North Chemical Gross Profit vs. Revenue
| 002246 Stock | 11.78 0.20 1.67% |
Gross Profit | First Reported 2008-03-31 | Previous Quarter 156.5 M | Current Value -7.1 M | Quarterly Volatility 54.7 M |
For North Chemical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of North Chemical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well North Chemical Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between North Chemical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of North Chemical Industries over time as well as its relative position and ranking within its peers.
North |
North Chemical Industries Revenue vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining North Chemical's current stock value. Our valuation model uses many indicators to compare North Chemical value to that of its competitors to determine the firm's financial worth. North Chemical Industries is rated fifth in gross profit category among its peers. It also is rated fifth in revenue category among its peers totaling about 4.62 of Revenue per Gross Profit. At present, North Chemical's Gross Profit is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value North Chemical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for North Chemical's 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.North Revenue vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
North Chemical |
| = | 467.23 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
North Chemical |
| = | 2.16 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
North Revenue vs Competition
North Chemical Industries is rated fifth in revenue category among its peers. Market size based on revenue of Materials industry is presently estimated at about 23.41 Billion. North Chemical holds roughly 2.16 Billion in revenue claiming about 9% of all equities under Materials industry.
North Chemical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in North Chemical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, North Chemical will eventually generate negative long term returns. The profitability progress is the general direction of North Chemical's change in net profit over the period of time. It can combine multiple indicators of North Chemical, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 27.2 M | 25.8 M | |
| Income Before Tax | 48.8 M | 82 M | |
| Net Income Applicable To Common Shares | 107 M | 75.7 M | |
| Net Income | 55.5 M | 75 M | |
| Income Tax Expense | 7.2 M | 11.5 M | |
| Net Income From Continuing Ops | 52.4 M | 74.2 M | |
| Total Other Income Expense Net | 6.6 M | 6.2 M | |
| Net Interest Income | 23 M | 24.2 M | |
| Interest Income | 27.3 M | 28.6 M | |
| Change To Netincome | -24.8 M | -23.6 M |
North Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on North Chemical. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of North Chemical position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the North Chemical's important profitability drivers and their relationship over time.
Use North Chemical in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North Chemical will appreciate offsetting losses from the drop in the long position's value.North Chemical Pair Trading
North Chemical Industries Pair Trading Analysis
The ability to find closely correlated positions to North Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North Chemical Industries to buy it.
The correlation of North Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Chemical Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your North Chemical position
In addition to having North Chemical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Raw Materials Thematic Idea Now
Raw Materials
Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
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Other Information on Investing in North Stock
To fully project North Chemical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of North Chemical Industries at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include North Chemical's income statement, its balance sheet, and the statement of cash flows.