| MIRCELECTR | | | 20.87 0.94 4.72% |
MIRC Electronics financial indicator trend analysis is infinitely more than just investigating MIRC Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIRC Electronics is a good investment. Please check the relationship between MIRC Electronics Accounts Payable and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIRC Electronics 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 income.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MIRC Electronics Accounts Payable account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between MIRC Electronics' Accounts Payable and Net Receivables is 0.31. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of MIRC Electronics Limited, assuming nothing else is changed. The correlation between historical values of MIRC Electronics' Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of MIRC Electronics Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., MIRC Electronics' Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents MIRC Electronics obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of MIRC Electronics are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Receivables
Most indicators from MIRC Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MIRC Electronics 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 MIRC Electronics 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 income.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 48.7
MMIRC Electronics fundamental ratios Correlations
Click cells to compare fundamentals
MIRC Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MIRC Electronics fundamental ratios Accounts
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Other Information on Investing in MIRC Stock
Balance Sheet is a snapshot of the
financial position of MIRC Electronics at a specified time, usually calculated after every quarter, six months, or one year. MIRC Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MIRC Electronics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which MIRC currently owns. An asset can also be divided into two categories, current and non-current.