Quipt Home Medical Stock Gross Profit
| QIPT Stock | 3.56 0.13 3.79% |
Quipt Home Medical fundamentals help investors to digest information that contributes to Quipt Home's financial success or failures. It also enables traders to predict the movement of Quipt Stock. The fundamental analysis module provides a way to measure Quipt Home'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 Quipt Home stock.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 188.4 M | 197.8 M | |
| Gross Profit Margin | 0.67 | 0.40 |
Quipt | Gross Profit |
Quipt Home Medical Company Gross Profit Analysis
Quipt Home's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current Quipt Home Gross Profit | 197.8M |
Most of Quipt Home's fundamental indicators, such as Gross Profit, 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, Quipt Home Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Quipt Gross Profit Driver Correlations
Understanding the fundamental principles of building solid financial models for Quipt Home is extremely important. It helps to project a fair market value of Quipt Stock properly, considering its historical fundamentals such as Gross Profit. Since Quipt Home's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Quipt Home's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Quipt Home's interrelated accounts and indicators.
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Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
| Competition |
Quipt Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quipt Home's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Quipt Home could also be used in its relative valuation, which is a method of valuing Quipt Home by comparing valuation metrics of similar companies.Quipt Home is currently under evaluation in gross profit category among its peers.
Quipt Fundamentals
| Return On Equity | -0.0451 | ||||
| Return On Asset | 0.0115 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 265.32 M | ||||
| Shares Outstanding | 43.09 M | ||||
| Shares Owned By Insiders | 3.80 % | ||||
| Shares Owned By Institutions | 55.01 % | ||||
| Number Of Shares Shorted | 384.01 K | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 0.61 X | ||||
| Revenue | 221.74 M | ||||
| EBITDA | 55.25 M | ||||
| Net Income | (2.78 M) | ||||
| Total Debt | 97.96 M | ||||
| Book Value Per Share | 2.55 X | ||||
| Cash Flow From Operations | 40.54 M | ||||
| Short Ratio | 17.84 X | ||||
| Earnings Per Share | (0.17) X | ||||
| Target Price | 10.4 | ||||
| Beta | 1.03 | ||||
| Market Capitalization | 147.8 M | ||||
| Total Asset | 247.41 M | ||||
| Retained Earnings | (163.81 M) | ||||
| Net Asset | 247.41 M |
About Quipt Home Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Quipt Home Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quipt Home using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quipt Home Medical 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 Quipt Home
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 Quipt Home 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 Quipt Home will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Quipt Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quipt Home 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 Quipt Home - 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 Quipt Home Medical to buy it.
The correlation of Quipt Home 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 Quipt Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quipt Home Medical 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 Quipt Home 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.