Himax Capital Surpluse 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 Surpluse 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 Surpluse vs Net Working Capital
Capital Surpluse 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 Surpluse 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 Surpluse and Net Working Capital is -0.3. Overlapping area represents the amount of variation of Capital Surpluse 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 Surpluse 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 Surpluse 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 Surpluse i.e., Himax Technologies' Capital Surpluse and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Surpluse
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 |
Himax Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Himax Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Try AI Portfolio ArchitectCheck 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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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.