World Acceptance Net Income vs. Price To Book
| WRLD Stock | USD 120.92 0.78 0.64% |
Net Income | First Reported 1991-09-30 | Previous Quarter 9.9 M | Current Value 22.1 M | Quarterly Volatility 11 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Net Profit Margin | 0.11 | 0.1473 |
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| Operating Profit Margin | 0.18 | 0.2889 |
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| Pretax Profit Margin | 0.24 | 0.1894 |
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| Return On Assets | 0.1 | 0.0732 |
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| Return On Equity | 0.21 | 0.1822 |
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For World Acceptance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of World Acceptance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well World Acceptance utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between World Acceptance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of World Acceptance over time as well as its relative position and ranking within its peers.
World |
Is Consumer Finance 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 World Acceptance. If investors know World 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 World Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.472 | Earnings Share 14.63 | Revenue Per Share 99.637 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0873 |
The market value of World Acceptance is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Acceptance's value that differs from its market value or its book value, called intrinsic value, which is World Acceptance'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 World Acceptance's market value can be influenced by many factors that don't directly affect World Acceptance'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 World Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Acceptance'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.
World Acceptance Price To Book vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining World Acceptance's current stock value. Our valuation model uses many indicators to compare World Acceptance value to that of its competitors to determine the firm's financial worth. World Acceptance is rated below average in net income category among its peers. It is rated fourth in price to book category among its peers . The ratio of Net Income to Price To Book for World Acceptance is about 46,145,950 . At present, World Acceptance's Net Income is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value World Acceptance by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.World Price To Book 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.
World Acceptance |
| = | 77.35 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.
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.
World Acceptance |
| = | 1.68 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.
World Price To Book Comparison
World Acceptance is currently under evaluation in price to book category among its peers.
World Acceptance Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in World Acceptance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, World Acceptance will eventually generate negative long term returns. The profitability progress is the general direction of World Acceptance's change in net profit over the period of time. It can combine multiple indicators of World Acceptance, 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 | ||
| Accumulated Other Comprehensive Income | 424.4 M | 445.6 M | |
| Operating Income | 151.6 M | 77.3 M | |
| Net Income | 77.3 M | 49.9 M | |
| Income Tax Expense | 22.1 M | 25.2 M | |
| Income Before Tax | 99.4 M | 77.8 M | |
| Total Other Income Expense Net | -52.2 M | -54.9 M | |
| Net Income Applicable To Common Shares | 24.4 M | 23.2 M | |
| Net Income From Continuing Ops | 77.3 M | 63.1 M | |
| Net Interest Income | 420.3 M | 359.9 M | |
| Interest Income | 468.5 M | 528.2 M | |
| Non Operating Income Net Other | -34.5 M | -36.3 M | |
| Change To Netincome | 303.3 M | 318.4 M | |
| Net Income Per Share | 13.45 | 14.13 | |
| Income Quality | 3.44 | 2.73 | |
| Net Income Per E B T | 0.78 | 0.53 |
World Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on World Acceptance. 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 World Acceptance 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 World Acceptance's important profitability drivers and their relationship over time.
Use World Acceptance 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 World Acceptance 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 World Acceptance will appreciate offsetting losses from the drop in the long position's value.World Acceptance Pair Trading
World Acceptance Pair Trading Analysis
The ability to find closely correlated positions to World Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace World Acceptance 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 World Acceptance - 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 World Acceptance to buy it.
The correlation of World Acceptance 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 World Acceptance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if World Acceptance 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 World Acceptance 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 World Acceptance position
In addition to having World Acceptance 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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Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
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Check out Your Current Watchlist. For information on how to trade World Stock refer to our How to Trade World Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project World Acceptance's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of World Acceptance 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 World Acceptance's income statement, its balance sheet, and the statement of cash flows.