Kingold Jewelry EBITDA vs. Current Asset
| KGJIDelisted Stock | USD 0.0002 0.00 0.00% |
For Kingold Jewelry profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kingold Jewelry to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kingold Jewelry utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kingold Jewelry's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kingold Jewelry over time as well as its relative position and ranking within its peers.
Kingold |
Kingold Jewelry Current Asset vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Kingold Jewelry's current stock value. Our valuation model uses many indicators to compare Kingold Jewelry value to that of its competitors to determine the firm's financial worth. Kingold Jewelry is rated third overall in ebitda category among related companies. It is rated second overall in current asset category among related companies fabricating about 1.36 of Current Asset per EBITDA. Comparative valuation analysis is a catch-all model that can be used if you cannot value Kingold Jewelry by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Kingold Jewelry's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Kingold Jewelry's earnings, one of the primary drivers of an investment's value.Kingold Current Asset vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Kingold Jewelry |
| = | 253.88 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Kingold Jewelry |
| = | 346.25 M |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Kingold Current Asset Comparison
Kingold Jewelry is currently under evaluation in current asset category among related companies.
Kingold Jewelry Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Kingold Jewelry, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kingold Jewelry will eventually generate negative long term returns. The profitability progress is the general direction of Kingold Jewelry's change in net profit over the period of time. It can combine multiple indicators of Kingold Jewelry, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the Peoples Republic of China. Kingold Jewelry, Inc. was founded in 2002 and is based in Wuhan, the Peoples Republic of China. Kingold Jewelry operates under Gold classification in the United States and is traded on NASDAQ Exchange. It employs 630 people.
Kingold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Kingold Jewelry. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Kingold Jewelry position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Kingold Jewelry's important profitability drivers and their relationship over time.
Use Kingold Jewelry in pair-trading
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 Kingold Jewelry 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 Kingold Jewelry will appreciate offsetting losses from the drop in the long position's value.Kingold Jewelry Pair Trading
Kingold Jewelry Pair Trading Analysis
The ability to find closely correlated positions to Kingold Jewelry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingold Jewelry 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 Kingold Jewelry - 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 Kingold Jewelry to buy it.
The correlation of Kingold Jewelry 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 Kingold Jewelry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingold Jewelry 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 Kingold Jewelry 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.Use Investing Themes to Complement your Kingold Jewelry position
In addition to having Kingold Jewelry in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Music and Video Thematic Idea Now
Music and Video
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 35 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Music and Video Theme or any other thematic opportunities.
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Check out Correlation Analysis 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 inflation. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Consideration for investing in Kingold Stock
If you are still planning to invest in Kingold Jewelry 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 Kingold Jewelry's history and understand the potential risks before investing.
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