Matrix Retained Earnings vs Total Current Liabilities Analysis

MTRX Stock

USD 11.31 0.09 0.79%

Matrix Service financial indicator trend analysis is infinitely more than just investigating Matrix Service recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Matrix Service is a good investment. Please check the relationship between Matrix Service Retained Earnings and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matrix Service Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Matrix Service Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Matrix Service's Retained Earnings and Total Current Liabilities is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Matrix Service Co, assuming nothing else is changed. The correlation between historical values of Matrix Service's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Matrix Service Co are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Matrix Service's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Matrix Service balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Matrix Service Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Matrix Service's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Matrix Service 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 Matrix Service Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Matrix Service's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 11.00 in 2024, whereas Selling General Administrative is likely to drop slightly above 51.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	67.7M	68.2M	78.5M	46.2M
Cost Of Revenue	709.0M	764.2M	878.8M	578.4M

Total Operating Expenses Cost Of Revenue

Matrix Service 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	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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.12	0.69	0.95	0.96	0.89	-0.62	0.87	0.82	0.98	-0.17	0.82	0.9	0.79	0.13	0.38	0.39	0.73	0.95	0.89	0.99	0.39	0.69	0.89	0.78	0.78
Short Long Term Debt Total	0.12		-0.24	0.03	0.07	0.31	0.42	-0.06	0.0	0.2	0.46	0.0	0.17	0.32	0.7	0.44	0.09	0.37	0.16	0.31	0.07	0.45	-0.26	0.19	0.33	0.34
Other Current Liab	0.69	-0.24		0.63	0.75	0.53	-0.67	0.74	0.53	0.59	-0.4	0.53	0.68	0.54	-0.32	-0.02	0.44	0.37	0.55	0.53	0.73	0.34	0.62	0.64	0.57	0.57
Total Current Liabilities	0.95	0.03	0.63		0.84	0.78	-0.6	0.73	0.74	0.9	-0.07	0.74	0.88	0.76	0.03	0.33	0.37	0.7	0.98	0.78	0.95	0.3	0.72	0.93	0.72	0.72
Total Stockholder Equity	0.96	0.07	0.75	0.84		0.87	-0.69	0.95	0.82	0.94	-0.3	0.82	0.83	0.72	0.04	0.31	0.35	0.65	0.83	0.87	0.96	0.43	0.66	0.8	0.74	0.74
Property Plant And Equipment Net	0.89	0.31	0.53	0.78	0.87		-0.57	0.72	0.91	0.86	-0.05	0.91	0.81	0.83	0.34	0.5	0.41	0.8	0.83	1.0	0.88	0.26	0.4	0.73	0.85	0.84
Net Debt	-0.62	0.42	-0.67	-0.6	-0.69	-0.57		-0.71	-0.8	-0.5	0.37	-0.8	-0.43	-0.4	0.53	-0.01	-0.16	-0.28	-0.48	-0.57	-0.67	0.0	-0.48	-0.54	-0.4	-0.4
