Superior Plus Return On Asset vs. Shares Outstanding

SPB Stock  CAD 6.45  0.29  4.30%   
Based on Superior Plus' profitability indicators, Superior Plus Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Superior Plus' ability to earn profits and add value for shareholders. As of the 13th of December 2024, Price To Sales Ratio is likely to grow to 0.95. Also, Days Sales Outstanding is likely to grow to 49.80. At this time, Superior Plus' Income Quality is very stable compared to the past year.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.260.4567
Way Down
Slightly volatile
Operating Profit Margin0.0430.0812
Way Down
Slightly volatile
For Superior Plus profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Superior Plus to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Superior Plus Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Superior Plus's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Superior Plus Corp over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Superior Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Superior Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Plus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Superior Plus Corp Shares Outstanding vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Superior Plus's current stock value. Our valuation model uses many indicators to compare Superior Plus value to that of its competitors to determine the firm's financial worth.
Superior Plus Corp is rated second in return on asset category among its peers. It is currently regarded as top stock in shares outstanding category among its peers creating about  7,509,335,589  of Shares Outstanding per Return On Asset. As of the 13th of December 2024, Common Stock Shares Outstanding is likely to grow to about 271.9 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Superior Plus by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Superior Plus' 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.

Superior Shares Outstanding vs. Return On Asset

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.

Superior Plus

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0331
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.
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.

Superior Plus

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
248.56 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.

Superior Shares Outstanding Comparison

Superior Plus is currently under evaluation in shares outstanding category among its peers.

Superior Plus Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Superior Plus, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Superior Plus will eventually generate negative long term returns. The profitability progress is the general direction of Superior Plus' change in net profit over the period of time. It can combine multiple indicators of Superior Plus, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income117.1 M123 M
Operating Income272.3 M136.5 M
Total Other Income Expense Net-159.1 M-151.1 M
Net Income51.6 M46.9 M
Income Tax Expense36.2 M38 M
Income Before Tax113.2 M118.9 M
Net Income From Continuing Ops58 M60.9 M
Net Loss-101.2 M-96.2 M
Net Interest Income-94.2 M-98.9 M
Interest Income8.6 M4.7 M
Change To Netincome158.4 M166.3 M
Net Income Per Share 0.23  0.43 
Income Quality 10.66  11.19 
Net Income Per E B T 0.46  0.43 

Superior Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Superior Plus. 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 Superior Plus 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 Superior Plus' important profitability drivers and their relationship over time.

Use Superior Plus 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 Superior Plus 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 Superior Plus will appreciate offsetting losses from the drop in the long position's value.

Superior Plus Pair Trading

Superior Plus Corp Pair Trading Analysis

The ability to find closely correlated positions to Superior Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Plus 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 Superior Plus - 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 Superior Plus Corp to buy it.
The correlation of Superior Plus 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 Superior Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Plus Corp 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 Superior Plus 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Superior Plus position

In addition to having Superior Plus 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.

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Run Strategy ETFs Thematic Idea Now

Strategy ETFs
Strategy ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Strategy ETFs theme has 1286 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 Strategy ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Superior Stock

To fully project Superior Plus' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Superior Plus Corp 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 Superior Plus' income statement, its balance sheet, and the statement of cash flows.
Potential Superior Plus investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Superior Plus investors may work on each financial statement separately, they are all related. The changes in Superior Plus's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Superior Plus's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.