Mirle Automation Corp Stock Return On Asset

2464 Stock  TWD 75.00  0.20  0.27%   
Mirle Automation Corp fundamentals help investors to digest information that contributes to Mirle Automation's financial success or failures. It also enables traders to predict the movement of Mirle Stock. The fundamental analysis module provides a way to measure Mirle Automation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mirle Automation stock.
  
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Mirle Automation Corp Company Return On Asset Analysis

Mirle Automation'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.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Mirle Automation Return On Asset

    
  0.0235  
Most of Mirle Automation'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, Mirle Automation Corp 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, Mirle Automation Corp has a Return On Asset of 0.0235. This is 100.81% lower than that of the Machinery sector and 100.26% lower than that of the Industrials industry. The return on asset for all Taiwan stocks is 116.79% lower than that of the firm.

Mirle Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mirle Automation's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mirle Automation could also be used in its relative valuation, which is a method of valuing Mirle Automation by comparing valuation metrics of similar companies.
Mirle Automation is currently under evaluation in return on asset category among its peers.

Mirle Fundamentals

About Mirle Automation Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mirle Automation Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mirle Automation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mirle Automation Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Mirle Stock Analysis

When running Mirle Automation's price analysis, check to measure Mirle Automation's 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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.