Modular Net Invested Capital vs Accounts Payable Analysis

MODD Stock

USD 1.39 0.04 2.80%

Modular Medical financial indicator trend analysis is infinitely more than just investigating Modular Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Modular Medical is a good investment. Please check the relationship between Modular Medical Net Invested Capital and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.

Net Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Modular Medical Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Modular Medical's Net Invested Capital and Accounts Payable is 0.61. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Modular Medical, assuming nothing else is changed. The correlation between historical values of Modular Medical's Net Invested Capital and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Modular Medical are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Invested Capital i.e., Modular Medical's Net Invested Capital and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Accounts Payable

An accounting item on the balance sheet that represents Modular Medical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Modular Medical are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Modular Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Modular Medical 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 Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.At present, Modular Medical's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 12.8 M, whereas Enterprise Value Over EBITDA is forecasted to decline to (1.99).

	2023	2024 (projected)
Research Development	12.9M	13.5M
Interest Income	117.0	111.15

Research Development Interest Income

Modular Medical fundamental ratios Correlations

	Common Stock Shares Outstanding	Retained Earnings	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Stockholder Equity	Total Liab	Total Assets	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Inventory	Other Current Assets	Net Tangible Assets	Net Invested Capital	Net Working Capital	Non Currrent Assets Other	Other Assets	Property Plant Equipment	Good Will	Capital Stock
Common Stock Shares Outstanding		-0.95	-0.26	0.56	0.88	0.96	0.72	0.49	-0.44	0.66	0.46	0.46	0.47	0.94	0.59	0.59	0.35	0.85	0.48	0.88	0.55	-0.04	-0.04	0.94	0.86	0.45
Retained Earnings	-0.95		0.16	-0.56	-0.86	-0.99	-0.75	-0.46	0.41	-0.62	-0.43	-0.43	-0.44	-0.83	-0.56	-0.56	-0.32	-0.91	-0.55	-0.87	-0.58	0.0	0.0	-0.95	-0.78	-0.27
Other Current Liab	-0.26	0.16		0.06	-0.26	-0.18	-0.01	0.13	-0.15	-0.82	0.15	0.15	0.14	-0.3	0.1	0.1	0.08	-0.09	-0.15	-0.25	-0.2	0.21	0.21	-0.22	-0.28	-0.27
Total Current Liabilities	0.56	-0.56	0.06		0.29	0.53	0.95	0.37	-0.32	0.39	0.35	0.35	0.36	0.44	0.41	0.42	0.26	0.68	-0.04	0.34	-0.03	0.52	0.52	0.48	0.35	0.19
Total Stockholder Equity	0.88	-0.86	-0.26	0.29		0.9	0.45	0.5	-0.48	0.62	0.48	0.48	0.49	0.9	0.55	0.55	0.32	0.82	0.81	0.98	0.85	-0.02	-0.02	0.77	0.73	0.26
