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Merry Electronics Co Ltd
Buy, Hold or Sell?

Let's analyse Merry together

PenkeI guess you are interested in Merry Electronics Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Merry Electronics Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Merry (30 sec.)










What can you expect buying and holding a share of Merry? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.00
When do you have the money?
1 year
How often do you get paid?
70.0%

What is your share worth?

Current worth
NT$61.47
Expected worth in 1 year
NT$63.41
How sure are you?
82.5%

+ What do you gain per year?

Total Gains per Share
NT$1.94
Return On Investment
1.6%

For what price can you sell your share?

Current Price per Share
NT$118.50
Expected price per share
NT$111.00 - NT$
How sure are you?
50%

1. Valuation of Merry (5 min.)




Live pricePrice per Share (EOD)

NT$118.50

Intrinsic Value Per Share

NT$-90.89 - NT$490.75

Total Value Per Share

NT$-29.42 - NT$552.21

2. Growth of Merry (5 min.)




Is Merry growing?

Current yearPrevious yearGrowGrow %
How rich?$421.9m$388.2m$13.6m3.4%

How much money is Merry making?

Current yearPrevious yearGrowGrow %
Making money$10.3m$11.3m-$1m-10.2%
Net Profit Margin3.4%3.9%--

How much money comes from the company's main activities?

3. Financial Health of Merry (5 min.)




4. Comparing to competitors in the Consumer Electronics industry (5 min.)




  Industry Rankings (Consumer Electronics)  


Richest
#36 / 130

Most Revenue
#35 / 130

Most Profit
#31 / 130

What can you expect buying and holding a share of Merry? (5 min.)

Welcome investor! Merry's management wants to use your money to grow the business. In return you get a share of Merry.

What can you expect buying and holding a share of Merry?

First you should know what it really means to hold a share of Merry. And how you can make/lose money.

Speculation

The Price per Share of Merry is NT$118.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Merry.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Merry, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is NT$61.47. Based on the TTM, the Book Value Change Per Share is NT$0.49 per quarter. Based on the YOY, the Book Value Change Per Share is NT$1.03 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Merry.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 NT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per Share
Usd Eps0.070.1%0.050.0%0.050.0%0.060.0%0.060.1%
Usd Book Value Change Per Share0.040.0%0.020.0%0.030.0%0.020.0%0.030.0%
Usd Dividend Per Share0.000.0%0.000.0%0.090.1%0.130.1%0.140.1%
Usd Total Gains Per Share0.040.0%0.020.0%0.120.1%0.150.1%0.170.1%
Usd Price Per Share3.43-2.95-2.56-3.68-3.84-
Price to Earnings Ratio12.51-31.05-18.29-44.45-35.08-
Price-to-Total Gains Ratio84.87-46.48-37.81-10.31-0.66-
Price to Book Ratio1.78-1.61-1.45-2.16-2.95-
Price-to-Total Gains Ratio84.87-46.48-37.81-10.31-0.66-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.70905
Number of shares269
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.13
Usd Book Value Change Per Share0.020.02
Usd Total Gains Per Share0.020.15
Gains per Quarter (269 shares)4.0940.64
Gains per Year (269 shares)16.35162.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1016613626153
20332227352316
30493840978479
406554546104642
508270682131805
609886819157968
701141029551831131
8013111810922091294
9014713412282351457
10016415013642611620

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.01.00.097.5%62.01.01.096.9%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%14.06.00.070.0%26.014.00.065.0%42.022.00.065.6%
Dividend per Share0.00.04.00.0%7.00.05.058.3%14.00.06.070.0%28.00.012.070.0%38.00.026.059.4%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%17.03.00.085.0%33.07.00.082.5%51.013.00.079.7%

Fundamentals of Merry

About Merry Electronics Co Ltd

Merry Electronics Co., Ltd. engages in the manufacture, processing, repair, and sale of electric appliances, audiovisual electric products, telecommunication equipment and apparatus, computers and computing peripheral equipment, restrained telecom radio frequency equipment, medical appliances, and electronic parts and components in the United States, the Netherlands, Denmark, Switzerland, China, and internationally. It offers microphones, receivers, earphones, speakers and speaker monomers, and sound equipment; power amplifiers, charging boxes, and mobile power supply products; hearing aids and devices and acoustics equipment; medical and rehabilitation devices; cables, connectors, and electronic components; security systems; induction cookers; plastic hardware products; and moulds and antennas. The company is also involved in the research, development, and sale of software for hearing aid usage; plastic injection molding and metal stamping; international and transit trade; trading consulting; and electric wire and cable processing activities. Its products are used in mobile communication, multimedia and entertainment, and medical and healthcare applications, as well as smart homes and accessories. The company was incorporated in 1975 and is based in Taichung, Taiwan.

Fundamental data was last updated by Penke on 2024-03-25 17:45:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Merry Electronics Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Merry earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • A Net Profit Margin of 4.1% means that NT$0.04 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Merry Electronics Co Ltd:

  • The MRQ is 4.1%. The company is making a profit. +1
  • The TTM is 3.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.1%TTM3.4%+0.7%
TTM3.4%YOY3.9%-0.5%
TTM3.4%5Y4.1%-0.7%
5Y4.1%10Y6.2%-2.1%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1%2.2%+1.9%
TTM3.4%1.5%+1.9%
YOY3.9%2.6%+1.3%
5Y4.1%2.3%+1.8%
10Y6.2%2.3%+3.9%
1.1.2. Return on Assets

Shows how efficient Merry is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • 1.5% Return on Assets means that Merry generated NT$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Merry Electronics Co Ltd:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.5%TTM1.0%+0.4%
TTM1.0%YOY1.1%0.0%
TTM1.0%5Y1.3%-0.2%
5Y1.3%10Y2.1%-0.8%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%0.6%+0.9%
TTM1.0%0.5%+0.5%
YOY1.1%0.7%+0.4%
5Y1.3%0.8%+0.5%
10Y2.1%0.8%+1.3%
1.1.3. Return on Equity

Shows how efficient Merry is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • 3.8% Return on Equity means Merry generated NT$0.04 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Merry Electronics Co Ltd:

