Great Net Income vs Change In Working Capital Analysis

AJX Stock

USD 3.01 0.02 0.67%

Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Great Ajax's Net Income and Change In Working Capital is 0.17. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Great Ajax Corp are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Great Ajax's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Great Ajax Corp financial statement analysis. It represents the amount of money remaining after all of Great Ajax Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Great Ajax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	19.3M	56.1M	58.9M
Total Revenue	31.9M	35.6M	71.1M	40.6M

Gross Profit Total Revenue

Great Ajax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments
Total Assets		0.89	0.41	0.73	0.92	0.95	0.97	0.34	0.97	0.35	0.78	0.5	0.43	-0.29	0.64	0.45	0.25	0.24	0.91	0.93	0.71	0.16	-0.26	0.92	0.89	0.88
Short Long Term Debt Total	0.89		0.65	0.69	0.67	0.87	0.79	0.59	0.94	0.32	0.52	0.21	0.78	0.14	0.3	0.75	0.12	0.13	0.71	0.78	0.83	0.01	-0.21	0.74	0.94	0.83
Other Current Liab	0.41	0.65		0.37	0.14	0.46	0.21	0.67	0.49	0.3	0.1	-0.27	0.75	0.21	-0.37	0.58	0.53	0.55	0.26	0.25	0.82	-0.14	0.39	0.29	0.68	0.56
Total Current Liabilities	0.73	0.69	0.37		0.73	0.64	0.68	0.51	0.66	0.83	0.48	0.53	0.51	-0.02	0.49	0.2	-0.06	-0.08	0.46	0.7	0.77	0.06	0.06	0.48	0.51	0.9
Total Stockholder Equity	0.92	0.67	0.14	0.73		0.81	0.94	0.1	0.81	0.41	0.87	0.71	0.17	-0.47	0.79	0.14	0.18	0.15	0.84	0.85	0.52	0.17	-0.17	0.88	0.65	0.8
Other Liab	0.95	0.87	0.46	0.64	0.81		0.93	0.31	0.96	0.27	0.75	0.34	0.45	-0.2	0.59	0.57	0.26	0.26	0.94	0.85	0.71	0.0	-0.28	0.93	0.92	0.83
Net Tangible Assets	0.97	0.79	0.21	0.68	0.94	0.93		0.18	0.92	0.28	0.82	0.53	0.27	-0.36	0.78	0.36	0.15	0.14	0.94	0.91	0.56	0.12	-0.38	0.94	0.8	0.8
Property Plant And Equipment Net	0.34	0.59	0.67	0.51	0.1	0.31	0.18		0.34	0.24	0.04	-0.02	0.71	0.41	-0.14	0.53	-0.07	-0.06	0.11	0.32	0.56	0.05	0.07	0.14	0.49	0.4
Net Debt	0.97	0.94	0.49	0.66	0.81	0.96	0.92	0.34		0.29	0.68	0.34	0.53	-0.14	0.53	0.59	0.25	0.25	0.88	0.89	0.76	0.11	-0.32	0.88	0.94	0.86
Retained Earnings	0.35	0.32	0.3	0.83	0.41	0.27	0.28	0.24	0.29		0.18	0.37	0.33	0.04	0.2	-0.13	0.03	0.01	0.06	0.3	0.67	-0.03	0.39	0.07	0.12	0.72
Accounts Payable	0.78	0.52	0.1	0.48	0.87	0.75	0.82	0.04	0.68	0.18		0.73	0.01	-0.42	0.73	0.13	0.27	0.23	0.83	0.63	0.37	0.19	-0.13	0.86	0.59	0.62
