908 Net Invested Capital vs Capital Surpluse Analysis

MASS Stock

USD 2.74 0.18 7.03%

908 Devices financial indicator trend analysis is way more than just evaluating 908 Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 908 Devices is a good investment. Please check the relationship between 908 Devices Net Invested Capital and its Capital Surpluse accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Net Invested Capital vs Capital Surpluse

Net Invested Capital vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 908 Devices Net Invested Capital account and Capital Surpluse. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between 908 Devices' Net Invested Capital and Capital Surpluse is 0.5. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of 908 Devices, assuming nothing else is changed. The correlation between historical values of 908 Devices' Net Invested Capital and Capital Surpluse 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 Invested Capital of 908 Devices are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Invested Capital i.e., 908 Devices' Net Invested Capital and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Surpluse

Most indicators from 908 Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 908 Devices 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 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.Selling General Administrative is likely to drop to about 28.5 M in 2024. Tax Provision is likely to gain to about (200.4 K) in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	486K	129K	201K	191.0K
Depreciation And Amortization	925K	1.6M	2.4M	1.4M

Interest Expense Depreciation And Amortization

908 Devices 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	Current Deferred Revenue	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	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.32	0.92	0.92	1.0	0.92	0.97	-0.84	0.81	-0.99	-0.82	0.99	0.99	0.54	0.04	0.9	0.86	1.0	0.83	0.97	0.9	-0.9	-0.84	0.82	0.92	0.92
Short Long Term Debt Total	-0.32		-0.53	-0.57	-0.34	-0.65	-0.49	0.11	-0.78	0.26	0.76	-0.39	-0.21	-0.72	-0.37	-0.54	-0.38	-0.26	-0.19	-0.41	-0.44	0.61	0.39	-0.64	-0.46	-0.5
Other Current Liab	0.92	-0.53		0.98	0.92	0.94	0.91	-0.68	0.9	-0.88	-0.91	0.95	0.86	0.81	-0.09	0.98	0.83	0.89	0.72	0.93	0.9	-0.86	-0.92	0.96	0.97	0.97
Total Current Liabilities	0.92	-0.57	0.98		0.92	0.95	0.92	-0.65	0.92	-0.87	-0.94	0.93	0.85	0.81	0.05	0.98	0.89	0.88	0.67	0.96	0.93	-0.89	-0.84	0.97	0.94	0.96
Total Stockholder Equity	1.0	-0.34	0.92	0.92		0.92	0.97	-0.81	0.81	-0.99	-0.82	0.98	0.98	0.55	0.06	0.9	0.84	0.99	0.81	0.98	0.89	-0.92	-0.82	0.81	0.91	0.91
Other Liab	0.92	-0.65	0.94	0.95	0.92		0.97	-0.77	0.97	-0.89	-0.97	0.93	0.87	0.71	0.17	0.91	0.87	0.9	0.69	0.93	0.93	-0.95	-0.84	0.9	0.89	0.9
Net Tangible Assets	0.97	-0.49	0.91	0.92	0.97	0.97		-0.83	0.9	-0.96	-0.89	0.96	0.95	0.56	0.2	0.89	0.86	0.97	0.79	0.96	0.91	-0.97	-0.8	0.82	0.89	0.9
