Mind Technology Stock Working Capital

MIND Stock  USD 4.41  0.06  1.38%   
Mind Technology fundamentals help investors to digest information that contributes to Mind Technology's financial success or failures. It also enables traders to predict the movement of Mind Stock. The fundamental analysis module provides a way to measure Mind Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mind Technology stock.
The current year's Net Working Capital is expected to grow to about 17 M. The current year's Change In Working Capital is expected to grow to about 2.5 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Mind Working Capital Analysis

Mind Technology's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
 2021 2022 2023 2024 (projected)
Total Operating Expenses20.6M20.6M23.7M20.6M
Cost Of Revenue17.1M22.1M25.4M29.6M

Working Capital

 = 

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Mind Technology Working Capital

    
  13.57 M  
Most of Mind Technology's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mind Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Mind Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Mind Technology is extremely important. It helps to project a fair market value of Mind Stock properly, considering its historical fundamentals such as Working Capital. Since Mind Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Mind Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Mind Technology's interrelated accounts and indicators.
0.140.990.320.860.720.970.30.820.940.030.780.06-0.34-0.10.960.760.410.150.010.180.740.73-0.57-0.680.450.650.54-0.54
0.140.080.22-0.120.330.270.360.460.24-0.030.31-0.21-0.370.360.060.08-0.12-0.190.070.28-0.14-0.040.130.03-0.26-0.24-0.260.27
0.990.080.260.870.690.950.290.760.930.030.740.1-0.32-0.120.950.720.430.190.00.150.750.72-0.59-0.670.480.670.57-0.56
0.320.220.260.330.050.3-0.020.580.20.140.47-0.13-0.06-0.020.330.75-0.18-0.220.35-0.130.220.4-0.09-0.420.010.160.03-0.09
0.86-0.120.870.330.490.83-0.20.620.670.080.550.160.16-0.530.940.760.610.22-0.070.340.960.9-0.76-0.840.640.890.76-0.77
0.720.330.690.050.490.750.280.760.76-0.390.58-0.26-0.270.010.720.480.6-0.25-0.470.450.510.53-0.23-0.510.10.210.1-0.13
0.970.270.950.30.830.750.270.860.930.070.80.08-0.31-0.140.930.740.420.230.030.360.740.71-0.6-0.650.420.660.58-0.55
0.30.360.29-0.02-0.20.280.270.290.50.130.350.03-0.960.850.04-0.02-0.480.030.31-0.44-0.38-0.350.350.39-0.2-0.29-0.290.31
0.820.460.760.580.620.760.860.290.83-0.020.81-0.15-0.37-0.020.770.830.25-0.090.070.30.520.61-0.32-0.640.210.370.28-0.3
0.940.240.930.20.670.760.930.50.830.020.810.03-0.560.070.830.620.270.160.070.120.530.52-0.4-0.520.30.450.42-0.41
0.03-0.030.030.140.08-0.390.070.13-0.020.020.00.85-0.23-0.02-0.09-0.07-0.520.640.77-0.16-0.09-0.27-0.180.260.40.380.43-0.36
0.780.310.740.470.550.580.80.350.810.810.0-0.06-0.40.070.70.690.160.150.120.190.450.53-0.28-0.480.150.290.22-0.23
0.06-0.210.1-0.130.16-0.260.080.03-0.150.030.85-0.06-0.08-0.130.0-0.2-0.230.530.38-0.130.05-0.23-0.260.260.540.450.44-0.4
-0.34-0.37-0.32-0.060.16-0.27-0.31-0.96-0.37-0.56-0.23-0.4-0.08-0.73-0.06-0.050.54-0.1-0.440.440.370.34-0.23-0.30.150.230.18-0.18
-0.10.36-0.12-0.02-0.530.01-0.140.85-0.020.07-0.020.07-0.13-0.73-0.3-0.22-0.57-0.230.18-0.5-0.63-0.530.70.63-0.43-0.62-0.650.68
0.960.060.950.330.940.720.930.040.770.83-0.090.70.0-0.06-0.30.790.620.05-0.180.320.890.88-0.64-0.820.490.710.57-0.58
0.760.080.720.750.760.480.74-0.020.830.62-0.070.69-0.2-0.05-0.220.790.3-0.110.060.160.690.8-0.47-0.770.320.530.41-0.42
0.41-0.120.43-0.180.610.60.42-0.480.250.27-0.520.16-0.230.54-0.570.620.3-0.19-0.760.640.780.74-0.42-0.690.270.420.31-0.33
0.15-0.190.19-0.220.22-0.250.230.03-0.090.160.640.150.53-0.1-0.230.05-0.11-0.190.610.170.12-0.06-0.410.10.320.510.64-0.55
