Wirtek AS Revenue vs. Return On Asset
| WIRTEK Stock | DKK 7.70 0.05 0.65% |
For Wirtek AS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wirtek AS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wirtek AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wirtek AS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wirtek AS over time as well as its relative position and ranking within its peers.
Wirtek |
Wirtek AS Return On Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wirtek AS's current stock value. Our valuation model uses many indicators to compare Wirtek AS value to that of its competitors to determine the firm's financial worth. Wirtek AS is rated first in revenue category among its peers. It is rated first in return on asset category among its peers . The ratio of Revenue to Return On Asset for Wirtek AS is about 256,630,271 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wirtek AS by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wirtek AS'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.Wirtek Revenue vs. Competition
Wirtek AS is rated first in revenue category among its peers. Market size based on revenue of Information Technology industry is at this time estimated at about 300.15 Million. Wirtek AS retains roughly 45.37 Million in revenue claiming about 15% of equities under Information Technology industry.
Wirtek Return On Asset vs. Revenue
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.
Wirtek AS |
| = | 45.37 M |
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.
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.
Wirtek AS |
| = | 0.18 |
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.
Wirtek Return On Asset Comparison
Wirtek AS is currently under evaluation in return on asset category among its peers.
Wirtek AS Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wirtek AS, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wirtek AS will eventually generate negative long term returns. The profitability progress is the general direction of Wirtek AS's change in net profit over the period of time. It can combine multiple indicators of Wirtek AS, 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.
Wirtek AS, an IT outsourcing company, provides software solutions and electronic equipment products in Denmark. The company was incorporated in 2001 and is headquartered in Aalborg, Denmark. WirTek AS operates under Information Technology Services classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 180 people.
Wirtek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wirtek AS. 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 Wirtek AS 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 Wirtek AS's important profitability drivers and their relationship over time.
Use Wirtek AS 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 Wirtek AS 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 Wirtek AS will appreciate offsetting losses from the drop in the long position's value.Wirtek AS Pair Trading
Wirtek AS Pair Trading Analysis
The ability to find closely correlated positions to Wirtek AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wirtek AS 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 Wirtek AS - 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 Wirtek AS to buy it.
The correlation of Wirtek AS 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 Wirtek AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wirtek AS 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 Wirtek AS 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 Wirtek AS position
In addition to having Wirtek AS 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 Wirtek Stock
To fully project Wirtek AS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wirtek AS 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 Wirtek AS's income statement, its balance sheet, and the statement of cash flows.