Neogen Chemicals Revenue vs. Gross Profit
| NEOGEN Stock | 2,183 48.90 2.19% |
For Neogen Chemicals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Neogen Chemicals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Neogen Chemicals Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Neogen Chemicals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Neogen Chemicals Limited over time as well as its relative position and ranking within its peers.
Neogen |
Neogen Chemicals Gross Profit vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Neogen Chemicals's current stock value. Our valuation model uses many indicators to compare Neogen Chemicals value to that of its competitors to determine the firm's financial worth. Neogen Chemicals Limited is rated top company in revenue category among its peers. It also is considered to be number one stock in gross profit category among its peers fabricating about 0.31 of Gross Profit per Revenue. The ratio of Revenue to Gross Profit for Neogen Chemicals Limited is roughly 3.25 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Neogen Chemicals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Neogen Chemicals' 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.Neogen Revenue vs. Competition
Neogen Chemicals Limited is rated top company in revenue category among its peers. Market size based on revenue of Materials industry is now estimated at about 780.94 Billion. Neogen Chemicals maintains roughly 6.91 Billion in revenue contributing less than 1% to all equities under Materials industry.
Neogen 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.
Neogen Chemicals |
| = | 6.91 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.
Neogen Chemicals |
| = | 2.12 B |
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.
Neogen Gross Profit Comparison
Neogen Chemicals is currently under evaluation in gross profit category among its peers.
Neogen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Neogen Chemicals. 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 Neogen Chemicals 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 Neogen Chemicals' important profitability drivers and their relationship over time.
Use Neogen Chemicals 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 Neogen Chemicals 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 Neogen Chemicals will appreciate offsetting losses from the drop in the long position's value.Neogen Chemicals Pair Trading
Neogen Chemicals Limited Pair Trading Analysis
The ability to find closely correlated positions to Neogen Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neogen Chemicals 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 Neogen Chemicals - 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 Neogen Chemicals Limited to buy it.
The correlation of Neogen Chemicals 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 Neogen Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neogen Chemicals 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 Neogen Chemicals 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 Neogen Chemicals position
In addition to having Neogen Chemicals 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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Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
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Other Information on Investing in Neogen Stock
To fully project Neogen Chemicals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Neogen Chemicals 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 Neogen Chemicals' income statement, its balance sheet, and the statement of cash flows.