Mind Net Receivables vs Net Working Capital Analysis

MIND Stock

USD 4.15 0.05 1.22%

Mind Technology financial indicator trend analysis is infinitely more than just investigating Mind Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mind Technology is a good investment. Please check the relationship between Mind Technology Net Receivables and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind 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 board of governors.

For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mind Technology Net Receivables account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Mind Technology's Net Receivables and Net Working Capital is 0.58. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Mind Technology, assuming nothing else is changed. The correlation between historical values of Mind Technology's Net Receivables 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 Net Receivables of Mind Technology 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 Net Receivables i.e., Mind Technology's Net Receivables and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

Net Working Capital

Most indicators from Mind Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mind 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 Mind 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 board of governors.

For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.As of April 27, 2024, Selling General Administrative is expected to decline to about 15.4 M. In addition to that, Tax Provision is expected to decline to about 597.6 K

	2021	2022	2023	2024 (projected)
Total Operating Expenses	20.6M	20.6M	23.7M	20.6M
Cost Of Revenue	17.1M	22.1M	25.4M	29.6M

Total Operating Expenses Cost Of Revenue

Mind Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	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 Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Assets	Property Plant And Equipment Gross	Other Assets	Common Stock Total Equity	Short Term Investments
Total Assets		0.79	0.14	0.6	0.99	0.99	0.32	0.86	0.72	0.78	1.0	-0.54	0.78	0.97	0.25	0.83	-0.33	0.31	0.82	0.94	0.03	0.78	0.99	0.06	-0.09	-0.34
Short Long Term Debt Total	0.79		0.17	0.44	0.75	0.78	0.79	0.72	0.45	0.36	0.81	-0.45	0.36	0.77	0.13	0.97	-0.14	0.16	0.87	0.69	0.13	0.74	0.78	-0.04	-0.09	-0.23
Other Current Liab	0.14	0.17		0.73	0.08	0.13	0.22	-0.12	0.33	-0.01	0.11	-0.46	-0.01	0.27	0.33	0.23	0.27	0.36	0.46	0.24	-0.03	0.31	0.13	-0.21	0.36	-0.37
Total Current Liabilities	0.6	0.44	0.73		0.54	0.58	0.19	0.29	0.76	0.44	0.56	-0.67	0.44	0.7	0.4	0.53	0.13	0.46	0.79	0.71	0.09	0.6	0.58	0.03	0.19	-0.52
Total Stockholder Equity	0.99	0.75	0.08	0.54		0.99	0.26	0.87	0.69	0.8	0.99	-0.52	0.8	0.95	0.24	0.78	-0.36	0.3	0.76	0.93	0.03	0.74	0.99	0.1	-0.11	-0.32
Property Plant And Equipment Net	0.99	0.78	0.13	0.58	0.99		0.32	0.88	0.75	0.76	1.0	-0.49	0.76	0.96	0.18	0.83	-0.39	0.23	0.81	0.91	-0.05	0.75	1.0	0.01	-0.15	-0.25