Cash	0.5	0.21	-0.27	0.53	0.71	0.34	0.53	-0.02	0.34	0.37	0.73		-0.17	-0.38	0.73	-0.25	-0.08	-0.13	0.38	0.52	0.13	0.39	-0.06	0.43	0.13	0.42
Non Current Assets Total	0.43	0.78	0.75	0.51	0.17	0.45	0.27	0.71	0.53	0.33	0.01	-0.17		0.58	-0.27	0.82	-0.1	-0.08	0.17	0.3	0.73	-0.2	0.14	0.23	0.63	0.54
Non Currrent Assets Other	-0.29	0.14	0.21	-0.02	-0.47	-0.2	-0.36	0.41	-0.14	0.04	-0.42	-0.38	0.58		-0.51	0.48	-0.53	-0.51	-0.44	-0.39	0.12	-0.34	-0.02	-0.43	-0.06	-0.1
Other Assets	0.64	0.3	-0.37	0.49	0.79	0.59	0.78	-0.14	0.53	0.2	0.73	0.73	-0.27	-0.51		-0.13	-0.11	-0.15	0.71	0.71	0.08	0.29	-0.53	0.66	0.3	0.46
Long Term Debt	0.45	0.75	0.58	0.2	0.14	0.57	0.36	0.53	0.59	-0.13	0.13	-0.25	0.82	0.48	-0.13		-0.09	-0.07	0.4	0.34	0.49	-0.13	-0.2	0.43	0.74	0.34
Cash And Short Term Investments	0.25	0.12	0.53	-0.06	0.18	0.26	0.15	-0.07	0.25	0.03	0.27	-0.08	-0.1	-0.53	-0.11	-0.09		1.0	0.33	0.15	0.38	0.11	0.36	0.32	0.36	0.27
Net Receivables	0.24	0.13	0.55	-0.08	0.15	0.26	0.14	-0.06	0.25	0.01	0.23	-0.13	-0.08	-0.51	-0.15	-0.07	1.0		0.32	0.14	0.38	0.08	0.35	0.31	0.37	0.26
Common Stock Total Equity	0.91	0.71	0.26	0.46	0.84	0.94	0.94	0.11	0.88	0.06	0.83	0.38	0.17	-0.44	0.71	0.4	0.33	0.32		0.83	0.48	0.12	-0.38	0.99	0.83	0.68
Common Stock Shares Outstanding	0.93	0.78	0.25	0.7	0.85	0.85	0.91	0.32	0.89	0.3	0.63	0.52	0.3	-0.39	0.71	0.34	0.15	0.14	0.83		0.58	0.32	-0.39	0.82	0.77	0.76
Non Current Liabilities Total	0.71	0.83	0.82	0.77	0.52	0.71	0.56	0.56	0.76	0.67	0.37	0.13	0.73	0.12	0.08	0.49	0.38	0.38	0.48	0.58		-0.03	0.21	0.5	0.76	0.91
Inventory	0.16	0.01	-0.14	0.06	0.17	0.0	0.12	0.05	0.11	-0.03	0.19	0.39	-0.2	-0.34	0.29	-0.13	0.11	0.08	0.12	0.32	-0.03		-0.09	0.11	0.06	0.04
Other Current Assets	-0.26	-0.21	0.39	0.06	-0.17	-0.28	-0.38	0.07	-0.32	0.39	-0.13	-0.06	0.14	-0.02	-0.53	-0.2	0.36	0.35	-0.38	-0.39	0.21	-0.09		-0.28	-0.22	0.03
Other Stockholder Equity	0.92	0.74	0.29	0.48	0.88	0.93	0.94	0.14	0.88	0.07	0.86	0.43	0.23	-0.43	0.66	0.43	0.32	0.31	0.99	0.82	0.5	0.11	-0.28		0.84	0.69
Total Liab	0.89	0.94	0.68	0.51	0.65	0.92	0.8	0.49	0.94	0.12	0.59	0.13	0.63	-0.06	0.3	0.74	0.36	0.37	0.83	0.77	0.76	0.06	-0.22	0.84		0.75
Long Term Investments	0.88	0.83	0.56	0.9	0.8	0.83	0.8	0.4	0.86	0.72	0.62	0.42	0.54	-0.1	0.46	0.34	0.27	0.26	0.68	0.76	0.91	0.04	0.03	0.69	0.75

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Great Ajax Account Relationship Matchups

