Noodles Company Stock Return On Asset

NDLS Stock  USD 0.71  0.01  1.39%   
Noodles Company fundamentals help investors to digest information that contributes to Noodles' financial success or failures. It also enables traders to predict the movement of Noodles Stock. The fundamental analysis module provides a way to measure Noodles' 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 Noodles stock.
Return On Assets is likely to gain to 0 in 2024.
  
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Noodles Company Company Return On Asset Analysis

Noodles' 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 Noodles Return On Asset

    
  -0.0063  
Most of Noodles' 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, Noodles Company is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Noodles Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Noodles is extremely important. It helps to project a fair market value of Noodles Stock properly, considering its historical fundamentals such as Return On Asset. Since Noodles' 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 Noodles' 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 Noodles' 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

Noodles Total Assets

Total Assets

277.87 Million

At this time, Noodles' Total Assets are comparatively stable compared to the past year.
Based on the latest financial disclosure, Noodles Company has a Return On Asset of -0.0063. This is 100.58% lower than that of the Hotels, Restaurants & Leisure sector and 100.1% lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is 95.5% lower than that of the firm.

Noodles Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noodles' 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 Noodles could also be used in its relative valuation, which is a method of valuing Noodles by comparing valuation metrics of similar companies.
Noodles is currently under evaluation in return on asset category among its peers.

Noodles Fundamentals

About Noodles Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Noodles Company's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noodles using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noodles Company 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Noodles Stock Analysis

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