Magic Software Enterprises Ltd asset turnover ratio, the ability of Magic Software Enterprises Ltd 's assets to generate revenue in the fourth quarter 2023, increased sequentially to 1.12 in the fourth quarter (Dec 31 2023), MGIC's balance sheet remain strong.

Within sector 30 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the fourth quarter 2023 compared to the preceding quarter from 0 to 965.

Asset Turnover Ratio Definition

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MGIC Asset Turnover Ratio	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Asset Change	-20.46 %	-14.56 %	3.45 %	3.45 %	3.45 %
Y / Y Revenue Change	-	-	-	-	-
Asset Turnover Ratio (TTM)	1.12	-	-	-	-
MGIC's Total Ranking	# 965	# 0	# 0	# 803	# 817
Seq. Asset Change	-27.94 %	10.38 %	0 %	0 %	-22.59 %
Seq. Revenue Change	-	-	-	-	-

Asset Turnover Ratio Company Ranking
Within:	No.
Software & Programming Industry	# 31
Technology Sector	# 135
Overall Market	# 965

Asset Turnover Ratio Statistics
High	Average	Low
1.02	0.83	0.73
(Dec 31 2023)		(Dec 31 2014)

MGIC Company Profile • Back to MGIC Efficiency Comparisons • Compare MGIC Asset Turnover Ratio to its Competitors

Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector	Asset Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Assets at quarter ending Dec 31 2023
Infinite Group Inc	3.69	$ 6.950 Millions	$ 1.885 Millions
Sound Group Inc	3.66	$ 291.803 Millions	$ 79.800 Millions
Compass Inc	3.64	$ 4,885.000 Millions	$ 1,340.600 Millions
Cootek cayman inc	3.45	$ 31.976 Millions	$ 9.282 Millions
Rubicon Technologies Inc	3.34	$ 697.582 Millions	$ 208.880 Millions
Veritec Inc	3.24	$ 0.313 Millions	$ 0.097 Millions
Ibex Limited	3.09	$ 911.918 Millions	$ 295.290 Millions
Qxo Inc	2.71	$ 54.517 Millions	$ 20.147 Millions
Super Micro Computer Inc	2.53	$ 9,251.170 Millions	$ 3,659.506 Millions
Microalgo Inc	2.39	$ 81.892 Millions	$ 34.210 Millions
Healthcare Triangle Inc	2.36	$ 33.203 Millions	$ 14.063 Millions
Mobivity Holdings Corp	2.32	$ 6.848 Millions	$ 2.948 Millions
Fingermotion Inc	2.31	$ 40.402 Millions	$ 17.503 Millions
Everquote Inc	2.17	$ 287.921 Millions	$ 132.601 Millions
Careview Communications Inc	2.13	$ 9.685 Millions	$ 4.538 Millions
Widepoint Corporation	2.12	$ 106.026 Millions	$ 49.947 Millions
Toast Inc	2.09	$ 3,865.000 Millions	$ 1,845.500 Millions
Microcloud Hologram Inc	2.08	$ 28.886 Millions	$ 13.892 Millions
Skkynet Cloud Systems Inc	2.05	$ 2.513 Millions	$ 1.226 Millions
Syntec Optics Holdings Inc	2.04	$ 36.025 Millions	$ 17.621 Millions
Nortech Systems Incorporated	1.99	$ 139.104 Millions	$ 69.901 Millions
Zw Data Action Technologies Inc	1.97	$ 29.654 Millions	$ 15.022 Millions
Freeze Tag Inc	1.94	$ 2.116 Millions	$ 1.090 Millions
Gse Systems Inc	1.91	$ 44.930 Millions	$ 23.579 Millions
Vizio Holding Corp	1.89	$ 1,679.300 Millions	$ 886.825 Millions
M tron Industries Inc	1.88	$ 41.168 Millions	$ 21.845 Millions
New Momentum Corporation	1.87	$ 0.182 Millions	$ 0.098 Millions
Qutoutiao Inc	1.79	$ 104.430 Millions	$ 58.228 Millions
Arlo Technologies Inc	1.77	$ 490.563 Millions	$ 277.320 Millions
Leafly Holdings Inc	1.76	$ 41.851 Millions	$ 23.834 Millions

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