Mynaric Total Current Assets vs Net Receivables Analysis
0AR9 Stock | 5.02 0.10 1.95% |
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 Total Current Assets and its Net Receivables 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.
Total Current Assets vs Net Receivables
Total Current Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mynaric AG Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Mynaric AG's Total Current Assets and Net Receivables is 0.35. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables 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 Total Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Mynaric AG are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Mynaric AG's Total Current Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Net Receivables
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
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Mynaric AG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mynaric AG fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 31.6M | 91.5M | 111.7M | 83.9M | 119.1M | 125.0M | |
Other Current Liab | 2.0M | 4.8M | 7.7M | 22.7M | 11.2M | 11.8M | |
Total Current Liabilities | 3.8M | 8.9M | 13.7M | 43.2M | 74.9M | 78.6M | |
Total Stockholder Equity | 21.7M | 70.7M | 84.9M | 27.8M | (49.3M) | (46.8M) | |
Property Plant And Equipment Net | 10.7M | 18.0M | 25.6M | 31.1M | 49.1M | 51.6M | |
Net Debt | (2.2M) | (35.2M) | (39.1M) | 11.8M | 64.1M | 67.3M | |
Retained Earnings | (27.5M) | (47.3M) | (92.8M) | (166.5M) | (260.1M) | (247.1M) | |
Cash | 8.9M | 43.2M | 48.1M | 10.2M | 24.0M | 17.7M | |
Non Current Assets Total | 10.7M | 41.2M | 49.6M | 53.5M | 63.6M | 66.8M | |
Non Currrent Assets Other | (10.7M) | 359K | 411K | 449K | 1.2M | 1.3M | |
Cash And Short Term Investments | 9.7M | 43.2M | 48.1M | 10.4M | 24.0M | 17.9M | |
Net Receivables | (1.1M) | 550K | (1.1M) | 3.3M | 2.0M | 2.1M | |
Common Stock Shares Outstanding | 2.9M | 3.3M | 4.3M | 5.4M | 6.0M | 3.8M | |
Liabilities And Stockholders Equity | 34.5M | 91.5M | 111.7M | 83.9M | 119.1M | 125.0M | |
Inventory | 1.3M | 5.3M | 8.5M | 13.3M | 22.7M | 23.8M | |
Other Stockholder Equity | 45.5M | 108.2M | 172.6M | 189.3M | 204.0M | 214.2M | |
Total Liab | 9.8M | 20.8M | 26.8M | 56.1M | 168.4M | 176.8M | |
Total Current Assets | 11.9M | 50.3M | 62.1M | 30.4M | 55.4M | 58.2M | |
Accumulated Other Comprehensive Income | (53K) | 5.8M | (184K) | (595K) | 531K | 504.5K | |
Intangible Assets | 85K | 17.9M | 20.0M | 18.1M | 13.3M | 7.5M | |
Common Stock | 2.9M | 4.0M | 5.2M | 5.7M | 6.2M | 6.5M | |
Non Current Liabilities Total | 6.1M | 11.9M | 13.1M | 12.9M | 104.8M | 110.1M | |
Other Current Assets | 987K | 1.3M | 6.5M | 3.3M | 6.8M | 7.2M | |
Accounts Payable | 1.2M | 1.7M | 4.4M | 4.2M | 7.6M | 8.0M | |
Short Term Investments | 782K | 77K | 48K | 172K | 154.8K | 147.1K |
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