Independence Pretax Profit Margin from 2010 to 2024

ICD Stock  USD 1.91  0.01  0.53%   
Independence Contract's Pretax Profit Margin is increasing over the years with stable fluctuation. Pretax Profit Margin is expected to dwindle to -0.2. During the period from 2010 to 2024 Independence Contract Pretax Profit Margin annual values regression line had coefficient of variation of (71.62) and r-squared of  0.04. View All Fundamentals
 
Pretax Profit Margin  
First Reported
2010-12-31
Previous Quarter
(0.19)
Current Value
(0.20)
Quarterly Volatility
0.29526578
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Independence Contract financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independence main balance sheet or income statement drivers, such as Depreciation And Amortization of 31.8 M, Interest Expense of 37.8 M or Selling General Administrative of 17 M, as well as many exotic indicators such as Price To Sales Ratio of 0.16, Dividend Yield of 0.31 or PTB Ratio of 0.18. Independence financial statements analysis is a perfect complement when working with Independence Contract Valuation or Volatility modules.
  
This module can also supplement Independence Contract's financial leverage analysis and stock options assessment as well as various Independence Contract Technical models . Check out the analysis of Independence Contract Correlation against competitors.

Latest Independence Contract's Pretax Profit Margin Growth Pattern

Below is the plot of the Pretax Profit Margin of Independence Contract Drilling over the last few years. It is Independence Contract's Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Independence Contract's overall financial position and show how it may be relating to other accounts over time.
Pretax Profit Margin10 Years Trend
Pretty Stable
   Pretax Profit Margin   
       Timeline  

Independence Pretax Profit Margin Regression Statistics

Arithmetic Mean(0.41)
Coefficient Of Variation(71.62)
Mean Deviation0.23
Median(0.31)
Standard Deviation0.30
Sample Variance0.09
Range1.0696
R-Value0.20
Mean Square Error0.09
R-Squared0.04
Significance0.48
Slope0.01
Total Sum of Squares1.22

Independence Pretax Profit Margin History

2024 -0.2
2023 -0.19
2022 -0.38
2021 -0.55
2020 -1.16
2019 -0.3
2018 -0.14

About Independence Contract Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independence Contract income statement, its balance sheet, and the statement of cash flows. Independence Contract investors use historical funamental indicators, such as Independence Contract's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although Independence Contract investors may use each financial statement separately, they are all related. The changes in Independence Contract's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independence Contract'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 Independence Contract Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independence Contract. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.19)(0.20)
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 Independence Contract 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, Independence Contract's short interest history, or implied volatility extrapolated from Independence Contract options trading.

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When determining whether Independence Contract is a strong investment it is important to analyze Independence Contract's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Independence Contract's future performance. For an informed investment choice regarding Independence Stock, refer to the following important reports:
Check out the analysis of Independence Contract Correlation against competitors.
Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Independence Stock analysis

When running Independence Contract's price analysis, check to measure Independence Contract'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 Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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Is Independence Contract'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 Independence Contract. If investors know Independence 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 Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.69)
Revenue Per Share
14.995
Quarterly Revenue Growth
(0.24)
Return On Assets
0.017
Return On Equity
(0.19)
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract'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 Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract'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 Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract'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.