Guoguang Electric Shares Outstanding vs. Return On Asset
| 688776 Stock | 48.00 2.95 6.55% |
For Guoguang Electric profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Guoguang Electric to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Guoguang Electric Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Guoguang Electric's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Guoguang Electric Co over time as well as its relative position and ranking within its peers.
Guoguang |
Guoguang Electric Return On Asset vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Guoguang Electric's current stock value. Our valuation model uses many indicators to compare Guoguang Electric value to that of its competitors to determine the firm's financial worth. Guoguang Electric Co 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 . The ratio of Shares Outstanding to Return On Asset for Guoguang Electric Co is about 5,365,495,050 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Guoguang Electric by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Guoguang Electric'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.Guoguang 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.
Guoguang Electric |
| = | 108.38 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.
Guoguang Electric |
| = | 0.0202 |
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.
Guoguang Return On Asset Comparison
Guoguang Electric is currently under evaluation in return on asset category among its peers.
Guoguang Electric Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Guoguang Electric, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Guoguang Electric will eventually generate negative long term returns. The profitability progress is the general direction of Guoguang Electric's change in net profit over the period of time. It can combine multiple indicators of Guoguang Electric, 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 | ||
| Operating Income | 123.3 M | 119 M | |
| Income Before Tax | 116.3 M | 109.3 M | |
| Total Other Income Expense Net | -606.6 K | -636.9 K | |
| Net Income | 103.6 M | 94.7 M | |
| Income Tax Expense | 23.3 M | 14.9 M | |
| Net Interest Income | 19.7 M | 20.7 M | |
| Interest Income | 20.3 M | 21.3 M | |
| Net Income From Continuing Ops | 103.9 M | 123 M |
Guoguang Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Guoguang Electric. 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 Guoguang Electric 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 Guoguang Electric's important profitability drivers and their relationship over time.
Use Guoguang Electric 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 Guoguang Electric 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 Guoguang Electric will appreciate offsetting losses from the drop in the long position's value.Guoguang Electric Pair Trading
Guoguang Electric Co Pair Trading Analysis
The ability to find closely correlated positions to Guoguang Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guoguang Electric 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 Guoguang Electric - 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 Guoguang Electric Co to buy it.
The correlation of Guoguang Electric 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 Guoguang Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guoguang Electric 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 Guoguang Electric 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 Guoguang Electric position
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Other Information on Investing in Guoguang Stock
To fully project Guoguang Electric's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Guoguang Electric 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 Guoguang Electric's income statement, its balance sheet, and the statement of cash flows.