Bisalloy Inventory vs Accounts Payable Analysis

BIS Stock   4.38  0.02  0.45%   
Bisalloy Steel financial indicator trend analysis is way more than just evaluating Bisalloy Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bisalloy Steel Group is a good investment. Please check the relationship between Bisalloy Steel Inventory and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bisalloy Steel Group. 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.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bisalloy Steel Group Inventory account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bisalloy Steel's Inventory and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Bisalloy Steel Group, assuming nothing else is changed. The correlation between historical values of Bisalloy Steel's Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Bisalloy Steel Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., Bisalloy Steel's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

Accounts Payable

An accounting item on the balance sheet that represents Bisalloy Steel 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 Bisalloy Steel Group 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.
Most indicators from Bisalloy Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bisalloy Steel Group 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 Bisalloy Steel Group. 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.
Tax Provision is likely to gain to about 7.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.6 M in 2024.
 2021 2022 2023 2024 (projected)
Operating Income19.4M17.5M19.1M20.1M
Total Revenue117.8M153.1M152.9M125.3M

Bisalloy Steel fundamental ratios Correlations

0.430.360.870.790.640.470.360.710.810.310.670.530.440.310.860.5-0.370.530.980.39-0.590.80.540.970.76
0.43-0.40.48-0.13-0.34-0.520.99-0.270.76-0.29-0.30.810.93-0.290.730.38-0.840.930.53-0.590.370.74-0.390.580.35
0.36-0.40.380.460.660.63-0.440.710.070.430.58-0.24-0.310.430.160.340.19-0.220.290.67-0.690.20.520.290.42
0.870.480.380.540.490.30.410.530.860.270.490.670.40.270.840.57-0.390.460.870.2-0.40.850.310.890.69
0.79-0.130.460.540.830.86-0.180.870.320.340.95-0.01-0.120.340.40.10.22-0.010.70.78-0.870.280.910.630.46
0.64-0.340.660.490.830.81-0.420.960.180.650.85-0.14-0.260.650.320.40.19-0.170.540.84-0.890.280.760.520.63
0.47-0.520.630.30.860.81-0.550.82-0.050.340.96-0.38-0.530.340.01-0.10.58-0.420.350.85-0.9-0.060.920.270.19
0.360.99-0.440.41-0.18-0.42-0.55-0.340.69-0.43-0.340.770.89-0.430.660.3-0.780.890.46-0.620.40.67-0.410.50.26
0.71-0.270.710.530.870.960.82-0.340.240.570.87-0.1-0.180.570.390.440.12-0.080.620.87-0.940.340.810.60.68
0.810.760.070.860.320.18-0.050.690.240.160.160.890.760.160.930.55-0.70.790.85-0.13-0.040.930.010.90.65
0.31-0.290.430.270.340.650.34-0.430.570.160.32-0.04-0.071.00.220.45-0.07-0.070.230.41-0.360.240.280.310.49
0.67-0.30.580.490.950.850.96-0.340.870.160.32-0.17-0.330.320.250.030.4-0.220.560.83-0.930.150.940.480.35
0.530.81-0.240.67-0.01-0.14-0.380.77-0.10.89-0.04-0.170.78-0.040.790.45-0.740.750.59-0.420.290.79-0.260.660.44
0.440.93-0.310.4-0.12-0.26-0.530.89-0.180.76-0.07-0.330.78-0.070.750.49-0.940.990.55-0.540.360.77-0.40.610.47
0.31-0.290.430.270.340.650.34-0.430.570.161.00.32-0.04-0.070.220.45-0.07-0.070.230.41-0.360.240.280.310.49
0.860.730.160.840.40.320.010.660.390.930.220.250.790.750.220.69-0.730.80.87-0.03-0.220.950.160.940.81
0.50.380.340.570.10.4-0.10.30.440.550.450.030.450.490.450.69-0.710.510.540.1-0.220.78-0.090.640.92
-0.37-0.840.19-0.390.220.190.58-0.780.12-0.7-0.070.4-0.74-0.94-0.07-0.73-0.71-0.92-0.480.48-0.34-0.80.48-0.57-0.6
0.530.93-0.220.46-0.01-0.17-0.420.89-0.080.79-0.07-0.220.750.99-0.070.80.51-0.920.63-0.440.240.81-0.30.690.53
0.980.530.290.870.70.540.350.460.620.850.230.560.590.550.230.870.54-0.480.630.3-0.490.850.40.980.76
0.39-0.590.670.20.780.840.85-0.620.87-0.130.410.83-0.42-0.540.41-0.030.10.48-0.440.3-0.89-0.080.810.230.34
-0.590.37-0.69-0.4-0.87-0.89-0.90.4-0.94-0.04-0.36-0.930.290.36-0.36-0.22-0.22-0.340.24-0.49-0.89-0.14-0.9-0.43-0.48
0.80.740.20.850.280.28-0.060.670.340.930.240.150.790.770.240.950.78-0.80.810.85-0.08-0.14-0.010.920.82
0.54-0.390.520.310.910.760.92-0.410.810.010.280.94-0.26-0.40.280.16-0.090.48-0.30.40.81-0.9-0.010.340.24
0.970.580.290.890.630.520.270.50.60.90.310.480.660.610.310.940.64-0.570.690.980.23-0.430.920.340.83
0.760.350.420.690.460.630.190.260.680.650.490.350.440.470.490.810.92-0.60.530.760.34-0.480.820.240.83
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Bisalloy Steel Account Relationship Matchups

