Majic Wheels Corp Stock Return On Asset
| MJWL Stock | USD 0.0001 0.00 0.00% |
Majic Wheels Corp fundamentals help investors to digest information that contributes to Majic Wheels' financial success or failures. It also enables traders to predict the movement of Majic Stock. The fundamental analysis module provides a way to measure Majic Wheels' 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 Majic Wheels stock.
The value of Return On Assets is estimated to slide to -1.79. Majic | Return On Asset |
Majic Wheels Corp Company Return On Asset Analysis
Majic Wheels' 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.
Majic Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Majic Wheels is extremely important. It helps to project a fair market value of Majic Stock properly, considering its historical fundamentals such as Return On Asset. Since Majic Wheels' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Majic Wheels' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Majic Wheels' interrelated accounts and indicators.
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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, Majic Wheels Corp has a Return On Asset of 0.0. This is 100.0% lower than that of the Commercial Services & Supplies sector and 100.0% lower than that of the Industrials industry. The return on asset for all United States stocks is 100.0% lower than that of the firm.
Majic Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Majic Wheels' 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 Majic Wheels could also be used in its relative valuation, which is a method of valuing Majic Wheels by comparing valuation metrics of similar companies.Majic Wheels is currently under evaluation in return on asset category among its peers.
Majic Fundamentals
| Operating Margin | (1.47) % | ||||
| Current Valuation | 390.67 K | ||||
| Shares Outstanding | 1.95 B | ||||
| Price To Earning | (0.01) X | ||||
| Price To Sales | 1.11 X | ||||
| EBITDA | (39.26 K) | ||||
| Net Income | (1.46 M) | ||||
| Cash And Equivalents | 8.3 K | ||||
| Total Debt | 290.12 K | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (80.29 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Price To Earnings To Growth | 0.91 X | ||||
| Beta | 24.9 | ||||
| Market Capitalization | 390.67 K |
About Majic Wheels Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Majic Wheels Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Majic Wheels using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Majic Wheels 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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Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Majic Wheels. If investors know Majic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' 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.