Myers Return On Assets from 2010 to 2024

MYE Stock  USD 16.42  0.58  3.41%   
Myers Industries' Return On Assets are increasing over the years with slightly volatile fluctuation. Return On Assets are expected to dwindle to 0.05. Return On Assets is a profitability ratio that indicates the percentage of profit Myers Industries earns in relation to its overall resources. It is calculated by dividing net income by total assets. View All Fundamentals
 
Return On Assets  
First Reported
2010-12-31
Previous Quarter
0.09022194
Current Value
0.0523
Quarterly Volatility
0.04134443
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Myers Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Myers main balance sheet or income statement drivers, such as Depreciation And Amortization of 26 M, Interest Expense of 7.2 M or Total Revenue of 586 M, as well as many exotic indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.0191 or PTB Ratio of 1.84. Myers financial statements analysis is a perfect complement when working with Myers Industries Valuation or Volatility modules.
  
This module can also supplement Myers Industries' financial leverage analysis and stock options assessment as well as various Myers Industries Technical models . Check out the analysis of Myers Industries Correlation against competitors.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

Latest Myers Industries' Return On Assets Growth Pattern

Below is the plot of the Return On Assets of Myers Industries over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Myers Industries' Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Myers Industries' overall financial position and show how it may be relating to other accounts over time.
Return On Assets10 Years Trend
Slightly volatile
   Return On Assets   
       Timeline  

Myers Return On Assets Regression Statistics

Arithmetic Mean0.05
Coefficient Of Variation86.35
Mean Deviation0.03
Median0.06
Standard Deviation0.04
Sample Variance0
Range0.1388
R-Value0.29
Mean Square Error0
R-Squared0.09
Significance0.29
Slope0
Total Sum of Squares0.02

Myers Return On Assets History

2024 0.0523
2023 0.0902
2022 0.11
2021 0.0692
2020 0.0919
2019 0.0689
2018 -0.009606

About Myers Industries Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Myers Industries income statement, its balance sheet, and the statement of cash flows. Myers Industries investors use historical funamental indicators, such as Myers Industries's Return On Assets, to determine how well the company is positioned to perform in the future. Although Myers Industries investors may use each financial statement separately, they are all related. The changes in Myers Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Myers Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Myers Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Myers Industries. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Assets 0.09  0.05 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:
Check out the analysis of Myers Industries Correlation against competitors.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Myers Industries' price analysis, check to measure Myers Industries' 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 Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' industry 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 Myers Industries. If investors know Myers 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 Myers Industries 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
(0.74)
Dividend Share
0.54
Earnings Share
1.06
Revenue Per Share
21.841
Quarterly Revenue Growth
(0.04)
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' 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 Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' 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 Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' 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.