Wealth Minerals Stock Return On Asset
| WML Stock | CAD 0.06 0.01 8.33% |
Wealth Minerals fundamentals help investors to digest information that contributes to Wealth Minerals' financial success or failures. It also enables traders to predict the movement of Wealth Stock. The fundamental analysis module provides a way to measure Wealth Minerals' 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 Wealth Minerals stock.
Return On Assets is likely to drop to -0.18 in 2024. Wealth | Return On Asset |
Wealth Minerals Company Return On Asset Analysis
Wealth Minerals' 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 Wealth Minerals Return On Asset | -0.11 |
Most of Wealth Minerals' 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, Wealth Minerals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Wealth Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Wealth Minerals is extremely important. It helps to project a fair market value of Wealth Stock properly, considering its historical fundamentals such as Return On Asset. Since Wealth Minerals' 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 Wealth Minerals' 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 Wealth Minerals' 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.
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Based on the latest financial disclosure, Wealth Minerals has a Return On Asset of -0.1139. This is 115.39% lower than that of the Metals & Mining sector and 98.05% lower than that of the Materials industry. The return on asset for all Canada stocks is 18.64% lower than that of the firm.
Wealth Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wealth Minerals' 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 Wealth Minerals could also be used in its relative valuation, which is a method of valuing Wealth Minerals by comparing valuation metrics of similar companies.Wealth Minerals is currently under evaluation in return on asset category among its peers.
Wealth Minerals Current Valuation Drivers
We derive many important indicators used in calculating different scores of Wealth Minerals from analyzing Wealth Minerals' financial statements. These drivers represent accounts that assess Wealth Minerals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Wealth Minerals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 16.8M | 114.0M | 86.4M | 76.5M | 68.8M | 72.3M | |
| Enterprise Value | 20.1M | 110.2M | 81.2M | 71.8M | 64.6M | 67.9M |
Wealth Fundamentals
| Return On Equity | -0.28 | |||
| Return On Asset | -0.11 | |||
| Current Valuation | 13.45 M | |||
| Shares Outstanding | 335.91 M | |||
| Shares Owned By Insiders | 9.17 % | |||
| Shares Owned By Institutions | 0.60 % | |||
| Number Of Shares Shorted | 10.01 K | |||
| Price To Earning | (13.15) X | |||
| Price To Book | 0.40 X | |||
| EBITDA | (10.83 M) | |||
| Net Income | (10.42 M) | |||
| Cash And Equivalents | 130.92 K | |||
| Total Debt | 27.12 K | |||
| Debt To Equity | 6.40 % | |||
| Current Ratio | 0.26 X | |||
| Book Value Per Share | 0.14 X | |||
| Cash Flow From Operations | (7.51 M) | |||
| Short Ratio | 0.13 X | |||
| Earnings Per Share | (0.05) X | |||
| Beta | 0.54 | |||
| Market Capitalization | 18.47 M | |||
| Total Asset | 55.33 M | |||
| Retained Earnings | (148.57 M) | |||
| Working Capital | 5.01 M | |||
| Net Asset | 55.33 M |
About Wealth Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wealth Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wealth Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wealth Minerals 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 Wealth Stock Analysis
When running Wealth Minerals' price analysis, check to measure Wealth Minerals' 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 Wealth Minerals is operating at the current time. Most of Wealth Minerals' value examination focuses on studying past and present price action to predict the probability of Wealth Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wealth Minerals' price. Additionally, you may evaluate how the addition of Wealth Minerals to your portfolios can decrease your overall portfolio volatility.