WiMi Inventory vs Common Stock Shares Outstanding Analysis

WIMI Stock  USD 0.83  0.04  5.06%   
WiMi Hologram financial indicator trend analysis is more than just analyzing WiMi Hologram Cloud current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WiMi Hologram Cloud is a good investment. Please check the relationship between WiMi Hologram Inventory and its Common Stock Shares Outstanding accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiMi Hologram Cloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Inventory vs Common Stock Shares Outstanding

Inventory vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WiMi Hologram Cloud Inventory account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between WiMi Hologram's Inventory and Common Stock Shares Outstanding is 0.5. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of WiMi Hologram Cloud, assuming nothing else is changed. The correlation between historical values of WiMi Hologram's Inventory and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of WiMi Hologram Cloud are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Inventory i.e., WiMi Hologram's Inventory and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from WiMi Hologram's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WiMi Hologram Cloud 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiMi Hologram Cloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
As of now, WiMi Hologram's Selling General Administrative is increasing as compared to previous years. The WiMi Hologram's current Sales General And Administrative To Revenue is estimated to increase to 0.38, while Tax Provision is forecasted to increase to (2.4 M).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization19.7M12.2M2.2M2.1M
Interest Income3.4M3.7M13.7M14.4M

WiMi Hologram fundamental ratios Correlations

-0.84-0.19-0.080.99-0.850.920.540.97-0.98-0.580.050.980.280.860.8-0.710.940.27-0.490.890.870.65-0.810.770.81
-0.840.1-0.19-0.880.98-0.91-0.63-0.760.860.65-0.31-0.82-0.02-0.73-0.780.95-0.88-0.190.6-0.85-0.84-0.790.99-0.83-0.51
-0.190.10.74-0.270.130.080.61-0.110.22-0.57-0.51-0.25-0.78-0.090.30.16-0.02-0.31-0.630.00.150.210.14-0.41-0.47
-0.08-0.190.74-0.1-0.120.130.46-0.020.13-0.47-0.21-0.17-0.55-0.080.22-0.230.13-0.03-0.470.30.210.34-0.14-0.14-0.31
0.99-0.88-0.27-0.1-0.90.920.520.94-0.98-0.540.160.970.280.820.76-0.780.930.31-0.460.880.840.67-0.860.830.8
-0.850.980.13-0.12-0.9-0.9-0.61-0.770.850.59-0.35-0.82-0.02-0.67-0.740.96-0.85-0.270.57-0.8-0.78-0.770.99-0.84-0.55
0.92-0.910.080.130.92-0.90.810.86-0.92-0.820.090.9-0.090.80.93-0.780.950.15-0.770.890.940.85-0.870.780.53
0.54-0.630.610.460.52-0.610.810.52-0.55-0.96-0.060.51-0.630.510.88-0.50.7-0.12-0.990.630.780.85-0.590.450.03
0.97-0.76-0.11-0.020.94-0.770.860.52-0.95-0.54-0.020.960.290.870.78-0.60.920.17-0.460.860.850.57-0.70.660.86
-0.980.860.220.13-0.980.85-0.92-0.55-0.950.59-0.11-1.0-0.27-0.92-0.840.7-0.95-0.120.51-0.85-0.9-0.650.81-0.79-0.77
-0.580.65-0.57-0.47-0.540.59-0.82-0.96-0.540.590.2-0.540.51-0.62-0.910.48-0.730.150.97-0.69-0.85-0.80.59-0.42-0.05
0.05-0.31-0.51-0.210.16-0.350.09-0.06-0.02-0.110.20.1-0.05-0.06-0.08-0.410.140.030.060.05-0.030.37-0.330.620.0
0.98-0.82-0.25-0.170.97-0.820.90.510.96-1.0-0.540.10.320.910.81-0.660.930.13-0.460.840.880.61-0.780.770.81
0.28-0.02-0.78-0.550.28-0.02-0.09-0.630.29-0.270.51-0.050.320.28-0.22-0.010.050.250.660.09-0.04-0.45-0.020.080.68
0.86-0.73-0.09-0.080.82-0.670.80.510.87-0.92-0.62-0.060.910.280.86-0.490.87-0.23-0.510.750.910.5-0.640.580.66
0.8-0.780.30.220.76-0.740.930.880.78-0.84-0.91-0.080.81-0.220.86-0.570.89-0.2-0.870.780.970.78-0.710.580.38
-0.710.950.16-0.23-0.780.96-0.78-0.5-0.60.70.48-0.41-0.66-0.01-0.49-0.57-0.71-0.370.46-0.73-0.64-0.710.98-0.78-0.41
0.94-0.88-0.020.130.93-0.850.950.70.92-0.95-0.730.140.930.050.870.89-0.710.09-0.670.940.960.81-0.80.810.65
0.27-0.19-0.31-0.030.31-0.270.15-0.120.17-0.120.150.030.130.25-0.23-0.2-0.370.090.210.3-0.10.11-0.280.280.35
-0.490.6-0.63-0.47-0.460.57-0.77-0.99-0.460.510.970.06-0.460.66-0.51-0.870.46-0.670.21-0.59-0.77-0.840.55-0.410.05
0.89-0.850.00.30.88-0.80.890.630.86-0.85-0.690.050.840.090.750.78-0.730.940.3-0.590.890.78-0.780.750.62
0.87-0.840.150.210.84-0.780.940.780.85-0.9-0.85-0.030.88-0.040.910.97-0.640.96-0.1-0.770.890.77-0.760.670.5
0.65-0.790.210.340.67-0.770.850.850.57-0.65-0.80.370.61-0.450.50.78-0.710.810.11-0.840.780.77-0.750.80.17
-0.810.990.14-0.14-0.860.99-0.87-0.59-0.70.810.59-0.33-0.78-0.02-0.64-0.710.98-0.8-0.280.55-0.78-0.76-0.75-0.81-0.48
0.77-0.83-0.41-0.140.83-0.840.780.450.66-0.79-0.420.620.770.080.580.58-0.780.810.28-0.410.750.670.8-0.810.5
0.81-0.51-0.47-0.310.8-0.550.530.030.86-0.77-0.050.00.810.680.660.38-0.410.650.350.050.620.50.17-0.480.5
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WiMi Hologram Account Relationship Matchups

