Magic Software Enterprises Ltd (MGIC) Return on Assets ROA from the fourth quarter of 2023 to fourth quarter of 2022 and for the year 2023, Average High and Low, Fundamental Ratios from Dec 31 2023 to Dec 31 2022 - CSIMarket
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Magic Software Enterprises Ltd   (NASDAQ: MGIC)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology


Magic Software Enterprises Ltd 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Magic Software Enterprises Ltd 's ROA in the fourth quarter of 2023?
Magic Software Enterprises Ltd achieved a return on average assets (ROA) of 8.93 % in its fourth quarter of 2023, this is above MGIC's average return on assets of 7.56%.
Magic Software Enterprises Ltd assets over the 12 months ending in its fourth quarter of 2023 are valued at $476 million

ROA fell compared to the third quarter of 2023, despite the net income growth of % from the third quarter of 2023.

However, within the Technology sector 140 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the third quarter of 2023 from to 942.

What is ROA?


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Return On Assets (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change -20.46 % -14.56 % 3.45 % 3.45 % 3.45 %
Y / Y Net Income Change -8.16 % - - - 32.59 %
Net Income (TTM) in million 43 46 46 46 46
Return On Assets (TTM) 8.93 % 9.24 % 8.84 % 8.91 % 8.98 %
MGIC's Total Ranking # 942 # # # # 967
Total Assets (TTM) in million 388 539 488 488 488
Seq. Total Assets Change -27.94 % 10.38 % 0 % 0 % -22.59 %
Seq. Net Income Change - - - - -

MGIC's 5 Years Annual ROA >> Back to MGIC Management Effectiveness >> Compare MGIC ROA to its Competitors


Return On Assets Company Ranking
Within: No.
Industry # 38
Sector # 141
Overall # 944

Return On Assets Statistics
High Average Low
10.76 %
7.56 %
5.23 %
(Dec 31 2012)   (Dec 31 2017)





Financial Statements
Magic Software Enterprises Ltd 's Assets $ 388 million MGIC's Balance sheet
Magic Software Enterprises Ltd 's Income $ 43 million Quarterly MGIC's Income Statement
MGIC's Income by Division See MGIC's Income by Division



Annual Return On Assets (Dec 31 2024)
FY 2024		 (Dec 31 2023)
FY 2023		 (Dec 31 2022)
FY 2022		 (Dec 31 2021)
FY 2021		 (Dec 31 2020)
FY 2020
Y / Y Total Assets Change -27.94 % -14.56 % 12.25 % 43.82 % -18.78 %
Total Assets in million 388 539 631 562 391
Y / Y Net Income Change 1.86 % -8.16 % 30.96 % 17.34 % 17.65 %
Net Income in million 43 43 46 35 30
Annual Return On Assets 11.15 % 7.89 % 7.34 % 6.29 % 7.71 %

MGIC's 5 Years Annual ROA >> Back to MGIC Management Effectiveness >> Compare MGIC ROA to its Competitors



Comment on MGIC's ROA in the fiscal year ending 2024
In the fiscal year 2024 ROA improved to 11.15 % compared to prior year, due to annual net income growth of 1.86 % to $43.29 million, and due to decline of value in Magic Software Enterprises Ltd 's assets by -27.94 % to $388.23 million, compared to $388.23 a year before.


More Return On Assets Ratios
MGIC's' Return on Assets at Yahoo Finance
Software & Programming Industry Return On Assets Trends and Statistics
Technology Sector Roa Statistics
Roa Trends for overall market
MGIC's Roa Ratio versus Software & Programming Industry, Technology Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for MGIC's Competitors
Subscribers only: Roa for Magic Software Enterprises Ltd 's Suppliers
Subscribers only: Return On Assets for MGIC's Customers

You may also want to know
MGIC's Roi MGIC's Inventory Turnover Ratio MGIC's Growth Rates MGIC's Dividend Comparisons
MGIC's Profitability Ratios MGIC's Asset Turnover Ratio MGIC's Dividend Growth
MGIC's Roe MGIC's Valuation Ratios MGIC's Financial Strength Ratios MGIC's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Technology Sector ROA
Arista Networks inc   24.03 %
Applied Materials Inc  23.67 %
Gravity co ltd   22.83 %
Aehr Test Systems  21.76 %
Texas Instruments Incorporated  20.98 %
Qualys Inc   20.56 %
Super Micro Computer Inc   20.01 %
Microsoft Corporation  20.01 %
Godaddy Inc   19.69 %
Cadence Design Systems Inc   19.44 %
Kla Corporation  19.34 %
Adobe Inc   19.15 %
Alphabet Inc   19.02 %
Forian Inc   19.01 %
Meta Platforms Inc   18.68 %
Monolithic Power Systems Inc  18.56 %
Yalla Group Limited  18.36 %
Allegro Microsystems Inc   18.19 %
Tower Semiconductor Ltd   17.80 %
A10 Networks Inc   17.32 %
Stmicroelectronics N v   17.27 %
Espey Mfg and Electronics Corp   17.12 %
On Semiconductor Corporation  16.96 %
Geospace Technologies Corp  16.93 %
Immersion Corporation  16.57 %
Mind Cti Ltd  16.34 %
Broadcom Inc   16.10 %
M tron Industries Inc   15.97 %
Syntec Optics Holdings Inc   15.90 %
Fortinet Inc   15.80 %

Date modified: 2024-09-03T04:04:44+00:00


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