Welltend Technology Gross Profit vs. Net Income
| 3021 Stock | TWD 29.10 1.35 4.43% |
For Welltend Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Welltend Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Welltend Technology Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Welltend Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Welltend Technology Corp over time as well as its relative position and ranking within its peers.
Welltend |
Welltend Technology Corp Net Income vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Welltend Technology's current stock value. Our valuation model uses many indicators to compare Welltend Technology value to that of its competitors to determine the firm's financial worth. Welltend Technology Corp is rated third in gross profit category among its peers. It also is rated third in net income category among its peers making up about 0.19 of Net Income per Gross Profit. The ratio of Gross Profit to Net Income for Welltend Technology Corp is roughly 5.22 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Welltend Technology's earnings, one of the primary drivers of an investment's value.Welltend Net Income vs. Gross Profit
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.
Welltend Technology |
| = | 682.55 M |
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.
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.
Welltend Technology |
| = | 130.73 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.
Welltend Net Income Comparison
Welltend Technology is currently under evaluation in net income category among its peers.
Welltend Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Welltend Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Welltend Technology will eventually generate negative long term returns. The profitability progress is the general direction of Welltend Technology's change in net profit over the period of time. It can combine multiple indicators of Welltend Technology, 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.
Welltend Technology Corporation produces and sells electronic components and wire connectors in Taiwan and internationally. The company was founded in 1973 and is based in Taipei City, Taiwan. WELLTEND TECHNOLOGY operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.
Welltend Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Welltend Technology. 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 Welltend Technology 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 Welltend Technology's important profitability drivers and their relationship over time.
Use Welltend Technology 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 Welltend Technology 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 Welltend Technology will appreciate offsetting losses from the drop in the long position's value.Welltend Technology Pair Trading
Welltend Technology Corp Pair Trading Analysis
The ability to find closely correlated positions to Welltend Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Welltend Technology 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 Welltend Technology - 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 Welltend Technology Corp to buy it.
The correlation of Welltend Technology 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 Welltend Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welltend Technology Corp 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 Welltend Technology 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 Welltend Technology position
In addition to having Welltend Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Welltend Stock Analysis
When running Welltend Technology's price analysis, check to measure Welltend Technology'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 Welltend Technology is operating at the current time. Most of Welltend Technology's value examination focuses on studying past and present price action to predict the probability of Welltend Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welltend Technology's price. Additionally, you may evaluate how the addition of Welltend Technology to your portfolios can decrease your overall portfolio volatility.