MAG Silver Current Ratio vs. Net Income

MAG Stock  CAD 22.50  0.29  1.31%   
Considering MAG Silver's profitability and operating efficiency indicators, MAG Silver's profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess MAG Silver's ability to earn profits and add value for shareholders.
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
15.03924024
Current Value
14.29
Quarterly Volatility
60.6248899
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, MAG Silver's Return On Tangible Assets are very stable compared to the past year. As of the 12th of December 2024, Earnings Yield is likely to grow to 0.05, while PTB Ratio is likely to drop 2.02.
For MAG Silver profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MAG Silver to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MAG Silver Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MAG Silver's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MAG Silver Corp over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between MAG Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAG Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAG Silver'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.

MAG Silver Corp Net Income vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining MAG Silver's current stock value. Our valuation model uses many indicators to compare MAG Silver value to that of its competitors to determine the firm's financial worth.
MAG Silver Corp is considered to be number one stock in current ratio category among its peers. It also is considered to be number one stock in net income category among its peers making up about  417,602  of Net Income per Current Ratio. At this time, MAG Silver's Current Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value MAG Silver by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for MAG Silver's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

MAG Net Income 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.

MAG Silver

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
116.52 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).
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

MAG Silver

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
48.66 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

MAG Net Income Comparison

MAG Silver is currently under evaluation in net income category among its peers.

MAG Silver Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in MAG Silver, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MAG Silver will eventually generate negative long term returns. The profitability progress is the general direction of MAG Silver's change in net profit over the period of time. It can combine multiple indicators of MAG Silver, 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 Income21.5 M22.6 M
Operating Income-14.3 M-13.6 M
Net Income48.7 M51.1 M
Income Tax Expense5.6 M5.9 M
Income Before Tax54.2 M56.9 M
Total Other Income Expense Net68.6 M72 M
Net Income From Continuing Ops48.7 M51.1 M
Net Income Applicable To Common Shares20.3 M21.3 M
Interest Income2.6 M2.5 M
Net Interest Income2.5 M1.3 M
Change To Netincome-33.7 M-32 M
Net Income Per Share 0.47  0.49 
Income Quality(0.18)(0.17)
Net Income Per E B T 0.90  0.64 

MAG Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on MAG Silver. 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 MAG Silver 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 MAG Silver's important profitability drivers and their relationship over time.

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Our tools can tell you how much better you can do entering a position in MAG Silver without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Use Investing Themes to Complement your MAG Silver position

In addition to having MAG Silver in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Emerging Markets Funds
Emerging Markets Funds Theme
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Funds Theme or any other thematic opportunities.
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When determining whether MAG Silver Corp is a strong investment it is important to analyze MAG Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAG Silver's future performance. For an informed investment choice regarding MAG Stock, refer to the following important reports:
Check out Correlation Analysis.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
To fully project MAG Silver's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MAG Silver Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include MAG Silver's income statement, its balance sheet, and the statement of cash flows.
Potential MAG Silver investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although MAG Silver investors may work on each financial statement separately, they are all related. The changes in MAG Silver's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on MAG Silver's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.