Footway Group Revenue vs. Current Ratio

FOOT-PREF  SEK 40.40  0.60  1.46%   
Considering Footway Group's profitability and operating efficiency indicators, Footway Group AB may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Footway Group's ability to earn profits and add value for shareholders.
For Footway Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Footway Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Footway Group AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Footway Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Footway Group AB over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Footway Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Footway Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Footway Group'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.

Footway Group AB Current Ratio vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Footway Group's current stock value. Our valuation model uses many indicators to compare Footway Group value to that of its competitors to determine the firm's financial worth.
Footway Group AB is rated as one of the top companies in revenue category among related companies. It is one of the top stocks in current ratio category among related companies . The ratio of Revenue to Current Ratio for Footway Group AB is about  699,719,626 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Footway Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Footway Group's 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 Footway Group's earnings, one of the primary drivers of an investment's value.

Footway Revenue vs. Competition

Footway Group AB is rated as one of the top companies in revenue category among related companies. Market size based on revenue of Apparel Retail industry is currently estimated at about 7.95 Billion. Footway Group retains roughly 1.5 Billion in revenue claiming about 19% of stocks in Apparel Retail industry.

Footway Current Ratio vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Footway Group

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
1.5 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.

Footway Group

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
2.14 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).

Footway Current Ratio Comparison

Footway Group is currently under evaluation in current ratio category among related companies.

Footway Group Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Footway Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Footway Group will eventually generate negative long term returns. The profitability progress is the general direction of Footway Group's change in net profit over the period of time. It can combine multiple indicators of Footway Group, 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.
Footway Group AB operates an online shoe store for women, men, and children. It sells casual and flats, sneakers and sports shoes, boots, heeled boots, sandals and slippers, laced boots, heels, and winter shoes. Footway Group is traded on Stockholm Stock Exchange in Sweden.

Footway Profitability Driver Comparison

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

Use Footway Group 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 Footway Group 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 Footway Group will appreciate offsetting losses from the drop in the long position's value.

Footway Group Pair Trading

Footway Group AB Pair Trading Analysis

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

In addition to having Footway Group 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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Run Housewares Thematic Idea Now

Housewares
Housewares Theme
Companies making housewares accessories and providing houseware services. The Housewares theme has 45 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 Housewares Theme or any other thematic opportunities.
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To fully project Footway Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Footway Group AB 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 Footway Group's income statement, its balance sheet, and the statement of cash flows.
Potential Footway Group investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Footway Group investors may work on each financial statement separately, they are all related. The changes in Footway Group's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Footway Group'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.