Mirion Historical Cash Flow
| MIR Stock | USD 21.77 0.04 0.18% |
Analysis of Mirion Technologies cash flow over time is an excellent tool to project Mirion Technologies future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 51.2 M or Total Cash From Operating Activities of 104.1 M as it is a great indicator of Mirion Technologies ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Mirion Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mirion Technologies is a good buy for the upcoming year.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. About Mirion Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Mirion balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Mirion's non-liquid assets can be easily converted into cash.
Mirion Technologies Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by Mirion Technologies to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Mirion Technologies operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Mirion Technologies' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Mirion Technologies current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.At this time, Mirion Technologies' Begin Period Cash Flow is relatively stable compared to the past year.
| 2022 | 2023 | 2024 | 2025 (projected) | Capital Expenditures | 34.2M | 37.1M | 48.8M | 51.2M | Depreciation | 174.5M | 162.5M | 150.4M | 82.2M |
Mirion Technologies cash flow statement Correlations
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Mirion Technologies Account Relationship Matchups
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High Negative Relationship
Mirion Technologies cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | 2.7M | (5.1M) | (34.8M) | (500K) | 5.2M | 5.5M | |
| Change In Cash | 750.4M | 84.2M | (27.4M) | 55.5M | 45.1M | 42.8M | |
| Net Borrowings | 120.4M | 239M | 1.6B | (6.6M) | (7.6M) | (7.2M) | |
| Total Cashflows From Investing Activities | (313.3M) | (2.2B) | (40.8M) | (64.7M) | (43.7M) | (45.9M) | |
| Depreciation | 68.4M | 62.9M | 174.5M | 162.5M | 150.4M | 82.2M | |
| Capital Expenditures | 19.9M | 17.6M | 34.2M | 37.1M | 48.8M | 51.2M | |
| Total Cash From Operating Activities | (945.4K) | 900K | 39.4M | 95.2M | 99.1M | 104.1M | |
| Change To Account Receivables | 900K | (24.3M) | (19.3M) | (5M) | (12M) | (12.6M) | |
| Change To Operating Activities | (6.1M) | 2.3M | (15.2M) | 4.3M | 3.9M | 4.1M | |
| Net Income | (1.0M) | (127.9M) | (276.9M) | (96.9M) | (36.6M) | (38.4M) | |
| Total Cash From Financing Activities | 751.4M | 1.5B | (7M) | 22.6M | (3.3M) | (3.1M) | |
| Other Cashflows From Investing Activities | (55.7M) | (2.2B) | (500K) | 2.8M | 6.1M | 6.4M | |
| Change To Netincome | 92.7M | 122M | 151.2M | 176.7M | 203.2M | 213.4M | |
| Change To Liabilities | (4.2M) | 7.8M | 50.8M | 11.4M | 13.1M | 7.0M | |
| End Period Cash Flow | 750.4M | 84.6M | 75M | 130.5M | 175.6M | 157.4M | |
| Free Cash Flow | (20.8M) | (16.7M) | 5.2M | 58.1M | 50.3M | 52.8M | |
| Change In Working Capital | 95.8K | (11M) | (54.1M) | (700K) | (26.8M) | (25.5M) | |
| Other Cashflows From Financing Activities | 1.4M | (125.9M) | (400K) | 900K | (1.3M) | (1.4M) | |
| Other Non Cash Items | (68.3M) | 241.4M | 201.3M | 39.3M | (6.5M) | (6.2M) |
Pair Trading with Mirion Technologies
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 Mirion Technologies 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 Mirion Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Mirion Stock
| 0.9 | BW | Babcock Wilcox Enter | PairCorr |
| 0.93 | CR | Crane Company | PairCorr |
| 0.87 | IR | Ingersoll Rand | PairCorr |
| 0.9 | PH | Parker Hannifin | PairCorr |
Moving against Mirion Stock
| 0.47 | CSW | CSW Industrials, Symbol Change | PairCorr |
| 0.36 | ENOV | Enovis Corp | PairCorr |
| 0.34 | MKDWW | MKDWELL Tech Warrants | PairCorr |
The ability to find closely correlated positions to Mirion Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirion Technologies 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 Mirion Technologies - 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 Mirion Technologies to buy it.
The correlation of Mirion Technologies 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 Mirion Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirion Technologies 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 Mirion Technologies 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.Additional Tools for Mirion Stock Analysis
When running Mirion Technologies' price analysis, check to measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.