Allmed Non Current Assets Total vs Total Revenue Analysis

002950 Stock   9.12  0.10  1.11%   
Allmed Medical financial indicator trend analysis is way more than just evaluating Allmed Medical Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allmed Medical Products is a good investment. Please check the relationship between Allmed Medical Non Current Assets Total and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allmed Medical Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Non Current Assets Total vs Total Revenue

Non Current Assets Total vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allmed Medical Products Non Current Assets Total account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Allmed Medical's Non Current Assets Total and Total Revenue is 0.86. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Allmed Medical Products, assuming nothing else is changed. The correlation between historical values of Allmed Medical's Non Current Assets Total and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Allmed Medical Products are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Non Current Assets Total i.e., Allmed Medical's Non Current Assets Total and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts Allmed Medical Products generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Allmed Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allmed Medical Products 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Allmed Medical Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 84.1 M. The current year's Selling General Administrative is expected to grow to about 151.3 M
 2021 2022 2023 2024 (projected)
Gross Profit881.5M1.4B768.6M994.9M
Total Revenue2.9B4.2B2.8B2.9B

Allmed Medical fundamental ratios Correlations

0.930.980.990.720.630.97-0.490.830.710.890.950.150.960.820.930.870.90.150.920.970.060.61-0.520.84-0.96
0.930.850.880.820.620.9-0.370.730.780.760.840.030.980.840.860.70.820.160.830.810.160.56-0.560.62-0.93
0.980.850.990.650.640.95-0.550.810.670.860.930.150.90.760.920.870.860.140.930.99-0.030.65-0.530.9-0.93
0.990.880.990.620.70.94-0.460.80.630.870.930.190.930.830.950.880.890.230.910.990.060.64-0.540.86-0.94
0.720.820.650.620.180.77-0.480.590.970.540.65-0.20.770.390.550.470.54-0.290.680.57-0.160.46-0.450.47-0.7
0.630.620.640.70.180.440.010.290.230.440.530.290.590.80.830.470.590.690.450.670.140.43-0.660.42-0.6
0.970.90.950.940.770.44-0.560.830.760.860.9-0.010.940.720.80.830.85-0.040.970.920.040.67-0.460.86-0.95
-0.49-0.37-0.55-0.46-0.480.01-0.56-0.5-0.56-0.33-0.460.27-0.38-0.1-0.34-0.43-0.20.55-0.56-0.520.33-0.390.19-0.720.53
0.830.730.810.80.590.290.83-0.50.50.880.930.230.820.610.740.810.80.070.780.79-0.040.31-0.210.71-0.79
0.710.780.670.630.970.230.76-0.560.50.480.61-0.20.730.360.560.470.48-0.340.680.59-0.190.51-0.480.52-0.68
0.890.760.860.870.540.440.86-0.330.880.480.960.40.880.760.820.910.970.110.760.840.190.32-0.190.76-0.8
0.950.840.930.930.650.530.9-0.460.930.610.960.330.930.760.910.910.920.140.820.910.030.39-0.350.79-0.87
0.150.030.150.19-0.20.29-0.010.270.23-0.20.40.330.150.310.360.510.340.4-0.120.190.41-0.530.430.00.09
0.960.980.90.930.770.590.94-0.380.820.730.880.930.150.860.890.810.910.160.850.870.180.51-0.470.7-0.94
0.820.840.760.830.390.80.72-0.10.610.360.760.760.310.860.860.730.860.50.670.760.480.4-0.410.55-0.81
0.930.860.920.950.550.830.8-0.340.740.560.820.910.360.890.860.820.860.390.750.920.070.45-0.540.72-0.85
0.870.70.870.880.470.470.83-0.430.810.470.910.910.510.810.730.820.830.130.770.880.280.3-0.080.78-0.73
0.90.820.860.890.540.590.85-0.20.80.480.970.920.340.910.860.860.830.240.760.840.220.41-0.360.72-0.84
0.150.160.140.23-0.290.69-0.040.550.07-0.340.110.140.40.160.50.390.130.240.040.210.250.06-0.29-0.12-0.11
0.920.830.930.910.680.450.97-0.560.780.680.760.82-0.120.850.670.750.770.760.040.92-0.010.79-0.520.87-0.93
0.970.810.990.990.570.670.92-0.520.790.590.840.910.190.870.760.920.880.840.210.92-0.010.65-0.520.9-0.91
0.060.16-0.030.06-0.160.140.040.33-0.04-0.190.190.030.410.180.480.070.280.220.25-0.01-0.01-0.240.45-0.13-0.02
0.610.560.650.640.460.430.67-0.390.310.510.320.39-0.530.510.40.450.30.410.060.790.65-0.24-0.780.68-0.72
-0.52-0.56-0.53-0.54-0.45-0.66-0.460.19-0.21-0.48-0.19-0.350.43-0.47-0.41-0.54-0.08-0.36-0.29-0.52-0.520.45-0.78-0.410.63
0.840.620.90.860.470.420.86-0.720.710.520.760.790.00.70.550.720.780.72-0.120.870.9-0.130.68-0.41-0.84
-0.96-0.93-0.93-0.94-0.7-0.6-0.950.53-0.79-0.68-0.8-0.870.09-0.94-0.81-0.85-0.73-0.84-0.11-0.93-0.91-0.02-0.720.63-0.84
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Allmed Medical Account Relationship Matchups

