Microchip Total Assets vs Total Current Assets Analysis
MCHP Stock | USD 94.24 1.12 1.17% |
Microchip Technology financial indicator trend analysis is infinitely more than just investigating Microchip Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microchip Technology is a good investment. Please check the relationship between Microchip Technology Total Assets and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Microchip Stock, please use our How to Invest in Microchip Technology guide.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microchip Technology Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Microchip Technology's Total Assets and Total Current Assets is 0.3. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Microchip Technology, assuming nothing else is changed. The correlation between historical values of Microchip Technology's Total Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Microchip Technology are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Microchip Technology's Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Microchip Technology 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 Microchip Technology 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 Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Microchip Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microchip Technology 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Microchip Stock, please use our How to Invest in Microchip Technology guide.At this time, Microchip Technology's Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Tax Provision is likely to grow to about 811.4 M, while Enterprise Value Over EBITDA is likely to drop 13.06.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.4B | 5.7B | 5.0B | 5.2B | Total Revenue | 6.8B | 8.4B | 7.6B | 8.0B |
Microchip Technology fundamental ratios Correlations
Click cells to compare fundamentals
Microchip Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Microchip Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.4B | 16.5B | 16.2B | 16.4B | 15.9B | 16.7B | |
Short Long Term Debt Total | 9.5B | 8.9B | 7.7B | 6.4B | 6.0B | 6.3B | |
Other Current Liab | 787.3M | 781.8M | 794.3M | 947.3M | 1.2B | 0.0 | |
Total Current Liabilities | 1.6B | 2.4B | 1.4B | 3.1B | 2.5B | 2.6B | |
Total Stockholder Equity | 5.6B | 5.3B | 5.9B | 6.5B | 6.7B | 7.0B | |
Property Plant And Equipment Net | 876.1M | 854.7M | 967.9M | 1.2B | 1.2B | 651.3M | |
Net Debt | 9.1B | 8.6B | 7.4B | 6.2B | 5.7B | 6.0B | |
Retained Earnings | 3.4B | 3.4B | 4.2B | 5.8B | 6.6B | 7.0B | |
Accounts Payable | 246.8M | 292.4M | 344.7M | 396.9M | 1.5B | 1.6B | |
Cash | 401M | 280M | 317.4M | 234M | 319.7M | 413.5M | |
Non Current Assets Total | 15.2B | 14.3B | 13.7B | 13.3B | 12.9B | 13.5B | |
Non Currrent Assets Other | 14.3B | 13.5B | 265.2M | 457.2M | 11.7B | 12.2B | |
Cash And Short Term Investments | 403M | 282M | 319.4M | 234M | 319.7M | 303.7M | |
Net Receivables | 934M | 997.7M | 1.1B | 1.3B | 1.1B | 1.2B | |
Common Stock Shares Outstanding | 512.4M | 541.2M | 565.9M | 557.3M | 548M | 469.3M | |
Liabilities And Stockholders Equity | 17.4B | 16.5B | 16.2B | 16.4B | 15.9B | 16.7B | |
Non Current Liabilities Total | 10.2B | 8.7B | 8.9B | 6.7B | 6.7B | 7.0B | |
Inventory | 685.7M | 665M | 854.4M | 1.3B | 1.3B | 1.4B | |
Other Current Assets | 194.5M | 200.5M | 206.2M | 205.1M | 233.6M | 232.5M | |
Other Stockholder Equity | 2.2B | 2.0B | 1.7B | 753.1M | 866.1M | 781.8M | |
Total Liab | 11.8B | 11.1B | 10.3B | 9.9B | 9.2B | 9.7B | |
Total Current Assets | 2.2B | 2.1B | 2.5B | 3.1B | 3.0B | 1.6B | |
Short Term Debt | 608.8M | 1.3B | 33.8M | 1.4B | 999.4M | 536.6M | |
Property Plant And Equipment Gross | 995.6M | 1.0B | 3.6B | 1.2B | 1.4B | 824.9M | |
Accumulated Other Comprehensive Income | (21.6M) | (26.2M) | (20.6M) | (4.1M) | (4.7M) | (5.0M) | |
Other Liab | 1.2B | 1.2B | 1.2B | 1.6B | 1.8B | 1.9B | |
Other Assets | 1.8B | 13.5B | 12.8B | 1.9B | 2.2B | 1.5B | |
Treasury Stock | (500.6M) | (433.8M) | (796.3M) | (1.7B) | (1.5B) | (1.4B) | |
Property Plant Equipment | 876.1M | 854.7M | 967.9M | 1.2B | 1.4B | 757.0M | |
Good Will | 6.7B | 6.7B | 6.7B | 6.7B | 7.7B | 8.1B | |
Short Term Investments | 1.3B | 2.3M | 2M | 0.0 | 639.4M | 429.7M | |
Intangible Assets | 5.7B | 4.8B | 4.0B | 3.4B | 3.9B | 4.1B | |
Long Term Debt | 8.9B | 7.6B | 7.7B | 5.0B | 5.8B | 3.6B | |
Net Tangible Assets | (6.8B) | (6.1B) | 5.9B | (160M) | (144M) | (151.2M) | |
Retained Earnings Total Equity | 3.4B | 3.4B | 4.2B | 5.8B | 6.6B | 7.0B | |
Long Term Debt Total | 8.9B | 7.6B | 7.7B | 5.0B | 5.8B | 3.9B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Microchip Stock, please use our How to Invest in Microchip Technology guide.Note that the Microchip Technology information on this page should be used as a complementary analysis to other Microchip Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Microchip 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 Microchip Technology. If investors know Microchip 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 Microchip Technology 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 (0.74) | Dividend Share 1.682 | Earnings Share 3.48 | Revenue Per Share 14.086 | Quarterly Revenue Growth (0.41) |
The market value of Microchip Technology is measured differently than its book value, which is the value of Microchip that is recorded on the company's balance sheet. Investors also form their own opinion of Microchip Technology's value that differs from its market value or its book value, called intrinsic value, which is Microchip 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 Microchip Technology's market value can be influenced by many factors that don't directly affect Microchip 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 Microchip Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Microchip Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Microchip 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.