Tong Hsing EBITDA vs. Gross Profit
| 6271 Stock | TWD 134.00 2.00 1.52% |
For Tong Hsing profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tong Hsing to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tong Hsing Electronic utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tong Hsing's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tong Hsing Electronic over time as well as its relative position and ranking within its peers.
Tong |
Tong Hsing Electronic Gross Profit vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tong Hsing's current stock value. Our valuation model uses many indicators to compare Tong Hsing value to that of its competitors to determine the firm's financial worth. Tong Hsing Electronic is number one stock in ebitda category among its peers. It also is number one stock in gross profit category among its peers fabricating about 0.93 of Gross Profit per EBITDA. The ratio of EBITDA to Gross Profit for Tong Hsing Electronic is roughly 1.08 . 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 Tong Hsing's earnings, one of the primary drivers of an investment's value.Tong Gross Profit vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Tong Hsing |
| = | 4.98 B |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Tong Hsing |
| = | 4.61 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Tong Gross Profit Comparison
Tong Hsing is currently under evaluation in gross profit category among its peers.
Tong Hsing Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tong Hsing, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tong Hsing will eventually generate negative long term returns. The profitability progress is the general direction of Tong Hsing's change in net profit over the period of time. It can combine multiple indicators of Tong Hsing, 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.
Tong Hsing Electronic Industries, Ltd. develops, manufactures, and sells micro modules and custom semiconductor packages in Taiwan. The company was founded in 1974 and is headquartered in Taipei, Taiwan. TONG HSING is traded on Taiwan Stock Exchange in Taiwan.
Tong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tong Hsing. 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 Tong Hsing 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 Tong Hsing's important profitability drivers and their relationship over time.
Use Tong Hsing 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 Tong Hsing 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 Tong Hsing will appreciate offsetting losses from the drop in the long position's value.Tong Hsing Pair Trading
Tong Hsing Electronic Pair Trading Analysis
The ability to find closely correlated positions to Tong Hsing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tong Hsing 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 Tong Hsing - 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 Tong Hsing Electronic to buy it.
The correlation of Tong Hsing 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 Tong Hsing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tong Hsing Electronic 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 Tong Hsing 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 Tong Hsing position
In addition to having Tong Hsing 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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Additional Tools for Tong Stock Analysis
When running Tong Hsing's price analysis, check to measure Tong Hsing'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 Tong Hsing is operating at the current time. Most of Tong Hsing's value examination focuses on studying past and present price action to predict the probability of Tong Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Hsing's price. Additionally, you may evaluate how the addition of Tong Hsing to your portfolios can decrease your overall portfolio volatility.