Miller Total Current Assets vs Total Stockholder Equity Analysis

MLR Stock

USD 49.08 0.08 0.16%

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

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

Total Current Assets vs Total Stockholder Equity

Total Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Miller Industries Total Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Miller Industries' Total Current Assets and Total Stockholder Equity is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Miller Industries, assuming nothing else is changed. The correlation between historical values of Miller Industries' Total Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Miller Industries are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Assets i.e., Miller Industries' Total Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.At this time, Miller Industries' Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/29/2024, Enterprise Value Multiple is likely to grow to 8.50, while Selling General Administrative is likely to drop slightly above 1.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	3.4M	6.0M	4.3M
Depreciation And Amortization	11.0M	11.8M	13.2M	7.2M

Interest Expense Depreciation And Amortization

Miller Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Other Assets
Total Assets		0.84	0.82	0.98	0.97	0.93	0.5	0.96	0.98	0.1	0.82	-0.2	0.24	0.98	0.49	0.87	0.98	-0.25	0.55	0.97	0.97	1.0	-0.51	0.62	-0.2	-0.45
Short Long Term Debt Total	0.84		0.56	0.86	0.71	0.68	0.79	0.78	0.86	-0.22	0.54	-0.31	-0.08	0.85	0.18	0.99	0.91	-0.34	0.23	0.92	0.88	0.86	-0.39	0.38	0.15	-0.18
Other Current Liab	0.82	0.56		0.79	0.85	0.83	0.28	0.76	0.78	0.22	0.92	-0.3	0.31	0.79	0.64	0.6	0.76	-0.26	0.67	0.75	0.71	0.8	-0.43	0.47	-0.45	-0.59
Total Current Liabilities	0.98	0.86	0.79		0.92	0.88	0.57	0.93	1.0	-0.02	0.76	-0.13	0.14	0.99	0.4	0.89	0.97	-0.23	0.46	0.99	0.97	0.99	-0.47	0.57	-0.1	-0.37
Total Stockholder Equity	0.97	0.71	0.85	0.92		0.95	0.33	0.94	0.92	0.28	0.87	-0.21	0.39	0.93	0.6	0.76	0.92	-0.24	0.65	0.9	0.91	0.96	-0.51	0.68	-0.36	-0.55
Property Plant And Equipment Net	0.93	0.68	0.83	0.88	0.95		0.38	0.95	0.88	0.12	0.93	-0.28	0.28	0.88	0.46	0.74	0.88	-0.34	0.51	0.86	0.88	0.9	-0.65	0.54	-0.26	-0.41
Net Debt	0.5	0.79	0.28	0.57	0.33	0.38		0.47	0.57	-0.56	0.25	-0.15	-0.66	0.56	-0.13	0.8	0.6	0.01	-0.13	0.65	0.62	0.52	-0.52	0.05	0.43	0.12
Retained Earnings	0.96	0.78	0.76	0.93	0.94	0.95	0.47		0.93	0.05	0.85	-0.2	0.24	0.92	0.29	0.82	0.94	-0.32	0.35	0.92	0.94	0.94	-0.63	0.44	-0.03	-0.24
Accounts Payable	0.98	0.86	0.78	1.0	0.92	0.88	0.57	0.93		-0.03	0.76	-0.12	0.14	0.99	0.39	0.89	0.97	-0.24	0.45	0.99	0.97	0.98	-0.47	0.55	-0.08	-0.36
