Tourmaline Oil Return On Asset vs. Price To Book
| TOU Stock | CAD 66.08 0.09 0.14% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.58 | 0.4319 |
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For Tourmaline Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tourmaline Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tourmaline Oil Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tourmaline Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tourmaline Oil Corp over time as well as its relative position and ranking within its peers.
Tourmaline |
Tourmaline Oil Corp Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tourmaline Oil's current stock value. Our valuation model uses many indicators to compare Tourmaline Oil value to that of its competitors to determine the firm's financial worth. Tourmaline Oil Corp is rated fourth in return on asset category among its peers. It is rated second in price to book category among its peers fabricating about 27.62 of Price To Book per Return On Asset. As of the 29th of November 2024, Price To Book Ratio is likely to grow to 1.46. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tourmaline Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tourmaline Oil'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.Tourmaline Price To Book 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.
Tourmaline Oil |
| = | 0.0625 |
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.
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.
Tourmaline Oil |
| = | 1.73 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.
Tourmaline Price To Book Comparison
Tourmaline Oil is currently under evaluation in price to book category among its peers.
Tourmaline Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tourmaline Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tourmaline Oil will eventually generate negative long term returns. The profitability progress is the general direction of Tourmaline Oil's change in net profit over the period of time. It can combine multiple indicators of Tourmaline 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | 2.2 B | 2.4 B | |
| Income Before Tax | 2.2 B | 2.3 B | |
| Total Other Income Expense Net | -65 M | -61.7 M | |
| Net Income | 1.7 B | 1.8 B | |
| Income Tax Expense | 443.5 M | 222.5 M | |
| Net Income From Continuing Ops | 1.7 B | 1.1 B | |
| Net Income Applicable To Common Shares | 5.2 B | 5.4 B | |
| Interest Income | 26.9 M | 36.9 M | |
| Net Interest Income | -38.2 M | -40.1 M | |
| Change To Netincome | -717.2 M | -681.3 M | |
| Net Income Per Share | 5.09 | 5.34 | |
| Income Quality | 2.54 | 3.22 | |
| Net Income Per E B T | 0.80 | 0.61 |
Tourmaline Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tourmaline 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 Tourmaline 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 Tourmaline Oil's important profitability drivers and their relationship over time.
Use Tourmaline 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 Tourmaline 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 Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.Tourmaline Oil Pair Trading
Tourmaline Oil Corp Pair Trading Analysis
The ability to find closely correlated positions to Tourmaline 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 Tourmaline 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 Tourmaline 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 Tourmaline Oil Corp to buy it.
The correlation of Tourmaline 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 Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil 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 Tourmaline 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 Tourmaline Oil position
In addition to having Tourmaline 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 Tourmaline Stock
To fully project Tourmaline Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tourmaline Oil 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 Tourmaline Oil's income statement, its balance sheet, and the statement of cash flows.