Millennium Historical Balance Sheet
| MGIH Stock | 1.47 0.06 3.92% |
Trend analysis of Millennium Group International balance sheet accounts such as Total Current Liabilities of 23.6 M provides information on Millennium Group's total assets, liabilities, and equity, which is the actual value of Millennium Group Int to its prevalent stockholders. By breaking down trends over time using Millennium Group balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Millennium Group Int latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Millennium Group Int is a good buy for the upcoming year.
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About Millennium Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Millennium Group Int at a specified time, usually calculated after every quarter, six months, or one year. Millennium Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Millennium Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Millennium currently owns. An asset can also be divided into two categories, current and non-current.
Millennium Group Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Millennium Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Millennium Group International are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most accounts from Millennium Group's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Property Plant And Equipment Net is decreasing as compared to previous years. The Millennium Group's current Current Deferred Revenue is estimated to increase to about 90.4 K, while Short and Long Term Debt Total is projected to decrease to under 5.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 16.7M | 13.6M | 6.3M | 5.9M | Total Assets | 66.0M | 59.0M | 43.6M | 50.4M |
Millennium Group balance sheet Correlations
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Millennium Group Account Relationship Matchups
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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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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.