Cash	0.1	-0.22	0.22	-0.02	0.28	0.12	-0.56	0.05	-0.03		0.2	-0.18	0.73	-0.04	0.65	-0.19	0.03	0.16	0.62	-0.08	-0.05	0.1	0.11	0.46	-0.69	-0.59
Non Current Assets Total	0.82	0.54	0.92	0.76	0.87	0.93	0.25	0.85	0.76	0.2		-0.32	0.35	0.76	0.49	0.59	0.76	-0.36	0.53	0.73	0.74	0.78	-0.6	0.37	-0.33	-0.44
Non Currrent Assets Other	-0.2	-0.31	-0.3	-0.13	-0.21	-0.28	-0.15	-0.2	-0.12	-0.18	-0.32		-0.19	-0.09	-0.15	-0.29	-0.28	0.65	-0.16	-0.18	-0.06	-0.18	0.15	-0.08	0.21	0.15
Cash And Short Term Investments	0.24	-0.08	0.31	0.14	0.39	0.28	-0.66	0.24	0.14	0.73	0.35	-0.19		0.15	0.48	-0.07	0.16	-0.41	0.54	0.08	0.09	0.23	0.28	0.38	-0.57	-0.45
Net Receivables	0.98	0.85	0.79	0.99	0.93	0.88	0.56	0.92	0.99	-0.04	0.76	-0.09	0.15		0.43	0.88	0.96	-0.22	0.49	0.98	0.97	0.98	-0.45	0.59	-0.13	-0.4
Common Stock Shares Outstanding	0.49	0.18	0.64	0.4	0.6	0.46	-0.13	0.29	0.39	0.65	0.49	-0.15	0.48	0.43		0.19	0.38	0.12	0.99	0.35	0.33	0.49	-0.01	0.84	-0.92	-0.97
Non Current Liabilities Total	0.87	0.99	0.6	0.89	0.76	0.74	0.8	0.82	0.89	-0.19	0.59	-0.29	-0.07	0.88	0.19		0.94	-0.3	0.24	0.95	0.92	0.89	-0.46	0.4	0.14	-0.19
Inventory	0.98	0.91	0.76	0.97	0.92	0.88	0.6	0.94	0.97	0.03	0.76	-0.28	0.16	0.96	0.38	0.94		-0.3	0.43	0.99	0.96	0.98	-0.51	0.54	-0.07	-0.35
Other Current Assets	-0.25	-0.34	-0.26	-0.23	-0.24	-0.34	0.01	-0.32	-0.24	0.16	-0.36	0.65	-0.41	-0.22	0.12	-0.3	-0.3		0.02	-0.25	-0.17	-0.23	-0.06	0.07	-0.04	-0.09
Other Stockholder Equity	0.55	0.23	0.67	0.46	0.65	0.51	-0.13	0.35	0.45	0.62	0.53	-0.16	0.54	0.49	0.99	0.24	0.43	0.02		0.41	0.38	0.54	0.01	0.87	-0.91	-0.97
Total Liab	0.97	0.92	0.75	0.99	0.9	0.86	0.65	0.92	0.99	-0.08	0.73	-0.18	0.08	0.98	0.35	0.95	0.99	-0.25	0.41		0.98	0.98	-0.48	0.53	-0.03	-0.33
Property Plant And Equipment Gross	0.97	0.88	0.71	0.97	0.91	0.88	0.62	0.94	0.97	-0.05	0.74	-0.06	0.09	0.97	0.33	0.92	0.96	-0.17	0.38	0.98		0.97	-0.55	0.52	0.0	-0.3
Total Current Assets	1.0	0.86	0.8	0.99	0.96	0.9	0.52	0.94	0.98	0.1	0.78	-0.18	0.23	0.98	0.49	0.89	0.98	-0.23	0.54	0.98	0.97		-0.46	0.63	-0.19	-0.46
Short Term Debt	-0.51	-0.39	-0.43	-0.47	-0.51	-0.65	-0.52	-0.63	-0.47	0.11	-0.6	0.15	0.28	-0.45	-0.01	-0.46	-0.51	-0.06	0.01	-0.48	-0.55	-0.46		-0.05	-0.15	-0.05
Intangible Assets	0.62	0.38	0.47	0.57	0.68	0.54	0.05	0.44	0.55	0.46	0.37	-0.08	0.38	0.59	0.84	0.4	0.54	0.07	0.87	0.53	0.52	0.63	-0.05		-0.72	-0.83
Good Will	-0.2	0.15	-0.45	-0.1	-0.36	-0.26	0.43	-0.03	-0.08	-0.69	-0.33	0.21	-0.57	-0.13	-0.92	0.14	-0.07	-0.04	-0.91	-0.03	0.0	-0.19	-0.15	-0.72		0.9
Other Assets	-0.45	-0.18	-0.59	-0.37	-0.55	-0.41	0.12	-0.24	-0.36	-0.59	-0.44	0.15	-0.45	-0.4	-0.97	-0.19	-0.35	-0.09	-0.97	-0.33	-0.3	-0.46	-0.05	-0.83	0.9

