Skycity Entertainment Group Stock Return On Asset

SKC Stock   1.31  0.03  2.24%   
Skycity Entertainment Group fundamentals help investors to digest information that contributes to Skycity Entertainment's financial success or failures. It also enables traders to predict the movement of Skycity Stock. The fundamental analysis module provides a way to measure Skycity Entertainment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skycity Entertainment stock.
  
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Skycity Entertainment Group Company Return On Asset Analysis

Skycity Entertainment's 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.

Return On Asset

 = 

Net Income

Total Assets

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Current Skycity Entertainment Return On Asset

    
  0.0386  
Most of Skycity Entertainment's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skycity Entertainment Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Competition

Skycity Total Assets

Total Assets

1.99 Billion

At this time, Skycity Entertainment's Total Assets are comparatively stable compared to the past year.
Based on the latest financial disclosure, Skycity Entertainment Group has a Return On Asset of 0.0386. This is 96.46% lower than that of the Hotels, Restaurants & Leisure sector and 98.98% lower than that of the Consumer Discretionary industry. The return on asset for all Australia stocks is 127.57% lower than that of the firm.

Skycity Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skycity Entertainment's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skycity Entertainment could also be used in its relative valuation, which is a method of valuing Skycity Entertainment by comparing valuation metrics of similar companies.
Skycity Entertainment is currently under evaluation in return on asset category among its peers.

Skycity Fundamentals

About Skycity Entertainment Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Skycity Entertainment Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skycity Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skycity Entertainment Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Skycity Stock Analysis

When running Skycity Entertainment's price analysis, check to measure Skycity Entertainment'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 Skycity Entertainment is operating at the current time. Most of Skycity Entertainment's value examination focuses on studying past and present price action to predict the probability of Skycity Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skycity Entertainment's price. Additionally, you may evaluate how the addition of Skycity Entertainment to your portfolios can decrease your overall portfolio volatility.