Hitek Global Ordinary Stock Return On Equity
| HKIT Stock | 1.36 0.07 5.43% |
Hitek Global Ordinary fundamentals help investors to digest information that contributes to Hitek Global's financial success or failures. It also enables traders to predict the movement of Hitek Stock. The fundamental analysis module provides a way to measure Hitek Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hitek Global stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.04 | 0.04 |
Hitek | Return On Equity |
Hitek Global Ordinary Company Return On Equity Analysis
Hitek Global'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 Hitek Global Return On Equity | 0.0202 |
Most of Hitek Global'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, Hitek Global Ordinary is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hitek Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Hitek Global is extremely important. It helps to project a fair market value of Hitek Stock properly, considering its historical fundamentals such as Return On Equity. Since Hitek Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hitek Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hitek Global's interrelated accounts and indicators.
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Hitek Return On Equity Historical Pattern
Today, most investors in Hitek Global Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hitek Global's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Hitek Global return on equity as a starting point in their analysis.
Hitek Global Return On Equity |
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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.
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Hitek Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Hitek Global Ordinary has a Return On Equity of 0.0202. This is 100.17% 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 106.52% lower than that of the firm.
Hitek Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hitek Global's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hitek Global could also be used in its relative valuation, which is a method of valuing Hitek Global by comparing valuation metrics of similar companies.Hitek Global is currently under evaluation in return on equity category among its peers.
Hitek Global Current Valuation Drivers
We derive many important indicators used in calculating different scores of Hitek Global from analyzing Hitek Global's financial statements. These drivers represent accounts that assess Hitek Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hitek Global's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 85.9M | 84.8M | 81.2M | 62.6M | 7.2M | 6.9M |
Hitek Fundamentals
| Return On Equity | 0.0202 | ||||
| Return On Asset | -0.0127 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | (0.20) % | ||||
| Current Valuation | 17.04 M | ||||
| Shares Outstanding | 21.11 M | ||||
| Shares Owned By Insiders | 29.43 % | ||||
| Shares Owned By Institutions | 0.10 % | ||||
| Number Of Shares Shorted | 18.01 K | ||||
| Price To Book | 1.42 X | ||||
| Price To Sales | 11.55 X | ||||
| Revenue | 4.56 M | ||||
| Gross Profit | 3.88 M | ||||
| EBITDA | 154.89 K | ||||
| Net Income | 1.05 M | ||||
| Total Debt | 2.61 M | ||||
| Book Value Per Share | 1.96 X | ||||
| Cash Flow From Operations | 1.63 M | ||||
| Short Ratio | 0.56 X | ||||
| Earnings Per Share | 0.04 X | ||||
| Number Of Employees | 48 | ||||
| Market Capitalization | 39.85 M | ||||
| Total Asset | 36.23 M | ||||
| Retained Earnings | 11.39 M | ||||
| Working Capital | 21.41 M | ||||
| Net Asset | 36.23 M |
About Hitek Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hitek Global Ordinary's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hitek Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hitek Global Ordinary based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global'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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.