MIND Payables Turnover vs Average Inventory Analysis

MNDO Stock

USD 2.04 0.04 2.00%

MIND CTI financial indicator trend analysis is infinitely more than just investigating MIND CTI recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIND CTI is a good investment. Please check the relationship between MIND CTI Payables Turnover and its Average Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.

Payables Turnover vs Average Inventory

Payables Turnover vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MIND CTI Payables Turnover account and Average Inventory. At this time, the significance of the direction appears to have almost no relationship.

The correlation between MIND CTI's Payables Turnover and Average Inventory is 0.17. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Average Inventory in the same time period over historical financial statements of MIND CTI, assuming nothing else is changed. The correlation between historical values of MIND CTI's Payables Turnover and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of MIND CTI are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Payables Turnover i.e., MIND CTI's Payables Turnover and Average Inventory go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

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

To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.At this time, MIND CTI's Tax Provision is very stable compared to the past year. As of the 17th of February 2025, Enterprise Value Over EBITDA is likely to grow to 13.00, while Selling General Administrative is likely to drop about 1.2 M.

	2022	2024	2025 (projected)
Interest Expense	60K	15.3K	14.5K
Depreciation And Amortization	193K	176.4K	167.6K

Interest Expense Depreciation And Amortization

MIND CTI fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Liab	Other Assets	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.77	0.97	0.23	-0.23	-0.53	-0.29	0.3	0.89	0.73	0.9	-0.14	0.67	0.57	0.79	-0.71	0.91	0.85	0.93	0.82	-0.69	-0.35	0.87	0.87	0.28	-0.04
Total Current Liabilities	0.77		0.62	0.31	-0.24	-0.39	-0.05	0.3	0.69	0.56	0.65	0.1	0.46	0.34	0.63	-0.48	0.6	0.94	0.7	0.58	-0.42	-0.02	0.71	0.67	0.23	-0.05
Total Stockholder Equity	0.97	0.62		0.1	-0.21	-0.53	-0.38	0.25	0.84	0.7	0.89	-0.21	0.73	0.59	0.7	-0.72	0.96	0.72	0.92	0.88	-0.8	-0.47	0.81	0.83	0.38	-0.01
Property Plant And Equipment Net	0.23	0.31	0.1		0.2	0.14	0.7	-0.06	0.53	0.23	-0.08	0.36	0.13	-0.04	0.65	-0.15	0.03	0.48	-0.04	-0.05	0.19	0.46	0.28	0.34	-0.03	0.5
Net Debt	-0.23	-0.24	-0.21	0.2		0.41	0.43	-0.99	0.14	0.35	-0.49	0.44	0.28	0.51	0.09	-0.39	-0.24	-0.12	-0.48	-0.07	-0.05	0.31	-0.2	0.18	0.24	0.56
Retained Earnings	-0.53	-0.39	-0.53	0.14	0.41		0.32	-0.42	-0.27	-0.23	-0.69	0.47	-0.22	-0.24	-0.27	0.24	-0.68	-0.38	-0.66	-0.49	0.34	0.75	-0.45	-0.29	-0.06	0.4
Accounts Payable	-0.29	-0.05	-0.38	0.7	0.43	0.32		-0.35	0.08	-0.16	-0.61	0.62	-0.07	-0.19	0.16	0.17	-0.41	0.03	-0.53	-0.35	0.32	0.54	-0.2	-0.14	-0.02	0.59
