Mirion Retained Earnings vs Cash And Equivalents Analysis

MIR Stock

USD 17.07 0.13 0.77%

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 Retained Earnings and its Cash And Equivalents 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.

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mirion Technologies Retained Earnings account and Cash And Equivalents. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Mirion Technologies' Retained Earnings and Cash And Equivalents is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Equivalents 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' Retained Earnings and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mirion Technologies are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Retained Earnings i.e., Mirion Technologies' Retained Earnings and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Equivalents

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 12/04/2024, Sales General And Administrative To Revenue is likely to grow to 0.44, while Issuance Of Capital Stock is likely to drop slightly above 128.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	251.8M	317.2M	356.4M	263.4M
Total Revenue	611.6M	717.8M	800.9M	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	Capital Stock	Net Working Capital	Short Long Term Debt Total
Other Current Liab		0.59	0.35	0.66	-0.57	0.59	0.61	0.31	0.39	0.43	0.56	0.58	-0.29	0.42	0.83	0.49	0.27	-0.55	0.56	0.56	0.01	0.57	0.46	-0.6	0.57	-0.71
Total Current Liabilities	0.59		0.44	0.8	-0.94	0.93	0.2	0.4	0.55	0.91	0.97	0.99	0.14	0.88	0.82	0.9	0.66	0.29	0.95	0.95	0.63	0.91	0.9	-0.18	0.97	-0.93
Other Liab	0.35	0.44		-0.01	-0.35	0.62	0.14	0.93	0.9	0.5	0.6	0.5	0.46	0.69	0.7	0.74	0.5	0.27	0.52	0.52	0.48	0.74	0.74	-0.01	0.59	-0.62
Net Tangible Assets	0.66	0.8	-0.01		-0.69	0.73	0.22	-0.09	0.06	0.7	0.65	0.72	-0.14	0.43	0.65	0.56	0.35	-0.1	0.64	0.64	0.35	0.61	0.55	-0.43	0.65	-0.71
Retained Earnings	-0.57	-0.94	-0.35	-0.69		-0.82	-0.18	-0.43	-0.59	-0.84	-0.92	-0.96	0.08	-0.87	-0.71	-0.8	-0.56	-0.27	-0.94	-0.95	-0.56	-0.81	-0.8	0.15	-0.93	0.87
Accounts Payable	0.59	0.93	0.62	0.73	-0.82		0.19	0.57	0.68	0.92	0.91	0.91	0.24	0.82	0.89	0.96	0.52	0.3	0.83	0.83	0.63	0.98	0.95	-0.16	0.9	-0.92
Other Assets	0.61	0.2	0.14	0.22	-0.18	0.19		0.05	0.08	-0.16	0.19	0.19	0.12	0.12	0.51	0.2	0.16	-0.5	0.18	0.18	-0.58	0.18	0.2	0.07	0.19	-0.15
Net Receivables	0.31	0.4	0.93	-0.09	-0.43	0.57	0.05		0.98	0.52	0.58	0.49	0.23	0.7	0.6	0.68	0.33	0.3	0.51	0.51	0.48	0.69	0.68	-0.03	0.57	-0.61
Inventory	0.39	0.55	0.9	0.06	-0.59	0.68	0.08	0.98		0.63	0.7	0.63	0.18	0.79	0.68	0.77	0.37	0.32	0.64	0.64	0.54	0.78	0.77	-0.05	0.7	-0.71
Other Current Assets	0.43	0.91	0.5	0.7	-0.84	0.92	-0.16	0.52	0.63		0.9	0.9	0.07	0.83	0.71	0.87	0.5	0.42	0.84	0.84	0.85	0.91	0.86	-0.28	0.89	-0.92
Other Stockholder Equity	0.56	0.97	0.6	0.65	-0.92	0.91	0.19	0.58	0.7	0.9		0.99	0.19	0.96	0.84	0.94	0.7	0.33	0.98	0.97	0.67	0.95	0.94	-0.16	1.0	-0.95
Total Current Assets	0.58	0.99	0.5	0.72	-0.96	0.91	0.19	0.49	0.63	0.9	0.99		0.12	0.93	0.82	0.91	0.67	0.31	0.98	0.98	0.64	0.92	0.91	-0.17	0.99	-0.94
Common Stock	-0.29	0.14	0.46	-0.14	0.08	0.24	0.12	0.23	0.18	0.07	0.19	0.12		0.26	0.19	0.42	0.53	0.58	0.12	0.11	0.19	0.3	0.44	0.66	0.17	-0.01
Property Plant Equipment	0.42	0.88	0.69	0.43	-0.87	0.82	0.12	0.7	0.79	0.83	0.96	0.93	0.26		0.75	0.91	0.74	0.46	0.95	0.95	0.69	0.9	0.91	-0.02	0.96	-0.87
Common Stock Shares Outstanding	0.83	0.82	0.7	0.65	-0.71	0.89	0.51	0.6	0.68	0.71	0.84	0.82	0.19	0.75		0.87	0.55	-0.06	0.78	0.78	0.36	0.9	0.86	-0.29	0.84	-0.89
Total Assets	0.49	0.9	0.74	0.56	-0.8	0.96	0.2	0.68	0.77	0.87	0.94	0.91	0.42	0.91	0.87		0.68	0.43	0.87	0.87	0.66	0.99	1.0	0.0	0.93	-0.89
Total Stockholder Equity	0.27	0.66	0.5	0.35	-0.56	0.52	0.16	0.33	0.37	0.5	0.7	0.67	0.53	0.74	0.55	0.68		0.4	0.78	0.77	0.49	0.61	0.68	0.16	0.71	-0.57
Net Debt	-0.55	0.29	0.27	-0.1	-0.27	0.3	-0.5	0.3	0.32	0.42	0.33	0.31	0.58	0.46	-0.06	0.43	0.4		0.31	0.31	0.65	0.34	0.45	0.62	0.33	-0.13
Cash	0.56	0.95	0.52	0.64	-0.94	0.83	0.18	0.51	0.64	0.84	0.98	0.98	0.12	0.95	0.78	0.87	0.78	0.31		1.0	0.64	0.87	0.87	-0.15	0.98	-0.91
Cash And Short Term Investments	0.56	0.95	0.52	0.64	-0.95	0.83	0.18	0.51	0.64	0.84	0.97	0.98	0.11	0.95	0.78	0.87	0.77	0.31	1.0		0.63	0.87	0.86	-0.15	0.98	-0.91
Non Current Liabilities Total	0.01	0.63	0.48	0.35	-0.56	0.63	-0.58	0.48	0.54	0.85	0.67	0.64	0.19	0.69	0.36	0.66	0.49	0.65	0.64	0.63		0.68	0.66	-0.17	0.67	-0.67
Total Liab	0.57	0.91	0.74	0.61	-0.81	0.98	0.18	0.69	0.78	0.91	0.95	0.92	0.3	0.9	0.9	0.99	0.61	0.34	0.87	0.87	0.68		0.98	-0.14	0.94	-0.94
Net Invested Capital	0.46	0.9	0.74	0.55	-0.8	0.95	0.2	0.68	0.77	0.86	0.94	0.91	0.44	0.91	0.86	1.0	0.68	0.45	0.87	0.86	0.66	0.98		0.04	0.93	-0.88
Capital Stock	-0.6	-0.18	-0.01	-0.43	0.15	-0.16	0.07	-0.03	-0.05	-0.28	-0.16	-0.17	0.66	-0.02	-0.29	0.0	0.16	0.62	-0.15	-0.15	-0.17	-0.14	0.04		-0.16	0.42
Net Working Capital	0.57	0.97	0.59	0.65	-0.93	0.9	0.19	0.57	0.7	0.89	1.0	0.99	0.17	0.96	0.84	0.93	0.71	0.33	0.98	0.98	0.67	0.94	0.93	-0.16		-0.95
Short Long Term Debt Total	-0.71	-0.93	-0.62	-0.71	0.87	-0.92	-0.15	-0.61	-0.71	-0.92	-0.95	-0.94	-0.01	-0.87	-0.89	-0.89	-0.57	-0.13	-0.91	-0.91	-0.67	-0.94	-0.88	0.42	-0.95