  • The MRQ is 3.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.8%TTM2.7%+1.1%
TTM2.7%YOY3.1%-0.4%
TTM2.7%5Y3.3%-0.6%
5Y3.3%10Y4.6%-1.3%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%1.5%+2.3%
TTM2.7%1.1%+1.6%
YOY3.1%1.8%+1.3%
5Y3.3%2.0%+1.3%
10Y4.6%2.0%+2.6%

1.2. Operating Efficiency of Merry Electronics Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Merry is operating .

  • Measures how much profit Merry makes for each NT$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Merry Electronics Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY2.7%-2.7%
TTM-5Y4.1%-4.1%
5Y4.1%10Y3.8%+0.3%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.3%-1.3%
TTM-1.4%-1.4%
YOY2.7%3.7%-1.0%
5Y4.1%2.9%+1.2%
10Y3.8%2.6%+1.2%
1.2.2. Operating Ratio

Measures how efficient Merry is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Consumer Electronics industry mean).
  • An Operation Ratio of 1.83 means that the operating costs are NT$1.83 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Merry Electronics Co Ltd:

  • The MRQ is 1.830. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.843. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.830TTM1.843-0.013
TTM1.843YOY1.842+0.000
TTM1.8435Y1.837+0.005
5Y1.83710Y1.524+0.313
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8301.646+0.184
TTM1.8431.650+0.193
YOY1.8421.641+0.201
5Y1.8371.600+0.237
10Y1.5241.375+0.149

1.3. Liquidity of Merry Electronics Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Merry is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Consumer Electronics industry mean).
  • A Current Ratio of 1.31 means the company has NT$1.31 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Merry Electronics Co Ltd:

  • The MRQ is 1.307. The company is just able to pay all its short-term debts.
  • The TTM is 1.469. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.307TTM1.469-0.162
TTM1.469YOY1.467+0.002
TTM1.4695Y1.420+0.049
5Y1.42010Y1.020+0.400
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3071.616-0.309
TTM1.4691.599-0.130
YOY1.4671.551-0.084
5Y1.4201.658-0.238
10Y1.0201.580-0.560
1.3.2. Quick Ratio

Measures if Merry is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • A Quick Ratio of 0.67 means the company can pay off NT$0.67 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Merry Electronics Co Ltd:

  • The MRQ is 0.666. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.637. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.666TTM0.637+0.029
TTM0.637YOY0.673-0.036
TTM0.6375Y0.670-0.033
5Y0.67010Y0.681-0.011
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6660.693-0.027
TTM0.6370.644-0.007
YOY0.6730.724-0.051
5Y0.6700.789-0.119
10Y0.6810.802-0.121

1.4. Solvency of Merry Electronics Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Merry assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Merry to Consumer Electronics industry mean.
  • A Debt to Asset Ratio of 0.59 means that Merry assets are financed with 58.7% credit (debt) and the remaining percentage (100% - 58.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Merry Electronics Co Ltd:

  • The MRQ is 0.587. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.587. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.587TTM0.587-0.001
TTM0.587YOY0.626-0.039
TTM0.5875Y0.601-0.014
5Y0.60110Y0.542+0.058
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5870.501+0.086
TTM0.5870.500+0.087
YOY0.6260.517+0.109
5Y0.6010.513+0.088
10Y0.5420.533+0.009
1.4.2. Debt to Equity Ratio

Measures if Merry is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Merry to the Consumer Electronics industry mean.
  • A Debt to Equity ratio of 151.6% means that company has NT$1.52 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Merry Electronics Co Ltd:

  • The MRQ is 1.516. The company is just able to pay all its debts with equity.
  • The TTM is 1.522. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.516TTM1.522-0.007
TTM1.522YOY1.784-0.262
TTM1.5225Y1.609-0.086
5Y1.60910Y1.301+0.308
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5160.982+0.534
TTM1.5220.968+0.554
YOY1.7841.077+0.707
5Y1.6091.073+0.536
10Y1.3011.069+0.232

2. Market Valuation of Merry Electronics Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Merry generates.

  • Above 15 is considered overpriced but always compare Merry to the Consumer Electronics industry mean.
  • A PE ratio of 12.51 means the investor is paying NT$12.51 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Merry Electronics Co Ltd:

  • The EOD is 13.537. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.509. Based on the earnings, the company is underpriced. +1
  • The TTM is 31.053. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD13.537MRQ12.509+1.028
MRQ12.509TTM31.053-18.545
TTM31.053YOY18.289+12.765
TTM31.0535Y44.449-13.395
5Y44.44910Y35.075+9.374
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD13.5378.464+5.073
MRQ12.5098.566+3.943
TTM31.0537.222+23.831
YOY18.2899.948+8.341
5Y44.44912.213+32.236
10Y35.07521.696+13.379
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Merry Electronics Co Ltd:

  • The EOD is -12.829. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -11.855. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 3.918. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-12.829MRQ-11.855-0.974
MRQ-11.855TTM3.918-15.772
TTM3.918YOY5.090-1.173
TTM3.9185Y148.226-144.308
5Y148.22610Y83.311+64.915
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD-12.8293.775-16.604
MRQ-11.8553.115-14.970
TTM3.918-0.061+3.979
YOY5.0900.726+4.364
5Y148.2260.443+147.783
10Y83.3111.202+82.109
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Merry is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Consumer Electronics industry mean).
  • A PB ratio of 1.78 means the investor is paying NT$1.78 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Merry Electronics Co Ltd:

