Corby Spirit Price To Sales vs. Return On Equity

CSW-A Stock  CAD 12.30  0.03  0.24%   
Based on Corby Spirit's profitability indicators, Corby Spirit and is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Corby Spirit's ability to earn profits and add value for shareholders.

Corby Spirit Price To Sales Ratio

4.12

4.604.134.204.023.463.023.213.082.481.594.12
At this time, Corby Spirit's Price To Sales Ratio is comparatively stable compared to the past year. EV To Sales is likely to gain to 4.86 in 2024, whereas Days Sales Outstanding is likely to drop 73.30 in 2024. At this time, Corby Spirit's Accumulated Other Comprehensive Income is comparatively stable compared to the past year. Net Income is likely to gain to about 24.1 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (7.4 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.60.5041
Fairly Up
Pretty Stable
Net Profit Margin0.320.1041
Way Up
Slightly volatile
Operating Profit Margin0.320.1774
Way Up
Slightly volatile
Pretax Profit Margin0.410.1432
Way Up
Slightly volatile
Return On Assets0.130.0569
Way Up
Slightly volatile
Return On Equity0.280.1317
Way Up
Slightly volatile
For Corby Spirit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Corby Spirit to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Corby Spirit and utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Corby Spirit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Corby Spirit and 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 Corby Spirit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corby Spirit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corby Spirit's 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.

Corby Spirit Return On Equity vs. Price To Sales Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Corby Spirit's current stock value. Our valuation model uses many indicators to compare Corby Spirit value to that of its competitors to determine the firm's financial worth.
JavaScript chart by amCharts 3.21.15SBIOEBMCSW-A -8-7-6-5-4-3-2-10 0102030405060
Corby Spirit and is number one stock in price to sales category among its peers. It also is number one stock in return on equity category among its peers reporting about  0.09  of Return On Equity per Price To Sales. The ratio of Price To Sales to Return On Equity for Corby Spirit and is roughly  11.52 . At this time, Corby Spirit's Price To Sales Ratio is comparatively stable compared to the past year. 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 Corby Spirit's earnings, one of the primary drivers of an investment's value.

Corby Return On Equity vs. Price To Sales

Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Corby Spirit

P/S

 = 

MV Per Share

Revenue Per Share

 = 
1.52 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.

Corby Spirit

Return On Equity

 = 

Net Income

Total Equity

 = 
0.13
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.

Corby Return On Equity Comparison

Corby Spirit is currently under evaluation in return on equity category among its peers.

Corby Spirit Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Corby Spirit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Corby Spirit will eventually generate negative long term returns. The profitability progress is the general direction of Corby Spirit's change in net profit over the period of time. It can combine multiple indicators of Corby Spirit, 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 Income8.4 M8.9 M
Operating Income40.7 M31.7 M
Income Before Tax32.9 M32.7 M
Total Other Income Expense Net-7.8 M-7.4 M
Net Income23.9 M24.1 M
Income Tax ExpenseM8.7 M
Net Income From Continuing Ops23.9 M27.4 M
Net Income Applicable To Common Shares25.3 M27.6 M
Net Interest Income-7.8 M-7.4 M
Interest Income1.2 M1.2 M
Change To Netincome2.6 M2.7 M
Net Income Per Share 0.84  1.41 
Income Quality 1.32  0.71 
Net Income Per E B T 0.73  0.77 

Corby Profitability Driver Comparison

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

Use Corby Spirit 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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.

Corby Spirit Pair Trading

Corby Spirit and Pair Trading Analysis

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

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Utilities - Regulated Electric
Utilities - Regulated Electric Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 7 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 Utilities - Regulated Electric Theme or any other thematic opportunities.
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Additional Tools for Corby Stock Analysis

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