MIC Total Current Assets vs Inventory Analysis

MICEL Stock

83.98 0.07 0.08%

MIC Electronics financial indicator trend analysis is infinitely more than just investigating MIC Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIC Electronics is a good investment. Please check the relationship between MIC Electronics Total Current Assets and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIC Electronics 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 bureau of economic analysis.

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MIC Electronics Total Current Assets account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between MIC Electronics' Total Current Assets and Inventory is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of MIC Electronics Limited, assuming nothing else is changed. The correlation between historical values of MIC Electronics' Total Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of MIC Electronics Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Assets i.e., MIC Electronics' Total Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Inventory

Most indicators from MIC Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MIC Electronics 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 MIC Electronics 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 bureau of economic analysis.

As of the 1st of December 2024, Selling General Administrative is likely to grow to about 12.5 M, though Tax Provision is likely to grow to (419 M).

	2021	2022	2023	2024 (projected)
Interest Expense	18.7M	7.9M	16.5M	15.7M
Depreciation And Amortization	29.1M	23.7M	15.4M	14.6M

Interest Expense Depreciation And Amortization

MIC Electronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt	Net Receivables	Short Term Investments	Accounts Payable	Current Deferred Revenue
Total Assets		0.73	0.33	0.58	0.84	0.92	0.67	0.05	0.94	0.22	0.04	-0.04	-0.64	0.73	0.93	0.58	-0.51	0.66	0.99	0.49	-0.78	0.49	0.77	-0.97	0.75	-0.34
Short Long Term Debt Total	0.73		0.39	0.93	0.27	0.87	0.99	-0.29	0.76	0.52	-0.3	-0.34	-0.74	0.4	0.81	0.15	-0.42	0.95	0.66	0.27	-0.42	0.89	0.39	-0.71	0.93	0.32
Other Current Liab	0.33	0.39		0.54	0.03	0.28	0.26	0.59	0.15	0.21	0.59	0.58	-0.72	0.22	0.26	0.5	-0.38	0.55	0.4	0.23	-0.52	0.32	0.53	-0.23	0.59	0.27
Total Current Liabilities	0.58	0.93	0.54		0.04	0.69	0.89	-0.12	0.57	0.55	-0.12	-0.14	-0.76	0.2	0.64	0.13	-0.37	0.99	0.53	0.11	-0.37	0.95	0.36	-0.51	0.96	0.52
Total Stockholder Equity	0.84	0.27	0.03	0.04		0.66	0.23	0.13	0.78	-0.05	0.13	0.04	-0.25	0.7	0.71	0.62	-0.37	0.14	0.85	0.5	-0.72	-0.02	0.71	-0.84	0.28	-0.77
Property Plant And Equipment Net	0.92	0.87	0.28	0.69	0.66		0.84	-0.2	0.92	0.24	-0.21	-0.28	-0.68	0.69	0.93	0.41	-0.41	0.76	0.87	0.56	-0.64	0.61	0.62	-0.94	0.8	-0.12
Net Debt	0.67	0.99	0.26	0.89	0.23	0.84		-0.45	0.74	0.51	-0.46	-0.49	-0.65	0.37	0.79	0.02	-0.36	0.91	0.58	0.24	-0.31	0.87	0.26	-0.67	0.87	0.33
