Firetrade Engineering Net Income vs. Cash And Equivalents
| FTE Stock | THB 1.54 0.01 0.65% |
For Firetrade Engineering profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Firetrade Engineering to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Firetrade Engineering Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Firetrade Engineering's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Firetrade Engineering Public over time as well as its relative position and ranking within its peers.
Firetrade |
Firetrade Engineering Cash And Equivalents vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Firetrade Engineering's current stock value. Our valuation model uses many indicators to compare Firetrade Engineering value to that of its competitors to determine the firm's financial worth. Firetrade Engineering Public is one of the top stocks in net income category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about 0.78 of Cash And Equivalents per Net Income. The ratio of Net Income to Cash And Equivalents for Firetrade Engineering Public is roughly 1.29 . 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 Firetrade Engineering's earnings, one of the primary drivers of an investment's value.Firetrade Cash And Equivalents vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Firetrade Engineering |
| = | 44.02 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Firetrade Engineering |
| = | 34.15 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Firetrade Cash And Equivalents Comparison
Firetrade Engineering is currently under evaluation in cash and equivalents category among its peers.
Firetrade Engineering Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Firetrade Engineering, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Firetrade Engineering will eventually generate negative long term returns. The profitability progress is the general direction of Firetrade Engineering's change in net profit over the period of time. It can combine multiple indicators of Firetrade Engineering, 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.
Firetrade Engineering Public Company Limited designs, sells, installs, repairs, and maintains fire protection equipment and systems in Thailand. Firetrade Engineering Public Company Limited was founded in 1999 and is headquartered in Bangkok, Thailand. FIRETRADE ENGINEERING operates under Security Protection Services classification in Thailand and is traded on Stock Exchange of Thailand.
Firetrade Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Firetrade Engineering. 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 Firetrade Engineering 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 Firetrade Engineering's important profitability drivers and their relationship over time.
Use Firetrade Engineering 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 Firetrade Engineering 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 Firetrade Engineering will appreciate offsetting losses from the drop in the long position's value.Firetrade Engineering Pair Trading
Firetrade Engineering Public Pair Trading Analysis
The ability to find closely correlated positions to Firetrade Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firetrade Engineering 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 Firetrade Engineering - 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 Firetrade Engineering Public to buy it.
The correlation of Firetrade Engineering 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 Firetrade Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firetrade Engineering 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 Firetrade Engineering 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 Firetrade Engineering position
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Other Information on Investing in Firetrade Stock
To fully project Firetrade Engineering's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Firetrade Engineering 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 Firetrade Engineering's income statement, its balance sheet, and the statement of cash flows.