Biomerica Weighted Average Shares vs Invested Capital Analysis

Trend analysis of Biomerica balance sheet accounts such as Other Current Liab of 1.2 M, Total Current Liabilities of 1.3 M or Total Stockholder Equity of 14.2 M provides information on Biomerica's total assets, liabilities, and equity, which is the actual value of Biomerica to its prevalent stockholders. By breaking down trends over time using Biomerica balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Biomerica Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Biomerica at a specified time, usually calculated after every quarter, six months, or one year. Biomerica Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Biomerica and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Biomerica currently owns. An asset can also be divided into two categories, current and non-current.

Biomerica Balance Sheet Chart

Biomerica Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Biomerica uses and utilizes its capital. It also shows what exactly a company owns and owes.

At present, Biomerica's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 1.2 M, whereas Total Current Liabilities is forecasted to decline to about 1.3 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Property Plant Equipment

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Total Assets

Total assets refers to the total amount of Biomerica 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 Biomerica 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.

Total Current Liabilities

Total Current Liabilities is an item on Biomerica balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Biomerica 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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Biomerica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biomerica 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

The current year's Tax Provision is expected to grow to about 48 K, whereas Selling General Administrative is forecasted to decline to about 6.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0M	446K	401.4K	381.3K
Total Revenue	18.9M	5.3M	6.1M	7.6M

