MakeMyTrip Net Receivables vs Accounts Payable 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 Net Receivables and its Accounts Payable 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.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MakeMyTrip Limited Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between MakeMyTrip's Net Receivables and Accounts Payable is 0.58. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable 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 Net Receivables and Accounts Payable 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 MakeMyTrip Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., MakeMyTrip's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

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.

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

Interest Expense Depreciation And Amortization

MakeMyTrip fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.86	0.47	0.93	0.79	0.77	0.75	0.81	0.7	-0.54	-0.91	0.47	0.82	0.74	0.33	0.49	0.23	0.77	0.62	0.95	0.64	0.41	-0.65	0.47	0.95	0.69
Total Assets	0.86		0.29	0.86	0.69	0.97	0.47	0.64	0.73	-0.65	-0.71	0.38	0.73	0.96	0.37	0.77	0.11	0.71	0.61	0.96	0.61	0.27	-0.65	0.27	0.95	0.55
Short Long Term Debt Total	0.47	0.29		0.43	0.58	0.09	0.54	0.42	0.43	0.28	-0.67	0.49	0.72	0.08	0.67	0.0	0.62	0.77	0.41	0.37	0.75	0.86	-0.55	0.72	0.37	0.92
Other Current Liab	0.93	0.86	0.43		0.69	0.79	0.78	0.8	0.66	-0.58	-0.89	0.26	0.81	0.78	0.22	0.55	0.27	0.72	0.49	0.94	0.53	0.41	-0.66	0.38	0.94	0.63
Total Current Liabilities	0.79	0.69	0.58	0.69		0.56	0.52	0.68	0.7	-0.3	-0.76	0.55	0.75	0.51	0.61	0.33	0.06	0.72	0.63	0.75	0.61	0.25	-0.58	0.56	0.74	0.72
Total Stockholder Equity	0.77	0.97	0.09	0.79	0.56		0.34	0.54	0.68	-0.75	-0.58	0.25	0.61	0.99	0.26	0.82	-0.03	0.59	0.56	0.89	0.49	0.11	-0.56	0.13	0.9	0.38
Other Liab	0.75	0.47	0.54	0.78	0.52	0.34		0.79	0.34	-0.19	-0.86	0.33	0.63	0.34	0.07	0.07	0.46	0.55	0.29	0.68	0.39	0.54	-0.65	0.49	0.67	0.62
Property Plant And Equipment Net	0.81	0.64	0.42	0.8	0.68	0.54	0.79		0.49	-0.35	-0.86	0.44	0.64	0.56	0.19	0.47	0.14	0.54	0.54	0.8	0.36	0.35	-0.65	0.5	0.8	0.59
Current Deferred Revenue	0.7	0.73	0.43	0.66	0.7	0.68	0.34	0.49		-0.61	-0.65	0.34	0.84	0.61	0.7	0.42	-0.14	0.86	0.87	0.69	0.81	0.38	-0.39	0.59	0.7	0.71
Net Debt	-0.54	-0.65	0.28	-0.58	-0.3	-0.75	-0.19	-0.35	-0.61		0.34	0.01	-0.46	-0.71	0.08	-0.49	0.48	-0.35	-0.54	-0.6	-0.2	0.19	0.12	-0.12	-0.61	-0.08
Retained Earnings	-0.91	-0.71	-0.67	-0.89	-0.76	-0.58	-0.86	-0.86	-0.65	0.34		-0.38	-0.87	-0.58	-0.39	-0.35	-0.36	-0.81	-0.58	-0.84	-0.65	-0.58	0.72	-0.64	-0.86	-0.82
Accounts Payable	0.47	0.38	0.49	0.26	0.55	0.25	0.33	0.44	0.34	0.01	-0.38		0.44	0.2	0.4	0.22	0.21	0.51	0.58	0.44	0.54	0.44	-0.4	0.42	0.36	0.58
Cash	0.82	0.73	0.72	0.81	0.75	0.61	0.63	0.64	0.84	-0.46	-0.87	0.44		0.58	0.57	0.35	0.23	0.96	0.77	0.77	0.84	0.66	-0.59	0.76	0.77	0.91
Non Current Assets Total	0.74	0.96	0.08	0.78	0.51	0.99	0.34	0.56	0.61	-0.71	-0.58	0.2	0.58		0.2	0.85	0.01	0.54	0.5	0.88	0.42	0.1	-0.61	0.08	0.89	0.35
Non Currrent Assets Other	0.33	0.37	0.67	0.22	0.61	0.26	0.07	0.19	0.7	0.08	-0.39	0.4	0.57	0.2		0.17	0.11	0.71	0.6	0.31	0.81	0.47	-0.31	0.59	0.31	0.71
Other Assets	0.49	0.77	0.0	0.55	0.33	0.82	0.07	0.47	0.42	-0.49	-0.35	0.22	0.35	0.85	0.17		0.02	0.33	0.38	0.67	0.26	0.05	-0.44	-0.09	0.68	0.22
Long Term Debt	0.23	0.11	0.62	0.27	0.06	-0.03	0.46	0.14	-0.14	0.48	-0.36	0.21	0.23	0.01	0.11	0.02		0.29	-0.24	0.18	0.33	0.69	-0.36	0.04	0.17	0.43
Cash And Short Term Investments	0.77	0.71	0.77	0.72	0.72	0.59	0.55	0.54	0.86	-0.35	-0.81	0.51	0.96	0.54	0.71	0.33	0.29		0.8	0.72	0.95	0.72	-0.57	0.73	0.72	0.94
Net Receivables	0.62	0.61	0.41	0.49	0.63	0.56	0.29	0.54	0.87	-0.54	-0.58	0.58	0.77	0.5	0.6	0.38	-0.24	0.8		0.59	0.75	0.39	-0.4	0.68	0.59	0.7
Common Stock Total Equity	0.95	0.96	0.37	0.94	0.75	0.89	0.68	0.8	0.69	-0.6	-0.84	0.44	0.77	0.88	0.31	0.67	0.18	0.72	0.59		0.58	0.34	-0.67	0.37	0.99	0.61
Short Term Investments	0.64	0.61	0.75	0.53	0.61	0.49	0.39	0.36	0.81	-0.2	-0.65	0.54	0.84	0.42	0.81	0.26	0.33	0.95	0.75	0.58		0.73	-0.44	0.66	0.57	0.88
Non Current Liabilities Total	0.41	0.27	0.86	0.41	0.25	0.11	0.54	0.35	0.38	0.19	-0.58	0.44	0.66	0.1	0.47	0.05	0.69	0.72	0.39	0.34	0.73		-0.47	0.61	0.32	0.83
Inventory	-0.65	-0.65	-0.55	-0.66	-0.58	-0.56	-0.65	-0.65	-0.39	0.12	0.72	-0.4	-0.59	-0.61	-0.31	-0.44	-0.36	-0.57	-0.4	-0.67	-0.44	-0.47		-0.33	-0.71	-0.63
Other Current Assets	0.47	0.27	0.72	0.38	0.56	0.13	0.49	0.5	0.59	-0.12	-0.64	0.42	0.76	0.08	0.59	-0.09	0.04	0.73	0.68	0.37	0.66	0.61	-0.33		0.37	0.8
Other Stockholder Equity	0.95	0.95	0.37	0.94	0.74	0.9	0.67	0.8	0.7	-0.61	-0.86	0.36	0.77	0.89	0.31	0.68	0.17	0.72	0.59	0.99	0.57	0.32	-0.71	0.37		0.6
Total Liab	0.69	0.55	0.92	0.63	0.72	0.38	0.62	0.59	0.71	-0.08	-0.82	0.58	0.91	0.35	0.71	0.22	0.43	0.94	0.7	0.61	0.88	0.83	-0.63	0.8	0.6

