ASX Operating Margin vs. Shares Outstanding
| ASX Stock | 64.30 1.14 1.74% |
For ASX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ASX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ASX utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ASX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ASX over time as well as its relative position and ranking within its peers.
ASX |
ASX Shares Outstanding vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ASX's current stock value. Our valuation model uses many indicators to compare ASX value to that of its competitors to determine the firm's financial worth. ASX is number one stock in operating margin category among its peers. It also is number one stock in shares outstanding category among its peers creating about 263,077,341 of Shares Outstanding per Operating Margin. Common Stock Shares Outstanding is likely to drop to about 172.1 M in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ASX's earnings, one of the primary drivers of an investment's value.ASX Shares Outstanding vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
ASX |
| = | 0.74 % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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.
ASX |
| = | 193.89 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.
ASX Shares Outstanding Comparison
ASX is currently under evaluation in shares outstanding category among its peers.
ASX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ASX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ASX will eventually generate negative long term returns. The profitability progress is the general direction of ASX's change in net profit over the period of time. It can combine multiple indicators of ASX, 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 | ||
| Accumulated Other Comprehensive Income | 59 M | 95.5 M | |
| Operating Income | 614.7 M | 404.2 M | |
| Income Before Tax | 681.5 M | 439 M | |
| Total Other Income Expense Net | 66.8 M | 70.1 M | |
| Net Income | 474.2 M | 299.4 M | |
| Income Tax Expense | 207.3 M | 150.7 M | |
| Net Income Applicable To Common Shares | 364.9 M | 335.9 M | |
| Net Income From Continuing Ops | 474.2 M | 485.8 M | |
| Interest Income | 539.7 M | 566.7 M | |
| Net Interest Income | 76.7 M | 40.9 M | |
| Change To Netincome | 296.2 M | 311.1 M |
ASX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ASX. 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 ASX 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 ASX's important profitability drivers and their relationship over time.
Use ASX 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 ASX 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 ASX will appreciate offsetting losses from the drop in the long position's value.ASX Pair Trading
ASX Pair Trading Analysis
The ability to find closely correlated positions to ASX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASX 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 ASX - 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 ASX to buy it.
The correlation of ASX 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 ASX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASX 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 ASX 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 ASX position
In addition to having ASX 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?
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Additional Tools for ASX Stock Analysis
When running ASX's price analysis, check to measure ASX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASX is operating at the current time. Most of ASX's value examination focuses on studying past and present price action to predict the probability of ASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX's price. Additionally, you may evaluate how the addition of ASX to your portfolios can decrease your overall portfolio volatility.