Net Debt	0.32	0.79	0.22	0.19	0.26	0.32		0.33	0.05	-0.28	0.36	-0.3	-0.28	0.3	0.01	0.69	0.16	-0.02	0.58	0.2	0.14	0.47	0.32	-0.13	-0.02	-0.06
Retained Earnings	0.86	0.72	-0.12	0.29	0.87	0.88	0.33		0.49	0.64	0.89	-0.09	0.65	0.83	-0.24	0.73	-0.68	-0.18	0.62	0.67	0.08	0.55	0.88	0.16	-0.51	0.16
Accounts Payable	0.72	0.45	0.33	0.76	0.69	0.75	0.05	0.49		0.69	0.7	-0.48	0.69	0.75	0.25	0.61	-0.19	0.28	0.76	0.76	-0.39	0.58	0.75	-0.26	0.01	-0.27
Cash	0.78	0.36	-0.01	0.44	0.8	0.76	-0.28	0.64	0.69		0.75	-0.27	1.0	0.78	0.19	0.48	-0.47	0.28	0.49	0.8	-0.1	0.46	0.76	0.08	-0.1	-0.26
Non Current Assets Total	1.0	0.81	0.11	0.56	0.99	1.0	0.36	0.89	0.7	0.75		-0.49	0.75	0.96	0.18	0.84	-0.37	0.24	0.81	0.91	0.02	0.76	1.0	0.06	-0.15	-0.27
Non Currrent Assets Other	-0.54	-0.45	-0.46	-0.67	-0.52	-0.49	-0.3	-0.09	-0.48	-0.27	-0.49		-0.27	-0.53	-0.81	-0.43	-0.53	-0.82	-0.59	-0.7	-0.14	-0.6	-0.48	-0.01	-0.57	0.86
Cash And Short Term Investments	0.78	0.36	-0.01	0.44	0.8	0.76	-0.28	0.65	0.69	1.0	0.75	-0.27		0.78	0.19	0.48	-0.48	0.28	0.49	0.8	-0.1	0.46	0.76	0.09	-0.11	-0.26
Net Receivables	0.97	0.77	0.27	0.7	0.95	0.96	0.3	0.83	0.75	0.78	0.96	-0.53	0.78		0.2	0.83	-0.35	0.28	0.86	0.93	0.07	0.8	0.96	0.08	-0.13	-0.31
Common Stock Shares Outstanding	0.25	0.13	0.33	0.4	0.24	0.18	0.01	-0.24	0.25	0.19	0.18	-0.81	0.19	0.2		0.12	0.68	0.98	0.23	0.44	0.05	0.32	0.18	-0.03	0.9	-0.91
Non Current Liabilities Total	0.83	0.97	0.23	0.53	0.78	0.83	0.69	0.73	0.61	0.48	0.84	-0.43	0.48	0.83	0.12		-0.21	0.16	0.93	0.75	-0.06	0.78	0.83	-0.19	-0.1	-0.22
Inventory	-0.33	-0.14	0.27	0.13	-0.36	-0.39	0.16	-0.68	-0.19	-0.47	-0.37	-0.53	-0.48	-0.35	0.68	-0.21		0.61	-0.05	-0.1	0.14	-0.03	-0.39	-0.08	0.72	-0.67
Other Stockholder Equity	0.31	0.16	0.36	0.46	0.3	0.23	-0.02	-0.18	0.28	0.28	0.24	-0.82	0.28	0.28	0.98	0.16	0.61		0.28	0.5	0.14	0.34	0.23	0.05	0.86	-0.94
Total Liab	0.82	0.87	0.46	0.79	0.76	0.81	0.58	0.62	0.76	0.49	0.81	-0.59	0.49	0.86	0.23	0.93	-0.05	0.28		0.83	-0.02	0.81	0.81	-0.15	-0.02	-0.37
Total Current Assets	0.94	0.69	0.24	0.71	0.93	0.91	0.2	0.67	0.76	0.8	0.91	-0.7	0.8	0.93	0.44	0.75	-0.1	0.5	0.83		0.02	0.81	0.91	0.03	0.07	-0.56
Short Term Debt	0.03	0.13	-0.03	0.09	0.03	-0.05	0.14	0.08	-0.39	-0.1	0.02	-0.14	-0.1	0.07	0.05	-0.06	0.14	0.14	-0.02	0.02		0.0	-0.05	0.85	-0.01	-0.23
Other Current Assets	0.78	0.74	0.31	0.6	0.74	0.75	0.47	0.55	0.58	0.46	0.76	-0.6	0.46	0.8	0.32	0.78	-0.03	0.34	0.81	0.81	0.0		0.75	-0.06	0.07	-0.4
Property Plant And Equipment Gross	0.99	0.78	0.13	0.58	0.99	1.0	0.32	0.88	0.75	0.76	1.0	-0.48	0.76	0.96	0.18	0.83	-0.39	0.23	0.81	0.91	-0.05	0.75		0.01	-0.15	-0.24
Other Assets	0.06	-0.04	-0.21	0.03	0.1	0.01	-0.13	0.16	-0.26	0.08	0.06	-0.01	0.09	0.08	-0.03	-0.19	-0.08	0.05	-0.15	0.03	0.85	-0.06	0.01		-0.12	-0.08
Common Stock Total Equity	-0.09	-0.09	0.36	0.19	-0.11	-0.15	-0.02	-0.51	0.01	-0.1	-0.15	-0.57	-0.11	-0.13	0.9	-0.1	0.72	0.86	-0.02	0.07	-0.01	0.07	-0.15	-0.12		-0.72
Short Term Investments	-0.34	-0.23	-0.37	-0.52	-0.32	-0.25	-0.06	0.16	-0.27	-0.26	-0.27	0.86	-0.26	-0.31	-0.91	-0.22	-0.67	-0.94	-0.37	-0.56	-0.23	-0.4	-0.24	-0.08	-0.72

