Ase Industrial Holding Stock Current Ratio
ASX Stock | USD 10.18 0.13 1.29% |
ASE Industrial Holding fundamentals help investors to digest information that contributes to ASE Industrial's financial success or failures. It also enables traders to predict the movement of ASE Stock. The fundamental analysis module provides a way to measure ASE Industrial'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 ASE Industrial stock.
Last Reported | Projected for Next Year | ||
Current Ratio | 1.18 | 1.52 |
ASE | Current Ratio |
ASE Industrial Holding Company Current Ratio Analysis
ASE Industrial's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current ASE Industrial Current Ratio | 1.18 X |
Most of ASE Industrial's fundamental indicators, such as Current Ratio, 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, ASE Industrial Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ASE Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for ASE Industrial is extremely important. It helps to project a fair market value of ASE Stock properly, considering its historical fundamentals such as Current Ratio. Since ASE Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASE Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASE Industrial's interrelated accounts and indicators.
Click cells to compare fundamentals
ASE Current Ratio Historical Pattern
Today, most investors in ASE Industrial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ASE Industrial's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ASE Industrial current ratio as a starting point in their analysis.
ASE Industrial Current Ratio |
Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition |
In accordance with the recently published financial statements, ASE Industrial Holding has a Current Ratio of 1.18 times. This is 58.3% lower than that of the Semiconductors & Semiconductor Equipment sector and 70.05% lower than that of the Information Technology industry. The current ratio for all United States stocks is 45.37% higher than that of the company.
ASE Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ASE Industrial's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ASE Industrial could also be used in its relative valuation, which is a method of valuing ASE Industrial by comparing valuation metrics of similar companies.ASE Industrial is currently under evaluation in current ratio category among related companies.
ASE Industrial Current Valuation Drivers
We derive many important indicators used in calculating different scores of ASE Industrial from analyzing ASE Industrial's financial statements. These drivers represent accounts that assess ASE Industrial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ASE Industrial's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 707.1B | 699.7B | 930.0B | 823.1B | 1.2T | 1.3T | |
Enterprise Value | 861.9B | 851.4B | 1.1T | 959.6B | 1.4T | 1.4T |
ASE Fundamentals
Return On Equity | 0.11 | ||||
Return On Asset | 0.0367 | ||||
Profit Margin | 0.05 % | ||||
Operating Margin | 0.07 % | ||||
Current Valuation | 171.47 B | ||||
Shares Outstanding | 2.16 B | ||||
Shares Owned By Institutions | 6.94 % | ||||
Number Of Shares Shorted | 11.32 M | ||||
Price To Earning | 12.08 X | ||||
Price To Book | 2.56 X | ||||
Price To Sales | 0.04 X | ||||
Revenue | 581.91 B | ||||
Gross Profit | 134.93 B | ||||
EBITDA | 98.43 B | ||||
Net Income | 31.73 B | ||||
Cash And Equivalents | 10.4 B | ||||
Cash Per Share | 36.85 X | ||||
Total Debt | 179.22 B | ||||
Debt To Equity | 0.74 % | ||||
Current Ratio | 1.18 X | ||||
Book Value Per Share | 69.06 X | ||||
Cash Flow From Operations | 105.97 B | ||||
Short Ratio | 1.41 X | ||||
Earnings Per Share | 0.50 X | ||||
Price To Earnings To Growth | 1.38 X | ||||
Target Price | 10.61 | ||||
Number Of Employees | 92.91 K | ||||
Beta | 1.09 | ||||
Market Capitalization | 21.7 B | ||||
Total Asset | 666.58 B | ||||
Retained Earnings | 95.81 B | ||||
Working Capital | 78.11 B | ||||
Current Asset | 156.73 B | ||||
Current Liabilities | 122.7 B | ||||
Annual Yield | 0.06 % | ||||
Five Year Return | 3.37 % | ||||
Net Asset | 666.58 B |
About ASE Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ASE Industrial Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASE Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASE Industrial Holding 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 ASE Industrial
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 ASE Industrial 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 ASE Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with ASE Stock
0.67 | HPQ | HP Inc Sell-off Trend | PairCorr |
0.69 | IBM | International Business Earnings Call Tomorrow | PairCorr |
Moving against ASE Stock
0.75 | BA | Boeing Earnings Call Tomorrow | PairCorr |
0.58 | MCD | McDonalds Earnings Call This Week | PairCorr |
0.56 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
The ability to find closely correlated positions to ASE Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASE Industrial 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 ASE Industrial - 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 ASE Industrial Holding to buy it.
The correlation of ASE Industrial 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 ASE Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASE Industrial Holding 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 ASE Industrial 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 ASE Industrial Piotroski F Score and ASE Industrial Altman Z Score analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for ASE Stock analysis
When running ASE Industrial's price analysis, check to measure ASE Industrial'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 ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Global Correlations Find global opportunities by holding instruments from different markets | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Fundamental Analysis View fundamental data based on most recent published financial statements |
Is ASE Industrial'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 ASE Industrial. If investors know ASE 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 ASE Industrial 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 (0.41) | Earnings Share 0.5 | Revenue Per Share 270.918 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0367 |
The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial'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 ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial'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 ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial'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.