Natures Property Plant And Equipment Net vs Net Working Capital Analysis

NMHIW Stock   0.01  0  29.63%   
Natures Miracle financial indicator trend analysis is infinitely more than just investigating Natures Miracle Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natures Miracle Holding is a good investment. Please check the relationship between Natures Miracle Property Plant And Equipment Net and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Property Plant And Equipment Net vs Net Working Capital

Property Plant And Equipment Net vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natures Miracle Holding Property Plant And Equipment Net account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Natures Miracle's Property Plant And Equipment Net and Net Working Capital is -0.89. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Natures Miracle Holding, assuming nothing else is changed. The correlation between historical values of Natures Miracle's Property Plant And Equipment Net and Net Working Capital 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 Net of Natures Miracle Holding are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Property Plant And Equipment Net i.e., Natures Miracle's Property Plant And Equipment Net and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.89
Relationship DirectionNegative 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Working Capital

Most indicators from Natures Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natures Miracle Holding 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 Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Tax Provision is likely to drop to about 156.5 K in 2024. Selling General Administrative is likely to drop to about 2.4 M in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses3.4M5.1M5.9M6.1M
Cost Of Revenue17.0M9.9M11.4M13.4M

Natures Miracle fundamental ratios Correlations

0.810.990.92-0.480.90.510.79-0.56-0.97-0.060.9-0.19-0.060.98-0.890.98-0.490.890.870.840.810.89-0.010.55-0.7
0.810.780.93-0.90.920.181.0-0.93-0.73-0.430.930.05-0.430.79-0.740.82-0.880.940.930.940.340.92-0.570.93-0.98
0.990.780.9-0.450.90.550.76-0.54-0.970.00.89-0.150.00.98-0.850.98-0.470.880.870.830.850.890.040.5-0.68
0.920.930.9-0.730.990.260.92-0.79-0.82-0.340.98-0.11-0.340.93-0.760.95-0.750.970.980.980.560.98-0.350.76-0.88
-0.48-0.9-0.45-0.73-0.740.15-0.910.990.360.66-0.75-0.170.66-0.490.41-0.540.96-0.76-0.78-0.810.09-0.750.85-0.980.96
0.90.920.90.99-0.740.320.91-0.81-0.81-0.281.00.01-0.280.92-0.680.94-0.780.981.00.990.561.0-0.370.76-0.89
0.510.180.550.260.150.320.120.07-0.660.80.350.450.80.4-0.390.41-0.030.40.30.220.770.320.33-0.02-0.05
0.791.00.760.92-0.910.910.12-0.95-0.7-0.490.920.02-0.490.78-0.730.81-0.890.920.920.930.30.91-0.590.94-0.98
-0.56-0.93-0.54-0.790.99-0.810.07-0.950.450.62-0.81-0.150.62-0.580.48-0.620.96-0.82-0.83-0.86-0.02-0.810.79-0.980.98
-0.97-0.73-0.97-0.820.36-0.81-0.66-0.70.45-0.14-0.810.1-0.14-0.920.9-0.920.38-0.81-0.77-0.72-0.87-0.8-0.11-0.460.6
-0.06-0.430.0-0.340.66-0.280.8-0.490.62-0.14-0.250.431.0-0.150.11-0.150.49-0.21-0.3-0.380.45-0.280.6-0.560.54
0.90.930.890.98-0.751.00.350.92-0.81-0.81-0.250.06-0.250.9-0.680.93-0.80.991.00.990.561.0-0.390.77-0.9
-0.190.05-0.15-0.11-0.170.010.450.02-0.150.10.430.060.43-0.280.32-0.21-0.370.140.050.03-0.170.03-0.440.22-0.09
-0.06-0.430.0-0.340.66-0.280.8-0.490.62-0.141.0-0.250.43-0.150.11-0.150.49-0.21-0.3-0.380.45-0.280.6-0.560.54
0.980.790.980.93-0.490.920.40.78-0.58-0.92-0.150.9-0.28-0.15-0.831.0-0.480.870.890.860.790.910.00.52-0.71
-0.89-0.74-0.85-0.760.41-0.68-0.39-0.730.480.90.11-0.680.320.11-0.83-0.810.36-0.7-0.65-0.63-0.67-0.68-0.04-0.530.59
0.980.820.980.95-0.540.940.410.81-0.62-0.92-0.150.93-0.21-0.151.0-0.81-0.540.910.920.890.770.94-0.060.57-0.75
-0.49-0.88-0.47-0.750.96-0.78-0.03-0.890.960.380.49-0.8-0.370.49-0.480.36-0.54-0.82-0.82-0.850.02-0.790.86-0.960.93
0.890.940.880.97-0.760.980.40.92-0.82-0.81-0.210.990.14-0.210.87-0.70.91-0.820.990.980.540.99-0.430.8-0.9
0.870.930.870.98-0.781.00.30.92-0.83-0.77-0.31.00.05-0.30.89-0.650.92-0.820.990.990.511.0-0.430.79-0.91
0.840.940.830.98-0.810.990.220.93-0.86-0.72-0.380.990.03-0.380.86-0.630.89-0.850.980.990.440.99-0.490.82-0.93
0.810.340.850.560.090.560.770.3-0.02-0.870.450.56-0.170.450.79-0.670.770.020.540.510.440.550.52-0.01-0.2
0.890.920.890.98-0.751.00.320.91-0.81-0.8-0.281.00.03-0.280.91-0.680.94-0.790.991.00.990.55-0.390.77-0.9
-0.01-0.570.04-0.350.85-0.370.33-0.590.79-0.110.6-0.39-0.440.60.0-0.04-0.060.86-0.43-0.43-0.490.52-0.39-0.820.68
0.550.930.50.76-0.980.76-0.020.94-0.98-0.46-0.560.770.22-0.560.52-0.530.57-0.960.80.790.82-0.010.77-0.82-0.95
-0.7-0.98-0.68-0.880.96-0.89-0.05-0.980.980.60.54-0.9-0.090.54-0.710.59-0.750.93-0.9-0.91-0.93-0.2-0.90.68-0.95
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Natures Miracle Account Relationship Matchups

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