Mckesson Europe Ag Stock Return On Asset
| CAKFYDelisted Stock | USD 4.10 0.00 0.00% |
McKesson Europe AG fundamentals help investors to digest information that contributes to McKesson Europe's financial success or failures. It also enables traders to predict the movement of McKesson Pink Sheet. The fundamental analysis module provides a way to measure McKesson Europe'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 McKesson Europe pink sheet.
McKesson |
McKesson Europe AG Company Return On Asset Analysis
McKesson Europe's 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.
Current McKesson Europe Return On Asset | 0.0071 |
Most of McKesson Europe's fundamental indicators, such as Return On Asset, 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, McKesson Europe AG is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the latest financial disclosure, McKesson Europe AG has a Return On Asset of 0.0071. This is 100.08% lower than that of the Healthcare sector and 99.75% lower than that of the Medical Distribution industry. The return on asset for all United States stocks is 105.07% lower than that of the firm.
McKesson Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses McKesson Europe's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of McKesson Europe could also be used in its relative valuation, which is a method of valuing McKesson Europe by comparing valuation metrics of similar companies.McKesson Europe is currently under evaluation in return on asset category among related companies.
McKesson Fundamentals
| Return On Equity | -0.0223 | |||
| Return On Asset | 0.0071 | |||
| Profit Margin | (0.09) % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 4.61 B | |||
| Shares Outstanding | 1.02 B | |||
| Price To Earning | 2.80 X | |||
| Price To Book | 1.59 X | |||
| Price To Sales | 0.47 X | |||
| Revenue | 9.26 B | |||
| Gross Profit | 792.3 M | |||
| EBITDA | (682.7 M) | |||
| Net Income | (872.3 M) | |||
| Cash And Equivalents | 476.3 M | |||
| Cash Per Share | 0.47 X | |||
| Total Debt | 1.31 B | |||
| Debt To Equity | 0.69 % | |||
| Current Ratio | 1.82 X | |||
| Book Value Per Share | 2.45 X | |||
| Cash Flow From Operations | 900 K | |||
| Earnings Per Share | (0.01) X | |||
| Target Price | 4.5 | |||
| Number Of Employees | 26.33 K | |||
| Beta | 0.16 | |||
| Market Capitalization | 4.43 B | |||
| Total Asset | 5.1 B | |||
| Retained Earnings | 1.05 B | |||
| Working Capital | 1.09 B | |||
| Current Asset | 5.04 B | |||
| Current Liabilities | 3.95 B | |||
| Z Score | 2.8 | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 5.1 B |
About McKesson Europe Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze McKesson Europe AG's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of McKesson Europe using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of McKesson Europe AG 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.
Pair Trading with McKesson Europe
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 McKesson Europe 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 McKesson Europe will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to McKesson Europe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McKesson Europe 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 McKesson Europe - 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 McKesson Europe AG to buy it.
The correlation of McKesson Europe 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 McKesson Europe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McKesson Europe AG 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 McKesson Europe 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the McKesson Europe AG information on this page should be used as a complementary analysis to other McKesson Europe's 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in McKesson Pink Sheet
If you are still planning to invest in McKesson Europe AG check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the McKesson Europe's history and understand the potential risks before investing.
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