Mirion Change To Inventory vs Net Borrowings Analysis

MIR Stock

USD 18.12 0.28 1.57%

Mirion Technologies financial indicator trend analysis is infinitely more than just investigating Mirion Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mirion Technologies is a good investment. Please check the relationship between Mirion Technologies Change To Inventory and its Net Borrowings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. 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.

To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.

Change To Inventory vs Net Borrowings

Change To Inventory vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mirion Technologies Change To Inventory account and Net Borrowings. At this time, the significance of the direction appears to have no relationship.

The correlation between Mirion Technologies' Change To Inventory and Net Borrowings is 0.08. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Mirion Technologies, assuming nothing else is changed. The correlation between historical values of Mirion Technologies' Change To Inventory and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Mirion Technologies are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Inventory i.e., Mirion Technologies' Change To Inventory and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Most indicators from Mirion Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mirion Technologies 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 Mirion Technologies. 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.

To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.At this time, Mirion Technologies' Selling General Administrative is relatively stable compared to the past year. As of 01/24/2025, Sales General And Administrative To Revenue is likely to grow to 0.40, while Issuance Of Capital Stock is likely to drop slightly above 128.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	317.2M	356.4M	409.9M	263.4M
Total Revenue	717.8M	800.9M	921.0M	624.0M

Gross Profit Total Revenue

Mirion Technologies fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Non Current Liabilities Total	Total Liab	Net Invested Capital	Net Working Capital	Short Long Term Debt Total	Property Plant And Equipment Net
Other Current Liab		0.67	0.43	0.69	-0.68	0.64	0.55	0.5	0.57	0.57	0.65	0.66	-0.29	0.52	0.87	0.61	0.44	-0.43	0.66	0.66	0.18	0.67	0.59	0.65	-0.78	0.67
Total Current Liabilities	0.67		0.46	0.8	-0.95	0.99	0.21	0.52	0.63	0.91	0.98	0.99	0.07	0.9	0.84	0.9	0.75	0.28	0.96	0.96	0.67	0.91	0.9	0.98	-0.93	0.94
Other Liab	0.43	0.46		0.05	-0.42	0.53	0.16	0.92	0.88	0.55	0.6	0.51	0.43	0.7	0.72	0.76	0.52	0.27	0.53	0.52	0.52	0.75	0.76	0.59	-0.65	0.72
Net Tangible Assets	0.69	0.8	0.05		-0.72	0.77	0.24	0.07	0.2	0.72	0.68	0.74	-0.16	0.48	0.68	0.6	0.43	-0.08	0.66	0.66	0.41	0.65	0.59	0.68	-0.73	0.65
Retained Earnings	-0.68	-0.95	-0.42	-0.72		-0.93	-0.2	-0.58	-0.7	-0.88	-0.94	-0.96	0.11	-0.87	-0.79	-0.85	-0.65	-0.27	-0.94	-0.94	-0.62	-0.86	-0.85	-0.94	0.9	-0.9