Allmed Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B4.9B5.0B5.7B5.1B4.3B
Total Current Liabilities620.4M1.5B1.6B2.1B1.3B1.3B
Total Stockholder Equity2.1B2.9B2.8B3.1B3.2B2.4B
Retained Earnings840.8M1.7B1.6B1.7B1.7B1.2B
Accounts Payable107.6M143.9M253.9M897.3M326.1M296.3M
Cash242.5M1.3B678.5M522.2M397.0M544.4M
Non Current Assets Total1.5B2.0B2.8B3.3B3.3B2.3B
Non Currrent Assets Other16.2M51.0M40.1M10.4M692.8K658.1K
Net Receivables446.9M238.5M589.0M483.2M376.4M380.3M
Short Term Investments1.1M35.6M8.1M264.6M96.8M64.5M
Non Current Liabilities Total476.2M467.7M614.2M549.6M547.9M504.5M
Inventory708.6M707.3M846.6M877.3M707.2M711.3M
Other Current Assets264.1M243.9M119.6M81.9M56.2M53.4M
Total Liab1.1B1.9B2.3B2.6B1.9B1.8B
Short Long Term Debt362.2M1.1B1.1B792.1M749.6M800.5M
Total Current Assets1.7B2.8B2.2B2.4B1.8B2.0B
Intangible Assets161.2M219.5M234.7M213.6M202.7M208.6M
Other Current Liab41.7M161.7M144.0M16.1M7.8M7.4M
Other Liab245.8M289.4M367.7M486.0M558.9M360.7M
Net Tangible Assets1.1B1.9B2.7B2.5B2.9B2.0B
Net Debt765.2M306.4M508.7M381.3M498.9M386.2M
Other Assets94.1M106.2M137.6M139.2M160.1M132.0M
Long Term Debt186.7M100M127.6M111.4M146.3M120.5M
Other Stockholder Equity582.5K5.1M(40.2M)(63.6M)(57.3M)(54.4M)
Deferred Long Term Liab565.9K1.1M1.3M1.1M1.0M1.0M
Net Invested Capital2.6B4.1B3.9B4.0B4.1B3.6B
Net Working Capital1.0B1.4B604.5M332.0M454.1M681.2M
Property Plant Equipment1.2B1.2B1.3B1.6B1.8B1.4B

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Other Information on Investing in Allmed Stock

Balance Sheet is a snapshot of the financial position of Allmed Medical Products at a specified time, usually calculated after every quarter, six months, or one year. Allmed Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allmed Medical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Allmed currently owns. An asset can also be divided into two categories, current and non-current.