Nova Minerals Limited Stock Return On Asset
| NVAWW Stock | 4.45 0.32 7.75% |
Nova Minerals Limited fundamentals help investors to digest information that contributes to Nova Minerals' financial success or failures. It also enables traders to predict the movement of Nova Stock. The fundamental analysis module provides a way to measure Nova Minerals' 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 Nova Minerals stock.
Return On Assets is likely to climb to 0.09 in 2025. Nova | Return On Asset |
Nova Minerals Limited Company Return On Asset Analysis
Nova Minerals' 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 Nova Minerals Return On Asset | -0.076 |
Most of Nova Minerals' 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, Nova Minerals Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nova Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Nova Minerals is extremely important. It helps to project a fair market value of Nova Stock properly, considering its historical fundamentals such as Return On Asset. Since Nova Minerals' 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 Nova Minerals' 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 Nova Minerals' interrelated accounts and indicators.
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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.
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Nova Total Assets
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Based on the latest financial disclosure, Nova Minerals Limited has a Return On Asset of -0.076. This is 110.27% lower than that of the Basic Materials sector and 153.33% higher than that of the Gold industry. The return on asset for all United States stocks is 45.71% lower than that of the firm.
Nova Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nova Minerals' 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 Nova Minerals could also be used in its relative valuation, which is a method of valuing Nova Minerals by comparing valuation metrics of similar companies.Nova Minerals is currently under evaluation in return on asset category among its peers.
Nova Fundamentals
| Return On Equity | -0.15 | ||||
| Return On Asset | -0.076 | ||||
| Number Of Shares Shorted | 1.23 K | ||||
| EBITDA | (13.37 M) | ||||
| Net Income | (16.28 M) | ||||
| Total Debt | 7.06 M | ||||
| Book Value Per Share | 0.42 X | ||||
| Cash Flow From Operations | (3.67 M) | ||||
| Beta | 0.5 | ||||
| Total Asset | 107.25 M | ||||
| Retained Earnings | (66.27 M) | ||||
| Working Capital | 268.67 K | ||||
| Net Asset | 107.25 M |
About Nova Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nova Minerals Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova Minerals Limited 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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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.Additional Tools for Nova Stock Analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Nova Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.