Mitie Short Term Investments vs Current Deferred Revenue Analysis

MTO Stock

109.00 0.20 0.18%

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

Short Term Investments vs Current Deferred Revenue

Short Term Investments vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitie Group PLC Short Term Investments account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Mitie Group's Short Term Investments and Current Deferred Revenue is 0.36. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Mitie Group PLC, assuming nothing else is changed. The correlation between historical values of Mitie Group's Short Term Investments and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Mitie Group PLC are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Term Investments i.e., Mitie Group's Short Term Investments and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Mitie Group balance sheet. It contains any investments Mitie Group PLC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Mitie Group PLC can easily liquidate in the marketplace.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

At present, Mitie Group's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	19.1M	13.4M	12.2M	12.8M
Depreciation And Amortization	70.3M	72.3M	81.2M	85.3M

Interest Expense Depreciation And Amortization

Mitie Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments
Total Assets		0.51	0.86	0.91	0.76	0.88	0.29	-0.12	0.55	0.04	0.87	0.98	-0.31	0.86	0.88	0.68	0.71	0.87	0.59	-0.07	0.95	0.87	0.98	0.02	0.88	0.31
Short Long Term Debt Total	0.51		0.5	0.72	-0.03	0.55	0.61	0.72	-0.2	-0.03	0.61	0.4	-0.42	0.63	0.57	0.43	0.31	0.41	0.12	0.06	0.69	0.54	0.58	0.32	0.56	-0.09
Other Current Liab	0.86	0.5		0.85	0.59	0.86	0.4	-0.1	0.38	-0.36	0.84	0.81	-0.18	0.82	0.95	0.73	0.48	0.77	0.5	-0.27	0.85	0.88	0.89	-0.07	0.92	0.18
Total Current Liabilities	0.91	0.72	0.85		0.47	0.83	0.54	0.1	0.25	-0.09	0.93	0.82	-0.38	0.94	0.88	0.72	0.49	0.76	0.42	-0.08	0.96	0.84	0.95	0.33	0.88	0.26
Total Stockholder Equity	0.76	-0.03	0.59	0.47		0.64	-0.2	-0.51	0.93	0.11	0.54	0.82	-0.04	0.51	0.61	0.48	0.51	0.69	0.69	-0.11	0.5	0.63	0.68	-0.22	0.6	0.33
Property Plant And Equipment Net	0.88	0.55	0.86	0.83	0.64		0.32	-0.06	0.48	-0.02	0.86	0.86	-0.33	0.84	0.93	0.71	0.62	0.7	0.48	-0.36	0.84	0.99	0.9	-0.08	0.89	0.14
Current Deferred Revenue	0.29	0.61	0.4	0.54	-0.2	0.32		0.34	-0.28	-0.6	0.49	0.16	-0.34	0.53	0.43	0.37	0.02	0.37	-0.41	-0.47	0.47	0.34	0.34	0.44	0.43	0.36
Net Debt	-0.12	0.72	-0.1	0.1	-0.51	-0.06	0.34		-0.62	0.1	-0.1	-0.18	-0.05	-0.07	-0.08	-0.21	-0.04	-0.14	-0.21	0.33	0.09	-0.08	-0.08	0.25	-0.1	-0.31
Retained Earnings	0.55	-0.2	0.38	0.25	0.93	0.48	-0.28	-0.62		0.09	0.42	0.61	-0.19	0.39	0.46	0.47	0.38	0.55	0.58	-0.25	0.27	0.47	0.5	-0.28	0.49	0.24