Cash	0.3	0.3	0.25	-0.06	-0.99	-0.42	-0.35		-0.04	-0.28	0.52	-0.39	-0.26	-0.48	0.03	0.33	0.27	0.21	0.52	0.08	0.08	-0.26	0.27	-0.1	-0.28	-0.53
Non Current Assets Total	0.89	0.69	0.84	0.53	0.14	-0.27	0.08	-0.04		0.83	0.61	0.12	0.78	0.63	0.91	-0.82	0.75	0.86	0.66	0.74	-0.64	-0.1	0.8	0.92	0.4	0.34
Non Currrent Assets Other	0.73	0.56	0.7	0.23	0.35	-0.23	-0.16	-0.28	0.83		0.56	-0.04	0.71	0.82	0.74	-0.95	0.62	0.69	0.54	0.66	-0.6	-0.13	0.7	0.92	0.36	0.2
Cash And Short Term Investments	0.9	0.65	0.89	-0.08	-0.49	-0.69	-0.61	0.52	0.61	0.56		-0.46	0.46	0.45	0.56	-0.52	0.88	0.68	0.98	0.74	-0.6	-0.57	0.8	0.69	0.14	-0.37
Net Receivables	-0.14	0.1	-0.21	0.36	0.44	0.47	0.62	-0.39	0.12	-0.04	-0.46		-0.03	-0.08	-0.04	-0.02	-0.29	0.05	-0.32	-0.22	0.15	0.71	-0.34	-0.07	-0.08	0.27
Common Stock Shares Outstanding	0.67	0.46	0.73	0.13	0.28	-0.22	-0.07	-0.26	0.78	0.71	0.46	-0.03		0.76	0.68	-0.81	0.69	0.6	0.48	0.91	-0.85	-0.34	0.69	0.75	0.85	0.42
Short Term Investments	0.57	0.34	0.59	-0.04	0.51	-0.24	-0.19	-0.48	0.63	0.82	0.45	-0.08	0.76		0.57	-0.83	0.51	0.48	0.43	0.68	-0.66	-0.27	0.58	0.77	0.5	0.17
Non Current Liabilities Total	0.79	0.63	0.7	0.65	0.09	-0.27	0.16	0.03	0.91	0.74	0.56	-0.04	0.68	0.57		-0.7	0.59	0.86	0.57	0.62	-0.41	-0.06	0.86	0.86	0.33	0.29
Inventory	-0.71	-0.48	-0.72	-0.15	-0.39	0.24	0.17	0.33	-0.82	-0.95	-0.52	-0.02	-0.81	-0.83	-0.7		-0.66	-0.62	-0.51	-0.74	0.68	0.24	-0.63	-0.86	-0.47	-0.21
Other Stockholder Equity	0.91	0.6	0.96	0.03	-0.24	-0.68	-0.41	0.27	0.75	0.62	0.88	-0.29	0.69	0.51	0.59	-0.66		0.65	0.88	0.87	-0.8	-0.62	0.73	0.73	0.4	-0.04
Total Liab	0.85	0.94	0.72	0.48	-0.12	-0.38	0.03	0.21	0.86	0.69	0.68	0.05	0.6	0.48	0.86	-0.62	0.65		0.72	0.66	-0.46	-0.04	0.85	0.82	0.3	0.09
Total Current Assets	0.93	0.7	0.92	-0.04	-0.48	-0.66	-0.53	0.52	0.66	0.54	0.98	-0.32	0.48	0.43	0.57	-0.51	0.88	0.72		0.75	-0.63	-0.49	0.78	0.69	0.15	-0.33
Common Stock	0.82	0.58	0.88	-0.05	-0.07	-0.49	-0.35	0.08	0.74	0.66	0.74	-0.22	0.91	0.68	0.62	-0.74	0.87	0.66	0.75		-0.88	-0.55	0.77	0.73	0.74	0.1
Short Long Term Debt Total	-0.69	-0.42	-0.8	0.19	-0.05	0.34	0.32	0.08	-0.64	-0.6	-0.6	0.15	-0.85	-0.66	-0.41	0.68	-0.8	-0.46	-0.63	-0.88		0.51	-0.61	-0.66	-0.68	-0.24
Other Current Liab	-0.35	-0.02	-0.47	0.46	0.31	0.75	0.54	-0.26	-0.1	-0.13	-0.57	0.71	-0.34	-0.27	-0.06	0.24	-0.62	-0.04	-0.49	-0.55	0.51		-0.32	-0.14	-0.3	0.27
Other Liab	0.87	0.71	0.81	0.28	-0.2	-0.45	-0.2	0.27	0.8	0.7	0.8	-0.34	0.69	0.58	0.86	-0.63	0.73	0.85	0.78	0.77	-0.61	-0.32		0.85	0.41	0.07
Other Assets	0.87	0.67	0.83	0.34	0.18	-0.29	-0.14	-0.1	0.92	0.92	0.69	-0.07	0.75	0.77	0.86	-0.86	0.73	0.82	0.69	0.73	-0.66	-0.14	0.85		0.36	0.2
Common Stock Total Equity	0.28	0.23	0.38	-0.03	0.24	-0.06	-0.02	-0.28	0.4	0.36	0.14	-0.08	0.85	0.5	0.33	-0.47	0.4	0.3	0.15	0.74	-0.68	-0.3	0.41	0.36		0.5
Property Plant And Equipment Gross	-0.04	-0.05	-0.01	0.5	0.56	0.4	0.59	-0.53	0.34	0.2	-0.37	0.27	0.42	0.17	0.29	-0.21	-0.04	0.09	-0.33	0.1	-0.24	0.27	0.07	0.2	0.5

