Millennium Other Current Liab vs Total Assets Analysis
| MGIH Stock | 1.40 0.01 0.72% |
Millennium Group financial indicator trend analysis is infinitely more than just investigating Millennium Group Int recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millennium Group Int is a good investment. Please check the relationship between Millennium Group Other Current Liab and its Total Assets accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millennium Group Int Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Millennium Group's Other Current Liab and Total Assets is 0.94. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Millennium Group International, assuming nothing else is changed. The correlation between historical values of Millennium Group's Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Millennium Group International are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Millennium Group's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of Millennium Group assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Millennium Group Int books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Millennium Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. As of now, Millennium Group's Enterprise Value Over EBITDA is decreasing as compared to previous years. The Millennium Group's current Enterprise Value Multiple is estimated to increase to 4.63, while Tax Provision is forecasted to increase to (66.1 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 425.8K | 684.4K | 787.0K | 570.1K | Depreciation And Amortization | 1.9M | 1.7M | 1.5M | 1.5M |
Millennium Group fundamental ratios Correlations
Click cells to compare fundamentals
Millennium Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Millennium Group's price analysis, check to measure Millennium Group'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 Millennium Group is operating at the current time. Most of Millennium Group's value examination focuses on studying past and present price action to predict the probability of Millennium Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Group's price. Additionally, you may evaluate how the addition of Millennium Group to your portfolios can decrease your overall portfolio volatility.
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Is Millennium Group's 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 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 (0.03) | Revenue Per Share 4.426 | Quarterly Revenue Growth (0.37) | Return On Assets (0.01) |
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.