Ocumetics Technology Corp Stock Return On Equity
| OTC Stock | 0.34 0.02 6.25% |
Ocumetics Technology Corp fundamentals help investors to digest information that contributes to Ocumetics Technology's financial success or failures. It also enables traders to predict the movement of Ocumetics Stock. The fundamental analysis module provides a way to measure Ocumetics Technology'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 Ocumetics Technology stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (39.99) | (37.99) |
Ocumetics | Return On Equity |
Ocumetics Technology Corp Company Return On Equity Analysis
Ocumetics Technology'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 Ocumetics Technology Return On Equity | -11.23 |
Most of Ocumetics Technology'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, Ocumetics Technology Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ocumetics Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Ocumetics Technology is extremely important. It helps to project a fair market value of Ocumetics Stock properly, considering its historical fundamentals such as Return On Equity. Since Ocumetics Technology'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 Ocumetics Technology'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 Ocumetics Technology's 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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Ocumetics Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Ocumetics Technology Corp has a Return On Equity of -11.2268. This is 53.16% lower than that of the Health Care Equipment & Supplies sector and 87.74% higher than that of the Health Care industry. The return on equity for all Canada stocks is notably higher than that of the company.
Ocumetics Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ocumetics Technology'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 Ocumetics Technology could also be used in its relative valuation, which is a method of valuing Ocumetics Technology by comparing valuation metrics of similar companies.Ocumetics Technology is currently under evaluation in return on equity category among its peers.
Ocumetics Technology Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ocumetics Technology from analyzing Ocumetics Technology's financial statements. These drivers represent accounts that assess Ocumetics Technology's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ocumetics Technology's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 358.7K | 1.5M | 1.5M | 43.6M | 39.3M | 41.3M |
Ocumetics Fundamentals
| Return On Equity | -11.23 | ||||
| Return On Asset | -0.79 | ||||
| Current Valuation | 41.54 M | ||||
| Shares Outstanding | 119.77 M | ||||
| Shares Owned By Insiders | 45.68 % | ||||
| Number Of Shares Shorted | 10.96 K | ||||
| Price To Book | 400.96 X | ||||
| EBITDA | (2.59 M) | ||||
| Net Income | (3.64 M) | ||||
| Total Debt | 945.33 K | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (2.05 M) | ||||
| Short Ratio | 1.45 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | -1.12 | ||||
| Market Capitalization | 40.12 M | ||||
| Total Asset | 1.04 M | ||||
| Retained Earnings | (9.18 M) | ||||
| Working Capital | (312.69 K) | ||||
| Net Asset | 1.04 M |
About Ocumetics Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ocumetics Technology Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ocumetics Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ocumetics Technology Corp 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 Ocumetics Stock Analysis
When running Ocumetics Technology's price analysis, check to measure Ocumetics Technology'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 Ocumetics Technology is operating at the current time. Most of Ocumetics Technology's value examination focuses on studying past and present price action to predict the probability of Ocumetics Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocumetics Technology's price. Additionally, you may evaluate how the addition of Ocumetics Technology to your portfolios can decrease your overall portfolio volatility.