MAF Change In Working Capital vs Net Income Analysis

MAF Stock

6.21 0.01 0.16%

MA Financial financial indicator trend analysis is infinitely more than just investigating MA Financial Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MA Financial Group is a good investment. Please check the relationship between MA Financial Change In Working Capital and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MA Financial Group. 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.

Change In Working Capital vs Net Income

Change In Working Capital vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MA Financial Group Change In Working Capital account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between MA Financial's Change In Working Capital and Net Income is -0.57. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Net Income in the same time period over historical financial statements of MA Financial Group, assuming nothing else is changed. The correlation between historical values of MA Financial's Change In Working Capital and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of MA Financial Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change In Working Capital i.e., MA Financial's Change In Working Capital and Net Income go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in MA Financial Group financial statement analysis. It represents the amount of money remaining after all of MA Financial Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from MA Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MA Financial Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MA Financial Group. 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.

At this time, MA Financial's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 36.1 M in 2024, whereas Tax Provision is likely to drop slightly above 12.1 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	141.5M	188.7M	180.0M	188.9M
Cost Of Revenue	29.5M	460.8M	1.2B	1.2B

Total Operating Expenses Cost Of Revenue

MA Financial fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Long Term Debt	Long Term Investments	Short Long Term Debt	Short Term Debt	Inventory	Other Current Liab	Other Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments
Total Assets		0.99	0.67	0.52	0.8	0.82	0.55	0.45	-0.73	1.0	0.57	0.89	0.82	0.98	0.72	0.99	0.99	1.0	-0.96	0.97	0.97	0.99	0.94	-0.86	-0.17	0.93
Total Current Liabilities	0.99		0.65	0.49	0.79	0.85	0.53	0.47	-0.76	0.99	0.59	0.86	0.84	0.97	0.72	0.99	0.99	0.99	-0.94	0.98	0.99	0.98	0.92	-0.82	-0.12	0.92
Total Stockholder Equity	0.67	0.65		0.95	0.86	0.82	0.93	0.79	-0.4	0.62	0.91	0.87	0.68	0.57	0.98	0.58	0.61	0.63	-0.55	0.59	0.66	0.55	0.45	-0.6	0.29	0.86
Net Tangible Assets	0.52	0.49	0.95		0.79	0.66	0.96	0.69	-0.11	0.46	0.8	0.82	0.46	0.45	0.88	0.42	0.46	0.51	-0.46	0.38	0.47	0.41	0.35	-0.58	0.18	0.76
Retained Earnings	0.8	0.79	0.86	0.79		0.88	0.82	0.76	-0.5	0.76	0.84	0.85	0.61	0.73	0.86	0.72	0.73	0.78	-0.7	0.72	0.78	0.71	0.62	-0.65	0.15	0.93