Other Stockholder Equity	0.96	-0.99	-0.18	0.53	0.9		0.71	0.47	-0.42	0.63	0.44	0.44	0.45	0.86	0.56	0.56	0.33	0.91	0.59	0.9	0.62	-0.02	-0.02	0.94	0.78	0.27
Total Liab	0.72	-0.75	-0.01	0.95	0.45	0.71		0.42	-0.37	0.49	0.4	0.4	0.4	0.59	0.5	0.51	0.3	0.75	0.09	0.48	0.08	0.37	0.37	0.7	0.48	0.21
Total Assets	0.49	-0.46	0.13	0.37	0.5	0.47	0.42		-1.0	0.17	1.0	1.0	1.0	0.51	0.99	0.99	-0.03	0.47	0.43	0.5	0.41	0.22	0.22	0.4	0.29	0.06
Net Debt	-0.44	0.41	-0.15	-0.32	-0.48	-0.42	-0.37	-1.0		-0.13	-1.0	-1.0	-1.0	-0.47	-0.97	-0.98	0.05	-0.42	-0.43	-0.47	-0.41	-0.22	-0.22	-0.34	-0.25	-0.04
Accounts Payable	0.66	-0.62	-0.82	0.39	0.62	0.63	0.49	0.17	-0.13		0.14	0.14	0.16	0.66	0.22	0.22	0.14	0.58	0.39	0.61	0.43	0.13	0.13	0.58	0.52	0.25
Cash	0.46	-0.43	0.15	0.35	0.48	0.44	0.4	1.0	-1.0	0.14		1.0	1.0	0.48	0.98	0.98	-0.04	0.44	0.42	0.48	0.4	0.23	0.23	0.36	0.27	0.05
Cash And Short Term Investments	0.46	-0.43	0.15	0.35	0.48	0.44	0.4	1.0	-1.0	0.14	1.0		1.0	0.48	0.98	0.98	-0.04	0.44	0.42	0.48	0.4	0.23	0.23	0.36	0.27	0.05
Total Current Assets	0.47	-0.44	0.14	0.36	0.49	0.45	0.4	1.0	-1.0	0.16	1.0	1.0		0.49	0.98	0.98	-0.03	0.45	0.43	0.49	0.41	0.23	0.23	0.37	0.27	0.05
Common Stock	0.94	-0.83	-0.3	0.44	0.9	0.86	0.59	0.51	-0.47	0.66	0.48	0.48	0.49		0.57	0.57	0.35	0.72	0.56	0.89	0.64	0.03	0.03	0.82	0.8	0.48
Property Plant And Equipment Net	0.59	-0.56	0.1	0.41	0.55	0.56	0.5	0.99	-0.97	0.22	0.98	0.98	0.98	0.57		1.0	0.0	0.52	0.41	0.54	0.39	0.14	0.14	0.53	0.39	0.12
Non Current Assets Total	0.59	-0.56	0.1	0.42	0.55	0.56	0.51	0.99	-0.98	0.22	0.98	0.98	0.98	0.57	1.0		0.0	0.52	0.41	0.54	0.39	0.15	0.15	0.53	0.39	0.12
Inventory	0.35	-0.32	0.08	0.26	0.32	0.33	0.3	-0.03	0.05	0.14	-0.04	-0.04	-0.03	0.35	0.0	0.0		0.31	0.23	0.33	0.26	0.07	0.07	0.3	0.28	0.16
Other Current Assets	0.85	-0.91	-0.09	0.68	0.82	0.91	0.75	0.47	-0.42	0.58	0.44	0.44	0.45	0.72	0.52	0.52	0.31		0.54	0.85	0.58	0.23	0.23	0.76	0.69	0.2
Net Tangible Assets	0.48	-0.55	-0.15	-0.04	0.81	0.59	0.09	0.43	-0.43	0.39	0.42	0.42	0.43	0.56	0.41	0.41	0.23	0.54		0.79	0.95	0.05	0.05	0.4	0.33	-0.11
Net Invested Capital	0.88	-0.87	-0.25	0.34	0.98	0.9	0.48	0.5	-0.47	0.61	0.48	0.48	0.49	0.89	0.54	0.54	0.33	0.85	0.79		0.85	-0.03	-0.03	0.77	0.76	0.3
Net Working Capital	0.55	-0.58	-0.2	-0.03	0.85	0.62	0.08	0.41	-0.41	0.43	0.4	0.4	0.41	0.64	0.39	0.39	0.26	0.58	0.95	0.85		-0.01	-0.01	0.43	0.53	0.17
Non Currrent Assets Other	-0.04	0.0	0.21	0.52	-0.02	-0.02	0.37	0.22	-0.22	0.13	0.23	0.23	0.23	0.03	0.14	0.15	0.07	0.23	0.05	-0.03	-0.01		1.0	-0.2	-0.24	-0.27
Other Assets	-0.04	0.0	0.21	0.52	-0.02	-0.02	0.37	0.22	-0.22	0.13	0.23	0.23	0.23	0.03	0.14	0.15	0.07	0.23	0.05	-0.03	-0.01	1.0		-0.2	-0.24	-0.27
Property Plant Equipment	0.94	-0.95	-0.22	0.48	0.77	0.94	0.7	0.4	-0.34	0.58	0.36	0.36	0.37	0.82	0.53	0.53	0.3	0.76	0.4	0.77	0.43	-0.2	-0.2		0.78	0.35
Good Will	0.86	-0.78	-0.28	0.35	0.73	0.78	0.48	0.29	-0.25	0.52	0.27	0.27	0.27	0.8	0.39	0.39	0.28	0.69	0.33	0.76	0.53	-0.24	-0.24	0.78		0.8
Capital Stock	0.45	-0.27	-0.27	0.19	0.26	0.27	0.21	0.06	-0.04	0.25	0.05	0.05	0.05	0.48	0.12	0.12	0.16	0.2	-0.11	0.3	0.17	-0.27	-0.27	0.35	0.8