Gross Profit Total Revenue

Biomerica fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.66	0.74	0.99	0.89	-0.88	-0.78	0.94	0.67	0.23	0.94	0.01	0.8	0.77	0.48	0.4	0.89	0.79	0.89	1.0	0.24	-0.33	0.05	-0.11	0.61	0.85
Other Current Liab	0.66		0.74	0.62	0.42	-0.85	-0.63	0.83	0.11	-0.04	0.83	-0.62	0.53	0.39	-0.14	-0.17	0.7	0.58	0.74	0.7	-0.08	-0.17	0.56	0.37	0.22	0.61
Total Current Liabilities	0.74	0.74		0.68	0.69	-0.76	-0.8	0.75	0.47	0.3	0.75	-0.21	0.65	0.8	0.36	0.1	0.74	0.93	0.81	0.75	0.42	-0.15	0.19	-0.03	0.7	0.68
Total Stockholder Equity	0.99	0.62	0.68		0.87	-0.87	-0.75	0.94	0.66	0.18	0.94	0.03	0.78	0.72	0.46	0.44	0.87	0.74	0.86	0.99	0.19	-0.34	0.03	-0.12	0.57	0.83
Property Plant And Equipment Net	0.89	0.42	0.69	0.87		-0.64	-0.73	0.72	0.88	0.5	0.72	0.26	0.72	0.85	0.72	0.37	0.76	0.85	0.81	0.85	0.29	-0.33	-0.12	-0.25	0.72	0.71
Net Debt	-0.88	-0.85	-0.76	-0.87	-0.64		0.65	-0.97	-0.35	0.0	-0.97	0.36	-0.59	-0.55	-0.06	-0.31	-0.76	-0.71	-0.79	-0.91	-0.08	0.15	-0.38	-0.2	-0.38	-0.69
Retained Earnings	-0.78	-0.63	-0.8	-0.75	-0.73	0.65		-0.74	-0.56	-0.14	-0.74	0.12	-0.95	-0.67	-0.6	0.04	-0.95	-0.74	-0.93	-0.78	-0.16	0.52	0.23	0.44	-0.81	-0.94
Cash	0.94	0.83	0.75	0.94	0.72	-0.97	-0.74		0.43	0.05	1.0	-0.28	0.73	0.62	0.2	0.28	0.87	0.71	0.87	0.97	0.11	-0.27	0.27	0.09	0.45	0.81
Non Current Assets Total	0.67	0.11	0.47	0.66	0.88	-0.35	-0.56	0.43		0.47	0.43	0.44	0.54	0.69	0.79	0.32	0.53	0.7	0.59	0.59	0.17	-0.25	-0.33	-0.35	0.72	0.5
Non Currrent Assets Other	0.23	-0.04	0.3	0.18	0.5	0.0	-0.14	0.05	0.47		0.05	0.42	0.1	0.63	0.55	0.18	0.08	0.52	0.06	0.19	0.39	0.16	0.05	-0.02	0.39	0.06
Cash And Short Term Investments	0.94	0.83	0.75	0.94	0.72	-0.97	-0.74	1.0	0.43	0.05		-0.28	0.73	0.62	0.2	0.28	0.87	0.71	0.87	0.97	0.11	-0.27	0.27	0.09	0.45	0.81
Net Receivables	0.01	-0.62	-0.21	0.03	0.26	0.36	0.12	-0.28	0.44	0.42	-0.28		-0.04	0.34	0.57	0.46	-0.14	0.02	-0.2	-0.06	0.43	-0.08	-0.52	-0.4	0.17	-0.09
Common Stock Shares Outstanding	0.8	0.53	0.65	0.78	0.72	-0.59	-0.95	0.73	0.54	0.1	0.73	-0.04		0.63	0.64	0.0	0.97	0.6	0.91	0.79	0.16	-0.58	-0.32	-0.51	0.74	0.99
Non Current Liabilities Total	0.77	0.39	0.8	0.72	0.85	-0.55	-0.67	0.62	0.69	0.63	0.62	0.34	0.63		0.67	0.36	0.66	0.89	0.67	0.75	0.63	-0.13	-0.02	-0.19	0.72	0.62
Inventory	0.48	-0.14	0.36	0.46	0.72	-0.06	-0.6	0.2	0.79	0.55	0.2	0.57	0.64	0.67		0.23	0.52	0.53	0.47	0.42	0.39	-0.39	-0.65	-0.72	0.8	0.56
Other Current Assets	0.4	-0.17	0.1	0.44	0.37	-0.31	0.04	0.28	0.32	0.18	0.28	0.46	0.0	0.36	0.23		0.06	0.28	0.05	0.4	0.44	-0.01	-0.13	-0.13	0.14	0.05
Other Stockholder Equity	0.89	0.7	0.74	0.87	0.76	-0.76	-0.95	0.87	0.53	0.08	0.87	-0.14	0.97	0.66	0.52	0.06		0.68	0.96	0.89	0.14	-0.52	-0.12	-0.32	0.69	0.99
Total Liab	0.79	0.58	0.93	0.74	0.85	-0.71	-0.74	0.71	0.7	0.52	0.71	0.02	0.6	0.89	0.53	0.28	0.68		0.76	0.78	0.43	-0.11	0.1	-0.08	0.77	0.61
Property Plant And Equipment Gross	0.89	0.74	0.81	0.86	0.81	-0.79	-0.93	0.87	0.59	0.06	0.87	-0.2	0.91	0.67	0.47	0.05	0.96	0.76		0.89	0.13	-0.49	-0.04	-0.24	0.67	0.92
Total Current Assets	1.0	0.7	0.75	0.99	0.85	-0.91	-0.78	0.97	0.59	0.19	0.97	-0.06	0.79	0.75	0.42	0.4	0.89	0.78	0.89		0.24	-0.32	0.1	-0.07	0.58	0.85
Accounts Payable	0.24	-0.08	0.42	0.19	0.29	-0.08	-0.16	0.11	0.17	0.39	0.11	0.43	0.16	0.63	0.39	0.44	0.14	0.43	0.13	0.24		0.22	-0.04	-0.18	0.29	0.15
Short Long Term Debt Total	-0.33	-0.17	-0.15	-0.34	-0.33	0.15	0.52	-0.27	-0.25	0.16	-0.27	-0.08	-0.58	-0.13	-0.39	-0.01	-0.52	-0.11	-0.49	-0.32	0.22		0.54	0.55	-0.32	-0.55
Short Term Debt	0.05	0.56	0.19	0.03	-0.12	-0.38	0.23	0.27	-0.33	0.05	0.27	-0.52	-0.32	-0.02	-0.65	-0.13	-0.12	0.1	-0.04	0.1	-0.04	0.54		0.95	-0.45	-0.22
Intangible Assets	-0.11	0.37	-0.03	-0.12	-0.25	-0.2	0.44	0.09	-0.35	-0.02	0.09	-0.4	-0.51	-0.19	-0.72	-0.13	-0.32	-0.08	-0.24	-0.07	-0.18	0.55	0.95		-0.6	-0.42
Common Stock Total Equity	0.61	0.22	0.7	0.57	0.72	-0.38	-0.81	0.45	0.72	0.39	0.45	0.17	0.74	0.72	0.8	0.14	0.69	0.77	0.67	0.58	0.29	-0.32	-0.45	-0.6		0.7
Common Stock	0.85	0.61	0.68	0.83	0.71	-0.69	-0.94	0.81	0.5	0.06	0.81	-0.09	0.99	0.62	0.56	0.05	0.99	0.61	0.92	0.85	0.15	-0.55	-0.22	-0.42	0.7

