Mitek Systems Stock Return On Asset

MITK Stock

USD 9.30 0.02 0.21%

Mitek Systems fundamentals help investors to digest information that contributes to Mitek Systems' financial success or failures. It also enables traders to predict the movement of Mitek Stock. The fundamental analysis module provides a way to measure Mitek Systems' 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 Mitek Systems stock.

Short Long Term Debt Total Total Assets

Return On Assets is expected to rise to 0.02 this year.

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Mitek Systems Company Return On Asset Analysis

Mitek Systems' 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 Mitek Systems Return On Asset

-0.007

Most of Mitek Systems' 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, Mitek Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Mitek Return On Asset Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Intangible Assets	Net Tangible Assets	Good Will	Short Term Investments	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Net Invested Capital	Net Working Capital	Short Long Term Debt	Capital Stock
Total Assets		0.98	0.94	0.63	0.93	0.99	0.98	-0.13	0.86	0.64	0.96	0.96	0.94	0.92	0.97	0.96	0.88	0.94	0.94	0.38	0.93	0.86	-0.87	0.92
Total Stockholder Equity	0.98		0.86	0.61	0.94	0.94	0.96	-0.03	0.88	0.7	0.97	0.96	0.93	0.92	0.97	0.94	0.83	0.98	0.94	0.3	0.89	0.79	-0.9	0.91
Net Debt	0.94	0.86		0.61	0.82	0.98	0.91	-0.28	0.74	0.48	0.86	0.87	0.87	0.86	0.88	0.9	0.87	0.8	0.86	0.46	0.92	0.87	-0.73	0.84
Retained Earnings	0.63	0.61	0.61		0.59	0.62	0.62	0.06	0.58	0.14	0.62	0.55	0.64	0.53	0.63	0.57	0.6	0.59	0.64	0.33	0.61	0.6	-0.6	0.6
Net Receivables	0.93	0.94	0.82	0.59		0.89	0.91	-0.04	0.98	0.57	0.91	0.99	0.89	0.95	0.9	0.98	0.67	0.9	0.88	0.02	0.84	0.71	-0.81	0.92
Total Liab	0.99	0.94	0.98	0.62	0.89		0.97	-0.21	0.82	0.57	0.93	0.93	0.92	0.89	0.94	0.94	0.89	0.88	0.91	0.43	0.94	0.89	-0.81	0.9
Total Current Assets	0.98	0.96	0.91	0.62	0.91	0.97		-0.21	0.84	0.61	0.93	0.95	0.93	0.85	0.96	0.92	0.91	0.91	0.92	0.4	0.91	0.89	-0.83	0.92
Short Term Debt	-0.13	-0.03	-0.28	0.06	-0.04	-0.21	-0.21		0.0	0.03	-0.12	-0.16	-0.33	0.01	-0.18	-0.1	-0.28	-0.04	-0.26	-0.19	-0.21	-0.38	0.03	-0.21
Accounts Payable	0.86	0.88	0.74	0.58	0.98	0.82	0.84	0.0		0.48	0.85	0.95	0.83	0.92	0.84	0.94	0.56	0.84	0.82	-0.12	0.77	0.62	-0.76	0.89
Common Stock	0.64	0.7	0.48	0.14	0.57	0.57	0.61	0.03	0.48		0.67	0.61	0.59	0.6	0.66	0.58	0.54	0.72	0.63	0.26	0.73	0.63	-0.7	0.66
Property Plant Equipment	0.96	0.97	0.86	0.62	0.91	0.93	0.93	-0.12	0.85	0.67		0.93	0.97	0.91	0.95	0.93	0.81	0.98	0.98	0.32	0.9	0.79	-0.91	0.9
Current Deferred Revenue	0.96	0.96	0.87	0.55	0.99	0.93	0.95	-0.16	0.95	0.61	0.93		0.93	0.95	0.94	0.98	0.75	0.92	0.91	0.12	0.88	0.77	-0.83	0.94
Long Term Debt	0.94	0.93	0.87	0.64	0.89	0.92	0.93	-0.33	0.83	0.59	0.97	0.93		0.86	0.95	0.91	0.82	0.94	0.99	0.3	0.89	0.82	-0.87	0.91
Intangible Assets	0.92	0.92	0.86	0.53	0.95	0.89	0.85	0.01	0.92	0.6	0.91	0.95	0.86		0.88	0.99	0.63	0.89	0.86	0.07	0.86	0.66	-0.8	0.87
Net Tangible Assets	0.97	0.97	0.88	0.63	0.9	0.94	0.96	-0.18	0.84	0.66	0.95	0.94	0.95	0.88		0.92	0.85	0.96	0.95	0.34	0.89	0.82	-0.89	0.9
Good Will	0.96	0.94	0.9	0.57	0.98	0.94	0.92	-0.1	0.94	0.58	0.93	0.98	0.91	0.99	0.92		0.71	0.9	0.9	0.12	0.89	0.74	-0.83	0.92
Short Term Investments	0.88	0.83	0.87	0.6	0.67	0.89	0.91	-0.28	0.56	0.54	0.81	0.75	0.82	0.63	0.85	0.71		0.79	0.82	0.72	0.83	0.91	-0.73	0.75
Capital Surpluse	0.94	0.98	0.8	0.59	0.9	0.88	0.91	-0.04	0.84	0.72	0.98	0.92	0.94	0.89	0.96	0.9	0.79		0.96	0.29	0.86	0.74	-0.93	0.87
Deferred Long Term Liab	0.94	0.94	0.86	0.64	0.88	0.91	0.92	-0.26	0.82	0.63	0.98	0.91	0.99	0.86	0.95	0.9	0.82	0.96		0.33	0.88	0.81	-0.89	0.89
Long Term Investments	0.38	0.3	0.46	0.33	0.02	0.43	0.4	-0.19	-0.12	0.26	0.32	0.12	0.3	0.07	0.34	0.12	0.72	0.29	0.33		0.4	0.57	-0.3	0.18
Net Invested Capital	0.93	0.89	0.92	0.61	0.84	0.94	0.91	-0.21	0.77	0.73	0.9	0.88	0.89	0.86	0.89	0.89	0.83	0.86	0.88	0.4		0.93	-0.84	0.92
Net Working Capital	0.86	0.79	0.87	0.6	0.71	0.89	0.89	-0.38	0.62	0.63	0.79	0.77	0.82	0.66	0.82	0.74	0.91	0.74	0.81	0.57	0.93		-0.74	0.86
Short Long Term Debt	-0.87	-0.9	-0.73	-0.6	-0.81	-0.81	-0.83	0.03	-0.76	-0.7	-0.91	-0.83	-0.87	-0.8	-0.89	-0.83	-0.73	-0.93	-0.89	-0.3	-0.84	-0.74		-0.85
Capital Stock	0.92	0.91	0.84	0.6	0.92	0.9	0.92	-0.21	0.89	0.66	0.9	0.94	0.91	0.87	0.9	0.92	0.75	0.87	0.89	0.18	0.92	0.86	-0.85

