Myers Non Currrent Assets Other vs Non Current Assets Total Analysis
MYE Stock | USD 17.19 0.77 4.29% |
Myers Industries financial indicator trend analysis is infinitely more than just investigating Myers Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myers Industries is a good investment. Please check the relationship between Myers Industries Non Currrent Assets Other and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
Non Currrent Assets Other vs Non Current Assets Total
Non Currrent Assets Other vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Non Currrent Assets Other account and Non Current Assets Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Myers Industries' Non Currrent Assets Other and Non Current Assets Total is 0.12. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Myers Industries, assuming nothing else is changed. The correlation between historical values of Myers Industries' Non Currrent Assets Other and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Myers Industries are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Currrent Assets Other i.e., Myers Industries' Non Currrent Assets Other and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Myers Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myers Industries 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 Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.2M | 5.7M | 6.3M | 7.2M | Depreciation And Amortization | 19.5M | 20.5M | 22.8M | 26.0M |
Myers Industries fundamental ratios Correlations
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Myers Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Myers Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 353.1M | 400.0M | 484.5M | 542.6M | 541.6M | 431.3M | |
Short Long Term Debt Total | 83.3M | 95.7M | 130.0M | 132.4M | 95.5M | 124.5M | |
Other Current Liab | 31.1M | 33.8M | 39.8M | 46.9M | 47.1M | 32.8M | |
Total Current Liabilities | 82.6M | 142.2M | 132.5M | 137.8M | 165.1M | 97.7M | |
Total Stockholder Equity | 166.7M | 189.1M | 209.3M | 256.4M | 292.8M | 195.2M | |
Property Plant And Equipment Net | 60.9M | 92.3M | 121.3M | 130.5M | 135.9M | 126.2M | |
Net Debt | 7.8M | 67.4M | 112.4M | 109.2M | 65.2M | 112.2M | |
Retained Earnings | (135.1M) | (117.9M) | (104.2M) | (64.0M) | (35.5M) | (33.7M) | |
Cash | 75.5M | 28.3M | 17.7M | 23.1M | 30.3M | 31.8M | |
Non Current Assets Total | 168.1M | 216.3M | 264.6M | 285.4M | 285.0M | 244.1M | |
Non Currrent Assets Other | 101.4M | 123.9M | 143.2M | 7.9M | 8.4M | 7.9M | |
Cash And Short Term Investments | 75.5M | 28.3M | 17.7M | 23.1M | 30.3M | 31.8M | |
Net Receivables | 62.4M | 84.8M | 103.2M | 133.7M | 128.6M | 89.4M | |
Common Stock Shares Outstanding | 33.4M | 35.7M | 35.9M | 36.4M | 37.1M | 36.7M | |
Liabilities And Stockholders Equity | 353.1M | 400.0M | 484.5M | 542.6M | 541.6M | 431.3M | |
Non Current Liabilities Total | 103.8M | 68.7M | 142.7M | 148.4M | 83.7M | 138.4M | |
Inventory | 44.3M | 65.9M | 93.6M | 93.4M | 90.8M | 72.6M | |
Other Current Assets | 2.8M | 4.8M | 5.5M | 7.0M | 6.9M | 8.8M | |
Other Stockholder Equity | 296.4M | 300.9M | 306.7M | 315.9M | 322.5M | 338.7M | |
Total Liab | 186.5M | 210.9M | 275.2M | 286.2M | 248.8M | 236.1M | |
Property Plant And Equipment Gross | 60.9M | 92.3M | 121.3M | 101.6M | 425.1M | 446.3M | |
Total Current Assets | 185.0M | 183.7M | 219.9M | 257.2M | 256.6M | 187.2M | |
Accumulated Other Comprehensive Income | (16.3M) | (15.8M) | (15.4M) | (17.8M) | (16.8M) | (17.7M) | |
Short Term Debt | 2.1M | 44.4M | 5.8M | 6.7M | 32.5M | 16.8M | |
Intangible Assets | 30.8M | 41.0M | 50.2M | 51.8M | 45.1M | 66.1M | |
Accounts Payable | 46.9M | 61.2M | 81.7M | 73.5M | 79.1M | 53.8M | |
Good Will | 66.8M | 79.3M | 88.8M | 95.2M | 95.4M | 90.6M | |
Common Stock Total Equity | 21.8M | 21.9M | 22.2M | 22.3M | 25.7M | 21.0M | |
Common Stock | 21.8M | 21.9M | 22.2M | 22.3M | 22.6M | 21.5M | |
Other Assets | 9.7M | 22.0M | 143.3M | 8.0M | 1.0 | 0.95 | |
Long Term Debt | 77.2M | 37.6M | 90.9M | 94.0M | 32.0M | 30.4M | |
Property Plant Equipment | 55.0M | 74.0M | 92.0M | 101.6M | 91.4M | 116.2M | |
Current Deferred Revenue | 2.6M | 2.9M | 5.2M | 10.6M | 6.5M | 10.6M | |
Other Liab | 22.6M | 17.3M | 18.5M | 22.8M | 26.2M | 16.3M | |
Net Tangible Assets | 73.2M | 82.6M | 70.4M | 256.4M | 294.9M | 309.6M | |
Retained Earnings Total Equity | (135.1M) | (117.9M) | (104.2M) | (64.0M) | (57.6M) | (60.5M) | |
Long Term Debt Total | 77.2M | 37.6M | 100.4M | 102.9M | 92.6M | 82.9M | |
Capital Surpluse | 296.4M | 300.9M | 306.7M | 315.9M | 363.2M | 291.8M |
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 Myers Industries 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, Myers Industries' short interest history, or implied volatility extrapolated from Myers Industries 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 Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running Myers Industries' price analysis, check to measure Myers Industries' 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 Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' 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 Myers Industries. If investors know Myers 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 Myers Industries 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 (0.06) | Dividend Share 0.54 | Earnings Share 1.32 | Revenue Per Share 22.128 | Quarterly Revenue Growth (0.10) |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' 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 Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' 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 Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' 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.