EVIO Revenue vs. Cash Flow From Operations
Considering EVIO's profitability and operating efficiency indicators, EVIO Inc may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess EVIO's ability to earn profits and add value for shareholders.
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For EVIO profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EVIO to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well EVIO Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EVIO's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of EVIO Inc over time as well as its relative position and ranking within its peers.
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EVIO Inc Cash Flow From Operations vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EVIO's current stock value. Our valuation model uses many indicators to compare EVIO value to that of its competitors to determine the firm's financial worth. EVIO Inc is rated # 2 in revenue category among its peers. It is one of the top stocks in cash flow from operations category among its peers making about 0.05 of Cash Flow From Operations per Revenue. The ratio of Revenue to Cash Flow From Operations for EVIO Inc is roughly 18.32 . Comparative valuation analysis is a catch-all model that can be used if you cannot value EVIO by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EVIO's Pink Sheet. 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.EVIO Revenue vs. Competition
EVIO Inc is rated # 2 in revenue category among its peers. Market size based on revenue of Drug Manufacturers—Specialty & Generic industry is currently estimated at about 31.5 Million. EVIO holds roughly 2.36 Million in revenue claiming about 8% of equities under Drug Manufacturers—Specialty & Generic industry.
EVIO Cash Flow From Operations 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.
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| = | 2.36 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.
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
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| = | 129 K |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
EVIO Cash Flow From Operations Comparison
EVIO is currently under evaluation in cash flow from operations category among its peers.
EVIO Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EVIO, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EVIO will eventually generate negative long term returns. The profitability progress is the general direction of EVIO's change in net profit over the period of time. It can combine multiple indicators of EVIO, 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.
EVIO, Inc., together with its subsidiaries, provides analytical testing and advisory services to cannabis industry in the United States. It also offers various testing services comprise cannabinoid potency testing, terpene analysis, pesticide testing, residual solvent screening, visual inspections, biological contaminant testing, and other services. Evio operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 18 people.
EVIO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EVIO. 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 EVIO 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 EVIO's important profitability drivers and their relationship over time.
Use EVIO 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 EVIO 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 EVIO will appreciate offsetting losses from the drop in the long position's value.EVIO Pair Trading
EVIO Inc Pair Trading Analysis
The ability to find closely correlated positions to EVIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVIO 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 EVIO - 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 EVIO Inc to buy it.
The correlation of EVIO 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 EVIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVIO Inc 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 EVIO 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 EVIO position
In addition to having EVIO 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?
Run Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 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 Medical Equipment Theme or any other thematic opportunities.
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Other Information on Investing in EVIO Pink Sheet
To fully project EVIO's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of EVIO Inc 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 EVIO's income statement, its balance sheet, and the statement of cash flows.