China Payout Ratio vs Gross Profit Analysis
CAAS Stock | USD 3.65 0.04 1.08% |
China Automotive financial indicator trend analysis is way more than just evaluating China Automotive Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Automotive Systems is a good investment. Please check the relationship between China Automotive Payout Ratio and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Payout Ratio vs Gross Profit
Payout Ratio vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Automotive Systems Payout Ratio account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between China Automotive's Payout Ratio and Gross Profit is -0.77. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Gross Profit in the same time period over historical financial statements of China Automotive Systems, assuming nothing else is changed. The correlation between historical values of China Automotive's Payout Ratio and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of China Automotive Systems are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Payout Ratio i.e., China Automotive's Payout Ratio and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Payout Ratio
Payout Ratio is the proportion of China Automotive Systems earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of China Automotive Systems dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating China Automotive Systems is paying out more in dividends than it makes in net income.Gross Profit
Gross profit is a required income statement account that reflects total revenue of China Automotive Systems minus its cost of goods sold. It is profit before China Automotive operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from China Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Automotive Systems 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 China Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Sales General And Administrative To Revenue is likely to gain to 0.05 in 2024, whereas Selling General Administrative is likely to drop slightly above 18.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 72.1M | 83.4M | 101.8M | 66.4M | Total Revenue | 498.0M | 529.6M | 576.4M | 354.5M |
China Automotive fundamental ratios Correlations
Click cells to compare fundamentals
China Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Automotive fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 660.0M | 707.6M | 716.8M | 714.4M | 766.4M | 476.6M | |
Total Stockholder Equity | 289.2M | 303.2M | 321.0M | 311.7M | 344.5M | 190.3M | |
Net Debt | 47.4M | (52.7M) | (2.0M) | (74.5M) | (12.7M) | (12.1M) | |
Retained Earnings | 221.2M | 215.5M | 226.4M | 247.2M | 284.8M | 299.1M | |
Cash | 76.7M | 97.2M | 131.7M | 121.2M | 155.2M | 163.0M | |
Cash And Short Term Investments | 82.5M | 107.4M | 133.5M | 134.1M | 166.3M | 174.6M | |
Common Stock Shares Outstanding | 31.5M | 31.1M | 30.9M | 30.6M | 30.2M | 30.3M | |
Liabilities And Stockholders Equity | 660.0M | 707.6M | 716.8M | 714.4M | 766.4M | 476.6M | |
Other Stockholder Equity | 60.2M | 59.0M | 58.5M | 56.0M | 64.4M | 42.3M | |
Total Current Assets | 441.2M | 475.7M | 501.4M | 520.7M | 564.1M | 354.0M | |
Other Current Liab | 68.7M | 82.5M | 73.6M | 77.5M | 73.3M | 80.3M | |
Total Current Liabilities | 303.8M | 354.5M | 351.8M | 364.2M | 383.7M | 243.2M | |
Total Liab | 350.6M | 387.6M | 379.3M | 386.9M | 398.0M | 256.5M | |
Accounts Payable | 116.7M | 225.3M | 146.1M | 235.1M | 160.6M | 116.1M | |
Non Current Assets Total | 218.8M | 231.9M | 215.4M | 193.6M | 202.4M | 129.2M | |
Non Currrent Assets Other | 2.9M | 7.6M | 24.8M | 46K | 78.1M | 82.0M | |
Short Long Term Debt Total | 124.1M | 44.5M | 129.7M | 46.7M | 142.5M | 83.0M | |
Other Liab | 34.4M | 31.9M | 27.5M | 22.0M | 25.3M | 26.5M | |
Property Plant And Equipment Net | 149.3M | 148.2M | 131.0M | 115.3M | 111.0M | 83.8M | |
Current Deferred Revenue | 1.7M | 2.4M | 2.4M | 5.7M | 8.6M | 4.7M | |
Other Assets | 26.6M | 39.4M | 29.9M | 15.9M | 18.3M | 19.0M | |
Net Receivables | 233.0M | 234.1M | 210.3M | 224.3M | 269.4M | 211.4M | |
Short Term Investments | 5.8M | 10.1M | 1.8M | 12.9M | 11.1M | 16.7M | |
Non Current Liabilities Total | 46.8M | 33.2M | 27.5M | 22.7M | 14.3M | 14.5M | |
Inventory | 82.9M | 88.3M | 116.5M | 112.2M | 112.4M | 62.1M | |
Other Current Assets | 42.7M | 45.8M | 41.1M | 60.1K | 16.0M | 22.5M | |
Property Plant And Equipment Gross | 149.3M | 148.2M | 344.6M | 115.3M | 338.0M | 354.9M | |
Accumulated Other Comprehensive Income | 7.8M | 28.7M | 36.2M | 8.4M | 3.6M | 3.4M | |
Short Term Debt | 116.7M | 44.4M | 129.7M | 45.9M | 141.2M | 81.2M | |
Intangible Assets | 11.7M | 12.5M | 12.5M | 10.8M | 13.1M | 19.5M | |
Property Plant Equipment | 140.4M | 141.3M | 127.9M | 107.1M | 123.1M | 90.8M | |
Net Tangible Assets | 287.9M | 290.7M | 308.5M | 300.8M | 345.9M | 296.7M | |
Noncontrolling Interest In Consolidated Entity | 6.7M | 19.0M | 20.2M | 16.2M | 14.6M | 13.3M | |
Long Term Debt | 291K | 4.9M | 1.1M | 528K | 1.2M | 2.2M | |
Retained Earnings Total Equity | 209.5M | 211.4M | 221.2M | 215.5M | 247.8M | 186.1M | |
Long Term Debt Total | 306K | 291K | 4.9M | 1.1M | 1.0M | 962.7K |
Pair Trading with China Automotive
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 China Automotive 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 China Automotive will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
0.49 | WKHS | Workhorse Group Financial Report 20th of May 2024 | PairCorr |
0.45 | LI | Li AutoInc Downward Rally | PairCorr |
0.43 | WKSP | Worksport | PairCorr |
0.42 | ECX | ECARX Holdings Class Financial Report 10th of June 2024 | PairCorr |
0.41 | MPAA | Motorcar Parts Financial Report 11th of June 2024 | PairCorr |
The ability to find closely correlated positions to China Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Automotive 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 China Automotive - 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 China Automotive Systems to buy it.
The correlation of China Automotive 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 China Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Automotive Systems 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 China Automotive 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 China Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the China Automotive Systems information on this page should be used as a complementary analysis to other China Automotive'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for China Stock analysis
When running China Automotive's price analysis, check to measure China Automotive'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 China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Stocks Directory Find actively traded stocks across global markets | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |
Is China Automotive'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 China Automotive. If investors know China 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 China Automotive 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 1.582 | Earnings Share 1.25 | Revenue Per Share 19.094 | Quarterly Revenue Growth 0.236 | Return On Assets 0.0331 |
The market value of China Automotive Systems is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Automotive's value that differs from its market value or its book value, called intrinsic value, which is China Automotive'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 China Automotive's market value can be influenced by many factors that don't directly affect China Automotive'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 China Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Automotive'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.