Topaz Energy Net Income vs. Gross Profit
| TPZ Stock | CAD 27.87 0.06 0.22% |
Net Income | First Reported 2019-06-30 | Previous Quarter 6.2 M | Current Value 17.7 M | Quarterly Volatility 11.7 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Gross Profit Margin | 0.17 | 0.2912 |
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| Net Profit Margin | 0.1 | 0.1553 |
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| Pretax Profit Margin | 0.13 | 0.2248 |
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| Return On Assets | 0.0166 | 0.0289 |
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| Return On Equity | 0.0218 | 0.0383 |
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For Topaz Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Topaz Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Topaz Energy Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Topaz Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Topaz Energy Corp over time as well as its relative position and ranking within its peers.
Topaz |
Topaz Energy Corp Gross Profit vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Topaz Energy's current stock value. Our valuation model uses many indicators to compare Topaz Energy value to that of its competitors to determine the firm's financial worth. Topaz Energy Corp is rated below average in net income category among its peers. It is rated fifth in gross profit category among its peers fabricating about 7.62 of Gross Profit per Net Income. At this time, Topaz Energy's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Topaz Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Topaz Energy'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.Topaz Gross Profit 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.
Topaz Energy |
| = | 47.64 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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Topaz Energy |
| = | 363.27 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Topaz Gross Profit Comparison
Topaz Energy is currently under evaluation in gross profit category among its peers.
Topaz Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Topaz Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Topaz Energy will eventually generate negative long term returns. The profitability progress is the general direction of Topaz Energy's change in net profit over the period of time. It can combine multiple indicators of Topaz Energy, 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 | ||
| Net Income Applicable To Common Shares | 114.3 M | 120 M | |
| Income Tax Expense | 21.3 M | 22.4 M | |
| Net Interest Income | -29.8 M | -28.3 M | |
| Interest Income | 18.3 M | 19.2 M | |
| Operating Income | 70.7 M | 57.7 M | |
| Net Income From Continuing Ops | 47.6 M | 39.2 M | |
| Income Before Tax | 68.9 M | 51.4 M | |
| Total Other Income Expense Net | -1.8 M | -1.8 M | |
| Net Income | 47.6 M | 29.1 M | |
| Change To Netincome | 28 M | 17.1 M | |
| Net Income Per Share | 0.33 | 0.21 | |
| Income Quality | 6.31 | 5.99 | |
| Net Income Per E B T | 0.69 | 1.08 |
Topaz Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Topaz Energy. 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 Topaz Energy 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 Topaz Energy's important profitability drivers and their relationship over time.
Use Topaz Energy 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 Topaz Energy 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Topaz Energy Pair Trading
Topaz Energy Corp Pair Trading Analysis
The ability to find closely correlated positions to Topaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topaz Energy 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 Topaz Energy - 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 Topaz Energy Corp to buy it.
The correlation of Topaz Energy 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz Energy 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 Topaz Energy position
In addition to having Topaz Energy 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 Topaz Stock
To fully project Topaz Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Topaz Energy 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 Topaz Energy's income statement, its balance sheet, and the statement of cash flows.