Magic Net Receivables vs Total Assets Analysis

MGIC Stock

USD 10.63 0.07 0.65%

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

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magic Software Enter Net Receivables account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Magic Software's Net Receivables and Total Assets is 0.98. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Magic Software Enterprises, assuming nothing else is changed. The correlation between historical values of Magic Software's Net Receivables and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Magic Software Enterprises are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Magic Software's Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Assets

Total assets refers to the total amount of Magic Software assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Magic Software Enter books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

At present, Magic Software's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 8.56, whereas Tax Provision is forecasted to decline to about 8.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	133.0M	155.4M	145.0M	152.2M
Total Revenue	480.3M	566.8M	535.1M	561.8M

Gross Profit Total Revenue

Magic Software fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	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 Long Term Debt Total	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Current Deferred Revenue
Total Assets		0.93	0.93	0.96	0.87	0.29	0.89	0.93	0.94	0.99	0.07	0.88	0.98	0.69	0.95	-0.15	0.73	0.64	0.96	0.99	0.91	0.89	0.79	0.83	0.83	0.53
Other Current Liab	0.93		0.99	0.82	0.94	0.55	0.93	0.97	0.81	0.96	-0.16	0.68	0.93	0.52	0.93	-0.14	0.83	0.4	0.98	0.89	0.96	0.96	0.63	0.68	0.7	0.66
Total Current Liabilities	0.93	0.99		0.81	0.94	0.57	0.95	0.98	0.82	0.95	-0.14	0.69	0.94	0.48	0.94	-0.11	0.85	0.37	0.99	0.9	0.97	0.98	0.59	0.66	0.7	0.71
Total Stockholder Equity	0.96	0.82	0.81		0.74	0.01	0.77	0.81	0.97	0.93	0.18	0.95	0.92	0.82	0.84	-0.22	0.61	0.8	0.84	0.97	0.77	0.75	0.85	0.92	0.79	0.31
Property Plant And Equipment Net	0.87	0.94	0.94	0.74		0.59	0.88	0.91	0.71	0.91	-0.14	0.56	0.9	0.4	0.89	-0.1	0.89	0.29	0.94	0.81	0.9	0.93	0.52	0.57	0.77	0.77
Net Debt	0.29	0.55	0.57	0.01	0.59		0.57	0.56	0.05	0.36	-0.41	-0.12	0.35	-0.34	0.49	0.13	0.58	-0.48	0.55	0.2	0.62	0.63	-0.1	-0.16	0.2	0.81
Retained Earnings	0.89	0.93	0.95	0.77	0.88	0.57		0.95	0.81	0.89	-0.16	0.7	0.89	0.37	0.91	-0.21	0.79	0.28	0.95	0.87	0.97	0.96	0.51	0.6	0.63	0.75
Accounts Payable	0.93	0.97	0.98	0.81	0.91	0.56	0.95		0.82	0.93	-0.06	0.71	0.94	0.47	0.93	-0.14	0.8	0.37	0.98	0.91	0.96	0.97	0.58	0.65	0.7	0.69
