Nano X Imaging Stock Return On Equity

NNOX Stock  USD 7.56  0.14  1.82%   
Nano X Imaging fundamentals help investors to digest information that contributes to Nano X's financial success or failures. It also enables traders to predict the movement of Nano Stock. The fundamental analysis module provides a way to measure Nano X'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 Nano X stock.
Last ReportedProjected for Next Year
Return On Equity(0.31)(0.30)
Return On Equity is likely to rise to -0.3 in 2024.
  
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Nano X Imaging Company Return On Equity Analysis

Nano X's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

 = 

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Nano X Return On Equity

    
  -0.31  
Most of Nano X's fundamental indicators, such as Return On Equity, 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, Nano X Imaging is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Nano Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Nano X is extremely important. It helps to project a fair market value of Nano Stock properly, considering its historical fundamentals such as Return On Equity. Since Nano X'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 Nano X'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 Nano X's interrelated accounts and indicators.
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Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition

Nano Total Stockholder Equity

Total Stockholder Equity

170.12 Million

At this time, Nano X's Total Stockholder Equity is fairly stable compared to the past year.
Based on the latest financial disclosure, Nano X Imaging has a Return On Equity of -0.3118. This is 98.7% lower than that of the Health Care Equipment & Supplies sector and 96.43% lower than that of the Health Care industry. This indicator is about the same for all United States stocks average (which is currently at -0.31).

Nano Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nano X's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nano X could also be used in its relative valuation, which is a method of valuing Nano X by comparing valuation metrics of similar companies.
Nano X is currently under evaluation in return on equity category among its peers.

Nano X 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, Nano X's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nano X's managers, analysts, and investors.
Environmental
Governance
Social

Nano Fundamentals

About Nano X Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nano X Imaging's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nano X using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nano X Imaging 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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Additional Tools for Nano Stock Analysis

When running Nano X's price analysis, check to measure Nano X'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 Nano X is operating at the current time. Most of Nano X's value examination focuses on studying past and present price action to predict the probability of Nano X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nano X's price. Additionally, you may evaluate how the addition of Nano X to your portfolios can decrease your overall portfolio volatility.