  • The EOD is 1.928. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.781. Based on the equity, the company is underpriced. +1
  • The TTM is 1.610. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.928MRQ1.781+0.146
MRQ1.781TTM1.610+0.171
TTM1.610YOY1.450+0.160
TTM1.6105Y2.165-0.554
5Y2.16510Y2.952-0.787
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD1.9281.593+0.335
MRQ1.7811.596+0.185
TTM1.6101.614-0.004
YOY1.4501.780-0.330
5Y2.1651.970+0.195
10Y2.9522.555+0.397
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Merry Electronics Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.2900.486+166%1.028+26%0.776+66%0.926+39%
Book Value Per Share--61.46758.532+5%56.550+9%54.783+12%44.993+37%
Current Ratio--1.3071.469-11%1.467-11%1.420-8%1.020+28%
Debt To Asset Ratio--0.5870.5870%0.626-6%0.601-2%0.542+8%
Debt To Equity Ratio--1.5161.5220%1.784-15%1.609-6%1.301+17%
Dividend Per Share----0%2.961-100%4.051-100%4.578-100%
Eps--2.1881.505+45%1.659+32%1.768+24%1.976+11%
Free Cash Flow Per Share---2.3091.915-221%4.625-150%1.316-276%1.698-236%
Free Cash Flow To Equity Per Share---2.3090.898-357%1.416-263%-0.105-95%1.789-229%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--490.746--------
Intrinsic Value_10Y_min---90.886--------
Intrinsic Value_1Y_max--16.331--------
Intrinsic Value_1Y_min--4.119--------
Intrinsic Value_3Y_max--74.101--------
Intrinsic Value_3Y_min--0.993--------
Intrinsic Value_5Y_max--162.049--------
Intrinsic Value_5Y_min---14.583--------
Market Cap25992264000.000+8%24018168000.00020679566925.150+16%17947822800.000+34%25804260345.995-7%26906517447.637-11%
Net Profit Margin--0.0410.034+20%0.039+5%0.041-1%0.062-34%
Operating Margin----0%0.027-100%0.041-100%0.038-100%
Operating Ratio--1.8301.843-1%1.842-1%1.8370%1.524+20%
Pb Ratio1.928+8%1.7811.610+11%1.450+23%2.165-18%2.952-40%
Pe Ratio13.537+8%12.50931.053-60%18.289-32%44.449-72%35.075-64%
Price Per Share118.500+8%109.50094.275+16%81.825+34%117.440-7%122.567-11%
Price To Free Cash Flow Ratio-12.829-8%-11.8553.918-403%5.090-333%148.226-108%83.311-114%
Price To Total Gains Ratio91.847+8%84.87146.483+83%37.813+124%10.313+723%0.665+12667%
Quick Ratio--0.6660.637+4%0.673-1%0.670-1%0.681-2%
Return On Assets--0.0150.010+41%0.011+37%0.013+14%0.021-29%
Return On Equity--0.0380.027+40%0.031+23%0.033+15%0.046-17%
Total Gains Per Share--1.2900.486+166%3.989-68%4.827-73%5.504-77%
Usd Book Value--421996709.900401870348.225+5%388238830.450+9%376591457.235+12%309139062.838+37%
Usd Book Value Change Per Share--0.0400.015+166%0.032+26%0.024+66%0.029+39%
Usd Book Value Per Share--1.9241.832+5%1.770+9%1.715+12%1.408+37%
Usd Dividend Per Share----0%0.093-100%0.127-100%0.143-100%
Usd Eps--0.0680.047+45%0.052+32%0.055+24%0.062+11%
Usd Free Cash Flow---15854044.70013148073.625-221%31753959.550-150%9059595.635-275%11673543.928-236%
Usd Free Cash Flow Per Share---0.0720.060-221%0.145-150%0.041-276%0.053-236%
Usd Free Cash Flow To Equity Per Share---0.0720.028-357%0.044-263%-0.003-95%0.056-229%
Usd Market Cap813557863.200+8%751768658.400647270444.757+16%561766853.640+34%807673348.830-7%842173996.111-11%
Usd Price Per Share3.709+8%3.4272.951+16%2.561+34%3.676-7%3.836-11%
Usd Profit--15025032.90010331488.350+45%11388489.350+32%12167493.140+23%13582335.303+11%
Usd Revenue--367722822.900287102246.975+28%276994749.250+33%280314042.260+31%221278110.660+66%
Usd Total Gains Per Share--0.0400.015+166%0.125-68%0.151-73%0.172-77%
 EOD+5 -3MRQTTM+24 -8YOY+21 -145Y+19 -1610Y+15 -20

3.2. Fundamental Score

Let's check the fundamental score of Merry Electronics Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.537
Price to Book Ratio (EOD)Between0-11.928
Net Profit Margin (MRQ)Greater than00.041
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.666
Current Ratio (MRQ)Greater than11.307
Debt to Asset Ratio (MRQ)Less than10.587
Debt to Equity Ratio (MRQ)Less than11.516
Return on Equity (MRQ)Greater than0.150.038
Return on Assets (MRQ)Greater than0.050.015
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Merry Electronics Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.367
Ma 20Greater thanMa 50116.350
Ma 50Greater thanMa 100109.720
Ma 100Greater thanMa 200109.118
OpenGreater thanClose120.500
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in TWD. All numbers in thousands.

Summary
Total Assets32,611,193
Total Liabilities19,128,870
Total Stockholder Equity12,621,247
 As reported
Total Liabilities 19,128,870
Total Stockholder Equity+ 12,621,247
Total Assets = 32,611,193

Assets

Total Assets32,611,193
Total Current Assets20,716,546
Long-term Assets11,894,647
Total Current Assets
Cash And Cash Equivalents 5,526,722
Short-term Investments 1,175,004
Net Receivables 9,380,288
Inventory 3,821,320
Other Current Assets 470,436
Total Current Assets  (as reported)20,716,546
Total Current Assets  (calculated)20,373,770
+/- 342,776
Long-term Assets
Property Plant Equipment 4,269,089
Long-term Assets Other 84,752
Long-term Assets  (as reported)11,894,647
Long-term Assets  (calculated)4,353,841
+/- 7,540,806

Liabilities & Shareholders' Equity

Total Current Liabilities15,852,039
Long-term Liabilities3,276,831
Total Stockholder Equity12,621,247
Total Current Liabilities
Short Long Term Debt 4,561,539
Accounts payable 8,539,418
Other Current Liabilities 529,581
Total Current Liabilities  (as reported)15,852,039
Total Current Liabilities  (calculated)13,630,538
+/- 2,221,501
Long-term Liabilities
Long term Debt 1,003,177
Capital Lease Obligations Min Short Term Debt94,413
Long-term Liabilities Other 11,963
Long-term Liabilities  (as reported)3,276,831
Long-term Liabilities  (calculated)1,109,553
+/- 2,167,278
Total Stockholder Equity
Retained Earnings 3,583,885
Total Stockholder Equity (as reported)12,621,247
Total Stockholder Equity (calculated)3,583,885
+/- 9,037,362
Other
Capital Stock2,193,163
Common Stock Shares Outstanding 219,316
Net Debt 37,994
Net Invested Capital 18,185,963
Net Working Capital 4,864,507
Property Plant and Equipment Gross 4,269,089



