American Manganese Current Ratio vs. Return On Equity

AMY Stock  CAD 0.11  0.03  21.43%   
Based on the measurements of profitability obtained from American Manganese's financial statements, American Manganese may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess American Manganese's ability to earn profits and add value for shareholders.
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
217.51406895
Current Value
228.39
Quarterly Volatility
81.08938248
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, American Manganese's Shareholders Equity Per Share is fairly stable compared to the past year. Graham Net Net is likely to climb to 0.07 in 2024, whereas Free Cash Flow Yield is likely to drop (0.04) in 2024.
For American Manganese profitability analysis, we use financial ratios and fundamental drivers that measure the ability of American Manganese to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well American Manganese utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between American Manganese's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of American Manganese over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between American Manganese's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Manganese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Manganese'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.

American Manganese Return On Equity vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining American Manganese's current stock value. Our valuation model uses many indicators to compare American Manganese value to that of its competitors to determine the firm's financial worth.
American Manganese is rated second in current ratio category among its peers. It is rated fourth in return on equity category among its peers . At this time, American Manganese's Current Ratio is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American Manganese's earnings, one of the primary drivers of an investment's value.

American Return On Equity vs. Current Ratio

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

American Manganese

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
7.38 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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.

American Manganese

Return On Equity

 = 

Net Income

Total Equity

 = 
-0.42
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.

American Return On Equity Comparison

American Manganese is currently under evaluation in return on equity category among its peers.

American Manganese Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in American Manganese, profitability is also one of the essential criteria for including it into their portfolios because, without profit, American Manganese will eventually generate negative long term returns. The profitability progress is the general direction of American Manganese's change in net profit over the period of time. It can combine multiple indicators of American Manganese, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income42.4 M44.6 M
Operating Income-9 M-8.5 M
Income Before Tax-8.7 M-8.3 M
Total Other Income Expense Net-587 K-616.4 K
Net Loss-8.7 M-8.3 M
Income Tax Expense-1.1 M-1 M
Net Loss-8.7 M-8.3 M
Net Loss-10.2 M-9.7 M
Net Interest IncomeM1.1 M
Interest IncomeM1.1 M
Change To Netincome7.1 M7.5 M
Net Loss(0.03)(0.04)
Income Quality 0.33  0.45 
Net Income Per E B T 1.12  1.18 

American Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on American Manganese. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of American Manganese position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the American Manganese's important profitability drivers and their relationship over time.

Use American Manganese in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Manganese position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Manganese will appreciate offsetting losses from the drop in the long position's value.

American Manganese Pair Trading

American Manganese Pair Trading Analysis

The ability to find closely correlated positions to American Manganese could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Manganese when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Manganese - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Manganese to buy it.
The correlation of American Manganese is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Manganese moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Manganese moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Manganese can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your American Manganese position

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Housewares Theme
Companies making housewares accessories and providing houseware services. The Housewares theme has 47 constituents at this time.
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Additional Tools for American Stock Analysis

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