Shikun Binui Return On Asset vs. Gross Profit
| SKBN Stock | ILS 1,399 6.00 0.43% |
For Shikun Binui profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shikun Binui to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shikun Binui utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shikun Binui's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shikun Binui over time as well as its relative position and ranking within its peers.
Shikun |
Shikun Binui Gross Profit vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shikun Binui's current stock value. Our valuation model uses many indicators to compare Shikun Binui value to that of its competitors to determine the firm's financial worth. Shikun Binui is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in gross profit category among its peers fabricating about 80,243,064,516 of Gross Profit per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Shikun Binui by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shikun Binui's 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.Shikun Gross Profit 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.
Shikun Binui |
| = | 0.0124 |
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.
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.
Shikun Binui |
| = | 995.01 M |
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.
Shikun Gross Profit Comparison
Shikun Binui is currently under evaluation in gross profit category among its peers.
Shikun Binui Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shikun Binui, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shikun Binui will eventually generate negative long term returns. The profitability progress is the general direction of Shikun Binui's change in net profit over the period of time. It can combine multiple indicators of Shikun Binui, 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.
Shikun Binui Ltd., together with its subsidiaries, engages in the infrastructure and construction, real estate development, concessions, energy, and other businesses in Israel and internationally. The company was founded in 1920 and is headquartered in Airport City, Israel. SHIKUN BINUI operates under Engineering Construction classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 9297 people.
Shikun Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shikun Binui. 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 Shikun Binui 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 Shikun Binui's important profitability drivers and their relationship over time.
Use Shikun Binui 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 Shikun Binui 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 Shikun Binui will appreciate offsetting losses from the drop in the long position's value.Shikun Binui Pair Trading
Shikun Binui Pair Trading Analysis
The ability to find closely correlated positions to Shikun Binui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shikun Binui 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 Shikun Binui - 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 Shikun Binui to buy it.
The correlation of Shikun Binui 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 Shikun Binui moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shikun Binui 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 Shikun Binui 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 Shikun Binui position
In addition to having Shikun Binui 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 Energy Funds Thematic Idea Now
Energy Funds
Funds or Etfs investing in energy sector, natural resources, and ecology. The Energy Funds theme has 47 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 Energy Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Shikun Stock
To fully project Shikun Binui's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shikun Binui 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 Shikun Binui's income statement, its balance sheet, and the statement of cash flows.