What is the price-to-earnings ratio of Red Avenue New Materials Group Co?
The price-earnings ratio of Red Avenue New Materials Group Co is currently 5.23.
Red Avenue New Materials Group Co P/S 2024
Red Avenue New Materials Group Co P/S
5.23
Ticker
603650.SS
ISIN
CNE1000036G1
As of Aug 4, 2024, Red Avenue New Materials Group Co's P/S ratio stood at 5.23, a -25.39% change from the 7.01 P/S ratio recorded in the previous year.
The Red Avenue New Materials Group Co P/S history
Red Avenue New Materials Group Co Aktienanalyse
What does Red Avenue New Materials Group Co do?
Red Avenue New Materials Group Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/S Details
Decoding Red Avenue New Materials Group Co's P/S Ratio
Red Avenue New Materials Group Co's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.
Year-to-Year Comparison
Comparing Red Avenue New Materials Group Co's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.
Impact on Investments
The P/S ratio is instrumental for investors evaluating Red Avenue New Materials Group Co's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.
Interpreting P/S Ratio Fluctuations
Variations in Red Avenue New Materials Group Co’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.
Frequently Asked Questions about Red Avenue New Materials Group Co stock
How has the price-earnings ratio of Red Avenue New Materials Group Co changed compared to last year?
The price-to-earnings ratio of Red Avenue New Materials Group Co has increased by -25.39% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Red Avenue New Materials Group Co high compared to other companies?
Yes, the price-to-earnings ratio of Red Avenue New Materials Group Co is high compared to other companies.
How does an increase in the price-earnings ratio of Red Avenue New Materials Group Co affect the company?
An increase in the price-earnings ratio of Red Avenue New Materials Group Co would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Red Avenue New Materials Group Co affect the company?
A decrease in the price-earnings ratio of Red Avenue New Materials Group Co would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Red Avenue New Materials Group Co?
Some factors that influence the price-earnings ratio of Red Avenue New Materials Group Co are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Red Avenue New Materials Group Co pay?
Over the past 12 months, Red Avenue New Materials Group Co paid a dividend of 0.08 CNY . This corresponds to a dividend yield of about 0.29 %. For the coming 12 months, Red Avenue New Materials Group Co is expected to pay a dividend of 0.09 CNY.
What is the dividend yield of Red Avenue New Materials Group Co?
The current dividend yield of Red Avenue New Materials Group Co is 0.29 %.
When does Red Avenue New Materials Group Co pay dividends?
Red Avenue New Materials Group Co pays a quarterly dividend. This is distributed in the months of July, August, July, July.
How secure is the dividend of Red Avenue New Materials Group Co?
Red Avenue New Materials Group Co paid dividends every year for the past 8 years.
What is the dividend of Red Avenue New Materials Group Co?
For the upcoming 12 months, dividends amounting to 0.09 CNY are expected. This corresponds to a dividend yield of 0.31 %.
In which sector is Red Avenue New Materials Group Co located?
Red Avenue New Materials Group Co is assigned to the 'Commodities' sector.
Wann musste ich die Aktien von Red Avenue New Materials Group Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Red Avenue New Materials Group Co from 6/5/2024 amounting to 0.59 CNY, you needed to have the stock in your portfolio before the ex-date on 6/5/2024.
When did Red Avenue New Materials Group Co pay the last dividend?
The last dividend was paid out on 6/5/2024.
What was the dividend of Red Avenue New Materials Group Co in the year 2023?
In the year 2023, Red Avenue New Materials Group Co distributed 0.09 CNY as dividends.
In which currency does Red Avenue New Materials Group Co pay out the dividend?
The dividends of Red Avenue New Materials Group Co are distributed in CNY.
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Andere Kennzahlen von Red Avenue New Materials Group Co
Our stock analysis for Red Avenue New Materials Group Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Red Avenue New Materials Group Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
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