Millennium Short Long Term Debt Total vs Net Receivables Analysis

MGIH Stock

1.63 0.04 2.52%

Millennium Group financial indicator trend analysis is infinitely more than just investigating Millennium Group Int recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millennium Group Int is a good investment. Please check the relationship between Millennium Group Short Long Term Debt Total and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Short Long Term Debt Total vs Net Receivables

Short Long Term Debt Total vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millennium Group Int Short Long Term Debt Total account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Millennium Group's Short Long Term Debt Total and Net Receivables is 0.93. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Millennium Group International, assuming nothing else is changed. The correlation between historical values of Millennium Group's Short Long Term Debt Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Millennium Group International are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Long Term Debt Total i.e., Millennium Group's Short Long Term Debt Total and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Short Long Term Debt Total

Net Receivables

Most indicators from Millennium Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Millennium Group Int 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 Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

The Millennium Group's current Sales General And Administrative To Revenue is estimated to increase to 0.35, while Tax Provision is forecasted to increase to (66.1 K).

	2021	2022	2023	2024 (projected)
Interest Expense	425.8K	684.4K	958.9K	672.8K
Depreciation And Amortization	1.9M	1.7M	1.4M	1.5M

Interest Expense Depreciation And Amortization

Millennium Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.99	0.87	0.93	-0.67	-0.88	0.95	0.71	0.74	0.92	0.6	0.71	0.91	-0.71	-0.94	0.71	0.95	0.77	-0.32	0.72	0.05	-0.87	0.93	0.99	0.99	-0.86
Short Long Term Debt Total	0.99		0.87	0.92	-0.71	-0.85	0.95	0.73	0.73	0.94	0.58	0.72	0.93	-0.64	-0.9	0.72	0.93	0.8	-0.33	0.66	0.09	-0.86	0.92	0.96	1.0	-0.86
Other Current Liab	0.87	0.87		0.91	-0.81	-0.86	0.9	0.58	0.8	0.81	0.44	0.48	0.9	-0.44	-0.84	0.48	0.89	0.71	0.05	0.57	0.26	-0.84	0.91	0.82	0.86	-0.75
Total Current Liabilities	0.93	0.92	0.91		-0.86	-0.98	0.99	0.84	0.79	0.95	0.41	0.59	0.96	-0.49	-0.85	0.59	0.94	0.91	-0.35	0.52	-0.12	-0.98	1.0	0.87	0.92	-0.96
Total Stockholder Equity	-0.67	-0.71	-0.81	-0.86		0.85	-0.86	-0.83	-0.7	-0.85	-0.13	-0.33	-0.9	0.02	0.5	-0.33	-0.72	-0.91	0.28	-0.11	0.12	0.9	-0.86	-0.54	-0.71	0.85
Net Tangible Assets	-0.88	-0.85	-0.86	-0.98	0.85		-0.95	-0.85	-0.71	-0.92	-0.28	-0.61	-0.9	0.5	0.82	-0.61	-0.88	-0.9	0.39	-0.43	0.25	0.99	-0.98	-0.83	-0.85	0.96
Property Plant And Equipment Net	0.95	0.95	0.9	0.99	-0.86	-0.95		0.83	0.83	0.96	0.5	0.58	0.99	-0.47	-0.83	0.58	0.95	0.91	-0.35	0.55	-0.04	-0.96	0.99	0.88	0.95	-0.95
Current Deferred Revenue	0.71	0.73	0.58	0.84	-0.83	-0.85	0.83		0.48	0.92	0.08	0.61	0.81	-0.27	-0.53	0.61	0.66	0.98	-0.75	0.09	-0.52	-0.91	0.83	0.63	0.75	-0.95
Net Debt	0.74	0.73	0.8	0.79	-0.7	-0.71	0.83	0.48		0.67	0.75	0.07	0.86	-0.2	-0.61	0.07	0.91	0.64	0.02	0.69	0.27	-0.73	0.79	0.66	0.72	-0.69
Retained Earnings	0.92	0.94	0.81	0.95	-0.85	-0.92	0.96	0.92	0.67		0.35	0.7	0.95	-0.47	-0.77	0.7	0.86	0.95	-0.55	0.4	-0.2	-0.96	0.95	0.86	0.94	-0.97
Accounts Payable	0.6	0.58	0.44	0.41	-0.13	-0.28	0.5	0.08	0.75	0.35		0.06	0.51	-0.4	-0.52	0.06	0.7	0.2	0.08	0.9	0.49	-0.29	0.42	0.6	0.57	-0.31
Cash	0.71	0.72	0.48	0.59	-0.33	-0.61	0.58	0.61	0.07	0.7	0.06		0.49	-0.8	-0.74	1.0	0.46	0.54	-0.54	0.29	-0.26	-0.58	0.59	0.77	0.73	-0.61