Retained Earnings	0.87	-0.06	0.74	0.73	0.95	0.72	-0.71		0.73	0.85	-0.5	0.73	0.64	0.48	-0.12	0.08	0.27	0.37	0.69	0.72	0.86	0.5	0.77	0.73	0.5	0.5
Cash	0.82	0.0	0.53	0.74	0.82	0.91	-0.8	0.73		0.76	-0.16	1.0	0.67	0.69	0.07	0.45	0.27	0.66	0.73	0.91	0.83	0.03	0.37	0.65	0.68	0.68
Non Current Assets Total	0.98	0.2	0.59	0.9	0.94	0.86	-0.5	0.85	0.76		-0.13	0.76	0.87	0.73	0.25	0.42	0.32	0.71	0.93	0.86	0.94	0.42	0.68	0.84	0.72	0.72
Non Currrent Assets Other	-0.17	0.46	-0.4	-0.07	-0.3	-0.05	0.37	-0.5	-0.16	-0.13		-0.16	0.08	0.27	0.34	0.33	-0.35	0.34	0.0	-0.05	-0.18	-0.25	-0.49	-0.11	0.23	0.24
Cash And Short Term Investments	0.82	0.0	0.53	0.74	0.82	0.91	-0.8	0.73	1.0	0.76	-0.16		0.67	0.69	0.07	0.45	0.27	0.66	0.73	0.91	0.83	0.03	0.37	0.65	0.68	0.68
Net Receivables	0.9	0.17	0.68	0.88	0.83	0.81	-0.43	0.64	0.67	0.87	0.08	0.67		0.92	0.21	0.46	0.35	0.87	0.9	0.81	0.9	0.32	0.51	0.8	0.9	0.9
Common Stock Shares Outstanding	0.79	0.32	0.54	0.76	0.72	0.83	-0.4	0.48	0.69	0.73	0.27	0.69	0.92		0.29	0.58	0.37	0.95	0.79	0.83	0.81	0.19	0.21	0.68	0.99	0.99
Non Current Liabilities Total	0.13	0.7	-0.32	0.03	0.04	0.34	0.53	-0.12	0.07	0.25	0.34	0.07	0.21	0.29		0.51	0.14	0.42	0.22	0.34	0.06	0.09	-0.22	0.02	0.29	0.29
Inventory	0.38	0.44	-0.02	0.33	0.31	0.5	-0.01	0.08	0.45	0.42	0.33	0.45	0.46	0.58	0.51		0.31	0.77	0.42	0.5	0.35	-0.2	-0.29	0.2	0.55	0.55
Other Current Assets	0.39	0.09	0.44	0.37	0.35	0.41	-0.16	0.27	0.27	0.32	-0.35	0.27	0.35	0.37	0.14	0.31		0.36	0.39	0.41	0.41	0.08	0.22	0.35	0.4	0.4
Other Stockholder Equity	0.73	0.37	0.37	0.7	0.65	0.8	-0.28	0.37	0.66	0.71	0.34	0.66	0.87	0.95	0.42	0.77	0.36		0.76	0.8	0.73	0.06	0.08	0.58	0.94	0.94
Total Liab	0.95	0.16	0.55	0.98	0.83	0.83	-0.48	0.69	0.73	0.93	0.0	0.73	0.9	0.79	0.22	0.42	0.39	0.76		0.83	0.94	0.31	0.66	0.91	0.76	0.75
Property Plant And Equipment Gross	0.89	0.31	0.53	0.78	0.87	1.0	-0.57	0.72	0.91	0.86	-0.05	0.91	0.81	0.83	0.34	0.5	0.41	0.8	0.83		0.88	0.26	0.4	0.73	0.85	0.84
Total Current Assets	0.99	0.07	0.73	0.95	0.96	0.88	-0.67	0.86	0.83	0.94	-0.18	0.83	0.9	0.81	0.06	0.35	0.41	0.73	0.94	0.88		0.37	0.67	0.9	0.8	0.8
Short Term Debt	0.39	0.45	0.34	0.3	0.43	0.26	0.0	0.5	0.03	0.42	-0.25	0.03	0.32	0.19	0.09	-0.2	0.08	0.06	0.31	0.26	0.37		0.5	0.53	0.21	0.21
Intangible Assets	0.69	-0.26	0.62	0.72	0.66	0.4	-0.48	0.77	0.37	0.68	-0.49	0.37	0.51	0.21	-0.22	-0.29	0.22	0.08	0.66	0.4	0.67	0.5		0.72	0.2	0.2
Accounts Payable	0.89	0.19	0.64	0.93	0.8	0.73	-0.54	0.73	0.65	0.84	-0.11	0.65	0.8	0.68	0.02	0.2	0.35	0.58	0.91	0.73	0.9	0.53	0.72		0.65	0.64
Common Stock Total Equity	0.78	0.33	0.57	0.72	0.74	0.85	-0.4	0.5	0.68	0.72	0.23	0.68	0.9	0.99	0.29	0.55	0.4	0.94	0.76	0.85	0.8	0.21	0.2	0.65		1.0
Common Stock	0.78	0.34	0.57	0.72	0.74	0.84	-0.4	0.5	0.68	0.72	0.24	0.68	0.9	0.99	0.29	0.55	0.4	0.94	0.75	0.84	0.8	0.21	0.2	0.64	1.0

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Matrix Service Account Relationship Matchups

