Mainz Property Plant And Equipment Gross vs Net Receivables Analysis

MYNZ Stock  USD 0.22  0.04  15.38%   
Mainz Biomed financial indicator trend analysis is infinitely more than just investigating Mainz Biomed BV recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainz Biomed BV is a good investment. Please check the relationship between Mainz Biomed Property Plant And Equipment Gross and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainz Biomed BV. 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.

Property Plant And Equipment Gross vs Net Receivables

Property Plant And Equipment Gross vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mainz Biomed BV Property Plant And Equipment Gross account and Net Receivables. At this time, the significance of the direction appears to have totally related.
The correlation between Mainz Biomed's Property Plant And Equipment Gross and Net Receivables is 0.99. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Mainz Biomed BV, assuming nothing else is changed. The correlation between historical values of Mainz Biomed's Property Plant And Equipment Gross 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 Property Plant And Equipment Gross of Mainz Biomed BV 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 Property Plant And Equipment Gross i.e., Mainz Biomed's Property Plant And Equipment Gross and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant And Equipment Gross

Net Receivables

Most indicators from Mainz Biomed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainz Biomed BV 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 Mainz Biomed BV. 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.
Issuance Of Capital Stock is likely to rise to about 9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense339.2K289.3K809.6K419.9K
Depreciation And Amortization209.9K459.4K1.0M1.1M

Mainz Biomed fundamental ratios Correlations

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0.630.860.720.980.40.970.47-0.12-0.940.950.461.00.420.460.940.470.710.780.650.850.560.970.50.85-0.04
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0.870.930.90.90.650.890.76-0.45-0.940.920.710.860.620.710.880.510.580.930.890.980.810.90.850.750.32
0.730.00.540.140.90.170.81-0.99-0.280.270.87-0.010.610.870.230.02-0.380.410.640.20.790.17-0.040.850.32
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Mainz Biomed Account Relationship Matchups

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