Micron Payout Ratio vs Days Of Payables Outstanding Analysis
MU Stock | USD 114.84 3.26 2.92% |
Micron Technology financial indicator trend analysis is infinitely more than just investigating Micron Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Micron Technology is a good investment. Please check the relationship between Micron Technology Payout Ratio and its Days Of Payables Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron 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 employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
Payout Ratio vs Days Of Payables Outstanding
Payout Ratio vs Days Of Payables Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Micron Technology Payout Ratio account and Days Of Payables Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Micron Technology's Payout Ratio and Days Of Payables Outstanding is -0.16. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Days Of Payables Outstanding in the same time period over historical financial statements of Micron Technology, assuming nothing else is changed. The correlation between historical values of Micron Technology's Payout Ratio and Days Of Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Micron Technology are associated (or correlated) with its Days Of Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Payables Outstanding has no effect on the direction of Payout Ratio i.e., Micron Technology's Payout Ratio and Days Of Payables Outstanding go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of Micron Technology earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Micron Technology dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Micron Technology is paying out more in dividends than it makes in net income.Days Of Payables Outstanding
Most indicators from Micron Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Micron 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 Micron 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 employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.At this time, Micron Technology's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 37.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 620.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 16.9B | 17.0B | 19.5B | 20.5B | EBITDA | 16.9B | 2.7B | 3.1B | 3.5B |
Micron Technology fundamental ratios Correlations
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Micron Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Micron Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.7B | 58.8B | 66.3B | 64.3B | 73.9B | 77.6B | |
Short Long Term Debt Total | 7.2B | 7.3B | 7.5B | 13.9B | 16.0B | 16.8B | |
Total Current Liabilities | 6.6B | 6.4B | 7.5B | 4.8B | 5.5B | 5.8B | |
Total Stockholder Equity | 39.0B | 43.9B | 49.9B | 44.1B | 50.7B | 53.3B | |
Property Plant And Equipment Net | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Net Debt | (448M) | (483M) | (746M) | 5.4B | 6.2B | 6.5B | |
Retained Earnings | 33.4B | 39.1B | 47.3B | 40.8B | 46.9B | 49.3B | |
Cash | 7.6B | 7.8B | 8.3B | 8.6B | 9.9B | 10.4B | |
Non Current Assets Total | 35.7B | 38.9B | 44.5B | 43.0B | 49.5B | 51.9B | |
Non Currrent Assets Other | 781M | 1.1B | 1.3B | 1.3B | 1.5B | 1.5B | |
Cash And Short Term Investments | 8.1B | 8.6B | 9.3B | 9.6B | 11.0B | 11.6B | |
Net Receivables | 3.9B | 5.3B | 5.1B | 2.4B | 2.8B | 1.6B | |
Common Stock Shares Outstanding | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 783.8M | |
Liabilities And Stockholders Equity | 53.7B | 58.8B | 66.3B | 64.3B | 73.9B | 77.6B | |
Non Current Liabilities Total | 8.0B | 8.5B | 8.8B | 15.4B | 17.7B | 18.6B | |
Inventory | 5.6B | 4.5B | 6.7B | 8.4B | 9.6B | 10.1B | |
Other Current Assets | 304M | 502M | 644M | 820M | 943M | 859.6M | |
Other Stockholder Equity | 5.4B | 4.8B | 3.1B | 3.5B | 4.0B | 4.5B | |
Total Liab | 14.7B | 14.9B | 16.4B | 20.1B | 23.2B | 24.3B | |
Total Current Assets | 18.0B | 19.9B | 21.8B | 21.2B | 24.4B | 25.7B | |
Other Current Liab | 548M | 944M | 5.3B | 4.5B | 5.2B | 5.4B | |
Short Term Debt | 270M | 155M | 103M | 278M | 319.7M | 383.4M | |
Accounts Payable | 2.2B | 1.7B | 2.1B | 1.7B | 2.0B | 2.1B | |
Current Deferred Revenue | 1.6B | 3.6B | 3.6B | (1.7B) | (2.0B) | (1.9B) | |
Common Stock Total Equity | 118M | 119M | 122M | 123M | 141.5M | 89.5M | |
Short Term Investments | 518M | 870M | 1.1B | 1.0B | 1.2B | 684.0M | |
Property Plant And Equipment Gross | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Accumulated Other Comprehensive Income | 71M | 2M | (560M) | (312M) | (358.8M) | (340.9M) | |
Intangible Assets | 334M | 349M | 421M | 404M | 464.6M | 329.0M | |
Common Stock | 119M | 122M | 123M | 124M | 142.6M | 86.4M | |
Other Liab | 1.1B | 1.4B | 1.4B | 1.7B | 2.0B | 2.1B | |
Other Assets | 1.5B | 1.8B | 2.0B | 1.8B | 2.1B | 2.2B | |
Long Term Debt | 6.0B | 6.6B | 6.8B | 13.1B | 15.0B | 15.8B | |
Property Plant Equipment | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Net Tangible Assets | 37.4B | 42.4B | 48.3B | 42.6B | 49.0B | 26.3B | |
Retained Earnings Total Equity | 24.4B | 30.8B | 39.1B | 47.3B | 54.4B | 57.1B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron 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 employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Micron Technology's price analysis, check to measure Micron 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 Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron 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 Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.
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Is Micron 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 Micron Technology. If investors know Micron 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 Micron Technology 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 (0.43) | Dividend Share 0.46 | Earnings Share (3.44) | Revenue Per Share 16.67 | Quarterly Revenue Growth 0.577 |
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron 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 Micron Technology's market value can be influenced by many factors that don't directly affect Micron 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 Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron 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.