Manaksia Inventory vs Total Assets Analysis

MANAKCOAT   74.26  3.53  4.99%   
Manaksia Coated financial indicator trend analysis is infinitely more than just investigating Manaksia Coated Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manaksia Coated Metals is a good investment. Please check the relationship between Manaksia Coated Inventory and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manaksia Coated Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manaksia Coated Metals Inventory account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Manaksia Coated's Inventory and Total Assets is 0.82. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Manaksia Coated Metals, assuming nothing else is changed. The correlation between historical values of Manaksia Coated's Inventory and Total 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 Inventory of Manaksia Coated Metals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., Manaksia Coated's Inventory and Total Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

Total Assets

Total assets refers to the total amount of Manaksia Coated 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 Manaksia Coated Metals 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.
Most indicators from Manaksia Coated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manaksia Coated Metals 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 Manaksia Coated Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
As of the 1st of December 2024, Issuance Of Capital Stock is likely to grow to about 229.7 M, while Tax Provision is likely to drop about 18.4 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses6.2B6.3B6.1B3.5B
Depreciation And Amortization88.9M91.9M92.1M92.1M

Manaksia Coated fundamental ratios Correlations

0.740.980.950.960.230.850.820.770.990.970.780.920.790.830.640.570.79-0.17-0.470.760.820.730.860.360.8
0.740.690.80.690.040.680.670.580.710.690.610.660.640.530.760.310.64-0.17-0.370.550.520.640.640.370.67
0.980.690.90.940.130.890.720.820.981.00.680.910.710.80.70.710.71-0.06-0.320.670.90.750.90.20.87
0.950.80.90.860.260.720.890.70.910.890.820.780.650.70.570.370.65-0.11-0.510.60.650.650.750.270.72
0.960.690.940.860.280.880.780.730.980.940.790.990.870.890.640.580.87-0.25-0.520.850.850.790.910.450.81
0.230.040.130.260.280.160.440.060.210.140.430.260.150.32-0.17-0.320.150.19-0.440.3-0.060.270.190.26-0.05
0.850.680.890.720.880.160.570.70.870.90.60.910.70.820.870.750.70.09-0.210.670.910.790.920.220.89
0.820.670.720.890.780.440.570.560.780.690.960.680.650.630.320.040.64-0.23-0.80.620.410.470.580.440.46
0.770.580.820.70.730.060.70.560.780.80.50.710.510.440.530.590.5-0.08-0.340.460.720.730.720.020.64
0.990.710.980.910.980.210.870.780.780.980.750.940.820.860.640.620.82-0.19-0.450.80.860.750.880.380.81
0.970.691.00.890.940.140.90.690.80.980.660.920.710.820.730.730.71-0.04-0.290.680.920.780.920.20.89
0.780.610.680.820.790.430.60.960.50.750.660.730.670.670.350.070.67-0.23-0.810.640.450.520.630.440.52
0.920.660.910.780.990.260.910.680.710.940.920.730.880.90.680.640.88-0.22-0.450.860.890.820.930.440.84
0.790.640.710.650.870.150.70.650.510.820.710.670.880.840.510.41.0-0.55-0.550.980.660.620.690.770.59
0.830.530.80.70.890.320.820.630.440.860.820.670.90.840.590.530.84-0.15-0.320.830.770.620.830.530.73
0.640.760.70.570.64-0.170.870.320.530.640.730.350.680.510.590.730.520.160.060.420.780.710.760.050.88
0.570.310.710.370.58-0.320.750.040.590.620.730.070.640.40.530.730.40.140.30.360.910.610.71-0.160.82
0.790.640.710.650.870.150.70.640.50.820.710.670.881.00.840.520.4-0.55-0.540.980.660.620.690.770.59
-0.17-0.17-0.06-0.11-0.250.190.09-0.23-0.08-0.19-0.04-0.23-0.22-0.55-0.150.160.14-0.550.54-0.48-0.020.02-0.04-0.630.09
-0.47-0.37-0.32-0.51-0.52-0.44-0.21-0.8-0.34-0.45-0.29-0.81-0.45-0.55-0.320.060.3-0.540.54-0.54-0.09-0.25-0.28-0.56-0.06
0.760.550.670.60.850.30.670.620.460.80.680.640.860.980.830.420.360.98-0.48-0.540.620.60.640.80.52
0.820.520.90.650.85-0.060.910.410.720.860.920.450.890.660.770.780.910.66-0.02-0.090.620.750.920.10.93
0.730.640.750.650.790.270.790.470.730.750.780.520.820.620.620.710.610.620.02-0.250.60.750.790.10.81
0.860.640.90.750.910.190.920.580.720.880.920.630.930.690.830.760.710.69-0.04-0.280.640.920.790.190.9
0.360.370.20.270.450.260.220.440.020.380.20.440.440.770.530.05-0.160.77-0.63-0.560.80.10.10.190.01
0.80.670.870.720.81-0.050.890.460.640.810.890.520.840.590.730.880.820.590.09-0.060.520.930.810.90.01
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Manaksia Coated Account Relationship Matchups