Accounts Payable	0.82	0.85	0.82	0.66	0.88		0.68	0.86	-0.74	0.8	0.89	0.81	0.85	0.72	0.9	0.78	0.79	0.77	-0.66	0.83	0.89	0.73	0.58	-0.53	0.38	0.91
Cash	0.55	0.53	0.93	0.96	0.82	0.68		0.7	-0.16	0.5	0.83	0.79	0.5	0.49	0.87	0.44	0.49	0.54	-0.5	0.41	0.51	0.44	0.38	-0.57	0.17	0.8
Net Receivables	0.45	0.47	0.79	0.69	0.76	0.86	0.7		-0.47	0.41	0.97	0.57	0.63	0.3	0.85	0.36	0.4	0.38	-0.23	0.46	0.56	0.3	0.12	-0.15	0.72	0.69
Other Stockholder Equity	-0.73	-0.76	-0.4	-0.11	-0.5	-0.74	-0.16	-0.47		-0.74	-0.5	-0.53	-0.82	-0.65	-0.53	-0.76	-0.74	-0.68	0.58	-0.86	-0.83	-0.7	-0.58	0.39	-0.24	-0.62
Total Liab	1.0	0.99	0.62	0.46	0.76	0.8	0.5	0.41	-0.74		0.53	0.86	0.81	0.99	0.68	0.99	0.99	0.99	-0.96	0.98	0.97	0.99	0.95	-0.85	-0.2	0.9
Total Current Assets	0.57	0.59	0.91	0.8	0.84	0.89	0.83	0.97	-0.5	0.53		0.71	0.71	0.44	0.94	0.48	0.52	0.52	-0.39	0.55	0.65	0.43	0.27	-0.33	0.58	0.8
Common Stock	0.89	0.86	0.87	0.82	0.85	0.81	0.79	0.57	-0.53	0.86	0.71		0.71	0.84	0.85	0.83	0.85	0.88	-0.83	0.8	0.83	0.82	0.78	-0.86	-0.05	0.95
Property Plant Equipment	0.82	0.84	0.68	0.46	0.61	0.85	0.5	0.63	-0.82	0.81	0.71	0.71		0.74	0.79	0.81	0.84	0.77	-0.69	0.87	0.89	0.77	0.64	-0.53	0.24	0.79
Long Term Debt	0.98	0.97	0.57	0.45	0.73	0.72	0.49	0.3	-0.65	0.99	0.44	0.84	0.74		0.61	0.98	0.98	1.0	-0.99	0.93	0.93	1.0	0.98	-0.9	-0.34	0.87
Long Term Investments	0.72	0.72	0.98	0.88	0.86	0.9	0.87	0.85	-0.53	0.68	0.94	0.85	0.79	0.61		0.64	0.67	0.67	-0.57	0.68	0.75	0.6	0.48	-0.56	0.37	0.88
Short Long Term Debt	0.99	0.99	0.58	0.42	0.72	0.78	0.44	0.36	-0.76	0.99	0.48	0.83	0.81	0.98	0.64		0.99	0.98	-0.96	0.98	0.97	0.99	0.95	-0.84	-0.21	0.87
Short Term Debt	0.99	0.99	0.61	0.46	0.73	0.79	0.49	0.4	-0.74	0.99	0.52	0.85	0.84	0.98	0.67	0.99		0.99	-0.96	0.97	0.97	0.99	0.94	-0.84	-0.19	0.89
Inventory	1.0	0.99	0.63	0.51	0.78	0.77	0.54	0.38	-0.68	0.99	0.52	0.88	0.77	1.0	0.67	0.98	0.99		-0.98	0.95	0.95	0.99	0.96	-0.89	-0.26	0.91
Other Current Liab	-0.96	-0.94	-0.55	-0.46	-0.7	-0.66	-0.5	-0.23	0.58	-0.96	-0.39	-0.83	-0.69	-0.99	-0.57	-0.96	-0.96	-0.98		-0.89	-0.88	-0.98	-0.99	0.92	0.43	-0.85
Other Liab	0.97	0.98	0.59	0.38	0.72	0.83	0.41	0.46	-0.86	0.98	0.55	0.8	0.87	0.93	0.68	0.98	0.97	0.95	-0.89		0.99	0.96	0.88	-0.75	-0.05	0.86
Property Plant And Equipment Net	0.97	0.99	0.66	0.47	0.78	0.89	0.51	0.56	-0.83	0.97	0.65	0.83	0.89	0.93	0.75	0.97	0.97	0.95	-0.88	0.99		0.94	0.85	-0.74	0.02	0.91
Net Debt	0.99	0.98	0.55	0.41	0.71	0.73	0.44	0.3	-0.7	0.99	0.43	0.82	0.77	1.0	0.6	0.99	0.99	0.99	-0.98	0.96	0.94		0.98	-0.87	-0.31	0.86
Non Current Assets Total	0.94	0.92	0.45	0.35	0.62	0.58	0.38	0.12	-0.58	0.95	0.27	0.78	0.64	0.98	0.48	0.95	0.94	0.96	-0.99	0.88	0.85	0.98		-0.92	-0.5	0.78
Non Currrent Assets Other	-0.86	-0.82	-0.6	-0.58	-0.65	-0.53	-0.57	-0.15	0.39	-0.85	-0.33	-0.86	-0.53	-0.9	-0.56	-0.84	-0.84	-0.89	0.92	-0.75	-0.74	-0.87	-0.92		0.49	-0.79
Other Assets	-0.17	-0.12	0.29	0.18	0.15	0.38	0.17	0.72	-0.24	-0.2	0.58	-0.05	0.24	-0.34	0.37	-0.21	-0.19	-0.26	0.43	-0.05	0.02	-0.31	-0.5	0.49		0.05
Cash And Short Term Investments	0.93	0.92	0.86	0.76	0.93	0.91	0.8	0.69	-0.62	0.9	0.8	0.95	0.79	0.87	0.88	0.87	0.89	0.91	-0.85	0.86	0.91	0.86	0.78	-0.79	0.05

