CareRay Digital Gross Profit vs. Revenue
| 688607 Stock | 13.79 0.48 3.36% |
Gross Profit | First Reported 2010-12-31 | Previous Quarter 108.5 M | Current Value 121.5 M | Quarterly Volatility 25.2 M |
For CareRay Digital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CareRay Digital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CareRay Digital Medical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CareRay Digital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CareRay Digital Medical over time as well as its relative position and ranking within its peers.
CareRay |
CareRay Digital Medical Revenue vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CareRay Digital's current stock value. Our valuation model uses many indicators to compare CareRay Digital value to that of its competitors to determine the firm's financial worth. CareRay Digital Medical is rated second in gross profit category among its peers. It also is rated second in revenue category among its peers totaling about 0.80 of Revenue per Gross Profit. The ratio of Gross Profit to Revenue for CareRay Digital Medical is roughly 1.25 . At present, CareRay Digital's Gross Profit is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value CareRay Digital by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CareRay Digital's Stock. 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.CareRay Revenue 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.
CareRay Digital |
| = | 341.98 M |
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.
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.
CareRay Digital |
| = | 273.74 M |
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.
CareRay Revenue vs Competition
CareRay Digital Medical is rated second in revenue category among its peers. Market size based on revenue of Health Care industry is presently estimated at about 44.56 Billion. CareRay Digital maintains roughly 273.74 Million in revenue contributing less than 1% to equities under Health Care industry.
CareRay Digital Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CareRay Digital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CareRay Digital will eventually generate negative long term returns. The profitability progress is the general direction of CareRay Digital's change in net profit over the period of time. It can combine multiple indicators of CareRay Digital, 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 | ||
| Operating Income | 7.8 M | 7.4 M | |
| Income Before Tax | 15.3 M | 14.5 M | |
| Total Other Income Expense Net | -9.4 M | -8.9 M | |
| Net Income | 15.4 M | 14.6 M | |
| Income Tax Expense | -2.9 M | -2.8 M | |
| Net Interest Income | 835.1 K | 1 M | |
| Interest Income | 1.5 M | 1.6 M | |
| Net Income From Continuing Ops | 15.4 M | 14.6 M |
CareRay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CareRay Digital. 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 CareRay Digital 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 CareRay Digital's important profitability drivers and their relationship over time.
Use CareRay Digital 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 CareRay Digital 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 CareRay Digital will appreciate offsetting losses from the drop in the long position's value.CareRay Digital Pair Trading
CareRay Digital Medical Pair Trading Analysis
The ability to find closely correlated positions to CareRay Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRay Digital 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 CareRay Digital - 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 CareRay Digital Medical to buy it.
The correlation of CareRay Digital 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 CareRay Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRay Digital Medical 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 CareRay Digital 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 CareRay Digital position
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Other Information on Investing in CareRay Stock
To fully project CareRay Digital's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CareRay Digital Medical 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 CareRay Digital's income statement, its balance sheet, and the statement of cash flows.