Macauto Industrial Co Stock Current Ratio
| 9951 Stock | TWD 53.40 0.20 0.38% |
Macauto Industrial Co fundamentals help investors to digest information that contributes to Macauto Industrial's financial success or failures. It also enables traders to predict the movement of Macauto Stock. The fundamental analysis module provides a way to measure Macauto Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Macauto Industrial stock.
Macauto |
Macauto Industrial Co Company Current Ratio Analysis
Macauto Industrial's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Macauto Industrial Current Ratio | 1.53 X |
Most of Macauto Industrial's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Macauto Industrial Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Macauto Industrial Co has a Current Ratio of 1.53 times. This is 32.6% lower than that of the Consumer Cyclical sector and 13.56% lower than that of the Auto Parts industry. The current ratio for all Taiwan stocks is 29.17% higher than that of the company.
Macauto Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Macauto Industrial's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Macauto Industrial could also be used in its relative valuation, which is a method of valuing Macauto Industrial by comparing valuation metrics of similar companies.Macauto Industrial is currently under evaluation in current ratio category among its peers.
Macauto Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0384 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 3.72 B | |||
| Shares Outstanding | 74.9 M | |||
| Shares Owned By Insiders | 29.73 % | |||
| Shares Owned By Institutions | 9.69 % | |||
| Price To Earning | 11.87 X | |||
| Price To Book | 1.47 X | |||
| Price To Sales | 1.14 X | |||
| Revenue | 4.77 B | |||
| Gross Profit | 1.36 B | |||
| EBITDA | 641.58 M | |||
| Net Income | 399.43 M | |||
| Cash And Equivalents | 1.07 B | |||
| Cash Per Share | 14.34 X | |||
| Total Debt | 195.38 M | |||
| Debt To Equity | 34.30 % | |||
| Current Ratio | 1.53 X | |||
| Book Value Per Share | 43.45 X | |||
| Cash Flow From Operations | 615.88 M | |||
| Earnings Per Share | 4.83 X | |||
| Target Price | 97.0 | |||
| Number Of Employees | 17 | |||
| Beta | 0.78 | |||
| Market Capitalization | 5.06 B | |||
| Total Asset | 5.35 B | |||
| Z Score | 15.0 | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 4.18 % | |||
| Net Asset | 5.35 B | |||
| Last Dividend Paid | 3.3 |
About Macauto Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Macauto Industrial Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Macauto Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Macauto Industrial Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Macauto Industrial
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 Macauto Industrial 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 Macauto Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Macauto Stock
Moving against Macauto Stock
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| 0.8 | 2454 | MediaTek | PairCorr |
| 0.78 | 2882B | Cathay Financial Holding | PairCorr |
| 0.71 | 2603 | Evergreen Marine Corp | PairCorr |
The ability to find closely correlated positions to Macauto Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macauto Industrial 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 Macauto Industrial - 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 Macauto Industrial Co to buy it.
The correlation of Macauto Industrial 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 Macauto Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Macauto Industrial 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 Macauto Industrial 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.Additional Tools for Macauto Stock Analysis
When running Macauto Industrial's price analysis, check to measure Macauto Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macauto Industrial is operating at the current time. Most of Macauto Industrial's value examination focuses on studying past and present price action to predict the probability of Macauto Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macauto Industrial's price. Additionally, you may evaluate how the addition of Macauto Industrial to your portfolios can decrease your overall portfolio volatility.