Equinor ASA EBITDA vs. Return On Asset
| STOHF Stock | USD 23.00 0.49 2.09% |
For Equinor ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Equinor ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Equinor ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Equinor ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Equinor ASA over time as well as its relative position and ranking within its peers.
Equinor |
Equinor ASA Return On Asset vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Equinor ASA's current stock value. Our valuation model uses many indicators to compare Equinor ASA value to that of its competitors to determine the firm's financial worth. Equinor ASA is rated below average in ebitda category among its peers. It is currently regarded as top stock in return on asset category among its peers . The ratio of EBITDA to Return On Asset for Equinor ASA is about 282,915,165,411 . 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 Equinor ASA's earnings, one of the primary drivers of an investment's value.Equinor Return On Asset vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Equinor ASA |
| = | 86.37 B |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Equinor ASA |
| = | 0.31 |
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.
Equinor Return On Asset Comparison
Equinor ASA is currently under evaluation in return on asset category among its peers.
Equinor ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Equinor ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Equinor ASA will eventually generate negative long term returns. The profitability progress is the general direction of Equinor ASA's change in net profit over the period of time. It can combine multiple indicators of Equinor ASA, 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.
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway. EQUINOR ASA operates under Oil Gas Integrated classification in the United States and is traded on OTC Exchange. It employs 21126 people.
Equinor Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Equinor ASA. 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 Equinor ASA 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 Equinor ASA's important profitability drivers and their relationship over time.
Use Equinor ASA 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 Equinor ASA 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 Equinor ASA will appreciate offsetting losses from the drop in the long position's value.Equinor ASA Pair Trading
Equinor ASA Pair Trading Analysis
The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA 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 Equinor ASA - 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 Equinor ASA to buy it.
The correlation of Equinor ASA 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 Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA 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 Equinor ASA 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 Equinor ASA position
In addition to having Equinor ASA 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?
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Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 189 constituents at this time.
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Other Information on Investing in Equinor Pink Sheet
To fully project Equinor ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Equinor ASA 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 Equinor ASA's income statement, its balance sheet, and the statement of cash flows.