Midway Common Stock Shares Outstanding vs Accounts Payable Analysis

MWY Stock   1.24  0.01  0.80%   
Midway financial indicator trend analysis is infinitely more than just investigating Midway recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midway is a good investment. Please check the relationship between Midway Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midway. 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.

Common Stock Shares Outstanding vs Accounts Payable

Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midway Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between Midway's Common Stock Shares Outstanding and Accounts Payable is -0.76. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Midway, assuming nothing else is changed. The correlation between historical values of Midway's Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Midway are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., Midway's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.76
Relationship DirectionNegative 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Midway 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 Midway 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.
Most indicators from Midway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Midway 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 Midway. 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.
Tax Provision is likely to gain to about 1.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 14.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.7M9.7M70.4M46.9M
Depreciation And Amortization6.8M6.0M8.4M7.0M

Midway fundamental ratios Correlations

0.490.60.670.49-0.1-0.30.130.110.130.090.33-0.170.860.020.460.530.580.730.330.78-0.580.10.450.690.07
0.490.850.10.73-0.78-0.52-0.63-0.370.390.150.780.330.640.080.93-0.140.30.070.530.320.11-0.550.890.26-0.74
0.60.850.090.62-0.62-0.22-0.57-0.140.260.180.590.190.780.170.710.020.480.240.680.460.13-0.590.70.38-0.63
0.670.10.090.030.26-0.130.620.12-0.02-0.140.21-0.30.28-0.210.20.550.010.51-0.180.49-0.680.390.080.430.37
0.490.730.620.03-0.32-0.12-0.450.17-0.020.260.420.220.750.240.610.260.590.40.680.55-0.23-0.410.510.28-0.49
-0.1-0.78-0.620.26-0.320.680.660.72-0.610.0-0.75-0.43-0.220.1-0.810.63-0.070.39-0.260.21-0.560.43-0.9-0.050.67
-0.3-0.52-0.22-0.13-0.120.680.170.7-0.60.06-0.54-0.3-0.160.24-0.650.4-0.040.140.110.08-0.14-0.14-0.76-0.180.14
0.13-0.63-0.570.62-0.450.660.170.24-0.09-0.17-0.41-0.31-0.27-0.22-0.460.38-0.150.25-0.610.0-0.520.87-0.490.110.85
0.11-0.37-0.140.120.170.720.70.24-0.83-0.01-0.59-0.280.260.14-0.510.850.450.680.420.58-0.6-0.07-0.650.30.32
0.130.390.26-0.02-0.02-0.61-0.6-0.09-0.830.410.470.43-0.020.230.53-0.69-0.12-0.52-0.29-0.470.440.20.66-0.31-0.25
0.090.150.18-0.140.260.00.06-0.17-0.010.410.00.570.20.970.14-0.160.33-0.120.25-0.090.12-0.060.11-0.46-0.16
0.330.780.590.210.42-0.75-0.54-0.41-0.590.470.00.120.29-0.110.89-0.33-0.07-0.240.180.00.19-0.390.850.03-0.56
-0.170.330.19-0.30.22-0.43-0.3-0.31-0.280.430.570.12-0.010.530.34-0.450.29-0.320.27-0.310.42-0.110.33-0.23-0.23
0.860.640.780.280.75-0.22-0.16-0.270.26-0.020.20.29-0.010.180.490.50.80.730.720.84-0.4-0.280.480.64-0.23
0.020.080.17-0.210.240.10.24-0.220.140.230.97-0.110.530.180.01-0.060.33-0.080.33-0.040.1-0.16-0.04-0.42-0.18
0.460.930.710.20.61-0.81-0.65-0.46-0.510.530.140.890.340.490.01-0.240.21-0.050.360.150.11-0.380.950.14-0.61
0.53-0.140.020.550.260.630.40.380.85-0.69-0.16-0.33-0.450.5-0.06-0.240.460.910.330.84-0.880.09-0.380.60.38
0.580.30.480.010.59-0.07-0.04-0.150.45-0.120.33-0.070.290.80.330.210.460.670.770.63-0.31-0.120.210.540.06
0.730.070.240.510.40.390.140.250.68-0.52-0.12-0.24-0.320.73-0.08-0.050.910.670.440.94-0.780.1-0.120.770.33
0.330.530.68-0.180.68-0.260.11-0.610.42-0.290.250.180.270.720.330.360.330.770.440.57-0.05-0.720.270.33-0.45
0.780.320.460.490.550.210.080.00.58-0.47-0.090.0-0.310.84-0.040.150.840.630.940.57-0.71-0.160.060.760.05
-0.580.110.13-0.68-0.23-0.56-0.14-0.52-0.60.440.120.190.42-0.40.10.11-0.88-0.31-0.78-0.05-0.71-0.350.22-0.55-0.46
0.1-0.55-0.590.39-0.410.43-0.140.87-0.070.2-0.06-0.39-0.11-0.28-0.16-0.380.09-0.120.1-0.72-0.16-0.35-0.280.070.82
0.450.890.70.080.51-0.9-0.76-0.49-0.650.660.110.850.330.48-0.040.95-0.380.21-0.120.270.060.22-0.280.19-0.56
0.690.260.380.430.28-0.05-0.180.110.3-0.31-0.460.03-0.230.64-0.420.140.60.540.770.330.76-0.550.070.190.22
0.07-0.74-0.630.37-0.490.670.140.850.32-0.25-0.16-0.56-0.23-0.23-0.18-0.610.380.060.33-0.450.05-0.460.82-0.560.22
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Midway Account Relationship Matchups

