Tianneng Battery Shares Outstanding vs. Gross Profit

688819 Stock   28.00  0.33  1.16%   
Based on the key profitability measurements obtained from Tianneng Battery's financial statements, Tianneng Battery Group 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 Tianneng Battery's ability to earn profits and add value for shareholders.
For Tianneng Battery profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tianneng Battery to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tianneng Battery Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tianneng Battery's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tianneng Battery Group 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 Tianneng Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tianneng Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tianneng Battery'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.

Tianneng Battery Gross Profit vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Tianneng Battery's current stock value. Our valuation model uses many indicators to compare Tianneng Battery value to that of its competitors to determine the firm's financial worth.
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Tianneng Battery Group is number one stock in shares outstanding category among its peers. It also is number one stock in gross profit category among its peers fabricating about  42.98  of Gross Profit per Shares Outstanding. At present, Tianneng Battery'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 Tianneng Battery by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tianneng Battery'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.

Tianneng Gross Profit vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Tianneng Battery

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
972.1 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.

Tianneng Battery

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
41.78 B
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.

Tianneng Gross Profit Comparison

Tianneng Battery is currently under evaluation in gross profit category among its peers.

Tianneng Battery Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Tianneng Battery, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tianneng Battery will eventually generate negative long term returns. The profitability progress is the general direction of Tianneng Battery's change in net profit over the period of time. It can combine multiple indicators of Tianneng Battery, 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 Income2.9 B2.2 B
Income Before Tax2.8 B2.1 B
Total Other Income Expense Net-2.2 M-2.3 M
Net Income2.3 B1.7 B
Income Tax Expense607.1 M341.2 M
Net Interest Income201.9 M212 M
Interest Income406.3 M203.6 M
Net Income From Continuing Ops2.1 BB

Tianneng Profitability Driver Comparison

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

Use Tianneng Battery 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 Tianneng Battery 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 Tianneng Battery will appreciate offsetting losses from the drop in the long position's value.

Tianneng Battery Pair Trading

Tianneng Battery Group Pair Trading Analysis

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

In addition to having Tianneng Battery 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.

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Non-Metallic and Industrial Metal Mining
Non-Metallic and Industrial Metal Mining Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Other Information on Investing in Tianneng Stock

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