Converge Technology Revenue vs. Gross Profit
| CTS Stock | CAD 3.30 0.03 0.92% |
Total Revenue | First Reported 2017-12-31 | Previous Quarter 628.8 M | Current Value 651.8 M | Quarterly Volatility 221.5 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.18 | 0.2186 |
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For Converge Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Converge Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Converge Technology Solutions utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Converge Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Converge Technology Solutions over time as well as its relative position and ranking within its peers.
Converge |
Converge Technology Gross Profit vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Converge Technology's current stock value. Our valuation model uses many indicators to compare Converge Technology value to that of its competitors to determine the firm's financial worth. Converge Technology Solutions is the top company in revenue category among its peers. It also is number one stock in gross profit category among its peers fabricating about 0.20 of Gross Profit per Revenue. The ratio of Revenue to Gross Profit for Converge Technology Solutions is roughly 4.91 . At this time, Converge Technology's Total Revenue is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Converge Technology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Converge Technology'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.Converge Revenue vs. Competition
Converge Technology Solutions is the top company in revenue category among its peers. Market size based on revenue of Information Technology industry is currently estimated at about 599.69 Billion. Converge Technology adds roughly 2.71 Billion in revenue claiming only tiny portion of equities under Information Technology industry.
Converge Gross Profit 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.
Converge Technology |
| = | 2.71 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.
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.
Converge Technology |
| = | 550.77 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.
Converge Gross Profit Comparison
Converge Technology is currently under evaluation in gross profit category among its peers.
Converge Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Converge Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Converge Technology will eventually generate negative long term returns. The profitability progress is the general direction of Converge Technology's change in net profit over the period of time. It can combine multiple indicators of Converge Technology, 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 | 4 M | 2.9 M | |
| Operating Income | 46.6 M | 28.1 M | |
| Income Before Tax | -18.6 M | -17.6 M | |
| Net Income Applicable To Common Shares | 31.4 M | 32.9 M | |
| Net Loss | -1.4 M | -1.4 M | |
| Interest Income | 320.9 K | 304.8 K | |
| Net Loss | -6.4 M | -6.1 M | |
| Total Other Income Expense Net | -65.2 M | -61.9 M | |
| Income Tax Expense | -12.2 M | -11.6 M | |
| Net Interest Income | -41.2 M | -39.2 M | |
| Change To Netincome | 13.1 M | 14.8 M | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | (158.52) | (150.60) | |
| Net Income Per E B T | 0.08 | 0.07 |
Converge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Converge Technology. 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 Converge Technology 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 Converge Technology's important profitability drivers and their relationship over time.
Use Converge Technology 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 Converge Technology 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 Converge Technology will appreciate offsetting losses from the drop in the long position's value.Converge Technology Pair Trading
Converge Technology Solutions Pair Trading Analysis
The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology 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 Converge Technology - 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 Converge Technology Solutions to buy it.
The correlation of Converge Technology 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 Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology 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 Converge Technology 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 Converge Technology position
In addition to having Converge Technology 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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Other Information on Investing in Converge Stock
To fully project Converge Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Converge Technology 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 Converge Technology's income statement, its balance sheet, and the statement of cash flows.