MakeMyTrip Shares Outstanding vs. Gross Profit
| MY1 Stock | EUR 107.25 1.35 1.24% |
For MakeMyTrip profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MakeMyTrip to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MakeMyTrip Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MakeMyTrip's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MakeMyTrip Limited over time as well as its relative position and ranking within its peers.
MakeMyTrip |
MakeMyTrip Limited Gross Profit vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MakeMyTrip's current stock value. Our valuation model uses many indicators to compare MakeMyTrip value to that of its competitors to determine the firm's financial worth. MakeMyTrip Limited is considered to be number one stock in shares outstanding category among its peers. It also is considered to be number one stock in gross profit category among its peers fabricating about 1.95 of Gross Profit per Shares Outstanding. 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 MakeMyTrip's earnings, one of the primary drivers of an investment's value.MakeMyTrip 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.
MakeMyTrip |
| = | 65.61 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.
MakeMyTrip |
| = | 128.25 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.
MakeMyTrip Gross Profit Comparison
MakeMyTrip is currently under evaluation in gross profit category among its peers.
MakeMyTrip Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MakeMyTrip, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MakeMyTrip will eventually generate negative long term returns. The profitability progress is the general direction of MakeMyTrip's change in net profit over the period of time. It can combine multiple indicators of MakeMyTrip, 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.
MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. The company was founded in 2000 and is based in Gurgaon, India. MakeMyTrip operates under Leisure classification in Germany and traded on Frankfurt Stock Exchange. It employs 3426 people.
MakeMyTrip Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MakeMyTrip. 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 MakeMyTrip 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 MakeMyTrip's important profitability drivers and their relationship over time.
Use MakeMyTrip 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 MakeMyTrip 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 MakeMyTrip will appreciate offsetting losses from the drop in the long position's value.MakeMyTrip Pair Trading
MakeMyTrip Limited Pair Trading Analysis
The ability to find closely correlated positions to MakeMyTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MakeMyTrip 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 MakeMyTrip - 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 MakeMyTrip Limited to buy it.
The correlation of MakeMyTrip 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 MakeMyTrip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MakeMyTrip Limited 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 MakeMyTrip 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 MakeMyTrip position
In addition to having MakeMyTrip 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?
Run Marketing Thematic Idea Now
Marketing
Companies providing marketing and public relation (PR) services as well as news and media distribution. The Marketing theme has 48 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 Marketing Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in MakeMyTrip Stock
When determining whether MakeMyTrip Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MakeMyTrip Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Makemytrip Limited Stock. Highlighted below are key reports to facilitate an investment decision about Makemytrip Limited Stock:Check out Correlation Analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
To fully project MakeMyTrip's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MakeMyTrip Limited 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 MakeMyTrip's income statement, its balance sheet, and the statement of cash flows.