Myomo Cash And Equivalents vs Net Invested Capital Analysis

MYO Stock

USD 3.64 0.04 1.09%

Myomo financial indicator trend analysis is infinitely more than just investigating Myomo Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myomo Inc is a good investment. Please check the relationship between Myomo Cash And Equivalents and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. 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.

Cash And Equivalents vs Net Invested Capital

Cash And Equivalents vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myomo Inc Cash And Equivalents account and Net Invested Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between Myomo's Cash And Equivalents and Net Invested Capital is 0.04. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Myomo Inc, assuming nothing else is changed. The correlation between historical values of Myomo's Cash And Equivalents and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Myomo Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Equivalents i.e., Myomo's Cash And Equivalents and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Equivalents

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Myomo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myomo Inc 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 Myomo Inc. 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, Myomo's Tax Provision is very stable compared to the past year. As of the 19th of May 2024, Enterprise Value is likely to grow to about 148.6 M, while Selling General Administrative is likely to drop about 10.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	10.3M	10.3M	13.2M	13.8M
Total Revenue	13.9M	15.6M	19.2M	20.2M

Gross Profit Total Revenue

Myomo fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.44	0.61	0.68	0.83	0.95	0.76	-0.93	-0.79	0.38	0.95	0.61	-0.57	0.57	0.97	0.71	0.41	-0.41	0.84	0.62	0.8	0.89	-0.14	0.13	1.0	-0.17
Short Long Term Debt Total	-0.44		-0.48	-0.15	-0.71	-0.45	-0.51	0.49	0.46	-0.26	-0.36	-0.2	0.75	-0.18	-0.38	-0.57	-0.31	0.81	-0.48	-0.51	-0.35	-0.5	0.69	-0.03	-0.44	0.75
Other Current Liab	0.61	-0.48		0.7	0.39	0.51	0.75	-0.44	-0.73	-0.04	0.47	0.51	-0.34	0.34	0.53	0.78	0.8	-0.22	0.73	0.76	0.52	0.6	0.07	0.33	0.6	-0.03
Total Current Liabilities	0.68	-0.15	0.7		0.31	0.6	0.8	-0.38	-0.87	0.41	0.46	0.9	-0.06	0.36	0.52	0.78	0.66	0.01	0.82	0.77	0.71	0.82	0.36	0.56	0.65	0.36
Total Stockholder Equity	0.83	-0.71	0.39	0.31		0.87	0.54	-0.92	-0.56	0.32	0.83	0.28	-0.78	0.41	0.84	0.51	0.17	-0.82	0.65	0.43	0.71	0.75	-0.66	-0.13	0.84	-0.52
Net Tangible Assets	0.95	-0.45	0.51	0.6	0.87		0.7	-0.93	-0.8	0.44	0.92	0.53	-0.61	0.4	0.93	0.66	0.37	-0.54	0.87	0.62	0.87	0.9	-0.29	0.07	0.95	-0.13
Property Plant And Equipment Net	0.76	-0.51	0.75	0.8	0.54	0.7		-0.56	-0.93	0.54	0.57	0.87	-0.26	0.48	0.61	0.98	0.78	-0.29	0.92	0.92	0.69	0.84	0.02	0.32	0.73	-0.03
