Strait Change To Inventory vs Capital Expenditures Analysis

300300 Stock

3.40 0.08 2.41%

Strait Innovation financial indicator trend analysis is much more than just breaking down Strait Innovation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Strait Innovation is a good investment. Please check the relationship between Strait Innovation Change To Inventory and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strait Innovation Internet. 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.

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Strait Innovation Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Strait Innovation's Change To Inventory and Capital Expenditures is -0.26. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Strait Innovation Internet, assuming nothing else is changed. The correlation between historical values of Strait Innovation's Change To Inventory and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Strait Innovation Internet are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Strait Innovation's Change To Inventory and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

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Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Capital Expenditures

Capital Expenditures are funds used by Strait Innovation to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Strait Innovation operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Strait Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Strait Innovation 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 Strait Innovation Internet. 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.

The current year's Selling General Administrative is expected to grow to about 48.2 M. The current year's Tax Provision is expected to grow to about 45.3 M

Strait Innovation fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Good Will	Net Tangible Assets	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.68	0.89	0.92	0.25	0.58	0.61	0.59	0.69	0.41	0.75	0.53	0.86	-0.11	0.56	0.89	-0.11	0.56	0.06	0.82	0.51	0.33	0.59	-0.41	-0.37	0.5
Other Current Liab	0.68		0.46	0.82	0.69	0.22	0.46	-0.04	0.87	0.6	0.85	0.27	0.42	0.21	0.1	0.68	-0.38	0.55	0.52	0.76	0.03	0.55	0.79	0.02	-0.33	0.44
Total Current Liabilities	0.89	0.46		0.7	-0.13	0.86	0.42	0.79	0.56	0.18	0.49	0.6	1.0	-0.16	0.83	0.76	0.26	0.53	-0.3	0.53	0.73	0.0	0.24	-0.62	-0.08	0.31
Total Stockholder Equity	0.92	0.82	0.7		0.56	0.33	0.69	0.3	0.75	0.58	0.89	0.4	0.65	-0.03	0.33	0.83	-0.36	0.47	0.31	0.96	0.29	0.59	0.76	-0.16	-0.53	0.57
Retained Earnings	0.25	0.69	-0.13	0.56		-0.42	0.53	-0.6	0.59	0.66	0.77	-0.2	-0.19	0.24	-0.5	0.19	-0.8	0.13	0.65	0.67	-0.56	0.89	0.71	0.62	-0.54	0.31
Accounts Payable	0.58	0.22	0.86	0.33	-0.42		0.11	0.75	0.35	0.06	0.19	0.54	0.87	-0.08	0.9	0.48	0.49	0.56	-0.54	0.09	0.76	-0.37	-0.12	-0.69	0.12	0.1