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Modular Medical Account Relationship Matchups

Modular Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	6.0M	6.2M	6.8M	10.9M	22.4M	23.5M
Retained Earnings	(8.6M)	(15.9M)	(34.6M)	(48.5M)	(65.9M)	(62.6M)
Other Current Liab	202.2K	499.9K	524.9K	339K	(93K)	(88.4K)
Total Current Liabilities	661.4K	3.3M	969.7K	979.3K	1.5M	1.5M
Total Stockholder Equity	2.9M	(1.3M)	8.8M	5.1M	11.5M	12.1M
Other Stockholder Equity	10.5M	14.7M	43.4M	53.5M	77.4M	81.3M
Total Liab	980.1K	3.5M	1.0M	2.2M	2.3M	2.4M
Total Assets	3.9M	2.2M	9.8M	7.2M	13.8M	14.5M
Net Debt	(2.9M)	1.3M	(8.9M)	(2.3M)	(8.0M)	(7.6M)
Accounts Payable	367.0K	169.3K	300.0K	285K	802K	842.1K
Cash	3.1M	1.5M	9.1M	3.8M	9.2M	9.7M
Cash And Short Term Investments	3.1M	1.5M	9.1M	3.8M	9.2M	9.7M
Liabilities And Stockholders Equity	3.9M	2.2M	9.8M	7.2M	13.8M	14.5M
Total Current Assets	3.2M	1.6M	9.4M	4.0M	9.7M	10.2M
Common Stock	17.9K	6.3K	10.5K	10.9K	32K	33.6K
Property Plant And Equipment Net	572.3K	499.1K	356.7K	3.2M	4.1M	4.3M
Non Current Assets Total	672.3K	599.1K	456.7K	3.2M	4.1M	4.3M
Other Current Assets	306.0	180.6K	313.4K	146.9K	318K	333.9K
Net Tangible Assets	2.9M	(1.3M)	8.8M	5.1M	5.8M	4.3M
Non Current Liabilities Total	318.7K	226.4K	40.0K	1.2M	817K	857.9K
Net Invested Capital	2.9M	1.2M	8.8M	5.1M	11.5M	12.1M
Net Working Capital	2.5M	(1.6M)	8.4M	3.1M	8.2M	4.5M
Property Plant Equipment	572.3K	499.1K	356.7K	3.2M	3.7M	3.9M
Capital Stock	17.9K	18.9K	10.5K	10.9K	32K	19.8K

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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When determining whether Modular Medical is a strong investment it is important to analyze Modular Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modular Medical's future performance. For an informed investment choice regarding Modular Stock, refer to the following important reports:

How To Invest In Modular

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Is Modular Stock a good investment?

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What is Modular Medical's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Modular Medical. If investors know Modular will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Modular Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.65)

Return On Assets

(0.95)

Return On Equity

(1.83)

The market value of Modular Medical is measured differently than its book value, which is the value of Modular that is recorded on the company's balance sheet. Investors also form their own opinion of Modular Medical's value that differs from its market value or its book value, called intrinsic value, which is Modular Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Modular Medical's market value can be influenced by many factors that don't directly affect Modular Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Modular Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modular Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modular Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Modular Net Invested Capital vs Accounts Payable Analysis

Net Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Invested Capital

Accounts Payable

Modular Medical fundamental ratios Correlations

Modular Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Modular Medical fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Total Assets
Other Stockholder Equity	- 0.99	Retained Earnings
Non Current Assets Total	- 0.98	Net Debt