Canon Inc Stock Return On Asset
| CAJFF Stock | USD 29.07 0.34 1.18% |
Canon Inc fundamentals help investors to digest information that contributes to Canon's financial success or failures. It also enables traders to predict the movement of Canon Pink Sheet. The fundamental analysis module provides a way to measure Canon'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 Canon pink sheet.
Canon |
Canon Inc Company Return On Asset Analysis
Canon'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 Canon Return On Asset | 0.0449 |
Most of Canon'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, Canon Inc 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.
| Competition |
Based on the latest financial disclosure, Canon Inc has a Return On Asset of 0.0449. This is 101.55% lower than that of the Technology sector and significantly higher than that of the Computer Hardware industry. The return on asset for all United States stocks is 132.07% lower than that of the firm.
Canon Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canon'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 Canon could also be used in its relative valuation, which is a method of valuing Canon by comparing valuation metrics of similar companies.Canon is currently under evaluation in return on asset category among related companies.
Canon Fundamentals
| Return On Equity | 0.0807 | |||
| Return On Asset | 0.0449 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 23.16 B | |||
| Shares Outstanding | 1.02 B | |||
| Shares Owned By Insiders | 1.92 % | |||
| Shares Owned By Institutions | 29.46 % | |||
| Price To Earning | 24.41 X | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 0.01 X | |||
| Revenue | 4.03 T | |||
| Gross Profit | 1.83 T | |||
| EBITDA | 579.98 B | |||
| Net Income | 243.96 B | |||
| Cash And Equivalents | 477.51 B | |||
| Cash Per Share | 466.77 X | |||
| Total Debt | 2.42 B | |||
| Debt To Equity | 0.16 % | |||
| Current Ratio | 1.71 X | |||
| Book Value Per Share | 3,021 X | |||
| Cash Flow From Operations | 262.6 B | |||
| Earnings Per Share | 1.80 X | |||
| Price To Earnings To Growth | 2.73 X | |||
| Number Of Employees | 63 | |||
| Beta | 0.45 | |||
| Market Capitalization | 22.49 B | |||
| Total Asset | 5.1 T | |||
| Retained Earnings | 3.37 T | |||
| Working Capital | 349.98 B | |||
| Current Asset | 1.71 T | |||
| Current Liabilities | 1.36 T | |||
| Z Score | 5.4 | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 4.14 % | |||
| Net Asset | 5.1 T | |||
| Last Dividend Paid | 120.0 |
About Canon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canon Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canon Inc 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 Canon
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 Canon 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 Canon will appreciate offsetting losses from the drop in the long position's value.Moving together with Canon Pink Sheet
| 0.78 | DELL | Dell Technologies Financial Report 6th of June 2024 | PairCorr |
| 0.84 | SMCI | Super Micro Computer Earnings Call This Week | PairCorr |
Moving against Canon Pink Sheet
| 0.41 | CAJ | Canon Inc ADR | PairCorr |
The ability to find closely correlated positions to Canon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canon 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 Canon - 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 Canon Inc to buy it.
The correlation of Canon 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 Canon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canon Inc 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 Canon 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, which includes a position in Canon Inc. 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 Canon Inc information on this page should be used as a complementary analysis to other Canon'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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Canon Pink Sheet analysis
When running Canon's price analysis, check to measure Canon'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 Canon is operating at the current time. Most of Canon's value examination focuses on studying past and present price action to predict the probability of Canon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canon's price. Additionally, you may evaluate how the addition of Canon to your portfolios can decrease your overall portfolio volatility.
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