Steel Authority Total Debt vs. Gross Profit
| SAIL Stock | 116.10 2.81 2.36% |
For Steel Authority profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Steel Authority to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Steel Authority of utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Steel Authority's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Steel Authority of over time as well as its relative position and ranking within its peers.
Steel |
Steel Authority Gross Profit vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Steel Authority's current stock value. Our valuation model uses many indicators to compare Steel Authority value to that of its competitors to determine the firm's financial worth. Steel Authority of is rated below average in total debt category among its peers. It is rated second in gross profit category among its peers fabricating about 1.25 of Gross Profit per Total Debt. At this time, Steel Authority's Gross Profit 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 Steel Authority's earnings, one of the primary drivers of an investment's value.Steel Total Debt vs. Competition
Steel Authority of is rated below average in total debt category among its peers. Total debt of Materials industry is at this time estimated at about 952.12 Billion. Steel Authority totals roughly 363.23 Billion in total debt claiming about 38% of all equities under Materials industry.
Steel Gross Profit vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Steel Authority |
| = | 363.23 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Steel Authority |
| = | 454.03 B |
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.
Steel Gross Profit Comparison
Steel Authority is currently regarded as top stock in gross profit category among its peers.
Steel Authority Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Steel Authority, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Steel Authority will eventually generate negative long term returns. The profitability progress is the general direction of Steel Authority's change in net profit over the period of time. It can combine multiple indicators of Steel Authority, 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 | 63.6 B | 66.7 B | |
| Operating Income | 367.3 B | 385.7 B | |
| Income Before Tax | 40.6 B | 40.2 B | |
| Total Other Income Expense Net | -326.7 B | -310.4 B | |
| Net Income Applicable To Common Shares | 19.6 B | 18.6 B | |
| Net Income | 30.7 B | 39.8 B | |
| Income Tax Expense | 10 B | 11.6 B | |
| Net Income From Continuing Ops | 30.7 B | 23.5 B | |
| Interest Income | 3.2 B | 3 B | |
| Net Interest Income | -24.7 B | -26 B | |
| Change To Netincome | 57.3 B | 60.2 B |
Steel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Steel Authority. 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 Steel Authority 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 Steel Authority's important profitability drivers and their relationship over time.
Use Steel Authority 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 Steel Authority 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 Steel Authority will appreciate offsetting losses from the drop in the long position's value.Steel Authority Pair Trading
Steel Authority of Pair Trading Analysis
The ability to find closely correlated positions to Steel Authority could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Authority 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 Steel Authority - 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 Steel Authority of to buy it.
The correlation of Steel Authority 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 Steel Authority moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Authority 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 Steel Authority 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 Steel Authority position
In addition to having Steel Authority 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 Preferred Stock ETFs Thematic Idea Now
Preferred Stock ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Preferred Stock ETFs theme has 16 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 Preferred Stock ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Steel Stock Analysis
When running Steel Authority's price analysis, check to measure Steel Authority'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 Steel Authority is operating at the current time. Most of Steel Authority's value examination focuses on studying past and present price action to predict the probability of Steel Authority's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Authority's price. Additionally, you may evaluate how the addition of Steel Authority to your portfolios can decrease your overall portfolio volatility.