Hefei Metalforming Net Income vs. Return On Asset

603011 Stock   7.79  0.09  1.17%   
Considering the key profitability indicators obtained from Hefei Metalforming's historical financial statements, Hefei Metalforming Mach may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in December. Profitability indicators assess Hefei Metalforming's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
2018-06-30
Previous Quarter
5.5 M
Current Value
5.3 M
Quarterly Volatility
33 M
 
Covid
For Hefei Metalforming profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hefei Metalforming to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hefei Metalforming Mach utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hefei Metalforming's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hefei Metalforming Mach 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 Hefei Metalforming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hefei Metalforming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hefei Metalforming's 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.

Hefei Metalforming Mach Return On Asset vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Hefei Metalforming's current stock value. Our valuation model uses many indicators to compare Hefei Metalforming value to that of its competitors to determine the firm's financial worth.
Hefei Metalforming Mach is number one stock in net income category among its peers. It also is number one stock in return on asset category among its peers . At present, Hefei Metalforming's Net Income is projected to decrease 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 Hefei Metalforming by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hefei Metalforming'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.

Hefei Return On Asset 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.

Hefei Metalforming

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
16.64 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.
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.

Hefei Metalforming

Return On Asset

 = 

Net Income

Total Assets

 = 
-9.0E-4
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.

Hefei Return On Asset Comparison

Hefei Metalforming is currently under evaluation in return on asset category among its peers.

Hefei Metalforming Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Hefei Metalforming, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hefei Metalforming will eventually generate negative long term returns. The profitability progress is the general direction of Hefei Metalforming's change in net profit over the period of time. It can combine multiple indicators of Hefei Metalforming, 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 Income134.5 M79 M
Income Before Tax63 M36.4 M
Net Income Applicable To Common Shares57.9 M34.6 M
Net Income16.6 M30.8 M
Income Tax Expense6.3 M3.7 M
Net Income From Continuing Ops15.4 M28.2 M
Total Other Income Expense Net30.2 M18.9 M
Net Interest Income-30.5 M-28.9 M
Interest Income1.9 M1.1 M
Change To Netincome35.7 M22.1 M

Hefei Profitability Driver Comparison

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

Use Hefei Metalforming 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 Hefei Metalforming 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 Hefei Metalforming will appreciate offsetting losses from the drop in the long position's value.

Hefei Metalforming Pair Trading

Hefei Metalforming Mach Pair Trading Analysis

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

In addition to having Hefei Metalforming 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 Alternative Energy Thematic Idea Now

Alternative Energy
Alternative Energy Theme
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 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 Alternative Energy Theme or any other thematic opportunities.
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Other Information on Investing in Hefei Stock

To fully project Hefei Metalforming's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hefei Metalforming Mach 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 Hefei Metalforming's income statement, its balance sheet, and the statement of cash flows.
Potential Hefei Metalforming investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Hefei Metalforming investors may work on each financial statement separately, they are all related. The changes in Hefei Metalforming's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hefei Metalforming'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.