Tianshan Aluminum Price To Sales vs. Return On Asset
| 002532 Stock | 8.01 0.55 6.43% |
For Tianshan Aluminum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tianshan Aluminum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tianshan Aluminum Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tianshan Aluminum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tianshan Aluminum Group over time as well as its relative position and ranking within its peers.
Tianshan |
Tianshan Aluminum Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tianshan Aluminum's current stock value. Our valuation model uses many indicators to compare Tianshan Aluminum value to that of its competitors to determine the firm's financial worth. Tianshan Aluminum Group is number one stock in price to sales category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.04 of Return On Asset per Price To Sales. The ratio of Price To Sales to Return On Asset for Tianshan Aluminum Group is roughly 27.56 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Tianshan Aluminum by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tianshan Aluminum'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.Tianshan Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Tianshan Aluminum |
| = | 1.36 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Tianshan Aluminum |
| = | 0.0493 |
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.
Tianshan Return On Asset Comparison
Tianshan Aluminum is currently under evaluation in return on asset category among its peers.
Tianshan Aluminum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tianshan Aluminum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tianshan Aluminum will eventually generate negative long term returns. The profitability progress is the general direction of Tianshan Aluminum's change in net profit over the period of time. It can combine multiple indicators of Tianshan Aluminum, 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 | 3.4 B | 3.6 B | |
| Income Before Tax | 2.7 B | 2.8 B | |
| Net Income Applicable To Common Shares | 3 B | 3.2 B | |
| Net Income | 2.2 B | 2.3 B | |
| Income Tax Expense | 822.3 M | 863.4 M | |
| Net Income From Continuing Ops | 2.2 B | 1.4 B | |
| Total Other Income Expense Net | -100.9 K | -95.8 K | |
| Net Interest Income | -769.4 M | -730.9 M | |
| Interest Income | 148.2 M | 83.5 M | |
| Change To Netincome | 985.9 M | 797 M |
Tianshan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tianshan Aluminum. 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 Tianshan Aluminum 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 Tianshan Aluminum's important profitability drivers and their relationship over time.
Use Tianshan Aluminum 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 Tianshan Aluminum 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 Tianshan Aluminum will appreciate offsetting losses from the drop in the long position's value.Tianshan Aluminum Pair Trading
Tianshan Aluminum Group Pair Trading Analysis
The ability to find closely correlated positions to Tianshan Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianshan Aluminum 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 Tianshan Aluminum - 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 Tianshan Aluminum Group to buy it.
The correlation of Tianshan Aluminum 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 Tianshan Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tianshan Aluminum 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 Tianshan Aluminum 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 Tianshan Aluminum position
In addition to having Tianshan Aluminum 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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Companies involved in money management and investment banking services. The Investing theme has 45 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 Investing Theme or any other thematic opportunities.
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Other Information on Investing in Tianshan Stock
To fully project Tianshan Aluminum's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tianshan Aluminum 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 Tianshan Aluminum's income statement, its balance sheet, and the statement of cash flows.