Mainz Average Inventory vs Payables Turnover Analysis

MYNZ Stock  USD 4.40  0.87  16.51%   
Mainz Biomed financial indicator trend analysis is infinitely more than just investigating Mainz Biomed BV recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainz Biomed BV is a good investment. Please check the relationship between Mainz Biomed Average Inventory and its Payables Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainz Biomed BV. 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.

Average Inventory vs Payables Turnover

JavaScript chart by amCharts 3.21.15201420162018202020222024-400M-350M-300M-250M-200M-150M-100M-50M0 0.20.40.60.81.01.21.41.61.8
JavaScript chart by amCharts 3.21.15Average Inventorytotal: -3.9BPayables Turnovertotal: 14.952308451300226

Average Inventory vs Payables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mainz Biomed BV Average Inventory account and Payables Turnover. At this time, the significance of the direction appears to have pay attention.
Average InventoryPayables TurnoverDiversified AwayAverage InventoryPayables TurnoverDiversified Away100%
The correlation between Mainz Biomed's Average Inventory and Payables Turnover is -0.88. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of Mainz Biomed BV, assuming nothing else is changed. The correlation between historical values of Mainz Biomed's Average Inventory and Payables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Mainz Biomed BV are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Average Inventory i.e., Mainz Biomed's Average Inventory and Payables Turnover go up and down completely randomly.

Correlation Coefficient

-0.88
Relationship DirectionNegative 
Relationship StrengthSignificant

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
Most indicators from Mainz Biomed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainz Biomed BV 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 Mainz Biomed BV. 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.
Issuance Of Capital Stock is likely to rise to about 9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense339.2K289.3K809.6K419.9K
Depreciation And Amortization209.9K459.4K1.0M1.1M

Mainz Biomed fundamental ratios Correlations

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0.80.820.880.980.620.990.6-0.38-0.980.960.670.950.410.670.560.50.910.720.870.760.990.940.70.880.23
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0.730.00.540.140.90.170.81-0.99-0.280.270.87-0.010.610.870.230.02-0.380.410.640.20.790.17-0.040.850.32
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Mainz Biomed Account Relationship Matchups

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When running Mainz Biomed's price analysis, check to measure Mainz Biomed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mainz Biomed is operating at the current time. Most of Mainz Biomed's value examination focuses on studying past and present price action to predict the probability of Mainz Biomed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mainz Biomed's price. Additionally, you may evaluate how the addition of Mainz Biomed to your portfolios can decrease your overall portfolio volatility.