Inventronics Price To Book vs. Return On Asset

IVX Stock  CAD 0.74  0.05  7.25%   
Based on Inventronics' profitability indicators, Inventronics is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in December. Profitability indicators assess Inventronics' ability to earn profits and add value for shareholders. At this time, Inventronics' Price To Sales Ratio is fairly stable compared to the past year. Days Sales Outstanding is likely to climb to 43.86 in 2024, whereas EV To Sales is likely to drop 0.39 in 2024. At this time, Inventronics' Operating Income is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 693.7 K in 2024, whereas Total Other Income Expense Net is likely to drop (177.7 K) in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.10.1914
Way Down
Slightly volatile
For Inventronics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Inventronics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Inventronics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Inventronics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Inventronics over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Inventronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Inventronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inventronics' 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.

Inventronics Return On Asset vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Inventronics's current stock value. Our valuation model uses many indicators to compare Inventronics value to that of its competitors to determine the firm's financial worth.
Inventronics is currently regarded as number one stock in price to book category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . Return On Assets is likely to climb to 0.06 in 2024. 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 Inventronics' earnings, one of the primary drivers of an investment's value.

Inventronics Return On Asset vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Inventronics

P/B

 = 

MV Per Share

BV Per Share

 = 
1.46 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.

Inventronics

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.0057
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.

Inventronics Return On Asset Comparison

Inventronics is currently under evaluation in return on asset category among its peers.

Inventronics Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Inventronics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Inventronics will eventually generate negative long term returns. The profitability progress is the general direction of Inventronics' change in net profit over the period of time. It can combine multiple indicators of Inventronics, 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 ReportedProjected for Next Year
Net Interest Income-117 K-122.8 K
Operating Income664 K950.1 K
Net Income From Continuing Ops369 K693.7 K
Income Before Tax547 K761.3 K
Net Income Applicable To Common Shares2.2 M2.3 M
Net Income369 K693.7 K
Total Other Income Expense Net-169.2 K-177.7 K
Income Tax Expense-468.9 K-492.3 K
Change To Netincome-322.2 K-306.1 K
Net Income Per Share 0.08  0.08 
Income Quality 3.93  4.13 
Net Income Per E B T 0.67  0.96 

Inventronics Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Inventronics. 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 Inventronics 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 Inventronics' important profitability drivers and their relationship over time.

Use Inventronics 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 Inventronics 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 Inventronics will appreciate offsetting losses from the drop in the long position's value.

Inventronics Pair Trading

Inventronics Pair Trading Analysis

The ability to find closely correlated positions to Inventronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inventronics 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 Inventronics - 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 Inventronics to buy it.
The correlation of Inventronics 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 Inventronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inventronics 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 Inventronics 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Inventronics position

In addition to having Inventronics 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 Business Services Thematic Idea Now

Business Services
Business Services Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services 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 Business Services Theme or any other thematic opportunities.
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Additional Tools for Inventronics Stock Analysis

When running Inventronics' price analysis, check to measure Inventronics' 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 Inventronics is operating at the current time. Most of Inventronics' value examination focuses on studying past and present price action to predict the probability of Inventronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventronics' price. Additionally, you may evaluate how the addition of Inventronics to your portfolios can decrease your overall portfolio volatility.