Sanxiang Advanced Return On Asset vs. Gross Profit

603663 Stock   16.42  0.24  1.48%   
Based on the measurements of profitability obtained from Sanxiang Advanced's financial statements, Sanxiang Advanced Materials 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 Sanxiang Advanced's ability to earn profits and add value for shareholders.
For Sanxiang Advanced profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sanxiang Advanced to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sanxiang Advanced Materials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sanxiang Advanced's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sanxiang Advanced Materials over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities.
Please note, there is a significant difference between Sanxiang Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanxiang Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanxiang Advanced'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.

Sanxiang Advanced Gross Profit vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Sanxiang Advanced's current stock value. Our valuation model uses many indicators to compare Sanxiang Advanced value to that of its competitors to determine the firm's financial worth.
Sanxiang Advanced Materials is rated below average in return on asset category among its peers. It is rated below average in gross profit category among its peers fabricating about  14,066,753,136  of Gross Profit per Return On Asset. At present, Sanxiang Advanced's Gross Profit 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 Sanxiang Advanced by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sanxiang Advanced'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.

Sanxiang Gross Profit 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.

Sanxiang Advanced

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0236
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.
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.

Sanxiang Advanced

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
331.98 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.

Sanxiang Gross Profit Comparison

Sanxiang Advanced is currently under evaluation in gross profit category among its peers.

Sanxiang Advanced Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Sanxiang Advanced, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sanxiang Advanced will eventually generate negative long term returns. The profitability progress is the general direction of Sanxiang Advanced's change in net profit over the period of time. It can combine multiple indicators of Sanxiang Advanced, 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
Operating Income159 M93 M
Income Before Tax80.6 M86.2 M
Total Other Income Expense Net2.6 M2.8 M
Net Income79.2 M74.8 M
Income Tax Expense23 M12.2 M
Net Interest Income-9.4 M-9.9 M
Interest Income631.7 K898.7 K
Net Income From Continuing Ops73.2 M95.6 M
Net Income Applicable To Common Shares173.5 M89 M
Change To Netincome30.4 M17.6 M

Sanxiang Profitability Driver Comparison

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

Use Sanxiang Advanced 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 Sanxiang Advanced 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 Sanxiang Advanced will appreciate offsetting losses from the drop in the long position's value.

Sanxiang Advanced Pair Trading

Sanxiang Advanced Materials Pair Trading Analysis

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

In addition to having Sanxiang Advanced 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 Sovereign ETFs Thematic Idea Now

Sovereign ETFs
Sovereign ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 17 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 Sovereign ETFs Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Sanxiang Stock

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