Bio Techne Net Income vs. Return On Asset
| TECH Stock | USD 74.39 3.11 4.36% |
Net Income | First Reported 1989-09-30 | Previous Quarter 40.6 M | Current Value 33.6 M | Quarterly Volatility 20.1 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.56 | 0.667 |
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| Net Profit Margin | 0.19 | 0.145 |
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| Operating Profit Margin | 0.26 | 0.1783 |
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| Pretax Profit Margin | 0.27 | 0.1602 |
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| Return On Assets | 0.0591 | 0.0622 |
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| Return On Equity | 0.0772 | 0.0813 |
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For Bio Techne profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bio Techne to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bio Techne Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bio Techne's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bio Techne Corp over time as well as its relative position and ranking within its peers.
Bio |
Bio Techne's Revenue Breakdown by Earning Segment
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Is Life Sciences Tools & Services 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 Bio Techne. If investors know Bio 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 Bio Techne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Dividend Share 0.32 | Earnings Share 0.95 | Revenue Per Share 7.424 | Quarterly Revenue Growth 0.045 |
The market value of Bio Techne Corp is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Techne's value that differs from its market value or its book value, called intrinsic value, which is Bio Techne'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 Bio Techne's market value can be influenced by many factors that don't directly affect Bio Techne'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 Bio Techne's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Techne is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Techne'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.
Bio Techne Corp Return On Asset vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bio Techne's current stock value. Our valuation model uses many indicators to compare Bio Techne value to that of its competitors to determine the firm's financial worth. Bio Techne Corp is rated fourth in net income category among its peers. It also is rated fourth in return on asset category among its peers . The ratio of Net Income to Return On Asset for Bio Techne Corp is about 3,028,324,324 . As of now, Bio Techne's Net Income is increasing as compared to previous years. 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 Bio Techne's earnings, one of the primary drivers of an investment's value.Bio Techne's Earnings Breakdown by Geography
Bio Return On Asset vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Bio Techne |
| = | 168.07 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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.
Bio Techne |
| = | 0.0555 |
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.
Bio Return On Asset Comparison
Bio Techne is currently under evaluation in return on asset category among its peers.
Bio Techne Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bio Techne, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bio Techne will eventually generate negative long term returns. The profitability progress is the general direction of Bio Techne's change in net profit over the period of time. It can combine multiple indicators of Bio Techne, 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 | -78.3 M | -74.4 M | |
| Operating Income | 206.7 M | 107.9 M | |
| Income Before Tax | 185.7 M | 114.4 M | |
| Total Other Income Expense Net | -21 M | -19.9 M | |
| Net Income | 168.1 M | 89.4 M | |
| Income Tax Expense | 17.6 M | 27.4 M | |
| Net Income Applicable To Common Shares | 328.1 M | 344.5 M | |
| Net Income From Continuing Ops | 168.1 M | 160.6 M | |
| Non Operating Income Net Other | 58.6 M | 61.5 M | |
| Interest Income | 3.3 M | 3.5 M | |
| Net Interest Income | -12.4 M | -13 M | |
| Change To Netincome | -42.8 M | -40.6 M | |
| Net Income Per Share | 1.07 | 1.12 | |
| Income Quality | 1.78 | 1.04 | |
| Net Income Per E B T | 0.91 | 0.58 |
Bio Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bio Techne. 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 Bio Techne 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 Bio Techne's important profitability drivers and their relationship over time.
Use Bio Techne 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 Bio Techne 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 Bio Techne will appreciate offsetting losses from the drop in the long position's value.Bio Techne Pair Trading
Bio Techne Corp Pair Trading Analysis
The ability to find closely correlated positions to Bio Techne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Techne 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 Bio Techne - 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 Bio Techne Corp to buy it.
The correlation of Bio Techne 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 Bio Techne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio Techne 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 Bio Techne 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 Bio Techne position
In addition to having Bio Techne 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 Tech Funds Thematic Idea Now
Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 46 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 Tech Funds Theme or any other thematic opportunities.
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To fully project Bio Techne's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bio Techne Corp 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 Bio Techne's income statement, its balance sheet, and the statement of cash flows.