Evolution Mining Cash And Equivalents vs. Revenue
| WE7 Stock | EUR 3.05 0.04 1.33% |
For Evolution Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolution Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolution Mining Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolution Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolution Mining Limited over time as well as its relative position and ranking within its peers.
Evolution |
Evolution Mining Revenue vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolution Mining's current stock value. Our valuation model uses many indicators to compare Evolution Mining value to that of its competitors to determine the firm's financial worth. Evolution Mining Limited is rated first in cash and equivalents category among its peers. It is rated first in revenue category among its peers totaling about 8.64 of Revenue per Cash And Equivalents. 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 Evolution Mining's earnings, one of the primary drivers of an investment's value.Evolution Revenue vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Evolution Mining |
| = | 238.9 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Evolution Mining |
| = | 2.06 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Evolution Revenue vs Competition
Evolution Mining Limited is rated first in revenue category among its peers. Market size based on revenue of Gold industry is at this time estimated at about 64.73 Billion. Evolution Mining holds roughly 2.06 Billion in revenue claiming about 3% of equities under Gold industry.
Evolution Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolution Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolution Mining will eventually generate negative long term returns. The profitability progress is the general direction of Evolution Mining's change in net profit over the period of time. It can combine multiple indicators of Evolution Mining, 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.
Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. Evolution Mining Limited was incorporated in 1998 and is based in Sydney, Australia. EVOLUTION MINING operates under Gold classification in Germany and is traded on Frankfurt Stock Exchange.
Evolution Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolution Mining. 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 Evolution Mining 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 Evolution Mining's important profitability drivers and their relationship over time.
Use Evolution Mining 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 Evolution Mining 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 Evolution Mining will appreciate offsetting losses from the drop in the long position's value.Evolution Mining Pair Trading
Evolution Mining Limited Pair Trading Analysis
The ability to find closely correlated positions to Evolution Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution Mining 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 Evolution Mining - 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 Evolution Mining Limited to buy it.
The correlation of Evolution Mining 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 Evolution Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution Mining 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 Evolution Mining 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 Evolution Mining position
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Other Information on Investing in Evolution Stock
To fully project Evolution Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evolution Mining 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 Evolution Mining's income statement, its balance sheet, and the statement of cash flows.