Enthusiast Gaming Gross Profit vs. Net Income
| EGLX Stock | CAD 0.14 0.01 6.67% |
Gross Profit | First Reported 2019-03-31 | Previous Quarter 7 M | Current Value 3.2 M | Quarterly Volatility 5.9 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.25 | 0.3784 |
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For Enthusiast Gaming profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enthusiast Gaming to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enthusiast Gaming Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enthusiast Gaming's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enthusiast Gaming Holdings over time as well as its relative position and ranking within its peers.
Enthusiast |
Enthusiast Gaming Net Income vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enthusiast Gaming's current stock value. Our valuation model uses many indicators to compare Enthusiast Gaming value to that of its competitors to determine the firm's financial worth. Enthusiast Gaming Holdings is one of the top stocks in gross profit category among its peers. It also is one of the top stocks in net income category among its peers . At this time, Enthusiast Gaming's Gross Profit is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Enthusiast Gaming by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enthusiast Gaming'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.Enthusiast Net Income vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Enthusiast Gaming |
| = | 63.46 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Enthusiast Gaming |
| = | (117.67 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enthusiast Net Income Comparison
Enthusiast Gaming is currently under evaluation in net income category among its peers.
Enthusiast Gaming Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enthusiast Gaming, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enthusiast Gaming will eventually generate negative long term returns. The profitability progress is the general direction of Enthusiast Gaming's change in net profit over the period of time. It can combine multiple indicators of Enthusiast Gaming, 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 | 7.2 M | 7.6 M | |
| Operating Income | -35.1 M | -36.8 M | |
| Income Before Tax | -128.3 M | -121.9 M | |
| Total Other Income Expense Net | -93.2 M | -88.6 M | |
| Net Loss | -69.1 M | -65.7 M | |
| Net Loss | -117.7 M | -111.8 M | |
| Income Tax Expense | -10.2 M | -9.7 M | |
| Net Interest Income | -3.2 M | -3.4 M | |
| Interest Income | 32.6 K | 31 K | |
| Net Loss | -69.1 M | -72.6 M | |
| Change To Netincome | 39.7 M | 27.4 M | |
| Net Loss | (0.77) | (0.81) | |
| Income Quality | 0.02 | 0.02 | |
| Net Income Per E B T | 0.92 | 1.07 |
Enthusiast Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enthusiast Gaming. 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 Enthusiast Gaming 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 Enthusiast Gaming's important profitability drivers and their relationship over time.
Use Enthusiast Gaming 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 Enthusiast Gaming 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 Enthusiast Gaming will appreciate offsetting losses from the drop in the long position's value.Enthusiast Gaming Pair Trading
Enthusiast Gaming Holdings Pair Trading Analysis
The ability to find closely correlated positions to Enthusiast Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enthusiast Gaming 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 Enthusiast Gaming - 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 Enthusiast Gaming Holdings to buy it.
The correlation of Enthusiast Gaming 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 Enthusiast Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enthusiast Gaming 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 Enthusiast Gaming 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 Enthusiast Gaming position
In addition to having Enthusiast Gaming 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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Other Information on Investing in Enthusiast Stock
To fully project Enthusiast Gaming's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enthusiast Gaming 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 Enthusiast Gaming's income statement, its balance sheet, and the statement of cash flows.