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Mitsubishi Electric (MIELF)

(Delayed Data from OTC)

$16.04 USD

16.04
7,657

+0.28 (1.79%)

Updated Apr 29, 2024 03:49 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 35% (89 out of 252)

Industry: Electronics - Miscellaneous Products

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Balance Sheet

Research for MIELF

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Mitsubishi Electric Corporation falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents -99,999 4,779 6,472 7,214 5,468
Receivables NA 7,782 8,405 8,524 8,284
Notes Receivable NA 0 0 0 0
Inventories NA 8,948 8,541 6,992 6,384
Other Current Assets NA 3,563 4,086 4,032 4,042
Total Current Assets NA 25,073 27,504 26,762 24,178
Net Property & Equipment NA 6,633 7,616 8,062 7,860
Investments & Advances NA 1,752 1,971 1,931 1,805
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 2,298
Intangibles NA 0 0 0 1,346
Deposits & Other Assets NA 7,853 8,370 8,346 3,082
Total Assets NA 41,311 45,461 45,100 40,570
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable NA 0 0 1,435 0
Accounts Payable NA 4,769 5,354 5,093 4,851
Current Portion Long-Term Debt NA 1,379 1,542 0 1,227
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 3,134 2,635
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 7,193 7,760 4,489 4,191
Total Current Liabilities NA 13,341 14,656 14,151 12,905
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 94
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,587 1,391 2,000 2,241
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,495 1,848 1,966 1,973
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 16,423 17,894 18,117 17,212
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1,301 1,565 1,653 1,618
Capital Surplus NA 1,501 1,804 1,906 1,866
Retained Earnings NA 19,507 21,938 21,305 19,061
Other Equity NA 2,968 2,723 2,144 840
Treasury Stock NA 390 463 24 27
Total Shareholder's Equity NA 24,888 27,567 26,984 23,358
Total Liabilities & Shareholder's Equity NA 41,311 45,461 45,100 40,570
Total Common Equity 0 24,888 27,567 26,984 23,358
Shares Outstanding 2,147.20 2,147.20 2,147.20 2,150.00 2,150.00
Book Value Per Share 0.00 11.59 12.84 12.55 10.86

Fiscal Year End for Mitsubishi Electric Corporation falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 4,390 4,560 4,691 4,779
Receivables NA 5,820 6,225 6,455 7,782
Notes Receivable NA 0 0 0 0
Inventories NA 9,101 9,060 9,733 8,948
Other Current Assets NA 4,122 3,821 4,005 3,563
Total Current Assets NA 23,433 23,666 24,884 25,073
Net Property & Equipment NA 6,352 6,452 6,677 6,633
Investments & Advances NA 1,739 1,722 1,703 1,752
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 7,883 7,568 8,114 7,853
Total Assets NA 39,407 39,408 41,378 41,311
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 1,333 0 0
Accounts Payable NA 3,806 3,981 4,469 4,769
Current Portion Long-Term Debt NA 2,075 0 1,405 1,379
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 6,261 6,747 7,005 7,193
Total Current Liabilities NA 12,142 12,062 12,879 13,341
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,762 1,469 1,575 1,587
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,450 1,544 1,495
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 15,378 14,980 15,997 16,423
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1,196 1,213 1,283 1,301
Capital Surplus NA 1,382 1,401 1,479 1,501
Retained Earnings NA 18,600 18,695 19,283 19,507
Other Equity NA 3,467 3,655 3,782 2,968
Treasury Stock NA 616 536 448 390
Total Shareholder's Equity NA 24,029 24,428 25,380 24,888
Total Liabilities & Shareholder's Equity NA 39,407 39,408 41,378 41,311
Total Common Equity 0 24,029 24,428 25,380 24,888
Shares Outstanding 2,147.20 2,147.20 2,147.20 2,147.20 2,147.20
Book Value Per Share 0.00 11.19 11.38 11.82 11.59