Accounts Payable	0.64	0.99	0.53	0.77	-0.93		0.21	0.57	0.67	0.93	0.98	0.99	0.12	0.92	0.86	0.93	0.72	0.31	0.94	0.94	0.69	0.94	0.93	0.98	-0.94	0.96
Other Assets	0.55	0.21	0.16	0.24	-0.2	0.21		0.08	0.11	-0.1	0.2	0.21	0.11	0.13	0.48	0.21	0.17	-0.49	0.19	0.19	-0.52	0.2	0.21	0.2	-0.17	0.2
Net Receivables	0.5	0.52	0.92	0.07	-0.58	0.57	0.08		0.99	0.63	0.65	0.59	0.14	0.74	0.71	0.76	0.46	0.28	0.61	0.61	0.56	0.76	0.75	0.64	-0.7	0.75
Inventory	0.57	0.63	0.88	0.2	-0.7	0.67	0.11	0.99		0.72	0.74	0.7	0.09	0.82	0.77	0.82	0.51	0.3	0.71	0.71	0.6	0.83	0.82	0.74	-0.78	0.83
Other Current Assets	0.57	0.91	0.55	0.72	-0.88	0.93	-0.1	0.63	0.72		0.91	0.91	0.02	0.85	0.78	0.9	0.6	0.4	0.86	0.86	0.87	0.93	0.89	0.9	-0.94	0.92
Other Stockholder Equity	0.65	0.98	0.6	0.68	-0.94	0.98	0.2	0.65	0.74	0.91		0.99	0.11	0.97	0.86	0.93	0.78	0.32	0.98	0.98	0.7	0.94	0.93	1.0	-0.95	0.97
Total Current Assets	0.66	0.99	0.51	0.74	-0.96	0.99	0.21	0.59	0.7	0.91	0.99		0.04	0.94	0.84	0.91	0.76	0.3	0.98	0.98	0.68	0.91	0.91	0.99	-0.94	0.95
Common Stock	-0.29	0.07	0.43	-0.16	0.11	0.12	0.11	0.14	0.09	0.02	0.11	0.04		0.22	0.12	0.32	0.4	0.57	0.04	0.03	0.15	0.22	0.34	0.09	0.03	0.21
Property Plant Equipment	0.52	0.9	0.7	0.48	-0.87	0.92	0.13	0.74	0.82	0.85	0.97	0.94	0.22		0.79	0.92	0.79	0.45	0.94	0.94	0.73	0.91	0.92	0.97	-0.88	0.94
Common Stock Shares Outstanding	0.87	0.84	0.72	0.68	-0.79	0.86	0.48	0.71	0.77	0.78	0.86	0.84	0.12	0.79		0.9	0.64	-0.02	0.81	0.81	0.46	0.92	0.89	0.85	-0.92	0.91
Total Assets	0.61	0.9	0.76	0.6	-0.85	0.93	0.21	0.76	0.82	0.9	0.93	0.91	0.32	0.92	0.9		0.73	0.41	0.88	0.87	0.71	0.99	1.0	0.93	-0.92	0.99
Total Stockholder Equity	0.44	0.75	0.52	0.43	-0.65	0.72	0.17	0.46	0.51	0.6	0.78	0.76	0.4	0.79	0.64	0.73		0.38	0.84	0.83	0.56	0.68	0.74	0.79	-0.66	0.74
Net Debt	-0.43	0.28	0.27	-0.08	-0.27	0.31	-0.49	0.28	0.3	0.4	0.32	0.3	0.57	0.45	-0.02	0.41	0.38		0.29	0.29	0.64	0.33	0.43	0.32	-0.14	0.36
Cash	0.66	0.96	0.53	0.66	-0.94	0.94	0.19	0.61	0.71	0.86	0.98	0.98	0.04	0.94	0.81	0.88	0.84	0.29		1.0	0.67	0.87	0.87	0.99	-0.91	0.92
Cash And Short Term Investments	0.66	0.96	0.52	0.66	-0.94	0.94	0.19	0.61	0.71	0.86	0.98	0.98	0.03	0.94	0.81	0.87	0.83	0.29	1.0		0.67	0.87	0.87	0.99	-0.91	0.92
Non Current Liabilities Total	0.18	0.67	0.52	0.41	-0.62	0.69	-0.52	0.56	0.6	0.87	0.7	0.68	0.15	0.73	0.46	0.71	0.56	0.64	0.67	0.67		0.72	0.7	0.7	-0.71	0.72
Total Liab	0.67	0.91	0.75	0.65	-0.86	0.94	0.2	0.76	0.83	0.93	0.94	0.91	0.22	0.91	0.92	0.99	0.68	0.33	0.87	0.87	0.72		0.99	0.93	-0.95	0.99
Net Invested Capital	0.59	0.9	0.76	0.59	-0.85	0.93	0.21	0.75	0.82	0.89	0.93	0.91	0.34	0.92	0.89	1.0	0.74	0.43	0.87	0.87	0.7	0.99		0.92	-0.9	0.99
Net Working Capital	0.65	0.98	0.59	0.68	-0.94	0.98	0.2	0.64	0.74	0.9	1.0	0.99	0.09	0.97	0.85	0.93	0.79	0.32	0.99	0.99	0.7	0.93	0.92		-0.95	0.96
Short Long Term Debt Total	-0.78	-0.93	-0.65	-0.73	0.9	-0.94	-0.17	-0.7	-0.78	-0.94	-0.95	-0.94	0.03	-0.88	-0.92	-0.92	-0.66	-0.14	-0.91	-0.91	-0.71	-0.95	-0.9	-0.95		-0.95
Property Plant And Equipment Net	0.67	0.94	0.72	0.65	-0.9	0.96	0.2	0.75	0.83	0.92	0.97	0.95	0.21	0.94	0.91	0.99	0.74	0.36	0.92	0.92	0.72	0.99	0.99	0.96	-0.95

