Remitly Global Stock Return On Asset
| RELY Stock | USD 20.81 0.29 1.41% |
Remitly Global fundamentals help investors to digest information that contributes to Remitly Global's financial success or failures. It also enables traders to predict the movement of Remitly Stock. The fundamental analysis module provides a way to measure Remitly Global'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 Remitly Global stock.
Return On Assets is likely to drop to -0.12 in 2024. Remitly | Return On Asset |
Remitly Global Company Return On Asset Analysis
Remitly Global'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 Remitly Global Return On Asset | -0.0451 |
Most of Remitly Global'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, Remitly Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Remitly Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Remitly Global is extremely important. It helps to project a fair market value of Remitly Stock properly, considering its historical fundamentals such as Return On Asset. Since Remitly Global'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 Remitly Global'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 Remitly Global'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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Remitly Total Assets
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Based on the latest financial disclosure, Remitly Global has a Return On Asset of -0.0451. This is 98.44% lower than that of the Financial Services sector and significantly lower than that of the Financials industry. The return on asset for all United States stocks is 67.79% lower than that of the firm.
Remitly Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Remitly Global'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 Remitly Global could also be used in its relative valuation, which is a method of valuing Remitly Global by comparing valuation metrics of similar companies.Remitly Global is currently under evaluation in return on asset category among its peers.
Remitly Global 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, Remitly Global's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Remitly Global's managers, analysts, and investors.Environmental | Governance | Social |
Remitly Fundamentals
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0451 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 3.81 B | ||||
| Shares Outstanding | 198.06 M | ||||
| Shares Owned By Insiders | 5.83 % | ||||
| Shares Owned By Institutions | 82.39 % | ||||
| Number Of Shares Shorted | 9.25 M | ||||
| Price To Earning | (0.43) X | ||||
| Price To Book | 6.54 X | ||||
| Price To Sales | 3.51 X | ||||
| Revenue | 944.28 M | ||||
| Gross Profit | 326.63 M | ||||
| EBITDA | (96.47 M) | ||||
| Net Income | (117.84 M) | ||||
| Cash And Equivalents | 429.71 M | ||||
| Cash Per Share | 2.56 X | ||||
| Total Debt | 142.99 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 2.80 X | ||||
| Book Value Per Share | 3.19 X | ||||
| Cash Flow From Operations | (53.59 M) | ||||
| Short Ratio | 3.82 X | ||||
| Earnings Per Share | (0.35) X | ||||
| Price To Earnings To Growth | (0.02) X | ||||
| Target Price | 23.56 | ||||
| Number Of Employees | 2.7 K | ||||
| Beta | 0.026 | ||||
| Market Capitalization | 4.13 B | ||||
| Total Asset | 1.04 B | ||||
| Retained Earnings | (491.3 M) | ||||
| Working Capital | 565.28 M | ||||
| Current Asset | 271.8 M | ||||
| Current Liabilities | 155.1 M | ||||
| Net Asset | 1.04 B |
About Remitly Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Remitly Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Remitly Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Remitly Global 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 running Remitly Global's price analysis, check to measure Remitly Global'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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.