Shenzhen Agricultural Return On Asset vs. Net Income
| 000061 Stock | 7.08 0.28 3.80% |
For Shenzhen Agricultural profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shenzhen Agricultural to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shenzhen Agricultural Products utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shenzhen Agricultural's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shenzhen Agricultural Products over time as well as its relative position and ranking within its peers.
Shenzhen |
Shenzhen Agricultural Net Income vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shenzhen Agricultural's current stock value. Our valuation model uses many indicators to compare Shenzhen Agricultural value to that of its competitors to determine the firm's financial worth. Shenzhen Agricultural Products is rated third in return on asset category among its peers. It is number one stock in net income category among its peers making up about 19,952,842,711 of Net Income per Return On Asset. At present, Shenzhen Agricultural's Net Income is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Shenzhen Agricultural by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shenzhen Agricultural's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Shenzhen Net Income vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Shenzhen Agricultural |
| = | 0.0225 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.
Shenzhen Agricultural |
| = | 448.94 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.
Shenzhen Net Income Comparison
Shenzhen Agricultural is currently under evaluation in net income category among its peers.
Shenzhen Agricultural Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shenzhen Agricultural, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shenzhen Agricultural will eventually generate negative long term returns. The profitability progress is the general direction of Shenzhen Agricultural's change in net profit over the period of time. It can combine multiple indicators of Shenzhen Agricultural, 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 | ||
| Operating Income | 790 M | 829.5 M | |
| Income Before Tax | 805.4 M | 845.7 M | |
| Net Income Applicable To Common Shares | 229.6 M | 137.2 M | |
| Net Income | 448.9 M | 471.4 M | |
| Income Tax Expense | 218.4 M | 229.3 M | |
| Net Interest Income | -159.7 M | -167.7 M | |
| Interest Income | 39.5 M | 44.9 M | |
| Net Income From Continuing Ops | 598.5 M | 347.2 M | |
| Change To Netincome | 137.8 M | 102.1 M |
Shenzhen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shenzhen Agricultural. 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 Shenzhen Agricultural 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 Shenzhen Agricultural's important profitability drivers and their relationship over time.
Use Shenzhen Agricultural 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 Shenzhen Agricultural 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 Shenzhen Agricultural will appreciate offsetting losses from the drop in the long position's value.Shenzhen Agricultural Pair Trading
Shenzhen Agricultural Products Pair Trading Analysis
The ability to find closely correlated positions to Shenzhen Agricultural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenzhen Agricultural 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 Shenzhen Agricultural - 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 Shenzhen Agricultural Products to buy it.
The correlation of Shenzhen Agricultural 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 Shenzhen Agricultural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shenzhen Agricultural 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 Shenzhen Agricultural 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 Shenzhen Agricultural position
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Other Information on Investing in Shenzhen Stock
To fully project Shenzhen Agricultural's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shenzhen Agricultural 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 Shenzhen Agricultural's income statement, its balance sheet, and the statement of cash flows.