Morgan Retained Earnings vs Common Stock Total Equity Analysis

MGAM Stock   265.50  2.00  0.76%   
Morgan Advanced financial indicator trend analysis is infinitely more than just investigating Morgan Advanced Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morgan Advanced Materials is a good investment. Please check the relationship between Morgan Advanced Retained Earnings and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morgan Advanced Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Common Stock Total Equity

Retained Earnings vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morgan Advanced Materials Retained Earnings account and Common Stock Total Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Morgan Advanced's Retained Earnings and Common Stock Total Equity is 0.06. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Morgan Advanced Materials, assuming nothing else is changed. The correlation between historical values of Morgan Advanced's Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Morgan Advanced Materials are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., Morgan Advanced's Retained Earnings and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Morgan Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morgan Advanced Materials 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 Morgan Advanced Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Discontinued Operations is likely to gain to about 6.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense8.4M9.4M18M21.7M
Depreciation And Amortization44M42.8M49.2M36.6M

Morgan Advanced fundamental ratios Correlations

0.920.790.840.540.90.840.10.760.60.99-0.160.60.940.960.640.920.050.830.910.340.960.330.94-0.060.35
0.920.630.830.450.850.90.080.650.690.88-0.170.690.850.830.610.830.00.790.860.320.920.460.850.030.27
0.790.630.580.480.550.620.10.680.350.770.030.350.740.760.570.850.350.550.690.330.79-0.050.740.230.45
0.840.830.580.230.840.74-0.080.690.580.81-0.190.580.710.750.320.7-0.160.630.870.180.830.70.7-0.250.25
0.540.450.480.230.580.250.820.10.560.47-0.370.560.510.460.520.680.00.50.150.790.64-0.190.510.150.33
0.90.850.550.840.580.710.280.590.670.86-0.290.670.850.840.50.83-0.260.810.770.490.910.410.84-0.270.22
0.840.90.620.740.250.71-0.140.840.30.840.160.30.820.80.430.780.070.730.870.110.790.370.820.030.07
0.10.080.1-0.080.820.28-0.14-0.220.40.0-0.250.40.060.00.30.31-0.030.05-0.280.860.27-0.380.060.230.1
0.760.650.680.690.10.590.84-0.220.010.790.390.010.720.780.320.70.20.540.850.020.650.180.720.010.03
0.60.690.350.580.560.670.30.40.010.53-0.651.00.50.470.610.52-0.110.510.430.520.70.40.50.010.46
0.990.880.770.810.470.860.840.00.790.53-0.130.530.930.950.670.870.120.80.930.210.910.320.93-0.140.39
-0.16-0.170.03-0.19-0.37-0.290.16-0.250.39-0.65-0.13-0.65-0.08-0.11-0.24-0.050.32-0.19-0.01-0.24-0.22-0.31-0.080.21-0.62
0.60.690.350.580.560.670.30.40.011.00.53-0.650.50.470.610.52-0.110.510.430.520.70.40.50.010.46
0.940.850.740.710.510.850.820.060.720.50.93-0.080.50.980.540.86-0.090.940.860.340.90.21.0-0.030.17
0.960.830.760.750.460.840.80.00.780.470.95-0.110.470.980.550.84-0.050.890.90.290.890.220.98-0.050.25
0.640.610.570.320.520.50.430.30.320.610.67-0.240.610.540.550.60.560.350.50.280.61-0.110.550.10.62
0.920.830.850.70.680.830.780.310.70.520.87-0.050.520.860.840.60.120.740.740.550.950.10.860.110.29
0.050.00.35-0.160.0-0.260.07-0.030.2-0.110.120.32-0.11-0.09-0.050.560.12-0.360.07-0.20.0-0.37-0.090.340.37
0.830.790.550.630.50.810.730.050.540.510.8-0.190.510.940.890.350.74-0.360.730.360.810.280.94-0.080.04
0.910.860.690.870.150.770.87-0.280.850.430.93-0.010.430.860.90.50.740.070.730.010.820.480.86-0.140.25
0.340.320.330.180.790.490.110.860.020.520.21-0.240.520.340.290.280.55-0.20.360.010.53-0.270.350.380.01
0.960.920.790.830.640.910.790.270.650.70.91-0.220.70.90.890.610.950.00.810.820.530.310.90.050.32
0.330.46-0.050.7-0.190.410.37-0.380.180.40.32-0.310.40.20.22-0.110.1-0.370.280.48-0.270.310.19-0.460.08
0.940.850.740.70.510.840.820.060.720.50.93-0.080.51.00.980.550.86-0.090.940.860.350.90.19-0.010.17
-0.060.030.23-0.250.15-0.270.030.230.010.01-0.140.210.01-0.03-0.050.10.110.34-0.08-0.140.380.05-0.46-0.01-0.09
0.350.270.450.250.330.220.070.10.030.460.39-0.620.460.170.250.620.290.370.040.250.010.320.080.17-0.09
Click cells to compare fundamentals

