Addentax Group Corp Stock Current Ratio
| ATXG Stock | USD 1.00 0.02 1.96% |
Fundamental analysis of Addentax Group allows traders to better anticipate movements in Addentax Group's stock price by examining its financial health and performance throughout various phases of its business cycle.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 7.54 | 7.91 |
Addentax | Current Ratio | Build AI portfolio with Addentax Stock |
Addentax Group Corp Company Current Ratio Analysis
Addentax Group's 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.
Current Addentax Group Current Ratio | 3.21 X |
Most of Addentax Group's fundamental indicators, such as Current Ratio, 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, Addentax Group Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Addentax Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Addentax Group is extremely important. It helps to project a fair market value of Addentax Stock properly, considering its historical fundamentals such as Current Ratio. Since Addentax Group'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 Addentax Group'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 Addentax Group's interrelated accounts and indicators.
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Addentax Current Ratio Historical Pattern
Today, most investors in Addentax Group Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Addentax Group's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Addentax Group current ratio as a starting point in their analysis.
Addentax Group Current Ratio |
| Timeline |
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).
| Competition |
In accordance with the recently published financial statements, Addentax Group Corp has a Current Ratio of 3.21 times. This is 55.83% higher than that of the Air Freight & Logistics sector and significantly higher than that of the Industrials industry. The current ratio for all United States stocks is 48.61% lower than that of the firm.
Addentax Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Addentax Group's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Addentax Group could also be used in its relative valuation, which is a method of valuing Addentax Group by comparing valuation metrics of similar companies.Addentax Group is currently under evaluation in current ratio category among its peers.
Addentax Fundamentals
| Return On Equity | -0.17 | ||||
| Return On Asset | -0.024 | ||||
| Profit Margin | (0.99) % | ||||
| Operating Margin | (0.64) % | ||||
| Current Valuation | 14.13 M | ||||
| Shares Outstanding | 11.72 M | ||||
| Shares Owned By Insiders | 9.00 % | ||||
| Shares Owned By Institutions | 6.61 % | ||||
| Number Of Shares Shorted | 188.77 K | ||||
| Price To Earning | 195.00 X | ||||
| Price To Book | 0.47 X | ||||
| Price To Sales | 2.72 X | ||||
| Revenue | 4.18 M | ||||
| Gross Profit | 437.72 K | ||||
| EBITDA | (2.27 M) | ||||
| Net Income | (5.09 M) | ||||
| Cash And Equivalents | 20.77 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 22.42 M | ||||
| Debt To Equity | 0.30 % | ||||
| Current Ratio | 3.21 X | ||||
| Book Value Per Share | 2.49 X | ||||
| Cash Flow From Operations | 816 K | ||||
| Short Ratio | 0.62 X | ||||
| Earnings Per Share | (0.66) X | ||||
| Number Of Employees | 112 | ||||
| Beta | -36.23 | ||||
| Market Capitalization | 11.72 M | ||||
| Total Asset | 49.17 M | ||||
| Retained Earnings | (13.66 M) | ||||
| Working Capital | 25.84 M | ||||
| Current Asset | 4 K | ||||
| Current Liabilities | 21 K | ||||
| Net Asset | 49.17 M |
About Addentax Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Addentax Group Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Addentax Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Addentax Group Corp 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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Check out Addentax Group Piotroski F Score and Addentax Group Altman Z Score analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Air Freight & Logistics 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 Addentax Group. If investors know Addentax 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 Addentax 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 (0.34) | Earnings Share (0.66) | Revenue Per Share | Quarterly Revenue Growth 0.153 | Return On Assets |
The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax 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 Addentax Group's market value can be influenced by many factors that don't directly affect Addentax 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 Addentax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addentax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addentax 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.