Elevation Oncology Return On Asset vs. Current Ratio
| ELEV Stock | USD 0.64 0.02 3.23% |
For Elevation Oncology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Elevation Oncology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Elevation Oncology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Elevation Oncology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Elevation Oncology over time as well as its relative position and ranking within its peers.
Elevation |
Is Biotechnology 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 Elevation Oncology. If investors know Elevation 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 Elevation Oncology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.80) | Return On Assets (0.25) | Return On Equity (0.64) |
The market value of Elevation Oncology is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Oncology's value that differs from its market value or its book value, called intrinsic value, which is Elevation Oncology'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 Elevation Oncology's market value can be influenced by many factors that don't directly affect Elevation Oncology'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 Elevation Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Oncology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Oncology'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.
Elevation Oncology Current Ratio vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Elevation Oncology's current stock value. Our valuation model uses many indicators to compare Elevation Oncology value to that of its competitors to determine the firm's financial worth. Elevation Oncology is rated # 2 in return on asset category among its peers. It is rated # 5 in current ratio category among its peers . At this time, Elevation Oncology'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 Elevation Oncology 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.Elevation Current Ratio vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Elevation Oncology |
| = | -0.25 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.
Elevation Oncology |
| = | 6.48 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).
Elevation Current Ratio Comparison
Elevation Oncology is currently under evaluation in current ratio category among its peers.
Elevation Oncology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Elevation Oncology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Elevation Oncology will eventually generate negative long term returns. The profitability progress is the general direction of Elevation Oncology's change in net profit over the period of time. It can combine multiple indicators of Elevation Oncology, 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 | 9 K | 9.4 K | |
| Operating Income | -45.4 M | -47.7 M | |
| Income Before Tax | -45.7 M | -48 M | |
| Total Other Income Expense Net | -229 K | -240.4 K | |
| Net Loss | -85.6 M | -81.3 M | |
| Net Loss | -45.7 M | -48 M | |
| Income Tax Expense | 30 K | 31.5 K | |
| Net Loss | -56.8 M | -59.7 M | |
| Net Interest Income | -300 K | -315 K | |
| Interest Income | 3.9 M | 2.7 M | |
| Non Operating Income Net Other | -455.4 K | -478.2 K | |
| Change To Netincome | 4 M | 4.2 M | |
| Net Loss | (1.34) | (1.41) | |
| Income Quality | 1.23 | 0.75 | |
| Net Income Per E B T | 1.00 | 0.80 |
Elevation Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Elevation Oncology. 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 Elevation Oncology 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 Elevation Oncology's important profitability drivers and their relationship over time.
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Additional Tools for Elevation Stock Analysis
When running Elevation Oncology's price analysis, check to measure Elevation Oncology'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 Elevation Oncology is operating at the current time. Most of Elevation Oncology's value examination focuses on studying past and present price action to predict the probability of Elevation Oncology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevation Oncology's price. Additionally, you may evaluate how the addition of Elevation Oncology to your portfolios can decrease your overall portfolio volatility.