Himax Depreciation vs Free Cash Flow Analysis

HIMX Stock

USD 9.71 0.17 1.78%

Himax Technologies financial indicator trend analysis is much more than just examining Himax Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himax Technologies is a good investment. Please check the relationship between Himax Technologies Depreciation and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himax Technologies Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have very week relationship.

The correlation between Himax Technologies' Depreciation and Free Cash Flow is 0.29. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Himax Technologies, assuming nothing else is changed. The correlation between historical values of Himax Technologies' Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Himax Technologies are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Himax Technologies' Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Depreciation

Depreciation indicates how much of Himax Technologies value has been used up. For tax purposes Himax Technologies can deduct the cost of the tangible assets it purchases as business expenses. However, Himax Technologies must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Himax Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himax Technologies 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.Selling General Administrative is likely to drop to about 20.2 M in 2025. Tax Provision is likely to drop to about 95 K in 2025

	2022	2023	2024	2025 (projected)
Gross Profit	487.1M	263.5M	303.0M	208.4M
Total Revenue	1.2B	945.4M	1.1B	799.9M

Gross Profit Total Revenue

Himax Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Other Assets	Long Term Debt
Total Assets		0.97	0.99	1.0	0.7	0.35	0.69	0.97	0.93	0.7	0.72	0.56	0.74	0.84	0.73	0.9	0.54	1.0	0.99	0.45	0.92	0.68	0.29	0.99	0.37	0.06
Other Current Liab	0.97		0.98	0.95	0.8	0.15	0.56	0.97	0.95	0.57	0.57	0.41	0.76	0.83	0.67	0.93	0.39	0.98	0.95	0.29	0.96	0.65	0.19	0.97	0.31	-0.12
Total Current Liabilities	0.99	0.98		0.98	0.77	0.28	0.62	0.96	0.92	0.63	0.65	0.55	0.7	0.79	0.72	0.91	0.53	0.99	0.98	0.44	0.96	0.68	0.21	0.97	0.29	0.05
Total Stockholder Equity	1.0	0.95	0.98		0.66	0.39	0.72	0.95	0.91	0.72	0.75	0.6	0.72	0.83	0.73	0.89	0.58	0.99	1.0	0.49	0.9	0.66	0.3	0.99	0.38	0.11
Net Debt	0.7	0.8	0.77	0.66		-0.34	0.01	0.75	0.73	0.03	0.04	0.2	0.45	0.4	0.44	0.82	0.14	0.73	0.66	0.09	0.92	0.45	-0.22	0.68	-0.18	-0.27
Accounts Payable	0.35	0.15	0.28	0.39	-0.34		0.77	0.24	0.11	0.76	0.85	0.69	0.22	0.37	0.3	0.01	0.71	0.31	0.39	0.69	0.01	0.39	0.42	0.3	0.49	0.72
Cash	0.69	0.56	0.62	0.72	0.01	0.77		0.59	0.55	1.0	0.96	0.59	0.69	0.76	0.65	0.45	0.66	0.66	0.72	0.61	0.39	0.59	0.57	0.69	0.64	0.34
