如果经验证据能说明什么的话，那就是学校赞助的体育项目提供了与投入相称的资产回报。
If the empirical evidence points to anything, it points towards school-sponsored sports providing assets that are well worth the costs.
这是否说明货币资产回报？
自1965年开始，资产回报率已经下跌了75%。
这样的做法是提高他们净资产回报率的途径。
明年，利率将会上升，因此债券收益率和资产回报也将上升。
Next year, interest rates will be rising, and so will bond yield and equity returns.
Lee认为增长缓慢意味着资产回报的下跌，而从缩减盈利。
Mr Lee says slower growth implies a lower return on assets and thus subdued profits.
只要公司能接受低资产回报，那么这一切本可以照常进行。
All this could go on for as long as firms accepted low returns on equity.
当然，他所关注的净资产回报率就是努力工作的最好标志。
And, of course, his treasured ROE is a good sign that he's keeping up.
经济繁荣时期，银行单纯通过杠杆获利，用贷款来掩饰不佳的资产回报。
During the boom many banks boosted earnings simply by levering up, masking poor returns on assets with the magic of debt.
但资产回报率较高也反映出风险较大，小额贷款拥有14%的净利差。
Microloans, which command higher yields to reflect greater risk, had a 14% net interest margin.
股东价值观念的前提是，当资产回报大于资产成本时，才能为股东带来收益。
The concept of shareholder value works from the premise that a business only adds value for its shareholders when equity returns exceed equity costs.
但一天结束的时候，它又会转回三个原则：资产负债表、资产回报和估值。
But at the end of the day, it comes back to those three principles: balance sheets, return on capital and valuation.
汇丰设置14%的资产回报率目标使得其实现的门槛更高，这样的话，其集团63%的业务都表现不佳。
Set the bar higher, at HSBC's target return of 14%, and 63% of the group underperforms.
股本回报率为22%，在当时位列菲律宾证券交易所榜首，资产回报率为2.0%，贷款增长率为25%。
It had 22 percent return on equity, the highest among Banks listed on the Philippine Stock Exchange at the time, and 2.0 percent return on assets, with its 25 percent loan growth.
但其平均净资产回报率还不到8.2%，而大型非国有工业企业的平均净资产回报率是12.9%。
But their average return on equity was less than 8.2%, whereas that of larger non-state industrial enterprises was 12.9%.
2月份重设的新目标看起来似乎信心十足，建议公司的低端业务应致力于实现约14%的资产回报率。
Its new targets, reset in February, appear confident. At their lower end they suggest the firm should aim to make a return on equity of about 14%.
Gross预测将有一个“新的常态”：和过去几十年相比，增长会更慢，利润空间会更狭窄，资产回报会更少。
Gross envisions a "new normal" where growth is slower, profit margins are narrower and asset returns are smaller than in decades past.
声称资产风险低符合银行高管的利益，因为这样银行就能实现杠杆率和净资产回报率最大化，进而提高高管的报酬和分红。
It is in a bank manager's interest to say his assets have low risk, because it enables the bank to maximize leverage and return on equity, which in turn can lead to bigger pay and bonuses.
的确，有很多人在升入大学时，还不知道什么是股票和证券，这些资产能带来哪些风险和回报，以及如何来控制这些风险。
Indeed, many enter college without knowing, for instance, what stocks and bonds are, what risks and returns these assets offer, and how best to manage those risks.
增加复用及现有资产的回报。
那些资产能提供超额回报来作为流动性不足的补偿。
Such assets offered an excess return to compensate investors for their illiquidity.
毕竟，多方曾认为低收益率对股价是一个好消息，因为这会鼓励投资者退出固定收益资产以寻找更高的回报。
After all, bulls were previously arguing that low yields were good news for equities, as they encouraged investors to move out of fixed-income assets in search of higher returns.
在世界各地，充裕的流动性刺激了资本流入风险资产寻求高回报。
Worldwide, an abundance of liquidity has lured investors into riskier assets in search of higher returns.
国债的低收益也促使投资者在风险更大的资产上寻找更高的回报，比如抵押证券。
Low yields also encouraged investors to seek higher returns in riskier assets, such as mortgage-backed securities.
在此类模型中，成本值就变成了通过使用资产获得的回报。
In such a model, the cost metric turns out to be the returns obtained from using the asset.
如果这些潜在的资产太糟糕，产品没有回报，(尽管)银行技术上是没有责任的，但不得不接受损失的风险的事实明摆着在那里。
If the underlying assets go bad and the products can't be repaid, the Banks are usually not technically liable, but the risk is that they will be forced to take the losses nonetheless.
如果处在牛市，低利率表明投资者最终决定拒绝“现金为王”，转为更加偏好购买风险资产，以寻求更高回报。
For the bulls, it is a sign that investors will eventually decide to reject the safety of cash in favour of the higher returns available from riskier assets.
这类资产可能回报甚丰，原因只是其他投资者，例如共同基金，既不愿意也无能力来处理非流动性。
Such asset classes may offer a better return simply because other investors (mutual funds, for example) are unwilling or unable to deal with illiquidity.
这类资产可能回报甚丰，原因只是其他投资者，例如共同基金，既不愿意也无能力来处理非流动性。
Such asset classes may offer a better return simply because other investors (mutual funds, for example) are unwilling or unable to deal with illiquidity.
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