Millennium Total Current Liabilities from 2010 to 2024

MGIH Stock   1.46  0.07  4.58%   
Millennium Group's Total Current Liabilities is decreasing with slightly volatile movements from year to year. Total Current Liabilities is estimated to finish at about 27.1 M this year. Total Current Liabilities is the total amount of liabilities that Millennium Group International is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. View All Fundamentals
 
Total Current Liabilities  
First Reported
2010-12-31
Previous Quarter
17.2 M
Current Value
27.1 M
Quarterly Volatility
12.4 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Millennium Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Millennium Group's main balance sheet or income statement drivers, such as EBIT of 216.3 K, Net Income Applicable To Common Shares of 4.3 M or Depreciation And Amortization of 1.5 M, as well as many indicators such as Price To Sales Ratio of 0.56, Dividend Yield of 0.2 or PTB Ratio of 0.95. Millennium financial statements analysis is a perfect complement when working with Millennium Group Valuation or Volatility modules.
  
Check out the analysis of Millennium Group Correlation against competitors.

Latest Millennium Group's Total Current Liabilities Growth Pattern

Below is the plot of the Total Current Liabilities of Millennium Group International over the last few years. Total Current Liabilities is an item on Millennium Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Millennium Group International are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is the total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. Millennium Group's Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Millennium Group's overall financial position and show how it may be relating to other accounts over time.
Total Current Liabilities10 Years Trend
Slightly volatile
   Total Current Liabilities   
       Timeline  

Millennium Total Current Liabilities Regression Statistics

Arithmetic Mean41,460,385
Geometric Mean39,146,684
Coefficient Of Variation29.79
Mean Deviation10,256,071
Median49,152,438
Standard Deviation12,350,190
Sample Variance152.5T
Range32M
R-Value(0.79)
Mean Square Error60.7T
R-Squared0.63
Significance0.0004
Slope(2,192,674)
Total Sum of Squares2135.4T

Millennium Total Current Liabilities History

202427.1 M
202317.2 M
202219.1 M
202125.8 M
202041.3 M

About Millennium Group Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Millennium Group income statement, its balance sheet, and the statement of cash flows. Millennium Group investors use historical funamental indicators, such as Millennium Group's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Millennium Group investors may use each financial statement separately, they are all related. The changes in Millennium Group's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Millennium Group'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. We offer a historical overview of the basic patterns found on Millennium Group Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Millennium Group. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Current Liabilities17.2 M27.1 M

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Additional Information and Resources on Investing in Millennium Stock

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 the analysis of Millennium Group Correlation against competitors.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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
(0.03)
Revenue Per Share
4.426
Quarterly Revenue Growth
(0.37)
Return On Assets
(0.01)
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.