World Acceptance Number Of Shares Shorted vs. Cash And Equivalents
| WRLD Stock | USD 120.92 0.78 0.64% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 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 Cash And Equivalents vs. Number Of Shares Shorted 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 number of shares shorted category among its peers. It is rated below average in cash and equivalents category among its peers creating about 43.77 of Cash And Equivalents per Number Of Shares Shorted. 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 Cash And Equivalents vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
World Acceptance |
| = | 472.95 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
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.
World Acceptance |
| = | 20.7 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).
World Cash And Equivalents Comparison
World Acceptance is currently under evaluation in cash and equivalents 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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Large corporations operating in software, education, financial and car manufacturing industries. The Momentum theme has 40 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.