MacroGenics Retained Earnings vs Net Invested Capital Analysis

MGNX Stock

USD 3.24 0.03 0.93%

MacroGenics financial indicator trend analysis is infinitely more than just investigating MacroGenics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MacroGenics is a good investment. Please check the relationship between MacroGenics Retained Earnings and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MacroGenics. 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.

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

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MacroGenics Retained Earnings account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between MacroGenics' Retained Earnings and Net Invested Capital is 0.89. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of MacroGenics, assuming nothing else is changed. The correlation between historical values of MacroGenics' Retained Earnings and Net Invested Capital 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 MacroGenics are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., MacroGenics' Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Net Invested Capital

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

Most indicators from MacroGenics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MacroGenics 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 MacroGenics. 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.

For more information on how to buy MacroGenics Stock please use our How to Invest in MacroGenics guide.At this time, MacroGenics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 275.27 in 2024, whereas Selling General Administrative is likely to drop slightly above 37 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	275.8M	266.0M	217.2M	181.0M
Cost Of Revenue	2.7M	7.4M	8.2M	7.8M

Total Operating Expenses Cost Of Revenue

MacroGenics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.31	0.38	0.97	-0.24	0.78	-0.33	-0.58	-0.53	-0.13	0.74	0.8	0.41	0.22	0.95	0.39	0.81	0.74	0.08	0.52	0.76	0.21	0.52	0.99	-0.28	0.84
Other Current Liab	0.31		0.3	0.24	0.15	0.32	0.01	0.01	-0.28	0.2	0.07	0.33	0.13	0.08	0.25	0.21	0.16	0.5	0.23	0.2	0.3	0.31	0.25	0.29	-1.0	0.16
Total Current Liabilities	0.38	0.3		0.2	0.01	0.67	0.24	-0.02	-0.67	0.64	0.17	0.67	0.38	0.61	0.16	0.45	0.54	0.67	0.29	0.68	0.66	0.7	0.68	0.27	-0.28	0.54
Total Stockholder Equity	0.97	0.24	0.2		-0.39	0.62	-0.5	-0.66	-0.33	-0.22	0.78	0.68	0.43	0.19	0.98	0.23	0.68	0.56	-0.12	0.45	0.59	-0.04	0.37	0.98	-0.21	0.71
Other Liab	-0.24	0.15	0.01	-0.39		0.1	0.64	0.36	-0.33	-0.14	-0.23	-0.12	-0.73	-0.46	-0.31	0.37	-0.02	0.09	0.84	-0.43	0.06	0.56	0.24	-0.25	-0.16	-0.05
Property Plant And Equipment Net	0.78	0.32	0.67	0.62	0.1		0.15	-0.35	-0.72	-0.04	0.54	0.95	0.31	0.14	0.56	0.75	0.82	0.84	0.41	0.46	0.84	0.65	0.58	0.68	-0.29	0.83
Current Deferred Revenue	-0.33	0.01	0.24	-0.5	0.64	0.15		0.45	-0.36	0.23	-0.38	0.01	-0.46	-0.02	-0.54	0.67	0.04	0.18	0.58	-0.05	0.18	0.62	-0.05	-0.39	-0.01	0.04