Cash	0.05	-0.29	0.59	-0.12	0.13	-0.2	-0.45		-0.21	-0.1	1.0	0.99	-0.26	0.02	-0.17	0.66	-0.17	-0.11	0.19	0.07	-0.47	-0.24	0.54	0.07	-0.01	-0.16
Non Current Assets Total	0.94	0.76	0.15	0.57	0.78	0.92	0.74	-0.21		0.19	-0.22	-0.3	-0.52	0.69	0.89	0.39	-0.47	0.64	0.88	0.44	-0.59	0.53	0.6	-0.93	0.71	-0.29
Non Currrent Assets Other	0.22	0.52	0.21	0.55	-0.05	0.24	0.51	-0.1	0.19		-0.1	-0.1	-0.27	-0.34	0.39	-0.06	-0.21	0.48	0.23	-0.31	-0.24	0.55	0.06	-0.19	0.49	0.25
Cash And Short Term Investments	0.04	-0.3	0.59	-0.12	0.13	-0.21	-0.46	1.0	-0.22	-0.1		1.0	-0.25	0.02	-0.17	0.66	-0.16	-0.12	0.19	0.08	-0.47	-0.24	0.53	0.07	-0.02	-0.16
Good Will	-0.04	-0.34	0.58	-0.14	0.04	-0.28	-0.49	0.99	-0.3	-0.1	1.0		-0.22	-0.04	-0.24	0.59	-0.12	-0.14	0.1	0.02	-0.39	-0.25	0.46	0.15	-0.05	-0.1
Common Stock Shares Outstanding	-0.64	-0.74	-0.72	-0.76	-0.25	-0.68	-0.65	-0.26	-0.52	-0.27	-0.25	-0.22		-0.57	-0.6	-0.43	0.66	-0.81	-0.65	-0.25	0.57	-0.64	-0.58	0.61	-0.8	-0.26
Non Current Liabilities Total	0.73	0.4	0.22	0.2	0.7	0.69	0.37	0.02	0.69	-0.34	0.02	-0.04	-0.57		0.64	0.41	-0.51	0.34	0.71	0.55	-0.49	0.13	0.53	-0.77	0.36	-0.35
Inventory	0.93	0.81	0.26	0.64	0.71	0.93	0.79	-0.17	0.89	0.39	-0.17	-0.24	-0.6	0.64		0.4	-0.43	0.71	0.91	0.46	-0.71	0.56	0.62	-0.94	0.77	-0.21
Other Current Assets	0.58	0.15	0.5	0.13	0.62	0.41	0.02	0.66	0.39	-0.06	0.66	0.59	-0.43	0.41	0.4		-0.41	0.18	0.66	0.58	-0.86	-0.05	0.95	-0.5	0.3	-0.39
Other Stockholder Equity	-0.51	-0.42	-0.38	-0.37	-0.37	-0.41	-0.36	-0.17	-0.47	-0.21	-0.16	-0.12	0.66	-0.51	-0.43	-0.41		-0.43	-0.51	-0.1	0.5	-0.28	-0.53	0.45	-0.44	0.04
Total Liab	0.66	0.95	0.55	0.99	0.14	0.76	0.91	-0.11	0.64	0.48	-0.12	-0.14	-0.81	0.34	0.71	0.18	-0.43		0.61	0.18	-0.42	0.93	0.42	-0.59	0.98	0.45
Total Current Assets	0.99	0.66	0.4	0.53	0.85	0.87	0.58	0.19	0.88	0.23	0.19	0.1	-0.65	0.71	0.91	0.66	-0.51	0.61		0.49	-0.86	0.43	0.83	-0.95	0.72	-0.38
Intangible Assets	0.49	0.27	0.23	0.11	0.5	0.56	0.24	0.07	0.44	-0.31	0.08	0.02	-0.25	0.55	0.46	0.58	-0.1	0.18	0.49		-0.57	-0.07	0.6	-0.49	0.25	-0.21
Common Stock	-0.78	-0.42	-0.52	-0.37	-0.72	-0.64	-0.31	-0.47	-0.59	-0.24	-0.47	-0.39	0.57	-0.49	-0.71	-0.86	0.5	-0.42	-0.86	-0.57		-0.17	-0.94	0.73	-0.56	0.39
Short Term Debt	0.49	0.89	0.32	0.95	-0.02	0.61	0.87	-0.24	0.53	0.55	-0.24	-0.25	-0.64	0.13	0.56	-0.05	-0.28	0.93	0.43	-0.07	-0.17		0.19	-0.43	0.88	0.56
Net Receivables	0.77	0.39	0.53	0.36	0.71	0.62	0.26	0.54	0.6	0.06	0.53	0.46	-0.58	0.53	0.62	0.95	-0.53	0.42	0.83	0.6	-0.94	0.19		-0.68	0.54	-0.33
Short Term Investments	-0.97	-0.71	-0.23	-0.51	-0.84	-0.94	-0.67	0.07	-0.93	-0.19	0.07	0.15	0.61	-0.77	-0.94	-0.5	0.45	-0.59	-0.95	-0.49	0.73	-0.43	-0.68		-0.67	0.4
Accounts Payable	0.75	0.93	0.59	0.96	0.28	0.8	0.87	-0.01	0.71	0.49	-0.02	-0.05	-0.8	0.36	0.77	0.3	-0.44	0.98	0.72	0.25	-0.56	0.88	0.54	-0.67		0.31
Current Deferred Revenue	-0.34	0.32	0.27	0.52	-0.77	-0.12	0.33	-0.16	-0.29	0.25	-0.16	-0.1	-0.26	-0.35	-0.21	-0.39	0.04	0.45	-0.38	-0.21	0.39	0.56	-0.33	0.4	0.31

