Weikeng Industrial Revenue vs. Price To Sales
| 3033 Stock | TWD 33.75 0.40 1.17% |
For Weikeng Industrial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Weikeng Industrial to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Weikeng Industrial Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Weikeng Industrial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Weikeng Industrial Co over time as well as its relative position and ranking within its peers.
Weikeng |
Weikeng Industrial Price To Sales vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Weikeng Industrial's current stock value. Our valuation model uses many indicators to compare Weikeng Industrial value to that of its competitors to determine the firm's financial worth. Weikeng Industrial Co is rated fourth in revenue category among its peers. It is rated second in price to sales category among its peers . The ratio of Revenue to Price To Sales for Weikeng Industrial Co is about 451,965,580,524 . 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 Weikeng Industrial's earnings, one of the primary drivers of an investment's value.Weikeng Revenue vs. Competition
Weikeng Industrial Co is rated fourth in revenue category among its peers. Market size based on revenue of Information Technology industry is presently estimated at about 1.52 Trillion. Weikeng Industrial holds roughly 72.4 Billion in revenue claiming about 5% of equities under Information Technology industry.
Weikeng Price To Sales vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Weikeng Industrial |
| = | 72.4 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Weikeng Industrial |
| = | 0.16 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Weikeng Price To Sales Comparison
Weikeng Industrial is currently under evaluation in price to sales category among its peers.
Weikeng Industrial Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Weikeng Industrial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Weikeng Industrial will eventually generate negative long term returns. The profitability progress is the general direction of Weikeng Industrial's change in net profit over the period of time. It can combine multiple indicators of Weikeng Industrial, 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.
Weikeng Industrial Co., Ltd. distributes electronic components and peripherals for computing, communications, consumer, automotive, and industrial applications in Taiwan. Weikeng Industrial Co., Ltd. was founded in 1977 and is headquartered in Taipei, Taiwan. WEIKENG INDUSTRIAL operates under Semiconductor Equipment Materials classification in Taiwan and is traded on Taiwan Stock Exchange.
Weikeng Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Weikeng Industrial. 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 Weikeng Industrial 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 Weikeng Industrial's important profitability drivers and their relationship over time.
Use Weikeng Industrial 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 Weikeng 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 Weikeng Industrial will appreciate offsetting losses from the drop in the long position's value.Weikeng Industrial Pair Trading
Weikeng Industrial Co Pair Trading Analysis
The ability to find closely correlated positions to Weikeng 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 Weikeng 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 Weikeng 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 Weikeng Industrial Co to buy it.
The correlation of Weikeng 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 Weikeng Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Weikeng 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 Weikeng 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.Use Investing Themes to Complement your Weikeng Industrial position
In addition to having Weikeng Industrial 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?
Run Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Management Theme or any other thematic opportunities.
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Additional Tools for Weikeng Stock Analysis
When running Weikeng Industrial's price analysis, check to measure Weikeng 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 Weikeng Industrial is operating at the current time. Most of Weikeng Industrial's value examination focuses on studying past and present price action to predict the probability of Weikeng 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 Weikeng Industrial's price. Additionally, you may evaluate how the addition of Weikeng Industrial to your portfolios can decrease your overall portfolio volatility.