Zhongshan Public Net Income vs. Return On Asset

000685 Stock   9.21  0.03  0.32%   
Based on the measurements of profitability obtained from Zhongshan Public's financial statements, Zhongshan Public Utilities may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Zhongshan Public's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
2018-06-30
Previous Quarter
187.8 M
Current Value
367.4 M
Quarterly Volatility
99.6 M
 
Covid
For Zhongshan Public profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zhongshan Public to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zhongshan Public Utilities utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zhongshan Public's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zhongshan Public Utilities over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Zhongshan Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhongshan Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhongshan Public'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.

Zhongshan Public Uti Return On Asset vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Zhongshan Public's current stock value. Our valuation model uses many indicators to compare Zhongshan Public value to that of its competitors to determine the firm's financial worth.
Zhongshan Public Utilities is number one stock in net income category among its peers. It also is number one stock in return on asset category among its peers . The ratio of Net Income to Return On Asset for Zhongshan Public Utilities is about  92,122,363,333 . At present, Zhongshan Public'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 Zhongshan Public by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Zhongshan Public'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.

Zhongshan Return On Asset vs. Net Income

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.

Zhongshan Public

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
967.28 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.
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.

Zhongshan Public

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0105
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.

Zhongshan Return On Asset Comparison

Zhongshan Public is currently under evaluation in return on asset category among its peers.

Zhongshan Public Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Zhongshan Public, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zhongshan Public will eventually generate negative long term returns. The profitability progress is the general direction of Zhongshan Public's change in net profit over the period of time. It can combine multiple indicators of Zhongshan Public, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income824.2 M783 M
Operating Income534 M560.7 M
Income Before Tax1.1 B752.3 M
Net Income Applicable To Common Shares1.2 B677.8 M
Net Income967.3 M693.9 M
Income Tax Expense61.9 M51.5 M
Net Income From Continuing Ops992.8 M912.9 M
Total Other Income Expense Net422.9 M707.1 M
Net Interest Income-174.2 M-182.9 M
Interest Income52.8 M28.8 M
Change To Netincome-816 M-856.8 M

Zhongshan Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Zhongshan Public. 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 Zhongshan Public 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 Zhongshan Public's important profitability drivers and their relationship over time.

Use Zhongshan Public 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 Zhongshan Public 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 Zhongshan Public will appreciate offsetting losses from the drop in the long position's value.

Zhongshan Public Pair Trading

Zhongshan Public Utilities Pair Trading Analysis

The ability to find closely correlated positions to Zhongshan Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhongshan Public 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 Zhongshan Public - 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 Zhongshan Public Utilities to buy it.
The correlation of Zhongshan Public 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 Zhongshan Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhongshan Public Uti 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 Zhongshan Public 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Zhongshan Public position

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Other Information on Investing in Zhongshan Stock

To fully project Zhongshan Public's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Zhongshan Public Uti 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 Zhongshan Public's income statement, its balance sheet, and the statement of cash flows.
Potential Zhongshan Public investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Zhongshan Public investors may work on each financial statement separately, they are all related. The changes in Zhongshan Public's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Zhongshan Public's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.