Rock Tech Return On Asset vs. EBITDA
| RCK Stock | CAD 1.00 0.03 2.91% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.67 | 0.58 |
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For Rock Tech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Rock Tech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Rock Tech Lithium utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Rock Tech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Rock Tech Lithium over time as well as its relative position and ranking within its peers.
Rock |
Rock Tech Lithium EBITDA vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Rock Tech's current stock value. Our valuation model uses many indicators to compare Rock Tech value to that of its competitors to determine the firm's financial worth. Rock Tech Lithium is rated fourth in return on asset category among its peers. It is rated fifth in ebitda category among its peers . Rock Tech reported EBITDA of (28.45 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 Rock Tech's earnings, one of the primary drivers of an investment's value.Rock EBITDA 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.
Rock Tech |
| = | -0.29 |
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.
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.
Rock Tech |
| = | (28.45 M) |
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.
Rock EBITDA Comparison
Rock Tech is currently under evaluation in ebitda category among its peers.
Rock Tech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Rock Tech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Rock Tech will eventually generate negative long term returns. The profitability progress is the general direction of Rock Tech's change in net profit over the period of time. It can combine multiple indicators of Rock Tech, 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 | 22.4 M | 23.5 M | |
| Operating Income | -28.9 M | -27.5 M | |
| Net Loss | -28.6 M | -27.2 M | |
| Income Tax Expense | -75.4 K | -71.6 K | |
| Income Before Tax | -28.8 M | -27.3 M | |
| Total Other Income Expense Net | 179.2 K | 188.1 K | |
| Net Loss | -36.7 M | -34.9 M | |
| Net Loss | -55.5 M | -52.7 M | |
| Net Interest Income | 244.8 K | 257 K | |
| Change To Netincome | 6.5 M | 6.9 M | |
| Net Loss | (0.30) | (0.31) | |
| Income Quality | 0.91 | 0.55 | |
| Net Income Per E B T | 1.00 | 0.71 |
Rock Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Rock Tech. 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 Rock Tech 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 Rock Tech's important profitability drivers and their relationship over time.
Use Rock Tech 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 Rock Tech 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 Rock Tech will appreciate offsetting losses from the drop in the long position's value.Rock Tech Pair Trading
Rock Tech Lithium Pair Trading Analysis
The ability to find closely correlated positions to Rock Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rock Tech 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 Rock Tech - 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 Rock Tech Lithium to buy it.
The correlation of Rock Tech 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 Rock Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rock Tech Lithium 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 Rock Tech 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 Rock Tech position
In addition to having Rock Tech 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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Additional Tools for Rock Stock Analysis
When running Rock Tech's price analysis, check to measure Rock Tech'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 Rock Tech is operating at the current time. Most of Rock Tech's value examination focuses on studying past and present price action to predict the probability of Rock Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rock Tech's price. Additionally, you may evaluate how the addition of Rock Tech to your portfolios can decrease your overall portfolio volatility.