Click cells to compare fundamentals

Miller Industries Account Relationship Matchups

Miller Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	392.0M	398.4M	438.8M	501.4M	654.1M	686.8M
Short Long Term Debt Total	7.1M	1.5M	1.2M	45.9M	60.8M	63.9M
Other Current Liab	27.5M	24.5M	24.6M	30.1M	36.5M	22.3M
Total Current Liabilities	124.3M	110.7M	144.3M	156.1M	234.7M	246.4M
Total Stockholder Equity	257.9M	282.5M	288.5M	293.5M	347.9M	365.3M
Property Plant And Equipment Net	92.4M	100.1M	97.7M	113.1M	115.9M	121.7M
Net Debt	(19.0M)	(56.0M)	(53.1M)	5.8M	30.9M	32.5M
Retained Earnings	112.3M	133.9M	141.9M	150.1M	200.2M	210.2M
Accounts Payable	95.8M	85.5M	119.0M	125.5M	191.8M	201.4M
Cash	26.1M	57.5M	54.3M	40.2M	29.9M	27.4M
Non Current Assets Total	104.5M	112.1M	109.9M	125.4M	143.6M	82.4M
Non Currrent Assets Other	521K	434K	533K	(5.5M)	819K	778.1K
Cash And Short Term Investments	26.1M	57.5M	54.3M	40.2M	29.9M	25.8M
Net Receivables	168.6M	141.6M	154.0M	177.7M	286.1M	300.4M
Common Stock Shares Outstanding	11.4M	11.4M	11.4M	11.4M	11.5M	11.5M
Liabilities And Stockholders Equity	392.0M	398.4M	438.8M	501.4M	654.1M	686.8M
Non Current Liabilities Total	9.8M	5.3M	6.0M	51.8M	71.5M	75.0M
Inventory	88.0M	83.9M	114.9M	153.7M	189.8M	199.3M
Other Current Assets	4.8M	3.2M	5.8M	(35.6M)	4.6M	8.0M
Other Stockholder Equity	151.1M	151.2M	151.4M	152.4M	153.6M	156.9M
Total Liab	134.0M	116.0M	150.3M	208.0M	306.2M	321.5M
Property Plant And Equipment Gross	92.4M	100.1M	97.7M	113.1M	218.4M	229.3M
Total Current Assets	287.5M	286.3M	329.0M	376.0M	510.5M	536.0M
Accumulated Other Comprehensive Income	(5.5M)	(2.8M)	(4.9M)	(9.2M)	(5.9M)	(6.2M)
Short Term Debt	719K	375K	376K	311K	320K	304K
Other Assets	521K	1.9M	533K	708K	637.2K	605.3K
Long Term Debt	10.2M	15.5M	5.0M	45M	60M	63M
Property Plant Equipment	90.7M	98.6M	96.5M	112.1M	129.0M	135.4M
Other Liab	3.4M	4.1M	5.2M	6.2M	7.2M	4.0M
Net Tangible Assets	246.3M	270.8M	276.9M	281.8M	324.1M	221.2M
Retained Earnings Total Equity	112.3M	133.9M	141.9M	150.1M	172.6M	181.3M
Capital Surpluse	151.1M	151.2M	151.4M	152.4M	175.3M	165.3M
Deferred Long Term Liab	3.4M	4.1M	5.2M	6.2M	7.2M	7.5M
Long Term Debt Total	5.0M	15K	0.0	45M	51.8M	54.3M

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When determining whether Miller Industries is a strong investment it is important to analyze Miller Industries' 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 Miller Industries' future performance. For an informed investment choice regarding Miller Stock, refer to the following important reports:

How To Invest In Miller

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Is Miller Stock a good investment?

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What is Miller Industries' Net Worth?

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Largest Capital Goods Companies

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Largest Consumer Cyclical Companies

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

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Miller Stock analysis

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

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Is Miller Industries' 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 Miller Industries. If investors know Miller 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 Miller Industries 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

0.793

Dividend Share

0.72

Earnings Share

5.07

Revenue Per Share

100.827

Quarterly Revenue Growth

0.312

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

Total Current Assets vs Total Stockholder Equity

Total Current Assets vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Total Current Assets

Total Stockholder Equity

Miller Industries fundamental ratios Correlations

Miller Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Miller Industries fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Miller Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Net Receivables	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities

Other Assets	- 0.97	Other Stockholder Equity
Other Assets	- 0.97	Common Stock Shares Outstanding
Good Will	- 0.92	Common Stock Shares Outstanding
Good Will	- 0.91	Other Stockholder Equity
Other Assets	- 0.83	Intangible Assets
Good Will	- 0.72	Intangible Assets