How to understand capital efficiency with ROIC
How to review operating performance generated from the capital invested in a business.
Read more ↗TOPIC
Stocks
Clear, useful stories about stocks with context and sources.
CONTENTS
Latest Stocks stories
Why rising receivables are not simply sales growth
How to assess whether credit sales are likely to become cash by comparing receivables and cash flow.
Read more ↗How to use inventory turnover to review sales flow
How to examine sales speed and the risk of excess inventory together.
Read more ↗How working capital changes affect cash flow
Why cash can tighten even when sales rise, using receivables, inventory, and payables as examples.
Read more ↗How to review debt and interest coverage together
How to look beyond debt size and assess whether operating profit can cover interest costs.
Read more ↗How to use operating margin to study a business
How to interpret the profit left from core operations alongside industry characteristics.
Read more ↗How to read earnings per share more carefully
How EPS is calculated and how one-off gains and share-count changes can affect interpretation.
Read more ↗How to read a cash flow statement
A practical guide to the three sections of a cash flow statement and why profit may differ from cash.
Read more ↗How to use free cash flow in company analysis
What remains after operating cash flow and necessary investment, and why it matters in analysis.
Read more ↗How buybacks differ from dividends
How buybacks and dividends return cash to shareholders and what to review in each case.
Read more ↗How market-cap-weighted stock indexes work
Why company weights differ in an index and what that means when reading index performance.
Read more ↗Basic principles of diversification and allocation
Why allocation matters and how it differs from simply owning more individual assets.
Read more ↗How exchange rates can affect stocks
How exchange rates can affect exporters, importers, and the translated value of overseas assets.
Read more ↗How to read ROE and ROA together
How ROE and ROA differ and why debt matters when interpreting profitability ratios.
Read more ↗How an IPO and public offering work
A clear overview of the IPO process, offering price, subscription, and post-listing volatility.
Read more ↗Four things to check in an earnings report
A repeatable order for reading revenue, profit, guidance, cash flow, and management commentary.
Read more ↗How to think about investment risk before the numbers
A practical framework for reviewing loss tolerance, time horizon, and liquidity alongside volatility.
Read more ↗A practical order for reading three financial statements
How to connect the income statement, balance sheet, and cash-flow statement when reviewing a company.
Read more ↗What to check alongside dividend yield
How to review a company’s ability to sustain a dividend instead of relying on a high yield alone.
Read more ↗How to understand P/E and P/B ratios as a beginner
A practical introduction to comparing a stock price with a company’s earnings and book value.
Read more ↗How to understand stock indexes and ETFs together
A clear introduction to the difference between a market index and an ETF that tracks it.
Read more ↗How to read the market when you are just getting started
A practical order for connecting indexes, industries, and company results without chasing every headline.
Read more ↗Understanding the relationship between rates and stocks
How rate changes can affect growth stocks, dividend stocks, and corporate funding.
Read more ↗