Virax Net Working Capital from 2010 to 2024

VRAX Stock  USD 1.97  0.10  4.83%   
Virax Biolabs Net Working Capital yearly trend continues to be fairly stable with very little volatility. Net Working Capital will likely drop to about 2.1 M in 2024. During the period from 2010 to 2024, Virax Biolabs Net Working Capital regression line of annual values had r-squared of  0.35 and arithmetic mean of  59,320. View All Fundamentals
 
Net Working Capital  
First Reported
2010-12-31
Previous Quarter
4.2 M
Current Value
2.1 M
Quarterly Volatility
2.9 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Virax Biolabs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Virax Biolabs' main balance sheet or income statement drivers, such as Tax Provision of 0.0, Depreciation And Amortization of 97.9 K or Interest Expense of 28.3 K, as well as many indicators such as Price To Sales Ratio of 8.96, Dividend Yield of 0.0 or PTB Ratio of 0.29. Virax financial statements analysis is a perfect complement when working with Virax Biolabs Valuation or Volatility modules.
  
Check out the analysis of Virax Biolabs Correlation against competitors.

Latest Virax Biolabs' Net Working Capital Growth Pattern

Below is the plot of the Net Working Capital of Virax Biolabs Group over the last few years. It is Virax Biolabs' Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Virax Biolabs' overall financial position and show how it may be relating to other accounts over time.
Net Working Capital10 Years Trend
Slightly volatile
   Net Working Capital   
       Timeline  

Virax Net Working Capital Regression Statistics

Arithmetic Mean59,320
Geometric Mean1,522,496
Coefficient Of Variation4,837
Mean Deviation1,985,546
Median(1,215,124)
Standard Deviation2,869,251
Sample Variance8.2T
Range9.9M
R-Value0.60
Mean Square Error5.7T
R-Squared0.35
Significance0.02
Slope381,857
Total Sum of Squares115.3T

Virax Net Working Capital History

20242.1 M
20234.2 M
20228.7 M
2021-1.2 M
2020-831.8 K

About Virax Biolabs Financial Statements

Virax Biolabs investors use historical fundamental indicators, such as Virax Biolabs' Net Working Capital, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Virax Biolabs. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Net Working Capital4.2 M2.1 M

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Additional Tools for Virax Stock Analysis

When running Virax Biolabs' price analysis, check to measure Virax Biolabs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Virax Biolabs is operating at the current time. Most of Virax Biolabs' value examination focuses on studying past and present price action to predict the probability of Virax Biolabs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virax Biolabs' price. Additionally, you may evaluate how the addition of Virax Biolabs to your portfolios can decrease your overall portfolio volatility.