Tinavi Net Working Capital vs Total Stockholder Equity Analysis

688277 Stock   10.66  0.08  0.74%   
Tinavi Medical financial indicator trend analysis is much more than just breaking down Tinavi Medical Techn prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tinavi Medical Techn is a good investment. Please check the relationship between Tinavi Medical Net Working Capital and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tinavi Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Working Capital vs Total Stockholder Equity

Net Working Capital vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tinavi Medical Techn Net Working Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tinavi Medical's Net Working Capital and Total Stockholder Equity is 0.71. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Tinavi Medical Technologies, assuming nothing else is changed. The correlation between historical values of Tinavi Medical's Net Working Capital and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Tinavi Medical Technologies are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Working Capital i.e., Tinavi Medical's Net Working Capital and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Working Capital

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Tinavi Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tinavi Medical Techn 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 Tinavi Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 11.1 M, whereas Selling General Administrative is forecasted to decline to about 105.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit106.1M102.6M149.4M126.3M
Total Revenue156.0M156.2M210.0M170.9M

Tinavi Medical fundamental ratios Correlations

-0.8-0.680.950.830.92-0.90.76-0.560.980.580.940.210.90.830.770.830.92-0.380.850.96-0.380.840.470.860.91
-0.80.98-0.94-0.59-0.950.72-0.60.85-0.77-0.5-0.78-0.55-0.91-0.63-0.94-0.83-0.770.83-0.88-0.920.32-0.89-0.79-0.75-0.9
-0.680.98-0.88-0.42-0.90.57-0.430.82-0.63-0.5-0.65-0.56-0.86-0.47-0.92-0.72-0.640.93-0.78-0.840.17-0.86-0.88-0.63-0.84
0.95-0.94-0.880.70.99-0.820.66-0.690.90.60.890.360.960.730.890.840.86-0.650.871.0-0.280.920.710.820.96
0.83-0.59-0.420.70.65-0.920.87-0.560.870.430.940.150.70.950.570.810.96-0.080.870.73-0.710.650.120.860.68
0.92-0.95-0.90.990.65-0.760.59-0.690.870.640.850.350.960.660.910.80.82-0.710.840.98-0.210.930.760.780.96
-0.90.720.57-0.82-0.92-0.76-0.960.58-0.89-0.28-0.95-0.26-0.78-0.98-0.63-0.95-0.950.23-0.89-0.850.56-0.72-0.33-0.97-0.77
0.76-0.6-0.430.660.870.59-0.96-0.520.770.060.850.280.60.970.470.90.87-0.10.820.71-0.630.520.180.920.58
-0.560.850.82-0.69-0.56-0.690.58-0.52-0.63-0.35-0.62-0.74-0.72-0.55-0.82-0.72-0.670.69-0.85-0.680.63-0.73-0.48-0.55-0.7
0.98-0.77-0.630.90.870.87-0.890.77-0.630.580.930.280.860.840.750.810.93-0.310.880.93-0.550.790.340.810.87
0.58-0.5-0.50.60.430.64-0.280.06-0.350.580.55-0.140.60.230.690.190.52-0.420.460.55-0.150.580.370.240.6
0.94-0.78-0.650.890.940.85-0.950.85-0.620.930.550.180.850.930.760.880.99-0.340.920.9-0.540.790.410.920.83
0.21-0.55-0.560.360.150.35-0.260.28-0.740.28-0.140.180.330.240.350.440.25-0.50.520.38-0.390.380.320.270.36
0.9-0.91-0.860.960.70.96-0.780.6-0.720.860.60.850.330.690.90.840.81-0.660.840.95-0.260.990.70.790.99
0.83-0.63-0.470.730.950.66-0.980.97-0.550.840.230.930.240.690.540.910.94-0.130.880.76-0.640.630.210.950.67
0.77-0.94-0.920.890.570.91-0.630.47-0.820.750.690.760.350.90.540.70.74-0.80.810.85-0.340.860.720.610.87
0.83-0.83-0.720.840.810.8-0.950.9-0.720.810.190.880.440.840.910.70.88-0.440.90.86-0.490.80.510.950.82
0.92-0.77-0.640.860.960.82-0.950.87-0.670.930.520.990.250.810.940.740.88-0.320.950.87-0.630.760.350.910.8
-0.380.830.93-0.65-0.08-0.710.23-0.10.69-0.31-0.42-0.34-0.5-0.66-0.13-0.8-0.44-0.32-0.51-0.6-0.08-0.68-0.92-0.33-0.63
0.85-0.88-0.780.870.870.84-0.890.82-0.850.880.460.920.520.840.880.810.90.95-0.510.88-0.660.810.460.870.82
0.96-0.92-0.841.00.730.98-0.850.71-0.680.930.550.90.380.950.760.850.860.87-0.60.88-0.30.910.660.850.96
-0.380.320.17-0.28-0.71-0.210.56-0.630.63-0.55-0.15-0.54-0.39-0.26-0.64-0.34-0.49-0.63-0.08-0.66-0.3-0.20.3-0.4-0.24
0.84-0.89-0.860.920.650.93-0.720.52-0.730.790.580.790.380.990.630.860.80.76-0.680.810.91-0.20.730.750.98
0.47-0.79-0.880.710.120.76-0.330.18-0.480.340.370.410.320.70.210.720.510.35-0.920.460.660.30.730.480.68
0.86-0.75-0.630.820.860.78-0.970.92-0.550.810.240.920.270.790.950.610.950.91-0.330.870.85-0.40.750.480.77
0.91-0.9-0.840.960.680.96-0.770.58-0.70.870.60.830.360.990.670.870.820.8-0.630.820.96-0.240.980.680.77
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Tinavi Medical Account Relationship Matchups

