Himax Income Quality vs Payout Ratio Analysis

HIMX Stock

USD 6.81 0.04 0.58%

Himax Technologies financial indicator trend analysis is much more than just examining Himax Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himax Technologies is a good investment. Please check the relationship between Himax Technologies Income Quality and its Payout Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax 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 population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.

Income Quality vs Payout Ratio

Income Quality vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himax Technologies Income Quality account and Payout Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Himax Technologies' Income Quality and Payout Ratio is 0.43. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Himax Technologies, assuming nothing else is changed. The correlation between historical values of Himax Technologies' Income Quality and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Himax Technologies are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Income Quality i.e., Himax Technologies' Income Quality and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Payout Ratio

Payout Ratio is the proportion of Himax Technologies earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Himax Technologies dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Himax Technologies is paying out more in dividends than it makes in net income.

Most indicators from Himax Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himax Technologies 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax 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 population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.Selling General Administrative is likely to drop to about 20.2 M in 2024. Tax Provision is likely to drop to about 82.7 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	748.6M	487.1M	263.5M	208.4M
Total Revenue	1.5B	1.2B	945.4M	799.9M

Gross Profit Total Revenue

Himax Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Other Assets	Long Term Debt
Total Assets		0.96	0.99	0.88	0.57	0.45	0.72	0.95	0.9	0.73	0.75	0.6	-0.47	0.84	0.75	0.86	0.62	1.0	0.86	0.5	0.89	0.67	0.46	0.99	0.53	0.15
Other Current Liab	0.96		0.97	0.79	0.71	0.22	0.57	0.95	0.93	0.58	0.58	0.43	-0.47	0.83	0.68	0.9	0.44	0.97	0.78	0.31	0.94	0.62	0.35	0.96	0.47	-0.06
Total Current Liabilities	0.99	0.97		0.84	0.67	0.38	0.64	0.95	0.88	0.65	0.68	0.6	-0.51	0.78	0.74	0.86	0.6	0.99	0.83	0.49	0.94	0.67	0.38	0.96	0.45	0.14
Total Stockholder Equity	0.88	0.79	0.84		0.29	0.56	0.86	0.78	0.71	0.86	0.85	0.66	-0.04	0.79	0.85	0.65	0.74	0.86	0.99	0.67	0.66	0.72	0.62	0.86	0.66	0.3
Net Debt	0.57	0.71	0.67	0.29		-0.37	-0.12	0.64	0.62	-0.1	-0.08	0.19	-0.52	0.29	0.38	0.74	0.13	0.62	0.3	0.06	0.88	0.35	-0.14	0.55	-0.12	-0.25
Accounts Payable	0.45	0.22	0.38	0.56	-0.37		0.81	0.33	0.18	0.81	0.89	0.69	-0.13	0.42	0.34	0.06	0.72	0.4	0.55	0.69	0.06	0.45	0.41	0.39	0.48	0.72
