MillerKnoll Current Deferred Revenue vs Common Stock Analysis
MLKN Stock | USD 22.07 0.32 1.43% |
MillerKnoll financial indicator trend analysis is infinitely more than just investigating MillerKnoll recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MillerKnoll is a good investment. Please check the relationship between MillerKnoll Current Deferred Revenue and its Common Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MillerKnoll. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in MillerKnoll Stock, please use our How to Invest in MillerKnoll guide.
Current Deferred Revenue vs Common Stock
Current Deferred Revenue vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MillerKnoll Current Deferred Revenue account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MillerKnoll's Current Deferred Revenue and Common Stock is 0.87. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock in the same time period over historical financial statements of MillerKnoll, assuming nothing else is changed. The correlation between historical values of MillerKnoll's Current Deferred Revenue and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of MillerKnoll are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Current Deferred Revenue i.e., MillerKnoll's Current Deferred Revenue and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Common Stock
Most indicators from MillerKnoll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MillerKnoll 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 MillerKnoll. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in MillerKnoll Stock, please use our How to Invest in MillerKnoll guide.At this time, MillerKnoll's Tax Provision is very stable compared to the past year. As of the 23rd of December 2024, Issuance Of Capital Stock is likely to grow to about 6.9 M, while Selling General Administrative is likely to drop about 760.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.9B | 4.1B | 3.6B | 1.9B | Depreciation And Amortization | 190.6M | 155.1M | 178.4M | 187.3M |
MillerKnoll fundamental ratios Correlations
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MillerKnoll Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MillerKnoll fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.1B | 4.5B | 4.3B | 4.0B | 4.2B | |
Short Long Term Debt Total | 770.1M | 474M | 1.9B | 1.9B | 1.8B | 1.9B | |
Other Current Liab | 289.4M | 277.1M | 207.9M | 151.9M | 178.2M | 140.7M | |
Total Current Liabilities | 509.4M | 500.8M | 872.6M | 702.8M | 697.7M | 732.6M | |
Total Stockholder Equity | 643M | 849.6M | 1.4B | 1.4B | 1.4B | 1.5B | |
Property Plant And Equipment Net | 524.7M | 541.9M | 1.0B | 952.2M | 867.6M | 911.0M | |
Net Debt | 316.1M | 77.6M | 1.7B | 1.6B | 1.5B | 1.6B | |
Retained Earnings | 683.9M | 808.4M | 693.3M | 676.1M | 738.4M | 369.6M | |
Cash | 454M | 396.4M | 230.3M | 223.5M | 230.4M | 133.2M | |
Non Current Assets Total | 1.1B | 1.2B | 3.2B | 3.1B | 3.0B | 3.1B | |
Non Currrent Assets Other | 48.7M | 61.5M | 99.2M | 130.9M | 71.4M | 102.6M | |
Cash And Short Term Investments | 461M | 404.1M | 230.3M | 223.5M | 230.4M | 139.2M | |
Net Receivables | 199.5M | 221.1M | 380.9M | 363.5M | 330.5M | 200.0M | |
Common Stock Shares Outstanding | 58.9M | 59.4M | 73.2M | 76.0M | 74.0M | 61.7M | |
Liabilities And Stockholders Equity | 2.0B | 2.1B | 4.5B | 4.3B | 4.0B | 4.2B | |
Non Current Liabilities Total | 840.3M | 634.5M | 2.1B | 2.0B | 1.9B | 2.0B | |
Inventory | 197.3M | 213.6M | 587.3M | 487.4M | 428.6M | 450.0M | |
Other Current Assets | 60.7M | 52.7M | 119.4M | 101.8M | 80.1M | 48.2M | |
Other Stockholder Equity | 81.6M | 94.7M | 825.7M | 836.5M | 725.3M | 761.6M | |
Total Liab | 1.3B | 1.1B | 3.0B | 2.7B | 2.6B | 2.7B | |
Total Current Assets | 918.5M | 891.5M | 1.3B | 1.2B | 1.1B | 1.1B | |
Short Term Debt | 51.4M | 2.2M | 189.1M | 187.6M | 177.9M | 186.8M | |
Intangible Assets | 205.2M | 202.8M | 863.4M | 793.8M | 744.8M | 782.0M | |
Accounts Payable | 128.8M | 178.4M | 355.1M | 269.5M | 241.4M | 129.4M | |
Accumulated Other Comprehensive Income | (134.3M) | (65.3M) | (107.1M) | (95.1M) | (92.7M) | (97.3M) | |
Current Deferred Revenue | 39.8M | 43.1M | 125.3M | 93.8M | 100.2M | 53.5M | |
Good Will | 346M | 364.2M | 1.2B | 1.2B | 1.2B | 1.3B | |
Other Liab | 99.3M | 146.6M | 148.3M | 325.2M | 374.0M | 392.7M | |
Net Tangible Assets | 91.8M | 282.6M | 359.6M | (475.3M) | (427.8M) | (406.4M) | |
Other Assets | 48.7M | 49.8M | 2.2B | 1.0 | 1.15 | 1.09 | |
Long Term Debt | 281.9M | 539.9M | 274.9M | 1.4B | 1.3B | 676.2M | |
Net Invested Capital | 1.2B | 1.1B | 2.8B | 2.8B | 2.7B | 2.0B | |
Non Current Liabilities Other | 86.1M | 128.2M | 359.6M | 273M | 224.8M | 193.1M | |
Net Working Capital | 403.8M | 390.7M | 440.5M | 473.4M | 371.9M | 397.1M | |
Property Plant Equipment | 524.7M | 541.9M | 327.2M | 536.3M | 616.7M | 478.5M |
Pair Trading with MillerKnoll
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MillerKnoll position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MillerKnoll will appreciate offsetting losses from the drop in the long position's value.Moving together with MillerKnoll Stock
The ability to find closely correlated positions to MillerKnoll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MillerKnoll when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MillerKnoll - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MillerKnoll to buy it.
The correlation of MillerKnoll is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MillerKnoll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MillerKnoll moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MillerKnoll can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MillerKnoll. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in MillerKnoll Stock, please use our How to Invest in MillerKnoll guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Commercial Services & Supplies 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 MillerKnoll. If investors know MillerKnoll 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 MillerKnoll 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 55.604 | Earnings Share 0.91 | Revenue Per Share 49.606 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0355 |
The market value of MillerKnoll is measured differently than its book value, which is the value of MillerKnoll that is recorded on the company's balance sheet. Investors also form their own opinion of MillerKnoll's value that differs from its market value or its book value, called intrinsic value, which is MillerKnoll'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 MillerKnoll's market value can be influenced by many factors that don't directly affect MillerKnoll'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 MillerKnoll's value and its price as these two are different measures arrived at by different means. Investors typically determine if MillerKnoll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MillerKnoll'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.