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MA Financial Account Relationship Matchups

MA Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	513.9M	569.3M	872.9M	2.2B	3.6B	3.8B
Total Current Liabilities	90.1M	50.8M	85.7M	316.7M	449.8M	472.3M
Total Stockholder Equity	227.1M	236.9M	370.0M	409.6M	397.5M	210.6M
Net Tangible Assets	203.9M	215.2M	342.1M	224.6M	258.3M	164.7M
Retained Earnings	45.2M	57.1M	66.6M	80.5M	74.1M	77.8M
Accounts Payable	20.5M	17.8M	24.1M	64.0M	38.2M	40.1M
Cash	128.8M	138.0M	242.9M	144.6M	180.3M	100.1M
Net Receivables	113.0M	179.1M	205.7M	408.3M	86.4M	90.7M
Other Stockholder Equity	25.0M	25.1M	48.5M	(157.9M)	(92.2M)	(87.6M)
Total Liab	286.8M	332.5M	502.8M	1.8B	3.1B	3.3B
Total Current Assets	252.2M	340.0M	455.9M	720.0M	341.6M	211.6M
Common Stock	157.0M	154.6M	255.0M	275.1M	371.0M	389.5M
Property Plant Equipment	9.1M	6.8M	11.9M	67.7M	61.0M	33.2M
Long Term Debt	147.5M	240.5M	355.0M	693.6M	1.8B	1.9B
Long Term Investments	103.8M	124.0M	193.8M	287.9M	237.7M	120.4M
Short Term Debt	69.6M	33.0M	61.6M	252.7M	411.7M	432.2M
Inventory	360.8M	426.8M	625.6M	1.3B	2.5B	2.6B
Other Current Liab	(90.1M)	(68.6M)	(109.8M)	(131.1M)	(601.9M)	(571.8M)
Other Liab	9.2M	842K	2.7M	457.7M	526.4M	552.7M
Property Plant And Equipment Net	9.1M	6.8M	11.9M	67.7M	70.2M	73.8M
Net Debt	93.9M	135.4M	173.7M	860.5M	2.0B	2.1B
Non Current Assets Total	146.5M	152.4M	233.6M	540.7M	3.6B	3.8B
Non Currrent Assets Other	(2.2M)	(3.9M)	(233.6M)	(15.0M)	(503.9M)	(478.7M)
Other Assets	115.3M	77.0M	183.4M	985.6M	(398.9M)	(379.0M)
Cash And Short Term Investments	139.2M	160.9M	250.2M	311.7M	341.6M	358.6M
Liabilities And Stockholders Equity	513.9M	569.3M	872.9M	2.2B	3.6B	3.8B
Other Current Assets	(360.8M)	(426.8M)	(625.6M)	(1.3B)	(2.5B)	(2.4B)
Accumulated Other Comprehensive Income	25.0M	25.1M	48.5M	54.0M	44.7M	24.3M
Short Term Investments	10.4M	22.9M	7.3M	167.1M	161.2M	169.3M
Non Current Liabilities Total	153.0M	240.5M	356.3M	767.9M	3.1B	3.3B
Intangible Assets	13.4M	11.8M	13.9M	56.8M	54.3M	57.0M
Long Term Debt Total	153.0M	240.5M	355.0M	752.3M	865.2M	908.4M
Short Long Term Debt Total	222.7M	273.4M	416.6M	1.0B	2.2B	2.3B
Net Invested Capital	449.8M	510.3M	786.6M	1.4B	2.6B	2.8B
Capital Stock	157.0M	154.6M	255.0M	275.1M	278.7M	240.2M

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