Himax Operating Profit Margin vs Price To Sales Ratio Analysis
HIMX Stock | USD 5.04 0.08 1.61% |
Himax Technologies financial indicator trend analysis is much more than just examining Himax Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himax Technologies is a good investment. Please check the relationship between Himax Technologies Operating Profit Margin and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.
Operating Profit Margin vs Price To Sales Ratio
Operating Profit Margin vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himax Technologies Operating Profit Margin account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Himax Technologies' Operating Profit Margin and Price To Sales Ratio is -0.16. Overlapping area represents the amount of variation of Operating Profit Margin that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Himax Technologies, assuming nothing else is changed. The correlation between historical values of Himax Technologies' Operating Profit Margin and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Profit Margin of Himax Technologies are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Operating Profit Margin i.e., Himax Technologies' Operating Profit Margin and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Profit Margin
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Himax Technologies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Himax Technologies sales, a figure that is much harder to manipulate than other Himax Technologies multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Most indicators from Himax Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himax Technologies 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.Selling General Administrative is likely to drop to about 20.2 M in 2024. Tax Provision is likely to drop to about 82.7 K in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 748.6M | 487.1M | 248.5M | 207.6M | Total Revenue | 1.5B | 1.2B | 947.5M | 800.0M |
Himax Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Himax Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Himax Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 818.5M | 909.8M | 1.6B | 1.7B | 1.6B | 1.7B | |
Other Current Liab | 40.1M | 62.1M | 157.7M | 147.5M | 120.1M | 126.1M | |
Total Current Liabilities | 380.9M | 352.2M | 601.2M | 694.0M | 708.7M | 744.2M | |
Total Stockholder Equity | 433.0M | 480.2M | 869.7M | 892.6M | 856.7M | 476.5M | |
Net Debt | 120.3M | (22.4M) | (132.1M) | 194.2M | (139.9M) | (132.9M) | |
Accounts Payable | 114.3M | 173.5M | 248.4M | 122.0M | 107.3M | 131.1M | |
Cash | 101.1M | 184.9M | 336.0M | 221.6M | 644.7M | 676.9M | |
Non Current Assets Total | 213.8M | 215.4M | 410.4M | 365.0M | 442.8M | 464.9M | |
Non Currrent Assets Other | 5.6M | 12.9M | 217.8M | 175.6M | 242.7M | 254.9M | |
Cash And Short Term Investments | 112.1M | 201.4M | 364.4M | 229.9M | 659.3M | 692.3M | |
Net Receivables | 166.2M | 244.9M | 411.5M | 262.4M | 237.3M | 217.9M | |
Common Stock Shares Outstanding | 172.6M | 173.4M | 174.9M | 174.8M | 174.8M | 142.2M | |
Liabilities And Stockholders Equity | 818.5M | 909.8M | 1.6B | 1.7B | 1.6B | 1.7B | |
Non Current Liabilities Total | 6.3M | 72.4M | 130.0M | 113.9M | 70.9M | 74.4M | |
Inventory | 143.8M | 108.7M | 198.6M | 370.9M | 217.3M | 146.2M | |
Other Current Assets | 18.6M | 35.4M | 64.3M | 104.3M | 86.5M | 83.6M | |
Other Stockholder Equity | 96.4M | 100.8M | 103.1M | 106.7M | 109.5M | 88.8M | |
Total Liab | 387.2M | 424.6M | 731.2M | 807.9M | 779.6M | 818.6M | |
Total Current Assets | 604.7M | 694.4M | 1.2B | 1.3B | 1.2B | 654.9M | |
Short Long Term Debt Total | 221.3M | 162.5M | 203.9M | 415.8M | 504.8M | 530.1M | |
Property Plant And Equipment Net | 138.9M | 132.1M | 133.2M | 126.1M | 130.1M | 80.5M | |
Current Deferred Revenue | 5.1M | 6.6M | 37.7M | 49.2M | 17.7M | 14.2M | |
Retained Earnings | 230.5M | 272.9M | 660.3M | 679.1M | 640.4M | 672.4M | |
Other Assets | 20.6M | 29.5M | 225.0M | 187.4M | 1.0 | 0.95 | |
Short Term Investments | 11.0M | 16.5M | 28.4M | 8.3M | 14.6M | 11.1M | |
Property Plant And Equipment Gross | 138.9M | 132.1M | 303.9M | 312.2M | 330.6M | 347.1M | |
Accumulated Other Comprehensive Income | (952K) | (548K) | (666K) | (218K) | (180.0K) | (189.0K) | |
Short Term Debt | 221.3M | 110M | 157.4M | 375.3M | 463.6M | 486.8M | |
Intangible Assets | 8.8M | 7.9M | 6.6M | 1.1M | 816K | 775.2K | |
Property Plant Equipment | 138.4M | 131.2M | 133.2M | 126.1M | 145.1M | 73.1M | |
Other Liab | 3.6M | 12.5M | 83.5M | 73.4M | 84.5M | 88.7M | |
Net Tangible Assets | 396.1M | 444.2M | 835.0M | 863.3M | 992.8M | 557.7M | |
Long Term Investments | 18.0M | 18.7M | 17.4M | 22.2M | 26.8M | 19.4M | |
Short Long Term Debt | 221.3M | 110M | 157.4M | 375.3M | 459M | 482.0M |
Himax Technologies Investors Sentiment
The influence of Himax Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Himax. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Himax Technologies' public news can be used to forecast risks associated with an investment in Himax. The trend in average sentiment can be used to explain how an investor holding Himax can time the market purely based on public headlines and social activities around Himax Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Himax Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Himax Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Himax Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Himax Technologies.
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 Himax Technologies 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, Himax Technologies' short interest history, or implied volatility extrapolated from Himax Technologies options trading.
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Is Himax Technologies' 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 Himax Technologies. If investors know Himax 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 Himax Technologies 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 (0.49) | Earnings Share 0.28 | Revenue Per Share 5.418 | Quarterly Revenue Growth (0.13) | Return On Assets 0.0162 |
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' 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 Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' 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 Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Himax Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' 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.