Shuhua Sports Total Asset vs. Working Capital
| 605299 Stock | 8.56 0.02 0.23% |
Shuhua Sports Total Assets |
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For Shuhua Sports profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shuhua Sports to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shuhua Sports Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shuhua Sports's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shuhua Sports Co over time as well as its relative position and ranking within its peers.
Shuhua |
Shuhua Sports Working Capital vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shuhua Sports's current stock value. Our valuation model uses many indicators to compare Shuhua Sports value to that of its competitors to determine the firm's financial worth. Shuhua Sports Co is number one stock in total asset category among its peers. It is rated second in working capital category among its peers reporting about 0.30 of Working Capital per Total Asset. The ratio of Total Asset to Working Capital for Shuhua Sports Co is roughly 3.32 . At present, Shuhua Sports' Total Assets are 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 Shuhua Sports by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shuhua Sports' 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.Shuhua Working Capital vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Shuhua Sports |
| = | 1.97 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Shuhua Sports |
| = | 591.58 M |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Shuhua Working Capital Comparison
Shuhua Sports is currently under evaluation in working capital category among its peers.
Shuhua Sports Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shuhua Sports, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shuhua Sports will eventually generate negative long term returns. The profitability progress is the general direction of Shuhua Sports' change in net profit over the period of time. It can combine multiple indicators of Shuhua Sports, 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 Interest Income | -2.3 M | -2.4 M | |
| Interest Income | 1.5 M | 1.2 M | |
| Operating Income | 146.4 M | 141.9 M | |
| Net Income From Continuing Ops | 129 M | 102.1 M | |
| Income Before Tax | 166.2 M | 130.1 M | |
| Net Income | 129 M | 102.1 M |
Shuhua Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shuhua Sports. 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 Shuhua Sports 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 Shuhua Sports' important profitability drivers and their relationship over time.
Use Shuhua Sports 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 Shuhua Sports 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 Shuhua Sports will appreciate offsetting losses from the drop in the long position's value.Shuhua Sports Pair Trading
Shuhua Sports Co Pair Trading Analysis
The ability to find closely correlated positions to Shuhua Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shuhua Sports 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 Shuhua Sports - 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 Shuhua Sports Co to buy it.
The correlation of Shuhua Sports 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 Shuhua Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shuhua Sports 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 Shuhua Sports 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 Shuhua Sports position
In addition to having Shuhua Sports 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 Shuhua Stock
To fully project Shuhua Sports' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shuhua Sports 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 Shuhua Sports' income statement, its balance sheet, and the statement of cash flows.