Midway fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets260.6M262.9M268.7M194.8M217.4M247.2M
Other Current Liab21.2M27.3M28.7M22.9M19.0M14.4M
Total Current Liabilities41.4M46.4M62.9M37.6M32.3M36.0M
Total Stockholder Equity128.3M131.1M123.5M125.3M144.6M101.8M
Other Liab50.2M49.4M43.6M10.0M11.5M11.0M
Retained Earnings(10.4M)(15.8M)(28.7M)(31.5M)(37.2M)(35.3M)
Accounts Payable8.6M9.6M9.8M8.7M2.8M2.7M
Cash11.0M13.0M3.0M5.6M24.9M14.0M
Long Term Debt33.0M32.0M25.9M4.3M3.9M3.7M
Net Receivables4.0M18.6M10.8M27.6M45.6M47.9M
Inventory30.7M18.1M23.5M36.7M29.7M18.2M
Other Current Assets9.0M9.6M8.9M5.2M17.6M9.1M
Total Liab130.5M130.7M143.9M67.8M71.0M105.3M
Property Plant Equipment181.5M182.7M144.8M58.6M52.7M50.1M
Short Long Term Debt Total50.5M44.4M46.9M11.5M32.1M39.7M
Property Plant And Equipment Net181.5M182.7M190.1M58.6M85.9M112.7M
Net Debt39.4M31.5M43.9M5.9M7.2M6.9M
Non Current Assets Total205.8M203.6M222.6M119.7M99.7M129.7M
Non Currrent Assets Other(197.2M)(194.6M)(2.0M)(2.0M)(247K)(259.4K)
Cash And Short Term Investments11.0M13.0M3.0M5.6M24.9M26.1M
Common Stock Shares Outstanding75.0M84.3M87.5M87.3M89.8M89.2M
Liabilities And Stockholders Equity260.6M262.9M268.7M194.8M217.4M242.3M
Non Current Liabilities Total89.1M84.3M80.9M30.2M38.7M58.3M
Other Stockholder Equity(42.6M)1.0(84.0M)(82.3M)(116.8M)1.05
Total Current Assets54.8M59.3M46.1M75.1M117.8M63.1M
Accumulated Other Comprehensive Income73.8M81.9M87.4M91.9M116.9M76.4M
Short Term Debt11.6M9.6M21.0M3.6M10.5M7.3M
Net Tangible Assets126.3M129.1M121.5M123.3M141.8M127.9M
Long Term Investments13.8M10.0M11.0M13.4M11.7M12.6M
Short Long Term Debt11.6M9.6M21.0M3.6M8.2M9.3M
Long Term Debt Total38.9M34.9M25.9M7.9M7.2M6.8M
Current Deferred Revenue15.7M19.1M1.7M1.2M1.4M1.3M
Property Plant And Equipment Gross133.1M141.1M144.8M51.9M82.7M87.9M
Non Current Liabilities Other37.7M31.9M32.7M7.1M8.2M7.8M
Net Invested Capital178.8M175.5M170.4M136.8M152.8M172.1M
Net Working Capital13.4M12.9M(16.8M)37.5M85.5M89.7M

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Additional Tools for Midway Stock Analysis

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