Non Current Assets Total	0.97	0.97	0.96	0.95	0.75	0.24	0.59		0.96	0.6	0.64	0.43	0.77	0.84	0.59	0.87	0.41	0.97	0.93	0.32	0.93	0.72	0.18	0.96	0.32	-0.07
Non Currrent Assets Other	0.93	0.95	0.92	0.91	0.73	0.11	0.55	0.96		0.56	0.55	0.25	0.76	0.84	0.55	0.9	0.23	0.93	0.89	0.13	0.9	0.55	0.19	0.96	0.31	-0.28
Cash And Short Term Investments	0.7	0.57	0.63	0.72	0.03	0.76	1.0	0.6	0.56		0.96	0.58	0.7	0.77	0.63	0.45	0.65	0.67	0.72	0.6	0.4	0.62	0.54	0.69	0.64	0.34
Net Receivables	0.72	0.57	0.65	0.75	0.04	0.85	0.96	0.64	0.55	0.96		0.7	0.63	0.74	0.62	0.42	0.74	0.68	0.74	0.69	0.41	0.66	0.53	0.7	0.63	0.47
Common Stock Total Equity	0.56	0.41	0.55	0.6	0.2	0.69	0.59	0.43	0.25	0.58	0.7		0.23	0.26	0.56	0.36	0.96	0.52	0.6	0.97	0.41	0.54	0.11	0.46	0.11	0.85
Common Stock Shares Outstanding	0.74	0.76	0.7	0.72	0.45	0.22	0.69	0.77	0.76	0.7	0.63	0.23		0.89	0.58	0.66	0.31	0.75	0.71	0.24	0.65	0.74	0.35	0.76	0.45	-0.19
Non Current Liabilities Total	0.84	0.83	0.79	0.83	0.4	0.37	0.76	0.84	0.84	0.77	0.74	0.26	0.89		0.61	0.7	0.33	0.85	0.83	0.2	0.67	0.66	0.54	0.88	0.66	-0.13
Inventory	0.73	0.67	0.72	0.73	0.44	0.3	0.65	0.59	0.55	0.63	0.62	0.56	0.58	0.61		0.61	0.64	0.72	0.77	0.58	0.61	0.59	0.62	0.71	0.53	0.23
Other Current Assets	0.9	0.93	0.91	0.89	0.82	0.01	0.45	0.87	0.9	0.45	0.42	0.36	0.66	0.7	0.61		0.33	0.9	0.89	0.24	0.94	0.42	0.07	0.91	0.08	-0.17
Other Stockholder Equity	0.54	0.39	0.53	0.58	0.14	0.71	0.66	0.41	0.23	0.65	0.74	0.96	0.31	0.33	0.64	0.33		0.51	0.59	0.96	0.37	0.59	0.24	0.45	0.25	0.81
Total Liab	1.0	0.98	0.99	0.99	0.73	0.31	0.66	0.97	0.93	0.67	0.68	0.52	0.75	0.85	0.72	0.9	0.51		0.99	0.41	0.94	0.7	0.27	0.99	0.37	0.02
Total Current Assets	0.99	0.95	0.98	1.0	0.66	0.39	0.72	0.93	0.89	0.72	0.74	0.6	0.71	0.83	0.77	0.89	0.59	0.99		0.5	0.9	0.65	0.33	0.98	0.38	0.12
Common Stock	0.45	0.29	0.44	0.49	0.09	0.69	0.61	0.32	0.13	0.6	0.69	0.97	0.24	0.2	0.58	0.24	0.96	0.41	0.5		0.29	0.55	0.15	0.35	0.15	0.87
Short Long Term Debt Total	0.92	0.96	0.96	0.9	0.92	0.01	0.39	0.93	0.9	0.4	0.41	0.41	0.65	0.67	0.61	0.94	0.37	0.94	0.9	0.29		0.6	0.01	0.9	0.08	-0.11
Property Plant And Equipment Net	0.68	0.65	0.68	0.66	0.45	0.39	0.59	0.72	0.55	0.62	0.66	0.54	0.74	0.66	0.59	0.42	0.59	0.7	0.65	0.55	0.6		0.25	0.63	0.44	0.23
Current Deferred Revenue	0.29	0.19	0.21	0.3	-0.22	0.42	0.57	0.18	0.19	0.54	0.53	0.11	0.35	0.54	0.62	0.07	0.24	0.27	0.33	0.15	0.01	0.25		0.33	0.86	0.07
Retained Earnings	0.99	0.97	0.97	0.99	0.68	0.3	0.69	0.96	0.96	0.69	0.7	0.46	0.76	0.88	0.71	0.91	0.45	0.99	0.98	0.35	0.9	0.63	0.33		0.41	-0.05
Other Assets	0.37	0.31	0.29	0.38	-0.18	0.49	0.64	0.32	0.31	0.64	0.63	0.11	0.45	0.66	0.53	0.08	0.25	0.37	0.38	0.15	0.08	0.44	0.86	0.41		0.05
Long Term Debt	0.06	-0.12	0.05	0.11	-0.27	0.72	0.34	-0.07	-0.28	0.34	0.47	0.85	-0.19	-0.13	0.23	-0.17	0.81	0.02	0.12	0.87	-0.11	0.23	0.07	-0.05	0.05