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-06-302006-06-302005-12-312005-06-30
> Total Assets 
4,635,190
5,353,095
5,457,975
7,033,622
7,226,433
7,861,610
7,918,279
7,110,252
6,743,682
6,606,398
7,097,643
7,605,730
7,563,799
7,959,441
7,713,559
7,245,797
6,944,212
7,079,586
7,400,438
7,793,528
7,426,000
7,044,198
6,756,003
7,253,457
7,570,605
7,923,134
8,457,391
9,427,179
9,137,570
9,375,653
9,472,285
9,934,361
10,964,467
11,008,778
11,298,360
11,385,708
10,200,405
11,571,260
12,611,026
15,360,964
15,155,689
16,726,945
20,009,350
26,358,737
21,174,790
22,654,612
26,797,929
30,331,576
24,482,442
26,384,244
28,095,870
25,795,570
24,512,026
25,064,865
31,322,933
34,155,348
32,187,130
32,020,852
33,987,295
33,862,624
31,155,017
32,331,479
36,004,495
33,428,631
29,368,711
29,155,149
33,436,201
32,611,193
32,611,19333,436,20129,155,14929,368,71133,428,63136,004,49532,331,47931,155,01733,862,62433,987,29532,020,85232,187,13034,155,34831,322,93325,064,86524,512,02625,795,57028,095,87026,384,24424,482,44230,331,57626,797,92922,654,61221,174,79026,358,73720,009,35016,726,94515,155,68915,360,96412,611,02611,571,26010,200,40511,385,70811,298,36011,008,77810,964,4679,934,3619,472,2859,375,6539,137,5709,427,1798,457,3917,923,1347,570,6057,253,4576,756,0037,044,1987,426,0007,793,5287,400,4387,079,5866,944,2127,245,7977,713,5597,959,4417,563,7997,605,7307,097,6436,606,3986,743,6827,110,2527,918,2797,861,6107,226,4337,033,6225,457,9755,353,0954,635,190
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,557,078
8,844,867
10,250,208
12,015,408
17,156,216
12,165,839
13,586,168
17,303,391
21,640,870
14,759,345
16,507,153
18,008,516
15,093,477
14,874,051
15,016,738
20,248,024
22,179,549
20,217,965
19,881,447
22,202,249
22,177,403
19,480,494
20,519,825
24,007,690
21,923,311
17,711,068
17,794,635
21,623,140
20,716,546
20,716,54621,623,14017,794,63517,711,06821,923,31124,007,69020,519,82519,480,49422,177,40322,202,24919,881,44720,217,96522,179,54920,248,02415,016,73814,874,05115,093,47718,008,51616,507,15314,759,34521,640,87017,303,39113,586,16812,165,83917,156,21612,015,40810,250,2088,844,86710,557,078000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,477,187
3,718,803
3,875,873
3,580,873
6,486,139
5,401,818
4,172,704
3,742,192
8,512,129
4,805,254
4,178,222
5,312,446
6,589,863
7,137,339
6,242,503
4,191,857
3,046,963
5,321,982
5,651,209
6,266,608
4,841,969
5,521,732
5,880,028
6,183,851
6,923,268
6,206,514
5,711,810
6,248,684
5,526,722
5,526,7226,248,6845,711,8106,206,5146,923,2686,183,8515,880,0285,521,7324,841,9696,266,6085,651,2095,321,9823,046,9634,191,8576,242,5037,137,3396,589,8635,312,4464,178,2224,805,2548,512,1293,742,1924,172,7045,401,8186,486,1393,580,8733,875,8733,718,8034,477,187000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
188,714
180,712
184,128
186,713
285,272
270,000
0
0
0
349,317
215,234
442,042
218,990
206,081
208,561
1,138,190
1,140,698
1,408,351
1,307,552
464,995
1,478,768
1,948,854
1,666,532
1,822,981
826,230
832,624
1,184,224
1,224,215
1,175,004
1,175,0041,224,2151,184,224832,624826,2301,822,9811,666,5321,948,8541,478,768464,9951,307,5521,408,3511,140,6981,138,190208,561206,081218,990442,042215,234349,317000270,000285,272186,713184,128180,712188,714000000000000000000000000000000000000000
       Net Receivables 
683,882
1,067,194
1,272,155
1,895,360
2,057,127
2,197,858
2,446,160
1,661,055
1,223,178
1,134,352
1,680,192
1,635,070
1,579,186
1,746,514
1,802,787
1,977,163
1,549,734
1,636,035
2,008,238
2,088,146
1,911,099
1,826,643
1,614,230
2,026,320
2,404,128
2,382,135
2,885,043
2,978,836
2,384,638
2,561,928
3,012,255
3,267,197
2,495,391
2,608,660
3,193,055
2,931,410
2,028,291
2,776,986
3,680,927
4,319,314
3,397,861
4,181,573
4,881,408
7,407,337
2,919,200
5,675,133
9,013,075
9,412,412
5,691,066
9,210,118
9,500,828
6,067,384
5,283,674
5,809,653
10,562,033
14,025,863
8,903,188
8,465,333
9,283,985
10,602,305
6,361,063
7,587,146
10,297,808
9,101,825
5,570,177
6,731,609
8,130,030
9,380,288
9,380,2888,130,0306,731,6095,570,1779,101,82510,297,8087,587,1466,361,06310,602,3059,283,9858,465,3338,903,18814,025,86310,562,0335,809,6535,283,6746,067,3849,500,8289,210,1185,691,0669,412,4129,013,0755,675,1332,919,2007,407,3374,881,4084,181,5733,397,8614,319,3143,680,9272,776,9862,028,2912,931,4103,193,0552,608,6602,495,3913,267,1973,012,2552,561,9282,384,6382,978,8362,885,0432,382,1352,404,1282,026,3201,614,2301,826,6431,911,0992,088,1462,008,2381,636,0351,549,7341,977,1631,802,7871,746,5141,579,1861,635,0701,680,1921,134,3521,223,1781,661,0552,446,1602,197,8582,057,1271,895,3601,272,1551,067,194683,882
       Other Current Assets 
45,049
64,525
469,618
164,983
1,034,942
133,138
155,862
120,149
97,949
103,076
149,558
143,614
110,666
146,289
145,399
180,660
197,098
230,676
274,092
351,556
323,482
317,891
289,365
407,537
56,695
72,727
77,934
57,592
53,246
532,059
134,498
90,656
124,195
89,358
106,806
104,891
105,500
342,660
99,045
70,836
70,245
432,807
393,202
302,893
264,296
339,113
435,718
222,559
204,647
399,486
231,578
113,846
124,025
116,766
211,422
200,682
180,257
149,801
88,628
100,021
247,040
240,859
338,065
155,573
351,193
264,955
343,538
470,436
