Mangalore Net Receivables vs Total Current Assets Analysis

MANGCHEFER   154.72  2.22  1.46%   
Mangalore Chemicals financial indicator trend analysis is infinitely more than just investigating Mangalore Chemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mangalore Chemicals is a good investment. Please check the relationship between Mangalore Chemicals Net Receivables and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mangalore Chemicals Fertilizers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mangalore Chemicals Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mangalore Chemicals' Net Receivables and Total Current Assets is 0.59. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Mangalore Chemicals Fertilizers, assuming nothing else is changed. The correlation between historical values of Mangalore Chemicals' Net Receivables and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Mangalore Chemicals Fertilizers are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Mangalore Chemicals' Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Mangalore Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mangalore Chemicals 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 Mangalore Chemicals Fertilizers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
The current year's Tax Provision is expected to grow to about 901.5 M, whereas Selling General Administrative is forecasted to decline to about 57.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit10.8B12.7B14.2B7.8B
Total Revenue28.9B36.4B38.0B29.9B

Mangalore Chemicals fundamental ratios Correlations

0.8-0.080.890.390.530.70.20.610.120.420.030.260.530.33-0.140.950.920.0-0.360.20.090.140.20.37-0.43
0.8-0.620.770.190.430.940.070.420.110.20.080.090.510.4-0.160.80.77-0.09-0.440.170.120.010.270.49-0.53
-0.08-0.62-0.1-0.03-0.17-0.630.06-0.11-0.10.340.040.12-0.11-0.320.23-0.08-0.05-0.050.20.02-0.080.0-0.14-0.060.36
0.890.77-0.1-0.060.180.75-0.030.220.070.510.2-0.150.610.330.140.980.98-0.28-0.440.130.03-0.30.530.6-0.48
0.390.19-0.03-0.060.83-0.020.580.930.23-0.16-0.330.77-0.120.05-0.620.080.010.570.090.20.230.92-0.62-0.51-0.04
0.530.43-0.170.180.830.180.670.890.50.05-0.250.630.1-0.11-0.650.290.210.48-0.390.310.430.77-0.43-0.29-0.46
0.70.94-0.630.75-0.020.18-0.260.23-0.10.140.110.00.460.480.020.760.74-0.15-0.3-0.05-0.14-0.220.40.6-0.37
0.20.070.06-0.030.580.67-0.260.50.590.16-0.320.270.08-0.26-0.660.02-0.010.33-0.370.620.670.66-0.5-0.41-0.44
0.610.42-0.110.220.930.890.230.50.29-0.15-0.20.7-0.010.16-0.480.350.250.41-0.020.080.290.75-0.45-0.34-0.16
0.120.11-0.10.070.230.5-0.10.590.290.03-0.02-0.120.03-0.39-0.240.050.00.08-0.340.190.820.22-0.21-0.22-0.43
0.420.20.340.51-0.160.050.140.16-0.150.030.04-0.060.54-0.22-0.090.510.59-0.08-0.620.66-0.1-0.080.380.46-0.53
0.030.080.040.2-0.33-0.250.11-0.32-0.2-0.020.04-0.320.110.090.80.140.14-0.850.12-0.10.25-0.390.580.460.21
0.260.090.12-0.150.770.630.00.270.7-0.12-0.06-0.32-0.080.02-0.470.02-0.030.480.170.06-0.080.79-0.59-0.180.18
0.530.51-0.110.61-0.120.10.460.08-0.010.030.540.11-0.08-0.24-0.050.610.65-0.21-0.440.20.1-0.150.450.44-0.4
0.330.4-0.320.330.05-0.110.48-0.260.16-0.39-0.220.090.02-0.240.210.340.32-0.130.27-0.11-0.32-0.140.260.250.13
-0.14-0.160.230.14-0.62-0.650.02-0.66-0.48-0.24-0.090.8-0.47-0.050.210.050.06-0.840.4-0.47-0.07-0.720.60.470.49
0.950.8-0.080.980.080.290.760.020.350.050.510.140.020.610.340.050.99-0.2-0.420.140.02-0.170.430.58-0.46
0.920.77-0.050.980.010.210.74-0.010.250.00.590.14-0.030.650.320.060.99-0.21-0.430.2-0.04-0.210.480.63-0.45
0.0-0.09-0.05-0.280.570.48-0.150.330.410.08-0.08-0.850.48-0.21-0.13-0.84-0.2-0.21-0.130.13-0.250.62-0.59-0.55-0.19
-0.36-0.440.2-0.440.09-0.39-0.3-0.37-0.02-0.34-0.620.120.17-0.440.270.4-0.42-0.43-0.13-0.58-0.180.03-0.24-0.220.93
0.20.170.020.130.20.31-0.050.620.080.190.66-0.10.060.2-0.11-0.470.140.20.13-0.580.230.38-0.040.03-0.59
0.090.12-0.080.030.230.43-0.140.670.290.82-0.10.25-0.080.1-0.32-0.070.02-0.04-0.25-0.180.230.24-0.23-0.16-0.24
0.140.010.0-0.30.920.77-0.220.660.750.22-0.08-0.390.79-0.15-0.14-0.72-0.17-0.210.620.030.380.24-0.7-0.55-0.05
0.20.27-0.140.53-0.62-0.430.4-0.5-0.45-0.210.380.58-0.590.450.260.60.430.48-0.59-0.24-0.04-0.23-0.70.58-0.22
0.370.49-0.060.6-0.51-0.290.6-0.41-0.34-0.220.460.46-0.180.440.250.470.580.63-0.55-0.220.03-0.16-0.550.58-0.08
-0.43-0.530.36-0.48-0.04-0.46-0.37-0.44-0.16-0.43-0.530.210.18-0.40.130.49-0.46-0.45-0.190.93-0.59-0.24-0.05-0.22-0.08
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Mangalore Chemicals Account Relationship Matchups

