AKITA Drilling Return On Equity vs. Revenue
| AKTAF Stock | USD 1.15 0.01 0.86% |
For AKITA Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of AKITA Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well AKITA Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between AKITA Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of AKITA Drilling over time as well as its relative position and ranking within its peers.
AKITA |
AKITA Drilling Revenue vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining AKITA Drilling's current stock value. Our valuation model uses many indicators to compare AKITA Drilling value to that of its competitors to determine the firm's financial worth. AKITA Drilling is rated below average in return on equity category among its peers. It is rated fifth in revenue category among its peers . 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 AKITA Drilling's earnings, one of the primary drivers of an investment's value.AKITA Revenue vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
AKITA Drilling |
| = | -0.0705 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
AKITA Drilling |
| = | 110.09 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.
AKITA Revenue vs Competition
AKITA Drilling is rated fifth in revenue category among its peers. Market size based on revenue of Energy industry is presently estimated at about 6.1 Billion. AKITA Drilling claims roughly 110.09 Million in revenue contributing just under 2% to equities under Energy industry.
AKITA Drilling Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in AKITA Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, AKITA Drilling will eventually generate negative long term returns. The profitability progress is the general direction of AKITA Drilling's change in net profit over the period of time. It can combine multiple indicators of AKITA Drilling, 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.
AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. The company was founded in 1964 and is headquartered in Calgary, Canada. Akita Drilling operates under Oil Gas Drilling classification in the United States and is traded on OTC Exchange. It employs 1060 people.
AKITA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on AKITA Drilling. 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 AKITA Drilling 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 AKITA Drilling's important profitability drivers and their relationship over time.
Use AKITA Drilling 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 AKITA Drilling 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 AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.AKITA Drilling Pair Trading
AKITA Drilling Pair Trading Analysis
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling 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 AKITA Drilling - 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 AKITA Drilling to buy it.
The correlation of AKITA Drilling 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 AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling 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 AKITA Drilling 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 AKITA Drilling position
In addition to having AKITA Drilling 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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Other Information on Investing in AKITA Pink Sheet
To fully project AKITA Drilling's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of AKITA Drilling 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 AKITA Drilling's income statement, its balance sheet, and the statement of cash flows.