Chongqing Shunbo Net Income vs. Total Debt
| 002996 Stock | 6.56 0.28 4.09% |
Net Income | First Reported 2019-09-30 | Previous Quarter 51.7 M | Current Value 32.2 M | Quarterly Volatility 37.9 M |
For Chongqing Shunbo profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Chongqing Shunbo to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Chongqing Shunbo Aluminum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Chongqing Shunbo's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Chongqing Shunbo Aluminum over time as well as its relative position and ranking within its peers.
Chongqing |
Chongqing Shunbo Aluminum Total Debt vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Chongqing Shunbo's current stock value. Our valuation model uses many indicators to compare Chongqing Shunbo value to that of its competitors to determine the firm's financial worth. Chongqing Shunbo Aluminum is rated below average in net income category among its peers. It is rated below average in total debt category among its peers making up about 32.54 of Total Debt per Net Income. At present, Chongqing Shunbo'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 Chongqing Shunbo by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Chongqing Shunbo'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.Chongqing Total Debt 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.
Chongqing Shunbo |
| = | 124.95 M |
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.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Chongqing Shunbo |
| = | 4.07 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Chongqing Total Debt vs Competition
Chongqing Shunbo Aluminum is rated below average in total debt category among its peers. Total debt of Materials industry is presently estimated at about 315.19 Billion. Chongqing Shunbo claims roughly 4.07 Billion in total debt contributing just under 2% to all equities under Materials industry.
Chongqing Shunbo Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Chongqing Shunbo, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Chongqing Shunbo will eventually generate negative long term returns. The profitability progress is the general direction of Chongqing Shunbo's change in net profit over the period of time. It can combine multiple indicators of Chongqing Shunbo, 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 | 242.8 M | 147.4 M | |
| Net Interest Income | -69.1 M | -72.6 M | |
| Interest Income | 21.5 M | 22.6 M | |
| Operating Income | 264.7 M | 335.4 M | |
| Net Income From Continuing Ops | 121.5 M | 214.5 M | |
| Income Before Tax | 129.1 M | 248 M | |
| Net Income Applicable To Common Shares | 393.5 M | 209.1 M | |
| Net Income | 124.9 M | 201.5 M | |
| Income Tax Expense | 61.5 M | 36.4 M | |
| Change To Netincome | 101.1 M | 55.2 M |
Chongqing Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Chongqing Shunbo. 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 Chongqing Shunbo 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 Chongqing Shunbo's important profitability drivers and their relationship over time.
Use Chongqing Shunbo 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 Chongqing Shunbo 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 Chongqing Shunbo will appreciate offsetting losses from the drop in the long position's value.Chongqing Shunbo Pair Trading
Chongqing Shunbo Aluminum Pair Trading Analysis
The ability to find closely correlated positions to Chongqing Shunbo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chongqing Shunbo 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 Chongqing Shunbo - 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 Chongqing Shunbo Aluminum to buy it.
The correlation of Chongqing Shunbo 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 Chongqing Shunbo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chongqing Shunbo 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 Chongqing Shunbo 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 Chongqing Shunbo position
In addition to having Chongqing Shunbo 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 Chongqing Stock
To fully project Chongqing Shunbo's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Chongqing Shunbo 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 Chongqing Shunbo's income statement, its balance sheet, and the statement of cash flows.