Virco Other Current Assets vs Total Assets Analysis
VIRC Stock | USD 11.87 0.66 5.27% |
Virco Manufacturing financial indicator trend analysis is much more than just breaking down Virco Manufacturing prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virco Manufacturing is a good investment. Please check the relationship between Virco Manufacturing Other Current Assets and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.
Other Current Assets vs Total Assets
Other Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Virco Manufacturing Other Current Assets account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Virco Manufacturing's Other Current Assets and Total Assets is 0.51. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Virco Manufacturing, assuming nothing else is changed. The correlation between historical values of Virco Manufacturing's Other Current Assets and Total 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 Other Current Assets of Virco Manufacturing are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Assets i.e., Virco Manufacturing's Other Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Total Assets
Total assets refers to the total amount of Virco Manufacturing assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Virco Manufacturing books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Virco Manufacturing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virco Manufacturing 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.At present, Virco Manufacturing's Enterprise Value is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 184.8M | 231.1M | 269.1M | 163.6M | Depreciation And Amortization | 4.6M | 4.0M | 5.1M | 6.8M |
Virco Manufacturing fundamental ratios Correlations
Click cells to compare fundamentals
Virco Manufacturing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Virco Manufacturing fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 139.0M | 125.0M | 126.4M | 150.1M | 146.4M | 128.2M | |
Short Long Term Debt Total | 40.1M | 30.7M | 30.7M | 33.6M | 12.0M | 19.6M | |
Other Current Liab | 10.0M | 3.4M | 6.6M | 11.5M | 13.7M | 8.0M | |
Total Current Liabilities | 25.1M | 22.1M | 36.3M | 48.5M | 38.5M | 31.3M | |
Total Stockholder Equity | 54.8M | 54.2M | 47.4M | 68.1M | 91.2M | 59.6M | |
Property Plant And Equipment Net | 61.2M | 54.4M | 49.2M | 44.7M | 41.1M | 47.0M | |
Net Debt | 39.0M | 30.3M | 29.3M | 32.6M | 6.7M | 6.3M | |
Retained Earnings | (49.8M) | (52.0M) | (67.2M) | (50.6M) | (29.0M) | (30.5M) | |
Cash | 1.2M | 402K | 1.4M | 1.1M | 5.3M | 5.6M | |
Non Current Assets Total | 80.7M | 74.1M | 57.6M | 61.1M | 57.4M | 58.7M | |
Non Currrent Assets Other | 8.2M | 7.9M | 8.0M | 8.6M | 9.7M | 8.3M | |
Cash And Short Term Investments | 1.2M | 402K | 1.4M | 1.1M | 5.3M | 5.6M | |
Net Receivables | 12.1M | 10.0M | 18.0M | 18.5M | 23.2M | 15.6M | |
Common Stock Shares Outstanding | 15.7M | 15.8M | 16.0M | 16.2M | 16.4M | 15.4M | |
Liabilities And Stockholders Equity | 139.0M | 125.0M | 126.4M | 150.1M | 146.4M | 128.2M | |
Non Current Liabilities Total | 59.1M | 48.7M | 42.7M | 33.5M | 16.7M | 15.9M | |
Inventory | 43.3M | 38.3M | 47.4M | 67.4M | 58.4M | 44.1M | |
Other Current Assets | 1.7M | 2.3M | 2.1M | 2.1M | 2.2M | 2.0M | |
Other Stockholder Equity | 118.8M | 119.7M | 120.5M | 120.9M | 121.4M | 95.7M | |
Total Liab | 84.2M | 70.8M | 79.0M | 82.1M | 55.3M | 68.7M | |
Total Current Assets | 58.3M | 51.0M | 68.8M | 89.1M | 89.0M | 50.6M | |
Short Term Debt | 4.5M | 10.2M | 9.8M | 17.5M | 11.7M | 12.3M | |
Accounts Payable | 10.6M | 8.4M | 19.8M | 19.4M | 12.9M | 13.6M | |
Property Plant And Equipment Gross | 61.2M | 54.4M | 183.9M | 170.4M | 177.4M | 186.3M | |
Accumulated Other Comprehensive Income | (14.3M) | (13.6M) | (6.0M) | (2.4M) | (1.3M) | (1.4M) | |
Other Liab | 23.5M | 23.6M | 17.1M | 12.4M | 14.2M | 22.4M | |
Other Assets | 19.4M | 19.6M | 8.4M | 16.4M | 18.8M | 13.7M | |
Long Term Debt | 15.8M | 9.6M | 14.2M | 14.4M | 4.1M | 3.9M | |
Common Stock Total Equity | 155K | 157K | 159K | 162K | 186.3K | 158.0K | |
Common Stock | 157K | 159K | 161K | 162K | 164K | 159.6K | |
Property Plant Equipment | 39.9M | 36.8M | 49.2M | 34.6M | 31.1M | 39.9M | |
Net Tangible Assets | 54.8M | 54.2M | 47.4M | 68.1M | 78.3M | 49.6M | |
Retained Earnings Total Equity | (52.2M) | (49.8M) | (52.0M) | (50.6M) | (58.2M) | (61.1M) | |
Long Term Debt Total | 15.9M | 15.8M | 9.6M | 14.4M | 16.5M | 10.7M | |
Capital Surpluse | 118.1M | 118.8M | 119.7M | 120.9M | 139.0M | 129.2M | |
Non Current Liabilities Other | 43.2M | 39.2M | 639K | 19.2M | 562K | 533.9K | |
Accumulated Depreciation | (122.8M) | (127.4M) | (132.0M) | (135.8M) | (156.2M) | (164.0M) | |
Short Long Term Debt | 878K | 887K | 340K | 7.4M | 248K | 235.6K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Virco Manufacturing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Virco Manufacturing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Virco Manufacturing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Virco Manufacturing Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Virco Manufacturing. If investors know Virco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Virco Manufacturing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.093 | Earnings Share 1.52 | Revenue Per Share 17.273 | Quarterly Revenue Growth 0.01 | Return On Assets 0.1067 |
The market value of Virco Manufacturing is measured differently than its book value, which is the value of Virco that is recorded on the company's balance sheet. Investors also form their own opinion of Virco Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Virco Manufacturing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virco Manufacturing's market value can be influenced by many factors that don't directly affect Virco Manufacturing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virco Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virco Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virco Manufacturing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.