RITES Price To Sales vs. Revenue
| RITES Stock | 296.45 2.30 0.77% |
For RITES profitability analysis, we use financial ratios and fundamental drivers that measure the ability of RITES to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well RITES Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between RITES's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of RITES Limited over time as well as its relative position and ranking within its peers.
RITES |
RITES Limited Revenue vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining RITES's current stock value. Our valuation model uses many indicators to compare RITES value to that of its competitors to determine the firm's financial worth. RITES Limited is currently regarded as top stock in price to sales category among its peers. It also is currently regarded number one company in revenue category among its peers totaling about 4,005,211,748 of Revenue per Price To Sales. At this time, RITES'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 RITES by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for RITES'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.RITES Revenue vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
RITES |
| = | 6.10 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
RITES |
| = | 24.44 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.
RITES Revenue vs Competition
RITES Limited is currently regarded number one company in revenue category among its peers. Market size based on revenue of Industrials industry is at this time estimated at about 154.56 Billion. RITES retains roughly 24.44 Billion in revenue claiming about 16% of equities under Industrials industry.
RITES Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in RITES, profitability is also one of the essential criteria for including it into their portfolios because, without profit, RITES will eventually generate negative long term returns. The profitability progress is the general direction of RITES's change in net profit over the period of time. It can combine multiple indicators of RITES, 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 | 16.2 B | 17.1 B | |
| Operating Income | 7.5 B | 5.4 B | |
| Income Before Tax | 6.7 B | 6.5 B | |
| Total Other Income Expense Net | -768.4 M | -730 M | |
| Net Income | 4.6 B | 6.3 B | |
| Income Tax Expense | 1.8 B | 1.9 B | |
| Net Income From Continuing Ops | 5 B | 4.9 B | |
| Net Income Applicable To Common Shares | 6.2 B | 4.8 B | |
| Net Interest Income | -47.1 M | -44.7 M | |
| Interest Income | 54.6 M | 51.9 M | |
| Change To Netincome | 277.4 M | 291.2 M |
RITES Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on RITES. 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 RITES 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 RITES's important profitability drivers and their relationship over time.
Use RITES 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 RITES 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 RITES will appreciate offsetting losses from the drop in the long position's value.RITES Pair Trading
RITES Limited Pair Trading Analysis
The ability to find closely correlated positions to RITES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RITES 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 RITES - 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 RITES Limited to buy it.
The correlation of RITES 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 RITES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RITES 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 RITES 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 RITES position
In addition to having RITES 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 Cars Thematic Idea Now
Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 47 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 Cars Theme or any other thematic opportunities.
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Other Information on Investing in RITES Stock
To fully project RITES's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of RITES 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 RITES's income statement, its balance sheet, and the statement of cash flows.