Millennium Group International Stock Current Ratio
| MGIH Stock | 1.47 0.06 3.92% |
Millennium Group International fundamentals help investors to digest information that contributes to Millennium Group's financial success or failures. It also enables traders to predict the movement of Millennium Stock. The fundamental analysis module provides a way to measure Millennium Group'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 Millennium Group stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.29 | 1.41 |
Millennium | Current Ratio |
Millennium Group International Company Current Ratio Analysis
Millennium Group's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Millennium Group Current Ratio | 1.41 |
Most of Millennium Group's fundamental indicators, such as Current Ratio, 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, Millennium Group International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Millennium Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Millennium Group is extremely important. It helps to project a fair market value of Millennium Stock properly, considering its historical fundamentals such as Current Ratio. Since Millennium Group'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 Millennium Group'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 Millennium Group's interrelated accounts and indicators.
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Millennium Current Ratio Historical Pattern
Today, most investors in Millennium Group Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Millennium Group's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Millennium Group current ratio as a starting point in their analysis.
Millennium Group Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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Millennium Price To Sales Ratio
Price To Sales Ratio |
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Millennium Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Millennium Group's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Millennium Group could also be used in its relative valuation, which is a method of valuing Millennium Group by comparing valuation metrics of similar companies.Millennium Group is currently under evaluation in current ratio category among its peers.
Millennium Fundamentals
| Return On Equity | -0.25 | ||||
| Return On Asset | -0.0843 | ||||
| Profit Margin | (0.23) % | ||||
| Operating Margin | (0.44) % | ||||
| Current Valuation | 10.46 M | ||||
| Shares Outstanding | 11.25 M | ||||
| Shares Owned By Insiders | 88.88 % | ||||
| Shares Owned By Institutions | 0.19 % | ||||
| Number Of Shares Shorted | 1.64 K | ||||
| Price To Book | 0.55 X | ||||
| Price To Sales | 0.46 X | ||||
| Revenue | 38.53 M | ||||
| Gross Profit | 16.27 M | ||||
| EBITDA | (6.21 M) | ||||
| Net Income | (8.77 M) | ||||
| Total Debt | 6.26 M | ||||
| Book Value Per Share | 2.76 X | ||||
| Cash Flow From Operations | (4.11 M) | ||||
| Short Ratio | 0.08 X | ||||
| Earnings Per Share | (0.78) X | ||||
| Number Of Employees | 498 | ||||
| Market Capitalization | 17.55 M | ||||
| Total Asset | 43.64 M | ||||
| Retained Earnings | (498.45 K) | ||||
| Working Capital | 15.63 M | ||||
| Net Asset | 43.64 M |
About Millennium Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millennium Group International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millennium Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millennium Group International 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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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 Millennium Group Piotroski F Score and Millennium Group Altman Z Score analysis. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.