Click cells to compare fundamentals

Biomerica Account Relationship Matchups

Biomerica fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.3M	11.8M	11.4M	14.5M	16.6M	17.5M
Other Current Liab	278.6K	540.7K	883.3K	1.2M	1.1M	1.2M
Total Current Liabilities	1.5M	1.3M	2.0M	1.9M	1.8M	1.3M
Total Stockholder Equity	14.2M	9.2M	8.3M	11.7M	13.5M	14.2M
Property Plant And Equipment Net	2.0M	1.9M	1.5M	1.2M	1.4M	1.5M
Net Debt	(6.9M)	(2.6M)	(4.5M)	(8.6M)	(7.8M)	(7.4M)
Retained Earnings	(21.9M)	(28.4M)	(35.1M)	(42.2M)	(38.0M)	(36.1M)
Cash	8.6M	4.2M	5.9M	9.7M	11.2M	11.7M
Non Current Assets Total	2.5M	2.6M	1.9M	1.7M	1.9M	1.3M
Non Currrent Assets Other	168.2K	264.2K	95.6K	79K	71.1K	67.5K
Cash And Short Term Investments	8.6M	4.2M	5.9M	9.7M	11.2M	11.7M
Net Receivables	1.8M	1.5M	773.8K	722K	649.8K	955.2K
Common Stock Shares Outstanding	10.2M	11.9M	12.7M	14.2M	16.3M	17.1M
Liabilities And Stockholders Equity	17.3M	11.8M	11.4M	14.5M	16.6M	17.5M
Non Current Liabilities Total	1.6M	1.3M	1.0M	785K	902.8K	857.6K
Inventory	2.9M	3.2M	2.4M	2.1M	2.4M	2.2M
Other Current Assets	1.5M	255.0	447.0	300K	270K	273.8K
Other Stockholder Equity	35.2M	36.7M	42.4M	52.7M	60.6M	63.6M
Total Liab	3.0M	2.6M	3.0M	2.7M	2.5M	1.4M
Property Plant And Equipment Gross	2.0M	1.9M	3.5M	3.2M	3.7M	3.9M
Total Current Assets	14.8M	9.2M	9.4M	12.8M	14.7M	15.5M
Accumulated Other Comprehensive Income	(39.8K)	(48.0K)	(73.9K)	(110K)	(126.5K)	(132.8K)
Accounts Payable	986.7K	431.6K	736K	344K	309.6K	575.0K
Intangible Assets	168.7K	294.8K	170K	165K	148.5K	276.5K
Common Stock Total Equity	711.0K	774.2K	939.2K	984.6K	1.1M	622.7K
Common Stock	939.2K	984.6K	1.0M	1.3M	1.5M	1.6M
Other Assets	168.2K	264.2K	363.0	79K	90.9K	86.3K
Property Plant Equipment	2.0M	1.9M	1.5M	1.2M	1.4M	1.5M
Net Tangible Assets	14.0M	8.9M	8.2M	11.6M	13.3M	7.8M
Net Invested Capital	14.2M	9.2M	8.3M	11.7M	13.5M	8.8M
Net Working Capital	13.3M	7.9M	7.4M	10.9M	12.5M	7.9M
Capital Stock	964.9K	984.6K	1.0M	1.3M	1.5M	1.1M

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 Biomerica 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, Biomerica's short interest history, or implied volatility extrapolated from Biomerica options trading.

Pair Trading with Biomerica

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 Biomerica 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 Biomerica will appreciate offsetting losses from the drop in the long position's value.

Moving together with Biomerica Stock

0.66	CVS	CVS Health Corp	Pair Corr
0.85	NRC	National Research Corp	Pair Corr
0.73	MASS	908 Devices Financial Report 14th of May 2024	Pair Corr

Moving against Biomerica Stock

0.8	AZN	AstraZeneca PLC ADR	Pair Corr
0.68	ELDN	Eledon Pharmaceuticals	Pair Corr
0.41	FBRX	Forte Biosciences Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Biomerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biomerica 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 Biomerica - 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 Biomerica to buy it.

The correlation of Biomerica 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 Biomerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biomerica 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 Biomerica 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

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Tools for Biomerica Stock

When running Biomerica's price analysis, check to measure Biomerica'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 Biomerica is operating at the current time. Most of Biomerica's value examination focuses on studying past and present price action to predict the probability of Biomerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biomerica's price. Additionally, you may evaluate how the addition of Biomerica to your portfolios can decrease your overall portfolio volatility.

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Biomerica Weighted Average Shares vs Invested Capital Analysis

About Biomerica Balance Sheet Analysis

Biomerica Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Biomerica fundamental ratios Correlations

Biomerica Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Biomerica fundamental ratios Accounts

Pair Trading with Biomerica

Moving together with Biomerica Stock

Moving against Biomerica Stock

Other Tools for Biomerica Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Other Stockholder Equity

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Other Stockholder Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Property Plant And Equipment Gross	- 0.93	Retained Earnings