Profitable with positive operating income on AWS, Amazon without shareholder returns.
2024/02/06
クリスのレポート
北米、全世界のセグメントは2022年営業利益赤、AWSが大きく黒字なため全体ではプラス。ネット販売が赤字な原因は、フルフィルメント、配送コスト、配送ネットワークの構築のための投資、為替、賃金、インセンティブ、テクノロジーコストなど。競争優位を保つための活動が利益を食っている状態。純利益もマイナスで株主へのケアはあまりしていない。
Chris's report
In 2022, North America and the global segments had a negative operating profit, but the overall result was positive due to AWS generating a significant profit. The reason for the negative net income in the e-commerce sector is attributed to investments in fulfillment, delivery costs, building delivery networks, currency fluctuations, wages, incentives, technology costs, and more. The efforts to maintain a competitive edge are impacting profitability. Net income is also in the negative, and there is limited focus on shareholder care.
田舎だから紅茶を買うのにアマゾン毎月使ってるけど、業績はどうなんだろう？
Insight
I use Amazon every month to buy tea because I live in a rural area, but I wonder how their performance is.
ミナの判断
アマゾンはユーザー利便性を最大化させるために特化しているように見える。PERがマイナスで比較できず、株主への還元はあまり考えていないようなので投資メリットに欠ける銘柄。
Mina's judgement
It seems that Amazon is focused on maximizing user convenience. With a negative P/E ratio and a lack of emphasis on returning value to shareholders, it appears to be a stock with limited investment appeal.