Cash	0.94	0.81	0.82	0.97	0.71	0.05	0.81	0.82		0.91	0.1	0.97	0.88	0.73	0.86	-0.12	0.6	0.72	0.85	0.96	0.81	0.78	0.79	0.88	0.74	0.36
Non Current Assets Total	0.99	0.96	0.95	0.93	0.91	0.36	0.89	0.93	0.91		0.0	0.82	0.98	0.66	0.97	-0.13	0.77	0.59	0.97	0.96	0.92	0.9	0.78	0.8	0.84	0.56
Non Currrent Assets Other	0.07	-0.16	-0.14	0.18	-0.14	-0.41	-0.16	-0.06	0.1	0.0		0.25	0.1	0.24	-0.02	-0.02	-0.16	0.39	-0.09	0.15	-0.16	-0.15	0.19	0.19	0.24	-0.23
Cash And Short Term Investments	0.88	0.68	0.69	0.95	0.56	-0.12	0.7	0.71	0.97	0.82	0.25		0.81	0.76	0.76	-0.15	0.46	0.79	0.73	0.92	0.69	0.65	0.79	0.89	0.69	0.22
Net Receivables	0.98	0.93	0.94	0.92	0.9	0.35	0.89	0.94	0.88	0.98	0.1	0.81		0.65	0.94	-0.22	0.74	0.6	0.95	0.97	0.89	0.89	0.76	0.78	0.84	0.58
Common Stock Shares Outstanding	0.69	0.52	0.48	0.82	0.4	-0.34	0.37	0.47	0.73	0.66	0.24	0.76	0.65		0.5	-0.26	0.26	0.96	0.49	0.71	0.38	0.36	0.9	0.95	0.55	-0.18
Non Current Liabilities Total	0.95	0.93	0.94	0.84	0.89	0.49	0.91	0.93	0.86	0.97	-0.02	0.76	0.94	0.5		0.01	0.75	0.44	0.98	0.92	0.96	0.91	0.71	0.68	0.86	0.69
Inventory	-0.15	-0.14	-0.11	-0.22	-0.1	0.13	-0.21	-0.14	-0.12	-0.13	-0.02	-0.15	-0.22	-0.26	0.01		-0.01	-0.26	-0.06	-0.18	-0.01	-0.07	-0.19	-0.22	0.07	0.13
Other Current Assets	0.73	0.83	0.85	0.61	0.89	0.58	0.79	0.8	0.6	0.77	-0.16	0.46	0.74	0.26	0.75	-0.01		0.16	0.82	0.68	0.81	0.87	0.29	0.45	0.59	0.77
Other Stockholder Equity	0.64	0.4	0.37	0.8	0.29	-0.48	0.28	0.37	0.72	0.59	0.39	0.79	0.6	0.96	0.44	-0.26	0.16		0.41	0.68	0.28	0.26	0.88	0.91	0.58	-0.24
Total Liab	0.96	0.98	0.99	0.84	0.94	0.55	0.95	0.98	0.85	0.97	-0.09	0.73	0.95	0.49	0.98	-0.06	0.82	0.41		0.92	0.98	0.97	0.65	0.68	0.78	0.71
Total Current Assets	0.99	0.89	0.9	0.97	0.81	0.2	0.87	0.91	0.96	0.96	0.15	0.92	0.97	0.71	0.92	-0.18	0.68	0.68	0.92		0.87	0.86	0.79	0.86	0.81	0.48
Short Long Term Debt Total	0.91	0.96	0.97	0.77	0.9	0.62	0.97	0.96	0.81	0.92	-0.16	0.69	0.89	0.38	0.96	-0.01	0.81	0.28	0.98	0.87		0.98	0.56	0.6	0.7	0.76
Short Term Debt	0.89	0.96	0.98	0.75	0.93	0.63	0.96	0.97	0.78	0.9	-0.15	0.65	0.89	0.36	0.91	-0.07	0.87	0.26	0.97	0.86	0.98		0.48	0.58	0.65	0.78
Intangible Assets	0.79	0.63	0.59	0.85	0.52	-0.1	0.51	0.58	0.79	0.78	0.19	0.79	0.76	0.9	0.71	-0.19	0.29	0.88	0.65	0.79	0.56	0.48		0.89	0.74	0.03
Common Stock	0.83	0.68	0.66	0.92	0.57	-0.16	0.6	0.65	0.88	0.8	0.19	0.89	0.78	0.95	0.68	-0.22	0.45	0.91	0.68	0.86	0.6	0.58	0.89		0.65	0.07
Other Liab	0.83	0.7	0.7	0.79	0.77	0.2	0.63	0.7	0.74	0.84	0.24	0.69	0.84	0.55	0.86	0.07	0.59	0.58	0.78	0.81	0.7	0.65	0.74	0.65		0.52
Current Deferred Revenue	0.53	0.66	0.71	0.31	0.77	0.81	0.75	0.69	0.36	0.56	-0.23	0.22	0.58	-0.18	0.69	0.13	0.77	-0.24	0.71	0.48	0.76	0.78	0.03	0.07	0.52

