Russel Metals Return On Asset vs. Net Income
| RUS Stock | CAD 44.35 0.60 1.33% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.22 | 0.2123 |
|
| |||||
| Operating Profit Margin | 0.13 | 0.1243 |
|
|
For Russel Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Russel Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Russel Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Russel Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Russel Metals over time as well as its relative position and ranking within its peers.
Russel |
Russel Metals Net Income vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Russel Metals's current stock value. Our valuation model uses many indicators to compare Russel Metals value to that of its competitors to determine the firm's financial worth. Russel Metals is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in net income category among its peers making up about 4,474,832,215 of Net Income per Return On Asset. At this time, Russel Metals' Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Russel Metals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Russel Metals' 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.Russel Net Income 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.
Russel Metals |
| = | 0.0596 |
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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Russel Metals |
| = | 266.7 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Russel Net Income Comparison
Russel Metals is currently under evaluation in net income category among its peers.
Russel Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Russel Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Russel Metals will eventually generate negative long term returns. The profitability progress is the general direction of Russel Metals' change in net profit over the period of time. It can combine multiple indicators of Russel Metals, 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 | ||
| Accumulated Other Comprehensive Income | 118.7 M | 124.6 M | |
| Operating Income | 560.2 M | 588.2 M | |
| Income Before Tax | 348.7 M | 366.1 M | |
| Total Other Income Expense Net | -211.5 M | -200.9 M | |
| Net Income | 266.7 M | 280 M | |
| Income Tax Expense | 82 M | 45.2 M | |
| Net Income From Continuing Ops | 266.7 M | 169.7 M | |
| Net Income Applicable To Common Shares | 427.7 M | 449.1 M | |
| Interest Income | 19.9 M | 23.9 M | |
| Net Interest Income | -8.9 M | -9.3 M | |
| Change To Netincome | -87.6 M | -83.2 M | |
| Net Income Per Share | 4.33 | 4.55 | |
| Income Quality | 1.73 | 1.64 | |
| Net Income Per E B T | 0.76 | 0.57 |
Russel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Russel Metals. 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 Russel Metals 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 Russel Metals' important profitability drivers and their relationship over time.
Use Russel Metals 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 Russel Metals 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 Russel Metals will appreciate offsetting losses from the drop in the long position's value.Russel Metals Pair Trading
Russel Metals Pair Trading Analysis
The ability to find closely correlated positions to Russel Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Russel Metals 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 Russel Metals - 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 Russel Metals to buy it.
The correlation of Russel Metals 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 Russel Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Russel Metals 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 Russel Metals 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 Russel Metals position
In addition to having Russel Metals 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?
Run Technology Thematic Idea Now
Technology
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Russel Stock
To fully project Russel Metals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Russel Metals 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 Russel Metals' income statement, its balance sheet, and the statement of cash flows.