WiMi Hologram fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets563.5M1.2B1.5B1.3B1.0B1.0B
Short Long Term Debt Total87.0M101.1M90.4M44.1M49.9M98.1M
Other Current Liab11.9M15.5M35.6M23.3M171.6M180.1M
Total Current Liabilities122.1M132.2M91.8M109.1M233.5M137.3M
Total Stockholder Equity422.7M997.2M1.3B1.1B753.0M769.6M
Other Liab115.0M2.6M7.8M5.3M4.7M4.5M
Net Tangible Assets(72.7M)43.1M559.8M959.2M1.1B1.2B
Property Plant And Equipment Net769.5K2.2M28.1M25.6M92.7M97.3M
Current Deferred Revenue503.6K10.5M21.9M11.2M10.4M8.8M
Net Debt(42.0M)(253.9M)(661.5M)(528.7M)(288.3M)(302.7M)
Retained Earnings229.2M76.2M(164.3M)(518.0M)(940.3M)(893.3M)
Accounts Payable38.7M27.4M28.0M25.3M30.2M23.7M
Cash129.0M355.0M751.9M572.8M338.2M363.2M
Non Current Assets Total386.0M556.0M597.2M590.3M173.3M164.6M
Non Currrent Assets Other1.2M2.3M147.9M144.0M69.1M57.5M
Other Assets845.0K1.2M2.3M147.9M170.1M178.6M
Long Term Debt16.0M22.7M67.1M36.0M32.4M51.0M
Cash And Short Term Investments129.0M387.9M785.4M611.2M773.8M448.2M
Net Receivables36.1M176.6M26.2M25.4M34.2M43.5M
Good Will351.3M352.1M396.2M277.0M243.3M0.0
Common Stock Shares Outstanding59.3M64.7M83.5M86.1M87.2M78.4M
Liabilities And Stockholders Equity563.5M1.2B1.5B1.3B1.0B1.0B
Non Current Liabilities Total18.7M31.2M73.8M1.9M36.0M34.2M
Other Current Assets12.3M47.8M29.5M31.0M49.7M29.7M
Total Liab140.8M163.4M165.6M111.0M269.5M172.1M
Net Invested Capital509.7M1.1B1.4B1.1B802.5M867.3M
Long Term Investments4.4M114.1M116.4M170.6M11.5M10.9M
Property Plant And Equipment Gross769.5K2.2M31.2M30.1M97.6M102.5M
Total Current Assets177.5M616.4M907.8M670.1M857.7M549.2M
Accumulated Other Comprehensive Income25.3M(11.4M)(26.4M)16.9M59.5M62.4M
Net Working Capital55.4M484.2M816.1M561.0M624.2M411.8M
Short Term Debt71.0M77.8M21.8M43.9M13.9M13.2M
Intangible Assets27.5M41.2M27.9M6.7M6.0M5.7M
Property Plant Equipment1.3M769.5K2.2M28.1M32.3M33.9M

Currently Active Assets on Macroaxis

When determining whether WiMi Hologram Cloud offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WiMi Hologram'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 Wimi Hologram Cloud Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wimi Hologram Cloud Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiMi Hologram Cloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Movies & Entertainment 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 WiMi Hologram. If investors know WiMi 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 WiMi Hologram 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
(0.80)
Earnings Share
(0.65)
Revenue Per Share
6.558
Quarterly Revenue Growth
0.098
Return On Assets
(0.09)
The market value of WiMi Hologram Cloud is measured differently than its book value, which is the value of WiMi that is recorded on the company's balance sheet. Investors also form their own opinion of WiMi Hologram's value that differs from its market value or its book value, called intrinsic value, which is WiMi Hologram'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 WiMi Hologram's market value can be influenced by many factors that don't directly affect WiMi Hologram'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 WiMi Hologram's value and its price as these two are different measures arrived at by different means. Investors typically determine if WiMi Hologram is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WiMi Hologram'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.