Irhythm Technologies Stock Return On Equity
| IRTC Stock | USD 82.32 8.33 11.26% |
iRhythm Technologies fundamentals help investors to digest information that contributes to IRhythm Technologies' financial success or failures. It also enables traders to predict the movement of IRhythm Stock. The fundamental analysis module provides a way to measure IRhythm Technologies' 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 IRhythm Technologies stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.59) | (0.62) |
IRhythm | Return On Equity |
iRhythm Technologies Company Return On Equity Analysis
IRhythm Technologies' 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 IRhythm Technologies Return On Equity | -1.03 |
Most of IRhythm Technologies' 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, iRhythm Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
IRhythm Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for IRhythm Technologies is extremely important. It helps to project a fair market value of IRhythm Stock properly, considering its historical fundamentals such as Return On Equity. Since IRhythm Technologies' 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 IRhythm Technologies' 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 IRhythm Technologies' interrelated accounts and indicators.
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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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IRhythm Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, iRhythm Technologies has a Return On Equity of -1.0334. This is 95.69% lower than that of the Health Care Equipment & Supplies sector and 88.16% lower than that of the Health Care industry. The return on equity for all United States stocks is notably higher than that of the company.
IRhythm Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IRhythm Technologies' 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 IRhythm Technologies could also be used in its relative valuation, which is a method of valuing IRhythm Technologies by comparing valuation metrics of similar companies.IRhythm Technologies is currently under evaluation in return on equity category among its peers.
IRhythm Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of IRhythm Technologies from analyzing IRhythm Technologies' financial statements. These drivers represent accounts that assess IRhythm Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of IRhythm Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 6.6B | 3.5B | 2.8B | 2.5B | 1.6B | |
| Enterprise Value | 1.8B | 6.6B | 3.4B | 2.9B | 2.6B | 1.6B |
IRhythm Technologies ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, IRhythm Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to IRhythm Technologies' managers, analysts, and investors.Environmental | Governance | Social |
IRhythm Fundamentals
| Return On Equity | -1.03 | ||||
| Return On Asset | -0.0893 | ||||
| Profit Margin | (0.27) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 2.79 B | ||||
| Shares Outstanding | 31.3 M | ||||
| Shares Owned By Insiders | 0.78 % | ||||
| Shares Owned By Institutions | 99.22 % | ||||
| Number Of Shares Shorted | 2.74 M | ||||
| Price To Earning | (36.08) X | ||||
| Price To Book | 35.90 X | ||||
| Price To Sales | 4.60 X | ||||
| Revenue | 492.68 M | ||||
| Gross Profit | 281.63 M | ||||
| EBITDA | (96.86 M) | ||||
| Net Income | (123.41 M) | ||||
| Cash And Equivalents | 204.49 M | ||||
| Cash Per Share | 6.81 X | ||||
| Total Debt | 129.82 M | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 4.05 X | ||||
| Book Value Per Share | 2.29 X | ||||
| Cash Flow From Operations | (50.1 M) | ||||
| Short Ratio | 3.96 X | ||||
| Earnings Per Share | (4.85) X | ||||
| Target Price | 98.27 | ||||
| Number Of Employees | 2 K | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 2.58 B | ||||
| Total Asset | 433.14 M | ||||
| Retained Earnings | (645.61 M) | ||||
| Working Capital | 123.44 M | ||||
| Current Asset | 54.91 M | ||||
| Current Liabilities | 11.97 M | ||||
| Net Asset | 433.14 M |
About IRhythm Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iRhythm Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRhythm Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iRhythm Technologies 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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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.When determining whether iRhythm Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IRhythm Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Irhythm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Irhythm Technologies Stock:Check out IRhythm Technologies Piotroski F Score and IRhythm Technologies Altman Z Score analysis. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRhythm Technologies. If investors know IRhythm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRhythm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.85) | Revenue Per Share 18.045 | Quarterly Revenue Growth 0.184 | Return On Assets (0.09) | Return On Equity (1.03) |
The market value of iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRhythm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.