TPL Plastech Profitability Analysis
| TPLPLASTEH | 108.78 3.29 3.12% |
Net Income | First Reported 2012-06-30 | Previous Quarter 44.8 M | Current Value 53.6 M | Quarterly Volatility 12.3 M |
For TPL Plastech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TPL Plastech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TPL Plastech Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TPL Plastech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TPL Plastech Limited over time as well as its relative position and ranking within its peers.
TPL |
TPL Plastech Limited Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TPL Plastech's current stock value. Our valuation model uses many indicators to compare TPL Plastech value to that of its competitors to determine the firm's financial worth. TPL Plastech Limited is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.52 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for TPL Plastech Limited is roughly 1.94 . 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 TPL Plastech's earnings, one of the primary drivers of an investment's value.TPL Return On Asset vs. Return On Equity
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.
TPL Plastech |
| = | 0.16 |
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.
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.
TPL Plastech |
| = | 0.0834 |
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.
TPL Return On Asset Comparison
TPL Plastech is currently under evaluation in return on asset category among its peers.
TPL Plastech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TPL Plastech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TPL Plastech will eventually generate negative long term returns. The profitability progress is the general direction of TPL Plastech's change in net profit over the period of time. It can combine multiple indicators of TPL Plastech, 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 | 1.2 M | 1.3 M | |
| Operating Income | 411.9 M | 432.5 M | |
| Income Before Tax | 254.8 M | 130.2 M | |
| Total Other Income Expense Net | -157.1 M | -149.2 M | |
| Net Income | 252.6 M | 130.1 M | |
| Income Tax Expense | 56.3 M | 31.6 M | |
| Net Income From Continuing Ops | 198.5 M | 126.2 M | |
| Net Income Applicable To Common Shares | 184.4 M | 117 M | |
| Interest Income | 57.2 M | 47.6 M | |
| Net Interest Income | -54.4 M | -57.1 M | |
| Change To Netincome | 21.9 M | 20.8 M |
TPL Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TPL Plastech. 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 TPL Plastech 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 TPL Plastech's important profitability drivers and their relationship over time.
Use TPL Plastech 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 TPL Plastech 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 TPL Plastech will appreciate offsetting losses from the drop in the long position's value.TPL Plastech Pair Trading
TPL Plastech Limited Pair Trading Analysis
The ability to find closely correlated positions to TPL Plastech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TPL Plastech 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 TPL Plastech - 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 TPL Plastech Limited to buy it.
The correlation of TPL Plastech 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 TPL Plastech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TPL Plastech Limited 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 TPL Plastech 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 TPL Plastech position
In addition to having TPL Plastech 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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Additional Tools for TPL Stock Analysis
When running TPL Plastech's price analysis, check to measure TPL Plastech'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 TPL Plastech is operating at the current time. Most of TPL Plastech's value examination focuses on studying past and present price action to predict the probability of TPL Plastech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPL Plastech's price. Additionally, you may evaluate how the addition of TPL Plastech to your portfolios can decrease your overall portfolio volatility.