Zhende Medical Return On Asset vs. Revenue

603301 Stock   22.17  0.49  2.16%   
Taking into consideration Zhende Medical's profitability measurements, Zhende Medical Co 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 Zhende Medical's ability to earn profits and add value for shareholders.
For Zhende Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zhende Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zhende Medical Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zhende Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zhende Medical Co 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 Zhende Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhende Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhende Medical'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.

Zhende Medical Revenue vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Zhende Medical's current stock value. Our valuation model uses many indicators to compare Zhende Medical value to that of its competitors to determine the firm's financial worth.
Zhende Medical Co is number one stock in return on asset category among its peers. It also is the top company in revenue category among its peers totaling about  264,554,106,218  of Revenue per Return On Asset. At present, Zhende Medical's Total Revenue 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 Zhende Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Zhende Medical'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.

Zhende Revenue 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.

Zhende Medical

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0156
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.
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.

Zhende Medical

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
4.13 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.

Zhende Revenue vs Competition

Zhende Medical Co is the top company in revenue category among its peers. Market size based on revenue of Health Care industry is presently estimated at about 16.63 Billion. Zhende Medical totals roughly 4.13 Billion in revenue claiming about 25% of equities under Health Care industry.

Zhende Medical Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Zhende Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zhende Medical will eventually generate negative long term returns. The profitability progress is the general direction of Zhende Medical's change in net profit over the period of time. It can combine multiple indicators of Zhende Medical, 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
Net Income Applicable To Common Shares685.2 M584 M
Income Tax Expense113.9 M119.2 M
Net Interest IncomeM9.5 M
Interest Income40 M42 M
Operating Income444.6 M422.4 M
Net Income From Continuing Ops213.4 M202.7 M
Income Before Tax218.9 M207.9 M
Net Income198.4 M188.5 M
Change To Netincome194.9 M150.2 M

Zhende Profitability Driver Comparison

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

Use Zhende Medical 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 Zhende Medical 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 Zhende Medical will appreciate offsetting losses from the drop in the long position's value.

Zhende Medical Pair Trading

Zhende Medical Co Pair Trading Analysis

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

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Other Information on Investing in Zhende Stock

To fully project Zhende Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Zhende Medical 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 Zhende Medical's income statement, its balance sheet, and the statement of cash flows.
Potential Zhende Medical investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Zhende Medical investors may work on each financial statement separately, they are all related. The changes in Zhende Medical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Zhende Medical'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.