Rongsheng Petrochemical Net Income vs. Cash Flow From Operations
| 002493 Stock | 9.52 0.08 0.83% |
Net Income | First Reported 2009-09-30 | Previous Quarter 305.6 M | Current Value 18.7 M | Quarterly Volatility 1.4 B |
For Rongsheng Petrochemical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Rongsheng Petrochemical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Rongsheng Petrochemical Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Rongsheng Petrochemical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Rongsheng Petrochemical Co over time as well as its relative position and ranking within its peers.
Rongsheng |
Rongsheng Petrochemical Cash Flow From Operations vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Rongsheng Petrochemical's current stock value. Our valuation model uses many indicators to compare Rongsheng Petrochemical value to that of its competitors to determine the firm's financial worth. Rongsheng Petrochemical Co is number one stock in net income category among its peers. It also is number one stock in cash flow from operations category among its peers making about 17.51 of Cash Flow From Operations per Net Income. At present, Rongsheng Petrochemical's Net Income 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 Rongsheng Petrochemical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Rongsheng Petrochemical'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.Rongsheng Cash Flow From Operations vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Rongsheng Petrochemical |
| = | 1.6 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Rongsheng Petrochemical |
| = | 28.08 B |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Rongsheng Cash Flow From Operations Comparison
Rongsheng Petrochemical is currently under evaluation in cash flow from operations category among its peers.
Rongsheng Petrochemical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Rongsheng Petrochemical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Rongsheng Petrochemical will eventually generate negative long term returns. The profitability progress is the general direction of Rongsheng Petrochemical's change in net profit over the period of time. It can combine multiple indicators of Rongsheng Petrochemical, 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 | 1.2 B | 877.8 M | |
| Operating Income | 1.6 B | 1.5 B | |
| Income Before Tax | 1.6 B | 1.5 B | |
| Total Other Income Expense Net | -7.7 M | -8.1 M | |
| Net Income Applicable To Common Shares | 3.8 B | 2.7 B | |
| Net Income | 1.6 B | 1.5 B | |
| Income Tax Expense | -50.6 M | -48.1 M | |
| Net Income From Continuing Ops | 1.6 B | 1.5 B | |
| Net Interest Income | -7.2 B | -6.9 B | |
| Interest Income | 462.2 M | 237.2 M | |
| Change To Netincome | 9.8 B | 10.2 B |
Rongsheng Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Rongsheng Petrochemical. 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 Rongsheng Petrochemical 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 Rongsheng Petrochemical's important profitability drivers and their relationship over time.
Use Rongsheng Petrochemical 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 Rongsheng Petrochemical 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 Rongsheng Petrochemical will appreciate offsetting losses from the drop in the long position's value.Rongsheng Petrochemical Pair Trading
Rongsheng Petrochemical Co Pair Trading Analysis
The ability to find closely correlated positions to Rongsheng Petrochemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rongsheng Petrochemical 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 Rongsheng Petrochemical - 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 Rongsheng Petrochemical Co to buy it.
The correlation of Rongsheng Petrochemical 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 Rongsheng Petrochemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rongsheng Petrochemical 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 Rongsheng Petrochemical 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 Rongsheng Petrochemical position
In addition to having Rongsheng Petrochemical 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 Rongsheng Stock
To fully project Rongsheng Petrochemical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Rongsheng Petrochemical 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 Rongsheng Petrochemical's income statement, its balance sheet, and the statement of cash flows.