Bisalloy Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets86.6M84.3M106.6M112.3M118.6M89.6M
Short Long Term Debt Total16.8M10.4M11.2M5.0M1.1M1.0M
Other Current Liab5.0M5.7M4.9M7.1M6.6M9.2M
Total Current Liabilities34.6M32.1M33.7M30.2M34.3M35.8M
Total Stockholder Equity38.7M45.0M60.4M68.0M72.8M37.3M
Other Liab3.4M3.4M5.3M5.8M6.7M7.0M
Property Plant And Equipment Net22.0M21.2M26.7M26.1M29.6M22.0M
Net Debt16.1M8.0M9.3M3.0M(5.2M)(5.0M)
Retained Earnings18.5M25.1M33.9M40.7M43.2M45.4M
Accounts Payable16.8M15.2M17.9M21.0M20.6M17.3M
Cash672K2.3M1.8M2.1M6.3M6.6M
Non Current Assets Total28.8M28.8M37.0M36.5M40.1M27.2M
Other Assets62K470K351K182K163.8K155.6K
Cash And Short Term Investments672K2.3M1.8M2.1M6.3M6.6M
Net Receivables17.0M23.7M26.2M23.4M21.2M25.5M
Common Stock Shares Outstanding47.0M47.6M47.5M48.0M48.4M40.4M
Liabilities And Stockholders Equity86.6M84.3M106.6M112.3M118.6M89.6M
Non Current Liabilities Total9.4M3.8M8.6M9.5M7.0M6.7M
Inventory38.2M27.9M39.8M47.1M48.8M35.8M
Other Current Assets1.2M1.5M1.6M2.5M2.2M2.1M
Other Stockholder Equity(30.8M)(38.0M)(48.4M)(55.9M)(50.3M)(47.8M)
Total Liab44.0M35.9M42.3M39.7M41.3M60.1M
Property Plant And Equipment Gross22.0M41.2M47.5M44.1M49.0M25.7M
Total Current Assets57.8M55.5M69.6M75.8M78.5M69.8M
Accumulated Other Comprehensive Income7.9M7.0M12.0M12.1M14.4M15.1M
Common Stock12.3M12.9M14.5M15.2M13.7M19.6M
Property Plant Equipment22.0M21.2M26.7M26.1M30.0M21.5M
Current Deferred Revenue283K395K386K376K4.5M4.7M
Short Term Debt11.5M10.8M9.6M7.8M972K923.4K
Net Tangible Assets38.5M44.4M59.7M67.4M77.5M39.2M
Long Term Investments6.6M6.6M9.3M9.6M9.8M5.5M
Short Long Term Debt10.6M9.3M7.5M1.0M736K699.2K
Long Term Debt Total6.0M386K3.3M3.6M3.3M3.7M
Net Invested Capital55.0M54.3M70.8M72.3M73.6M60.1M

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