Cash	0.72	0.57	0.64	0.86	-0.12	0.81		0.6	0.55	1.0	0.95	0.58	-0.03	0.76	0.62	0.43	0.66	0.69	0.85	0.59	0.36	0.56	0.63	0.72	0.7	0.38
Non Current Assets Total	0.95	0.95	0.95	0.78	0.64	0.33	0.6		0.94	0.61	0.66	0.46	-0.47	0.84	0.58	0.81	0.47	0.96	0.74	0.35	0.9	0.72	0.34	0.95	0.49	-0.01
Non Currrent Assets Other	0.9	0.93	0.88	0.71	0.62	0.18	0.55	0.94		0.55	0.55	0.24	-0.44	0.84	0.51	0.86	0.25	0.9	0.67	0.12	0.85	0.48	0.35	0.94	0.46	-0.26
Cash And Short Term Investments	0.73	0.58	0.65	0.86	-0.1	0.81	1.0	0.61	0.55		0.95	0.57	-0.03	0.77	0.61	0.42	0.66	0.7	0.85	0.59	0.37	0.59	0.61	0.72	0.71	0.38
Net Receivables	0.75	0.58	0.68	0.85	-0.08	0.89	0.95	0.66	0.55	0.95		0.69	-0.15	0.74	0.6	0.4	0.75	0.71	0.82	0.68	0.39	0.64	0.59	0.73	0.68	0.5
Common Stock Total Equity	0.6	0.43	0.6	0.66	0.19	0.69	0.58	0.46	0.24	0.57	0.69		-0.31	0.25	0.56	0.38	0.98	0.55	0.65	0.97	0.45	0.54	0.12	0.48	0.12	0.84
Common Stock Shares Outstanding	-0.47	-0.47	-0.51	-0.04	-0.52	-0.13	-0.03	-0.47	-0.44	-0.03	-0.15	-0.31		-0.19	-0.04	-0.53	-0.16	-0.47	-0.02	-0.09	-0.57	-0.03	0.19	-0.44	0.19	-0.11
Non Current Liabilities Total	0.84	0.83	0.78	0.79	0.29	0.42	0.76	0.84	0.84	0.77	0.74	0.25	-0.19		0.6	0.67	0.34	0.85	0.77	0.19	0.64	0.64	0.64	0.88	0.75	-0.1
Inventory	0.75	0.68	0.74	0.85	0.38	0.34	0.62	0.58	0.51	0.61	0.6	0.56	-0.04	0.6		0.6	0.65	0.74	0.89	0.57	0.62	0.54	0.72	0.72	0.61	0.28
Other Current Assets	0.86	0.9	0.86	0.65	0.74	0.06	0.43	0.81	0.86	0.42	0.4	0.38	-0.53	0.67	0.6		0.37	0.86	0.65	0.25	0.91	0.32	0.22	0.87	0.2	-0.12
Other Stockholder Equity	0.62	0.44	0.6	0.74	0.13	0.72	0.66	0.47	0.25	0.66	0.75	0.98	-0.16	0.34	0.65	0.37		0.57	0.74	0.98	0.42	0.61	0.25	0.5	0.27	0.83
Total Liab	1.0	0.97	0.99	0.86	0.62	0.4	0.69	0.96	0.9	0.7	0.71	0.55	-0.47	0.85	0.74	0.86	0.57		0.85	0.45	0.91	0.69	0.44	0.98	0.53	0.1
Total Current Assets	0.86	0.78	0.83	0.99	0.3	0.55	0.85	0.74	0.67	0.85	0.82	0.65	-0.02	0.77	0.89	0.65	0.74	0.85		0.67	0.66	0.7	0.63	0.84	0.66	0.3
Common Stock	0.5	0.31	0.49	0.67	0.06	0.69	0.59	0.35	0.12	0.59	0.68	0.97	-0.09	0.19	0.57	0.25	0.98	0.45	0.67		0.32	0.55	0.17	0.38	0.16	0.87
Short Long Term Debt Total	0.89	0.94	0.94	0.66	0.88	0.06	0.36	0.9	0.85	0.37	0.39	0.45	-0.57	0.64	0.62	0.91	0.42	0.91	0.66	0.32		0.56	0.15	0.87	0.21	-0.05
Property Plant And Equipment Net	0.67	0.62	0.67	0.72	0.35	0.45	0.56	0.72	0.48	0.59	0.64	0.54	-0.03	0.64	0.54	0.32	0.61	0.69	0.7	0.55	0.56		0.35	0.6	0.54	0.3
Current Deferred Revenue	0.46	0.35	0.38	0.62	-0.14	0.41	0.63	0.34	0.35	0.61	0.59	0.12	0.19	0.64	0.72	0.22	0.25	0.44	0.63	0.17	0.15	0.35		0.5	0.85	0.05
Retained Earnings	0.99	0.96	0.96	0.86	0.55	0.39	0.72	0.95	0.94	0.72	0.73	0.48	-0.44	0.88	0.72	0.87	0.5	0.98	0.84	0.38	0.87	0.6	0.5		0.57	0.02
Other Assets	0.53	0.47	0.45	0.66	-0.12	0.48	0.7	0.49	0.46	0.71	0.68	0.12	0.19	0.75	0.61	0.2	0.27	0.53	0.66	0.16	0.21	0.54	0.85	0.57		0.03
Long Term Debt	0.15	-0.06	0.14	0.3	-0.25	0.72	0.38	-0.01	-0.26	0.38	0.5	0.84	-0.11	-0.1	0.28	-0.12	0.83	0.1	0.3	0.87	-0.05	0.3	0.05	0.02	0.03

