Mindax Property Plant Equipment vs Other Current Assets Analysis

MDX Stock   0.04  0  5.00%   
Mindax financial indicator trend analysis is infinitely more than just investigating Mindax Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindax Limited is a good investment. Please check the relationship between Mindax Property Plant Equipment and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindax Limited. 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.

Property Plant Equipment vs Other Current Assets

Property Plant Equipment vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindax Limited Property Plant Equipment account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mindax's Property Plant Equipment and Other Current Assets is 0.83. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Mindax Limited, assuming nothing else is changed. The correlation between historical values of Mindax's Property Plant Equipment and Other Current 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 Property Plant Equipment of Mindax Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Property Plant Equipment i.e., Mindax's Property Plant Equipment and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant Equipment

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Mindax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindax Limited 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 Mindax Limited. 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.
Selling General Administrative is likely to drop to about 1 M in 2024. Tax Provision is likely to gain to about (155.2 K) in 2024
 2022 2023 2024 (projected)
Depreciation And Amortization11.5K64.3K67.5K
Total Revenue2.03.0K2.8K

Mindax fundamental ratios Correlations

-0.350.380.920.650.540.210.450.670.450.220.590.450.84-0.380.350.990.620.330.410.390.530.430.38-0.2-0.51
-0.350.34-0.26-0.35-0.130.04-0.24-0.080.17-0.020.170.0-0.150.13-0.1-0.36-0.610.09-0.19-0.43-0.4-0.180.04-0.20.37
0.380.340.140.64-0.210.26-0.170.140.980.20.190.220.630.35-0.190.420.20.41-0.350.180.61-0.330.16-0.26-0.58
0.92-0.260.140.330.690.320.570.750.160.230.740.550.67-0.520.470.890.420.290.560.190.170.590.52-0.24-0.13
0.65-0.350.640.330.05-0.17-0.080.150.780.21-0.08-0.110.670.0-0.130.690.780.27-0.030.690.96-0.02-0.2-0.03-0.92
0.54-0.13-0.210.690.050.080.340.47-0.210.250.380.240.13-0.890.280.440.320.130.910.24-0.150.910.22-0.170.14
0.210.040.260.32-0.170.080.280.480.16-0.060.610.820.310.110.310.21-0.30.10.02-0.49-0.220.050.84-0.160.21
0.45-0.24-0.170.57-0.080.340.280.53-0.160.060.660.570.43-0.20.360.42-0.120.160.26-0.09-0.110.30.56-0.190.1
0.67-0.080.140.750.150.470.480.530.13-0.380.830.650.7-0.510.850.67-0.01-0.240.57-0.30.070.60.640.27-0.05
0.450.170.980.160.78-0.210.16-0.160.130.20.110.140.690.33-0.20.50.360.39-0.340.310.76-0.320.07-0.2-0.73
0.22-0.020.20.230.210.25-0.060.06-0.380.2-0.08-0.08-0.020.12-0.720.170.370.9-0.130.570.12-0.13-0.1-0.87-0.03
0.590.170.190.74-0.080.380.610.660.830.11-0.080.810.64-0.230.620.57-0.250.150.29-0.43-0.170.340.82-0.20.16
0.450.00.220.55-0.110.240.820.570.650.14-0.080.810.53-0.020.460.44-0.240.190.14-0.45-0.140.180.99-0.240.11
0.84-0.150.630.670.670.130.310.430.70.69-0.020.640.53-0.030.370.870.320.240.060.10.640.090.46-0.08-0.61
-0.380.130.35-0.520.0-0.890.11-0.2-0.510.330.12-0.23-0.02-0.03-0.49-0.3-0.250.29-0.99-0.140.16-0.98-0.02-0.25-0.15
0.35-0.1-0.190.47-0.130.280.310.360.85-0.2-0.720.620.460.37-0.490.36-0.17-0.630.53-0.49-0.160.550.480.60.15
0.99-0.360.420.890.690.440.210.420.670.50.170.570.440.87-0.30.360.630.30.330.380.580.350.36-0.15-0.56
0.62-0.610.20.420.780.32-0.3-0.12-0.010.360.37-0.25-0.240.32-0.25-0.170.630.250.240.890.720.22-0.32-0.06-0.69
0.330.090.410.290.270.130.10.16-0.240.390.90.150.190.240.29-0.630.30.25-0.290.390.2-0.270.15-0.96-0.17
0.41-0.19-0.350.56-0.030.910.020.260.57-0.34-0.130.290.140.06-0.990.530.330.24-0.290.1-0.181.00.140.250.18
0.39-0.430.180.190.690.24-0.49-0.09-0.30.310.57-0.43-0.450.1-0.14-0.490.380.890.390.10.620.08-0.54-0.24-0.59
0.53-0.40.610.170.96-0.15-0.22-0.110.070.760.12-0.17-0.140.640.16-0.160.580.720.2-0.180.62-0.18-0.230.06-0.95
0.43-0.18-0.330.59-0.020.910.050.30.6-0.32-0.130.340.180.09-0.980.550.350.22-0.271.00.08-0.180.180.230.18
0.380.040.160.52-0.20.220.840.560.640.07-0.10.820.990.46-0.020.480.36-0.320.150.14-0.54-0.230.18-0.220.21
-0.2-0.2-0.26-0.24-0.03-0.17-0.16-0.190.27-0.2-0.87-0.2-0.24-0.08-0.250.6-0.15-0.06-0.960.25-0.240.060.23-0.22-0.05
-0.510.37-0.58-0.13-0.920.140.210.1-0.05-0.73-0.030.160.11-0.61-0.150.15-0.56-0.69-0.170.18-0.59-0.950.180.21-0.05
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Mindax Account Relationship Matchups

Mindax fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6M4.3M19.0M19.3M26.7M28.1M
Other Current Liab1.0M1.3M225.7K1.9K7.7K7.3K
Total Current Liabilities1.5M396.8K360.7K274.0K1.6M1.7M
Total Stockholder Equity1.1M3.9M18.6M19.0M17.7M11.1M
Accounts Payable226.0K171.2K360.7K272.0K1.6M1.7M
Cash178.8K1.2M1.7M4.6M520.0K494.0K
Net Receivables15.0K16.0K167.1K51.6K45.0K42.7K
Other Current Assets1.1K8.6K8.5K18.5K22.8K20.2K
Total Liab1.5M396.8K360.7K274.0K2.1M2.2M
Common Stock44.8M48.6M50.0M55.4M55.5M35.7M
Property Plant And Equipment Net2.4M2.9M487.8K92.6K26.1M27.4M
Net Debt(178.8K)(1.2M)(1.7M)(4.6M)(411.4K)(432.0K)
Retained Earnings(44.5M)(45.6M)(32.2M)(37.8M)(40.1M)(38.1M)
Non Current Assets Total2.4M2.9M17.3M14.6M26.1M27.4M
Cash And Short Term Investments178.8K1.2M1.7M4.6M520.0K494.0K
Common Stock Shares Outstanding989.7M1.4B1.9B2.0B2.0B2.1B
Liabilities And Stockholders Equity2.6M4.3M19.0M19.3M26.7M28.1M
Total Current Assets196.0K1.4M1.7M4.7M587.7K558.4K

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