Matrix Service fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	517.3M	467.6M	440.8M	400.5M	460.6M	304.2M
Short Long Term Debt Total	36.8M	26.5M	40.6M	35.3M	40.6M	42.7M
Other Current Liab	31.4M	32.9M	32.1M	21.1M	24.2M	26.1M
Total Current Liabilities	175.9M	153.4M	177.8M	187.5M	215.7M	118.8M
Total Stockholder Equity	307.9M	285.5M	227.7M	181.5M	208.7M	167.7M
Property Plant And Equipment Net	102.1M	91.8M	75.9M	69.3M	79.7M	54.0M
Net Debt	(63.3M)	(57.4M)	(11.8M)	(19.5M)	(17.5M)	(18.4M)
Retained Earnings	206.4M	175.2M	111.3M	58.9M	67.8M	85.9M
Cash	100.0M	83.9M	52.4M	54.8M	63.0M	33.7M
Non Current Assets Total	182.2M	176.3M	153.4M	138.2M	159.0M	109.0M
Non Currrent Assets Other	3.2M	8.9M	1.5M	36.7M	42.2M	44.3M
Cash And Short Term Investments	100.0M	83.9M	52.4M	54.8M	63.0M	33.7M
Net Receivables	164.6M	165.0M	167.4M	191.1M	219.8M	120.7M
Common Stock Shares Outstanding	26.6M	26.5M	26.7M	27.0M	31.0M	24.8M
Liabilities And Stockholders Equity	517.3M	467.6M	440.8M	400.5M	460.6M	304.2M
Non Current Liabilities Total	33.5M	28.6M	35.3M	31.5M	36.2M	18.4M
Inventory	6.5M	7.3M	10.0M	7.4M	8.6M	4.5M
Other Current Assets	4.5M	4.2M	12.9M	3.1M	3.6M	3.4M
Other Stockholder Equity	109.6M	116.8M	124.3M	131.1M	150.7M	86.5M
Total Liab	209.4M	182.0M	213.1M	219.0M	251.9M	136.7M
Property Plant And Equipment Gross	102.1M	91.8M	75.9M	69.3M	79.7M	54.0M
Total Current Assets	335.2M	291.2M	287.4M	262.3M	301.6M	195.2M
Accumulated Other Comprehensive Income	(8.4M)	(6.7M)	(8.2M)	(8.8M)	(10.1M)	(9.6M)
Intangible Assets	8.8M	6.6M	4.8M	3.1M	2.8M	2.6M
Accounts Payable	73.1M	60.9M	74.9M	76.4M	87.8M	55.7M
Other Assets	10.8M	17.3M	30.5M	36.7M	42.2M	44.3M
Good Will	60.4M	60.6M	42.1M	29.1M	33.5M	49.3M
Treasury Stock	(17.8M)	(29.4M)	(20.7M)	(15.5M)	(14.0M)	(14.7M)
Property Plant Equipment	102.1M	91.8M	75.9M	69.3M	79.7M	67.3M
Long Term Debt	5.3M	9.2M	15M	10M	9M	10.1M
Current Deferred Revenue	63.9M	53.8M	65.1M	85.4M	98.3M	57.7M
Other Liab	4.3M	7.8M	398K	825K	742.5K	705.4K
Net Tangible Assets	238.7M	218.3M	180.8M	149.3M	171.7M	218.1M
Retained Earnings Total Equity	239.5M	206.4M	175.2M	111.3M	128.0M	187.9M
Capital Surpluse	137.7M	139.0M	137.6M	139.9M	160.8M	143.1M

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When determining whether Matrix Service offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Matrix Service's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Matrix Service Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Matrix Service Co Stock:

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matrix Service Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Matrix Service's price analysis, check to measure Matrix Service'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 Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.

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Is Matrix Service'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 Matrix Service. If investors know Matrix 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 Matrix Service 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

1.75

Earnings Share

(0.76)

Revenue Per Share

27.295

Quarterly Revenue Growth

(0.11)

Return On Assets

(0.04)

The market value of Matrix Service is measured differently than its book value, which is the value of Matrix that is recorded on the company's balance sheet. Investors also form their own opinion of Matrix Service's value that differs from its market value or its book value, called intrinsic value, which is Matrix Service'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 Matrix Service's market value can be influenced by many factors that don't directly affect Matrix Service'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 Matrix Service's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matrix Service is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matrix Service'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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Matrix Retained Earnings vs Total Current Liabilities Analysis

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Liabilities

Matrix Service fundamental ratios Correlations

Matrix Service Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Matrix Service fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.99	Total Assets
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Shares Outstanding

Cash And Short Term Investments	- 0.8	Net Debt
Cash	- 0.8	Net Debt
Retained Earnings	- 0.71	Net Debt
Net Debt	- 0.69	Total Stockholder Equity
Total Current Assets	- 0.67	Net Debt
Net Debt	- 0.67	Other Current Liab