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Mirion Technologies Account Relationship Matchups

Mirion Technologies fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	375.1K	64.7M	65.6M	91.3M	105.0M	57.3M
Total Current Liabilities	1.3M	221M	244.3M	265.7M	305.6M	320.8M
Other Liab	119.9M	142.3M	265.6M	191.3M	220.0M	116.3M
Net Tangible Assets	(1.5B)	(1.8B)	(776.3M)	(670.2M)	(603.2M)	(633.3M)
Retained Earnings	(1.0M)	(131.6M)	(408.5M)	(505.4M)	(454.9M)	(432.1M)
Accounts Payable	965.4K	59.4M	67.7M	58.7M	67.5M	70.9M
Other Assets	(845M)	16.7M	24.5M	24.8M	22.3M	23.4M
Net Receivables	156.8M	213.7M	225.6M	230.4M	265.0M	143.3M
Inventory	90.2M	123.6M	143.3M	144.1M	165.7M	94.9M
Other Current Assets	599.2K	27.2M	33.4M	30M	34.5M	23.9M
Other Stockholder Equity	6.0M	1.8B	1.9B	2.1B	2.4B	2.5B
Total Current Assets	982.4K	397.2M	480.6M	538.6M	619.4M	650.4M
Property Plant Equipment	75.2M	88.8M	169.7M	164.9M	189.6M	199.1M
Common Stock Shares Outstanding	57.0M	208.1M	181.1M	196.4M	225.8M	133.8M
Total Assets	751.3M	3.1B	2.7B	2.7B	3.1B	1.7B
Total Stockholder Equity	723.7M	1.7B	(408.5M)	1.5B	1.7B	1.8B
Net Debt	1.7B	776.6M	776.1M	592.2M	533.0M	709.0M
Cash	383.2K	84M	73.5M	128.8M	148.1M	155.5M
Non Current Assets Total	750.3M	2.7B	2.2B	2.2B	2.5B	1.6B
Cash And Short Term Investments	383.2K	84M	77.8M	134.1M	154.2M	161.9M
Liabilities And Stockholders Equity	751.3M	3.1B	2.7B	2.7B	3.1B	1.7B
Non Current Liabilities Total	26.3M	1.1B	801.5M	902.8M	1.0B	789.9M
Total Liab	27.6M	1.3B	1.3B	1.2B	1.3B	697.0M
Net Invested Capital	723.7M	2.5B	2.2B	2.2B	2.5B	1.4B
Net Working Capital	(358.0K)	232.5M	236.3M	272.9M	313.8M	329.5M
Short Long Term Debt Total	2.1B	860.6M	849.6M	721M	648.9M	991.3M
Property Plant And Equipment Net	75.2M	169.7M	164.9M	167.4M	192.5M	140.8M
Current Deferred Revenue	(41.1M)	73M	83M	103.4M	118.9M	124.9M
Non Currrent Assets Other	(846.1M)	81.6M	(117.3M)	26.1M	30.0M	31.5M
Long Term Debt	2.1B	806.8M	801.5M	684.7M	616.2M	961.0M
Good Will	522.6M	1.7B	1.4B	1.4B	1.7B	1.2B
Accumulated Other Comprehensive Income	(750M)	(20.7M)	(75.7M)	(65.3M)	(75.1M)	(78.8M)
Short Term Debt	41.1M	13.2M	13.8M	8.1M	7.3M	13.9M
Intangible Assets	248.3M	806.9M	650.4M	538.8M	619.6M	553.3M

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Mirion Change To Inventory vs Net Borrowings Analysis

Change To Inventory vs Net Borrowings

Change To Inventory vs Net Borrowings Correlation Analysis

Correlation Coefficient

Change To Inventory

Net Borrowings

Mirion Technologies fundamental ratios Correlations

Mirion Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mirion Technologies fundamental ratios Accounts

Additional Tools for Mirion Stock Analysis

COMMON DESTINATIONS

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Net Working Capital	+ 1.0	Other Stockholder Equity
Net Invested Capital	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Accounts Payable

Total Current Assets	- 0.96	Retained Earnings
Property Plant And Equipment Net	- 0.95	Short Long Term Debt Total
Short Long Term Debt Total	- 0.95	Net Working Capital
Short Long Term Debt Total	- 0.95	Total Liab
Short Long Term Debt Total	- 0.95	Other Stockholder Equity
Retained Earnings	- 0.95	Total Current Liabilities