Tirex Corp Total Asset vs. Net Income
Considering Tirex Corp's profitability and operating efficiency indicators, Tirex Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in December. Profitability indicators assess Tirex Corp's ability to earn profits and add value for shareholders.
As of November 29, 2024, Price To Sales Ratio is expected to decline to 45.83. In addition to that, Days Sales Outstanding is expected to decline to 3,293. As of November 29, 2024, Operating Income is expected to decline to about (53.8 K). The current year's Net Loss is expected to grow to about (143.4 K).
Check out World Market Map. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.
Tirex Corp Total Assets |
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| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.43 | 0.49 |
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For Tirex Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tirex Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tirex Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tirex Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tirex Corp over time as well as its relative position and ranking within its peers.
Tirex |
Is Industrial Machinery & Supplies & Components 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 Tirex Corp. If investors know Tirex 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 Tirex Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tirex Corp is measured differently than its book value, which is the value of Tirex that is recorded on the company's balance sheet. Investors also form their own opinion of Tirex Corp's value that differs from its market value or its book value, called intrinsic value, which is Tirex Corp'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 Tirex Corp's market value can be influenced by many factors that don't directly affect Tirex Corp'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 Tirex Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tirex Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tirex Corp'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.
Tirex Corp Net Income vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tirex Corp's current stock value. Our valuation model uses many indicators to compare Tirex Corp value to that of its competitors to determine the firm's financial worth. Tirex Corp is rated fifth in total asset category among its peers. It is currently regarded as top stock in net income category among its peers . At present, Tirex Corp's Total Assets are projected to decrease significantly based on the last few years of reporting. 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 Tirex Corp's earnings, one of the primary drivers of an investment's value.Tirex Net Income vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Tirex Corp |
| = | 1 |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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.
Tirex Corp |
| = | (131.28 K) |
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.
Tirex Net Income Comparison
Tirex Corp is currently under evaluation in net income category among its peers.
Tirex Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tirex Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tirex Corp will eventually generate negative long term returns. The profitability progress is the general direction of Tirex Corp's change in net profit over the period of time. It can combine multiple indicators of Tirex Corp, 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 | -51.2 K | -53.8 K | |
| Net Loss | -151 K | -143.4 K | |
| Income Before Tax | -151 K | -143.4 K | |
| Total Other Income Expense Net | -78.1 K | -74.2 K | |
| Net Loss | -151 K | -143.4 K | |
| Net Loss | -151 K | -143.4 K | |
| Change To Netincome | -2.7 M | -2.6 M | |
| Income Quality | (0.03) | (0.02) | |
| Net Income Per E B T | 0.75 | 0.66 |
Tirex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tirex Corp. 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 Tirex Corp 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 Tirex Corp's important profitability drivers and their relationship over time.
Use Tirex Corp 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 Tirex Corp 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 Tirex Corp will appreciate offsetting losses from the drop in the long position's value.Tirex Corp Pair Trading
Tirex Corp Pair Trading Analysis
The ability to find closely correlated positions to Tirex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tirex Corp 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 Tirex Corp - 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 Tirex Corp to buy it.
The correlation of Tirex Corp 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 Tirex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tirex 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 Tirex Corp 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 Tirex Corp position
In addition to having Tirex Corp 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 Investor Favorites Thematic Idea Now
Investor Favorites
Macroaxis most traded equities with largest long positions over the last 2 years. The Investor Favorites theme has 21 constituents at this time.
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Check out World Market Map. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
To fully project Tirex Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tirex 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 Tirex Corp's income statement, its balance sheet, and the statement of cash flows.