Solarmax Technology Common Stock Working Capital

SMXT Stock

1.13 0.03 2.73%

Solarmax Technology Common fundamentals help investors to digest information that contributes to Solarmax Technology's financial success or failures. It also enables traders to predict the movement of Solarmax Stock. The fundamental analysis module provides a way to measure Solarmax Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Solarmax Technology stock.

	Last Reported	Projected for Next Year
Net Working Capital	-23.5 M	-22.3 M
Change In Working Capital	1.9 M	2 M

Change In Working Capital is likely to gain to about 2 M in 2024, despite the fact that Net Working Capital is likely to grow to (22.3 M).

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Solarmax Technology Common Company Working Capital Analysis

Solarmax Technology's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Solarmax Technology Working Capital

(23.48 M)

Most of Solarmax Technology's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Solarmax Technology Common is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Solarmax Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Solarmax Technology is extremely important. It helps to project a fair market value of Solarmax Stock properly, considering its historical fundamentals such as Working Capital. Since Solarmax Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Solarmax Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Solarmax Technology's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Short Term Investments	Net Invested Capital	Long Term Investments	Short Long Term Debt	Capital Stock	Net Working Capital
Total Assets		0.78	0.29	-0.28	0.73	0.83	0.72	0.54	0.79	0.99	-0.42	0.74	0.88	0.94	0.96	-0.94	0.89	0.63	0.8
Total Stockholder Equity	0.78		0.11	-0.74	1.0	0.36	0.16	0.61	0.26	0.68	-0.76	0.94	0.74	0.85	0.85	-0.84	0.84	0.57	0.68
Current Deferred Revenue	0.29	0.11		-0.03	0.11	0.18	0.2	0.61	0.45	0.28	-0.13	0.04	0.6	0.18	0.31	-0.15	0.13	0.78	0.6
Net Debt	-0.28	-0.74	-0.03		-0.77	0.14	0.43	-0.66	0.21	-0.17	0.5	-0.53	-0.43	-0.49	-0.51	0.46	-0.54	-0.43	-0.47
Retained Earnings	0.73	1.0	0.11	-0.77		0.3	0.1	0.62	0.2	0.63	-0.78	0.94	0.71	0.82	0.81	-0.81	0.82	0.58	0.65
Accounts Payable	0.83	0.36	0.18	0.14	0.3		0.94	0.32	0.95	0.87	0.05	0.36	0.59	0.74	0.71	-0.74	0.73	0.45	0.53
Net Receivables	0.72	0.16	0.2	0.43	0.1	0.94		0.1	0.93	0.79	0.1	0.24	0.48	0.55	0.54	-0.56	0.51	0.31	0.4
Good Will	0.54	0.61	0.61	-0.66	0.62	0.32	0.1		0.41	0.48	-0.37	0.44	0.76	0.59	0.68	-0.52	0.66	0.93	0.84
Total Liab	0.79	0.26	0.45	0.21	0.2	0.95	0.93	0.41		0.84	0.08	0.24	0.68	0.64	0.68	-0.64	0.62	0.57	0.63
Total Current Assets	0.99	0.68	0.28	-0.17	0.63	0.87	0.79	0.48	0.84		-0.32	0.64	0.87	0.88	0.94	-0.89	0.83	0.57	0.79
Short Term Debt	-0.42	-0.76	-0.13	0.5	-0.78	0.05	0.1	-0.37	0.08	-0.32		-0.86	-0.48	-0.37	-0.44	0.37	-0.35	-0.4	-0.47
Common Stock	0.74	0.94	0.04	-0.53	0.94	0.36	0.24	0.44	0.24	0.64	-0.86		0.63	0.76	0.73	-0.75	0.73	0.48	0.55
Long Term Debt	0.88	0.74	0.6	-0.43	0.71	0.59	0.48	0.76	0.68	0.87	-0.48	0.63		0.79	0.93	-0.78	0.74	0.8	0.97
Short Term Investments	0.94	0.85	0.18	-0.49	0.82	0.74	0.55	0.59	0.64	0.88	-0.37	0.76	0.79		0.94	-1.0	0.98	0.61	0.69
Net Invested Capital	0.96	0.85	0.31	-0.51	0.81	0.71	0.54	0.68	0.68	0.94	-0.44	0.73	0.93	0.94		-0.94	0.92	0.68	0.87
Long Term Investments	-0.94	-0.84	-0.15	0.46	-0.81	-0.74	-0.56	-0.52	-0.64	-0.89	0.37	-0.75	-0.78	-1.0	-0.94		-0.96	-0.56	-0.67
Short Long Term Debt	0.89	0.84	0.13	-0.54	0.82	0.73	0.51	0.66	0.62	0.83	-0.35	0.73	0.74	0.98	0.92	-0.96		0.64	0.68
Capital Stock	0.63	0.57	0.78	-0.43	0.58	0.45	0.31	0.93	0.57	0.57	-0.4	0.48	0.8	0.61	0.68	-0.56	0.64		0.83
Net Working Capital	0.8	0.68	0.6	-0.47	0.65	0.53	0.4	0.84	0.63	0.79	-0.47	0.55	0.97	0.69	0.87	-0.67	0.68	0.83

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict Solarmax Technology

Working Capital Over Time

Solarmax Net Invested Capital

Net Invested Capital

27.51 Million

At this time, Solarmax Technology's Net Invested Capital is comparatively stable compared to the past year.

Based on the company's disclosures, Solarmax Technology Common has a Working Capital of (23.48 Million). This is 107.29% lower than that of the Electrical Equipment sector and 104.88% lower than that of the Industrials industry. The working capital for all United States stocks is 101.59% higher than that of the company.

Solarmax Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Solarmax Technology's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Solarmax Technology could also be used in its relative valuation, which is a method of valuing Solarmax Technology by comparing valuation metrics of similar companies.

Solarmax Technology is currently under evaluation in working capital category among its peers.

Solarmax Fundamentals

	Return On Asset	-0.22
	Profit Margin	(0.54) %
	Operating Margin	(0.54) %
	Current Valuation	76.61 M
	Shares Outstanding	45.28 M
	Shares Owned By Insiders	33.68 %
	Shares Owned By Institutions	2.30 %
	Number Of Shares Shorted	395.76 K
	Price To Sales	1.36 X
	Revenue	54.14 M
	EBITDA	3.56 M
	Net Income	434.79 K
	Total Debt	41.88 M
	Book Value Per Share	(0.40) X
	Cash Flow From Operations	3.81 M
	Short Ratio	1.43 X
	Earnings Per Share	(0.71) X
	Number Of Employees	79
	Market Capitalization	49.81 M
	Total Asset	48.66 M
	Retained Earnings	(68.62 M)
	Working Capital	(23.48 M)
	Net Asset	48.66 M

About Solarmax Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Solarmax Technology Common's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solarmax Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solarmax Technology Common based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Solarmax Stock Analysis

When running Solarmax Technology's price analysis, check to measure Solarmax Technology'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 Solarmax Technology is operating at the current time. Most of Solarmax Technology's value examination focuses on studying past and present price action to predict the probability of Solarmax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solarmax Technology's price. Additionally, you may evaluate how the addition of Solarmax Technology to your portfolios can decrease your overall portfolio volatility.

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