Himax Capital Stock vs Net Working Capital Analysis

HIMX Stock

USD 5.04 0.08 1.61%

Himax Technologies financial indicator trend analysis is much more than just examining Himax Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himax Technologies is a good investment. Please check the relationship between Himax Technologies Capital Stock and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.

Capital Stock vs Net Working Capital

Capital Stock vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himax Technologies Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Himax Technologies' Capital Stock and Net Working Capital is -0.3. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Himax Technologies, assuming nothing else is changed. The correlation between historical values of Himax Technologies' Capital Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Himax Technologies are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Himax Technologies' Capital Stock and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Net Working Capital

Most indicators from Himax Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himax Technologies 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.Selling General Administrative is likely to drop to about 20.2 M in 2024. Tax Provision is likely to drop to about 82.7 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	748.6M	487.1M	248.5M	207.6M
Total Revenue	1.5B	1.2B	947.5M	800.0M

Gross Profit Total Revenue

Himax Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Other Assets	Long Term Debt
Total Assets		0.94	0.99	0.88	-0.2	0.45	0.82	0.95	0.9	0.83	0.75	0.6	-0.47	0.84	0.75	0.03	0.61	1.0	0.87	0.45	0.89	0.67	0.71	0.99	0.53	0.15
Other Current Liab	0.94		0.91	0.85	-0.15	0.39	0.72	0.93	0.92	0.74	0.73	0.37	-0.32	0.94	0.69	-0.11	0.43	0.95	0.83	0.25	0.8	0.66	0.76	0.97	0.71	-0.05
Total Current Liabilities	0.99	0.91		0.84	-0.15	0.38	0.84	0.95	0.88	0.84	0.68	0.6	-0.51	0.78	0.74	0.02	0.6	0.99	0.83	0.44	0.93	0.67	0.65	0.96	0.45	0.14
Total Stockholder Equity	0.88	0.85	0.84		-0.07	0.56	0.56	0.78	0.71	0.58	0.85	0.66	-0.04	0.79	0.85	0.12	0.74	0.86	0.99	0.62	0.66	0.72	0.77	0.86	0.67	0.3
Net Debt	-0.2	-0.15	-0.15	-0.07		-0.28	-0.58	-0.26	-0.38	-0.58	-0.28	-0.09	0.33	-0.17	0.34	-0.08	-0.01	-0.16	0.0	0.05	-0.11	0.16	0.09	-0.24	0.21	0.09
Accounts Payable	0.45	0.39	0.38	0.56	-0.28		0.18	0.33	0.18	0.2	0.89	0.69	-0.13	0.42	0.34	0.22	0.72	0.4	0.55	0.73	0.06	0.45	0.37	0.39	0.48	0.72
Cash	0.82	0.72	0.84	0.56	-0.58	0.18		0.86	0.88	1.0	0.45	0.41	-0.64	0.6	0.33	-0.01	0.34	0.82	0.53	0.17	0.87	0.37	0.34	0.82	0.06	-0.09
Non Current Assets Total	0.95	0.93	0.95	0.78	-0.26	0.33	0.86		0.94	0.87	0.66	0.46	-0.47	0.84	0.58	-0.21	0.46	0.96	0.74	0.29	0.9	0.72	0.62	0.95	0.49	-0.01
