Songz Automobile Operating Margin vs. Return On Asset
| 002454 Stock | 6.89 0.02 0.29% |
For Songz Automobile profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Songz Automobile to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Songz Automobile Air utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Songz Automobile's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Songz Automobile Air over time as well as its relative position and ranking within its peers.
Songz |
Songz Automobile Air Return On Asset vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Songz Automobile's current stock value. Our valuation model uses many indicators to compare Songz Automobile value to that of its competitors to determine the firm's financial worth. Songz Automobile Air is number one stock in operating margin category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.34 of Return On Asset per Operating Margin. The ratio of Operating Margin to Return On Asset for Songz Automobile Air is roughly 2.97 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Songz Automobile by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Songz Automobile'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.Songz Return On Asset vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Songz Automobile |
| = | 0.04 % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Songz Automobile |
| = | 0.0131 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Songz Return On Asset Comparison
Songz Automobile is currently under evaluation in return on asset category among its peers.
Songz Automobile Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Songz Automobile, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Songz Automobile will eventually generate negative long term returns. The profitability progress is the general direction of Songz Automobile's change in net profit over the period of time. It can combine multiple indicators of Songz Automobile, 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 | ||
| Accumulated Other Comprehensive Income | 3.8 B | 4 B | |
| Operating Income | 114.1 M | 180 M | |
| Income Before Tax | 131.9 M | 200.3 M | |
| Net Income Applicable To Common Shares | 107.9 M | 102.5 M | |
| Net Income | 99.8 M | 157 M | |
| Income Tax Expense | 1.2 M | 1.2 M | |
| Net Income From Continuing Ops | 121.9 M | 178.9 M | |
| Total Other Income Expense Net | 25.6 M | 24.3 M | |
| Net Interest Income | 3.8 M | 4 M | |
| Interest Income | 7.9 M | 6.3 M | |
| Change To Netincome | 10.6 M | 10 M |
Songz Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Songz Automobile. 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 Songz Automobile 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 Songz Automobile's important profitability drivers and their relationship over time.
Use Songz Automobile 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 Songz Automobile 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 Songz Automobile will appreciate offsetting losses from the drop in the long position's value.Songz Automobile Pair Trading
Songz Automobile Air Pair Trading Analysis
The ability to find closely correlated positions to Songz Automobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Songz Automobile 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 Songz Automobile - 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 Songz Automobile Air to buy it.
The correlation of Songz Automobile 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 Songz Automobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Songz Automobile Air 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 Songz Automobile 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 Songz Automobile position
In addition to having Songz Automobile 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?
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Other Information on Investing in Songz Stock
To fully project Songz Automobile's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Songz Automobile Air 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 Songz Automobile's income statement, its balance sheet, and the statement of cash flows.