Shin Hai Return On Asset vs. Revenue
| 9926 Stock | TWD 52.10 0.20 0.38% |
For Shin Hai profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shin Hai to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shin Hai Gas utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shin Hai's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shin Hai Gas over time as well as its relative position and ranking within its peers.
Shin |
Shin Hai Gas Revenue vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shin Hai's current stock value. Our valuation model uses many indicators to compare Shin Hai value to that of its competitors to determine the firm's financial worth. Shin Hai Gas is number one stock in return on asset category among its peers. It also is the top company in revenue category among its peers totaling about 52,632,923,833 of Revenue per Return On Asset. 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 Shin Hai's earnings, one of the primary drivers of an investment's value.Shin Revenue vs. Return On Asset
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.
Shin Hai |
| = | 0.0407 |
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.
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.
Shin Hai |
| = | 2.14 B |
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.
Shin Revenue vs Competition
Shin Hai Gas is the top company in revenue category among its peers. Market size based on revenue of Utilities industry is presently estimated at about 582.5 Billion. Shin Hai adds roughly 2.14 Billion in revenue claiming only tiny portion of Utilities industry.
Shin Hai Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shin Hai, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shin Hai will eventually generate negative long term returns. The profitability progress is the general direction of Shin Hai's change in net profit over the period of time. It can combine multiple indicators of Shin Hai, 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.
The company also offers interrupting devices, microcomputer gas meters, safety equipment, stoves, and dryers. The company was founded in 1966 and is based in New Taipei City, Taiwan. SHIN HAI operates under Utilities - Regulated Gas classification in Taiwan and is traded on Taiwan Stock Exchange.
Shin Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shin Hai. 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 Shin Hai 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 Shin Hai's important profitability drivers and their relationship over time.
Use Shin Hai 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 Shin Hai 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 Shin Hai will appreciate offsetting losses from the drop in the long position's value.Shin Hai Pair Trading
Shin Hai Gas Pair Trading Analysis
The ability to find closely correlated positions to Shin Hai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shin Hai 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 Shin Hai - 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 Shin Hai Gas to buy it.
The correlation of Shin Hai 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 Shin Hai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shin Hai Gas 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 Shin Hai 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 Shin Hai position
In addition to having Shin Hai 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 Shin Stock Analysis
When running Shin Hai's price analysis, check to measure Shin Hai'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 Shin Hai is operating at the current time. Most of Shin Hai's value examination focuses on studying past and present price action to predict the probability of Shin Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Hai's price. Additionally, you may evaluate how the addition of Shin Hai to your portfolios can decrease your overall portfolio volatility.