Property Plant And Equipment Net	-0.84	0.11	-0.68	-0.65	-0.81	-0.77	-0.83		-0.65	0.88	0.65	-0.81	-0.89	-0.21	-0.01	-0.58	-0.77	-0.87	-0.68	-0.74	-0.8	0.72	0.76	-0.53	-0.67	-0.64
Current Deferred Revenue	0.81	-0.78	0.9	0.92	0.81	0.97	0.9	-0.65		-0.77	-1.0	0.83	0.74	0.77	0.23	0.87	0.84	0.77	0.59	0.84	0.89	-0.9	-0.78	0.91	0.84	0.86
Net Debt	-0.99	0.26	-0.88	-0.87	-0.99	-0.89	-0.96	0.88	-0.77		0.77	-0.98	-1.0	-0.46	-0.04	-0.85	-0.83	-1.0	-0.84	-0.95	-0.87	0.89	0.82	-0.75	-0.89	-0.88
Retained Earnings	-0.82	0.76	-0.91	-0.94	-0.82	-0.97	-0.89	0.65	-1.0	0.77		-0.84	-0.74	-0.8	-0.19	-0.9	-0.87	-0.78	-0.58	-0.86	-0.91	0.89	0.8	-0.94	-0.86	-0.88
Accounts Payable	0.99	-0.39	0.95	0.93	0.98	0.93	0.96	-0.81	0.83	-0.98	-0.84		0.97	0.61	-0.01	0.92	0.81	0.98	0.85	0.96	0.87	-0.9	-0.89	0.84	0.95	0.95
Cash	0.99	-0.21	0.86	0.85	0.98	0.87	0.95	-0.89	0.74	-1.0	-0.74	0.97		0.42	0.03	0.83	0.82	1.0	0.84	0.94	0.86	-0.87	-0.81	0.72	0.87	0.86
Non Current Assets Total	0.54	-0.72	0.81	0.81	0.55	0.71	0.56	-0.21	0.77	-0.46	-0.8	0.61	0.42		-0.22	0.8	0.58	0.47	0.24	0.65	0.66	-0.6	-0.73	0.9	0.71	0.74
Non Currrent Assets Other	0.04	-0.37	-0.09	0.05	0.06	0.17	0.2	-0.01	0.23	-0.04	-0.19	-0.01	0.03	-0.22		0.03	0.18	0.06	0.2	0.09	0.07	-0.25	0.37	0.0	-0.01	0.02
Other Assets	0.9	-0.54	0.98	0.98	0.9	0.91	0.89	-0.58	0.87	-0.85	-0.9	0.92	0.83	0.8	0.03		0.83	0.86	0.73	0.94	0.87	-0.85	-0.82	0.97	0.97	0.98
Long Term Debt	0.86	-0.38	0.83	0.89	0.84	0.87	0.86	-0.77	0.84	-0.83	-0.87	0.81	0.82	0.58	0.18	0.83		0.85	0.58	0.88	0.98	-0.76	-0.71	0.85	0.8	0.81
Cash And Short Term Investments	1.0	-0.26	0.89	0.88	0.99	0.9	0.97	-0.87	0.77	-1.0	-0.78	0.98	1.0	0.47	0.06	0.86	0.85		0.83	0.96	0.88	-0.89	-0.81	0.76	0.89	0.88
Net Receivables	0.83	-0.19	0.72	0.67	0.81	0.69	0.79	-0.68	0.59	-0.84	-0.58	0.85	0.84	0.24	0.2	0.73	0.58	0.83		0.73	0.6	-0.68	-0.61	0.57	0.84	0.82
Common Stock Total Equity	0.97	-0.41	0.93	0.96	0.98	0.93	0.96	-0.74	0.84	-0.95	-0.86	0.96	0.94	0.65	0.09	0.94	0.88	0.96	0.73		0.91	-0.92	-0.8	0.87	0.9	0.92
Common Stock Shares Outstanding	0.9	-0.44	0.9	0.93	0.89	0.93	0.91	-0.8	0.89	-0.87	-0.91	0.87	0.86	0.66	0.07	0.87	0.98	0.88	0.6	0.91		-0.82	-0.82	0.9	0.85	0.86
Non Current Liabilities Total	-0.9	0.61	-0.86	-0.89	-0.92	-0.95	-0.97	0.72	-0.9	0.89	0.89	-0.9	-0.87	-0.6	-0.25	-0.85	-0.76	-0.89	-0.68	-0.92	-0.82		0.74	-0.79	-0.81	-0.83
Capital Lease Obligations	-0.84	0.39	-0.92	-0.84	-0.82	-0.84	-0.8	0.76	-0.78	0.82	0.8	-0.89	-0.81	-0.73	0.37	-0.82	-0.71	-0.81	-0.61	-0.8	-0.82	0.74		-0.82	-0.86	-0.84
Inventory	0.82	-0.64	0.96	0.97	0.81	0.9	0.82	-0.53	0.91	-0.75	-0.94	0.84	0.72	0.9	0.0	0.97	0.85	0.76	0.57	0.87	0.9	-0.79	-0.82		0.91	0.93
Other Current Assets	0.92	-0.46	0.97	0.94	0.91	0.89	0.89	-0.67	0.84	-0.89	-0.86	0.95	0.87	0.71	-0.01	0.97	0.8	0.89	0.84	0.9	0.85	-0.81	-0.86	0.91		1.0
Other Stockholder Equity	0.92	-0.5	0.97	0.96	0.91	0.9	0.9	-0.64	0.86	-0.88	-0.88	0.95	0.86	0.74	0.02	0.98	0.81	0.88	0.82	0.92	0.86	-0.83	-0.84	0.93	1.0

