Elite Fixed Asset Turnover from 2010 to 2024
| EEIQ Stock | USD 1.03 0.07 6.36% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter 2.08 | Current Value 2.42 | Quarterly Volatility 0.39413955 |
Check Elite Education financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elite main balance sheet or income statement drivers, such as Interest Expense of 19.1 K, Income Tax Expense of 242.5 K or Tax Provision of 215 K, as well as many exotic indicators such as Price To Sales Ratio of 1.88, Dividend Yield of 0.0 or PTB Ratio of 1.17. Elite financial statements analysis is a perfect complement when working with Elite Education Valuation or Volatility modules.
Elite | Fixed Asset Turnover |
Latest Elite Education's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of Elite Education Group over the last few years. It is Elite Education's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elite Education's overall financial position and show how it may be relating to other accounts over time.
| Fixed Asset Turnover | 10 Years Trend |
|
Fixed Asset Turnover |
| Timeline |
Elite Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 2.23 | |
| Geometric Mean | 2.19 | |
| Coefficient Of Variation | 17.71 | |
| Mean Deviation | 0.23 | |
| Median | 2.24 | |
| Standard Deviation | 0.39 | |
| Sample Variance | 0.16 | |
| Range | 1.6791 | |
| R-Value | (0.14) | |
| Mean Square Error | 0.16 | |
| R-Squared | 0.02 | |
| Significance | 0.61 | |
| Slope | (0.01) | |
| Total Sum of Squares | 2.17 |
Elite Fixed Asset Turnover History
About Elite Education Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Elite Education income statement, its balance sheet, and the statement of cash flows. Elite Education investors use historical funamental indicators, such as Elite Education's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Elite Education investors may use each financial statement separately, they are all related. The changes in Elite Education's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elite Education's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Elite Education Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elite Education. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | 2.08 | 2.42 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elite Education in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elite Education's short interest history, or implied volatility extrapolated from Elite Education options trading.
Pair Trading with Elite Education
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 Elite Education 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 Elite Education will appreciate offsetting losses from the drop in the long position's value.Moving together with Elite Stock
| 0.89 | IH | IhumanInc | PairCorr |
| 0.66 | VSTA | Vasta PlatformLtd Report 23rd of April 2024 | PairCorr |
Moving against Elite Stock
| 0.75 | EDU | New Oriental Education Earnings Call This Week | PairCorr |
| 0.72 | DAO | Youdao Inc | PairCorr |
| 0.51 | YQ | 17 Education Technology | PairCorr |
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.
The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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 the analysis of Elite Education Correlation against competitors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Elite Stock analysis
When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.
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Is Elite Education's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elite Education. If investors know Elite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elite Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.58) | Revenue Per Share 0.49 | Quarterly Revenue Growth 0.007 | Return On Assets (0.21) | Return On Equity (0.53) |
The market value of Elite Education Group is measured differently than its book value, which is the value of Elite that is recorded on the company's balance sheet. Investors also form their own opinion of Elite Education's value that differs from its market value or its book value, called intrinsic value, which is Elite Education's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elite Education's market value can be influenced by many factors that don't directly affect Elite Education's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elite Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elite Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elite Education's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.