Flex Ltd. (NASDAQ:FLEX) also making a luring appeal, share price swings at $16.27 with percentage change of -1.45% in most recent trading session. Flex (FLEX) reported that it has entered into a definitive contract to acquire AGM Automotive (AGM).
The president of Automotive at Flex, Chris Obey stated that AGM is a highly respected, award-winning provider of automotive interior components and systems. “This strategic acquisition will complement and expand our automotive offerings, particularly in lighting, and will further strengthen certain key strategic consumer relationships. The addition of AGM will enhance our ability to provide consumers with more complete solutions for innovative interior lighting systems, from plastics through electronics, and drive greater growth of our dollar content per vehicle.”
The profit margin can answer significantly to find consistent trends in a firm’s earnings, the Co has positive 1.20% profit margin that indicates every dollar of sales a firm actually keeps in earnings, and the larger number indicates improving and vise worse. Gross profit margin, operating profit margin are its sub parts that firm has 6.50% and 1.80% respectively. Moving toward returns ratio, FLEX has returns on investment of 10.00% which indicates firm’s investment efficiency or to compare the efficiency of a number of different investments.
While returns on assets calculated as 2.30% that gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of 11.40%, which is measuring a corporation’s profitability by revealing how much profit generates by FLEX with the shareholders’ money. The firm attains analyst recommendation of 1.60 on scale of 1-5 with week’s performance of -2.63%.
Moving toward ratio analysis, it has current ratio of 1.30 and quick ratio was calculated as 0.70. The debt to equity ratio appeared as 1.10 for seeing its liquidity position. The firm attains analyst recommendation of 1.60 out of 1-5 scale with week’s performance of -2.63%.
Moving on tracing line, Intuit Inc. (NASDAQ:INTU) need to consider for profitability analysis, in latest session share price swings at $126.10 with percentage change of -0.28%. The Co has positive 20.00% profit margin to find consistent trends in a firm’s earnings. Gross profit margin and operating profit margin are its sub parts that firm have 84.00% and 24.50% respectively. INTU has returns on investment of 39.10%. The returns on assets were 22.20% that gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of 93.80%, which is measuring profitability by disclosing how much profit generates by INTU with the shareholders’ money.
The firm attains analyst recommendation of 2.70 on scale of 1-5 with week’s performance of 0.20%. The firm current ratio calculated as 0.60, this value is acceptable if it lies in 1.3% to 3%. But it varies industry to industry. To strengthen these views, active industry firm has Quick Ratio of 0.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 1.46, sometimes it remain same with long term debt to equity ratio.