Click cells to compare fundamentals

MIND CTI Account Relationship Matchups

MIND CTI fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.4M	33.1M	31.7M	31.6M	28.5M	28.2M
Total Current Liabilities	5.6M	5.6M	5.2M	4.5M	5.1M	4.9M
Total Stockholder Equity	23.1M	23.7M	23.8M	24.5M	22.0M	23.1M
Property Plant And Equipment Net	1.9M	1.6M	1.2M	906K	815.4K	926.0K
Net Debt	(6.4M)	(2.7M)	(4.4M)	(2.3M)	(2.7M)	(2.8M)
Retained Earnings	(2.5M)	(1.7M)	(1.7M)	(1.3M)	(1.5M)	(1.6M)
Accounts Payable	1.3M	839K	937K	989K	1.1M	664.5K
Cash	8.3M	4.2M	5.3M	3.0M	2.7M	2.5M
Non Current Assets Total	12.7M	12.6M	11.4M	11.9M	10.7M	10.7M
Non Currrent Assets Other	1.8M	2.3M	1.9M	2.1M	1.8M	1.8M
Cash And Short Term Investments	17.0M	18.5M	17.5M	16.6M	14.9M	14.8M
Net Receivables	2.4M	1.9M	2.5M	2.3M	2.1M	2.4M
Common Stock Shares Outstanding	20.1M	20.3M	20.4M	20.5M	23.5M	21.7M
Short Term Investments	8.8M	14.3M	12.2M	13.6M	15.7M	9.2M
Liabilities And Stockholders Equity	32.4M	33.1M	31.7M	31.6M	28.5M	28.2M
Non Current Liabilities Total	3.7M	3.8M	2.8M	2.7M	3.1M	2.0M
Other Stockholder Equity	26.1M	26.2M	26.5M	26.8M	24.1M	30.6M
Total Liab	9.2M	9.3M	9.4M	7.1M	8.2M	6.9M
Total Current Assets	19.7M	20.5M	20.3M	19.7M	17.7M	17.5M
Accumulated Other Comprehensive Income	(522K)	(836K)	(1.1M)	(1.0M)	(1.2M)	(1.2M)
Short Long Term Debt Total	1.8M	1.5M	886K	642K	577.8K	548.9K
Other Current Liab	1.9M	2.3M	2.0M	1.7M	1.6M	1.4M
Other Assets	1.8M	2.0M	2.5M	2.1M	1.9M	1.8M
Property Plant And Equipment Gross	1.9M	1.6M	1.2M	3.1M	2.8M	3.0M
Short Term Debt	346K	376K	271K	218K	196.2K	186.4K
Property Plant Equipment	1.5M	1.9M	1.6M	1.2M	1.1M	940.7K
Intangible Assets	702K	522K	374K	266K	305.9K	290.6K
Current Deferred Revenue	2.1M	2.2M	2.0M	1.5M	1.7M	2.6M
Other Current Assets	273K	124K	462K	815K	937.3K	1.3M
Good Will	8.1M	7.9M	7.8M	7.9M	9.1M	7.2M
Net Tangible Assets	13.3M	14.3M	15.3M	15.6M	14.1M	12.4M
Net Invested Capital	23.1M	23.7M	23.8M	24.5M	28.2M	25.0M
Net Working Capital	14.0M	14.9M	15.1M	15.2M	17.5M	16.1M

Pair Trading with MIND CTI

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MIND CTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MIND CTI will appreciate offsetting losses from the drop in the long position's value.

Moving against MIND Stock

0.68	DJCO	Daily Journal Corp	Pair Corr
0.6	MLNK	Meridianlink	Pair Corr
0.53	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.4	ZI	ZoomInfo Technologies	Pair Corr
0.33	EB	Eventbrite Class A	Pair Corr

The ability to find closely correlated positions to MIND CTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MIND CTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MIND CTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MIND CTI to buy it.

The correlation of MIND CTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MIND CTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MIND CTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for MIND CTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether MIND CTI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MIND CTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mind Cti Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mind Cti Stock:

How To Invest In MIND

Details

Is MIND Stock a good investment?

Details

What is MIND CTI's Net Worth?

Details

Largest Application Software Companies

View

Largest Software - Application Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MIND CTI. If investors know MIND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MIND CTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.33)

Earnings Share

0.23

Revenue Per Share

1.079

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0874

The market value of MIND CTI is measured differently than its book value, which is the value of MIND that is recorded on the company's balance sheet. Investors also form their own opinion of MIND CTI's value that differs from its market value or its book value, called intrinsic value, which is MIND CTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MIND CTI's market value can be influenced by many factors that don't directly affect MIND CTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between MIND CTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if MIND CTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MIND CTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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

MIND Payables Turnover vs Average Inventory Analysis

Payables Turnover vs Average Inventory

Payables Turnover vs Average Inventory Correlation Analysis

Correlation Coefficient

Payables Turnover

Average Inventory

MIND CTI fundamental ratios Correlations

MIND CTI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MIND CTI fundamental ratios Accounts

Pair Trading with MIND CTI

Moving against MIND Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Stockholder Equity	+ 0.97	Total Assets
Other Stockholder Equity	+ 0.96	Total Stockholder Equity
Total Liab	+ 0.94	Total Current Liabilities
Total Current Assets	+ 0.93	Total Assets
Total Current Assets	+ 0.92	Total Stockholder Equity

Cash	- 0.99	Net Debt
Inventory	- 0.95	Non Currrent Assets Other
Short Long Term Debt Total	- 0.88	Common Stock
Other Assets	- 0.86	Inventory
Short Long Term Debt Total	- 0.85	Common Stock Shares Outstanding
Inventory	- 0.83	Short Term Investments