29Metals Accounts Payable vs Retained Earnings Analysis
| 29M Stock | 0.37 0.01 2.78% |
29Metals financial indicator trend analysis is way more than just evaluating 29Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 29Metals is a good investment. Please check the relationship between 29Metals Accounts Payable and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 29Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 29Metals Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 29Metals' Accounts Payable and Retained Earnings is 0.92. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of 29Metals, assuming nothing else is changed. The correlation between historical values of 29Metals' Accounts Payable and Retained Earnings 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 29Metals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., 29Metals' Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents 29Metals 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 29Metals 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from 29Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 29Metals 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 29Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, 29Metals' Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 158.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 23.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 102.7M | 194.1M | 124.5M | 127.2M | Interest Income | 90K | 1.4M | 5.2M | 6.1M |
29Metals fundamental ratios Correlations
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29Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.