Non Currrent Assets Other	0.9	0.92	0.88	0.71	-0.38	0.18	0.88	0.94		0.89	0.55	0.24	-0.44	0.84	0.51	-0.16	0.25	0.9	0.67	0.05	0.86	0.48	0.65	0.94	0.46	-0.26
Cash And Short Term Investments	0.83	0.74	0.84	0.58	-0.58	0.2	1.0	0.87	0.89		0.46	0.41	-0.63	0.61	0.33	-0.01	0.35	0.83	0.54	0.18	0.87	0.39	0.34	0.83	0.08	-0.09
Net Receivables	0.75	0.73	0.68	0.85	-0.28	0.89	0.45	0.66	0.55	0.46		0.69	-0.15	0.74	0.6	0.12	0.75	0.71	0.82	0.68	0.39	0.64	0.65	0.73	0.68	0.5
Common Stock Total Equity	0.6	0.37	0.6	0.66	-0.09	0.69	0.41	0.46	0.24	0.41	0.69		-0.31	0.25	0.56	0.39	0.98	0.55	0.65	0.96	0.45	0.54	0.21	0.48	0.12	0.84
Common Stock Shares Outstanding	-0.47	-0.32	-0.51	-0.04	0.33	-0.13	-0.64	-0.47	-0.44	-0.63	-0.15	-0.31		-0.19	-0.04	-0.07	-0.16	-0.47	-0.02	-0.1	-0.57	-0.03	-0.01	-0.44	0.19	-0.11
Non Current Liabilities Total	0.84	0.94	0.78	0.79	-0.17	0.42	0.6	0.84	0.84	0.61	0.74	0.25	-0.19		0.6	-0.2	0.33	0.85	0.77	0.17	0.64	0.64	0.8	0.88	0.75	-0.1
Inventory	0.75	0.69	0.74	0.85	0.34	0.34	0.33	0.58	0.51	0.33	0.6	0.56	-0.04	0.6		0.24	0.65	0.74	0.89	0.55	0.61	0.54	0.8	0.72	0.61	0.28
Other Current Assets	0.03	-0.11	0.02	0.12	-0.08	0.22	-0.01	-0.21	-0.16	-0.01	0.12	0.39	-0.07	-0.2	0.24		0.38	-0.02	0.17	0.42	-0.05	-0.36	-0.05	0.0	-0.16	0.44
Other Stockholder Equity	0.61	0.43	0.6	0.74	-0.01	0.72	0.34	0.46	0.25	0.35	0.75	0.98	-0.16	0.33	0.65	0.38		0.57	0.74	0.98	0.42	0.61	0.32	0.5	0.27	0.83
Total Liab	1.0	0.95	0.99	0.86	-0.16	0.4	0.82	0.96	0.9	0.83	0.71	0.55	-0.47	0.85	0.74	-0.02	0.57		0.85	0.4	0.91	0.69	0.7	0.98	0.53	0.1
Total Current Assets	0.87	0.83	0.83	0.99	0.0	0.55	0.53	0.74	0.67	0.54	0.82	0.65	-0.02	0.77	0.89	0.17	0.74	0.85		0.62	0.65	0.7	0.77	0.84	0.66	0.3
Common Stock	0.45	0.25	0.44	0.62	0.05	0.73	0.17	0.29	0.05	0.18	0.68	0.96	-0.1	0.17	0.55	0.42	0.98	0.4	0.62		0.24	0.52	0.2	0.33	0.19	0.92
Short Long Term Debt Total	0.89	0.8	0.93	0.66	-0.11	0.06	0.87	0.9	0.86	0.87	0.39	0.45	-0.57	0.64	0.61	-0.05	0.42	0.91	0.65	0.24		0.56	0.47	0.87	0.2	-0.06
Property Plant And Equipment Net	0.67	0.66	0.67	0.72	0.16	0.45	0.37	0.72	0.48	0.39	0.64	0.54	-0.03	0.64	0.54	-0.36	0.61	0.69	0.7	0.52	0.56		0.45	0.6	0.54	0.3
Current Deferred Revenue	0.71	0.76	0.65	0.77	0.09	0.37	0.34	0.62	0.65	0.34	0.65	0.21	-0.01	0.8	0.8	-0.05	0.32	0.7	0.77	0.2	0.47	0.45		0.76	0.8	-0.06
Retained Earnings	0.99	0.97	0.96	0.86	-0.24	0.39	0.82	0.95	0.94	0.83	0.73	0.48	-0.44	0.88	0.72	0.0	0.5	0.98	0.84	0.33	0.87	0.6	0.76		0.57	0.02
Other Assets	0.53	0.71	0.45	0.67	0.21	0.48	0.06	0.49	0.46	0.08	0.68	0.12	0.19	0.75	0.61	-0.16	0.27	0.53	0.66	0.19	0.2	0.54	0.8	0.57		0.03
Long Term Debt	0.15	-0.05	0.14	0.3	0.09	0.72	-0.09	-0.01	-0.26	-0.09	0.5	0.84	-0.11	-0.1	0.28	0.44	0.83	0.1	0.3	0.92	-0.06	0.3	-0.06	0.02	0.03

