Nokian Financial Statements From 2010 to 2024
NKRKY Stock | USD 4.72 0.01 0.21% |
Check Nokian Tyres financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nokian main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Nokian financial statements analysis is a perfect complement when working with Nokian Tyres Valuation or Volatility modules.
Nokian |
Nokian Return On Asset Analysis
Nokian Tyres' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Nokian Tyres Return On Asset | 0.0504 |
Most of Nokian Tyres' fundamental indicators, such as Return On Asset, 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, Nokian Tyres Plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition |
Based on the latest financial disclosure, Nokian Tyres Plc has a Return On Asset of 0.0504. This is 95.38% lower than that of the Consumer Cyclical sector and 93.54% lower than that of the Auto Parts industry. The return on asset for all United States stocks is 136.0% lower than that of the firm.
Nokian Tyres Plc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nokian Tyres's current stock value. Our valuation model uses many indicators to compare Nokian Tyres value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nokian Tyres competition to find correlations between indicators driving Nokian Tyres's intrinsic value. More Info.Nokian Tyres Plc is considered to be number one stock in price to earning category among related companies. It is considered to be number one stock in shares outstanding category among related companies creating about 19,268,502 of Shares Outstanding per Price To Earning. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nokian Tyres by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nokian Tyres' Pink Sheet . 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 Nokian Tyres' earnings, one of the primary drivers of an investment's value.About Nokian Tyres Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Nokian Tyres income statement, its balance sheet, and the statement of cash flows. Nokian Tyres investors use historical funamental indicators, such as Nokian Tyres's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nokian Tyres investors may use each financial statement separately, they are all related. The changes in Nokian Tyres's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nokian Tyres'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. We offer a historical overview of the basic patterns found on Nokian Tyres Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Nokian Tyres. Please read more on our technical analysis and fundamental analysis pages.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland. Nokian Tyres operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 4927 people.
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 Nokian Tyres 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, Nokian Tyres' short interest history, or implied volatility extrapolated from Nokian Tyres options trading.
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Try AI Portfolio ArchitectCheck out the analysis of Nokian Tyres Correlation against competitors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Nokian Pink Sheet analysis
When running Nokian Tyres' price analysis, check to measure Nokian Tyres' 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 Nokian Tyres is operating at the current time. Most of Nokian Tyres' value examination focuses on studying past and present price action to predict the probability of Nokian Tyres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Tyres' price. Additionally, you may evaluate how the addition of Nokian Tyres to your portfolios can decrease your overall portfolio volatility.
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