Cash	0.61	0.46	0.42	0.69	0.53	0.11		0.01	0.6	0.52	0.72	0.04	0.38	0.05	-0.05	0.42	-0.4	0.48	0.03	0.69	-0.16	0.81	0.28	0.36	-0.2	0.04
Other Assets	0.59	-0.04	0.79	0.3	-0.6	0.75	0.01		0.02	-0.25	-0.02	0.62	0.82	-0.35	0.89	0.51	0.54	0.2	-0.45	0.16	0.9	-0.47	-0.03	-0.86	0.06	0.3
Net Receivables	0.69	0.87	0.56	0.75	0.59	0.35	0.6	0.02		0.59	0.84	0.36	0.53	0.22	0.15	0.59	-0.21	0.61	0.19	0.66	-0.01	0.57	0.56	0.1	-0.19	0.25
Short Term Investments	0.41	0.6	0.18	0.58	0.66	0.06	0.52	-0.25	0.59		0.69	0.17	0.12	0.21	-0.12	0.42	-0.46	0.45	0.27	0.54	-0.21	0.58	0.46	0.25	-0.55	0.21
Inventory	0.75	0.85	0.49	0.89	0.77	0.19	0.72	-0.02	0.84	0.69		0.12	0.42	0.18	0.05	0.59	-0.62	0.52	0.33	0.86	-0.08	0.74	0.74	0.18	-0.56	0.44
Other Current Assets	0.53	0.27	0.6	0.4	-0.2	0.54	0.04	0.62	0.36	0.17	0.12		0.61	0.0	0.64	0.52	0.56	0.19	-0.2	0.28	0.66	-0.19	0.14	-0.63	-0.09	0.32
Total Liab	0.86	0.42	1.0	0.65	-0.19	0.87	0.38	0.82	0.53	0.12	0.42	0.61		-0.18	0.85	0.75	0.33	0.51	-0.32	0.48	0.77	-0.06	0.19	-0.65	0.0	0.28
Intangible Assets	-0.11	0.21	-0.16	-0.03	0.24	-0.08	0.05	-0.35	0.22	0.21	0.18	0.0	-0.18		-0.28	-0.13	-0.2	0.22	0.21	-0.07	-0.34	0.16	0.0	0.32	-0.02	-0.09
Common Stock	0.56	0.1	0.83	0.33	-0.5	0.9	-0.05	0.89	0.15	-0.12	0.05	0.64	0.85	-0.28		0.48	0.56	0.24	-0.47	0.15	0.95	-0.46	-0.04	-0.86	0.01	0.31
Property Plant Equipment	0.89	0.68	0.76	0.83	0.19	0.48	0.42	0.51	0.59	0.42	0.59	0.52	0.75	-0.13	0.48		-0.03	0.54	0.27	0.74	0.53	0.22	0.61	-0.5	-0.25	0.38
Other Liab	-0.11	-0.38	0.26	-0.36	-0.8	0.49	-0.4	0.54	-0.21	-0.46	-0.62	0.56	0.33	-0.2	0.56	-0.03		-0.05	-0.54	-0.49	0.59	-0.71	-0.56	-0.59	0.62	-0.21
Long Term Debt	0.56	0.55	0.53	0.47	0.13	0.56	0.48	0.2	0.61	0.45	0.52	0.19	0.51	0.22	0.24	0.54	-0.05		-0.02	0.27	0.12	0.16	0.17	-0.1	0.03	-0.02
Good Will	0.06	0.52	-0.3	0.31	0.65	-0.54	0.03	-0.45	0.19	0.27	0.33	-0.2	-0.32	0.21	-0.47	0.27	-0.54	-0.02		0.43	-0.33	0.42	0.75	0.26	-0.28	0.44
Net Tangible Assets	0.82	0.76	0.53	0.96	0.67	0.09	0.69	0.16	0.66	0.54	0.86	0.28	0.48	-0.07	0.15	0.74	-0.49	0.27	0.43		0.15	0.71	0.82	-0.02	-0.59	0.57
Long Term Investments	0.51	0.03	0.73	0.29	-0.56	0.76	-0.16	0.9	-0.01	-0.21	-0.08	0.66	0.77	-0.34	0.95	0.53	0.59	0.12	-0.33	0.15		-0.52	0.0	-0.95	0.03	0.31
Total Current Assets	0.33	0.55	0.0	0.59	0.89	-0.37	0.81	-0.47	0.57	0.58	0.74	-0.19	-0.06	0.16	-0.46	0.22	-0.71	0.16	0.42	0.71	-0.52		0.5	0.67	-0.38	0.1
Non Current Assets Total	0.59	0.79	0.24	0.76	0.71	-0.12	0.28	-0.03	0.56	0.46	0.74	0.14	0.19	0.0	-0.04	0.61	-0.56	0.17	0.75	0.82	0.0	0.5		-0.02	-0.61	0.76
Non Currrent Assets Other	-0.41	0.02	-0.62	-0.16	0.62	-0.69	0.36	-0.86	0.1	0.25	0.18	-0.63	-0.65	0.32	-0.86	-0.5	-0.59	-0.1	0.26	-0.02	-0.95	0.67	-0.02		-0.01	-0.3
Non Current Liabilities Total	-0.37	-0.33	-0.08	-0.53	-0.54	0.12	-0.2	0.06	-0.19	-0.55	-0.56	-0.09	0.0	-0.02	0.01	-0.25	0.62	0.03	-0.28	-0.59	0.03	-0.38	-0.61	-0.01		-0.6
Other Stockholder Equity	0.5	0.44	0.31	0.57	0.31	0.1	0.04	0.3	0.25	0.21	0.44	0.32	0.28	-0.09	0.31	0.38	-0.21	-0.02	0.44	0.57	0.31	0.1	0.76	-0.3	-0.6