Mangalore Chemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.0B20.0B27.2B26.6B24.3B22.9B
Short Long Term Debt Total15.1B8.8B13.6B13.8B10.4B10.4B
Other Current Liab1.2B1.7B2.7B2.2B1.7B2.0B
Total Current Liabilities20.1B12.0B17.3B14.1B10.6B13.6B
Total Stockholder Equity5.5B6.1B6.8B8.0B9.4B6.0B
Property Plant And Equipment Net6.5B6.8B8.9B10.9B11.1B6.7B
Net Debt12.9B5.3B8.8B10.5B7.6B9.1B
Cash2.1B3.5B4.8B3.3B2.8B2.9B
Non Current Assets Total7.1B7.7B9.1B11.0B11.3B7.5B
Cash And Short Term Investments2.1B3.5B5.0B4.3B2.9B1.8B
Net Receivables15.2B5.7B7.4B7.6B6.0B7.6B
Liabilities And Stockholders Equity28.0B20.0B27.2B26.6B24.3B22.9B
Non Current Liabilities Total2.5B1.9B3.0B4.5B4.3B3.2B
Inventory2.5B1.8B4.3B2.4B1.7B2.7B
Other Current Assets16.3B1.6B2.1B2.3B2.4B4.3B
Other Stockholder Equity2.0B2.4B586.6M335K(7.6B)(7.2B)
Total Liab22.6B13.9B20.4B18.6B14.9B16.9B
Total Current Assets20.9B12.3B18.1B15.5B13.0B15.4B
Accumulated Other Comprehensive Income(1.0B)(1.4B)(1.8B)586.6M674.6M708.4M
Non Currrent Assets Other(551.0M)63.7M1K62.8M96.9M92.1M
Intangible Assets17.8M14.9M10.8M10.7M10.4M9.4M
Current Deferred Revenue321.4M1.4B1.9B1.4B134.9M128.2M
Retained Earnings3.7B4.3B5.1B6.3B7.6B4.4B
Accounts Payable5.8B2.8B3.2B1.6B1.4B1.3B
Short Term Debt12.8B7.4B11.2B10.0B7.2B8.6B
Other Liab392.6M255.9M410.1M625.7M563.1M472.7M
Net Tangible Assets4.9B5.4B6.1B6.8B7.8B6.0B
Other Assets568.2M877.6M(10K)31.5M28.3M26.9M
Long Term Debt2.0B1.5B2.2B3.6B3.0B2.3B
Short Long Term Debt12.8B6.6B11.2B10.0B7.2B10.1B
Property Plant Equipment6.5B6.8B8.9B10.9B12.5B7.9B
Long Term Debt Total2.2B1.5B2.4B3.8B4.3B2.4B
Cash And Equivalents1.9B3.3B4.0B3.0B3.4B2.1B
Net Invested Capital20.3B12.7B20.2B21.6B19.6B21.2B
Net Working Capital840.2M314.1M754.3M1.5B2.5B2.6B

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Other Information on Investing in Mangalore Stock

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