Automotive Properties Return On Asset vs. Cash And Equivalents

APR-UN Stock  CAD 11.38  0.08  0.71%   
Based on Automotive Properties' profitability indicators, Automotive Properties' profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Automotive Properties' ability to earn profits and add value for shareholders. At present, Automotive Properties' Days Sales Outstanding is projected to slightly grow based on the last few years of reporting. The current year's EV To Sales is expected to grow to 19.02, whereas Price To Sales Ratio is forecasted to decline to 5.43. At present, Automotive Properties' Accumulated Other Comprehensive Income is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 91.4 M, whereas Income Before Tax is forecasted to decline to about 30.5 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.670.8479
Significantly Down
Pretty Stable
Operating Profit Margin0.750.7856
Sufficiently Down
Slightly volatile
For Automotive Properties profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Automotive Properties to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Automotive Properties Real utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Automotive Properties's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Automotive Properties Real over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Automotive Properties' value and its price as these two are different measures arrived at by different means. Investors typically determine if Automotive Properties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Automotive Properties' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Automotive Properties Cash And Equivalents vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Automotive Properties's current stock value. Our valuation model uses many indicators to compare Automotive Properties value to that of its competitors to determine the firm's financial worth.
Automotive Properties Real is number one stock in return on asset category among its peers. It is rated second in cash and equivalents category among its peers creating about  797,883,598  of Cash And Equivalents per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Automotive Properties by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Automotive Properties' 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.

Automotive Cash And Equivalents 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.

Automotive Properties

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0378
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Automotive Properties

Cash

 = 

Bank Deposits

+

Liquidities

 = 
30.16 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Automotive Cash And Equivalents Comparison

Automotive Properties is currently under evaluation in cash and equivalents category among its peers.

Automotive Properties Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Automotive Properties, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Automotive Properties will eventually generate negative long term returns. The profitability progress is the general direction of Automotive Properties' change in net profit over the period of time. It can combine multiple indicators of Automotive Properties, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income540 M567 M
Operating Income87.1 M91.4 M
Income Before Tax51 M30.5 M
Total Other Income Expense Net-36.1 M-34.3 M
Net Income51 M30.2 M
Income Tax Expense38.9 M40.8 M
Net Income From Continuing Ops51 M40.6 M
Net Income Applicable To Common Shares95.9 M100.7 M
Net Interest Income-24.5 M-23.3 M
Change To Netincome-17.2 M-16.4 M
Net Income Per Share 1.04  0.87 
Income Quality 1.46  1.53 
Net Income Per E B T 1.29  1.36 

Automotive Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Automotive Properties. 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 Automotive Properties 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 Automotive Properties' important profitability drivers and their relationship over time.

Use Automotive Properties 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 Automotive Properties 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 Automotive Properties will appreciate offsetting losses from the drop in the long position's value.

Automotive Properties Pair Trading

Automotive Properties Real Pair Trading Analysis

The ability to find closely correlated positions to Automotive Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Automotive Properties 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 Automotive Properties - 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 Automotive Properties Real to buy it.
The correlation of Automotive Properties 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 Automotive Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Automotive Properties 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 Automotive Properties 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Automotive Properties position

In addition to having Automotive Properties 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.

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SPAC
SPAC Theme
Entities that are involved in raising capital, merging with and acquiring companies, and investing in private equity through leveraged buyouts. The SPAC theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize SPAC Theme or any other thematic opportunities.
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Other Information on Investing in Automotive Stock

To fully project Automotive Properties' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Automotive Properties 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 Automotive Properties' income statement, its balance sheet, and the statement of cash flows.
Potential Automotive Properties investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Automotive Properties investors may work on each financial statement separately, they are all related. The changes in Automotive Properties's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Automotive Properties's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.