Electrosteel Castings Revenue vs. Cash And Equivalents
| ELECTCAST | 155.47 4.45 2.78% |
Total Revenue | First Reported 2018-06-30 | Previous Quarter 20.1 B | Current Value 18.3 B | Quarterly Volatility 5.6 B |
For Electrosteel Castings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Electrosteel Castings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Electrosteel Castings Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Electrosteel Castings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Electrosteel Castings Limited over time as well as its relative position and ranking within its peers.
Electrosteel |
Electrosteel Castings Cash And Equivalents vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Electrosteel Castings's current stock value. Our valuation model uses many indicators to compare Electrosteel Castings value to that of its competitors to determine the firm's financial worth. Electrosteel Castings Limited is rated # 5 in revenue category among its peers. It is rated below average in cash and equivalents category among its peers . The ratio of Revenue to Cash And Equivalents for Electrosteel Castings Limited is about 1,199 . At present, Electrosteel Castings' Total Revenue is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Electrosteel Castings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Electrosteel Castings' 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.Electrosteel Revenue vs. Competition
Electrosteel Castings Limited is rated # 5 in revenue category among its peers. Market size based on revenue of Materials industry is currently estimated at about 1.59 Trillion. Electrosteel Castings holds roughly 74.78 Billion in revenue claiming about 5% of all equities under Materials industry.
Electrosteel 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.
Electrosteel Castings |
| = | 74.78 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.
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.
Electrosteel Castings |
| = | 62.39 M |
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).
Electrosteel Cash And Equivalents Comparison
Electrosteel Castings is currently under evaluation in cash and equivalents category among its peers.
Electrosteel Castings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Electrosteel Castings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Electrosteel Castings will eventually generate negative long term returns. The profitability progress is the general direction of Electrosteel Castings' change in net profit over the period of time. It can combine multiple indicators of Electrosteel Castings, 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 | 11.8 B | 12.4 B | |
| Operating Income | 31.4 B | 33 B | |
| Income Before Tax | 9.4 B | 9.8 B | |
| Total Other Income Expense Net | -22 B | -20.9 B | |
| Net Income | 7.4 B | 7.8 B | |
| Income Tax Expense | 2 B | 2.1 B | |
| Net Income From Continuing Ops | 7.4 B | 7.8 B | |
| Net Income Applicable To Common Shares | 3.6 B | 3.8 B | |
| Interest Income | 3.3 B | 2.1 B | |
| Net Interest Income | -2.2 B | -2.3 B | |
| Change To Netincome | 1.3 B | 1.9 B |
Electrosteel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Electrosteel Castings. 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 Electrosteel Castings 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 Electrosteel Castings' important profitability drivers and their relationship over time.
Use Electrosteel Castings 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 Electrosteel Castings 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 Electrosteel Castings will appreciate offsetting losses from the drop in the long position's value.Electrosteel Castings Pair Trading
Electrosteel Castings Limited Pair Trading Analysis
The ability to find closely correlated positions to Electrosteel Castings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrosteel Castings 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 Electrosteel Castings - 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 Electrosteel Castings Limited to buy it.
The correlation of Electrosteel Castings 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 Electrosteel Castings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrosteel Castings 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 Electrosteel Castings 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 Electrosteel Castings position
In addition to having Electrosteel Castings 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 Electrosteel Stock
To fully project Electrosteel Castings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Electrosteel Castings 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 Electrosteel Castings' income statement, its balance sheet, and the statement of cash flows.