Milkyway Total Assets vs Net Tangible Assets Analysis

603713 Stock   53.77  1.41  2.56%   
Milkyway Chemical financial indicator trend analysis is infinitely more than just investigating Milkyway Chemical Supply recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Milkyway Chemical Supply is a good investment. Please check the relationship between Milkyway Chemical Total Assets and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Milkyway Chemical Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Assets vs Net Tangible Assets

Total Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Milkyway Chemical Supply Total Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Milkyway Chemical's Total Assets and Net Tangible Assets is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Milkyway Chemical Supply, assuming nothing else is changed. The correlation between historical values of Milkyway Chemical's Total Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Milkyway Chemical Supply are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Assets i.e., Milkyway Chemical's Total Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Milkyway Chemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Milkyway Chemical Supply books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Milkyway Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Milkyway Chemical Supply current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Milkyway Chemical Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 16, 2024, Selling General Administrative is expected to decline to about 130.3 M. In addition to that, Tax Provision is expected to decline to about 75.1 M
 2021 2022 2023 2024 (projected)
Operating Income569.8M810.4M669.7M380.6M
Total Revenue8.6B11.6B9.8B4.9B

Milkyway Chemical fundamental ratios Correlations

0.791.00.91.00.850.970.990.890.980.820.880.721.00.990.831.00.990.990.990.80.970.980.970.950.91
0.790.790.90.780.930.740.740.930.660.930.420.950.780.810.760.80.830.790.730.910.720.730.680.760.9
1.00.790.890.990.860.960.980.890.980.810.890.731.00.980.810.990.990.980.990.780.950.970.950.950.9
0.90.90.890.90.950.860.880.990.830.910.660.830.890.910.910.910.920.910.870.90.860.870.850.850.99
1.00.780.990.90.840.960.990.890.980.790.890.71.00.990.841.00.990.981.00.810.970.980.980.960.9
0.850.930.860.950.840.750.80.980.780.860.560.930.840.860.880.850.890.850.810.850.740.760.740.810.93
0.970.740.960.860.960.750.960.830.940.840.880.630.970.940.710.960.930.960.960.750.990.990.950.90.89
0.990.740.980.880.990.80.960.860.980.760.890.640.990.990.840.990.980.960.990.810.980.990.990.970.88
0.890.930.890.990.890.980.830.860.820.910.620.880.880.90.90.90.920.890.860.90.830.840.820.850.98
0.980.660.980.830.980.780.940.980.820.690.950.60.980.970.80.980.970.950.990.710.950.960.970.960.83
0.820.930.810.910.790.860.840.760.910.690.520.870.810.790.70.810.810.840.750.850.790.790.710.710.93
0.880.420.890.660.890.560.880.890.620.950.520.350.90.850.610.870.840.850.920.470.890.90.910.850.68
0.720.950.730.830.70.930.630.640.880.60.870.350.70.720.720.720.770.750.660.830.590.610.560.660.82
1.00.781.00.891.00.840.970.990.880.980.810.90.70.980.81.00.990.980.990.780.970.980.970.960.9
0.990.810.980.910.990.860.940.990.90.970.790.850.720.980.860.990.990.960.990.840.960.970.970.970.9
0.830.760.810.910.840.880.710.840.90.80.70.610.720.80.860.850.870.830.820.860.750.770.820.790.84
1.00.80.990.911.00.850.960.990.90.980.810.870.721.00.990.850.990.980.990.820.970.980.970.960.91
0.990.830.990.920.990.890.930.980.920.970.810.840.770.990.990.870.990.970.980.840.940.950.950.970.91
0.990.790.980.910.980.850.960.960.890.950.840.850.750.980.960.830.980.970.970.810.940.960.940.90.91
0.990.730.990.871.00.810.960.990.860.990.750.920.660.990.990.820.990.980.970.770.970.980.980.970.87
0.80.910.780.90.810.850.750.810.90.710.850.470.830.780.840.860.820.840.810.770.780.780.760.780.86
0.970.720.950.860.970.740.990.980.830.950.790.890.590.970.960.750.970.940.940.970.781.00.980.930.88
0.980.730.970.870.980.760.990.990.840.960.790.90.610.980.970.770.980.950.960.980.781.00.980.940.88
0.970.680.950.850.980.740.950.990.820.970.710.910.560.970.970.820.970.950.940.980.760.980.980.940.84
0.950.760.950.850.960.810.90.970.850.960.710.850.660.960.970.790.960.970.90.970.780.930.940.940.85
0.910.90.90.990.90.930.890.880.980.830.930.680.820.90.90.840.910.910.910.870.860.880.880.840.85
Click cells to compare fundamentals

Milkyway Chemical Account Relationship Matchups

Milkyway Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B3.7B7.3B9.5B11.1B11.7B
Other Current Liab217.0M520.1M1.1B1.1B561.4M447.6M
Total Current Liabilities726.3M1.6B3.3B3.7B4.8B5.1B
Total Stockholder Equity1.4B1.7B3.2B3.8B4.0B2.1B
Retained Earnings601.3M862.0M1.3B1.8B2.1B2.2B
Accounts Payable338.7M761.0M1.2B925.2M1.1B618.6M
Cash137.2M125.9M638.2M1.3B1.2B1.3B
Other Assets97.0M91.8M128.3M239.3M275.2M288.9M
Net Receivables739.5M1.2B1.9B2.0B2.1B1.2B
Good Will330.8M473.3M610.3M872.4M1.5B1.5B
Inventory10.3M18.8M77.7M266.0M791.1M830.6M
Other Current Assets114.5M228.9M569.6M352.9M233.4M206.0M
Total Liab1.1B1.9B4.1B5.6B6.8B7.1B
Intangible Assets337.9M480.1M558.9M839.2M886.4M930.7M
Property Plant Equipment674.1M835.0M1.5B2.0B2.3B2.5B
Other Liab75.9M125.0M183.2M217.8M250.5M263.0M
Net Tangible Assets766.0M758.0M2.0B2.1B2.4B2.5B
Non Current Assets Total1.4B1.9B2.8B4.0B5.4B5.6B
Non Currrent Assets Other63.4M38.1M75.3M103.4M55.2M51.0M
Long Term Debt291.1M184.1M525.0M1.5B1.5B1.6B
Non Current Liabilities Total367.0M309.1M774.2M1.9B1.9B2.0B
Other Stockholder Equity30.8M32.2M31.1M68.0M78.1M82.1M
Deferred Long Term Liab17.6M27.5M23.3M38.1M43.8M46.0M
Total Current Assets1.1B1.8B4.5B5.5B5.8B2.9B
Net Invested Capital1.8B2.1B4.5B6.7B7.9B4.0B
Short Long Term Debt120M254.0M804.5M1.4B2.4B2.5B
Non Current Liabilities Other121.8M290.5M791.7K3.8M3.1M3.0M
Net Working Capital403.1M208.4M1.2B1.8B946.5M872.1M
Net Debt273.3M312.2M691.3M1.7B2.6B2.8B

Currently Active Assets on Macroaxis

Other Information on Investing in Milkyway Stock

Balance Sheet is a snapshot of the financial position of Milkyway Chemical Supply at a specified time, usually calculated after every quarter, six months, or one year. Milkyway Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Milkyway Chemical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Milkyway currently owns. An asset can also be divided into two categories, current and non-current.