Woodside Petroleum Price To Book vs. Return On Asset
| WOPEF Stock | USD 12.54 1.90 13.16% |
For Woodside Petroleum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Woodside Petroleum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Woodside Petroleum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Woodside Petroleum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Woodside Petroleum over time as well as its relative position and ranking within its peers.
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Woodside Petroleum Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Woodside Petroleum's current stock value. Our valuation model uses many indicators to compare Woodside Petroleum value to that of its competitors to determine the firm's financial worth. Woodside Petroleum is rated first in price to book category among its peers. It is rated first in return on asset category among its peers reporting about 0.06 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Woodside Petroleum is roughly 17.30 . 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 Woodside Petroleum's earnings, one of the primary drivers of an investment's value.Woodside Return On Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Woodside Petroleum |
| = | 1.42 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Woodside Petroleum |
| = | 0.0823 |
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.
Woodside Return On Asset Comparison
Woodside Petroleum is currently under evaluation in return on asset category among its peers.
Woodside Petroleum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Woodside Petroleum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Woodside Petroleum will eventually generate negative long term returns. The profitability progress is the general direction of Woodside Petroleum's change in net profit over the period of time. It can combine multiple indicators of Woodside Petroleum, 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.
Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. Woodside Energy Group Ltd was founded in 1954 and is headquartered in Perth, Australia. Woodside Pete operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 3684 people.
Woodside Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Woodside Petroleum. 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 Woodside Petroleum 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 Woodside Petroleum's important profitability drivers and their relationship over time.
Use Woodside Petroleum 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 Woodside Petroleum 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 Woodside Petroleum will appreciate offsetting losses from the drop in the long position's value.Woodside Petroleum Pair Trading
Woodside Petroleum Pair Trading Analysis
The ability to find closely correlated positions to Woodside Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Woodside Petroleum 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 Woodside Petroleum - 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 Woodside Petroleum to buy it.
The correlation of Woodside Petroleum 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 Woodside Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Woodside Petroleum 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 Woodside Petroleum 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 Woodside Petroleum position
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Other Information on Investing in Woodside Pink Sheet
To fully project Woodside Petroleum's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Woodside Petroleum 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 Woodside Petroleum's income statement, its balance sheet, and the statement of cash flows.