Non Current Assets Total	0.91	0.93	0.9	0.96	-0.9	-0.9	0.99	0.81	0.86	0.95	0.51	0.49		-0.35	-0.76	0.49	0.94	0.9	-0.3	0.51	0.04	-0.94	0.96	0.83	0.93	-0.92
Non Currrent Assets Other	-0.71	-0.64	-0.44	-0.49	0.02	0.5	-0.47	-0.27	-0.2	-0.47	-0.4	-0.8	-0.35		0.85	-0.8	-0.54	-0.24	0.24	-0.7	0.02	0.4	-0.49	-0.81	-0.64	0.42
Other Assets	-0.94	-0.9	-0.84	-0.85	0.5	0.82	-0.83	-0.53	-0.61	-0.77	-0.52	-0.74	-0.76	0.85		-0.74	-0.87	-0.59	0.16	-0.76	-0.1	0.76	-0.85	-0.97	-0.89	0.73
Cash And Short Term Investments	0.71	0.72	0.48	0.59	-0.33	-0.61	0.58	0.61	0.07	0.7	0.06	1.0	0.49	-0.8	-0.74		0.46	0.54	-0.54	0.29	-0.26	-0.58	0.59	0.77	0.73	-0.61
Net Receivables	0.95	0.93	0.89	0.94	-0.72	-0.88	0.95	0.66	0.91	0.86	0.7	0.46	0.94	-0.54	-0.87	0.46		0.76	-0.2	0.76	0.12	-0.87	0.94	0.91	0.92	-0.85
Common Stock Shares Outstanding	0.77	0.8	0.71	0.91	-0.91	-0.9	0.91	0.98	0.64	0.95	0.2	0.54	0.9	-0.24	-0.59	0.54	0.76		-0.62	0.19	-0.37	-0.96	0.9	0.68	0.81	-0.98
Non Current Liabilities Total	-0.32	-0.33	0.05	-0.35	0.28	0.39	-0.35	-0.75	0.02	-0.55	0.08	-0.54	-0.3	0.24	0.16	-0.54	-0.2	-0.62		0.12	0.8	0.46	-0.34	-0.31	-0.37	0.6
Inventory	0.72	0.66	0.57	0.52	-0.11	-0.43	0.55	0.09	0.69	0.4	0.9	0.29	0.51	-0.7	-0.76	0.29	0.76	0.19	0.12		0.43	-0.38	0.52	0.77	0.65	-0.37
Other Current Assets	0.05	0.09	0.26	-0.12	0.12	0.25	-0.04	-0.52	0.27	-0.2	0.49	-0.26	0.04	0.02	-0.1	-0.26	0.12	-0.37	0.8	0.43		0.27	-0.1	0.06	0.06	0.35
Other Stockholder Equity	-0.87	-0.86	-0.84	-0.98	0.9	0.99	-0.96	-0.91	-0.73	-0.96	-0.29	-0.58	-0.94	0.4	0.76	-0.58	-0.87	-0.96	0.46	-0.38	0.27		-0.98	-0.8	-0.86	0.98
Total Liab	0.93	0.92	0.91	1.0	-0.86	-0.98	0.99	0.83	0.79	0.95	0.42	0.59	0.96	-0.49	-0.85	0.59	0.94	0.9	-0.34	0.52	-0.1	-0.98		0.87	0.92	-0.95
Total Current Assets	0.99	0.96	0.82	0.87	-0.54	-0.83	0.88	0.63	0.66	0.86	0.6	0.77	0.83	-0.81	-0.97	0.77	0.91	0.68	-0.31	0.77	0.06	-0.8	0.87		0.96	-0.8
Short Term Debt	0.99	1.0	0.86	0.92	-0.71	-0.85	0.95	0.75	0.72	0.94	0.57	0.73	0.93	-0.64	-0.89	0.73	0.92	0.81	-0.37	0.65	0.06	-0.86	0.92	0.96		-0.87
Common Stock	-0.86	-0.86	-0.75	-0.96	0.85	0.96	-0.95	-0.95	-0.69	-0.97	-0.31	-0.61	-0.92	0.42	0.73	-0.61	-0.85	-0.98	0.6	-0.37	0.35	0.98	-0.95	-0.8	-0.87

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When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group'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 Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:

How To Invest In Millennium

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Is Millennium Stock a good investment?

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What is Millennium Group's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Is Diversified Metals & Mining space 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 Millennium Group. If investors know Millennium 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 Millennium Group 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

(0.50)

Earnings Share

(0.78)

Revenue Per Share

3.425

Quarterly Revenue Growth

(0.24)

Return On Assets

(0.08)

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

Short Long Term Debt Total vs Net Receivables

Short Long Term Debt Total vs Net Receivables Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Net Receivables

Millennium Group fundamental ratios Correlations

Millennium Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Assets

Total Liab	- 0.98	Other Stockholder Equity
Common Stock	- 0.98	Common Stock Shares Outstanding
Total Liab	- 0.98	Net Tangible Assets
Other Stockholder Equity	- 0.98	Total Current Liabilities
Net Tangible Assets	- 0.98	Total Current Liabilities
Total Current Assets	- 0.97	Other Assets