908 Inventory vs Net Debt Analysis

MASS Stock

USD 6.48 0.09 1.37%

908 Devices financial indicator trend analysis is way more than just evaluating 908 Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 908 Devices is a good investment. Please check the relationship between 908 Devices Inventory and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 908 Devices Inventory account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between 908 Devices' Inventory and Net Debt is -0.75. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of 908 Devices, assuming nothing else is changed. The correlation between historical values of 908 Devices' Inventory and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of 908 Devices are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Inventory i.e., 908 Devices' Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Inventory

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from 908 Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 908 Devices 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 908 Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.Selling General Administrative is likely to drop to about 28.5 M in 2024. Tax Provision is likely to gain to about (200.4 K) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	23.2M	26.0M	23.4M	19.8M
Total Revenue	42.2M	46.9M	50.2M	37.8M

Gross Profit Total Revenue

908 Devices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.32	0.95	0.92	1.0	0.92	0.97	-0.84	0.81	-0.99	-0.82	0.99	0.99	0.54	-0.48	0.9	0.86	1.0	0.83	0.97	0.9	-0.9	-0.84	0.82	0.9	0.99
Short Long Term Debt Total	-0.32		-0.53	-0.57	-0.34	-0.65	-0.49	0.11	-0.78	0.26	0.76	-0.39	-0.21	-0.72	0.81	-0.54	-0.38	-0.26	-0.19	-0.41	-0.44	0.61	0.39	-0.64	-0.46	-0.43
Other Current Liab	0.95	-0.53		0.99	0.94	0.95	0.94	-0.7	0.9	-0.91	-0.92	0.96	0.89	0.79	-0.71	0.98	0.86	0.91	0.72	0.96	0.92	-0.89	-0.89	0.95	0.95	0.98
Total Current Liabilities	0.92	-0.57	0.99		0.92	0.95	0.92	-0.65	0.92	-0.87	-0.94	0.93	0.85	0.81	-0.72	0.98	0.89	0.88	0.67	0.96	0.93	-0.89	-0.84	0.97	0.93	0.96
Total Stockholder Equity	1.0	-0.34	0.94	0.92		0.92	0.97	-0.81	0.81	-0.99	-0.82	0.98	0.98	0.55	-0.47	0.9	0.84	0.99	0.81	0.98	0.89	-0.92	-0.82	0.81	0.89	0.99
Other Liab	0.92	-0.65	0.95	0.95	0.92		0.97	-0.77	0.97	-0.89	-0.97	0.93	0.87	0.71	-0.73	0.91	0.87	0.9	0.69	0.93	0.93	-0.95	-0.84	0.9	0.88	0.95
Net Tangible Assets	0.97	-0.49	0.94	0.92	0.97	0.97		-0.83	0.9	-0.96	-0.89	0.96	0.95	0.56	-0.56	0.89	0.86	0.97	0.79	0.96	0.91	-0.97	-0.8	0.82	0.87	0.98
Property Plant And Equipment Net	-0.84	0.11	-0.7	-0.65	-0.81	-0.77	-0.83		-0.65	0.88	0.65	-0.81	-0.89	-0.21	0.33	-0.58	-0.77	-0.87	-0.68	-0.74	-0.8	0.72	0.76	-0.53	-0.65	-0.77
