Magic Software Enterprises (RMTHF) Short-term Investments (2010 - 2023)

Magic Software Enterprises (RMTHF) reported Short-term Investments of $751000.0 for Q4 2023, down 80.76% on a YoY basis from $3.9 million in Q4 2022, and down 80.76% quarter-over-quarter from $3.9 million in Q4 2022.

Magic Software Enterprises (RMTHF) Short-term Investments (2010 - 2023) Analysis & Trends

Magic Software Enterprises has reported Short-term Investments for 14 years, with the latest figure at $751000.0 in Q4 2023.

  • For the quarter ending Q4 2023, Short-term Investments fell 80.76% year-over-year to $751000.0; the trailing twelve-month figure through Dec 2023 stood at $751000.0 (down 80.76% YoY), and the FY2023 full-year result was $751000.0, down 80.76% from the prior year.
  • Short-term Investments for Q4 2023 stood at $751000.0, down from $3.9 million in the prior quarter.
  • The five-year high for Short-term Investments was $7.0 million in Q4 2019, with the low at $289000.0 in Q4 2020.
  • Historically, Short-term Investments has averaged $3.5 million across 5 years, with a median of $3.9 million in 2022.
  • Annual changes were most pronounced in 2020 — Short-term Investments slumped 95.87% — and 2021, when it surged 1832.87%.
  • Magic Software Enterprises' Short-term Investments stood at $7.0 million in 2019, then tumbled by 95.87% to $289000.0 in 2020, then surged by 1832.87% to $5.6 million in 2021, then slumped by 30.11% to $3.9 million in 2022, then slumped by 80.76% to $751000.0 in 2023.
  • The last three Short-term Investments figures came in at $751000.0 (Q4 2023), $3.9 million (Q4 2022), and $5.6 million (Q4 2021), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn
10 Magic Software Enterprises - - 45.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2023 751,000.00
Dec 31, 2022 3.90 Mn
Dec 31, 2021 5.59 Mn
Dec 31, 2020 289,000.00
Dec 31, 2019 7.00 Mn
Dec 31, 2018 9.91 Mn
Dec 31, 2017 14.14 Mn
Dec 31, 2016 12.51 Mn
Dec 31, 2015 11.82 Mn
Dec 31, 2014 11.92 Mn
Dec 31, 2013 854,000.00
Dec 31, 2012 890,000.00
Dec 31, 2011 1.24 Mn
Dec 31, 2010 2.86 Mn