Click cells to compare fundamentals

908 Devices Account Relationship Matchups

908 Devices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Short Long Term Debt Total	22.8M	21.9M	20.9M	16.5M	5.9M	5.6M
Other Current Liab	2.9M	3.9M	5.6M	7.4M	6.7M	5.4M
Total Current Liabilities	6.1M	10.8M	14.8M	19.2M	22.5M	14.3M
Total Stockholder Equity	(63.2M)	139.0M	214.6M	190.6M	165.5M	109.3M
Other Liab	1.3M	8.8M	12.0M	14.7M	16.9M	17.8M
Net Tangible Assets	(63.2M)	139.0M	214.6M	172.1M	197.9M	207.8M
Property Plant And Equipment Net	8.6M	7.1M	6.8M	7.0M	9.6M	6.5M
Current Deferred Revenue	1.5M	3.1M	5.2M	7.5M	10.6M	11.2M
Net Debt	4.9M	(137.4M)	(203.2M)	(172.0M)	(115.1M)	(120.9M)
Retained Earnings	(65.6M)	(78.5M)	(100.6M)	(134.2M)	(170.6M)	(162.1M)
Accounts Payable	577K	1.0M	1.4M	1.4M	1.2M	1.1M
Cash	17.9M	159.2M	224.1M	188.4M	121.0M	131.6M
Non Current Assets Total	9.1M	7.9M	8.0M	27.0M	29.2M	16.8M
Non Currrent Assets Other	511K	723K	1.2M	(1.3M)	1.4M	1.5M
Other Assets	511K	723K	1.2M	1.4M	1.6M	962.9K
Cash And Short Term Investments	17.9M	159.2M	224.1M	188.4M	145.7M	136.1M
Net Receivables	5.1M	6.9M	16.4M	10.0M	9.0M	9.8M
Common Stock Shares Outstanding	26.2M	27.3M	28.0M	31.5M	32.2M	30.1M
Liabilities And Stockholders Equity	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Non Current Liabilities Total	94.8M	29.0M	31.5M	32.8M	14.9M	14.2M
Capital Lease Obligations	8.0M	7.0M	5.9M	1.5M	5.9M	4.9M
Inventory	5.2M	4.6M	7.9M	12.5M	14.9M	8.9M
Other Current Assets	351K	647K	4.5M	4.7M	4.2M	2.7M
Other Stockholder Equity	(2.9M)	38.7M	315.2M	324.0M	334.7M	185.9M
Total Liab	100.8M	39.8M	46.3M	52.0M	37.5M	47.2M
Net Invested Capital	(48.4M)	153.9M	229.6M	15M	165.5M	87.1M
Property Plant And Equipment Gross	8.6M	7.1M	6.8M	7.0M	15.5M	10.1M
Total Current Assets	28.6M	171.0M	252.9M	215.6M	173.8M	157.5M
Accumulated Other Comprehensive Income	(65.6M)	(178.8M)	0.0	798K	1.4M	1.4M
Net Working Capital	22.5M	160.1M	238.1M	196.4M	151.2M	143.1M
Short Term Debt	1.1M	2.9M	2.7M	2.9M	4.0M	2.6M
Property Plant Equipment	8.6M	7.1M	6.8M	3.1M	2.8M	2.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for 908 Stock Analysis

When running 908 Devices' price analysis, check to measure 908 Devices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC