Foremost Lithium Resource Stock Return On Asset
| FMST Stock | 1.43 0.15 11.72% |
Foremost Lithium Resource fundamentals help investors to digest information that contributes to Foremost Lithium's financial success or failures. It also enables traders to predict the movement of Foremost Stock. The fundamental analysis module provides a way to measure Foremost Lithium'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 Foremost Lithium stock.
Return On Assets is likely to drop to -0.28 in 2024. Foremost | Return On Asset |
Foremost Lithium Resource Company Return On Asset Analysis
Foremost Lithium'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.
Current Foremost Lithium Return On Asset | -0.13 |
Most of Foremost Lithium'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, Foremost Lithium Resource is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Foremost Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Foremost Lithium is extremely important. It helps to project a fair market value of Foremost Stock properly, considering its historical fundamentals such as Return On Asset. Since Foremost Lithium's 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 Foremost Lithium's 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 Foremost Lithium's 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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Foremost Total Assets
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Based on the latest financial disclosure, Foremost Lithium Resource has a Return On Asset of -0.135. This is 118.24% lower than that of the Chemicals sector and significantly lower than that of the Materials industry. The return on asset for all United States stocks is 3.57% lower than that of the firm.
Foremost Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Foremost Lithium'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 Foremost Lithium could also be used in its relative valuation, which is a method of valuing Foremost Lithium by comparing valuation metrics of similar companies.Foremost Lithium is currently under evaluation in return on asset category among its peers.
Foremost Fundamentals
| Return On Equity | -0.4 | |||
| Return On Asset | -0.13 | |||
| Current Valuation | 15.2 M | |||
| Shares Outstanding | 6.87 M | |||
| Shares Owned By Insiders | 27.19 % | |||
| Shares Owned By Institutions | 0.03 % | |||
| Number Of Shares Shorted | 74.55 K | |||
| Price To Book | 1.63 X | |||
| EBITDA | (1.17 M) | |||
| Net Income | (4.47 M) | |||
| Total Debt | 1.14 M | |||
| Book Value Per Share | 2.50 X | |||
| Cash Flow From Operations | (3.79 M) | |||
| Short Ratio | 5.35 X | |||
| Earnings Per Share | (0.72) X | |||
| Target Price | 5.46 | |||
| Beta | 1.51 | |||
| Market Capitalization | 14.08 M | |||
| Total Asset | 16.6 M | |||
| Retained Earnings | (21.48 M) | |||
| Working Capital | (1.25 M) | |||
| Net Asset | 16.6 M |
About Foremost Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Foremost Lithium Resource's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Foremost Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Foremost Lithium Resource 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 Foremost Stock Analysis
When running Foremost Lithium's price analysis, check to measure Foremost Lithium'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 Foremost Lithium is operating at the current time. Most of Foremost Lithium's value examination focuses on studying past and present price action to predict the probability of Foremost Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foremost Lithium's price. Additionally, you may evaluate how the addition of Foremost Lithium to your portfolios can decrease your overall portfolio volatility.