0.010.070.00.35-0.07-0.470.030.310.070.070.770.120.38-0.440.18-0.180.06-0.760.61-0.34-0.28-0.29-0.020.230.050.150.27-0.23
0.180.280.15-0.130.340.450.36-0.440.30.12-0.160.19-0.130.44-0.50.320.160.640.17-0.340.510.45-0.36-0.40.160.350.32-0.32
0.74-0.140.750.220.960.510.74-0.380.520.53-0.090.450.050.37-0.630.890.690.780.12-0.280.510.94-0.76-0.870.590.840.7-0.71
0.73-0.040.720.40.90.530.71-0.350.610.52-0.270.53-0.230.34-0.530.880.80.74-0.06-0.290.450.94-0.63-0.940.430.670.52-0.54
-0.570.13-0.59-0.09-0.76-0.23-0.60.35-0.32-0.4-0.18-0.28-0.26-0.230.7-0.64-0.47-0.42-0.41-0.02-0.36-0.76-0.630.64-0.58-0.84-0.850.86
-0.680.03-0.67-0.42-0.84-0.51-0.650.39-0.64-0.520.26-0.480.26-0.30.63-0.82-0.77-0.690.10.23-0.4-0.87-0.940.64-0.39-0.61-0.520.56
0.45-0.260.480.010.640.10.42-0.20.210.30.40.150.540.15-0.430.490.320.270.320.050.160.590.43-0.58-0.390.780.63-0.63
0.65-0.240.670.160.890.210.66-0.290.370.450.380.290.450.23-0.620.710.530.420.510.150.350.840.67-0.84-0.610.780.93-0.92
0.54-0.260.570.030.760.10.58-0.290.280.420.430.220.440.18-0.650.570.410.310.640.270.320.70.52-0.85-0.520.630.93-0.93
-0.540.27-0.56-0.09-0.77-0.13-0.550.31-0.3-0.41-0.36-0.23-0.4-0.180.68-0.58-0.42-0.33-0.55-0.23-0.32-0.71-0.540.860.56-0.63-0.92-0.93
Click cells to compare fundamentals
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Competition

Based on the company's disclosures, Mind Technology has a Working Capital of 13.57 M. This is 99.86% lower than that of the Energy Equipment & Services sector and 95.54% lower than that of the Energy industry. The working capital for all United States stocks is 99.08% higher than that of the company.

Mind Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mind Technology's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mind Technology could also be used in its relative valuation, which is a method of valuing Mind Technology by comparing valuation metrics of similar companies.
Mind Technology is currently under evaluation in working capital category among related companies.

Mind Fundamentals

About Mind Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mind Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mind Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mind Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Net Working Capital12.2 M17 M
Change In Working Capital2.4 M2.5 M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mind Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mind Technology's short interest history, or implied volatility extrapolated from Mind Technology options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:
Check out Mind Technology Piotroski F Score and Mind Technology Altman Z Score analysis.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Mind Stock analysis

When running Mind Technology's price analysis, check to measure Mind Technology's 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 Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Global Correlations
Find global opportunities by holding instruments from different markets
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Is Mind Technology's industry 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 Mind Technology. If investors know Mind 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 Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.19)
Revenue Per Share
30.512
Quarterly Revenue Growth
0.637
Return On Assets
(0.06)
Return On Equity
(0.15)
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology'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 Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology'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 Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology'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.