Olympic Circuit Revenue vs. Price To Book

603920 Stock   29.26  2.56  8.05%   
Based on Olympic Circuit's profitability indicators, Olympic Circuit Technology 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 Olympic Circuit's ability to earn profits and add value for shareholders.
 
Total Revenue  
First Reported
2019-06-30
Previous Quarter
1.1 B
Current Value
1.3 B
Quarterly Volatility
253.5 M
 
Covid
For Olympic Circuit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Olympic Circuit to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Olympic Circuit Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Olympic Circuit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Olympic Circuit Technology 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 Olympic Circuit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Circuit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Circuit'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.

Olympic Circuit Tech Price To Book vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Olympic Circuit's current stock value. Our valuation model uses many indicators to compare Olympic Circuit value to that of its competitors to determine the firm's financial worth.
Olympic Circuit Technology is rated second in revenue category among its peers. It is rated third in price to book category among its peers . The ratio of Revenue to Price To Book for Olympic Circuit Technology is about  1,157,907,368 . At present, Olympic Circuit'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 Olympic Circuit by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Olympic Circuit'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.

Olympic Revenue vs. Competition

Olympic Circuit Technology is rated second in revenue category among its peers. Market size based on revenue of Information Technology industry is presently estimated at about 35.85 Billion. Olympic Circuit retains roughly 4.52 Billion in revenue claiming about 13% of equities under Information Technology industry.

Olympic Price To Book 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.

Olympic Circuit

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
4.52 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 Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Olympic Circuit

P/B

 = 

MV Per Share

BV Per Share

 = 
3.90 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Olympic Price To Book Comparison

Olympic Circuit is currently under evaluation in price to book category among its peers.

Olympic Circuit Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Olympic Circuit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Olympic Circuit will eventually generate negative long term returns. The profitability progress is the general direction of Olympic Circuit's change in net profit over the period of time. It can combine multiple indicators of Olympic Circuit, 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 Interest Income-9.6 M-9.1 M
Interest Income43.8 M27.9 M
Operating Income585.6 M384.6 M
Net Income From Continuing Ops466.8 M326.1 M
Income Before Tax547.5 M376.7 M
Net Income Applicable To Common Shares241.1 M277.4 M
Net Income495.5 M335.9 M
Income Tax Expense29.1 M33.1 M
Change To Netincome90.7 M95.2 M

Olympic Profitability Driver Comparison

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

Use Olympic Circuit 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 Olympic Circuit 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 Olympic Circuit will appreciate offsetting losses from the drop in the long position's value.

Olympic Circuit Pair Trading

Olympic Circuit Technology Pair Trading Analysis

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

In addition to having Olympic Circuit 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 Sport Products Thematic Idea Now

Sport Products
Sport Products Theme
Companies manufacturing sporting goods and accessories. The Sport Products theme has 44 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 Sport Products Theme or any other thematic opportunities.
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Other Information on Investing in Olympic Stock

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