MakeMyTrip Accounts Payable vs Total Liab Analysis
MMYT Stock | USD 79.24 4.59 6.15% |
MakeMyTrip financial indicator trend analysis is infinitely more than just investigating MakeMyTrip Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MakeMyTrip Limited is a good investment. Please check the relationship between MakeMyTrip Accounts Payable and its Total Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MakeMyTrip Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MakeMyTrip Limited Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between MakeMyTrip's Accounts Payable and Total Liab is 0.58. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of MakeMyTrip Limited, assuming nothing else is changed. The correlation between historical values of MakeMyTrip's Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of MakeMyTrip Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., MakeMyTrip's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents MakeMyTrip obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of MakeMyTrip Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from MakeMyTrip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MakeMyTrip Limited 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 MakeMyTrip Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. At this time, MakeMyTrip's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 89.61 in 2024, whereas Tax Provision is likely to drop (922.3 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 26.3M | 46.7M | 53.7M | 56.4M | Depreciation And Amortization | 29.5M | 27.4M | 27.3M | 17.6M |
MakeMyTrip fundamental ratios Correlations
Click cells to compare fundamentals
MakeMyTrip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MakeMyTrip fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 105.2M | 106.8M | 108.5M | 111.1M | 118.2M | 72.0M | |
Total Assets | 1.1B | 1.3B | 1.3B | 1.4B | 1.7B | 902.9M | |
Short Long Term Debt Total | 25.6M | 204.0M | 216.6M | 235.2M | 221.6M | 232.7M | |
Other Current Liab | 71.8M | 104.6M | 72.4M | 69.2M | 81.3M | 44.0M | |
Total Current Liabilities | 179.9M | 194.2M | 191.2M | 453.7M | 297.6M | 171.5M | |
Total Stockholder Equity | 858.2M | 887.5M | 894.1M | 869.6M | 1.1B | 658.7M | |
Other Liab | 19.4M | 22.0M | 21.2M | 14.5M | 16.6M | 9.8M | |
Property Plant And Equipment Net | 36.0M | 22.2M | 19.3M | 25.4M | 25.9M | 15.6M | |
Current Deferred Revenue | 33.4M | 33.7M | 53.2M | 75.2M | 93.0M | 97.6M | |
Net Debt | (104.3M) | (91.1M) | 3.3M | (48.9M) | (105.4M) | (100.2M) | |
Retained Earnings | (1.1B) | (1.2B) | (1.2B) | (1.2B) | (1.0B) | (969.5M) | |
Accounts Payable | 70.7M | 53.6M | 62.8M | 89.8M | 118.5M | 66.1M | |
Cash | 129.9M | 295.1M | 213.3M | 284.0M | 327.1M | 343.4M | |
Non Current Assets Total | 804.2M | 807.8M | 731.4M | 687.9M | 802.8M | 543.7M | |
Non Currrent Assets Other | 131K | 88K | 18.8M | 24.6M | 22.2M | 23.3M | |
Other Assets | 36.9M | 29.0M | 18.8M | 24.6M | 28.3M | 24.4M | |
Long Term Debt | 698K | 201.6M | 213.8M | 15.7M | 18.0M | 17.1M | |
Cash And Short Term Investments | 167.7M | 424.9M | 477.5M | 481.1M | 606.8M | 637.1M | |
Net Receivables | 57.9M | 25.2M | 35.9M | 68.8M | 97.2M | 102.0M | |
Short Term Investments | 37.8M | 129.8M | 264.2M | 197.1M | 279.7M | 293.7M | |
Liabilities And Stockholders Equity | 1.1B | 1.3B | 1.3B | 1.4B | 1.7B | 902.9M | |
Non Current Liabilities Total | 41.0M | 223.6M | 235.1M | 30.1M | 246.1M | 258.4M | |
Inventory | 36K | 40K | 11K | 25K | 218K | 384.1K | |
Other Current Assets | 53.4M | 51.1M | 78.0M | 122.0M | 153.1M | 160.8M | |
Other Stockholder Equity | 2.1B | 2.1B | 2.1B | 2.1B | 2.2B | 1.2B | |
Total Liab | 220.9M | 417.8M | 426.3M | 483.8M | 543.7M | 570.8M | |
Property Plant And Equipment Gross | 36.0M | 22.2M | 47.5M | 54.0M | 62.2M | 65.3M | |
Total Current Assets | 279.0M | 501.2M | 591.4M | 671.9M | 857.3M | 900.1M | |
Accumulated Other Comprehensive Income | (115.5M) | 38.5M | 42.5M | 9.0M | (29.9M) | (28.4M) | |
Short Term Debt | 4.0M | 2.3M | 2.8M | 219.5M | 4.8M | 4.6M | |
Intangible Assets | 114.7M | 101.0M | 84.5M | 67.5M | 613.4M | 644.1M | |
Property Plant Equipment | 36.0M | 22.2M | 19.3M | 25.4M | 29.2M | 14.7M | |
Good Will | 607.2M | 619.9M | 601.2M | 561.5M | 645.7M | 492.6M | |
Net Tangible Assets | 136.2M | 166.6M | 208.5M | 240.6M | 276.7M | 216.9M | |
Long Term Investments | 9.3M | 35.8M | 7.6M | 9.0M | 8.1M | 7.7M | |
Short Long Term Debt | 333K | 2.3M | 2.8M | 219.5M | 252.4M | 265.1M |
Pair Trading with MakeMyTrip
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 MakeMyTrip 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 MakeMyTrip will appreciate offsetting losses from the drop in the long position's value.Moving together with MakeMyTrip Stock
0.62 | BH | Biglari Holdings | PairCorr |
0.77 | EM | Smart Share Global | PairCorr |
0.89 | SG | Sweetgreen Buyout Trend | PairCorr |
Moving against MakeMyTrip Stock
0.74 | EXPE | Expedia Group Sell-off Trend | PairCorr |
0.73 | EVRI | Everi Holdings | PairCorr |
0.6 | WW | WW International | PairCorr |
0.59 | BFI | Burgerfi International | PairCorr |
0.55 | BYD | Boyd Gaming | PairCorr |
The ability to find closely correlated positions to MakeMyTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MakeMyTrip 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 MakeMyTrip - 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 MakeMyTrip Limited to buy it.
The correlation of MakeMyTrip 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 MakeMyTrip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MakeMyTrip Limited 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 MakeMyTrip 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 MakeMyTrip Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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When running MakeMyTrip's price analysis, check to measure MakeMyTrip'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 MakeMyTrip is operating at the current time. Most of MakeMyTrip's value examination focuses on studying past and present price action to predict the probability of MakeMyTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MakeMyTrip's price. Additionally, you may evaluate how the addition of MakeMyTrip to your portfolios can decrease your overall portfolio volatility.
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Is MakeMyTrip'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 MakeMyTrip. If investors know MakeMyTrip 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 MakeMyTrip 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 23.462 | Earnings Share 1.74 | Revenue Per Share 7.044 | Quarterly Revenue Growth 0.366 | Return On Assets 0.0312 |
The market value of MakeMyTrip Limited is measured differently than its book value, which is the value of MakeMyTrip that is recorded on the company's balance sheet. Investors also form their own opinion of MakeMyTrip's value that differs from its market value or its book value, called intrinsic value, which is MakeMyTrip'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 MakeMyTrip's market value can be influenced by many factors that don't directly affect MakeMyTrip'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 MakeMyTrip's value and its price as these two are different measures arrived at by different means. Investors typically determine if MakeMyTrip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MakeMyTrip'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.