VOXX International Return On Equity vs. Cash And Equivalents
| VOX Stock | EUR 7.30 0.00 0.00% |
For VOXX International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of VOXX International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well VOXX International utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between VOXX International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of VOXX International over time as well as its relative position and ranking within its peers.
VOXX |
VOXX International Cash And Equivalents vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining VOXX International's current stock value. Our valuation model uses many indicators to compare VOXX International value to that of its competitors to determine the firm's financial worth. VOXX International is rated below average in return on equity category among its peers. It also is rated below average in cash and equivalents category among its peers . 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 VOXX International's earnings, one of the primary drivers of an investment's value.VOXX Cash And Equivalents 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.
VOXX International |
| = | -0.0338 |
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
VOXX International |
| = | 60 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
VOXX Cash And Equivalents Comparison
VOXX International is currently under evaluation in cash and equivalents category among its peers.
VOXX International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in VOXX International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, VOXX International will eventually generate negative long term returns. The profitability progress is the general direction of VOXX International's change in net profit over the period of time. It can combine multiple indicators of VOXX International, 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.
VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive, audio, and consumer accessories worldwide. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida. VOXX INTL operates under Auto Parts classification in Germany and is traded on Frankfurt Stock Exchange. It employs 885 people.
VOXX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on VOXX International. 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 VOXX International 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 VOXX International's important profitability drivers and their relationship over time.
Use VOXX International 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 VOXX International 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 VOXX International will appreciate offsetting losses from the drop in the long position's value.VOXX International Pair Trading
VOXX International Pair Trading Analysis
The ability to find closely correlated positions to VOXX International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VOXX International 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 VOXX International - 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 VOXX International to buy it.
The correlation of VOXX International 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 VOXX International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VOXX International 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 VOXX International 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 VOXX International position
In addition to having VOXX International 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 Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 42 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 Apparel Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in VOXX Stock
When determining whether VOXX International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VOXX International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Voxx International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Voxx International Stock:Check out World Market Map. For more detail on how to invest in VOXX Stock please use our How to Invest in VOXX International guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
To fully project VOXX International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of VOXX International 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 VOXX International's income statement, its balance sheet, and the statement of cash flows.