Millennium Retained Earnings vs Cash Analysis
| MGIH Stock | 1.45 0.02 1.40% |
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 Retained Earnings and its Cash 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 closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millennium Group Int Retained Earnings account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Millennium Group's Retained Earnings and Cash is 0.7. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash 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 Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Millennium Group International are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Millennium Group's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of Millennium Group Int, which is listed under current asset account on Millennium Group International balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Millennium Group customers. The amounts must be unrestricted with restricted cash listed in a different Millennium Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of now, Millennium Group's Tax Provision is decreasing as compared to previous years. The Millennium Group's current Sales General And Administrative To Revenue is estimated to increase to 0.35, while Selling General Administrative is projected to decrease to under 8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 425.8K | 684.4K | 958.9K | 672.8K | Depreciation And Amortization | 1.9M | 1.7M | 1.4M | 1.5M |
Millennium Group fundamental ratios Correlations
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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 closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Diversified Metals & Mining space 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 (0.78) | Revenue Per Share 3.425 | Quarterly Revenue Growth (0.24) | Return On Assets (0.08) |
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.