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Himax Technologies Account Relationship Matchups

Himax Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	818.5M	909.8M	1.6B	1.7B	1.6B	1.7B
Other Current Liab	40.1M	52.2M	94.2M	123.1M	122.0M	128.1M
Total Current Liabilities	380.9M	352.2M	601.2M	694.0M	708.8M	744.2M
Total Stockholder Equity	433.0M	480.2M	869.7M	892.6M	856.8M	476.5M
Net Debt	120.3M	(22.4M)	(132.1M)	194.2M	306.4M	321.7M
Accounts Payable	114.3M	173.5M	248.4M	122.0M	107.3M	131.1M
Cash	101.1M	184.9M	336.0M	221.6M	191.7M	135.9M
Non Current Assets Total	213.8M	215.4M	410.4M	365.0M	442.8M	465.0M
Non Currrent Assets Other	5.6M	12.9M	217.8M	175.6M	242.8M	254.9M
Cash And Short Term Investments	112.1M	201.4M	364.4M	229.9M	206.4M	146.0M
Net Receivables	166.2M	244.9M	411.5M	262.4M	237.3M	217.9M
Common Stock Shares Outstanding	172.6M	173.4M	174.9M	174.8M	174.8M	142.2M
Liabilities And Stockholders Equity	818.5M	909.8M	1.6B	1.7B	1.6B	1.7B
Non Current Liabilities Total	6.3M	72.4M	130.0M	113.9M	70.9M	74.4M
Inventory	143.8M	108.7M	198.6M	370.9M	217.3M	146.2M
Other Current Assets	18.6M	139.4M	218.4M	473.6M	539.6M	566.6M
Other Stockholder Equity	96.4M	100.8M	103.1M	106.7M	109.5M	88.8M
Total Liab	387.2M	424.6M	731.2M	807.9M	779.7M	818.7M
Total Current Assets	604.7M	694.4M	1.2B	1.3B	1.2B	654.9M
Short Long Term Debt Total	221.3M	162.5M	203.9M	415.8M	498.1M	523.0M
Property Plant And Equipment Net	138.9M	132.1M	133.2M	126.1M	130.1M	80.5M
Current Deferred Revenue	5.1M	6.6M	37.7M	49.2M	552K	524.4K
Retained Earnings	230.5M	272.9M	660.3M	679.1M	640.4M	672.5M
Other Assets	20.6M	29.5M	225.0M	187.4M	(124.3K)	(118.1K)
Short Term Investments	11.0M	16.5M	28.4M	8.3M	14.6M	11.1M
Property Plant And Equipment Gross	138.9M	132.1M	303.9M	312.2M	330.6M	347.1M
Accumulated Other Comprehensive Income	(952K)	(548K)	(666K)	(218K)	(180K)	(189K)
Short Term Debt	221.3M	113.1M	162.0M	379.5M	463.6M	486.8M
Intangible Assets	8.8M	7.9M	6.6M	1.1M	816K	775.2K
Property Plant Equipment	138.4M	131.2M	133.2M	126.1M	145.1M	73.1M
Other Liab	3.6M	12.5M	83.5M	73.4M	84.5M	88.7M
Net Tangible Assets	396.1M	444.2M	835.0M	863.3M	992.8M	557.7M
Long Term Investments	18.0M	18.7M	17.4M	22.2M	26.8M	19.4M
Short Long Term Debt	221.3M	110M	157.4M	375.3M	459M	482.0M

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Himax Income Quality vs Payout Ratio Analysis

Income Quality vs Payout Ratio

Income Quality vs Payout Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Payout Ratio

Himax Technologies fundamental ratios Correlations

Himax Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Himax Technologies fundamental ratios Accounts

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Additional Tools for Himax Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity

Short Long Term Debt Total	- 0.57	Common Stock Shares Outstanding
Other Current Assets	- 0.53	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.52	Net Debt
Common Stock Shares Outstanding	- 0.51	Total Current Liabilities
Total Liab	- 0.47	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.47	Non Current Assets Total