Net Debt	-0.58	0.01	-0.02	-0.66	0.36	-0.35	0.45		-0.2	0.43	-0.93	-0.31	-0.18	0.04	-0.63	-0.12	-0.22	-0.05	0.42	-0.05	-0.08	0.27	0.06	-0.61	-0.02	-0.25
Retained Earnings	-0.53	-0.28	-0.67	-0.33	-0.33	-0.72	-0.36	-0.2		-0.3	-0.12	-0.72	-0.22	-0.34	-0.31	-0.62	-0.83	-0.89	-0.75	-0.63	-0.91	-0.81	-0.82	-0.44	0.25	-0.83
Accounts Payable	-0.13	0.2	0.64	-0.22	-0.14	-0.04	0.23	0.43	-0.3		-0.38	0.06	0.31	0.69	-0.22	-0.04	0.02	0.22	0.04	0.58	0.2	0.33	0.28	-0.17	-0.2	0.02
Cash	0.74	0.07	0.17	0.78	-0.23	0.54	-0.38	-0.93	-0.12	-0.38		0.51	0.26	0.0	0.74	0.27	0.45	0.29	-0.14	0.22	0.32	-0.08	0.23	0.76	-0.05	0.48
Non Current Assets Total	0.8	0.33	0.67	0.68	-0.12	0.95	0.01	-0.31	-0.72	0.06	0.51		0.56	0.25	0.59	0.66	0.83	0.85	0.28	0.62	0.85	0.54	0.57	0.7	-0.3	0.85
Non Currrent Assets Other	0.41	0.13	0.38	0.43	-0.73	0.31	-0.46	-0.18	-0.22	0.31	0.26	0.56		0.43	0.32	-0.05	0.35	0.35	-0.31	0.7	0.36	-0.04	0.22	0.34	-0.11	0.38
Other Assets	0.22	0.08	0.61	0.19	-0.46	0.14	-0.02	0.04	-0.34	0.69	0.0	0.25	0.43		0.16	-0.02	0.33	0.38	-0.21	0.77	0.4	0.14	0.38	0.2	-0.07	0.35
Cash And Short Term Investments	0.95	0.25	0.16	0.98	-0.31	0.56	-0.54	-0.63	-0.31	-0.22	0.74	0.59	0.32	0.16		0.13	0.66	0.54	-0.07	0.38	0.56	-0.03	0.42	0.98	-0.23	0.68
Net Receivables	0.39	0.21	0.45	0.23	0.37	0.75	0.67	-0.12	-0.62	-0.04	0.27	0.66	-0.05	-0.02	0.13		0.55	0.62	0.52	0.28	0.63	0.66	0.2	0.3	-0.19	0.58
Common Stock Total Equity	0.81	0.16	0.54	0.68	-0.02	0.82	0.04	-0.22	-0.83	0.02	0.45	0.83	0.35	0.33	0.66	0.55		0.91	0.4	0.64	0.96	0.59	0.67	0.76	-0.13	0.99
Common Stock Shares Outstanding	0.74	0.5	0.67	0.56	0.09	0.84	0.18	-0.05	-0.89	0.22	0.29	0.85	0.35	0.38	0.54	0.62	0.91		0.51	0.68	0.97	0.73	0.69	0.66	-0.48	0.91
Non Current Liabilities Total	0.08	0.23	0.29	-0.12	0.84	0.41	0.58	0.42	-0.75	0.04	-0.14	0.28	-0.31	-0.21	-0.07	0.52	0.4	0.51		0.02	0.49	0.78	0.59	0.03	-0.23	0.38
Other Current Assets	0.52	0.2	0.68	0.45	-0.43	0.46	-0.05	-0.05	-0.63	0.58	0.22	0.62	0.7	0.77	0.38	0.28	0.64	0.68	0.02		0.71	0.32	0.52	0.46	-0.18	0.67
Other Stockholder Equity	0.76	0.3	0.66	0.59	0.06	0.84	0.18	-0.08	-0.91	0.2	0.32	0.85	0.36	0.4	0.56	0.63	0.96	0.97	0.49	0.71		0.72	0.7	0.69	-0.28	0.96
Total Liab	0.21	0.31	0.7	-0.04	0.56	0.65	0.62	0.27	-0.81	0.33	-0.08	0.54	-0.04	0.14	-0.03	0.66	0.59	0.73	0.78	0.32	0.72		0.59	0.11	-0.3	0.56
Property Plant And Equipment Gross	0.52	0.25	0.68	0.37	0.24	0.58	-0.05	0.06	-0.82	0.28	0.23	0.57	0.22	0.38	0.42	0.2	0.67	0.69	0.59	0.52	0.7	0.59		0.47	-0.22	0.66
Total Current Assets	0.99	0.29	0.27	0.98	-0.25	0.68	-0.39	-0.61	-0.44	-0.17	0.76	0.7	0.34	0.2	0.98	0.3	0.76	0.66	0.03	0.46	0.69	0.11	0.47		-0.26	0.78
Short Term Debt	-0.28	-1.0	-0.28	-0.21	-0.16	-0.29	-0.01	-0.02	0.25	-0.2	-0.05	-0.3	-0.11	-0.07	-0.23	-0.19	-0.13	-0.48	-0.23	-0.18	-0.28	-0.3	-0.22	-0.26		-0.13
Common Stock	0.84	0.16	0.54	0.71	-0.05	0.83	0.04	-0.25	-0.83	0.02	0.48	0.85	0.38	0.35	0.68	0.58	0.99	0.91	0.38	0.67	0.96	0.56	0.66	0.78	-0.13

