Marine Other Current Liab vs Property Plant And Equipment Gross Analysis

MPX Stock  USD 10.18  0.13  1.26%   
Marine Products financial indicator trend analysis is infinitely more than just investigating Marine Products recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marine Products is a good investment. Please check the relationship between Marine Products Other Current Liab and its Property Plant And Equipment Gross accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.

Other Current Liab vs Property Plant And Equipment Gross

Other Current Liab vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marine Products Other Current Liab account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.
The correlation between Marine Products' Other Current Liab and Property Plant And Equipment Gross is 0.69. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Marine Products, assuming nothing else is changed. The correlation between historical values of Marine Products' Other Current Liab and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Marine Products are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Other Current Liab i.e., Marine Products' Other Current Liab and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

Property Plant And Equipment Gross

Most indicators from Marine Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marine Products 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 Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.Sales General And Administrative To Revenue is likely to rise to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 28 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit68.3M93.7M90.4M51.0M
Total Revenue298.0M381.0M383.7M229.5M

Marine Products fundamental ratios Correlations

0.980.790.240.68-0.21-0.530.75-0.40.840.790.810.560.68-0.770.670.740.740.26-0.070.80.52-0.350.430.910.37
0.980.70.290.65-0.26-0.440.62-0.290.710.770.740.610.52-0.750.530.720.740.140.050.730.58-0.250.250.860.33
0.790.70.240.74-0.33-0.650.71-0.660.860.680.810.470.81-0.740.620.710.720.4-0.310.790.1-0.610.660.840.54
0.240.290.240.59-0.560.01-0.03-0.640.080.070.11-0.07-0.09-0.03-0.040.040.13-0.19-0.60.18-0.4-0.71-0.180.530.89
0.680.650.740.59-0.66-0.370.49-0.690.590.550.640.470.56-0.550.470.540.590.08-0.430.560.0-0.690.270.820.76
-0.21-0.26-0.33-0.56-0.660.15-0.170.47-0.06-0.32-0.26-0.240.010.140.01-0.15-0.20.060.35-0.210.150.510.08-0.42-0.62
-0.53-0.44-0.650.01-0.370.15-0.560.44-0.63-0.81-0.88-0.59-0.620.8-0.52-0.81-0.79-0.620.15-0.89-0.220.38-0.45-0.5-0.25
0.750.620.71-0.030.49-0.17-0.56-0.550.90.710.720.30.83-0.490.90.460.430.43-0.350.720.32-0.470.760.750.28
-0.4-0.29-0.66-0.64-0.690.470.44-0.55-0.61-0.34-0.50.0-0.560.26-0.52-0.26-0.29-0.360.9-0.540.410.99-0.54-0.73-0.9
0.840.710.860.080.59-0.06-0.630.9-0.610.690.790.330.94-0.660.880.620.60.52-0.350.80.25-0.540.770.840.39
0.790.770.680.070.55-0.32-0.810.71-0.340.690.940.690.6-0.860.630.860.850.260.030.930.51-0.270.30.690.25
0.810.740.810.110.64-0.26-0.880.72-0.50.790.940.690.75-0.930.670.930.920.45-0.130.970.38-0.430.450.760.37
0.560.610.47-0.070.47-0.24-0.590.30.00.330.690.690.34-0.750.230.760.770.160.330.570.550.050.080.4-0.01
0.680.520.81-0.090.560.01-0.620.83-0.560.940.60.750.34-0.630.890.60.560.55-0.320.70.19-0.480.820.670.28
-0.77-0.75-0.74-0.03-0.550.140.8-0.490.26-0.66-0.86-0.93-0.75-0.63-0.48-1.0-0.99-0.36-0.14-0.89-0.440.2-0.26-0.63-0.22
0.670.530.62-0.040.470.01-0.520.9-0.520.880.630.670.230.89-0.480.450.410.37-0.360.650.29-0.440.710.660.25
0.740.720.710.040.54-0.15-0.810.46-0.260.620.860.930.760.6-1.00.450.990.350.150.890.42-0.20.230.60.22
0.740.740.720.130.59-0.2-0.790.43-0.290.60.850.920.770.56-0.990.410.990.310.110.880.41-0.250.210.640.28
0.260.140.4-0.190.080.06-0.620.43-0.360.520.260.450.160.55-0.360.370.350.31-0.310.450.08-0.310.650.290.08
-0.070.05-0.31-0.6-0.430.350.15-0.350.9-0.350.03-0.130.33-0.32-0.14-0.360.150.11-0.31-0.180.570.92-0.45-0.45-0.79
0.80.730.790.180.56-0.21-0.890.72-0.540.80.930.970.570.7-0.890.650.890.880.45-0.180.29-0.480.430.770.42
0.520.580.1-0.40.00.15-0.220.320.410.250.510.380.550.19-0.440.290.420.410.080.570.290.470.10.2-0.48
-0.35-0.25-0.61-0.71-0.690.510.38-0.470.99-0.54-0.27-0.430.05-0.480.2-0.44-0.2-0.25-0.310.92-0.480.47-0.46-0.7-0.93
0.430.250.66-0.180.270.08-0.450.76-0.540.770.30.450.080.82-0.260.710.230.210.65-0.450.430.1-0.460.490.17
0.910.860.840.530.82-0.42-0.50.75-0.730.840.690.760.40.67-0.630.660.60.640.29-0.450.770.2-0.70.490.7
0.370.330.540.890.76-0.62-0.250.28-0.90.390.250.37-0.010.28-0.220.250.220.280.08-0.790.42-0.48-0.930.170.7
Click cells to compare fundamentals