Accounts Payable	0.04	-0.03	-0.36	-0.09	0.11	-0.02	-0.6	0.1	0.09		-0.16	0.13	-0.01	-0.15	-0.26	-0.27	0.34	-0.17	0.3	0.59	0.0	-0.08	-0.01	0.02	-0.26	-0.17
Cash	0.87	0.61	0.84	0.93	0.54	0.86	0.49	-0.1	0.42	-0.16		0.79	-0.54	1.0	0.91	0.85	0.48	0.75	0.41	-0.29	0.89	0.87	0.93	0.18	0.92	0.23
Non Current Assets Total	0.98	0.4	0.81	0.82	0.82	0.86	0.16	-0.18	0.61	0.13	0.79		-0.22	0.77	0.83	0.59	0.78	0.85	0.62	-0.05	0.89	0.84	0.93	-0.09	0.81	0.32
Non Currrent Assets Other	-0.31	-0.42	-0.18	-0.38	-0.04	-0.33	-0.34	-0.05	-0.19	-0.01	-0.54	-0.22		-0.53	-0.39	-0.58	-0.37	-0.34	0.06	0.28	-0.4	-0.31	-0.41	0.0	-0.5	0.24
Cash And Short Term Investments	0.86	0.63	0.82	0.94	0.51	0.84	0.53	-0.07	0.39	-0.15	1.0	0.77	-0.53		0.89	0.83	0.43	0.74	0.39	-0.27	0.89	0.85	0.92	0.27	0.91	0.26
Common Stock Total Equity	0.88	0.57	0.95	0.88	0.61	0.93	0.43	-0.08	0.46	-0.26	0.91	0.83	-0.39	0.89		0.81	0.54	0.79	0.51	-0.34	0.87	0.94	0.93	-0.05	0.99	0.1
Common Stock Shares Outstanding	0.68	0.43	0.73	0.72	0.48	0.71	0.37	-0.21	0.47	-0.27	0.85	0.59	-0.58	0.83	0.81		0.3	0.74	0.38	-0.4	0.67	0.75	0.77	0.07	0.85	0.1
Non Current Liabilities Total	0.71	0.31	0.48	0.49	0.51	0.62	0.02	-0.04	0.38	0.34	0.48	0.78	-0.37	0.43	0.54	0.3		0.62	0.37	0.04	0.69	0.56	0.64	-0.45	0.55	0.04
Inventory	0.87	0.41	0.77	0.76	0.69	0.7	0.37	-0.14	0.55	-0.17	0.75	0.85	-0.34	0.74	0.79	0.74	0.62		0.47	-0.19	0.81	0.7	0.84	-0.04	0.81	0.35
Other Current Assets	0.59	0.12	0.5	0.42	0.69	0.48	-0.41	-0.21	0.58	0.3	0.41	0.62	0.06	0.39	0.51	0.38	0.37	0.47		0.36	0.43	0.47	0.58	-0.15	0.5	-0.11
Other Stockholder Equity	-0.07	0.06	-0.27	-0.08	-0.11	-0.36	-0.47	0.33	-0.25	0.59	-0.29	-0.05	0.28	-0.27	-0.34	-0.4	0.04	-0.19	0.36		-0.04	-0.38	-0.1	0.16	-0.32	-0.21
Total Liab	0.95	0.69	0.85	0.96	0.5	0.84	0.47	0.09	0.27	0.0	0.89	0.89	-0.4	0.89	0.87	0.67	0.69	0.81	0.43	-0.04		0.83	0.96	0.14	0.86	0.24
Property Plant And Equipment Gross	0.87	0.54	0.88	0.84	0.63	0.99	0.34	-0.08	0.47	-0.08	0.87	0.84	-0.31	0.85	0.94	0.75	0.56	0.7	0.47	-0.38	0.83		0.89	-0.04	0.89	0.17
Total Current Assets	0.98	0.58	0.89	0.95	0.68	0.9	0.34	-0.08	0.5	-0.01	0.93	0.93	-0.41	0.92	0.93	0.77	0.64	0.84	0.58	-0.1	0.96	0.89		0.07	0.93	0.21
Short Term Debt	0.02	0.32	-0.07	0.33	-0.22	-0.08	0.44	0.25	-0.28	0.02	0.18	-0.09	0.0	0.27	-0.05	0.07	-0.45	-0.04	-0.15	0.16	0.14	-0.04	0.07		-0.04	0.39
Common Stock	0.88	0.56	0.92	0.88	0.6	0.89	0.43	-0.1	0.49	-0.26	0.92	0.81	-0.5	0.91	0.99	0.85	0.55	0.81	0.5	-0.32	0.86	0.89	0.93	-0.04		0.07
Short Term Investments	0.31	-0.09	0.18	0.26	0.33	0.14	0.36	-0.31	0.24	-0.17	0.23	0.32	0.24	0.26	0.1	0.1	0.04	0.35	-0.11	-0.21	0.24	0.17	0.21	0.39	0.07

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Mitie Group Account Relationship Matchups