Click cells to compare fundamentals

Mirion Technologies Account Relationship Matchups

Mirion Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	636.0	375.1K	64.7M	65.6M	91.4M	57.4M
Total Current Liabilities	636.0	1.3M	221M	244.3M	265.7M	279.0M
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	(636.0)	(1.0M)	(131.6M)	(408.5M)	(505.4M)	(480.1M)
Accounts Payable	636.0	965.4K	59.4M	67.7M	58.7M	29.4M
Other Assets	(845M)	16.7M	24.5M	24.8M	22.3M	23.4M
Other Current Assets	19.5M	599.2K	27.2M	33.4M	30M	23.9M
Other Stockholder Equity	(10.9M)	6.0M	1.8B	1.9B	2.1B	2.2B
Property Plant Equipment	75.2M	88.8M	169.7M	164.9M	189.6M	199.1M
Common Stock Shares Outstanding	20.1M	57.0M	208.1M	181.1M	196.4M	133.8M
Total Stockholder Equity	4.4K	723.7M	1.7B	(408.5M)	1.5B	1.6B
Net Debt	1.5B	1.7B	776.6M	776.1M	592M	709.0M
Non Current Assets Total	845M	750.3M	2.7B	2.2B	2.2B	1.6B
Non Current Liabilities Total	1.5B	26.3M	1.1B	801.5M	902.8M	789.9M
Total Liab	636.0	27.6M	1.3B	1.3B	1.2B	697.0M
Net Invested Capital	4.4K	723.7M	2.5B	2.2B	2.2B	1.4B
Net Working Capital	4.4K	(358.0K)	232.5M	236.3M	272.9M	286.5M

Pair Trading with Mirion Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mirion Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mirion Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mirion Stock

0.9	B	Barnes Group	Pair Corr
0.63	BW	Babcock Wilcox Enter	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.66	HI	Hillenbrand	Pair Corr
0.78	IR	Ingersoll Rand	Pair Corr

Moving against Mirion Stock

0.79	RR	Richtech Robotics Class	Pair Corr
0.71	CYD	China Yuchai Interna	Pair Corr
0.69	AOS	Smith AO	Pair Corr
0.64	CVV	CVD Equipment	Pair Corr

The ability to find closely correlated positions to Mirion Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirion Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mirion Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mirion Technologies to buy it.

The correlation of Mirion Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mirion Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirion Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Mirion Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Mirion Stock Analysis

When running Mirion Technologies' price analysis, check to measure Mirion Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.

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