Manaksia Capital Expenditures vs Change To Netincome Analysis

MANAKSTEEL

62.15 1.15 1.89%

Manaksia Steels financial indicator trend analysis is infinitely more than just investigating Manaksia Steels recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manaksia Steels is a good investment. Please check the relationship between Manaksia Steels Capital Expenditures and its Change To Netincome accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manaksia Steels Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manaksia Steels Capital Expenditures account and Change To Netincome. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Manaksia Steels' Capital Expenditures and Change To Netincome is -0.4. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Manaksia Steels Limited, assuming nothing else is changed. The correlation between historical values of Manaksia Steels' Capital Expenditures and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Manaksia Steels Limited are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Capital Expenditures i.e., Manaksia Steels' Capital Expenditures and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Manaksia Steels to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Manaksia Steels operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Netincome

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

Selling General Administrative is likely to drop to about 8.2 M in 2024. Tax Provision is likely to drop to about 74.1 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	967.3M	1.1B	208.5M	198.1M
Cost Of Revenue	4.7B	6.2B	5.8B	4.1B

Total Operating Expenses Cost Of Revenue

Manaksia Steels fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Other Liab	Net Tangible Assets
Total Assets		0.54	0.9	0.95	0.54	0.68	0.39	0.71	0.67	0.86	0.28	0.91	0.96	0.77	-0.12	0.43	0.11	0.54	0.48	-0.46	-0.41	0.01	0.18	-0.12	-0.6	0.69
Other Current Liab	0.54		0.22	0.72	0.05	0.44	-0.11	0.07	0.38	0.49	0.38	0.23	0.37	0.46	-0.36	0.27	0.6	0.71	0.41	-0.74	-0.19	0.01	0.09	-0.34	-0.21	0.72
Total Current Liabilities	0.9	0.22		0.71	0.6	0.52	0.61	0.74	0.52	0.68	0.19	1.0	0.91	0.56	0.04	0.47	-0.21	0.37	0.37	-0.2	-0.45	0.18	0.15	0.04	-0.69	0.42
Total Stockholder Equity	0.95	0.72	0.71		0.43	0.71	0.19	0.6	0.69	0.88	0.32	0.72	0.87	0.84	-0.23	0.35	0.32	0.61	0.5	-0.59	-0.34	-0.11	0.19	-0.22	-0.47	0.81
Net Debt	0.54	0.05	0.6	0.43		0.79	-0.15	0.31	0.72	0.28	-0.47	0.61	0.59	0.19	0.71	0.12	-0.09	0.22	0.69	-0.26	0.22	0.25	-0.1	0.71	-0.2	0.39
Retained Earnings	0.68	0.44	0.52	0.71	0.79		-0.15	0.33	0.89	0.5	-0.26	0.53	0.64	0.47	0.4	0.38	0.16	0.5	0.78	-0.65	0.13	0.16	0.19	0.42	-0.26	0.75
Accounts Payable	0.39	-0.11	0.61	0.19	-0.15	-0.15		0.54	-0.07	0.37	0.51	0.59	0.42	0.3	-0.4	0.55	-0.39	0.05	-0.23	0.24	-0.76	0.09	0.39	-0.4	-0.73	-0.12