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Himax Technologies Account Relationship Matchups

Himax Technologies fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	909.8M	1.6B	1.7B	1.6B	1.9B	2.0B
Other Current Liab	52.2M	94.2M	123.1M	122.0M	140.3M	147.3M
Total Current Liabilities	352.2M	601.2M	694.0M	708.8M	815.1M	855.9M
Total Stockholder Equity	480.2M	869.7M	892.6M	856.8M	985.3M	1.0B
Net Debt	(22.4M)	(132.1M)	194.2M	306.4M	352.3M	370.0M
Accounts Payable	173.5M	248.4M	122.0M	107.3M	123.4M	131.1M
Cash	184.9M	336.0M	221.6M	191.7M	220.5M	135.9M
Non Current Assets Total	215.4M	410.4M	365.0M	442.8M	509.2M	534.7M
Non Currrent Assets Other	12.9M	217.8M	175.6M	242.8M	279.2M	293.2M
Cash And Short Term Investments	201.4M	364.4M	229.9M	206.4M	237.3M	146.0M
Net Receivables	244.9M	411.5M	262.4M	237.3M	272.9M	217.9M
Common Stock Shares Outstanding	346.8M	349.7M	349.6M	349.6M	402.0M	230.4M
Liabilities And Stockholders Equity	909.8M	1.6B	1.7B	1.6B	1.9B	2.0B
Non Current Liabilities Total	72.4M	130.0M	113.9M	70.9M	81.5M	85.6M
Inventory	108.7M	198.6M	370.9M	217.3M	249.9M	146.2M
Other Current Assets	139.4M	218.4M	473.6M	539.6M	620.5M	651.5M
Other Stockholder Equity	100.8M	103.1M	106.7M	109.5M	98.5M	88.8M
Total Liab	424.6M	731.2M	807.9M	779.7M	896.7M	941.5M
Total Current Assets	694.4M	1.2B	1.3B	1.2B	1.4B	1.4B
Short Long Term Debt Total	162.5M	203.9M	415.8M	498.1M	572.9M	601.5M
Property Plant And Equipment Net	132.1M	133.2M	126.1M	130.1M	149.6M	80.5M
Current Deferred Revenue	6.6M	37.7M	49.2M	552K	634.8K	603.1K
Retained Earnings	272.9M	660.3M	679.1M	640.4M	736.5M	773.3M
Other Assets	29.5M	225.0M	187.4M	(124.3K)	(142.9K)	(135.8K)
Short Term Investments	16.5M	28.4M	8.3M	14.6M	16.8M	11.1M
Property Plant And Equipment Gross	132.1M	303.9M	312.2M	330.6M	380.2M	399.2M
Accumulated Other Comprehensive Income	(548K)	(666K)	(218K)	(180K)	(162K)	(170.1K)
Short Term Debt	113.1M	162.0M	379.5M	463.6M	533.2M	559.8M
Intangible Assets	7.9M	6.6M	1.1M	816K	938.4K	891.5K
Property Plant Equipment	138.4M	131.2M	133.2M	126.1M	145.1M	73.1M
Other Liab	3.6M	12.5M	83.5M	73.4M	84.5M	88.7M
Net Tangible Assets	396.1M	444.2M	835.0M	863.3M	992.8M	557.7M
Long Term Investments	18.7M	17.4M	22.2M	26.8M	30.8M	19.4M
Short Long Term Debt	110M	157.4M	375.3M	459M	527.9M	554.2M

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Himax Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Himax Technologies fundamental ratios Correlations

Himax Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Himax Technologies fundamental ratios Accounts

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Additional Tools for Himax Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Accounts Payable	- 0.34	Net Debt
Long Term Debt	- 0.28	Non Currrent Assets Other
Long Term Debt	- 0.27	Net Debt
Current Deferred Revenue	- 0.22	Net Debt
Long Term Debt	- 0.19	Common Stock Shares Outstanding
Other Assets	- 0.18	Net Debt