Manaksia Inventory vs Total Current Liabilities Analysis

MANAKSTEEL

61.17 1.94 3.28%

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 Inventory and its Total Current Liabilities 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.

Inventory vs Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manaksia Steels Inventory account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Manaksia Steels' Inventory and Total Current Liabilities is 0.18. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities 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' Inventory and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Manaksia Steels Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Inventory i.e., Manaksia Steels' Inventory and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

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Inventory

Total Current Liabilities

Total Current Liabilities is an item on Manaksia Steels balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Manaksia Steels Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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		0.52	0.9	0.95	0.54	0.68	0.39	0.71	0.67	0.86	0.09	0.91	0.96	0.77	-0.12	0.5	0.11	0.54	0.24	-0.42	-0.41	0.01	-0.63	-0.13	-0.6	0.69
Other Current Liab	0.52		0.35	0.58	-0.01	0.32	0.2	0.41	0.31	0.45	-0.21	0.35	0.36	0.43	-0.3	0.38	-0.02	0.68	0.5	-0.69	-0.36	0.13	-0.26	-0.31	-0.41	0.54
Total Current Liabilities	0.9	0.35		0.71	0.6	0.52	0.61	0.74	0.52	0.68	-0.05	1.0	0.91	0.56	0.04	0.53	-0.21	0.37	0.12	-0.15	-0.45	0.18	-0.53	0.04	-0.69	0.42
Total Stockholder Equity	0.95	0.58	0.71		0.43	0.71	0.19	0.6	0.69	0.88	0.17	0.72	0.87	0.84	-0.23	0.42	0.32	0.61	0.3	-0.56	-0.34	-0.11	-0.64	-0.23	-0.47	0.81
Net Debt	0.54	-0.01	0.6	0.43		0.79	-0.15	0.31	0.72	0.28	0.28	0.61	0.59	0.19	0.71	0.27	-0.09	0.22	0.03	-0.26	0.22	0.25	-0.19	0.71	-0.2	0.39
Retained Earnings	0.68	0.32	0.52	0.71	0.79		-0.15	0.33	0.89	0.5	0.07	0.53	0.64	0.47	0.4	0.5	0.16	0.5	0.12	-0.64	0.13	0.16	-0.42	0.4	-0.26	0.75
Accounts Payable	0.39	0.2	0.61	0.19	-0.15	-0.15		0.54	-0.07	0.37	-0.53	0.59	0.42	0.3	-0.4	0.45	-0.39	0.05	-0.08	0.31	-0.76	0.09	-0.41	-0.4	-0.73	-0.12
Cash	0.71	0.41	0.74	0.6	0.31	0.33	0.54		0.37	0.8	-0.01	0.74	0.72	0.75	-0.19	0.28	-0.45	0.19	-0.09	-0.06	-0.6	-0.3	-0.27	-0.19	-0.57	0.21
Cash And Short Term Investments	0.67	0.31	0.52	0.69	0.72	0.89	-0.07	0.37		0.5	0.11	0.53	0.68	0.52	0.39	0.47	0.14	0.39	0.05	-0.49	0.05	0.21	-0.41	0.39	-0.36	0.74
Common Stock Shares Outstanding	0.86	0.45	0.68	0.88	0.28	0.5	0.37	0.8	0.5		0.21	0.69	0.8	0.96	-0.42	0.23	0.13	0.39	0.17	-0.26	-0.62	-0.45	-0.62	-0.42	-0.55	0.48
Other Stockholder Equity	0.09	-0.21	-0.05	0.17	0.28	0.07	-0.53	-0.01	0.11	0.21		-0.03	0.17	0.17	0.05	-0.73	0.46	-0.3	-0.09	0.13	0.23	-0.4	0.18	0.05	0.38	0.0
Total Liab	0.91	0.35	1.0	0.72	0.61	0.53	0.59	0.74	0.53	0.69	-0.03		0.92	0.57	0.04	0.52	-0.19	0.37	0.12	-0.17	-0.44	0.16	-0.53	0.04	-0.67	0.43
Total Current Assets	0.96	0.36	0.91	0.87	0.59	0.64	0.42	0.72	0.68	0.8	0.17	0.92		0.7	-0.05	0.39	0.08	0.3	-0.01	-0.22	-0.35	0.05	-0.5	-0.05	-0.54	0.59
Common Stock	0.77	0.43	0.56	0.84	0.19	0.47	0.3	0.75	0.52	0.96	0.17	0.57	0.7		-0.4	0.27	0.13	0.42	0.17	-0.29	-0.61	-0.43	-0.65	-0.4	-0.56	0.54
