TMT Steel Gross Profit vs. Return On Asset

TMT Stock  THB 3.30  0.02  0.61%   
Taking into consideration TMT Steel's profitability measurements, TMT Steel Public may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess TMT Steel's ability to earn profits and add value for shareholders.
For TMT Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TMT Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TMT Steel Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TMT Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TMT Steel Public 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 TMT Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if TMT Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TMT Steel's 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.

TMT Steel Public Return On Asset vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining TMT Steel's current stock value. Our valuation model uses many indicators to compare TMT Steel value to that of its competitors to determine the firm's financial worth.
TMT Steel Public is currently regarded as top stock in gross profit category among its peers. It also is currently regarded as top stock in return on asset category among its peers . The ratio of Gross Profit to Return On Asset for TMT Steel Public is about  85,578,593,601 . 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 TMT Steel's earnings, one of the primary drivers of an investment's value.

TMT 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.

TMT Steel

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
2.66 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.
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.

TMT Steel

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0311
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.

TMT Return On Asset Comparison

TMT Steel is currently under evaluation in return on asset category among its peers.

TMT Steel Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in TMT Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TMT Steel will eventually generate negative long term returns. The profitability progress is the general direction of TMT Steel's change in net profit over the period of time. It can combine multiple indicators of TMT Steel, 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.
Tmt Steel Public Company Limited sells and transforms structural steel, plates, and sheets primarily in Thailand. Tmt Steel Public Company Limited was founded in 1992 and is headquartered in Bangkok, Thailand. TMT STEEL operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.

TMT Profitability Driver Comparison

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

Use TMT Steel 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 TMT Steel 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 TMT Steel will appreciate offsetting losses from the drop in the long position's value.

TMT Steel Pair Trading

TMT Steel Public Pair Trading Analysis

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

In addition to having TMT Steel 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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Software
Software Theme
Companies that develop and distribute software and software systems to individuals or business. The Software theme has 43 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 Software Theme or any other thematic opportunities.
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Other Information on Investing in TMT Stock

To fully project TMT Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TMT Steel Public 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 TMT Steel's income statement, its balance sheet, and the statement of cash flows.
Potential TMT Steel investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although TMT Steel investors may work on each financial statement separately, they are all related. The changes in TMT Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TMT Steel'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.