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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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Mitek Total Assets

Total Assets

489.49 Million

At this time, Mitek Systems' Total Assets are quite stable compared to the past year.

Based on the latest financial disclosure, Mitek Systems has a Return On Asset of -0.007. This is 99.76% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The return on asset for all United States stocks is 95.0% lower than that of the firm.

Mitek Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mitek Systems' 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 Mitek Systems could also be used in its relative valuation, which is a method of valuing Mitek Systems by comparing valuation metrics of similar companies.

Mitek Systems is currently under evaluation in return on asset category among its peers.

Mitek Systems ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Mitek Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Mitek Systems' managers, analysts, and investors.

Environmental

Governance

Social

Mitek Fundamentals

	Return On Equity	-0.0323
	Return On Asset	-0.007
	Profit Margin	(0.04) %
	Operating Margin	0.04 %
	Current Valuation	451.31 M
	Shares Outstanding	46.2 M
	Shares Owned By Insiders	2.99 %
	Shares Owned By Institutions	77.91 %
	Number Of Shares Shorted	4.13 M
	Price To Earning	45.71 X
	Price To Book	2.05 X
	Price To Sales	2.58 X
	Revenue	172.55 M
	Gross Profit	105.26 M
	EBITDA	39.62 M
	Net Income	8.03 M
	Cash And Equivalents	71.05 M
	Cash Per Share	1.60 X
	Total Debt	140.28 M
	Debt To Equity	0.75 %
	Current Ratio	2.61 X
	Book Value Per Share	4.54 X
	Cash Flow From Operations	31.59 M
	Short Ratio	9.07 X
	Earnings Per Share	(0.14) X
	Price To Earnings To Growth	1.28 X
	Target Price	12.3
	Number Of Employees	573
	Beta	1.08
	Market Capitalization	429.7 M
	Total Asset	405.38 M
	Retained Earnings	(9.31 M)
	Working Capital	138.51 M
	Current Asset	40.31 M
	Current Liabilities	8.33 M
	Net Asset	405.38 M

About Mitek Systems Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mitek Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mitek Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mitek Systems 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 Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:

How To Invest In Mitek

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Is Mitek Stock a good investment?

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What is Mitek Systems' Net Worth?

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Largest Application Software Companies

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Largest Software - Application Companies

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Check out Mitek Systems Piotroski F Score and Mitek Systems Altman Z Score analysis.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Is Application Software 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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

(0.94)

Earnings Share

(0.14)

Revenue Per Share

3.59

Quarterly Revenue Growth

0.044

Return On Assets

(0.01)

The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.

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Mitek Systems Stock Return On Asset

Mitek Systems Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current Mitek Systems Return On Asset

Mitek Return On Asset Driver Correlations

Mitek Total Assets

Total Assets

489.49 Million

Mitek Return On Asset Peer Comparison

Mitek Systems ESG Sustainability

Mitek Fundamentals

About Mitek Systems Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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