treasury stock

简明释义

库存股份，库存股票

英英释义

例句

1.Investors often view treasury stock as a sign of a company's confidence in its future.

投资者通常将库藏股视为公司对未来信心的标志。

2.Holding treasury stock can help a company manage its capital structure more effectively.

持有库藏股可以帮助公司更有效地管理其资本结构。

3.The company decided to buy back shares and hold them as treasury stock.

公司决定回购股票并将其作为库藏股持有。

4.The board approved the plan to increase treasury stock to boost shareholder value.

董事会批准了增加库藏股的计划，以提升股东价值。

5.When a firm repurchases its own shares, it can reduce the amount of treasury stock outstanding.

当公司回购自己的股票时，可以减少流通中的库藏股数量。

作文

Understanding the concept of treasury stock is crucial for anyone interested in the financial world, particularly in corporate finance and investment. Treasury stock, also known as treasury shares or reacquired stock, refers to shares that were once a part of the outstanding shares of a company but were later repurchased by the company itself. This means that these shares are no longer available for public trading and are essentially held in the company's treasury. The implications of treasury stock can be significant for both the company and its shareholders.One of the primary reasons companies choose to buy back their own shares is to return value to shareholders. When a company repurchases its shares, it reduces the number of shares outstanding in the market. This can lead to an increase in earnings per share (EPS), which is often viewed positively by investors. A higher EPS can make the company's stock more attractive, potentially driving up the share price. Thus, the decision to engage in treasury stock transactions can signal to the market that the company believes its shares are undervalued.Moreover, treasury stock can be used as a strategic tool for managing the capital structure of a company. By reducing the number of shares available on the market, a company can improve its financial ratios, such as return on equity (ROE). This can enhance the perception of the company’s financial health among investors and creditors. Additionally, having treasury stock on hand gives the company flexibility. It can reissue these shares when needed, such as for employee compensation plans or acquisitions, without needing to go to the market and issue new shares.However, the practice of buying back shares is not without controversy. Critics argue that companies should focus on investing in growth opportunities rather than repurchasing shares. They contend that funds spent on treasury stock could be better utilized in research and development, expanding operations, or improving products and services. Furthermore, excessive buybacks can be seen as a way for management to artificially inflate stock prices, benefiting executives with stock options at the expense of long-term company growth.In addition to the financial implications, there are accounting considerations related to treasury stock. When a company buys back its shares, these shares are recorded in the equity section of the balance sheet as a contra-equity account. This means that treasury stock reduces the total stockholder's equity. It's important for investors to understand how these transactions affect the overall financial statements and the valuation of the company.In conclusion, treasury stock is an important concept in the realm of corporate finance. It represents shares that have been repurchased by the issuing company and are held in its treasury. While there are potential benefits to engaging in share buybacks, such as improving EPS and providing strategic flexibility, there are also criticisms regarding the prioritization of short-term gains over long-term growth. As with many financial strategies, understanding the context and implications of treasury stock is essential for making informed investment decisions and comprehending a company's financial health.

理解库藏股的概念对于任何对金融世界感兴趣的人来说都是至关重要的，尤其是在企业财务和投资领域。库藏股，也称为库藏股份或回购股票，是指曾经是公司流通股的一部分但后来被公司自己回购的股份。这意味着这些股份不再可供公众交易，实际上被保留在公司的库房中。库藏股的影响对公司及其股东都可能是显著的。公司选择回购自身股份的主要原因之一是为了向股东返还价值。当公司回购其股份时，它减少了市场上流通的股份数量。这可能导致每股收益（EPS）的增加，这通常被投资者视为积极信号。更高的每股收益可以使公司的股票更具吸引力，潜在地推动股价上涨。因此，进行库藏股交易的决定可以向市场发出信号，表明公司认为其股票被低估。此外，库藏股可以作为管理公司资本结构的战略工具。通过减少市场上可用的股份数量，公司可以改善其财务比率，例如股本回报率（ROE）。这可以增强投资者和债权人对公司财务健康状况的看法。此外，拥有库藏股可以为公司提供灵活性。公司可以在需要时重新发行这些股份，例如用于员工薪酬计划或收购，而无需去市场上发行新股份。然而，回购股份的做法并非没有争议。批评者认为，公司应专注于投资增长机会，而不是回购股份。他们主张，花在库藏股上的资金可以更好地用于研发、扩展运营或改善产品和服务。此外，过度的回购可能被视为管理层人为抬高股价的一种方式，从而使拥有股票期权的高管受益，而以牺牲长期公司增长为代价。除了财务影响外，与库藏股相关的会计考虑也是重要的。当公司回购其股份时，这些股份在资产负债表的股东权益部分记录为对冲股东权益的账户。这意味着库藏股减少了总股东权益。投资者了解这些交易如何影响整体财务报表和公司估值是非常重要的。总之，库藏股是企业财务领域中的一个重要概念。它代表了由发行公司回购并保留在其库房中的股份。虽然进行股份回购可能带来潜在的好处，例如提高每股收益和提供战略灵活性，但也存在关于优先考虑短期收益而非长期增长的批评。与许多财务策略一样，理解库藏股的背景和影响对于做出明智的投资决策和理解公司的财务健康状况至关重要。