Alkane Resources Limited Stock Revenue
ALKEF Stock | USD 0.38 0.01 2.70% |
Alkane Resources Limited fundamentals help investors to digest information that contributes to Alkane Resources' financial success or failures. It also enables traders to predict the movement of Alkane Pink Sheet. The fundamental analysis module provides a way to measure Alkane Resources' 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 Alkane Resources pink sheet.
Alkane |
Alkane Revenue Analysis
Alkane Resources' Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Alkane Resources Revenue | 165.01 M |
Most of Alkane Resources' fundamental indicators, such as Revenue, 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, Alkane Resources Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Competition |
Based on the latest financial disclosure, Alkane Resources Limited reported 165.01 M of revenue. This is 97.9% lower than that of the Basic Materials sector and 89.17% lower than that of the Gold industry. The revenue for all United States stocks is 98.25% higher than that of the company.
Alkane Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alkane Resources' direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Alkane Resources could also be used in its relative valuation, which is a method of valuing Alkane Resources by comparing valuation metrics of similar companies.Alkane Resources is currently under evaluation in revenue category among related companies.
Alkane Fundamentals
Return On Equity | 0.31 | |||
Return On Asset | 0.11 | |||
Profit Margin | 0.43 % | |||
Operating Margin | 0.32 % | |||
Current Valuation | 196.05 M | |||
Shares Outstanding | 598.79 M | |||
Shares Owned By Insiders | 35.14 % | |||
Shares Owned By Institutions | 9.58 % | |||
Price To Earning | 7.04 X | |||
Price To Book | 1.36 X | |||
Price To Sales | 1.48 X | |||
Revenue | 165.01 M | |||
Gross Profit | 62.65 M | |||
EBITDA | 137.32 M | |||
Net Income | 70.25 M | |||
Cash And Equivalents | 77.89 M | |||
Cash Per Share | 0.13 X | |||
Total Debt | 9.12 M | |||
Debt To Equity | 0.06 % | |||
Current Ratio | 3.88 X | |||
Book Value Per Share | 0.45 X | |||
Cash Flow From Operations | 86.48 M | |||
Earnings Per Share | 0.07 X | |||
Number Of Employees | 18 | |||
Beta | 0.91 | |||
Market Capitalization | 269.46 M | |||
Total Asset | 355.69 M | |||
Retained Earnings | (27 M) | |||
Working Capital | 29 M | |||
Current Asset | 39 M | |||
Current Liabilities | 10 M | |||
Z Score | 17.4 | |||
Net Asset | 355.69 M |
About Alkane Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alkane Resources Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alkane Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alkane Resources Limited 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.Alkane Resources Limited operates as a gold production company in Australia. Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Alkane Exploration operates under Gold classification in the United States and is traded on OTC Exchange.
Pair Trading with Alkane Resources
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 Alkane Resources 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 Alkane Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Alkane Pink Sheet
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0.83 | GOLD | Barrick Gold Corp Aggressive Push | PairCorr |
Moving against Alkane Pink Sheet
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0.61 | VZ | Verizon Communications Aggressive Push | PairCorr |
The ability to find closely correlated positions to Alkane Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkane Resources 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 Alkane Resources - 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 Alkane Resources Limited to buy it.
The correlation of Alkane Resources 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 Alkane Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkane Resources 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 Alkane Resources 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.Check out Alkane Resources Piotroski F Score and Alkane Resources Altman Z Score analysis. Note that the Alkane Resources information on this page should be used as a complementary analysis to other Alkane Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane Resources' 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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