但4亿5千万也算增加价值么?这个数仅仅比这几年菲布罗年平均净利润高一点。

But optimising value? At $450m, the estimated price tag is little more than Phibro's average annual net profit in recent years.

youdao

早期的股权回报率目标的10%，最有超过10% - 25%的平均净利润年均增长率。

Early return on equity target in most of the 10% average annual growth rate of net profit in more than 10%-25%.

youdao

避免在利润表中使用历史汇率(或确保净利润总计以平均汇率转换)。

Avoid using historical rates in the income statement (or make sure the total net profit is converted at average rate).

youdao

This is incredibly important because,when you look at this number that we started out with,saying the benchmark was 9.9 but net of fees the managers on average only lost thirty basis points--or .3% -you'd say,well that's a game I don't mind playing.

这极其重要,因为当你看这些数字时,刚才说过基准收益是9.9%,但是主动管理型基金经理人的平均净利润,只落后了30个基点或者说0.3%,你可能会说这个游戏,我不介意玩一玩

耶鲁公开课 - 金融市场课程节选