Microvision Total Current Liabilities vs Asset Turnover Analysis
MVIS Stock | USD 0.81 0.02 2.89% |
Microvision financial indicator trend analysis is infinitely more than just investigating Microvision recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microvision is a good investment. Please check the relationship between Microvision Total Current Liabilities and its Asset Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microvision. 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. For more information on how to buy Microvision Stock please use our How to Invest in Microvision guide.
Total Current Liabilities vs Asset Turnover
Total Current Liabilities vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microvision Total Current Liabilities account and Asset Turnover. At this time, the significance of the direction appears to have no relationship.
The correlation between Microvision's Total Current Liabilities and Asset Turnover is 0.05. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Microvision, assuming nothing else is changed. The correlation between historical values of Microvision's Total Current Liabilities and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Microvision are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Liabilities i.e., Microvision's Total Current Liabilities and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Microvision balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Microvision are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Microvision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microvision 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 Microvision. 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. For more information on how to buy Microvision Stock please use our How to Invest in Microvision guide.At this time, Microvision's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 50.3 M in 2024.
Microvision fundamental ratios Correlations
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Microvision Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Microvision fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.8M | 21.0M | 130.2M | 115.0M | 129.6M | 136.1M | |
Other Current Liab | 2.1M | (212K) | 2.1M | 1.0M | 11.2M | 11.7M | |
Total Current Liabilities | 14.5M | 10.0M | 12.5M | 11.4M | 20.5M | 10.6M | |
Total Stockholder Equity | (4.0M) | 9.0M | 112.8M | 89.7M | 95.8M | 100.6M | |
Property Plant And Equipment Net | 3.2M | 2.8M | 8.6M | 21.4M | 22.8M | 23.9M | |
Net Debt | (3.8M) | (13.8M) | (76.4M) | (4.8M) | (30.1M) | (28.6M) | |
Retained Earnings | (572.6M) | (586.2M) | (629.4M) | (682.5M) | (765.4M) | (727.1M) | |
Accounts Payable | 1.9M | 630K | 3.6M | 2.1M | 2.3M | 2.8M | |
Cash | 5.8M | 16.9M | 82.6M | 20.5M | 45.2M | 47.4M | |
Non Current Assets Total | 4.0M | 3.4M | 10.8M | 24.0M | 42.9M | 45.0M | |
Cash And Short Term Investments | 5.8M | 16.9M | 115.4M | 82.7M | 73.8M | 77.5M | |
Common Stock Shares Outstanding | 111.3M | 139.8M | 160.7M | 166.0M | 182.8M | 191.9M | |
Liabilities And Stockholders Equity | 11.8M | 21.0M | 130.2M | 115.0M | 129.6M | 136.1M | |
Other Current Assets | 729K | 698K | 2.3M | 6.4M | 8.2M | 8.6M | |
Other Stockholder Equity | 568.5M | 601.2M | 742.0M | 772.2M | 860.8M | 903.8M | |
Total Liab | 15.8M | 12.0M | 17.5M | 25.3M | 33.8M | 35.5M | |
Property Plant And Equipment Gross | 3.2M | 2.8M | 8.6M | 21.4M | 41.3M | 43.3M | |
Total Current Assets | 7.8M | 17.6M | 119.4M | 91.0M | 86.8M | 91.1M | |
Short Long Term Debt Total | 2.0M | 3.1M | 6.3M | 15.7M | 15.0M | 15.8M | |
Net Receivables | 1.5M | 1.1M | 0.0 | 4.1M | 949K | 1.3M | |
Non Current Liabilities Total | 1.4M | 2.0M | 5.0M | 13.8M | 13.3M | 14.0M | |
Accumulated Other Comprehensive Income | 0.0 | (6.1M) | (19K) | (127K) | 210K | 220.5K | |
Short Term Debt | 681K | 1.8M | 2.1M | 3.7M | 4.6M | 4.9M | |
Common Stock Total Equity | 126K | 153K | 164K | 171K | 153.9K | 146.2K | |
Common Stock | 126K | 153K | 164K | 171K | 195K | 185.3K | |
Other Assets | 621K | 1.4M | 2.1M | 2.5M | 2.3M | 1.3M | |
Property Plant Equipment | 1.8M | 1.9M | 8.6M | 6.8M | 6.1M | 3.1M | |
Current Deferred Revenue | 9.8M | 7.8M | 5.3M | 4.6M | 300K | 285K | |
Inventory | 192K | 0.0 | 1.8M | 1.9M | 3.9M | 4.1M | |
Intangible Assets | 221K | 164K | 115K | 75K | 17.2M | 18.1M | |
Net Tangible Assets | (4.2M) | 8.8M | 112.6M | 89.7M | 103.1M | 108.3M | |
Retained Earnings Total Equity | (572.6M) | (586.2M) | (629.4M) | (682.5M) | (614.3M) | (645.0M) | |
Capital Surpluse | 568.5M | 601.2M | 742.0M | 772.2M | 888.1M | 600.1M | |
Capital Lease Obligations | 2.0M | 1.5M | 5.9M | 15.7M | 15.0M | 15.8M |
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