ELEMENT FLEET Return On Asset vs. Total Debt
| 61F Stock | EUR 18.90 0.10 0.53% |
For ELEMENT FLEET profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ELEMENT FLEET to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ELEMENT FLEET MGMT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ELEMENT FLEET's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ELEMENT FLEET MGMT over time as well as its relative position and ranking within its peers.
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ELEMENT FLEET MGMT Total Debt vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ELEMENT FLEET's current stock value. Our valuation model uses many indicators to compare ELEMENT FLEET value to that of its competitors to determine the firm's financial worth. ELEMENT FLEET MGMT is rated below average in return on asset category among its peers. It is rated third in total debt category among its peers making up about 292,358,803,987 of Total Debt per Return On Asset. 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 ELEMENT FLEET's earnings, one of the primary drivers of an investment's value.ELEMENT Total Debt 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.
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| = | 0.0301 |
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.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
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| = | 8.8 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
ELEMENT Total Debt vs Competition
ELEMENT FLEET MGMT is rated third in total debt category among its peers. Total debt of Rental & Leasing Services industry is presently estimated at about 47.5 Billion. ELEMENT FLEET retains roughly 8.8 Billion in total debt claiming about 19% of equities listed under Rental & Leasing Services industry.
ELEMENT FLEET Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ELEMENT FLEET, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ELEMENT FLEET will eventually generate negative long term returns. The profitability progress is the general direction of ELEMENT FLEET's change in net profit over the period of time. It can combine multiple indicators of ELEMENT FLEET, 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.
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utility industries. ELEMENT FLEET operates under Rental Leasing Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2500 people.
ELEMENT Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ELEMENT FLEET. 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 ELEMENT FLEET 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 ELEMENT FLEET's important profitability drivers and their relationship over time.
Use ELEMENT FLEET 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 ELEMENT FLEET 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 ELEMENT FLEET will appreciate offsetting losses from the drop in the long position's value.ELEMENT FLEET Pair Trading
ELEMENT FLEET MGMT Pair Trading Analysis
The ability to find closely correlated positions to ELEMENT FLEET could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ELEMENT FLEET 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 ELEMENT FLEET - 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 ELEMENT FLEET MGMT to buy it.
The correlation of ELEMENT FLEET 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 ELEMENT FLEET moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ELEMENT FLEET MGMT 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 ELEMENT FLEET 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 ELEMENT FLEET position
In addition to having ELEMENT FLEET 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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A long-term portfolio of publicly-traded stocks on US exchanges that are owned by Warren Buffett's holding company Berkshire Hathaway. The Warren Buffett Holdings theme has 45 constituents at this time.
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Other Information on Investing in ELEMENT Stock
To fully project ELEMENT FLEET's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ELEMENT FLEET MGMT 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 ELEMENT FLEET's income statement, its balance sheet, and the statement of cash flows.