Covalon Technologies Price To Sales vs. Revenue
| COV Stock | CAD 3.45 0.27 7.26% |
Covalon Technologies Price To Sales Ratio |
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| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.43 | 0.49 |
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For Covalon Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Covalon Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Covalon Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Covalon Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Covalon Technologies over time as well as its relative position and ranking within its peers.
Covalon |
Covalon Technologies Revenue vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Covalon Technologies's current stock value. Our valuation model uses many indicators to compare Covalon Technologies value to that of its competitors to determine the firm's financial worth. Covalon Technologies is rated second in price to sales category among its peers. It also is rated second in revenue category among its peers totaling about 8,214,760 of Revenue per Price To Sales. At this time, Covalon Technologies' Price To Sales Ratio is fairly stable compared to the past year. 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 Covalon Technologies' earnings, one of the primary drivers of an investment's value.Covalon Revenue vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Covalon Technologies |
| = | 3.24 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Covalon Technologies |
| = | 26.6 M |
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.
Covalon Revenue vs Competition
Covalon Technologies is rated second in revenue category among its peers. Market size based on revenue of Health Care industry is currently estimated at about 74.7 Million. Covalon Technologies totals roughly 26.6 Million in revenue claiming about 36% of equities under Health Care industry.
Covalon Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Covalon Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Covalon Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Covalon Technologies' change in net profit over the period of time. It can combine multiple indicators of Covalon Technologies, 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 | 3.4 M | 3.6 M | |
| Operating Income | -4.1 M | -4.3 M | |
| Income Before Tax | -4 M | -4.2 M | |
| Total Other Income Expense Net | 60.8 K | 63.8 K | |
| Net Loss | -4 M | -4.2 M | |
| Income Tax Expense | 721.3 K | 757.4 K | |
| Net Loss | -4 M | -4.2 M | |
| Net Loss | -11.1 M | -10.6 M | |
| Net Interest Income | 77.6 K | 81.5 K | |
| Change To Netincome | 301.9 K | 317 K | |
| Net Loss | (0.16) | (0.17) | |
| Income Quality | 0.64 | 0.59 | |
| Net Income Per E B T | 0.94 | 0.89 |
Covalon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Covalon Technologies. 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 Covalon Technologies 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 Covalon Technologies' important profitability drivers and their relationship over time.
Use Covalon Technologies 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 Covalon Technologies 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 Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.Covalon Technologies Pair Trading
Covalon Technologies Pair Trading Analysis
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies 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 Covalon Technologies - 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 Covalon Technologies to buy it.
The correlation of Covalon Technologies 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 Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies 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 Covalon Technologies 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 Covalon Technologies position
In addition to having Covalon Technologies 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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Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 46 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 Office Supplies Theme or any other thematic opportunities.
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Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.