Net Debt	-0.93	0.49	-0.44	-0.38	-0.92	-0.93	-0.56		0.59	-0.27	-0.98	-0.32	0.7	-0.51	-0.98	-0.51	-0.2	0.55	-0.69	-0.42	-0.71	-0.74	0.38	0.08	-0.95	0.35
Retained Earnings	-0.79	0.46	-0.73	-0.87	-0.56	-0.8	-0.93	0.59		-0.57	-0.6	-0.83	0.38	-0.28	-0.64	-0.93	-0.74	0.31	-0.99	-0.94	-0.79	-0.94	-0.02	-0.36	-0.77	-0.08
Accounts Payable	0.38	-0.26	-0.04	0.41	0.32	0.44	0.54	-0.27	-0.57		0.24	0.62	-0.08	0.01	0.25	0.55	0.28	-0.22	0.54	0.57	0.33	0.58	-0.06	0.06	0.36	-0.11
Cash	0.95	-0.36	0.47	0.46	0.83	0.92	0.57	-0.98	-0.6	0.24		0.37	-0.61	0.58	0.99	0.51	0.2	-0.4	0.69	0.4	0.71	0.73	-0.21	-0.04	0.96	-0.23
Non Current Assets Total	0.61	-0.2	0.51	0.9	0.28	0.53	0.87	-0.32	-0.83	0.62	0.37		0.05	0.46	0.42	0.82	0.6	0.0	0.77	0.77	0.64	0.78	0.32	0.56	0.57	0.27
Non Currrent Assets Other	-0.57	0.75	-0.34	-0.06	-0.78	-0.61	-0.26	0.7	0.38	-0.08	-0.61	0.05		-0.06	-0.61	-0.3	-0.07	0.71	-0.44	-0.3	-0.39	-0.51	0.64	0.18	-0.59	0.62
Other Assets	0.57	-0.18	0.34	0.36	0.41	0.4	0.48	-0.51	-0.28	0.01	0.58	0.46	-0.06		0.57	0.35	0.0	-0.08	0.3	0.11	0.48	0.36	0.05	0.17	0.56	-0.06
Cash And Short Term Investments	0.97	-0.38	0.53	0.52	0.84	0.93	0.61	-0.98	-0.64	0.25	0.99	0.42	-0.61	0.57		0.56	0.28	-0.41	0.73	0.46	0.73	0.77	-0.2	-0.01	0.98	-0.23
Net Receivables	0.71	-0.57	0.78	0.78	0.51	0.66	0.98	-0.51	-0.93	0.55	0.51	0.82	-0.3	0.35	0.56		0.84	-0.32	0.92	0.96	0.61	0.81	0.0	0.31	0.69	-0.1
Common Stock Shares Outstanding	0.41	-0.31	0.8	0.66	0.17	0.37	0.78	-0.2	-0.74	0.28	0.2	0.6	-0.07	0.0	0.28	0.84		-0.06	0.72	0.89	0.3	0.52	0.2	0.24	0.39	0.07
Non Current Liabilities Total	-0.41	0.81	-0.22	0.01	-0.82	-0.54	-0.29	0.55	0.31	-0.22	-0.4	0.0	0.71	-0.08	-0.41	-0.32	-0.06		-0.38	-0.29	-0.48	-0.45	0.93	0.26	-0.42	0.63
Capital Surpluse	0.84	-0.48	0.73	0.82	0.65	0.87	0.92	-0.69	-0.99	0.54	0.69	0.77	-0.44	0.3	0.73	0.92	0.72	-0.38		0.92	0.82	0.94	-0.06	0.28	0.83	0.03
Inventory	0.62	-0.51	0.76	0.77	0.43	0.62	0.92	-0.42	-0.94	0.57	0.4	0.77	-0.3	0.11	0.46	0.96	0.89	-0.29	0.92		0.57	0.79	0.02	0.28	0.6	-0.02
Other Current Assets	0.8	-0.35	0.52	0.71	0.71	0.87	0.69	-0.71	-0.79	0.33	0.71	0.64	-0.39	0.48	0.73	0.61	0.3	-0.48	0.82	0.57		0.87	-0.21	0.32	0.79	0.17
Other Stockholder Equity	0.89	-0.5	0.6	0.82	0.75	0.9	0.84	-0.74	-0.94	0.58	0.73	0.78	-0.51	0.36	0.77	0.81	0.52	-0.45	0.94	0.79	0.87		-0.14	0.31	0.88	-0.03
Total Liab	-0.14	0.69	0.07	0.36	-0.66	-0.29	0.02	0.38	-0.02	-0.06	-0.21	0.32	0.64	0.05	-0.2	0.0	0.2	0.93	-0.06	0.02	-0.21	-0.14		0.43	-0.16	0.7
Short Long Term Debt	0.13	-0.03	0.33	0.56	-0.13	0.07	0.32	0.08	-0.36	0.06	-0.04	0.56	0.18	0.17	-0.01	0.31	0.24	0.26	0.28	0.28	0.32	0.31	0.43		0.11	0.37
Total Current Assets	1.0	-0.44	0.6	0.65	0.84	0.95	0.73	-0.95	-0.77	0.36	0.96	0.57	-0.59	0.56	0.98	0.69	0.39	-0.42	0.83	0.6	0.79	0.88	-0.16	0.11		-0.19
Short Term Debt	-0.17	0.75	-0.03	0.36	-0.52	-0.13	-0.03	0.35	-0.08	-0.11	-0.23	0.27	0.62	-0.06	-0.23	-0.1	0.07	0.63	0.03	-0.02	0.17	-0.03	0.7	0.37	-0.19