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MacroGenics Account Relationship Matchups

MacroGenics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	312.5M	378.7M	335.2M	280.5M	298.4M	287.5M
Other Current Liab	27.1M	26.2M	24.4M	19.5M	24.2M	25.5M
Total Current Liabilities	45.2M	50.7M	74.6M	48.6M	56.1M	47.8M
Total Stockholder Equity	230.6M	295.9M	239.6M	142.0M	152.6M	199.6M
Other Liab	9.2M	6.9M	258K	59.7M	53.8M	56.5M
Property Plant And Equipment Net	48.2M	42.2M	37.7M	56.9M	45.7M	32.9M
Current Deferred Revenue	10.7M	11.4M	20.6M	69.5M	21.7M	22.3M
Net Debt	(95.9M)	(151.9M)	(98.0M)	(74.1M)	(67.0M)	(70.3M)
Retained Earnings	(642.1M)	(771.8M)	(973.9M)	(1.1B)	(1.1B)	(1.0B)
Accounts Payable	4.3M	8.0M	15.5M	4.9M	6.4M	6.1M
Cash	126.5M	181.1M	123.5M	108.9M	101.0M	146.4M
Non Current Assets Total	72.7M	66.1M	55.7M	58.3M	47.1M	40.8M
Non Currrent Assets Other	24.5M	23.9M	18.0M	(7.7M)	1.4M	1.3M
Other Assets	4.3M	23.9M	335.2M	1.4M	1.0	0.95
Cash And Short Term Investments	215.8M	272.5M	243.6M	154.3M	229.8M	224.7M
Net Receivables	12.7M	23.1M	10.4M	56.2M	10.4M	14.4M
Common Stock Total Equity	490K	562K	613K	617K	709.6K	396.0K
Common Stock Shares Outstanding	48.1M	52.4M	59.9M	61.4M	61.9M	42.1M
Liabilities And Stockholders Equity	312.5M	378.7M	335.2M	280.5M	298.4M	287.5M
Non Current Liabilities Total	36.7M	32.2M	21.0M	89.8M	89.7M	94.2M
Other Current Assets	11.3M	34.0M	42.3M	10.2M	9.9M	11.0M
Other Stockholder Equity	872.2M	1.1B	1.2B	1.2B	1.3B	774.0M
Total Liab	81.9M	82.9M	95.6M	138.5M	145.8M	87.9M
Property Plant And Equipment Gross	48.2M	42.2M	110.5M	29.6M	134.1M	140.8M
Total Current Assets	239.8M	312.6M	279.6M	222.2M	251.3M	246.7M
Accumulated Other Comprehensive Income	(61K)	(3K)	16K	(7K)	(6K)	(6.3K)
Short Term Debt	3.0M	8.0M	9.4M	9.5M	3.8M	3.6M
Common Stock	490K	562K	613K	617K	621K	418.1K
Property Plant Equipment	68.4M	42.2M	37.7M	29.6M	34.0M	30.8M
Net Tangible Assets	230.6M	295.9M	239.6M	142.0M	163.3M	245.6M
Short Term Investments	89.3M	91.4M	120.1M	45.5M	128.8M	91.7M
Capital Surpluse	872.2M	1.1B	1.2B	1.2B	1.4B	817.2M
Deferred Long Term Liab	24.9M	29.3M	6.9M	59.5M	68.4M	71.8M
Net Invested Capital	230.6M	295.9M	239.6M	142.0M	152.6M	183.2M
Net Working Capital	194.6M	261.9M	205.0M	173.6M	195.2M	172.8M

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MacroGenics Retained Earnings vs Net Invested Capital Analysis

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Invested Capital

MacroGenics fundamental ratios Correlations

MacroGenics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MacroGenics fundamental ratios Accounts

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Additional Tools for MacroGenics Stock Analysis

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Total Current Assets	+ 0.99	Total Assets
Common Stock	+ 0.99	Common Stock Total Equity
Cash And Short Term Investments	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Stockholder Equity	+ 0.97	Total Assets

Short Term Debt	- 1.0	Other Current Liab
Cash	- 0.93	Net Debt
Other Stockholder Equity	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Common Stock	- 0.83	Retained Earnings
Common Stock Total Equity	- 0.83	Retained Earnings