TRX Gold Price To Earning vs. Return On Asset

TNX Stock  CAD 42.21  0.22  0.52%   
Based on the measurements of profitability obtained from TRX Gold's financial statements, TRX Gold's profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess TRX Gold's ability to earn profits and add value for shareholders. As of the 11th of December 2024, Operating Cash Flow Sales Ratio is likely to grow to 0.39, while Price To Sales Ratio is likely to drop 3.15. At this time, TRX Gold's Interest Income is very stable compared to the past year. As of the 11th of December 2024, Change To Netincome is likely to grow to about 10.4 M, though Accumulated Other Comprehensive Income is likely to grow to (832.2 K).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.560.4356
Significantly Up
Slightly volatile
For TRX Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TRX Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TRX Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TRX Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TRX Gold Corp over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between TRX Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if TRX Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TRX Gold'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.

TRX Gold Corp Return On Asset vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining TRX Gold's current stock value. Our valuation model uses many indicators to compare TRX Gold value to that of its competitors to determine the firm's financial worth.
TRX Gold Corp is currently regarded as top stock in price to earning category among its peers. It also is currently regarded as top stock in return on asset category among its peers . As of the 11th of December 2024, Return On Assets is likely to drop to -0.005. Comparative valuation analysis is a catch-all model that can be used if you cannot value TRX Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TRX Gold's Stock. 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.

TRX Return On Asset vs. Price To Earning

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

TRX Gold

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
(4.35) X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.

TRX Gold

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0673
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.

TRX Return On Asset Comparison

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

TRX Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in TRX Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TRX Gold will eventually generate negative long term returns. The profitability progress is the general direction of TRX Gold's change in net profit over the period of time. It can combine multiple indicators of TRX Gold, 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
Accumulated Other Comprehensive Income-876 K-832.2 K
Operating Income9.5 M10 M
Income Before Tax11.1 M11.7 M
Total Other Income Expense Net1.6 M1.7 M
Net Income6.3 M6.7 M
Income Tax Expense6.1 M6.4 M
Net Income From Continuing Ops8.1 M8.5 M
Net Loss-5.6 M-5.9 M
Interest Income2.5 M3.1 M
Net Interest Income-2 M-2.1 M
Change To Netincome9.9 M10.4 M
Net Income Per Share 0.01  0.01 
Income Quality 4.36  4.58 
Net Loss(0.05)(0.04)

TRX Profitability Driver Comparison

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

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

TRX Gold Pair Trading

TRX Gold Corp Pair Trading Analysis

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

In addition to having TRX Gold 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 Small Value Funds Thematic Idea Now

Small Value Funds
Small Value Funds Theme
Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value Funds theme has 31 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 Small Value Funds Theme or any other thematic opportunities.
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Other Information on Investing in TRX Stock

To fully project TRX Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TRX Gold 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 TRX Gold's income statement, its balance sheet, and the statement of cash flows.
Potential TRX Gold investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although TRX Gold investors may work on each financial statement separately, they are all related. The changes in TRX Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TRX Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.