Current Deferred Revenue	0.81	-0.78	0.9	0.92	0.81	0.97	0.9	-0.65		-0.77	-1.0	0.83	0.74	0.77	-0.83	0.87	0.84	0.77	0.59	0.84	0.89	-0.9	-0.78	0.91	0.83	0.86
Net Debt	-0.99	0.26	-0.91	-0.87	-0.99	-0.89	-0.96	0.88	-0.77		0.77	-0.98	-1.0	-0.46	0.41	-0.85	-0.83	-1.0	-0.84	-0.95	-0.87	0.89	0.82	-0.75	-0.86	-0.97
Retained Earnings	-0.82	0.76	-0.92	-0.94	-0.82	-0.97	-0.89	0.65	-1.0	0.77		-0.84	-0.74	-0.8	0.83	-0.9	-0.87	-0.78	-0.58	-0.86	-0.91	0.89	0.8	-0.94	-0.85	-0.87
Accounts Payable	0.99	-0.39	0.96	0.93	0.98	0.93	0.96	-0.81	0.83	-0.98	-0.84		0.97	0.61	-0.54	0.92	0.81	0.98	0.85	0.96	0.87	-0.9	-0.89	0.84	0.94	0.98
Cash	0.99	-0.21	0.89	0.85	0.98	0.87	0.95	-0.89	0.74	-1.0	-0.74	0.97		0.42	-0.37	0.83	0.82	1.0	0.84	0.94	0.86	-0.87	-0.81	0.72	0.85	0.95
Non Current Assets Total	0.54	-0.72	0.79	0.81	0.55	0.71	0.56	-0.21	0.77	-0.46	-0.8	0.61	0.42		-0.92	0.8	0.58	0.47	0.24	0.65	0.66	-0.6	-0.73	0.9	0.71	0.65
Non Currrent Assets Other	-0.48	0.81	-0.71	-0.72	-0.47	-0.73	-0.56	0.33	-0.83	0.41	0.83	-0.54	-0.37	-0.92		-0.67	-0.57	-0.41	-0.15	-0.55	-0.67	0.61	0.73	-0.81	-0.6	-0.57
Other Assets	0.9	-0.54	0.98	0.98	0.9	0.91	0.89	-0.58	0.87	-0.85	-0.9	0.92	0.83	0.8	-0.67		0.83	0.86	0.73	0.94	0.87	-0.85	-0.82	0.97	0.96	0.95
Long Term Debt	0.86	-0.38	0.86	0.89	0.84	0.87	0.86	-0.77	0.84	-0.83	-0.87	0.81	0.82	0.58	-0.57	0.83		0.85	0.58	0.88	0.98	-0.76	-0.71	0.85	0.78	0.87
Cash And Short Term Investments	1.0	-0.26	0.91	0.88	0.99	0.9	0.97	-0.87	0.77	-1.0	-0.78	0.98	1.0	0.47	-0.41	0.86	0.85		0.83	0.96	0.88	-0.89	-0.81	0.76	0.87	0.97
Net Receivables	0.83	-0.19	0.72	0.67	0.81	0.69	0.79	-0.68	0.59	-0.84	-0.58	0.85	0.84	0.24	-0.15	0.73	0.58	0.83		0.73	0.6	-0.68	-0.61	0.57	0.84	0.78
Common Stock Total Equity	0.97	-0.41	0.96	0.96	0.98	0.93	0.96	-0.74	0.84	-0.95	-0.86	0.96	0.94	0.65	-0.55	0.94	0.88	0.96	0.73		0.91	-0.92	-0.8	0.87	0.88	0.99
Common Stock Shares Outstanding	0.9	-0.44	0.92	0.93	0.89	0.93	0.91	-0.8	0.89	-0.87	-0.91	0.87	0.86	0.66	-0.67	0.87	0.98	0.88	0.6	0.91		-0.82	-0.82	0.9	0.83	0.91
Non Current Liabilities Total	-0.9	0.61	-0.89	-0.89	-0.92	-0.95	-0.97	0.72	-0.9	0.89	0.89	-0.9	-0.87	-0.6	0.61	-0.85	-0.76	-0.89	-0.68	-0.92	-0.82		0.74	-0.79	-0.78	-0.93
Capital Lease Obligations	-0.84	0.39	-0.89	-0.84	-0.82	-0.84	-0.8	0.76	-0.78	0.82	0.8	-0.89	-0.81	-0.73	0.73	-0.82	-0.71	-0.81	-0.61	-0.8	-0.82	0.74		-0.82	-0.86	-0.84
Inventory	0.82	-0.64	0.95	0.97	0.81	0.9	0.82	-0.53	0.91	-0.75	-0.94	0.84	0.72	0.9	-0.81	0.97	0.85	0.76	0.57	0.87	0.9	-0.79	-0.82		0.91	0.88
Other Current Assets	0.9	-0.46	0.95	0.93	0.89	0.88	0.87	-0.65	0.83	-0.86	-0.85	0.94	0.85	0.71	-0.6	0.96	0.78	0.87	0.84	0.88	0.83	-0.78	-0.86	0.91		0.92
Other Stockholder Equity	0.99	-0.43	0.98	0.96	0.99	0.95	0.98	-0.77	0.86	-0.97	-0.87	0.98	0.95	0.65	-0.57	0.95	0.87	0.97	0.78	0.99	0.91	-0.93	-0.84	0.88	0.92

