Thai Oil Profit Margin vs. Return On Asset
| TOP Stock | THB 37.75 0.50 1.34% |
For Thai Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Thai Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Thai Oil Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Thai Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Thai Oil Public over time as well as its relative position and ranking within its peers.
Thai |
Thai Oil Public Return On Asset vs. Profit Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Thai Oil's current stock value. Our valuation model uses many indicators to compare Thai Oil value to that of its competitors to determine the firm's financial worth. Thai Oil Public is rated fifth in profit margin category among its peers. It is currently regarded as top stock in return on asset category among its peers reporting about 0.99 of Return On Asset per Profit Margin. The ratio of Profit Margin to Return On Asset for Thai Oil Public is roughly 1.01 . 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 Thai Oil's earnings, one of the primary drivers of an investment's value.Thai Return On Asset vs. Profit Margin
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Thai Oil |
| = | 0.08 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
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.
Thai Oil |
| = | 0.081 |
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.
Thai Return On Asset Comparison
Thai Oil is currently under evaluation in return on asset category among its peers.
Thai Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Thai Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Thai Oil will eventually generate negative long term returns. The profitability progress is the general direction of Thai Oil's change in net profit over the period of time. It can combine multiple indicators of Thai Oil, 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.
Thai Oil Public Company Limited, together with its subsidiaries, engages in oil refining and distribution business in Thailand and internationally. Thai Oil Public Company Limited was founded in 1961 and is headquartered in Bangkok, Thailand. THAI OIL operates under Oil Gas Refining Marketing classification in Thailand and is traded on Stock Exchange of Thailand.
Thai Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Thai Oil. 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 Thai Oil 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 Thai Oil's important profitability drivers and their relationship over time.
Use Thai Oil 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 Thai Oil 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 Thai Oil will appreciate offsetting losses from the drop in the long position's value.Thai Oil Pair Trading
Thai Oil Public Pair Trading Analysis
The ability to find closely correlated positions to Thai Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thai Oil 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 Thai Oil - 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 Thai Oil Public to buy it.
The correlation of Thai Oil 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 Thai Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thai Oil Public 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 Thai Oil 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 Thai Oil position
In addition to having Thai Oil 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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Other Information on Investing in Thai Stock
To fully project Thai Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Thai Oil Public 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 Thai Oil's income statement, its balance sheet, and the statement of cash flows.