Mynaric Cost Of Revenue vs Gross Profit Analysis

0AR9 Stock   5.02  3.59  251.05%   
Mynaric AG financial indicator trend analysis is infinitely more than just investigating Mynaric AG recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mynaric AG is a good investment. Please check the relationship between Mynaric AG Cost Of Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mynaric AG. 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.

Cost Of Revenue vs Gross Profit

Cost Of Revenue vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mynaric AG Cost Of Revenue account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Mynaric AG's Cost Of Revenue and Gross Profit is -0.99. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Mynaric AG, assuming nothing else is changed. The correlation between historical values of Mynaric AG's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Mynaric AG are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Mynaric AG's Cost Of Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.99
Relationship DirectionNegative 
Relationship StrengthSignificant

Cost Of Revenue

Cost of Revenue is found on Mynaric AG income statement and represents the costs associated with goods and services Mynaric AG provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Mynaric AG minus its cost of goods sold. It is profit before Mynaric AG operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Mynaric AG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mynaric AG 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Mynaric AG. 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.
Selling General Administrative is likely to drop to about 26.1 M in 2024

Mynaric AG fundamental ratios Correlations

0.750.810.080.940.34-0.880.770.980.24-0.580.770.460.80.880.960.790.970.860.960.760.750.910.89-0.960.68
0.750.77-0.040.80.44-0.820.310.840.3-0.770.310.780.870.780.870.650.610.750.790.590.530.70.75-0.780.46
0.810.77-0.50.960.82-0.990.280.880.33-0.790.280.730.810.990.870.990.710.520.810.970.950.860.97-0.720.92
0.08-0.04-0.5-0.25-0.890.370.57-0.03-0.190.410.57-0.41-0.12-0.39-0.04-0.540.190.440.06-0.58-0.58-0.15-0.35-0.2-0.65
0.940.80.96-0.250.65-0.980.50.970.28-0.720.50.610.850.980.970.940.850.70.910.910.90.940.98-0.880.85
0.340.440.82-0.890.65-0.73-0.280.460.25-0.64-0.280.610.490.740.470.830.2-0.020.350.840.840.530.7-0.240.86
-0.88-0.82-0.990.37-0.98-0.73-0.39-0.93-0.310.78-0.39-0.7-0.87-0.99-0.93-0.96-0.78-0.63-0.88-0.94-0.91-0.91-0.980.8-0.87
0.770.310.280.570.5-0.28-0.390.630.09-0.121.00.00.430.390.590.30.880.790.710.280.290.560.44-0.750.22
0.980.840.88-0.030.970.46-0.930.630.31-0.680.630.580.860.930.990.840.910.850.940.80.780.920.93-0.960.72
0.240.30.33-0.190.280.25-0.310.090.31-0.760.070.410.320.350.320.320.230.290.060.260.30.320.32-0.350.3
-0.58-0.77-0.790.41-0.72-0.640.78-0.12-0.68-0.76-0.12-0.83-0.74-0.78-0.71-0.73-0.48-0.48-0.52-0.69-0.67-0.64-0.730.61-0.64
0.770.310.280.570.5-0.28-0.391.00.630.07-0.120.00.430.390.590.290.880.790.710.280.280.560.44-0.740.22
0.460.780.73-0.410.610.61-0.70.00.580.41-0.830.00.650.680.570.640.350.390.520.620.550.40.59-0.450.54
0.80.870.81-0.120.850.49-0.870.430.860.32-0.740.430.650.840.880.740.70.780.810.690.660.80.83-0.80.6
0.880.780.99-0.390.980.74-0.990.390.930.35-0.780.390.680.840.920.980.780.620.860.950.940.920.99-0.80.9
0.960.870.87-0.040.970.47-0.930.590.990.32-0.710.590.570.880.920.830.880.830.930.780.770.930.93-0.950.69
0.790.650.99-0.540.940.83-0.960.30.840.32-0.730.290.640.740.980.830.710.450.770.990.990.860.96-0.680.97
0.970.610.710.190.850.2-0.780.880.910.23-0.480.880.350.70.780.880.710.840.930.680.680.860.81-0.920.62
0.860.750.520.440.7-0.02-0.630.790.850.29-0.480.790.390.780.620.830.450.840.810.390.370.70.63-0.940.28
0.960.790.810.060.910.35-0.880.710.940.06-0.520.710.520.810.860.930.770.930.810.750.710.860.87-0.890.64
0.760.590.97-0.580.910.84-0.940.280.80.26-0.690.280.620.690.950.780.990.680.390.750.990.830.94-0.630.98
0.750.530.95-0.580.90.84-0.910.290.780.3-0.670.280.550.660.940.770.990.680.370.710.990.830.93-0.630.99
0.910.70.86-0.150.940.53-0.910.560.920.32-0.640.560.40.80.920.930.860.860.70.860.830.830.96-0.850.78
0.890.750.97-0.350.980.7-0.980.440.930.32-0.730.440.590.830.990.930.960.810.630.870.940.930.96-0.810.89
-0.96-0.78-0.72-0.2-0.88-0.240.8-0.75-0.96-0.350.61-0.74-0.45-0.8-0.8-0.95-0.68-0.92-0.94-0.89-0.63-0.63-0.85-0.81-0.54
0.680.460.92-0.650.850.86-0.870.220.720.3-0.640.220.540.60.90.690.970.620.280.640.980.990.780.89-0.54
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Mynaric AG Account Relationship Matchups

Mynaric AG fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.6M91.5M111.7M83.9M119.1M125.0M
Other Current Liab2.0M4.8M7.7M22.7M11.2M11.8M
Total Current Liabilities3.8M8.9M13.7M43.2M74.9M78.6M
Total Stockholder Equity21.7M70.7M84.9M27.8M(49.3M)(46.8M)
Property Plant And Equipment Net10.7M18.0M25.6M31.1M49.1M51.6M
Net Debt(2.2M)(35.2M)(39.1M)11.8M64.1M67.3M
Retained Earnings(27.5M)(47.3M)(92.8M)(166.5M)(260.1M)(247.1M)
Cash8.9M43.2M48.1M10.2M24.0M17.7M
Non Current Assets Total10.7M41.2M49.6M53.5M63.6M66.8M
Non Currrent Assets Other(10.7M)359K411K449K1.2M1.3M
Cash And Short Term Investments9.7M43.2M48.1M10.4M24.0M17.9M
Net Receivables(1.1M)550K(1.1M)3.3M2.0M2.1M
Common Stock Shares Outstanding2.9M3.3M4.3M5.4M6.0M3.8M
Liabilities And Stockholders Equity34.5M91.5M111.7M83.9M119.1M125.0M
Inventory1.3M5.3M8.5M13.3M22.7M23.8M
Other Stockholder Equity45.5M108.2M172.6M189.3M204.0M214.2M
Total Liab9.8M20.8M26.8M56.1M168.4M176.8M
Total Current Assets11.9M50.3M62.1M30.4M55.4M58.2M
Accumulated Other Comprehensive Income(53K)5.8M(184K)(595K)531K504.5K
Intangible Assets85K17.9M20.0M18.1M13.3M7.5M
Common Stock2.9M4.0M5.2M5.7M6.2M6.5M
Non Current Liabilities Total6.1M11.9M13.1M12.9M104.8M110.1M
Other Current Assets987K1.3M6.5M3.3M6.8M7.2M
Accounts Payable1.2M1.7M4.4M4.2M7.6M8.0M
Short Term Investments782K77K48K172K154.8K147.1K

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