buy back

简明释义

购回

英英释义

例句

1.The company decided to buy back its shares to increase shareholder value.

公司决定回购其股票以增加股东价值。

2.After the initial launch, they wanted to buy back unsold products to reduce excess inventory.

在初次发布后，他们想要回购未售出的产品以减少过剩库存。

3.Investors were pleased when the tech giant revealed plans to buy back $10 billion in stock.

当科技巨头透露计划回购100亿美元的股票时，投资者感到高兴。

4.The government offered to buy back land from farmers to restore natural habitats.

政府提议从农民那里回购土地以恢复自然栖息地。

5.To support the market, the firm announced it would buy back bonds issued during the recession.

为了支持市场，公司宣布将在经济衰退期间回购发行的债券。

作文

In the world of finance and business, the term buy back refers to a company's repurchase of its own shares from the marketplace. This process can serve various strategic purposes, such as increasing shareholder value, improving financial ratios, or signaling confidence in the company's future performance. When a company decides to buy back its shares, it typically does so when it believes its stock is undervalued or when it has excess cash that it wants to return to shareholders. One of the primary reasons companies choose to buy back their shares is to enhance earnings per share (EPS). By reducing the number of outstanding shares, the remaining shares represent a larger portion of the company's earnings. For example, if a company earns $1 million and has 1 million shares outstanding, the EPS is $1. However, if the company buys back 200,000 shares, leaving 800,000 shares outstanding, the EPS increases to $1.25, assuming earnings remain constant. This increase can make the company more attractive to potential investors. Additionally, a buy back can signal to the market that the management believes the company’s stock is undervalued. This can instill confidence among investors, as they may interpret the action as a sign that the company's leadership is optimistic about its future growth. Moreover, when companies engage in buy backs, they can also reduce the dilution of shares that occurs when employees exercise stock options. This is particularly important for retaining talent within the company. However, buy backs are not without controversy. Critics argue that companies should prioritize investing in growth opportunities, such as research and development or expansion initiatives, rather than repurchasing shares. They contend that buy back programs can lead to short-termism, where companies focus on boosting stock prices instead of long-term value creation. Furthermore, during economic downturns, companies that have engaged in aggressive buy back strategies may find themselves lacking the necessary liquidity to weather financial challenges. In conclusion, the decision to buy back shares is a complex one that requires careful consideration of a company’s financial health and strategic goals. While there can be significant benefits to buying back shares, including improved EPS and positive market signals, companies must balance these actions with the need for sustainable growth and investment in their core operations. Ultimately, the effectiveness of a buy back program will depend on the broader context in which it is implemented and the specific circumstances facing the company at the time. Investors and analysts alike will continue to scrutinize these decisions, as they play a crucial role in shaping a company’s financial trajectory and overall market perception.

在金融和商业领域，术语买回指的是公司从市场上回购自己的股票。这个过程可以服务于多种战略目的，例如增加股东价值、改善财务比率或表明对公司未来表现的信心。当一家公司决定买回其股票时，通常是在认为其股票被低估或拥有多余现金希望返还给股东的时候。公司选择买回股票的主要原因之一是提高每股收益（EPS）。通过减少流通中的股份数量，剩余的股份代表公司的收益的更大部分。例如，如果一家公司赚取100万美元并且有100万股流通，那么每股收益为1美元。然而，如果公司买回20万股，剩下80万股流通，每股收益便增加到1.25美元，假设收益保持不变。这种增加可以使公司对潜在投资者更具吸引力。此外，买回可以向市场发出管理层相信公司股票被低估的信号。这可以增强投资者的信心，因为他们可能会将这一举动解读为公司领导对未来增长的乐观。此外，当公司进行买回时，它们还可以减少员工行使股票期权时发生的股份稀释。这对于留住公司内的人才尤其重要。然而，买回并非没有争议。批评者认为公司应该优先考虑投资于增长机会，例如研发或扩展计划，而不是回购股票。他们主张，买回计划可能导致短期主义，即公司专注于提升股票价格，而不是创造长期价值。此外，在经济衰退期间，进行激进的买回策略的公司可能发现自己缺乏必要的流动资金来应对财务挑战。总之，决定买回股票是一个复杂的过程，需要仔细考虑公司的财务健康状况和战略目标。虽然买回股票可以带来显著的好处，包括提高每股收益和积极的市场信号，但公司必须平衡这些行动与可持续增长和核心业务投资的需要。最终，买回计划的有效性将取决于实施的更广泛背景以及公司在当时面临的具体情况。投资者和分析师将继续审视这些决定，因为它们在塑造公司的财务轨迹和整体市场认知中发挥着至关重要的作用。