Click cells to compare fundamentals

Himax Technologies Account Relationship Matchups

Himax Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	818.5M	909.8M	1.6B	1.7B	1.6B	1.7B
Other Current Liab	40.1M	62.1M	157.7M	147.5M	120.1M	126.1M
Total Current Liabilities	380.9M	352.2M	601.2M	694.0M	708.7M	744.2M
Total Stockholder Equity	433.0M	480.2M	869.7M	892.6M	856.7M	476.5M
Net Debt	120.3M	(22.4M)	(132.1M)	194.2M	(139.9M)	(132.9M)
Accounts Payable	114.3M	173.5M	248.4M	122.0M	107.3M	131.1M
Cash	101.1M	184.9M	336.0M	221.6M	644.7M	676.9M
Non Current Assets Total	213.8M	215.4M	410.4M	365.0M	442.8M	464.9M
Non Currrent Assets Other	5.6M	12.9M	217.8M	175.6M	242.7M	254.9M
Cash And Short Term Investments	112.1M	201.4M	364.4M	229.9M	659.3M	692.3M
Net Receivables	166.2M	244.9M	411.5M	262.4M	237.3M	217.9M
Common Stock Shares Outstanding	172.6M	173.4M	174.9M	174.8M	174.8M	142.2M
Liabilities And Stockholders Equity	818.5M	909.8M	1.6B	1.7B	1.6B	1.7B
Non Current Liabilities Total	6.3M	72.4M	130.0M	113.9M	70.9M	74.4M
Inventory	143.8M	108.7M	198.6M	370.9M	217.3M	146.2M
Other Current Assets	18.6M	35.4M	64.3M	104.3M	86.5M	83.6M
Other Stockholder Equity	96.4M	100.8M	103.1M	106.7M	109.5M	88.8M
Total Liab	387.2M	424.6M	731.2M	807.9M	779.6M	818.6M
Total Current Assets	604.7M	694.4M	1.2B	1.3B	1.2B	654.9M
Short Long Term Debt Total	221.3M	162.5M	203.9M	415.8M	504.8M	530.1M
Property Plant And Equipment Net	138.9M	132.1M	133.2M	126.1M	130.1M	80.5M
Current Deferred Revenue	5.1M	6.6M	37.7M	49.2M	17.7M	14.2M
Retained Earnings	230.5M	272.9M	660.3M	679.1M	640.4M	672.4M
Other Assets	20.6M	29.5M	225.0M	187.4M	1.0	0.95
Short Term Investments	11.0M	16.5M	28.4M	8.3M	14.6M	11.1M
Property Plant And Equipment Gross	138.9M	132.1M	303.9M	312.2M	330.6M	347.1M
Accumulated Other Comprehensive Income	(952K)	(548K)	(666K)	(218K)	(180.0K)	(189.0K)
Short Term Debt	221.3M	110M	157.4M	375.3M	463.6M	486.8M
Intangible Assets	8.8M	7.9M	6.6M	1.1M	816K	775.2K
Property Plant Equipment	138.4M	131.2M	133.2M	126.1M	145.1M	73.1M
Other Liab	3.6M	12.5M	83.5M	73.4M	84.5M	88.7M
Net Tangible Assets	396.1M	444.2M	835.0M	863.3M	992.8M	557.7M
Long Term Investments	18.0M	18.7M	17.4M	22.2M	26.8M	19.4M
Short Long Term Debt	221.3M	110M	157.4M	375.3M	459M	482.0M

Himax Technologies Investors Sentiment

The influence of Himax Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Himax. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Himax Technologies' public news can be used to forecast risks associated with an investment in Himax. The trend in average sentiment can be used to explain how an investor holding Himax can time the market purely based on public headlines and social activities around Himax Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Himax Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Himax Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Himax Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Himax Technologies.

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 Himax Technologies 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, Himax Technologies' short interest history, or implied volatility extrapolated from Himax Technologies options trading.

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When determining whether Himax Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Himax Technologies' 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 Himax Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Himax Technologies Stock:

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Himax Stock analysis

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

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Is Himax Technologies' 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 Himax Technologies. If investors know Himax 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 Himax Technologies 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

(0.49)

Earnings Share

0.28

Revenue Per Share

5.418

Quarterly Revenue Growth

(0.13)

Return On Assets

0.0162

The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' 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 Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' 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 Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Himax Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' 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.

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Himax Capital Stock vs Net Working Capital Analysis

Capital Stock vs Net Working Capital

Capital Stock vs Net Working Capital Correlation Analysis

Correlation Coefficient

Capital Stock

Net Working Capital

Himax Technologies fundamental ratios Correlations

Himax Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Himax Technologies fundamental ratios Accounts

Himax Technologies Investors Sentiment

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

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity

Common Stock Shares Outstanding	- 0.64	Cash
Common Stock Shares Outstanding	- 0.63	Cash And Short Term Investments
Cash And Short Term Investments	- 0.58	Net Debt
Cash	- 0.58	Net Debt
Short Long Term Debt Total	- 0.57	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.51	Total Current Liabilities