470,436343,538264,955351,193155,573338,065240,859247,040100,02188,628149,801180,257200,682211,422116,766124,025113,846231,578399,486204,647222,559435,718339,113264,296302,893393,202432,80770,24570,83699,045342,660105,500104,891106,80689,358124,19590,656134,498532,05953,24657,59277,93472,72756,695407,537289,365317,891323,482351,556274,092230,676197,098180,660145,399146,289110,666143,614149,558103,07697,949120,149155,862133,1381,034,942164,983469,61864,52545,049
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,723,097
9,877,091
10,087,354
10,702,093
9,637,975
10,048,127
11,074,909
11,975,799
11,969,165
12,139,405
11,785,046
11,685,221
11,674,523
11,811,654
11,996,805
11,505,320
11,657,643
11,360,514
11,813,061
11,894,647
11,894,64711,813,06111,360,51411,657,64311,505,32011,996,80511,811,65411,674,52311,685,22111,785,04612,139,40511,969,16511,975,79911,074,90910,048,1279,637,97510,702,09310,087,3549,877,0919,723,097000000000000000000000000000000000000000000000000
       Property Plant Equipment 
646,715
878,883
1,060,996
1,390,134
1,587,442
1,707,978
1,753,325
1,803,907
1,843,100
1,764,520
1,704,677
1,653,038
1,531,684
1,599,849
1,542,025
1,514,026
1,507,353
1,587,674
1,844,258
1,884,228
1,909,993
1,962,658
1,935,725
2,008,861
2,040,435
2,082,432
2,026,703
2,105,409
2,135,848
2,107,104
2,310,675
2,711,553
2,659,106
2,682,763
2,841,746
2,840,113
2,802,118
2,704,397
1,303,182
1,307,610
1,285,994
987,603
1,478,388
1,593,478
1,648,205
1,937,736
1,958,849
1,988,191
2,257,436
2,206,303
2,171,195
2,440,527
2,410,922
2,597,627
3,499,943
4,050,748
4,114,816
4,267,596
4,123,123
4,151,227
4,178,667
4,198,561
4,480,182
4,441,457
4,359,568
4,265,666
4,268,183
4,269,089
4,269,0894,268,1834,265,6664,359,5684,441,4574,480,1824,198,5614,178,6674,151,2274,123,1234,267,5964,114,8164,050,7483,499,9432,597,6272,410,9222,440,5272,171,1952,206,3032,257,4361,988,1911,958,8491,937,7361,648,2051,593,4781,478,388987,6031,285,9941,307,6101,303,1822,704,3972,802,1182,840,1132,841,7462,682,7632,659,1062,711,5532,310,6752,107,1042,135,8482,105,4092,026,7032,082,4322,040,4352,008,8611,935,7251,962,6581,909,9931,884,2281,844,2581,587,6741,507,3531,514,0261,542,0251,599,8491,531,6841,653,0381,704,6771,764,5201,843,1001,803,9071,753,3251,707,9781,587,4421,390,1341,060,996878,883646,715
       Goodwill 
0
139,735
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
139,735
0
139,735
139,735
139,735
139,735
1,242,104
931,678
922,837
931,678
946,579
937,379
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000937,379946,579931,678922,837931,6781,242,104139,735139,735139,735139,7350139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,735139,7350000000000000000000000139,7350
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,995,072
4,533,743
4,971,365
6,001,276
7,120,324
6,578,497
6,610,575
5,895,644
4,927,831
5,755,927
5,956,365
6,202,205
6,505,860
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000006,505,8606,202,2055,956,3655,755,9274,927,8315,895,6446,610,5756,578,4977,120,3246,001,2764,971,3654,533,7432,995,072000000000000000000000000000000000000000
       Intangible Assets 
130,176
194,282
192,584
199,375
194,064
194,007
196,891
237,450
242,427
237,214
239,798
290,529
287,360
284,429
280,492
274,591
272,658
266,948
264,596
267,614
221,611
256,122
251,684
245,661
179,224
263,608
257,880
270,598
265,258
264,504
266,681
321,580
315,249
345,340
365,155
352,354
411,210
399,609
365,404
392,237
391,609
297,912
354,631
372,920
360,549
209,225
211,190
669,355
590,573
566,491
539,745
565,397
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000565,397539,745566,491590,573669,355211,190209,225360,549372,920354,631297,912391,609392,237365,404399,609411,210352,354365,155345,340315,249321,580266,681264,504265,258270,598257,880263,608179,224245,661251,684256,122221,611267,614264,596266,948272,658274,591280,492284,429287,360290,529239,798237,214242,427237,450196,891194,007194,064199,375192,584194,282130,176
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
107,979
118,344
135,139
101,256
132,871
183,158
403,762
271,507
244,836
295,760
259,336
207,818
221,015
259,667
191,814
108,454
102,697
90,842
241,636
84,752
84,752241,63690,842102,697108,454191,814259,667221,015207,818259,336295,760244,836271,507403,762183,158132,871101,256135,139118,344107,979000000000000000000000000000000000000000000000000
> Total Liabilities 
1,484,065
1,839,983
1,844,767
2,883,044
2,684,761
3,875,488
3,599,777
2,708,051
2,280,264
2,538,703
2,833,914
3,126,670
2,946,417
3,643,430
3,243,270
2,814,134
2,419,605
3,115,254
3,207,938
3,441,793
2,959,000
2,658,963
2,438,764
2,750,493
2,798,130
3,344,353
3,595,605
4,072,192
3,503,635
4,151,148
3,766,779
3,833,437
4,735,322
5,702,792
5,645,245
5,575,604
4,405,926
6,071,012
6,337,776
8,415,703
6,331,174
8,465,671
9,712,233
12,654,503
8,066,467
12,562,443
16,909,070
20,252,149
12,473,363
15,068,936
15,813,311
12,797,178
14,171,747
13,923,416
19,844,684
21,884,605
21,083,423
20,919,520
22,521,915
21,708,001
19,463,609
20,300,445
23,168,037
20,372,345
17,136,343
16,714,536
20,234,272
19,128,870
19,128,87020,234,27216,714,53617,136,34320,372,34523,168,03720,300,44519,463,60921,708,00122,521,91520,919,52021,083,42321,884,60519,844,68413,923,41614,171,74712,797,17815,813,31115,068,93612,473,36320,252,14916,909,07012,562,4438,066,46712,654,5039,712,2338,465,6716,331,1748,415,7036,337,7766,071,0124,405,9265,575,6045,645,2455,702,7924,735,3223,833,4373,766,7794,151,1483,503,6354,072,1923,595,6053,344,3532,798,1302,750,4932,438,7642,658,9632,959,0003,441,7933,207,9383,115,2542,419,6052,814,1343,243,2703,643,4302,946,4173,126,6702,833,9142,538,7032,280,2642,708,0513,599,7773,875,4882,684,7612,883,0441,844,7671,839,9831,484,065
