Kang Yong Gross Profit vs. Return On Asset
| KYE Stock | THB 288.00 1.00 0.35% |
For Kang Yong profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kang Yong to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kang Yong Electric utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kang Yong's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kang Yong Electric over time as well as its relative position and ranking within its peers.
Kang |
Kang Yong Electric Return On Asset vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Kang Yong's current stock value. Our valuation model uses many indicators to compare Kang Yong value to that of its competitors to determine the firm's financial worth. Kang Yong Electric is currently regarded as number one stock in gross profit category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . 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 Kang Yong's earnings, one of the primary drivers of an investment's value.Kang Return On Asset vs. Gross Profit
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.
Kang Yong |
| = | 905.31 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Kang Yong |
| = | -0.0198 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Kang Return On Asset Comparison
Kang Yong is currently under evaluation in return on asset category among its peers.
Kang Yong Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Kang Yong, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kang Yong will eventually generate negative long term returns. The profitability progress is the general direction of Kang Yong's change in net profit over the period of time. It can combine multiple indicators of Kang Yong, 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.
Kang Yong Electric Public Company Limited manufactures and distributes household electrical appliances in Thailand. Kang Yong Electric Public Company Limited was founded in 1964 and is based in Bang Phli, Thailand. KANG YONG operates under Consumer Electronics classification in Thailand and is traded on Stock Exchange of Thailand.
Kang Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Kang Yong. 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 Kang Yong 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 Kang Yong's important profitability drivers and their relationship over time.
Use Kang Yong 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 Kang Yong 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 Kang Yong will appreciate offsetting losses from the drop in the long position's value.Kang Yong Pair Trading
Kang Yong Electric Pair Trading Analysis
The ability to find closely correlated positions to Kang Yong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kang Yong 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 Kang Yong - 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 Kang Yong Electric to buy it.
The correlation of Kang Yong 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 Kang Yong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kang Yong Electric 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 Kang Yong 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 Kang Yong position
In addition to having Kang Yong 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 Kang Stock
To fully project Kang Yong's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Kang Yong Electric 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 Kang Yong's income statement, its balance sheet, and the statement of cash flows.