Baosheng Gross Profit Margin vs Asset Turnover Analysis
BAOS Stock | USD 3.46 0.05 1.47% |
Baosheng Media financial indicator trend analysis is way more than just evaluating Baosheng Media Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baosheng Media Group is a good investment. Please check the relationship between Baosheng Media Gross Profit Margin and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baosheng Media Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Gross Profit Margin vs Asset Turnover
Gross Profit Margin vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baosheng Media Group Gross Profit Margin account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Baosheng Media's Gross Profit Margin and Asset Turnover is 0.74. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Baosheng Media Group, assuming nothing else is changed. The correlation between historical values of Baosheng Media's Gross Profit Margin and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Baosheng Media Group are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit Margin i.e., Baosheng Media's Gross Profit Margin and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit Margin
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Baosheng Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baosheng Media Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baosheng Media Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Baosheng Media's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 2.10 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 57.1K | 329.1K | 378.5K | 397.4K | Depreciation And Amortization | 809.7K | 901.4K | 392.6K | 770.8K |
Baosheng Media fundamental ratios Correlations
Click cells to compare fundamentals
Baosheng Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baosheng Media fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 84.8M | 93.3M | 94.1M | 58.0M | 48.8M | 60.9M | |
Other Current Liab | 1.7M | 5.2M | 4.3M | 1.0M | 989.9K | 940.4K | |
Total Current Liabilities | 49.4M | 51.7M | 19.5M | 12.6M | 6.5M | 6.1M | |
Total Stockholder Equity | 32.2M | 41.7M | 74.1M | 45.4M | 42.4M | 46.8M | |
Property Plant And Equipment Net | 1.5M | 1.3M | 2.6M | 2.4M | 2.1M | 1.8M | |
Current Deferred Revenue | 7.2M | 9.2M | 2.5M | 1.3M | 931.3K | 884.7K | |
Net Debt | (3.4M) | (4.7M) | (3.7M) | (5.2M) | (1.1M) | (1.1M) | |
Retained Earnings | 29.0M | 35.7M | 29.0M | 5.3M | 3.4M | 3.2M | |
Accounts Payable | 35.8M | 35.4M | 12.2M | 8.9M | 2.3M | 2.2M | |
Cash | 8.1M | 6.6M | 4.8M | 6.7M | 3.3M | 5.6M | |
Non Current Assets Total | 2.4M | 1.3M | 7.9M | 7.9M | 9.3M | 5.4M | |
Non Currrent Assets Other | (2.3M) | (1.3M) | 4.5M | (5.2M) | (4.7M) | (4.4M) | |
Cash And Short Term Investments | 8.1M | 6.6M | 4.8M | 9.8M | 5.9M | 6.7M | |
Net Receivables | 57.1M | 68.3M | 62.3M | 34.8M | 28.7M | 41.8M | |
Common Stock Shares Outstanding | 1.4M | 1.1M | 1.5M | 1.5M | 1.5M | 1.5M | |
Liabilities And Stockholders Equity | 84.8M | 93.3M | 94.1M | 58.0M | 48.8M | 60.9M | |
Inventory | 17.1M | 17.0M | 18.5M | 5.5M | 4.7M | 4.5M | |
Other Current Assets | 59.9K | 190.6K | 620.0K | 60.1K | 235.5K | 234.0K | |
Total Liab | 52.6M | 51.7M | 20.0M | 12.6M | 6.5M | 6.1M | |
Net Invested Capital | 36.5M | 43.2M | 74.1M | 46.9M | 44.6M | 48.5M | |
Property Plant And Equipment Gross | 1.5M | 1.3M | 2.9M | 2.8M | 2.9M | 2.1M | |
Total Current Assets | 82.4M | 92.1M | 86.2M | 50.1M | 39.5M | 56.9M | |
Accumulated Other Comprehensive Income | (656.9K) | 2.1M | 3.5M | (1.4M) | (2.6M) | (2.5M) | |
Net Working Capital | 33.0M | 40.4M | 66.7M | 37.5M | 33.1M | 42.7M | |
Short Term Debt | 4.7M | 1.9M | 515.6K | 1.4M | 2.3M | 1.5M | |
Intangible Assets | 778.4K | 5.5K | 3.7M | 3.3M | 401.5K | 381.5K |
Pair Trading with Baosheng Media
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 Baosheng Media 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 Baosheng Media will appreciate offsetting losses from the drop in the long position's value.Moving against Baosheng Stock
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The ability to find closely correlated positions to Baosheng Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baosheng Media 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 Baosheng Media - 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 Baosheng Media Group to buy it.
The correlation of Baosheng Media 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 Baosheng Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baosheng Media 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 Baosheng Media 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 Baosheng Media Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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When running Baosheng Media's price analysis, check to measure Baosheng Media'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 Baosheng Media is operating at the current time. Most of Baosheng Media's value examination focuses on studying past and present price action to predict the probability of Baosheng Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baosheng Media's price. Additionally, you may evaluate how the addition of Baosheng Media to your portfolios can decrease your overall portfolio volatility.
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Is Baosheng Media'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 Baosheng Media. If investors know Baosheng 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 Baosheng Media listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.82) | Earnings Share (1.20) | Revenue Per Share 0.601 | Quarterly Revenue Growth 2.434 | Return On Assets (0.03) |
The market value of Baosheng Media Group is measured differently than its book value, which is the value of Baosheng that is recorded on the company's balance sheet. Investors also form their own opinion of Baosheng Media's value that differs from its market value or its book value, called intrinsic value, which is Baosheng Media'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 Baosheng Media's market value can be influenced by many factors that don't directly affect Baosheng Media'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 Baosheng Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baosheng Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baosheng Media'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.