Miller Industries Stock Return On Asset
| MLR Stock | USD 57.80 0.10 0.17% |
Miller Industries fundamentals help investors to digest information that contributes to Miller Industries' financial success or failures. It also enables traders to predict the movement of Miller Stock. The fundamental analysis module provides a way to measure Miller Industries' 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 Miller Industries stock.
As of 05/12/2024, Return On Assets is likely to grow to 0.09. Miller | Return On Asset |
Miller Industries Company Return On Asset Analysis
Miller Industries' 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 Miller Industries Return On Asset | 0.0886 |
Most of Miller Industries' 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, Miller Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Miller Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Miller Industries is extremely important. It helps to project a fair market value of Miller Stock properly, considering its historical fundamentals such as Return On Asset. Since Miller Industries' 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 Miller Industries' 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 Miller Industries' interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
Miller Total Assets
Total Assets |
|
Based on the latest financial disclosure, Miller Industries has a Return On Asset of 0.0886. This is 91.87% lower than that of the Machinery sector and 88.64% lower than that of the Industrials industry. The return on asset for all United States stocks is 163.29% lower than that of the firm.
Miller Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Miller Industries' 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 Miller Industries could also be used in its relative valuation, which is a method of valuing Miller Industries by comparing valuation metrics of similar companies.Miller Industries is currently under evaluation in return on asset category among related companies.
Miller Fundamentals
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0886 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.06 % | |||
| Current Valuation | 691.89 M | |||
| Shares Outstanding | 11.47 M | |||
| Shares Owned By Insiders | 4.15 % | |||
| Shares Owned By Institutions | 84.88 % | |||
| Number Of Shares Shorted | 58.05 K | |||
| Price To Earning | 10.55 X | |||
| Price To Book | 1.65 X | |||
| Price To Sales | 0.50 X | |||
| Revenue | 1.15 B | |||
| Gross Profit | 82.42 M | |||
| EBITDA | 92.01 M | |||
| Net Income | 58.29 M | |||
| Cash And Equivalents | 40.15 M | |||
| Cash Per Share | 2.73 X | |||
| Total Debt | 60.83 M | |||
| Debt To Equity | 0.14 % | |||
| Current Ratio | 2.27 X | |||
| Book Value Per Share | 31.59 X | |||
| Cash Flow From Operations | 10.96 M | |||
| Short Ratio | 1.06 X | |||
| Earnings Per Share | 5.73 X | |||
| Target Price | 21.0 | |||
| Number Of Employees | 1.8 K | |||
| Beta | 1.05 | |||
| Market Capitalization | 662.97 M | |||
| Total Asset | 654.1 M | |||
| Retained Earnings | 200.16 M | |||
| Working Capital | 275.76 M | |||
| Current Asset | 219.26 M | |||
| Current Liabilities | 94.49 M | |||
| Annual Yield | 0.01 % | |||
| Five Year Return | 2.40 % | |||
| Net Asset | 654.1 M | |||
| Last Dividend Paid | 0.73 |
About Miller Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Miller Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Miller Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Miller Industries 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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Miller Industries Piotroski F Score and Miller Industries Altman Z Score analysis. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Miller Stock analysis
When running Miller Industries' price analysis, check to measure Miller 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 Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |
Is Miller 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 Miller Industries. If investors know Miller 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 Miller 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 0.822 | Dividend Share 0.73 | Earnings Share 5.73 | Revenue Per Share 106.673 | Quarterly Revenue Growth 0.239 |
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller 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 Miller Industries' market value can be influenced by many factors that don't directly affect Miller 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 Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller 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.