Mitek Current Ratio vs Operating Income Analysis
MITK Stock | USD 12.94 0.26 2.05% |
Mitek Systems financial indicator trend analysis is infinitely more than just investigating Mitek Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mitek Systems is a good investment. Please check the relationship between Mitek Systems Current Ratio and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
Current Ratio vs Operating Income
Current Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Current Ratio account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mitek Systems' Current Ratio and Operating Income is -0.18. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Mitek Systems, assuming nothing else is changed. The correlation between historical values of Mitek Systems' Current Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Mitek Systems are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Current Ratio i.e., Mitek Systems' Current Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Operating Income
Operating Income is the amount of profit realized from Mitek Systems operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Mitek Systems is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mitek Systems 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 Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 2.8 M this year, although Enterprise Value Multiple will most likely fall to 12.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 124.8M | 123.9M | 142.5M | 149.7M | Total Revenue | 144.8M | 143.9M | 165.5M | 173.8M |
Mitek Systems fundamental ratios Correlations
Click cells to compare fundamentals
Mitek Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mitek Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 135.9M | 169.2M | 419.3M | 360.4M | 414.5M | 435.2M | |
Other Current Liab | 2.9M | 10.7M | 23.6M | 20.0M | 23.0M | 24.2M | |
Total Current Liabilities | 20.0M | 24.4M | 38.5M | 40.5M | 46.6M | 48.9M | |
Total Stockholder Equity | 107.3M | 132.2M | 193.3M | 170.3M | 195.9M | 205.7M | |
Property Plant And Equipment Net | 4.2M | 9.0M | 10.7M | 8.6M | 9.9M | 10.4M | |
Net Debt | (16.1M) | (12.8M) | 99.1M | 102.1M | 117.4M | 123.3M | |
Retained Earnings | (20.8M) | (14.0M) | (5.6M) | (18.0M) | (16.2M) | (17.0M) | |
Non Current Assets Total | 81.8M | 85.0M | 215.2M | 231.3M | 266.0M | 279.3M | |
Net Receivables | 17.3M | 20.8M | 20.7M | 34.1M | 39.3M | 41.2M | |
Common Stock Shares Outstanding | 42.5M | 45.1M | 44.7M | 45.8M | 52.6M | 55.3M | |
Liabilities And Stockholders Equity | 135.9M | 169.2M | 419.3M | 360.4M | 414.5M | 435.2M | |
Non Current Liabilities Total | 8.5M | 12.6M | 187.6M | 149.6M | 172.0M | 180.6M | |
Other Current Assets | 2.1M | 2.0M | 2.1M | 2.6M | 3.0M | 3.2M | |
Other Stockholder Equity | 132.2M | 146.5M | 199.8M | 216.5M | 249.0M | 261.4M | |
Total Liab | 28.6M | 36.9M | 226.0M | 190.1M | 218.6M | 229.5M | |
Property Plant And Equipment Gross | 9.0M | 10.7M | 8.6M | 14.7M | 17.0M | 17.8M | |
Total Current Assets | 54.1M | 84.1M | 204.1M | 129.1M | 148.5M | 155.9M | |
Accumulated Other Comprehensive Income | (4.1M) | (323K) | (943K) | (28.2M) | (25.4M) | (24.1M) | |
Short Term Debt | 7.9M | 1.8M | 1.9M | 2.1M | 2.4M | 2.7M | |
Accounts Payable | 3.6M | 3.9M | 2.5M | 5.0M | 5.7M | 6.0M | |
Cash | 16.7M | 20.0M | 30.3M | 32.1M | 36.9M | 38.7M | |
Non Currrent Assets Other | 2.3M | 5.6M | 54.5M | 5.8M | 6.7M | 7.1M | |
Cash And Short Term Investments | 33.3M | 60.0M | 179.4M | 90.3M | 103.9M | 109.1M | |
Other Liab | 10.8M | 8.1M | 6.6M | 60.1M | 69.1M | 72.5M | |
Other Assets | 17.5M | 18.9M | 19.1M | 65.0M | 74.8M | 78.5M | |
Common Stock Total Equity | 38K | 40K | 42K | 44K | 50.6K | 26.4K | |
Common Stock | 38K | 40K | 42K | 44K | 50.6K | 28.2K | |
Property Plant Equipment | 4.7M | 4.2M | 9.0M | 10.7M | 12.3M | 13.0M | |
Current Deferred Revenue | 5.6M | 8.0M | 10.4M | 13.4M | 15.4M | 16.2M | |
Intangible Assets | 24.4M | 19.3M | 28.7M | 75.8M | 87.1M | 91.5M | |
Net Tangible Assets | 28.0M | 50.3M | 77.3M | 101.8M | 117.1M | 123.0M | |
Good Will | 32.6M | 35.7M | 62.7M | 120.2M | 138.2M | 145.1M | |
Short Term Investments | 16.5M | 40.0M | 149.1M | 58.3M | 67.0M | 37.9M | |
Non Current Liabilities Other | 982K | 6.8M | 1.6M | 2.9M | 3.3M | 2.1M |
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 Mitek Systems 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, Mitek Systems' short interest history, or implied volatility extrapolated from Mitek Systems options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Mitek Systems' price analysis, check to measure Mitek Systems' 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 Mitek Systems is operating at the current time. Most of Mitek Systems' value examination focuses on studying past and present price action to predict the probability of Mitek Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitek Systems' price. Additionally, you may evaluate how the addition of Mitek Systems to your portfolios can decrease your overall portfolio volatility.
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Is Mitek Systems' 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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 10.323 | Earnings Share (0.06) | Revenue Per Share 3.57 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0067 |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.