Short Long Term Debt Total	-0.12	-0.3	0.04	-0.23	0.71	0.4	-0.4	-0.19	0.39	-0.42	0.05	0.04	-0.05	-0.4		0.14	-0.29	-0.05	-0.12	-0.07	0.58	0.54	0.24	1.0	0.11	0.05
Property Plant And Equipment Net	0.5	0.38	0.53	0.42	0.27	0.5	0.45	0.28	0.47	0.23	-0.73	0.52	0.39	0.27	0.14		-0.23	0.69	0.3	-0.49	-0.23	0.49	-0.59	0.14	-0.61	0.58
Current Deferred Revenue	0.11	-0.02	-0.21	0.32	-0.09	0.16	-0.39	-0.45	0.14	0.13	0.46	-0.19	0.08	0.13	-0.29	-0.23		0.11	0.16	-0.19	0.16	-0.11	-0.29	-0.29	0.23	0.41
Non Current Assets Total	0.54	0.68	0.37	0.61	0.22	0.5	0.05	0.19	0.39	0.39	-0.3	0.37	0.3	0.42	-0.05	0.69	0.11		0.8	-0.82	-0.23	0.19	-0.64	-0.05	-0.45	0.72
Non Currrent Assets Other	0.24	0.5	0.12	0.3	0.03	0.12	-0.08	-0.09	0.05	0.17	-0.09	0.12	-0.01	0.17	-0.12	0.3	0.16	0.8		-0.62	-0.14	0.07	-0.49	-0.13	-0.21	0.34
Net Receivables	-0.42	-0.69	-0.15	-0.56	-0.26	-0.64	0.31	-0.06	-0.49	-0.26	0.13	-0.17	-0.22	-0.29	-0.07	-0.49	-0.19	-0.82	-0.62		-0.2	-0.21	0.3	-0.07	0.04	-0.77
Non Current Liabilities Total	-0.41	-0.36	-0.45	-0.34	0.22	0.13	-0.76	-0.6	0.05	-0.62	0.23	-0.44	-0.35	-0.61	0.58	-0.23	0.16	-0.23	-0.14	-0.2		0.29	0.57	0.58	0.81	0.03
Inventory	0.01	0.13	0.18	-0.11	0.25	0.16	0.09	-0.3	0.21	-0.45	-0.4	0.16	0.05	-0.43	0.54	0.49	-0.11	0.19	0.07	-0.21	0.29		-0.03	0.53	-0.2	0.27
Other Current Assets	-0.63	-0.26	-0.53	-0.64	-0.19	-0.42	-0.41	-0.27	-0.41	-0.62	0.18	-0.53	-0.5	-0.65	0.24	-0.59	-0.29	-0.64	-0.49	0.3	0.57	-0.03		0.24	0.73	-0.53
Short Term Debt	-0.13	-0.31	0.04	-0.23	0.71	0.4	-0.4	-0.19	0.39	-0.42	0.05	0.04	-0.05	-0.4	1.0	0.14	-0.29	-0.05	-0.13	-0.07	0.58	0.53	0.24		0.12	0.05
Other Liab	-0.6	-0.41	-0.69	-0.47	-0.2	-0.26	-0.73	-0.57	-0.36	-0.55	0.38	-0.67	-0.54	-0.56	0.11	-0.61	0.23	-0.45	-0.21	0.04	0.81	-0.2	0.73	0.12		-0.29
Net Tangible Assets	0.69	0.54	0.42	0.81	0.39	0.75	-0.12	0.21	0.74	0.48	0.0	0.43	0.59	0.54	0.05	0.58	0.41	0.72	0.34	-0.77	0.03	0.27	-0.53	0.05	-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	790.2M	441.8M	546.5M	560.1M	132.6M	261.3M
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
Other Stockholder Equity	(1.4B)	(1.5B)	467.4M	1.3B	467.4M	420.2M
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	1.1B	897.2M
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	481.2M	200.4M	299.2M	286.7M	262.3M	488.6M
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	787.6M	119.5M	622.7M	515.1M	546.8M	516.1M
Accumulated Other Comprehensive Income	(298.6M)	857.2M	935.7M	1.1B	59.4M	81.5M
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 Inventory vs Total Current Liabilities Analysis

Inventory vs Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Inventory

Total Current Liabilities

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

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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	- 0.82	Non Current Assets Total
Net Tangible Assets	- 0.77	Net Receivables
Non Current Liabilities Total	- 0.76	Accounts Payable
Property Plant And Equipment Net	- 0.73	Other Stockholder Equity
Other Liab	- 0.73	Accounts Payable
Other Liab	- 0.69	Total Current Liabilities