Tinavi Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets713.6M1.1B1.3B1.4B1.6B1.2B
Other Current Liab50.0M47.1M43.2M1.2M526.7K500.4K
Total Current Liabilities96.3M80.6M113.2M158.4M167.0M130.7M
Total Stockholder Equity585.3M996.0M1.0B1.0B1.2B876.7M
Other Liab7.9M20.9M12.2M50.1M57.6M60.5M
Net Tangible Assets582.6M989.8M999.3M918.2M1.1B769.4M
Retained Earnings(69.1M)(117.2M)(192.1M)(310.8M)(467.2M)(443.9M)
Accounts Payable4.2M4.0M9.6M28.5M44.1M46.3M
Cash152.6M468.4M287.1M211.4M310.9M250.2M
Non Current Assets Total186.0M325.0M771.6M1.0B1.1B567.8M
Non Currrent Assets Other3.6M116.5M308.6M175.0M6.6M6.3M
Other Assets23.4M36.0M153.4M386.5M444.4M466.6M
Net Receivables53.7M15.9M27.3M28.7M46.6M28.2M
Common Stock Shares Outstanding188.3M376.5M418.4M419.8M449.4M381.9M
Non Current Liabilities Total20.9M12.2M98.3M131.0M214.9M225.7M
Inventory32.1M34.8M37.9M43.8M26.2M34.1M
Other Current Assets16.5M12.9M11.0M20.8M32.7M34.4M
Total Liab117.3M92.7M211.5M289.4M382.0M259.0M
Deferred Long Term Liab11.4M13.4M4.8M20.2M23.3M24.4M
Net Invested Capital585.3M996.0M1.0B1.1B1.5B923.3M
Total Current Assets527.6M794.3M507.4M373.4M488.8M435.5M
Non Current Liabilities Other6.4M6.2M6.8M5.2M6.9M5.4M
Net Working Capital431.3M713.8M394.2M215.0M321.8M419.1M
Intangible Assets2.7M6.3M7.6M6.7M17.2M18.1M
Common Stock188.3M376.5M418.4M419.8M482.8M343.5M
Property Plant Equipment21.3M20.1M24.4M112.3M129.2M135.7M

Currently Active Assets on Macroaxis

Other Information on Investing in Tinavi Stock

Balance Sheet is a snapshot of the financial position of Tinavi Medical Techn at a specified time, usually calculated after every quarter, six months, or one year. Tinavi Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tinavi Medical 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 Tinavi currently owns. An asset can also be divided into two categories, current and non-current.