   > Total Current Liabilities 
1,390,711
1,672,656
1,705,466
2,632,905
2,380,477
3,631,187
3,401,433
2,538,328
2,094,531
2,402,294
2,728,657
3,035,943
2,841,136
3,542,723
3,130,578
2,729,766
2,339,922
3,035,201
3,086,895
3,308,942
2,814,986
2,513,405
2,307,079
2,535,620
2,505,017
3,040,225
3,279,710
3,716,993
3,158,745
3,808,677
3,398,977
3,422,954
2,905,698
3,862,667
3,818,363
3,693,363
2,584,586
4,218,044
4,389,368
6,407,330
5,818,501
7,923,493
9,125,359
12,035,053
7,451,662
11,931,439
15,849,624
16,177,542
8,487,734
11,185,170
11,941,380
8,963,745
10,207,870
9,986,211
15,966,811
19,660,268
18,604,551
18,473,376
16,697,277
15,866,052
13,822,423
13,962,645
16,720,369
14,123,959
11,031,996
10,669,413
16,673,231
15,852,039
15,852,03916,673,23110,669,41311,031,99614,123,95916,720,36913,962,64513,822,42315,866,05216,697,27718,473,37618,604,55119,660,26815,966,8119,986,21110,207,8708,963,74511,941,38011,185,1708,487,73416,177,54215,849,62411,931,4397,451,66212,035,0539,125,3597,923,4935,818,5016,407,3304,389,3684,218,0442,584,5863,693,3633,818,3633,862,6672,905,6983,422,9543,398,9773,808,6773,158,7453,716,9933,279,7103,040,2252,505,0172,535,6202,307,0792,513,4052,814,9863,308,9423,086,8953,035,2012,339,9222,729,7663,130,5783,542,7232,841,1363,035,9432,728,6572,402,2942,094,5312,538,3283,401,4333,631,1872,380,4772,632,9051,705,4661,672,6561,390,711
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,859,184
1,051,760
362,702
35,465
14,955
1,872,648
1,536,220
0
0
514,661
742,415
2,510,003
470,964
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000470,9642,510,003742,415514,661001,536,2201,872,64814,95535,465362,7021,051,7601,859,184000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,859,184
1,051,760
362,702
35,465
14,955
1,872,648
1,536,220
0
0
514,661
742,415
2,510,003
470,964
1,048,227
665,834
2,606,738
3,271,489
3,771,844
5,479,744
2,564,555
3,797,252
3,883,941
3,726,071
3,838,165
2,598,770
1,262,784
920,331
4,094,740
4,561,539
4,561,5394,094,740920,3311,262,7842,598,7703,838,1653,726,0713,883,9413,797,2522,564,5555,479,7443,771,8443,271,4892,606,738665,8341,048,227470,9642,510,003742,415514,661001,536,2201,872,64814,95535,465362,7021,051,7601,859,184000000000000000000000000000000000000000
       Accounts payable 
321,558
672,696
880,940
1,402,092
1,213,571
1,436,676
1,993,257
1,494,051
819,972
886,032
1,514,682
1,549,502
1,409,235
1,597,162
1,866,368
1,613,237
1,426,929
1,545,957
1,773,050
2,238,778
1,620,345
1,238,925
1,409,966
1,720,857
1,657,960
1,754,699
2,296,118
2,630,894
1,980,116
2,079,017
2,558,115
2,500,387
1,990,604
1,884,358
2,632,594
2,596,215
1,722,134
2,612,694
3,444,307
4,914,213
3,561,662
4,328,917
6,142,619
8,135,051
4,202,557
5,990,268
9,333,219
9,743,504
6,479,316
7,082,874
7,901,120
6,693,766
5,040,720
5,605,131
10,036,324
10,634,407
8,189,040
6,961,425
8,860,354
9,342,878
6,383,311
7,096,859
10,366,401
9,214,787
6,699,519
6,955,055
10,404,333
8,539,418
8,539,41810,404,3336,955,0556,699,5199,214,78710,366,4017,096,8596,383,3119,342,8788,860,3546,961,4258,189,04010,634,40710,036,3245,605,1315,040,7206,693,7667,901,1207,082,8746,479,3169,743,5049,333,2195,990,2684,202,5578,135,0516,142,6194,328,9173,561,6624,914,2133,444,3072,612,6941,722,1342,596,2152,632,5941,884,3581,990,6042,500,3872,558,1152,079,0171,980,1162,630,8942,296,1181,754,6991,657,9601,720,8571,409,9661,238,9251,620,3452,238,7781,773,0501,545,9571,426,9291,613,2371,866,3681,597,1621,409,2351,549,5021,514,682886,032819,9721,494,0511,993,2571,436,6761,213,5711,402,092880,940672,696321,558
       Other Current Liabilities 
663,482
177,719
608,156
786,750
348,205
1,110,115
482,384
343,825
379,341
702,980
448,371
503,032
365,743
925,915
390,028
472,162
335,435
952,069
364,860
421,668
451,631
707,897
442,956
495,241
518,917
850,619
584,461
773,177
741,159
1,464,596
840,862
922,567
915,094
1,835,415
1,031,012
961,243
767,982
1,512,902
855,894
1,111,346
1,205,079
3,231,874
1,091,962
1,712,429
1,376,457
3,748,913
854,727
830,575
277,559
265,806
312,021
988,772
3,442,126
2,870,180
2,183,728
2,288,186
3,832,339
3,251,308
2,458,294
2,043,190
3,555,171
2,400,768
1,898,506
1,706,570
354,425
2,794,027
487,876
529,581
529,581487,8762,794,027354,4251,706,5701,898,5062,400,7683,555,1712,043,1902,458,2943,251,3083,832,3392,288,1862,183,7282,870,1803,442,126988,772312,021265,806277,559830,575854,7273,748,9131,376,4571,712,4291,091,9623,231,8741,205,0791,111,346855,8941,512,902767,982961,2431,031,0121,835,415915,094922,567840,8621,464,596741,159773,177584,461850,619518,917495,241442,956707,897451,631421,668364,860952,069335,435472,162390,028925,915365,743503,032448,371702,980379,341343,825482,3841,110,115348,205786,750608,156177,719663,482
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,985,629
3,883,766
3,871,931
3,833,433
3,963,877
3,937,205
3,877,873
2,224,337
2,478,872
2,446,144
5,824,638
5,841,949
5,641,186
6,337,800
6,447,668
6,248,386
6,104,347
6,045,123
3,561,041
3,276,831
3,276,8313,561,0416,045,1236,104,3476,248,3866,447,6686,337,8005,641,1865,841,9495,824,6382,446,1442,478,8722,224,3373,877,8733,937,2053,963,8773,833,4333,871,9313,883,7663,985,629000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,859,184
-1,051,760
-362,702
-35,465
-14,955