Click cells to compare fundamentals

Magic Software Account Relationship Matchups

Magic Software fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	407.5M	443.3M	492.0M	511.0M	522.4M	548.5M
Other Current Liab	36.3M	46.8M	51.8M	68.9M	68.1M	71.5M
Total Current Liabilities	66.9M	84.8M	106.3M	132.6M	141.7M	148.8M
Total Stockholder Equity	247.8M	260.4M	265.2M	263.7M	266.0M	279.3M
Property Plant And Equipment Net	18.6M	30.5M	30.2M	36.5M	33.7M	35.4M
Net Debt	(44.3M)	(38.7M)	(26.0M)	(3.3M)	1.0M	1.1M
Retained Earnings	28.4M	39.7M	43.2M	86.3M	92.5M	97.1M
Accounts Payable	11.0M	14.3M	24.7M	27.6M	28.4M	29.8M
Cash	81.9M	88.1M	88.1M	83.1M	105.9M	111.2M
Non Current Assets Total	202.4M	232.1M	245.3M	260.0M	265.8M	279.1M
Non Currrent Assets Other	4.0M	4.7M	3.6M	2.3M	(1.0)	(0.95)
Cash And Short Term Investments	95.5M	89.7M	94.8M	87.0M	106.7M	112.0M
Net Receivables	109.5M	121.6M	152.0M	164.0M	139.6M	146.5M
Common Stock Shares Outstanding	49.0M	49.0M	49.1M	49.1M	49.1M	35.1M
Liabilities And Stockholders Equity	407.5M	443.3M	492.0M	511.0M	522.4M	548.5M
Non Current Liabilities Total	54.0M	64.5M	79.7M	73.1M	89.8M	94.3M
Inventory	(3.7M)	(1.1M)	(1.2M)	1.0	(6.9M)	1.05
Other Current Assets	7.6M	6.9M	7.4M	6.9M	10.4M	10.9M
Other Stockholder Equity	218.6M	211.7M	211.5M	182.8M	182.6M	126.9M
Total Liab	120.9M	149.3M	185.9M	205.7M	231.5M	243.0M
Total Current Assets	205.1M	211.2M	246.8M	251.0M	256.6M	269.5M
Short Long Term Debt Total	37.6M	49.4M	62.1M	79.8M	107.0M	112.3M
Short Term Debt	10.9M	14.9M	19.0M	25.2M	31.6M	33.2M
Intangible Assets	51.1M	53.4M	51.4M	52.1M	50.7M	36.0M
Common Stock	1.2M	1.2M	1.2M	1.2M	1.3M	995.2K
Accumulated Other Comprehensive Income	(324K)	7.8M	9.3M	(6.6M)	(10.3M)	(9.8M)
Other Liab	24.5M	34.1M	36.6M	18.5M	21.3M	22.3M
Current Deferred Revenue	8.7M	8.8M	10.8M	10.9M	13.5M	14.2M
Other Assets	12.1M	16.6M	16.9M	13.3M	15.3M	16.1M
Long Term Debt	15.5M	13.4M	22.2M	30.4M	52.3M	54.9M
Good Will	117.7M	135.7M	146.8M	158.7M	166.1M	174.4M
Property Plant Equipment	18.3M	30.3M	30.2M	36.5M	42.0M	44.1M
Common Stock Total Equity	1.0M	1.2M	1.2M	1.2M	1.3M	1.0M
Property Plant And Equipment Gross	18.6M	30.5M	30.2M	36.5M	49.2M	51.6M
Short Term Investments	13.6M	1.5M	6.7M	3.9M	751K	713.5K
Net Tangible Assets	78.7M	71.2M	67.1M	53.5M	48.1M	57.4M
Short Long Term Debt	7.1M	11.5M	15.0M	20.7M	28.9M	30.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

V	Visa Class A
BAC	Bank of America
GM	General Motors

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

How To Invest In Magic

Details

Is Magic Stock a good investment?

Details

What is Magic Software's Net Worth?

Details

Largest Application Software Companies

View

Largest Information Technology Services Companies

View

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

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Magic Stock analysis

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

	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
	Commodity Directory Find actively traded commodities issued by global exchanges

Is Magic Software'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 Magic Software. If investors know Magic 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 Magic Software 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

(0.10)

Earnings Share

0.72

Revenue Per Share

10.659

Quarterly Revenue Growth

(0.08)

Return On Assets

0.0673

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Magic Net Receivables vs Total Assets Analysis

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Assets

Magic Software fundamental ratios Correlations

Magic Software Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magic Software fundamental ratios Accounts

Also Currently Popular

Complementary Tools for Magic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Total Liab	+ 0.99	Total Current Liabilities
Net Receivables	+ 0.98	Total Assets
Total Liab	+ 0.98	Other Current Liab

Other Stockholder Equity	- 0.48	Net Debt
Non Currrent Assets Other	- 0.41	Net Debt
Common Stock Shares Outstanding	- 0.34	Net Debt
Other Stockholder Equity	- 0.26	Inventory
Inventory	- 0.26	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.24	Other Stockholder Equity