Luoyang Glass Shares Outstanding vs. Return On Asset

600876 Stock   10.49  0.12  1.16%   
Based on Luoyang Glass' profitability indicators, Luoyang Glass may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Luoyang Glass' ability to earn profits and add value for shareholders.
For Luoyang Glass profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Luoyang Glass to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Luoyang Glass utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Luoyang Glass's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Luoyang Glass over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Luoyang Glass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luoyang Glass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luoyang Glass' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Luoyang Glass Return On Asset vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Luoyang Glass's current stock value. Our valuation model uses many indicators to compare Luoyang Glass value to that of its competitors to determine the firm's financial worth.
Luoyang Glass is number one stock in shares outstanding category among its peers. It also is number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Luoyang Glass by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Luoyang Glass' 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.

Luoyang Return On Asset vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Luoyang Glass

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
395.68 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.

Luoyang Glass

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.009
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.

Luoyang Return On Asset Comparison

Luoyang Glass is currently under evaluation in return on asset category among its peers.

Luoyang Glass Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Luoyang Glass, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Luoyang Glass will eventually generate negative long term returns. The profitability progress is the general direction of Luoyang Glass' change in net profit over the period of time. It can combine multiple indicators of Luoyang Glass, 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 ReportedProjected for Next Year
Operating Income536.4 M563.2 M
Income Before Tax501.4 M526.4 M
Net Income Applicable To Common Shares304.3 M319.5 M
Net Income394.7 M414.5 M
Income Tax Expense12.8 M14.6 M
Net Income From Continuing Ops464.8 M488.1 M
Total Other Income Expense Net-46.4 M-44.1 M
Net Interest Income-78.2 M-82.1 M
Interest Income7.6 M5.8 M
Change To Netincome271.3 M140.9 M

Luoyang Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Luoyang Glass. 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 Luoyang Glass 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 Luoyang Glass' important profitability drivers and their relationship over time.

Use Luoyang Glass 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 Luoyang Glass 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 Luoyang Glass will appreciate offsetting losses from the drop in the long position's value.

Luoyang Glass Pair Trading

Luoyang Glass Pair Trading Analysis

The ability to find closely correlated positions to Luoyang Glass could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luoyang Glass 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 Luoyang Glass - 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 Luoyang Glass to buy it.
The correlation of Luoyang Glass 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 Luoyang Glass moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luoyang Glass 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 Luoyang Glass 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Luoyang Glass position

In addition to having Luoyang Glass 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 Money Market Funds Thematic Idea Now

Money Market Funds
Money Market Funds Theme
Funds or Etfs investing in various types of short-term (less than one year) fixed income instruments of high-quality and liquidity. The Money Market Funds theme has 38 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 Money Market Funds Theme or any other thematic opportunities.
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Other Information on Investing in Luoyang Stock

To fully project Luoyang Glass' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Luoyang Glass 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 Luoyang Glass' income statement, its balance sheet, and the statement of cash flows.
Potential Luoyang Glass investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Luoyang Glass investors may work on each financial statement separately, they are all related. The changes in Luoyang Glass's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Luoyang Glass's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.