Cash	0.71	0.07	0.74	0.6	0.31	0.33	0.54		0.37	0.8	0.11	0.74	0.72	0.75	-0.19	0.24	-0.45	0.19	0.15	-0.09	-0.6	-0.3	-0.12	-0.19	-0.57	0.21
Cash And Short Term Investments	0.67	0.38	0.52	0.69	0.72	0.89	-0.07	0.37		0.5	-0.15	0.53	0.68	0.52	0.39	0.35	0.14	0.39	0.71	-0.51	0.05	0.21	0.24	0.4	-0.36	0.74
Common Stock Shares Outstanding	0.86	0.49	0.68	0.88	0.28	0.5	0.37	0.8	0.5		0.4	0.69	0.8	0.96	-0.42	0.21	0.13	0.39	0.29	-0.3	-0.62	-0.45	0.02	-0.42	-0.55	0.48
Other Stockholder Equity	0.28	0.38	0.19	0.32	-0.47	-0.26	0.51	0.11	-0.15	0.4		0.19	0.25	0.32	-0.83	0.1	0.36	0.05	-0.35	0.07	-0.5	-0.3	0.31	-0.83	-0.21	0.01
Total Liab	0.91	0.23	1.0	0.72	0.61	0.53	0.59	0.74	0.53	0.69	0.19		0.92	0.57	0.04	0.46	-0.19	0.37	0.37	-0.21	-0.44	0.16	0.14	0.04	-0.67	0.43
Total Current Assets	0.96	0.37	0.91	0.87	0.59	0.64	0.42	0.72	0.68	0.8	0.25	0.92		0.7	-0.05	0.3	0.08	0.3	0.33	-0.26	-0.35	0.05	0.22	-0.05	-0.54	0.59
Common Stock	0.77	0.46	0.56	0.84	0.19	0.47	0.3	0.75	0.52	0.96	0.32	0.57	0.7		-0.4	0.23	0.13	0.42	0.32	-0.33	-0.61	-0.43	0.04	-0.4	-0.56	0.54
Short Long Term Debt Total	-0.12	-0.36	0.04	-0.23	0.71	0.4	-0.4	-0.19	0.39	-0.42	-0.83	0.04	-0.05	-0.4		0.01	-0.29	-0.05	0.5	-0.05	0.58	0.54	-0.14	1.0	0.11	0.05
Property Plant And Equipment Net	0.43	0.27	0.47	0.35	0.12	0.38	0.55	0.24	0.35	0.21	0.1	0.46	0.3	0.23	0.01		-0.23	0.68	0.49	-0.49	-0.36	0.45	0.55	0.04	-0.67	0.46
Current Deferred Revenue	0.11	0.6	-0.21	0.32	-0.09	0.16	-0.39	-0.45	0.14	0.13	0.36	-0.19	0.08	0.13	-0.29	-0.23		0.11	0.01	-0.19	0.16	-0.11	0.28	-0.29	0.23	0.41
Non Current Assets Total	0.54	0.71	0.37	0.61	0.22	0.5	0.05	0.19	0.39	0.39	0.05	0.37	0.3	0.42	-0.05	0.68	0.11		0.76	-0.85	-0.23	0.19	0.07	-0.02	-0.45	0.72
Non Currrent Assets Other	0.48	0.41	0.37	0.5	0.69	0.78	-0.23	0.15	0.71	0.29	-0.35	0.37	0.33	0.32	0.5	0.49	0.01	0.76		-0.72	0.1	0.24	-0.04	0.52	-0.31	0.66
Net Receivables	-0.46	-0.74	-0.2	-0.59	-0.26	-0.65	0.24	-0.09	-0.51	-0.3	0.07	-0.21	-0.26	-0.33	-0.05	-0.49	-0.19	-0.85	-0.72		-0.13	-0.23	-0.01	-0.08	0.11	-0.79
Non Current Liabilities Total	-0.41	-0.19	-0.45	-0.34	0.22	0.13	-0.76	-0.6	0.05	-0.62	-0.5	-0.44	-0.35	-0.61	0.58	-0.36	0.16	-0.23	0.1	-0.13		0.29	-0.12	0.59	0.81	0.03
Inventory	0.01	0.01	0.18	-0.11	0.25	0.16	0.09	-0.3	0.21	-0.45	-0.3	0.16	0.05	-0.43	0.54	0.45	-0.11	0.19	0.24	-0.23	0.29		0.3	0.54	-0.2	0.27
Other Current Assets	0.18	0.09	0.15	0.19	-0.1	0.19	0.39	-0.12	0.24	0.02	0.31	0.14	0.22	0.04	-0.14	0.55	0.28	0.07	-0.04	-0.01	-0.12	0.3		-0.12	-0.28	0.32
Short Term Debt	-0.12	-0.34	0.04	-0.22	0.71	0.42	-0.4	-0.19	0.4	-0.42	-0.83	0.04	-0.05	-0.4	1.0	0.04	-0.29	-0.02	0.52	-0.08	0.59	0.54	-0.12		0.12	0.07
Other Liab	-0.6	-0.21	-0.69	-0.47	-0.2	-0.26	-0.73	-0.57	-0.36	-0.55	-0.21	-0.67	-0.54	-0.56	0.11	-0.67	0.23	-0.45	-0.31	0.11	0.81	-0.2	-0.28	0.12		-0.29
Net Tangible Assets	0.69	0.72	0.42	0.81	0.39	0.75	-0.12	0.21	0.74	0.48	0.01	0.43	0.59	0.54	0.05	0.46	0.41	0.72	0.66	-0.79	0.03	0.27	0.32	0.07	-0.29

