventually recognize the company's true worth. For example, during economic downturns, many companies may experience a drop in stock prices, leading to opportunities for astute investors to purchase at more (or at less) than book value.The implications of these purchasing decisions extend beyond mere numbers; they reflect the investor's perception of risk and value. When deciding to buy at a premium, investors must assess if the additional cost aligns with their long-term investment goals and risk tolerance. Conversely, buying below book value requires careful analysis to ensure that the perceived undervaluation isn't indicative of deeper issues within the company.Moreover, the context of the purchase plays a significant role. In some industries, such as real estate, properties may frequently be bought and sold at values significantly above or below their book value, influenced by market demand, location, and economic conditions. Understanding these dynamics is essential for investors looking to navigate the complexities of the market.In conclusion, the decision to purchase at more (or at less) than book value is a fundamental aspect of investment strategy. It requires a comprehensive understanding of both the financial metrics of a company and the broader market conditions. Investors must weigh the potential risks and rewards associated with their purchasing decisions, ensuring that they align with their overall financial objectives. By doing so, they can enhance their chances of achieving favorable investment outcomes while also contributing to a more nuanced understanding of market behavior and asset valuation.

在金融和投资的世界中，理解“以高于或低于账面价值购买”的概念对于做出明智的决策至关重要。术语“账面价值”是指公司资产在资产负债表上记录的价值，反映其原始成本减去任何折旧、摊销或减值费用。当投资者考虑收购一家公司或其资产时，他们通常会评估是否愿意以高于（或低于）账面价值购买。这个决定可以显著影响他们的整体投资策略和潜在回报。当一家公司以高于其账面价值的价格被收购时，这表明投资者认为该公司的内在价值超出了其财务报表所反映的内容。这可能是由于多种因素，例如强大的品牌认知度、忠实的客户基础或未来增长的潜力。例如，科技公司通常以更高的估值交易，因为它们的创新能力和市场潜力。如果投资者预期公司的未来收益将超过当前预期，他们可能会认为支付高于账面价值的溢价是合理的。另一方面，以低于账面价值的价格购买可能为投资者提供独特的机会。这种情况通常发生在一家公司在市场上被低估时，可能是由于临时挫折或对行业的负面情绪。精明的投资者可能会将此视为以低廉价格收购资产的机会，认为市场最终会认识到公司的真实价值。例如，在经济衰退期间，许多公司可能会经历股价下跌，从而为敏锐的投资者提供以高于（或低于）账面价值购买的机会。这些购买决策的影响超越了单纯的数字；它们反映了投资者对风险和价值的看法。在决定以溢价购买时，投资者必须评估额外成本是否与其长期投资目标和风险承受能力相一致。相反，以低于账面价值购买需要仔细分析，以确保感知的低估不是公司内部更深层次问题的标志。此外，购买的背景也起着重要作用。在某些行业，例如房地产，物业可能经常以高于或低于其账面价值的价格买卖，受到市场需求、位置和经济条件的影响。理解这些动态对于希望驾驭市场复杂性的投资者至关重要。总之，决定以高于或低于账面价值购买是投资策略的基本方面。它需要对公司的财务指标和更广泛的市场条件有全面的了解。投资者必须权衡与其购买决策相关的潜在风险和回报，确保它们与整体财务目标一致。通过这样做，他们可以提高实现良好投资结果的机会，同时也有助于对市场行为和资产估值有更深入的理解。