Morgan Advanced Account Relationship Matchups

Morgan Advanced fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B945M925.4M1.0B1.0B908.6M
Short Long Term Debt Total354.4M303.4M223.8M318.1M356.8M269.5M
Other Current Liab86.3M94.2M118.6M119M116.1M98.5M
Total Current Liabilities334.8M279.7M227.8M283.4M239.5M288.4M
Total Stockholder Equity270.2M202.3M310.6M389M360.3M246.8M
Property Plant And Equipment Net366.3M303.1M280M316.8M325.4M320.6M
Net Debt221.6M155.6M96.5M200.4M232.3M173.2M
Retained Earnings64.7M600K109.1M170.9M170.8M179.3M
Accounts Payable84.3M62.3M61.8M78.6M78.1M99.5M
Cash132.8M147.8M127.3M117.7M124.5M96.3M
Non Current Assets Total609.3M528.6M494.8M535.9M530.8M472.2M
Non Currrent Assets Other(175.1M)(173.2M)(172.9M)(181.9M)9M9.5M
Cash And Short Term Investments132.8M147.8M127.3M117.7M124.5M96.3M
Common Stock Shares Outstanding286.8M286.2M284.7M287M287.3M271.0M
Liabilities And Stockholders Equity1.1B945M925.4M1.0B1.0B910.4M
Non Current Liabilities Total422.7M425.3M348.0M318.9M386.6M300.7M
Inventory142.3M122.4M140.7M174.2M175.1M142.8M
Other Current Assets21.8M21.3M22.8M32.5M34M32.3M
Total Liab757.5M705M575.8M602.3M626.1M627.2M
Property Plant And Equipment Gross366.3M303.1M908.9M1.0B1.0B1.1B
Total Current Assets459.9M416.4M430.6M496M493.9M433.8M
Accumulated Other Comprehensive Income22.5M18.7M18.5M35.1M6.5M6.8M
Intangible Assets204.8M185.4M183.1M189M4.7M4.5M
Current Deferred Revenue6.1M10M12.2M8.9M8.6M9.0M
Net Receivables163M124.9M139.8M171.6M160.3M157.5M
Good Will175.1M173.2M172.9M181.9M177.5M143.8M
Other Liab214M173.4M190.2M121.1M109.0M162.8M
Net Tangible Assets16.8M65.4M16.9M127.5M146.6M154.0M
Other Assets11.7M18.4M1.09.2M8.3M10.6M
Long Term Debt176.2M177.5M173.6M230.1M308.7M231.7M
Short Long Term Debt49.3M71.3M0.036.1M600K570K
Property Plant Equipment314.5M366.3M303.1M280M322M318.3M
Capital Lease Obligations64.3M54.6M49.8M51.9M47.1M37.0M
Net Invested Capital496.2M450.7M484.2M655.2M669.6M575.5M

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