Kandi Technologies Profitability Analysis

KNDI Stock  USD 2.07  0.01  0.48%   
Based on Kandi Technologies' profitability indicators, Kandi Technologies' profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Kandi Technologies' ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
2004-06-30
Previous Quarter
868.9 K
Current Value
-4.6 M
Quarterly Volatility
7.4 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
As of now, Kandi Technologies' Price To Sales Ratio is decreasing as compared to previous years. The Kandi Technologies' current Price Sales Ratio is estimated to increase to 1.97, while Operating Cash Flow Sales Ratio is forecasted to increase to (0.53). As of now, Kandi Technologies' Net Interest Income is increasing as compared to previous years. The Kandi Technologies' current Change To Netincome is estimated to increase to about 62.1 K, while Accumulated Other Comprehensive Income is forecasted to increase to (35.1 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.220.3347
Way Down
Pretty Stable
For Kandi Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kandi Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kandi Technologies Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kandi Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kandi Technologies Group over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Is Kandi 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 Kandi Technologies. If investors know Kandi 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 Kandi 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
1.137
Revenue Per Share
1.569
Quarterly Revenue Growth
(0.26)
Return On Assets
(0.01)
Return On Equity
0.0042
The market value of Kandi Technologies is measured differently than its book value, which is the value of Kandi that is recorded on the company's balance sheet. Investors also form their own opinion of Kandi Technologies' value that differs from its market value or its book value, called intrinsic value, which is Kandi 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 Kandi Technologies' market value can be influenced by many factors that don't directly affect Kandi 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 Kandi Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kandi Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kandi 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.

Kandi Technologies Z Score vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Kandi Technologies's current stock value. Our valuation model uses many indicators to compare Kandi Technologies value to that of its competitors to determine the firm's financial worth.
Kandi Technologies Group is currently regarded as number one stock in current ratio category among related companies. It is currently regarded as number one stock in z score category among related companies totaling about  0.70  of Z Score per Current Ratio. The ratio of Current Ratio to Z Score for Kandi Technologies Group is roughly  1.42 . As of now, Kandi Technologies' Current Ratio is increasing as compared to previous years.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Kandi Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Kandi Technologies' 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 Kandi Technologies' earnings, one of the primary drivers of an investment's value.

Kandi Z Score vs. Current Ratio

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.

Kandi Technologies

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
4.95 X
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).
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Kandi Technologies

Z Score

 = 

Sum Of

5 Factors

 = 
3.48
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Kandi Z Score Comparison

Kandi Technologies is currently under evaluation in z score category among related companies.

Kandi Technologies Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Kandi Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kandi Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Kandi Technologies' change in net profit over the period of time. It can combine multiple indicators of Kandi Technologies, 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.
Last ReportedProjected for 2024
Accumulated Other Comprehensive Income-37 M-35.1 M
Operating Income-11.6 M-11 M
Income Before Tax3.5 M3.6 M
Total Other Income Expense Net15.1 M15.8 M
Net Income7.1 K7.5 K
Income Tax Expense1.8 MM
Net Loss-10.9 M-10.4 M
Net Loss-4.2 M-4 M
Non Operating Income Net Other17.3 M8.8 M
Interest Income7.7 M4.4 M
Net Interest Income6.7 MM
Change To Netincome59.1 K62.1 K
Net Income Per E B T 0  0 

Kandi Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Kandi Technologies. 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 Kandi Technologies 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 Kandi Technologies' important profitability drivers and their relationship over time.

Kandi Technologies Profitability Trends

Kandi Technologies profitability trend refers to the progression of profit or loss within a business. An upward trend means that Kandi Technologies' profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is Kandi Technologies' gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.

Kandi Technologies Profitability Drivers Correlations

One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between Kandi Technologies different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards Kandi Technologies in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down Kandi Technologies' future profitability.

Use Kandi Technologies 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 Kandi Technologies 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 Kandi Technologies will appreciate offsetting losses from the drop in the long position's value.

Kandi Technologies Pair Trading

Kandi Technologies Group Pair Trading Analysis

The ability to find closely correlated positions to Kandi Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kandi Technologies 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 Kandi Technologies - 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 Kandi Technologies Group to buy it.
The correlation of Kandi Technologies 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 Kandi Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kandi Technologies 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 Kandi Technologies 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Kandi Technologies position

In addition to having Kandi Technologies 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.

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Data Storage
Data Storage Theme
Companies making data storages or providing data storage services. The Data Storage theme has 44 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 Data Storage Theme or any other thematic opportunities.
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When determining whether Kandi Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kandi Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kandi Technologies Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kandi Technologies Group Stock:
Check out Correlation Analysis.
Note that the Kandi Technologies information on this page should be used as a complementary analysis to other Kandi Technologies' 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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To fully project Kandi Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Kandi Technologies at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Kandi Technologies' income statement, its balance sheet, and the statement of cash flows.
Potential Kandi Technologies investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Kandi Technologies investors may work on each financial statement separately, they are all related. The changes in Kandi Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Kandi Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.