Socket Mobile Stock Return On Asset
| SCKT Stock | USD 1.04 0.01 0.97% |
Socket Mobile fundamentals help investors to digest information that contributes to Socket Mobile's financial success or failures. It also enables traders to predict the movement of Socket Stock. The fundamental analysis module provides a way to measure Socket Mobile's 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 Socket Mobile stock.
Return On Assets is likely to drop to -0.07 in 2024. Socket | Return On Asset |
Socket Mobile Company Return On Asset Analysis
Socket Mobile's 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 Socket Mobile Return On Asset | -0.068 |
Most of Socket Mobile's 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, Socket Mobile is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Socket Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Socket Mobile is extremely important. It helps to project a fair market value of Socket Stock properly, considering its historical fundamentals such as Return On Asset. Since Socket Mobile'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 Socket Mobile'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 Socket Mobile's interrelated accounts and indicators.
Click cells to compare fundamentals
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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Socket Total Assets
Total Assets |
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Based on the latest financial disclosure, Socket Mobile has a Return On Asset of -0.068. This is 97.65% lower than that of the Technology Hardware, Storage & Peripherals sector and significantly lower than that of the Information Technology industry. The return on asset for all United States stocks is 51.43% lower than that of the firm.
Socket Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Socket Mobile's 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 Socket Mobile could also be used in its relative valuation, which is a method of valuing Socket Mobile by comparing valuation metrics of similar companies.Socket Mobile is currently under evaluation in return on asset category among related companies.
Socket Mobile Current Valuation Drivers
We derive many important indicators used in calculating different scores of Socket Mobile from analyzing Socket Mobile's financial statements. These drivers represent accounts that assess Socket Mobile's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Socket Mobile's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 9.6M | 14.4M | 28.5M | 13.9M | 8.4M | 8.0M | |
| Enterprise Value | 11.6M | 14.4M | 24.7M | 15.5M | 11.8M | 11.2M |
Socket Fundamentals
| Return On Equity | -0.0966 | ||||
| Return On Asset | -0.068 | ||||
| Profit Margin | (0.11) % | ||||
| Operating Margin | (0.11) % | ||||
| Current Valuation | 11.23 M | ||||
| Shares Outstanding | 7.55 M | ||||
| Shares Owned By Insiders | 26.07 % | ||||
| Shares Owned By Institutions | 3.68 % | ||||
| Number Of Shares Shorted | 22.59 K | ||||
| Price To Earning | 4.99 X | ||||
| Price To Book | 0.42 X | ||||
| Price To Sales | 0.48 X | ||||
| Revenue | 17.03 M | ||||
| Gross Profit | 10.37 M | ||||
| EBITDA | (1.73 M) | ||||
| Net Income | (1.92 M) | ||||
| Cash And Equivalents | 5.59 M | ||||
| Cash Per Share | 0.78 X | ||||
| Total Debt | 6.28 M | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 2.65 X | ||||
| Cash Flow From Operations | 48.56 K | ||||
| Short Ratio | 0.69 X | ||||
| Earnings Per Share | (0.27) X | ||||
| Target Price | 1.25 | ||||
| Number Of Employees | 61 | ||||
| Beta | 0.81 | ||||
| Market Capitalization | 7.78 M | ||||
| Total Asset | 28.74 M | ||||
| Retained Earnings | (47.93 M) | ||||
| Working Capital | 4.2 M | ||||
| Current Asset | 5.17 M | ||||
| Current Liabilities | 4.01 M | ||||
| Net Asset | 28.74 M |
About Socket Mobile Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Socket Mobile's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Socket Mobile using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Socket Mobile 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.
Currently Active Assets on Macroaxis
When determining whether Socket Mobile is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Socket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Socket Mobile Stock. Highlighted below are key reports to facilitate an investment decision about Socket Mobile Stock:Check out Socket Mobile Piotroski F Score and Socket Mobile Altman Z Score analysis. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Socket Stock analysis
When running Socket Mobile's price analysis, check to measure Socket Mobile'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 Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Socket Mobile's industry 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 Socket Mobile. If investors know Socket 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 Socket Mobile 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 (0.01) | Earnings Share (0.27) | Revenue Per Share 2.356 | Quarterly Revenue Growth (0.15) | Return On Assets (0.07) |
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile'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 Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile'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 Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile'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.