Marine Products Account Relationship Matchups

Marine Products fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets104.8M119.4M132.8M163.7M193.8M117.6M
Total Stockholder Equity77.2M84.5M98.5M124.4M151.6M93.7M
Property Plant And Equipment Net14.8M14.9M14.4M15.0M22.5M15.2M
Non Current Assets Total33.8M38.9M39.7M38.7M54.6M49.8M
Non Currrent Assets Other3.7M3.7M3.9M14.0M19.3M11.6M
Other Assets15.1M84.7M21.6M19.7M1.00.95
Common Stock Shares Outstanding34.1M33.9M33.3M33.4M33.6M29.6M
Liabilities And Stockholders Equity104.8M119.4M132.8M163.7M193.8M117.6M
Inventory41.6M42.3M73.3M73.0M61.6M35.4M
Other Stockholder Equity252K(1.9M)(2.6M)(2.0M)(1.8M)(1.7M)
Total Liab27.6M34.9M34.3M39.3M42.2M23.9M
Property Plant And Equipment Gross14.8M14.9M46.2M48.0M55.2M58.0M
Total Current Assets70.9M80.5M93.1M125.0M139.2M146.2M
Other Current Liab713K1.6M1.0M13.3M16.5M17.3M
Total Current Liabilities17.0M21.7M18.1M23.6M22.6M16.7M
Net Debt(19.6M)(31.5M)(14.0M)(42.9M)(71.7M)(68.1M)
Accounts Payable3.9M6.1M6.8M8.3M6.1M4.5M
Cash19.8M31.6M14.1M43.2M72.0M75.5M
Cash And Short Term Investments19.8M31.6M14.1M43.2M72.0M75.5M
Net Receivables7.5M4.7M3.3M5.4M2.8M3.9M
Non Current Liabilities Total10.5M13.2M16.2M15.7M19.6M20.6M
Other Current Assets2.1M1.9M2.5M3.4M2.8M2.3M
Accumulated Other Comprehensive Income(2.7M)(1.9M)(2.6M)(2.0M)(1.8M)(1.7M)
Property Plant Equipment14.8M14.9M14.4M15.2M13.7M11.3M
Retained Earnings76.6M83.1M97.7M123.0M148.1M83.2M
Common Stock Total Equity3.5M3.4M3.4M3.4M3.9M3.7M
Other Liab10.4M13.2M16.2M15.6M17.9M18.8M
Current Deferred Revenue295K1.2M1.3M2.0M654K882.7K
Short Term Debt12.1M12.8M9.0M57K654.0K621.3K
Net Tangible Assets73.4M80.7M94.8M120.6M138.7M89.5M
Retained Earnings Total Equity74.0M76.6M83.1M97.7M112.4M86.4M
Non Current Liabilities Other10.5M13.2M683K1.3M1.6M1.6M
Cash And Equivalents19.8M31.6M14.1M43.2M49.6M52.1M

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