Click cells to compare fundamentals

MakeMyTrip Account Relationship Matchups

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	Pair Corr
0.77	EM	Smart Share Global	Pair Corr
0.89	SG	Sweetgreen Buyout Trend	Pair Corr

Moving against MakeMyTrip Stock

0.74	EXPE	Expedia Group Sell-off Trend	Pair Corr
0.73	EVRI	Everi Holdings	Pair Corr
0.6	WW	WW International	Pair Corr
0.59	BFI	Burgerfi International	Pair Corr
0.55	BYD	Boyd Gaming	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether MakeMyTrip Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MakeMyTrip Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Makemytrip Limited Stock. Highlighted below are key reports to facilitate an investment decision about Makemytrip Limited Stock:

How To Invest In MakeMyTrip

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Is MakeMyTrip Stock a good investment?

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What is MakeMyTrip's Net Worth?

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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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for MakeMyTrip Stock analysis

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.

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MakeMyTrip Net Receivables vs Accounts Payable Analysis

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Receivables

Accounts Payable

MakeMyTrip fundamental ratios Correlations

MakeMyTrip Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MakeMyTrip fundamental ratios Accounts

Pair Trading with MakeMyTrip

Moving together with MakeMyTrip Stock

Moving against MakeMyTrip Stock

Complementary Tools for MakeMyTrip Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Common Stock Total Equity	+ 0.96	Total Assets
Cash And Short Term Investments	+ 0.96	Cash

Retained Earnings	- 0.91	Common Stock Shares Outstanding
Retained Earnings	- 0.89	Other Current Liab
Cash	- 0.87	Retained Earnings
Other Stockholder Equity	- 0.86	Retained Earnings
Retained Earnings	- 0.86	Property Plant And Equipment Net
Retained Earnings	- 0.86	Other Liab