| MX Stock | | | USD 4.25 0.14 3.41% |
MagnaChip Semiconductor financial indicator trend analysis is infinitely more than just investigating MagnaChip Semiconductor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MagnaChip Semiconductor is a good investment. Please check the relationship between MagnaChip Semiconductor Current Deferred Revenue and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.
Current Deferred Revenue vs Accounts Payable
Current Deferred Revenue vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MagnaChip Semiconductor Current Deferred Revenue account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between MagnaChip Semiconductor's Current Deferred Revenue and Accounts Payable is 0.22. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of MagnaChip Semiconductor, assuming nothing else is changed. The correlation between historical values of MagnaChip Semiconductor's Current Deferred Revenue 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 Current Deferred Revenue of MagnaChip Semiconductor 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 Current Deferred Revenue i.e., MagnaChip Semiconductor's Current Deferred Revenue and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Accounts Payable
An accounting item on the balance sheet that represents MagnaChip Semiconductor 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 MagnaChip Semiconductor 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 MagnaChip Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MagnaChip Semiconductor 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 MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.At this time, MagnaChip Semiconductor's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.1 in 2024, whereas
Tax Provision is likely to drop (2.2
M) in 2024.
MagnaChip Semiconductor fundamental ratios Correlations
Click cells to compare fundamentals
MagnaChip Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MagnaChip Semiconductor fundamental ratios Accounts
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