Canon Revenue vs. Cash And Equivalents
| CNNA Stock | EUR 31.40 1.40 4.67% |
For Canon profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canon to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canon Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canon's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canon Inc over time as well as its relative position and ranking within its peers.
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Canon Inc Cash And Equivalents vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canon's current stock value. Our valuation model uses many indicators to compare Canon value to that of its competitors to determine the firm's financial worth. Canon Inc is the top company in revenue category among its peers. It also is number one stock in cash and equivalents category among its peers . The ratio of Revenue to Cash And Equivalents for Canon Inc is about 827.81 . 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 Canon's earnings, one of the primary drivers of an investment's value.Canon Revenue vs. Competition
Canon Inc is the top company in revenue category among its peers. Market size based on revenue of Business Equipment industry is currently estimated at about 5.66 Trillion. Canon totals roughly 4.03 Trillion in revenue claiming about 71% of stocks in Business Equipment industry.
Canon Cash And Equivalents vs. Revenue
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.
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| = | 4.03 T |
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
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| = | 4.87 B |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Canon Cash And Equivalents Comparison
Canon is currently under evaluation in cash and equivalents category among its peers.
Canon Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canon, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canon will eventually generate negative long term returns. The profitability progress is the general direction of Canon's change in net profit over the period of time. It can combine multiple indicators of Canon, 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.
Canon Inc. manufactures and sells office multifunction devices , plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan. CANON INC operates under Business Equipment classification in Germany and is traded on Frankfurt Stock Exchange. It employs 195056 people.
Canon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canon. 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 Canon 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 Canon's important profitability drivers and their relationship over time.
Use Canon 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 Canon 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 Canon will appreciate offsetting losses from the drop in the long position's value.Canon Pair Trading
Canon Inc Pair Trading Analysis
The ability to find closely correlated positions to Canon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canon 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 Canon - 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 Canon Inc to buy it.
The correlation of Canon 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 Canon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canon Inc 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 Canon 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 Canon position
In addition to having Canon 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 Target Outcome ETFs Thematic Idea Now
Target Outcome ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Outcome ETFs theme has 93 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 Target Outcome ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Canon Stock
To fully project Canon's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canon Inc 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 Canon's income statement, its balance sheet, and the statement of cash flows.