Click cells to compare fundamentals

908 Devices Account Relationship Matchups

908 Devices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Short Long Term Debt Total	22.8M	21.9M	20.9M	16.5M	5.9M	5.6M
Other Current Liab	2.9M	5.0M	7.0M	8.8M	8.7M	6.5M
Total Current Liabilities	6.1M	10.8M	14.8M	19.2M	22.5M	14.3M
Total Stockholder Equity	(63.2M)	139.0M	214.6M	190.6M	165.5M	109.3M
Other Liab	1.3M	8.8M	12.0M	14.7M	16.9M	17.8M
Net Tangible Assets	(63.2M)	139.0M	214.6M	172.1M	197.9M	207.8M
Property Plant And Equipment Net	8.6M	7.1M	6.8M	7.0M	9.6M	6.5M
Current Deferred Revenue	1.5M	3.1M	5.2M	7.5M	10.6M	11.2M
Net Debt	4.9M	(137.4M)	(203.2M)	(172.0M)	(115.1M)	(120.9M)
Retained Earnings	(65.6M)	(78.5M)	(100.6M)	(134.2M)	(170.6M)	(162.1M)
Accounts Payable	577K	1.0M	1.4M	1.4M	1.2M	1.1M
Cash	17.9M	159.2M	224.1M	188.4M	121.0M	131.6M
Non Current Assets Total	9.1M	7.9M	8.0M	27.0M	29.2M	16.8M
Non Currrent Assets Other	511K	723K	1.2M	(1.3M)	(1.2M)	(1.2M)
Other Assets	511K	723K	1.2M	1.4M	1.6M	962.9K
Cash And Short Term Investments	17.9M	159.2M	224.1M	188.4M	145.7M	136.1M
Net Receivables	5.1M	6.9M	16.4M	10.0M	9.0M	9.8M
Common Stock Shares Outstanding	26.2M	27.3M	28.0M	31.5M	32.2M	30.1M
Liabilities And Stockholders Equity	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Non Current Liabilities Total	94.8M	29.0M	31.5M	32.8M	14.9M	14.2M
Capital Lease Obligations	8.0M	7.0M	5.9M	1.5M	5.9M	4.9M
Inventory	5.2M	4.6M	7.9M	12.5M	14.9M	8.9M
Other Current Assets	351K	300K	4.5M	4.7M	4.2M	2.6M
Other Stockholder Equity	(2.9M)	217.5M	315.2M	324.0M	334.7M	218.7M
Total Liab	100.8M	39.8M	46.3M	52.0M	37.5M	47.2M
Net Invested Capital	(48.4M)	153.9M	229.6M	15M	165.5M	87.1M
Property Plant And Equipment Gross	8.6M	7.1M	6.8M	7.0M	15.5M	10.1M
Total Current Assets	28.6M	171.0M	252.9M	215.6M	173.8M	157.5M
Accumulated Other Comprehensive Income	(65.6M)	(178.8M)	0.0	798K	1.4M	1.4M
Net Working Capital	22.5M	160.1M	238.1M	196.4M	151.2M	143.1M
Short Term Debt	1.1M	1.7M	1.3M	1.5M	2.0M	1.4M
Property Plant Equipment	8.6M	7.1M	6.8M	3.1M	2.8M	2.6M

Pair Trading with 908 Devices

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 908 Devices 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 908 Devices will appreciate offsetting losses from the drop in the long position's value.

Moving together with 908 Stock

0.67

VVOS

Vivos TherapeuticsInc

Pair Corr

Moving against 908 Stock

0.76	GCTK	GlucoTrack	Pair Corr
0.46	NXL	Nexalin Technology	Pair Corr
0.42	DYNT	Dynatronics Fiscal Year End 26th of September 2024	Pair Corr

The ability to find closely correlated positions to 908 Devices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 908 Devices 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 908 Devices - 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 908 Devices to buy it.

The correlation of 908 Devices 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 908 Devices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 908 Devices 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 908 Devices 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.

Pair Correlation Correlation Matching

When determining whether 908 Devices is a strong investment it is important to analyze 908 Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 908 Devices' future performance. For an informed investment choice regarding 908 Stock, refer to the following important reports:

How To Invest In 908

Details

Is 908 Stock a good investment?

Details

What is 908 Devices' Net Worth?

Details

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for 908 Stock analysis

When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.

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Is 908 Devices' 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 908 Devices. If investors know 908 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 908 Devices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.07)

Revenue Per Share

1.565

Quarterly Revenue Growth

0.053

Return On Assets

(0.13)

Return On Equity

(0.21)

The market value of 908 Devices is measured differently than its book value, which is the value of 908 that is recorded on the company's balance sheet. Investors also form their own opinion of 908 Devices' value that differs from its market value or its book value, called intrinsic value, which is 908 Devices' 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 908 Devices' market value can be influenced by many factors that don't directly affect 908 Devices' 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 908 Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if 908 Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 908 Devices' 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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908 Inventory vs Net Debt Analysis

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

Correlation Coefficient

Inventory

Net Debt

908 Devices fundamental ratios Correlations

908 Devices Account Relationship Matchups

High Positive Relationship

High Negative Relationship

908 Devices fundamental ratios Accounts

Pair Trading with 908 Devices

Moving together with 908 Stock

Moving against 908 Stock

Complementary Tools for 908 Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.99	Total Assets
Cash	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Retained Earnings	- 1.0	Current Deferred Revenue
Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.99	Total Assets
Accounts Payable	- 0.98	Net Debt