Eros Resources EBITDA vs. Revenue
| ERC Stock | CAD 0.04 0.00 0.00% |
EBITDA | First Reported 2010-12-31 | Previous Quarter -8 M | Current Value -7.6 M | Quarterly Volatility 3 M |
For Eros Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eros Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eros Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eros Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eros Resources Corp over time as well as its relative position and ranking within its peers.
Eros |
Eros Resources Corp Revenue vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eros Resources's current stock value. Our valuation model uses many indicators to compare Eros Resources value to that of its competitors to determine the firm's financial worth. Eros Resources Corp is one of the top stocks in ebitda category among its peers. It also is rated as one of the top companies in revenue category among its peers . Eros Resources reported EBITDA of (7.96 Million) in 2023. 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 Eros Resources' earnings, one of the primary drivers of an investment's value.Eros Revenue vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Eros Resources |
| = | (557.78 K) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Eros Resources |
| = | 75 |
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.
Eros Revenue vs Competition
Eros Resources Corp is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Materials industry is currently estimated at about 574.88 Billion. Eros Resources adds roughly 75.0 in revenue claiming only tiny portion of all equities under Materials industry.
Eros Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eros Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eros Resources will eventually generate negative long term returns. The profitability progress is the general direction of Eros Resources' change in net profit over the period of time. It can combine multiple indicators of Eros Resources, 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 | ||
| Operating Income | -497.3 K | -522.1 K | |
| Net Loss | -5.1 M | -4.8 M | |
| Income Before Tax | -4.3 M | -4 M | |
| Total Other Income Expense Net | -3.6 M | -3.4 M | |
| Net Income Applicable To Common Shares | 1.2 M | 1.3 M | |
| Net Loss | -5.1 M | -4.8 M | |
| Income Tax Expense | -356.2 K | -338.4 K | |
| Net Interest Income | -152.3 K | -144.6 K | |
| Interest Income | 6.8 K | 6.5 K | |
| Change To Netincome | -1.3 M | -1.4 M |
Eros Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eros Resources. 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 Eros Resources 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 Eros Resources' important profitability drivers and their relationship over time.
Use Eros Resources 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 Eros Resources 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 Eros Resources will appreciate offsetting losses from the drop in the long position's value.Eros Resources Pair Trading
Eros Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Eros Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eros Resources 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 Eros Resources - 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 Eros Resources Corp to buy it.
The correlation of Eros Resources 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 Eros Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eros Resources Corp 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 Eros Resources 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 Eros Resources position
In addition to having Eros Resources 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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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 Momentum Theme or any other thematic opportunities.
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Additional Tools for Eros Stock Analysis
When running Eros Resources' price analysis, check to measure Eros Resources' 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 Eros Resources is operating at the current time. Most of Eros Resources' value examination focuses on studying past and present price action to predict the probability of Eros Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eros Resources' price. Additionally, you may evaluate how the addition of Eros Resources to your portfolios can decrease your overall portfolio volatility.