Manaksia Coated fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B4.4B4.8B5.5B5.4B3.6B
Other Current Liab108.9M94.9M59.0M84.8M187.5M196.8M
Total Current Liabilities1.7B2.1B2.7B3.3B3.0B1.8B
Total Stockholder Equity932.4M998.6M1.1B1.2B1.5B994.5M
Net Debt1.4B1.5B1.7B1.8B1.8B1.1B
Cash8.8M23.9M46.5M4.0M4.0M3.8M
Cash And Short Term Investments98.9M150.2M235.3M253.3M220.2M231.3M
Liabilities And Stockholders Equity3.8B4.4B4.8B5.5B5.4B3.6B
Total Liab2.9B3.4B3.8B4.3B3.8B2.6B
Total Current Assets1.9B2.5B3.1B3.8B3.7B2.1B
Accumulated Other Comprehensive Income(309.5M)510.3M514.9M526.3M528.3M554.7M
Short Long Term Debt Total1.4B1.5B1.8B1.8B1.8B1.3B
Property Plant And Equipment Net1.9B1.9B1.7B1.7B1.7B1.7B
Current Deferred Revenue79.1M160.6M208.4M106.7M146.6M102.4M
Retained Earnings52.2M110.7M195.0M288.6M460.5M483.5M
Accounts Payable878.3M1.2B1.4B2.0B1.6B1.0B
Non Current Assets Total1.9B1.9B1.7B1.7B1.7B1.7B
Non Currrent Assets Other(1.9B)3.9M3.4M3.7M13.7M14.4M
Net Receivables250.9M469.9M484.0M434.9M555.4M456.6M
Non Current Liabilities Total1.2B1.2B1.0B962.5M804.5M896.8M
Inventory1.2B1.5B2.0B2.5B2.3B1.2B
Other Current Assets324.7M364.4M401.0M588.0M592.2M427.4M
Short Term Debt705.9M749.1M1.1B973.8M1.2B761.3M
Other Liab512.3M521.1M359.3M194.0M223.1M418.2M
Net Tangible Assets932.4M998.6M1.1B1.2B1.4B1.1B
Long Term Debt676.6M716.8M663.7M768.5M601.8M609.7M
Short Term Investments90.1M126.2M188.9M249.3M216.3M113.8M
Long Term Debt Total676.6M716.8M663.7M768.5M883.8M605.7M
Short Long Term Debt705.9M657.0M997.5M1.1B1.2B768.0M
Property Plant Equipment1.9B1.9B1.7B1.7B2.0B1.8B
Non Current Liabilities Other50.5M49.9M37.5M38.0M35.6M55.8M
Cash And Equivalents8.8M23.9M46.5M4.0M3.6M3.4M
Net Invested Capital2.3B2.4B2.7B3.0B3.3B2.8B
Net Working Capital219.1M359.2M396.8M443.5M631.3M376.2M

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Other Information on Investing in Manaksia Stock

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