Great Ajax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Short Long Term Debt Total	771.5M	695.5M	678.4M	677.5M	621.6M	760.0M
Other Current Liab	7.1M	22.6M	34.7M	469.5M	2.0M	1.9M
Total Current Liabilities	421.2M	443.8M	580.8M	106.0M	2.0M	1.9M
Total Stockholder Equity	359.9M	485.4M	497.3M	335.3M	308.9M	356.4M
Net Tangible Assets	359.9M	370.2M	382.2M	300.8M	345.9M	325.9M
Property Plant And Equipment Net	1.3M	17.6M	1.5M	719K	826.9K	785.5K
Net Debt	707.2M	588.3M	594.0M	629.7M	568.7M	570.0M
Retained Earnings	49.4M	53.3M	66.4M	13.3M	(54.4M)	(51.7M)
Accounts Payable	7.1M	22.6M	11.1M	11.4M	13.2M	8.9M
Cash	64.3M	107.1M	84.4M	47.8M	52.8M	64.4M
Non Current Assets Total	319.3M	393.9M	521.8M	421.8M	323.4M	545.9M
Non Currrent Assets Other	(1.5M)	(719K)	(1.8B)	(1.5B)	(323.4M)	(307.2M)
Other Assets	1.2B	1.1B	1.1B	25.7M	952.7M	481.1M
Long Term Debt	118.8M	110.1M	102.8M	210.3M	621.6M	383.4M
Cash And Short Term Investments	64.3M	107.1M	84.4M	1.0B	52.8M	50.2M
Net Receivables	17.0M	15.8M	20.9M	991.0M	7.3M	6.9M
Common Stock Total Equity	222K	231K	233K	241K	277.2K	213.5K
Common Stock Shares Outstanding	28.2M	22.6M	30.3M	23.0M	24.3M	24.9M
Liabilities And Stockholders Equity	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Non Current Liabilities Total	771.5M	695.5M	678.4M	1.0B	103.5M	98.3M
Other Current Assets	(81.4M)	8.9M	16.5M	35.7M	(60.1M)	(57.1M)
Other Stockholder Equity	259.5M	316.3M	314.5M	312.9M	342.5M	294.4M
Total Liab	771.5M	695.5M	678.4M	1.1B	1.0B	860.0M
Long Term Investments	1.5B	1.5B	1.5B	1.2B	323.4M	307.2M
Total Current Assets	81.4M	122.9M	105.3M	1.0B	60.1M	57.1M
Accumulated Other Comprehensive Income	1.3M	375K	1.0M	(25.6M)	(14.0M)	(13.3M)
Short Term Debt	414.1M	421.1M	546.1M	106.0M	375.7M	332.3M
Common Stock	222K	231K	233K	241K	285K	223.5K
Property Plant Equipment	1.5M	719K	6.1M	6.3M	7.3M	4.3M
Noncontrolling Interest In Consolidated Entity	24.2M	29.1M	3.2M	2.1M	1.9M	1.8M
Retained Earnings Total Equity	49.4M	53.3M	66.4M	13.3M	15.3M	14.5M
Long Term Debt Total	118.8M	110.1M	102.8M	210.3M	189.3M	278.0M
Capital Surpluse	309.4M	317.4M	316.2M	322.4M	370.8M	307.6M

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Great Net Income vs Change In Working Capital Analysis

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Net Income

Change In Working Capital

Great Ajax fundamental ratios Correlations

Great Ajax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great Ajax fundamental ratios Accounts

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Net Receivables	+ 1.0	Cash And Short Term Investments
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Assets
Net Debt	+ 0.97	Total Assets
Net Debt	+ 0.96	Other Liab
Other Liab	+ 0.95	Total Assets

Other Current Assets	- 0.53	Other Assets
Cash And Short Term Investments	- 0.53	Non Currrent Assets Other
Net Receivables	- 0.51	Non Currrent Assets Other
Other Assets	- 0.51	Non Currrent Assets Other
Non Currrent Assets Other	- 0.47	Total Stockholder Equity
Common Stock Total Equity	- 0.44	Non Currrent Assets Other