Zhende Medical Return On Equity vs. Revenue
| 603301 Stock | 22.17 0.49 2.16% |
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.
Zhende |
Zhende Medical Revenue vs. Return On Equity 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 equity category among its peers. It also is the top company in revenue category among its peers totaling about 107,195,949,532 of Revenue per Return On Equity. 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 Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Zhende Medical |
| = | 0.0385 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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 |
| = | 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 33.03 Billion. Zhende Medical retains roughly 4.13 Billion in revenue claiming about 13% 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 Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 685.2 M | 584 M | |
| Income Tax Expense | 113.9 M | 119.2 M | |
| Net Interest Income | 9 M | 9.5 M | |
| Interest Income | 40 M | 42 M | |
| Operating Income | 444.6 M | 422.4 M | |
| Net Income From Continuing Ops | 213.4 M | 202.7 M | |
| Income Before Tax | 218.9 M | 207.9 M | |
| Net Income | 198.4 M | 188.5 M | |
| Change To Netincome | 194.9 M | 150.2 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.Use Investing Themes to Complement your Zhende Medical position
In addition to having Zhende Medical 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 Long Short Funds Thematic Idea Now
Long Short Funds
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 42 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 Long Short Funds Theme or any other thematic opportunities.
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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.