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Strait Innovation Account Relationship Matchups

Strait Innovation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	1.8B	1.6B	1.3B	1.2B	1.8B
Other Current Liab	111.9M	51.4M	88.6M	75.6M	925.3K	879.0K
Total Current Liabilities	969.7M	903.2M	930.9M	854.5M	912.3M	751.9M
Total Stockholder Equity	1.5B	909.4M	542.4M	369.3M	188.5M	179.0M
Retained Earnings	(171.0M)	(759.7M)	(1.1B)	(1.3B)	(1.7B)	(1.6B)
Accounts Payable	351.8M	370.4M	365.3M	383.6M	400.5M	283.8M
Cash	187.6M	202.0M	58.2M	11.2M	33.2M	31.5M
Other Assets	382.3M	279.4M	393.1M	387.4M	445.5M	467.7M
Net Receivables	357.4M	152.5M	465.0M	101.9M	64.9M	61.6M
Inventory	408.0M	111.6M	11.8M	11.6M	13.0M	12.3M
Other Current Assets	46.1M	35.4M	72.9M	21.3M	13.7M	26.1M
Total Liab	969.9M	935.5M	1.1B	968.7M	1.0B	791.8M
Intangible Assets	1.1M	891.2K	562.2K	316.7K	134.1K	127.4K
Property Plant Equipment	180.1M	173.8M	156.1M	94.9M	109.1M	148.1M
Net Tangible Assets	1.5B	908.5M	541.8M	369.0M	332.1M	315.5M
Total Current Assets	1.1B	946.0M	660.5M	484.3M	398.6M	378.7M
Non Current Assets Total	1.4B	899.4M	935.9M	853.2M	812.6M	994.9M
Non Current Liabilities Total	178.9K	32.3M	123.1M	114.2M	110.0M	71.5M
Other Stockholder Equity	16.8M	(2.7M)	(5.7M)	(2.9M)	(2.6M)	(2.5M)
Deferred Long Term Liab	58.9M	40.0M	27.3M	20.2M	18.1M	29.3M
Short Long Term Debt	490.8M	439.6M	429.4M	367.8M	416.0M	399.6M
Net Debt	303.2M	237.7M	371.3M	408.5M	433.9M	329.8M
Net Invested Capital	2.0B	1.3B	971.8M	789.1M	655.5M	1.3B
Net Working Capital	120.7M	42.8M	(270.3M)	(370.2M)	(513.7M)	(488.0M)

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Other Information on Investing in Strait Stock

Balance Sheet is a snapshot of the financial position of Strait Innovation at a specified time, usually calculated after every quarter, six months, or one year. Strait Innovation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Strait Innovation 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 Strait currently owns. An asset can also be divided into two categories, current and non-current.

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Strait Change To Inventory vs Capital Expenditures Analysis

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Inventory

Capital Expenditures

Strait Innovation fundamental ratios Correlations

Strait Innovation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Strait Innovation fundamental ratios Accounts

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Other Information on Investing in Strait Stock

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Long Term Investments	+ 0.95	Common Stock
Total Stockholder Equity	+ 0.92	Total Assets
Common Stock	+ 0.9	Accounts Payable
Long Term Investments	+ 0.9	Other Assets

Non Currrent Assets Other	- 0.95	Long Term Investments
Non Currrent Assets Other	- 0.86	Common Stock
Non Currrent Assets Other	- 0.86	Other Assets
Other Liab	- 0.8	Retained Earnings
Total Current Assets	- 0.71	Other Liab
Non Currrent Assets Other	- 0.69	Accounts Payable