Codere Online Current Ratio vs. Working Capital
| CDROW Stock | USD 0.87 0.01 1.14% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 1.44 | Current Value 1.11 | Quarterly Volatility 0.68638871 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.66 | 0.86 |
|
|
For Codere Online profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Codere Online to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Codere Online Luxembourg utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Codere Online's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Codere Online Luxembourg over time as well as its relative position and ranking within its peers.
Codere |
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Codere Online. If investors know Codere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Codere Online listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (428.55) | Revenue Per Share 3.083 | Quarterly Revenue Growth 0.456 | Return On Assets (0.32) | Return On Equity (0.82) |
The market value of Codere Online Luxembourg is measured differently than its book value, which is the value of Codere that is recorded on the company's balance sheet. Investors also form their own opinion of Codere Online's value that differs from its market value or its book value, called intrinsic value, which is Codere Online's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Codere Online's market value can be influenced by many factors that don't directly affect Codere Online's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Codere Online's value and its price as these two are different measures arrived at by different means. Investors typically determine if Codere Online is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Codere Online'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.
Codere Online Luxembourg Working Capital vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Codere Online's current stock value. Our valuation model uses many indicators to compare Codere Online value to that of its competitors to determine the firm's financial worth. Codere Online Luxembourg is number one stock in current ratio category among its peers. It also is number one stock in working capital category among its peers reporting about 45,664,286 of Working Capital per Current Ratio. At this time, Codere Online's Current Ratio is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Codere Online by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Codere Working Capital vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Codere Online |
| = | 0.56 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Codere Online |
| = | 25.57 M |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Codere Working Capital Comparison
Codere Online is currently under evaluation in working capital category among its peers.
Codere Online Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Codere Online, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Codere Online will eventually generate negative long term returns. The profitability progress is the general direction of Codere Online's change in net profit over the period of time. It can combine multiple indicators of Codere Online, 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 | ||
| Accumulated Other Comprehensive Income | 23.9 M | 25.1 M | |
| Net Interest Income | 14.3 M | 15 M | |
| Interest Income | 28.9 M | 30.3 M | |
| Operating Income | -50.3 M | -52.8 M | |
| Net Loss | -41.7 M | -43.8 M | |
| Income Before Tax | -39.1 M | -41 M | |
| Total Other Income Expense Net | 11.2 M | 11.8 M | |
| Net Loss | -39.1 M | -41 M | |
| Income Tax Expense | 3.4 M | 3.6 M | |
| Net Loss | (1.18) | (1.24) | |
| Income Quality | 0.88 | 0.92 | |
| Net Income Per E B T | 0.96 | 0.84 |
Codere Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Codere Online. 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 Codere Online 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 Codere Online's important profitability drivers and their relationship over time.
Use Codere Online 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 Codere Online 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 Codere Online will appreciate offsetting losses from the drop in the long position's value.Codere Online Pair Trading
Codere Online Luxembourg Pair Trading Analysis
The ability to find closely correlated positions to Codere Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codere Online 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 Codere Online - 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 Codere Online Luxembourg to buy it.
The correlation of Codere Online 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 Codere Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codere Online Luxembourg 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 Codere Online 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 Codere Online position
In addition to having Codere Online 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 Artificial Intelligence Thematic Idea Now
Artificial Intelligence
Technology companies, funds, and ETFs across multiple industries that are involved in research or development in the field of reasoning, learning, natural language processing and perception as well as its application to science and commerce. This theme may also include entities involved in cybernetics and cognitive brain simulation field. The Artificial Intelligence 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 Artificial Intelligence Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Codere Stock Analysis
When running Codere Online's price analysis, check to measure Codere Online'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 Codere Online is operating at the current time. Most of Codere Online's value examination focuses on studying past and present price action to predict the probability of Codere Online's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codere Online's price. Additionally, you may evaluate how the addition of Codere Online to your portfolios can decrease your overall portfolio volatility.