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Myomo Account Relationship Matchups

Myomo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6M	14.7M	20.1M	10.2M	14.6M	10.4M
Other Current Liab	1.7M	2.7M	3.0M	48.2K	3.9M	4.1M
Total Current Liabilities	3.9M	2.9M	4.3M	3.6M	5.5M	3.1M
Total Stockholder Equity	1.8M	11.6M	15.4M	6.4M	9.0M	4.9M
Net Tangible Assets	1.8M	11.6M	15.4M	6.4M	7.3M	7.7M
Property Plant And Equipment Net	155.0K	263.8K	908.2K	703.0K	839.3K	881.3K
Net Debt	(1.8M)	(12.1M)	(14.8M)	(4.8M)	(6.3M)	(6.6M)
Retained Earnings	(56.1M)	(67.7M)	(78.1M)	(88.8M)	(96.9M)	(92.1M)
Accounts Payable	450.1K	180.5K	723.4K	3.2M	1.1M	889.4K
Cash	4.5M	12.2M	15.5M	5.3M	6.9M	7.5M
Non Current Assets Total	449.2K	263.8K	908.2K	946.5K	930.6K	533.7K
Non Currrent Assets Other	219.2K	(263.8K)	95.3K	111.0K	91.2K	97.0K
Other Assets	294.2K	263.8K	19.8M	111.0K	127.7K	121.3K
Cash And Short Term Investments	4.5M	12.2M	15.5M	5.3M	8.9M	7.7M
Net Receivables	424.3K	924.9K	2.0M	1.9M	2.4M	2.5M
Common Stock Shares Outstanding	553.8K	3.3M	5.8M	7.1M	29.5M	31.0M
Liabilities And Stockholders Equity	6.6M	14.7M	20.1M	10.2M	14.6M	10.4M
Non Current Liabilities Total	890.5K	274.7K	402.9K	200.7K	115.2K	109.4K
Capital Surpluse	58.0M	79.3M	93.5M	95.1M	109.4M	114.8M
Inventory	439.5K	707.1K	808.3K	1.4M	1.8M	1.9M
Other Current Assets	820.2K	572.7K	894.5K	573.5K	598.9K	530.4K
Other Stockholder Equity	58.0M	79.3M	93.5M	95.1M	105.8M	58.8M
Total Liab	4.8M	3.1M	4.7M	3.8M	5.6M	4.0M
Total Current Assets	6.1M	14.4M	19.2M	9.2M	13.7M	9.9M
Short Term Debt	1.8M	18.3K	333.4K	353.7K	486.1K	562.0K
Common Stock	57.0	457.0	687.0	775.0	2.7K	2.9K
Property Plant Equipment	155.0K	95.0K	908.2K	703.0K	808.5K	848.9K
Deferred Long Term Liab	44.0K	144.6K	219.2K	1.5K	1.3K	1.3K
Current Deferred Revenue	3.0K	2.5K	192.8K	20.7K	8.5K	8.1K
Common Stock Total Equity	1.1K	1.2K	57.0	457.0	411.3	477.6
Property Plant And Equipment Gross	155.0K	263.8K	1.3M	703.0K	1.6M	1.7M
Cash And Equivalents	4.5M	12.2M	15.5M	5.3M	6.1M	9.1M
Net Invested Capital	4.5M	11.6M	15.4M	6.4M	9.0M	10.3M

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

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Is Myomo Stock a good investment?

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What is Myomo's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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

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Is Myomo'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 Myomo. If investors know Myomo 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 Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.28)

Revenue Per Share

0.652

Quarterly Revenue Growth

0.177

Return On Assets

(0.42)

Return On Equity

(1.06)

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

Cash And Equivalents vs Net Invested Capital

Cash And Equivalents vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Net Invested Capital

Myomo fundamental ratios Correlations

Myomo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Myomo fundamental ratios Accounts

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

Complementary Tools for Myomo Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Net Receivables	+ 0.98	Property Plant And Equipment Net
Total Current Assets	+ 0.98	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.97	Total Assets
Total Current Assets	+ 0.96	Cash

Capital Surpluse	- 0.99	Retained Earnings
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.95	Net Debt
Other Stockholder Equity	- 0.94	Retained Earnings
Inventory	- 0.94	Retained Earnings