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MIC Electronics Account Relationship Matchups

MIC Electronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	649.5M	750.8M	874M	1.4B	1.3B
Short Long Term Debt Total	1.2B	328.5M	78.8M	161.6M	116.5M	110.7M
Other Current Liab	913.8M	255.0M	22.3M	64.5M	35.5M	33.8M
Total Current Liabilities	2.9B	338.6M	88.6M	213.9M	184.1M	174.9M
Total Stockholder Equity	(1.3B)	50.1M	627.7M	630.2M	1.2B	1.5B
Property Plant And Equipment Net	763.7M	463.0M	515.5M	502.9M	257.4M	244.6M
Net Debt	1.2B	327.5M	77.4M	159.4M	107.6M	102.2M
Cash	526.2K	1.0M	1.4M	2.2M	8.9M	8.5M
Non Current Assets Total	957.5M	543.7M	520.0M	549.3M	796.8M	1.2B
Non Currrent Assets Other	193.1M	5.2M	9.3M	1.4M	48.8M	93.9M
Cash And Short Term Investments	526.2K	1.0M	1.4M	8M	8.9M	8.5M
Liabilities And Stockholders Equity	1.6B	649.5M	750.8M	874M	1.4B	1.3B
Inventory	495.3M	18.9M	78.7M	157.6M	127.6M	121.2M
Other Current Assets	27.8M	22.9M	121.6M	108.9M	221.2M	210.2M
Other Stockholder Equity	2.5B	43.0	4.7B	4.7B	2.1B	2.3B
Total Liab	2.9B	599.5M	113.0M	233.8M	188.0M	178.6M
Total Current Assets	648.6M	105.8M	230.7M	324.7M	610.8M	580.2M
Intangible Assets	649.9K	301.3K	1.4M	29.7M	2.3M	2.2M
Short Term Debt	1.3B	67.7M	59.2M	143.6M	115.0M	109.2M
Net Receivables	95.1M	39.6M	13.5M	28.2M	253.2M	240.5M
Accounts Payable	603.3M	15.9M	5.1M	5.8M	33.6M	31.9M
Current Deferred Revenue	784.0M	246.6M	302K	11.2M	12.9M	12.2M
Retained Earnings	(4.4B)	(4.4B)	(4.5B)	(4.5B)	(3.7B)	(3.5B)
Accumulated Other Comprehensive Income	198.3M	1.6B	1.9B	1.9B	2.3B	2.4B
Net Tangible Assets	(1.3B)	49.8M	626.3M	600.5M	690.6M	725.1M
Other Assets	169.2M	5.3M	2.9M	16.7M	1.0	0.95
Property Plant Equipment	763.7M	463.0M	515.5M	502.9M	452.6M	533.2M
Net Invested Capital	(117.2M)	378.6M	699.2M	791.8M	1.3B	1.4B
Short Long Term Debt	1.2B	67.7M	48M	143.6M	114.5M	108.7M
Net Working Capital	(2.2B)	(232.8M)	142.1M	110.8M	426.6M	448.0M

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

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MIC Total Current Assets vs Inventory Analysis

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

Correlation Coefficient

Total Current Assets

Inventory

MIC Electronics fundamental ratios Correlations

MIC Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MIC Electronics fundamental ratios Accounts

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Other Information on Investing in MIC Stock

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Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities
Good Will	+ 0.99	Cash

Short Term Investments	- 0.97	Total Assets
Short Term Investments	- 0.95	Total Current Assets
Net Receivables	- 0.94	Common Stock
Short Term Investments	- 0.94	Inventory
Short Term Investments	- 0.94	Property Plant And Equipment Net
Short Term Investments	- 0.93	Non Current Assets Total