Click cells to compare fundamentals

Mind Technology Account Relationship Matchups

Mind Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.2M	39.8M	42.0M	32.9M	37.8M	35.9M
Other Current Liab	3.7M	4.9M	7.6M	3.5M	4.0M	3.6M
Total Current Liabilities	8.4M	7.8M	10.7M	8.7M	10.0M	11.9M
Total Stockholder Equity	47.7M	30.4M	30.3M	23.1M	26.5M	25.2M
Property Plant And Equipment Net	16.1M	6.2M	6.1M	5.7M	6.5M	6.2M
Net Debt	(790K)	(2.3M)	(3.3M)	971K	1.1M	1.2M
Retained Earnings	(77.3M)	(99.9M)	(117.9M)	(127.6M)	(114.9M)	(109.1M)
Accounts Payable	2.7M	1.7M	2.0M	4.1M	3.7M	4.4M
Cash	3.1M	4.6M	5.1M	778K	894.7K	850.0K
Non Current Assets Total	27.6M	13.0M	12.8M	10.6M	12.2M	11.6M
Non Currrent Assets Other	870K	832K	1.5M	650K	585K	555.8K
Cash And Short Term Investments	3.1M	4.6M	5.1M	778K	700.2K	665.2K
Net Receivables	11.9M	4.7M	8.1M	4.0M	4.6M	4.4M
Common Stock Shares Outstanding	1.2M	1.3M	1.4M	1.4M	1.6M	1.1M
Liabilities And Stockholders Equity	58.2M	39.8M	42.0M	32.9M	37.8M	35.9M
Non Current Liabilities Total	2.1M	1.5M	1.1M	1.1M	1.3M	1.2M
Inventory	13.3M	11.5M	14.0M	15.3M	17.6M	18.5M
Other Stockholder Equity	107.1M	111.4M	112.1M	112.7M	129.6M	84.5M
Total Liab	10.6M	9.3M	11.8M	9.8M	11.3M	18.8M
Total Current Assets	30.6M	26.8M	29.2M	22.2M	25.6M	34.4M
Short Term Debt	1.3M	1.0M	869K	903K	1.0M	986.5K
Other Current Assets	2.2M	1.7M	1.8M	2.1M	1.9M	2.4M
Property Plant And Equipment Gross	16.1M	6.2M	6.1M	5.7M	6.5M	6.2M
Accumulated Other Comprehensive Income	(4.4M)	(4.4M)	(1.9M)	34K	39.1K	41.1K
Other Assets	30.1M	15.9M	3.1M	650K	747.5K	710.1K
Property Plant Equipment	13.8M	4.8M	6.1M	5.7M	5.1M	4.9M
Current Deferred Revenue	765K	208K	232K	164K	147.6K	140.2K
Intangible Assets	8.2M	6.8M	6.0M	4.9M	5.7M	6.5M
Other Liab	1.2M	198K	92K	298K	268.2K	254.8K
Retained Earnings Total Equity	(42.4M)	(64.0M)	(77.3M)	(99.9M)	(89.9M)	(85.4M)
Preferred Stock Total Equity	11.5M	18.3M	22.1M	23.1M	26.6M	27.9M
Net Tangible Assets	14.9M	562K	(13.5M)	(19.7M)	(17.7M)	(16.8M)

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.

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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:

How To Invest In Mind

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Is Mind Stock a good investment?

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What is Mind Technology's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind 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 board of governors.

For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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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.

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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.

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Mind Net Receivables vs Net Working Capital Analysis

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Receivables

Net Working Capital

Mind Technology fundamental ratios Correlations

Mind Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mind Technology fundamental ratios Accounts

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

Complementary Tools for Mind Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Investments	- 0.94	Other Stockholder Equity
Short Term Investments	- 0.91	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.82	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.81	Non Currrent Assets Other
Short Term Investments	- 0.72	Common Stock Total Equity
Total Current Assets	- 0.7	Non Currrent Assets Other