| 054210 Stock | | | KRW 5,070 90.00 1.74% |
Insider
SangHyun Han is Managing Director of Elentec Co
| Phone | 82 70 7098 8012 |
| Web | https://www.elentec.co.kr |
Elentec Co Management Efficiency
The company has return on total asset
(ROA) of
0.0257 % which means that it generated a profit of $0.0257 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
30.2806 %, meaning that it generated $30.2806 on every $100 dollars invested by stockholders. Elentec Co's management efficiency ratios could be used to measure how well Elentec Co manages its routine affairs as well as how well it operates its assets and liabilities.
Elentec Co has accumulated 19.14
B in total debt with debt to equity ratio
(D/E) of 119.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elentec Co has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Elentec Co until it has trouble settling it off, either with new capital or with free cash flow. So, Elentec Co's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elentec Co sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elentec to invest in growth at high rates of return. When we think about Elentec Co's use of debt, we should always consider it together with cash and equity.
Similar Executives
Elentec Co., Ltd. manufactures and sells electronic and communication products in South Korea and internationally. Elentec Co., Ltd. was founded in 1977 and is headquartered in Hwaseong, South Korea. Elentec is traded on Korean Securities Dealers Automated Quotations in South Korea. Elentec Co (054210) is traded on KOSDAQ in Korea and employs 307 people.
Management Performance
Elentec Co Management Team
Elected by the shareholders, the Elentec Co's board of directors comprises two types of representatives: Elentec Co inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elentec. The board's role is to monitor Elentec Co's management team and ensure that shareholders' interests are well served. Elentec Co's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elentec Co's outside directors are responsible for providing unbiased perspectives on the board's policies.
Elentec Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Elentec Co a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Pair Trading with Elentec Co
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 Elentec Co 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 Elentec Co will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Elentec Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elentec Co 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 Elentec Co - 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 Elentec Co to buy it.
The correlation of Elentec Co 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 Elentec Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elentec Co 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 Elentec Co 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.
Other Information on Investing in Elentec Stock
Elentec Co financial ratios help investors to determine whether Elentec Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elentec with respect to the benefits of owning Elentec Co security.