Tex Ray Industrial Co Stock Current Ratio
| 1467 Stock | TWD 11.60 0.25 2.20% |
Tex Ray Industrial Co fundamentals help investors to digest information that contributes to Tex Ray's financial success or failures. It also enables traders to predict the movement of Tex Stock. The fundamental analysis module provides a way to measure Tex Ray's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tex Ray stock.
Tex |
Tex Ray Industrial Co Company Current Ratio Analysis
Tex Ray's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Tex Ray Current Ratio | 1.41 X |
Most of Tex Ray's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tex Ray Industrial Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Tex Ray Industrial Co has a Current Ratio of 1.41 times. This is 37.89% lower than that of the Textiles, Apparel & Luxury Goods sector and 39.74% lower than that of the Consumer Discretionary industry. The current ratio for all Taiwan stocks is 34.72% higher than that of the company.
Tex Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tex Ray's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tex Ray could also be used in its relative valuation, which is a method of valuing Tex Ray by comparing valuation metrics of similar companies.Tex Ray is currently under evaluation in current ratio category among its peers.
Tex Fundamentals
| Return On Equity | 0.0185 | |||
| Return On Asset | 0.0095 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 4.84 B | |||
| Shares Outstanding | 233.62 M | |||
| Shares Owned By Insiders | 54.93 % | |||
| Shares Owned By Institutions | 0.90 % | |||
| Price To Earning | 38.37 X | |||
| Price To Book | 0.91 X | |||
| Price To Sales | 0.41 X | |||
| Revenue | 6.64 B | |||
| Gross Profit | 1.33 B | |||
| EBITDA | 392.59 M | |||
| Net Income | (30.88 M) | |||
| Cash And Equivalents | 1.03 B | |||
| Cash Per Share | 4.42 X | |||
| Total Debt | 1.69 B | |||
| Debt To Equity | 121.20 % | |||
| Current Ratio | 1.41 X | |||
| Book Value Per Share | 13.40 X | |||
| Cash Flow From Operations | (329.95 M) | |||
| Earnings Per Share | 0.30 X | |||
| Number Of Employees | 27 | |||
| Beta | 0.92 | |||
| Market Capitalization | 2.72 B | |||
| Total Asset | 8.62 B | |||
| Retained Earnings | 373 M | |||
| Working Capital | 1.18 B | |||
| Current Asset | 4.05 B | |||
| Current Liabilities | 2.87 B | |||
| Z Score | 0.6 | |||
| Annual Yield | 0.06 % | |||
| Net Asset | 8.62 B |
About Tex Ray Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tex Ray Industrial Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tex Ray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tex Ray Industrial Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| SGC | Superior Uniform Group | |
| VLN | Valens | |
| GNFT | Genfit |
Additional Tools for Tex Stock Analysis
When running Tex Ray's price analysis, check to measure Tex Ray'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 Tex Ray is operating at the current time. Most of Tex Ray's value examination focuses on studying past and present price action to predict the probability of Tex Ray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tex Ray's price. Additionally, you may evaluate how the addition of Tex Ray to your portfolios can decrease your overall portfolio volatility.