Magnite Treasury Stock vs Net Receivables Analysis

MGNI Stock  USD 11.75  0.24  2.00%   
Magnite financial indicator trend analysis is infinitely more than just investigating Magnite recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnite is a good investment. Please check the relationship between Magnite Treasury Stock and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnite. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.

Treasury Stock vs Net Receivables

Treasury Stock vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magnite Treasury Stock account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Magnite's Treasury Stock and Net Receivables is 0.7. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Magnite, assuming nothing else is changed. The correlation between historical values of Magnite's Treasury Stock 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 Treasury Stock of Magnite 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 Treasury Stock i.e., Magnite's Treasury Stock and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Treasury Stock

Net Receivables

Most indicators from Magnite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnite 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 Magnite. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.As of now, Magnite's Sales General And Administrative To Revenue is decreasing as compared to previous years. The Magnite's current Enterprise Value Over EBITDA is estimated to increase to 16.91, while Selling General Administrative is projected to decrease to under 57 M.
 2021 2022 2023 2024 (projected)
Gross Profit266.8M269.9M180.9M149.0M
Total Revenue468.4M577.1M619.7M650.7M

Magnite fundamental ratios Correlations

0.970.740.980.980.97-0.220.9-0.870.980.960.990.450.930.990.990.890.970.850.981.00.910.990.980.740.18
0.970.670.920.940.93-0.180.97-0.780.920.890.990.390.860.930.970.871.00.810.910.970.820.930.940.810.18
0.740.670.770.730.73-0.620.5-0.680.770.870.670.60.90.760.740.580.660.630.750.740.770.80.790.30.2
0.980.920.770.930.95-0.320.82-0.921.00.960.940.420.931.00.980.850.910.80.980.990.971.00.970.610.19
0.980.940.730.930.96-0.090.86-0.810.930.940.970.530.930.950.940.910.940.90.960.960.850.950.970.810.18
0.970.930.730.950.96-0.180.84-0.920.950.940.950.440.930.960.930.920.920.90.990.960.890.960.990.730.24
-0.22-0.18-0.62-0.32-0.09-0.18-0.070.33-0.32-0.38-0.13-0.03-0.38-0.28-0.30.01-0.170.0-0.2-0.26-0.42-0.31-0.250.37-0.05
0.90.970.50.820.860.84-0.07-0.670.820.760.950.290.710.840.90.810.970.730.810.90.70.820.840.850.19
-0.87-0.78-0.68-0.92-0.81-0.920.33-0.67-0.92-0.87-0.81-0.3-0.84-0.92-0.85-0.82-0.77-0.78-0.94-0.88-0.93-0.91-0.91-0.47-0.25
0.980.920.771.00.930.95-0.320.82-0.920.960.940.420.931.00.980.840.910.80.980.990.971.00.970.60.19
0.960.890.870.960.940.94-0.380.76-0.870.960.910.480.990.960.940.820.890.830.960.950.930.980.960.590.11
0.990.990.670.940.970.95-0.130.95-0.810.940.910.430.880.950.970.890.990.850.940.980.850.950.960.820.18
0.450.390.60.420.530.44-0.030.29-0.30.420.480.430.540.420.390.460.380.50.460.410.360.450.490.410.22
0.930.860.90.930.930.93-0.380.71-0.840.930.990.880.540.930.910.790.840.820.940.920.90.950.940.560.13
0.990.930.761.00.950.96-0.280.84-0.921.00.960.950.420.930.980.860.920.820.980.990.961.00.970.640.19
0.990.970.740.980.940.93-0.30.9-0.850.980.940.970.390.910.980.840.960.780.941.00.930.980.960.670.18
0.890.870.580.850.910.920.010.81-0.820.840.820.890.460.790.860.840.860.960.90.870.740.860.890.790.25
0.971.00.660.910.940.92-0.170.97-0.770.910.890.990.380.840.920.960.860.80.90.970.810.920.930.820.16
0.850.810.630.80.90.90.00.73-0.780.80.830.850.50.820.820.780.960.80.890.820.70.830.860.760.12
0.980.910.750.980.960.99-0.20.81-0.940.980.960.940.460.940.980.940.90.90.890.970.930.980.990.690.2
1.00.970.740.990.960.96-0.260.9-0.880.990.950.980.410.920.991.00.870.970.820.970.930.990.970.70.18
0.910.820.770.970.850.89-0.420.7-0.930.970.930.850.360.90.960.930.740.810.70.930.930.960.920.430.2
0.990.930.81.00.950.96-0.310.82-0.911.00.980.950.450.951.00.980.860.920.830.980.990.960.980.630.18
0.980.940.790.970.970.99-0.250.84-0.910.970.960.960.490.940.970.960.890.930.860.990.970.920.980.710.3
0.740.810.30.610.810.730.370.85-0.470.60.590.820.410.560.640.670.790.820.760.690.70.430.630.710.13
0.180.180.20.190.180.24-0.050.19-0.250.190.110.180.220.130.190.180.250.160.120.20.180.20.180.30.13
Click cells to compare fundamentals