Mitie Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.6B	1.8B	1.8B	1.9B	2.0B
Short Long Term Debt Total	320.7M	278.8M	300.6M	286M	321.5M	337.6M
Other Current Liab	41.4M	629.7M	761.1M	692M	952.9M	1.0B
Total Current Liabilities	615M	874.6M	1.2B	1.1B	1.1B	1.2B
Total Stockholder Equity	80.5M	357.5M	425.8M	421.7M	453.2M	475.9M
Property Plant And Equipment Net	110.8M	117.9M	143.9M	156.9M	204.7M	214.9M
Current Deferred Revenue	35.9M	84.8M	83.5M	83.3M	91.8M	96.4M
Net Debt	181.2M	82.6M	(44.6M)	37.7M	76.6M	80.4M
Retained Earnings	(34.3M)	207.9M	270.6M	280.3M	157.4M	165.3M
Accounts Payable	513.4M	127.6M	134.8M	229.7M	171.6M	157.6M
Cash	139.5M	196.2M	345.2M	248.3M	244.9M	257.1M
Non Current Assets Total	507.4M	735.3M	738.1M	777.7M	884.3M	928.5M
Non Currrent Assets Other	(278.9M)	(291.8M)	(299.7M)	(309.9M)	25.7M	27.0M
Cash And Short Term Investments	139.5M	196.2M	345.2M	248.3M	244.9M	257.1M
Liabilities And Stockholders Equity	1.1B	1.6B	1.8B	1.8B	1.9B	2.0B
Non Current Liabilities Total	373.7M	396.8M	241M	335.9M	327.6M	344.0M
Inventory	4.8M	12.7M	11.9M	13.5M	14.7M	9.4M
Other Current Assets	200K	322.3M	322.6M	337.1M	372.4M	391.0M
Other Stockholder Equity	96.4M	101.8M	93.7M	72.5M	62.2M	86.4M
Total Liab	988.7M	1.3B	1.4B	1.4B	1.5B	1.5B
Property Plant And Equipment Gross	110.8M	117.9M	181.2M	199.2M	249.7M	262.2M
Total Current Assets	561.8M	893.6M	1.1B	1.0B	1.0B	1.1B
Short Term Debt	24.3M	(56.1M)	87.6M	64M	29.4M	18.7M
Accumulated Other Comprehensive Income	9.1M	12.2M	25.8M	34.9M	200.3M	210.3M
Intangible Assets	329.5M	555.8M	560.2M	564.9M	283.4M	297.6M
Other Liab	91.1M	77.3M	156.5M	111.5M	128.2M	134.6M
Long Term Debt	258.1M	224M	226.9M	172M	197.8M	123.6M
Net Receivables	417.3M	362.4M	386.3M	450.8M	411.5M	296.7M
Good Will	278.9M	294.8M	301.3M	312.3M	361.7M	271.6M
Property Plant Equipment	29M	110.8M	117.9M	143.9M	165.5M	173.8M
Other Assets	43.2M	39.1M	45.7M	22.1M	25.4M	42.6M
Net Tangible Assets	(356.9M)	(249M)	(186.6M)	(134.4M)	(121.0M)	(127.0M)
Deferred Long Term Liab	4.5M	3.2M	2.4M	1.6M	1.4M	1.4M

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Other Information on Investing in Mitie Stock

Balance Sheet is a snapshot of the financial position of Mitie Group PLC at a specified time, usually calculated after every quarter, six months, or one year. Mitie Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mitie Group 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 Mitie currently owns. An asset can also be divided into two categories, current and non-current.

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Mitie Short Term Investments vs Current Deferred Revenue Analysis

Short Term Investments vs Current Deferred Revenue

Short Term Investments vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Short Term Investments

Current Deferred Revenue

Mitie Group fundamental ratios Correlations

Mitie Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mitie Group fundamental ratios Accounts

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Other Information on Investing in Mitie Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.96	Total Current Liabilities

Retained Earnings	- 0.62	Net Debt
Accounts Payable	- 0.6	Current Deferred Revenue
Common Stock Shares Outstanding	- 0.58	Non Currrent Assets Other
Non Currrent Assets Other	- 0.54	Cash
Cash And Short Term Investments	- 0.53	Non Currrent Assets Other
Net Debt	- 0.51	Total Stockholder Equity