Magic Software Enterprises Ltd (MGIC) Return on Investment ROI from the fourth quarter of 2023 to fourth quarter of 2022 and for the year 2023, average high and low, overall ranking 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 ROI from its fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

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

What is Magic Software Enterprises Ltd's ROI in the fourth quarter of 2023?
Magic Software Enterprises Ltd achieved a return on average invested assets (ROI) of 13.97 % in its fourth quarter of 2023, this is above MGIC's average return on investment of 9.27%.
Magic Software Enterprises Ltd invested over the 12 months ending in its fourth quarter of 2023 $304 million

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

Within the Technology sector 90 other companies had a higher return on investment. While return on investment, the total ranking has deteriorated compared to the third quarter of 2023 from 0 to 601.

Definition and Formula of Return on Investment


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Return On Investment (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Investment Change TTM 4.32 % 5.09 % -6.28 % -15.77 % -23.69 %
Y / Y Net Income Change TTM -8.16 % 32.59 % 32.59 % 32.59 % 32.59 %
Investment (TTM) in Millions 309 303 303 303 303
Return On Investment (TTM) 13.97 % 15.3 % 15.48 % 15.68 % 15.87 %
MGIC's Overall Ranking # 601 # 0 # 0 # 0 # 599
Seq. Investment Change TTM 0.53 % 1.23 % 1.24 % 1.26 % 1.27 %
Seq. Net Income Change TTM -8.16 % 0 % 0 % 0 % 32.59 %
Net Income (TTM) in Millions 43 46 46 46 46

MGIC Company Profile >> Back to MGIC Roi Comparisons >> See Annual MGIC Return On Investment



Return On Investment MGIC's Ranking
Within: No.
Industry # 22
Sector # 91
Overall # 601

Return On Investment Statistics
High Average Low
16.07 %
9.27 %
5.79 %
(Dec 31 2022)   (Dec 31 2017)







Financial Statements
Magic Software Enterprises Ltd's IV. Quarter Investments $ 309 Millions MGIC's Balance sheet
Magic Software Enterprises Ltd's IV. Quarter Income $ 43 Millions Quarterly MGIC's Income Statement
MGIC's Income by Division See MGIC's Income by Division


MGIC Annual Return On Investment (Dec 31 2024)
2024		 (Dec 31 2023)
2023		 (Dec 31 2022)
2022		 (Dec 31 2021)
2021		 (Dec 31 2020)
2020
Total Investments in Millions 309 303 288 412 388
Y / Y Investment Growth 2.1 % 5.09 % -30.13 % 6.12 % 8.01 %
Net Income in Millions 43 43 46 35 30
Y / Y Net Income Growth 1.86 % -8.16 % 30.96 % 17.34 % 17.65 %
Annual Return On Investment 14.01 % 14.05 % 16.07 % 8.58 % 7.76 %


Annual Roi Comment
In the fiscal year 2024 ROI deteriorated to 14.01 %, despite net income growth.

Definition and Formula of Return on Investment

Other ROI Ratios
Software & Programming Industry Roi Trends and Statistics
Technology Sector Return On Investment Statistics
Roi Trends for overall market
MGIC's Roi Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Return On Investment
Lowest Ranking Return On Investment
Subscribers only: Roi for MGIC's Competitors
Subscribers only: Roi for Magic Software Enterprises Ltd's Suppliers
Subscribers only: Return On Investment for MGIC's Customers

Other Ratios
MGIC's Roa MGIC's Inventory Turnover Ratio MGIC's Growth Rates MGIC's Dividend Statistics
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 Investment at Dec 31 2023, within Technology Sector ROI
Lattice Semiconductor Corp  37.42 %
Ubiquiti Inc   34.60 %
Nve Corp  32.18 %
Rambus Inc  32.10 %
Super Micro Computer Inc   31.84 %
Applied Materials Inc  31.77 %
Parkervision Inc  31.42 %
Fortinet Inc   30.76 %
Arista Networks inc   30.09 %
Mmtec Inc  29.65 %
Napco Security Technologies inc  29.43 %
Cadence Design Systems Inc   27.74 %
Motorola Solutions inc   27.66 %
Gravity co ltd   27.59 %
Adobe Inc   26.70 %
A10 Networks Inc   25.97 %
Kla Corporation  25.77 %
Aehr Test Systems  25.67 %
Microsoft Corporation  25.49 %
Dropbox Inc   25.21 %
Gorilla Technology Group Inc   24.87 %
Alphabet Inc   23.77 %
Autodesk Inc   23.63 %
Texas Instruments Incorporated  23.34 %
Thomson Reuters Corporation  23.06 %
Espey Mfg and Electronics Corp   22.74 %
Box Inc   22.48 %
Check Point Software Technologies Ltd   22.23 %
Gartner Inc   22.15 %
Forian Inc   22.14 %

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



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