Millennium Price To Sales Ratio vs Payables Turnover Analysis
| MGIH Stock | 1.60 0.05 3.23% |
Millennium Group financial indicator trend analysis is infinitely more than just investigating Millennium Group Int recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millennium Group Int is a good investment. Please check the relationship between Millennium Group Price To Sales Ratio and its Payables Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Price To Sales Ratio vs Payables Turnover
Price To Sales Ratio vs Payables Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millennium Group Int Price To Sales Ratio account and Payables Turnover. At this time, the significance of the direction appears to have very week relationship.
The correlation between Millennium Group's Price To Sales Ratio and Payables Turnover is 0.24. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of Millennium Group International, assuming nothing else is changed. The correlation between historical values of Millennium Group's Price To Sales Ratio and Payables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Millennium Group International are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Price To Sales Ratio i.e., Millennium Group's Price To Sales Ratio and Payables Turnover go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Millennium Group Int stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Millennium Group sales, a figure that is much harder to manipulate than other Millennium Group International multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most indicators from Millennium Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Millennium Group Int current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of now, Millennium Group's Tax Provision is decreasing as compared to previous years. The Millennium Group's current Sales General And Administrative To Revenue is estimated to increase to 0.35, while Selling General Administrative is projected to decrease to under 8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 425.8K | 684.4K | 958.9K | 672.8K | Depreciation And Amortization | 1.9M | 1.7M | 1.4M | 1.5M |
Millennium Group fundamental ratios Correlations
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Millennium Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Diversified Metals & Mining 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 Millennium Group. If investors know Millennium 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 Millennium Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share (0.78) | Revenue Per Share 3.425 | Quarterly Revenue Growth (0.24) | Return On Assets (0.08) |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group's 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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group's 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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group's 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.