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Manaksia Steels Account Relationship Matchups

Manaksia Steels fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.0B	3.5B	3.5B	4.2B	5.2B	3.5B
Other Current Liab	176.8M	441.8M	546.5M	560.1M	132.6M	215.7M
Total Current Liabilities	2.1B	1.2B	780.6M	1.2B	2.1B	1.4B
Total Stockholder Equity	1.9B	2.2B	2.7B	2.9B	3.0B	2.1B
Net Debt	174.0M	506.3M	(57.7M)	374.3M	1.6B	1.6B
Retained Earnings	573.2M	838.1M	1.2B	1.3B	2.4B	2.5B
Accounts Payable	1.3B	103.3M	128.7M	151.2M	104.4M	99.2M
Cash	435.2M	164.1M	153.2M	114.4M	292.9M	233.2M
Cash And Short Term Investments	463.1M	202.6M	375.0M	1.3B	1.5B	1.6B
Liabilities And Stockholders Equity	4.0B	3.5B	3.5B	4.2B	5.2B	3.5B
Total Liab	2.1B	1.3B	840.5M	1.3B	2.2B	1.5B
Total Current Assets	2.6B	1.4B	2.1B	2.9B	3.7B	2.4B
Short Long Term Debt Total	609.2M	670.5M	95.4M	488.7M	1.9B	2.0B
Property Plant And Equipment Net	1.0B	885.9M	818.5M	789.7M	906.0M	882.6M
Current Deferred Revenue	(593.2M)	148.8M	551.4M	553.0M	2.4M	2.3M
Non Current Assets Total	1.4B	2.1B	1.4B	1.3B	1.4B	1.2B
Net Receivables	446.7M	200.4M	299.2M	286.7M	262.3M	475.9M
Non Current Liabilities Total	26.3M	50.2M	59.9M	77.8M	97.6M	65.7M
Inventory	1.4B	861.4M	1.0B	1.3B	1.4B	1.1B
Other Current Assets	341.0M	119.5M	622.7M	515.1M	546.8M	458.3M
Accumulated Other Comprehensive Income	(298.6M)	857.2M	935.7M	1.1B	873.3M	916.9M
Short Term Debt	593.2M	657.5M	85.6M	485.6M	1.9B	1.9B
Other Liab	22.6M	10.3M	37.2M	50.0M	45.0M	28.7M
Net Tangible Assets	1.9B	1.9B	2.2B	2.7B	3.1B	2.1B
Other Assets	32.7M	162.2M	223.0M	52.6M	60.5M	66.1M
Property Plant Equipment	1.0B	885.9M	818.5M	789.7M	908.2M	890.7M
Long Term Debt Total	16.0M	13.0M	9.8M	3.1M	2.8M	2.7M
Short Long Term Debt	589.3M	653.0M	82.1M	481.7M	1.9B	1.9B
Short Term Investments	27.8M	38.5M	221.8M	1.2B	1.5B	1.5B
Net Invested Capital	2.5B	2.9B	2.7B	3.4B	4.9B	3.3B
Net Working Capital	542.5M	166.5M	1.4B	1.7B	1.7B	1.1B

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Manaksia Capital Expenditures vs Change To Netincome Analysis

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change To Netincome

Manaksia Steels fundamental ratios Correlations

Manaksia Steels Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Manaksia Steels fundamental ratios Accounts

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Additional Tools for Manaksia Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 0.96	Total Assets
Common Stock	+ 0.96	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.95	Total Assets
Total Current Assets	+ 0.92	Total Liab

Net Receivables	- 0.85	Non Current Assets Total
Short Term Debt	- 0.83	Other Stockholder Equity
Short Long Term Debt Total	- 0.83	Other Stockholder Equity
Net Tangible Assets	- 0.79	Net Receivables
Non Current Liabilities Total	- 0.76	Accounts Payable
Net Receivables	- 0.74	Other Current Liab