Skkynet Financial Statements From 2010 to 2024
| SKKY Stock | USD 0.80 0.09 12.68% |
Check Skkynet Cloud financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Skkynet Cloud's main balance sheet or income statement drivers, such as , as well as many indicators such as . Skkynet financial statements analysis is a perfect complement when working with Skkynet Cloud Valuation or Volatility modules.
Skkynet |
Skkynet Cloud Systems OTC Stock Return On Equity Analysis
Skkynet Cloud's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Skkynet Cloud Return On Equity | 0.0583 |
Most of Skkynet Cloud's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skkynet Cloud Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Skkynet Cloud Systems has a Return On Equity of 0.0583. This is 100.48% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The return on equity for all United States stocks is 118.81% lower than that of the firm.
Skkynet Cloud Systems Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Skkynet Cloud's current stock value. Our valuation model uses many indicators to compare Skkynet Cloud value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Skkynet Cloud competition to find correlations between indicators driving Skkynet Cloud's intrinsic value. More Info.Skkynet Cloud Systems is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Skkynet Cloud by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Skkynet Cloud's OTC Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Skkynet Cloud Financial Statements
Skkynet Cloud investors use historical fundamental indicators, such as Skkynet Cloud's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Skkynet Cloud. Please read more on our technical analysis and fundamental analysis pages.
Skkynet Cloud Systems, Inc., an industrial middleware vendor, provides connectivity and data acquisition solutions to various industrial and office hardware and software products worldwide. Skkynet Cloud Systems, Inc. was incorporated in 2011 and is headquartered in Mississauga, Canada. Skkynet Cloud operates under SoftwareInfrastructure classification in the United States and is traded on OTC Exchange. It employs 10 people.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Skkynet OTC Stock Analysis
When running Skkynet Cloud's price analysis, check to measure Skkynet Cloud's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skkynet Cloud is operating at the current time. Most of Skkynet Cloud's value examination focuses on studying past and present price action to predict the probability of Skkynet Cloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skkynet Cloud's price. Additionally, you may evaluate how the addition of Skkynet Cloud to your portfolios can decrease your overall portfolio volatility.