-1,872,648
-1,536,220
0
0
-404,116
-652,843
-2,425,628
-382,270
83,484
97,213
142,280
115,044
91,104
72,719
70,138
66,004
62,629
57,959
151,317
140,904
125,152
122,518
110,028
94,413
94,413110,028122,518125,152140,904151,31757,95962,62966,00470,13872,71991,104115,044142,28097,21383,484-382,270-2,425,628-652,843-404,11600-1,536,220-1,872,648-14,955-35,465-362,702-1,051,760-1,859,184000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
418,448
416,866
415,347
410,007
415,902
421,349
32,403
46,383
42,972
44,608
56,444
29,309
21,729
51,091
27,091
26,413
24,641
25,790
27,105
11,963
11,96327,10525,79024,64126,41327,09151,09121,72929,30956,44444,60842,97246,38332,403421,349415,902410,007415,347416,866418,448000000000000000000000000000000000000000000000000
> Total Stockholder Equity
3,134,887
3,493,697
3,595,754
4,128,287
4,518,108
3,964,915
4,296,431
4,381,691
4,442,131
4,047,872
4,246,442
4,460,456
4,600,692
4,299,317
4,453,607
4,414,381
4,507,550
3,944,493
4,175,547
4,337,822
4,457,582
4,374,989
4,299,728
4,492,818
4,763,128
4,574,244
4,856,992
5,344,728
5,613,171
5,191,875
5,663,074
6,052,090
6,169,551
5,259,541
5,585,244
5,796,752
5,794,408
5,500,178
6,273,176
6,945,180
8,824,437
8,261,194
10,297,040
13,704,152
13,108,244
10,092,089
9,827,352
9,930,816
11,869,323
11,179,350
12,118,322
12,833,977
10,185,873
10,634,992
10,985,963
11,771,696
10,570,800
10,640,912
10,981,042
11,614,131
11,085,996
11,310,102
12,032,581
12,272,437
11,451,808
11,628,650
12,337,530
12,621,247
12,621,24712,337,53011,628,65011,451,80812,272,43712,032,58111,310,10211,085,99611,614,13110,981,04210,640,91210,570,80011,771,69610,985,96310,634,99210,185,87312,833,97712,118,32211,179,35011,869,3239,930,8169,827,35210,092,08913,108,24413,704,15210,297,0408,261,1948,824,4376,945,1806,273,1765,500,1785,794,4085,796,7525,585,2445,259,5416,169,5516,052,0905,663,0745,191,8755,613,1715,344,7284,856,9924,574,2444,763,1284,492,8184,299,7284,374,9894,457,5824,337,8224,175,5473,944,4934,507,5504,414,3814,453,6074,299,3174,600,6924,460,4564,246,4424,047,8724,442,1314,381,6914,296,4313,964,9154,518,1084,128,2873,595,7543,493,6973,134,887
   Common Stock
1,317,816
1,318,822
1,323,852
1,439,447
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,590,897
1,591,037
1,591,272
1,591,272
1,591,272
1,579,351
1,579,351
1,579,351
1,579,351
1,658,498
1,658,568
1,660,193
1,660,193
1,762,165
1,762,165
1,762,165
1,762,165
1,850,273
1,850,273
1,850,273
1,850,273
1,850,273
1,850,273
1,850,273
1,850,273
1,850,273
1,850,625
1,938,235
1,977,334
2,002,969
2,004,721
2,007,670
2,007,454
1,988,502
1,996,625
2,054,565
2,065,855
2,070,661
2,086,684
2,085,944
2,085,514
2,093,519
2,093,332
2,092,776
2,096,826
2,110,570
2,165,100
2,164,702
2,163,994
2,180,521
2,177,827
0
0
0
0
00002,177,8272,180,5212,163,9942,164,7022,165,1002,110,5702,096,8262,092,7762,093,3322,093,5192,085,5142,085,9442,086,6842,070,6612,065,8552,054,5651,996,6251,988,5022,007,4542,007,6702,004,7212,002,9691,977,3341,938,2351,850,6251,850,2731,850,2731,850,2731,850,2731,850,2731,850,2731,850,2731,850,2731,850,2731,762,1651,762,1651,762,1651,762,1651,660,1931,660,1931,658,5681,658,4981,579,3511,579,3511,579,3511,579,3511,591,2721,591,2721,591,2721,591,0371,590,8971,590,8971,590,8971,590,8971,590,8971,590,8971,590,8971,590,8971,590,8971,590,8971,439,4471,323,8521,318,8221,317,816
   Retained Earnings 
416,172
700,187
579,948
900,169
1,231,571
579,933
842,168
881,460
888,042
464,602
693,654
939,621
1,088,586
712,607
897,021
973,072
1,016,438
420,347
437,708
591,635
753,134
623,414
513,850
724,116
1,787,672
1,451,242
1,767,089
2,212,539
2,486,849
2,035,366
2,432,857
2,710,988
2,774,582
1,914,661
2,169,717
2,438,103
2,476,500
2,203,794
3,120,268
3,858,685
4,177,927
2,981,706
3,596,929
5,738,283
5,984,404
2,937,618
3,778,246
4,998,048
3,604,752
2,423,183
3,312,514
5,849,354
4,340,793
4,682,071
5,133,701
5,708,915
4,661,591
4,772,808
5,230,407
5,771,654
5,015,903
5,408,550
5,994,848
6,370,190
2,430,099
5,807,515
3,048,664
3,583,885
3,583,8853,048,6645,807,5152,430,0996,370,1905,994,8485,408,5505,015,9035,771,6545,230,4074,772,8084,661,5915,708,9155,133,7014,682,0714,340,7935,849,3543,312,5142,423,1833,604,7524,998,0483,778,2462,937,6185,984,4045,738,2833,596,9292,981,7064,177,9273,858,6853,120,2682,203,7942,476,5002,438,1032,169,7171,914,6612,774,5822,710,9882,432,8572,035,3662,486,8492,212,5391,767,0891,451,2421,787,672724,116513,850623,414753,134591,635437,708420,3471,016,438973,072897,021712,6071,088,586939,621693,654464,602888,042881,460842,168579,9331,231,571900,169579,948700,187416,172
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000-98,743-98,743-98,743-103,058-103,058-103,058-103,058-103,058-103,058-103,058-103,058-103,058-6,774000000000000000-61,144-61,144-61,144-61,144-61,144-61,144-61,144-61,144-61,144-61,144-61,144-61,144000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-184,579
567,795
734,720
1,886,218
3,074,587
2,223,269
2,257,157
1,522,354
147,032
968,117
1,098,367
1,074,110
1,027,834
-98,473
13,856
-209,692
9,326
-135,665
-335,667
-696,672
-969,246
-599,993
-900,928
-897,809
-996,446
0
-1,081,033
0
0
00-1,081,0330-996,446-897,809-900,928-599,993-969,246-696,672-335,667-135,6659,326-209,69213,856-98,4731,027,8341,074,1101,098,367968,117147,0321,522,3542,257,1572,223,2693,074,5871,886,218734,720567,795-184,579000000000000000000000000000000000000000