Magnite Account Relationship Matchups

Magnite fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets395.1M939.0M2.7B2.7B2.7B2.8B
Other Current Liab778K3.1M5.7M23.3M21.0M22.1M
Total Current Liabilities267.5M522.2M1.0B1.1B1.4B1.5B
Total Stockholder Equity111.9M381.6M880.8M791.3M701.7M736.8M
Property Plant And Equipment Net45.2M63.3M111.1M123.2M107.9M113.3M
Net Debt(66.4M)(75.6M)578.9M487.6M280.2M294.2M
Retained Earnings(341.1M)(394.5M)(394.5M)(524.8M)(684.0M)(649.8M)
Accounts Payable252.7M496.9M983.1M1.1B1.4B1.4B
Cash88.9M117.7M230.4M326.3M326.5M342.8M
Non Current Assets Total82.1M331.9M1.5B1.4B1.2B1.2B
Non Currrent Assets Other2.1M4.4M6.9M7.4M7.2M5.0M
Cash And Short Term Investments88.9M117.7M230.4M326.3M326.5M342.8M
Net Receivables217.6M471.7M927.8M976.5M1.2B1.2B
Common Stock Shares Outstanding52.6M96.7M136.3M132.9M136.6M72.8M
Liabilities And Stockholders Equity395.1M939.0M2.7B2.7B2.7B2.8B
Non Current Liabilities Total15.7M35.1M802.5M795.9M585.0M614.2M
Other Current Assets6.6M17.7M19.9M23.5M19.8M11.7M
Other Stockholder Equity453.1M777.1M1.3B1.3B1.4B1.5B
Total Liab283.2M557.3M1.8B1.9B2.0B2.1B
Property Plant And Equipment Gross45.2M63.3M111.1M123.2M224.4M235.6M
Total Current Assets313.1M607.1M1.2B1.3B1.5B1.6B
Accumulated Other Comprehensive Income(45K)(957K)(1.4M)(3.2M)(2.1M)(2.0M)
Intangible Assets27.4M106.0M446.7M277.2M72.9M94.3M
Other Assets2.1M60.2M6.9M7.4M8.5M13.9M
Capital Surpluse433.9M453.1M1.3B1.3B1.5B1.6B
Property Plant Equipment45.2M63.3M20.1M23.7M21.3M29.5M
Other Liab454K2.9M16.0M6.8M7.8M4.8M
Net Tangible Assets77.1M117.4M(515.7M)(440.4M)(396.4M)(376.6M)
Non Current Liabilities Other454K2.7M69.1M68.1M1.7M1.6M
Net Invested Capital111.9M381.6M1.6B1.5B1.2B807.2M
Net Working Capital45.6M84.9M148.7M201.2M120.9M117.6M

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When determining whether Magnite offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magnite'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 Magnite Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnite Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnite. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Magnite'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 Magnite. If investors know Magnite 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 Magnite 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
(0.93)
Earnings Share
(0.57)
Revenue Per Share
4.637
Quarterly Revenue Growth
0.147
Return On Assets
(0.02)
The market value of Magnite is measured differently than its book value, which is the value of Magnite that is recorded on the company's balance sheet. Investors also form their own opinion of Magnite's value that differs from its market value or its book value, called intrinsic value, which is Magnite'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 Magnite's market value can be influenced by many factors that don't directly affect Magnite'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 Magnite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnite'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.