Major Financial Statements From 2010 to 2024
| MJDLF Stock | USD 6.00 0.06 0.99% |
Check Major Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Major Drilling's main balance sheet or income statement drivers, such as , as well as many indicators such as . Major financial statements analysis is a perfect complement when working with Major Drilling Valuation or Volatility modules.
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Major Drilling Group Company Return On Asset Analysis
Major Drilling's 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 Major Drilling Return On Asset | 0.11 |
Most of Major Drilling's 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, Major Drilling Group 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.
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Based on the latest financial disclosure, Major Drilling Group has a Return On Asset of 0.1144. This is 84.54% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The return on asset for all United States stocks is 181.71% lower than that of the firm.
Major Drilling Group Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Major Drilling's current stock value. Our valuation model uses many indicators to compare Major Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Major Drilling competition to find correlations between indicators driving Major Drilling's intrinsic value. More Info.Major Drilling Group is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.56 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Major Drilling Group is roughly 1.79 . 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 Major Drilling's earnings, one of the primary drivers of an investment's value.About Major Drilling Financial Statements
Major Drilling stakeholders use historical fundamental indicators, such as Major Drilling's revenue or net income, to determine how well the company is positioned to perform in the future. Although Major Drilling investors may analyze each financial statement separately, they are all interrelated. For example, changes in Major Drilling's assets and liabilities are reflected in the revenues and expenses on Major Drilling's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Major Drilling Group. Please read more on our technical analysis and fundamental analysis pages.
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies. The company was founded in 1980 and is based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia. Major Drilling operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
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Other Information on Investing in Major Pink Sheet
Major Drilling financial ratios help investors to determine whether Major Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.