Balance Sheet

Currency in TWD. All numbers in thousands.




Cash Flow

Currency in TWD. All numbers in thousands.




Income Statement

Currency in TWD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue36,690,383
Cost of Revenue-31,948,416
Gross Profit4,741,9674,741,967
 
Operating Income (+$)
Gross Profit4,741,967
Operating Expense-35,556,200
Operating Income1,134,183-30,814,233
 
Operating Expense (+$)
Research Development1,964,625
Selling General Administrative1,643,159
Selling And Marketing Expenses0
Operating Expense35,556,2003,607,784
 
Net Interest Income (+$)
Interest Income136,805
Interest Expense-100,497
Other Finance Cost-0
Net Interest Income36,308
 
Pretax Income (+$)
Operating Income1,134,183
Net Interest Income36,308
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,885,4951,134,183
EBIT - interestExpense = -100,497
1,320,318
1,420,815
Interest Expense100,497
Earnings Before Interest and Taxes (EBIT)01,985,992
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax1,885,495
Tax Provision-467,598
Net Income From Continuing Ops1,417,8971,417,897
Net Income1,320,318
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-36,308
 

Technical Analysis of Merry
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Merry. The general trend of Merry is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Merry's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Merry Electronics Co Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: .

The bearish price targets are: 119.00 > 118.50 > 111.00.

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Merry Electronics Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Merry Electronics Co Ltd. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Merry Electronics Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Merry Electronics Co Ltd. The current macd is 2.78758978.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Merry price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Merry. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Merry price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Merry Electronics Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMerry Electronics Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Merry Electronics Co Ltd. The current adx is 36.52.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Merry shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Merry Electronics Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Merry Electronics Co Ltd. The current sar is 115.29.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Merry Electronics Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Merry Electronics Co Ltd. The current rsi is 58.37. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Merry Electronics Co Ltd Daily Relative Strength Index (RSI) ChartMerry Electronics Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Merry Electronics Co Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Merry price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Merry Electronics Co Ltd Daily Stochastic Oscillator ChartMerry Electronics Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Merry Electronics Co Ltd. The current cci is 64.80.

Merry Electronics Co Ltd Daily Commodity Channel Index (CCI) ChartMerry Electronics Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Merry Electronics Co Ltd. The current cmo is 11.05.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Merry Electronics Co Ltd Daily Chande Momentum Oscillator (CMO) ChartMerry Electronics Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Merry Electronics Co Ltd. The current willr is -37.5.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Merry is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Merry Electronics Co Ltd Daily Williams %R ChartMerry Electronics Co Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Merry Electronics Co Ltd.

Merry Electronics Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Merry Electronics Co Ltd. The current atr is 2.95935991.

Merry Electronics Co Ltd Daily Average True Range (ATR) ChartMerry Electronics Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Merry Electronics Co Ltd. The current obv is 126,827,738.

Merry Electronics Co Ltd Daily On-Balance Volume (OBV) ChartMerry Electronics Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Merry Electronics Co Ltd. The current mfi is 83.04.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Merry Electronics Co Ltd Daily Money Flow Index (MFI) ChartMerry Electronics Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Merry Electronics Co Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-14MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-18MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Merry Electronics Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Merry Electronics Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.367
Ma 20Greater thanMa 50116.350
Ma 50Greater thanMa 100109.720
Ma 100Greater thanMa 200109.118
OpenGreater thanClose120.500
Total5/5 (100.0%)
Penke

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