Tanke Biosciences Cash And Equivalents vs. Current Ratio

TNBI Stock  USD 0.01  0.00  0.00%   
Based on Tanke Biosciences' profitability indicators, Tanke Biosciences 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 Tanke Biosciences' ability to earn profits and add value for shareholders.
For Tanke Biosciences profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tanke Biosciences to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tanke Biosciences utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tanke Biosciences's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tanke Biosciences 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 Tanke Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tanke Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tanke Biosciences' 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.

Tanke Biosciences Current Ratio vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Tanke Biosciences's current stock value. Our valuation model uses many indicators to compare Tanke Biosciences value to that of its competitors to determine the firm's financial worth.
Tanke Biosciences is currently regarded as top stock in cash and equivalents category among its peers. It also is currently regarded as top stock in current ratio category among its peers . The ratio of Cash And Equivalents to Current Ratio for Tanke Biosciences is about  3,161,491 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Tanke Biosciences by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tanke Biosciences' Pink Sheet. 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.

Tanke Current Ratio vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Tanke Biosciences

Cash

 = 

Bank Deposits

+

Liquidities

 = 
5.09 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Tanke Biosciences

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
1.61 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Tanke Current Ratio Comparison

Tanke Biosciences is currently under evaluation in current ratio category among its peers.

Tanke Biosciences Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Tanke Biosciences, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tanke Biosciences will eventually generate negative long term returns. The profitability progress is the general direction of Tanke Biosciences' change in net profit over the period of time. It can combine multiple indicators of Tanke Biosciences, 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.
Tanke Biosciences Corporation, through its subsidiaries, develops, produces, markets, and sells animal nutrition and feed additive products. Tanke Biosciences Corporation was founded in 1989 and is headquartered in Guangzhou, the Peoples Republic of China. TANKE BIOSCIENCES operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 130 people.

Tanke Profitability Driver Comparison

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

Use Tanke Biosciences 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 Tanke Biosciences 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 Tanke Biosciences will appreciate offsetting losses from the drop in the long position's value.

Tanke Biosciences Pair Trading

Tanke Biosciences Pair Trading Analysis

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

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Other Information on Investing in Tanke Pink Sheet

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