Prime Oil Revenue vs. Cash Per Share
| 2904 Stock | TWD 18.00 0.05 0.28% |
For Prime Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Prime Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Prime Oil Chemical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Prime Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Prime Oil Chemical over time as well as its relative position and ranking within its peers.
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Prime Oil Chemical Cash Per Share vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Prime Oil's current stock value. Our valuation model uses many indicators to compare Prime Oil value to that of its competitors to determine the firm's financial worth. Prime Oil Chemical is the top company in revenue category among its peers. It also is number one stock in cash per share category among its peers . The ratio of Revenue to Cash Per Share for Prime Oil Chemical is about 172,632,963 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Prime Oil's earnings, one of the primary drivers of an investment's value.Prime Revenue vs. Competition
Prime Oil Chemical is the top company in revenue category among its peers. Market size based on revenue of Energy industry is presently estimated at about 291.37 Billion. Prime Oil adds roughly 466.11 Million in revenue claiming only tiny portion of equities under Energy industry.
Prime Cash Per Share vs. Revenue
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.
Prime Oil |
| = | 466.11 M |
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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Prime Oil |
| = | 2.70 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Prime Cash Per Share Comparison
Prime Oil is currently under evaluation in cash per share category among its peers.
Prime Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Prime Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Prime Oil will eventually generate negative long term returns. The profitability progress is the general direction of Prime Oil's change in net profit over the period of time. It can combine multiple indicators of Prime Oil, 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.
Prime Oil Chemical Service Corporation operates as an oil and petrochemical storage and transshipping company in Taiwan. Prime Oil Chemical Service Corporation was founded in 1978 and is headquartered in Taipei City, Taiwan. PAN OVERSEAS operates under Oil Gas Equipment Services classification in Taiwan and is traded on Taiwan Stock Exchange.
Prime Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Prime Oil. 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 Prime Oil 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 Prime Oil's important profitability drivers and their relationship over time.
Use Prime Oil 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 Prime Oil 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 Prime Oil will appreciate offsetting losses from the drop in the long position's value.Prime Oil Pair Trading
Prime Oil Chemical Pair Trading Analysis
The ability to find closely correlated positions to Prime Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Oil 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 Prime Oil - 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 Prime Oil Chemical to buy it.
The correlation of Prime Oil 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 Prime Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Oil Chemical 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 Prime Oil 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 Prime Oil position
In addition to having Prime Oil 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 Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 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 Basic Utilities Theme or any other thematic opportunities.
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Additional Tools for Prime Stock Analysis
When running Prime Oil's price analysis, check to measure Prime Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prime Oil is operating at the current time. Most of Prime Oil's value examination focuses on studying past and present price action to predict the probability of Prime Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Oil's price. Additionally, you may evaluate how the addition of Prime Oil to your portfolios can decrease your overall portfolio volatility.