Weir Group Revenue vs. Return On Asset
| WEIR Stock | 2,254 18.00 0.79% |
Total Revenue | First Reported 1985-01-31 | Previous Quarter 1.3 B | Current Value 1.2 B | Quarterly Volatility 357.6 M |
For Weir Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Weir Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Weir Group PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Weir Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Weir Group PLC over time as well as its relative position and ranking within its peers.
Weir |
Weir Group PLC Return On Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Weir Group's current stock value. Our valuation model uses many indicators to compare Weir Group value to that of its competitors to determine the firm's financial worth. Weir Group PLC is rated first in revenue category among its peers. It is rated first in return on asset category among its peers . The ratio of Revenue to Return On Asset for Weir Group PLC is about 45,136,986,301 . At this time, Weir Group's Total Revenue is comparatively stable compared to the past year. 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 Weir Group's earnings, one of the primary drivers of an investment's value.Weir Revenue vs. Competition
Weir Group PLC is rated first in revenue category among its peers. Market size based on revenue of Industrials industry is at this time estimated at about 5.32 Billion. Weir Group totals roughly 2.64 Billion in revenue claiming about 50% of equities under Industrials industry.
Weir Return On Asset 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.
Weir Group |
| = | 2.64 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.
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.
Weir Group |
| = | 0.0584 |
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.
Weir Return On Asset Comparison
Weir Group is currently under evaluation in return on asset category among its peers.
Weir Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Weir Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Weir Group will eventually generate negative long term returns. The profitability progress is the general direction of Weir Group's change in net profit over the period of time. It can combine multiple indicators of Weir Group, 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 | 95.8 M | 100.6 M | |
| Operating Income | 368.4 M | 386.8 M | |
| Income Before Tax | 320.7 M | 336.7 M | |
| Total Other Income Expense Net | -47.7 M | -50.1 M | |
| Net Income | 229.2 M | 240.7 M | |
| Income Tax Expense | 90.8 M | 95.3 M | |
| Net Income Applicable To Common Shares | 245.4 M | 257.7 M | |
| Net Interest Income | -47.6 M | -50 M | |
| Interest Income | 16.1 M | 16.9 M | |
| Net Income From Continuing Ops | 229.9 M | 241.4 M | |
| Change To Netincome | 32.4 M | 30.8 M |
Weir Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Weir Group. 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 Weir Group 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 Weir Group's important profitability drivers and their relationship over time.
Use Weir Group 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 Weir Group 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 Weir Group will appreciate offsetting losses from the drop in the long position's value.Weir Group Pair Trading
Weir Group PLC Pair Trading Analysis
The ability to find closely correlated positions to Weir Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Weir Group 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 Weir Group - 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 Weir Group PLC to buy it.
The correlation of Weir Group 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 Weir Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Weir Group PLC 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 Weir Group 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 Weir Group position
In addition to having Weir Group 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 with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
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Additional Tools for Weir Stock Analysis
When running Weir Group's price analysis, check to measure Weir Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Weir Group is operating at the current time. Most of Weir Group's value examination focuses on studying past and present price action to predict the probability of Weir Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weir Group's price. Additionally, you may evaluate how the addition of Weir Group to your portfolios can decrease your overall portfolio volatility.