Bisalloy Property Plant And Equipment Gross vs Other Current Liab 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 Property Plant And Equipment Gross and its Other Current Liab 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.

Property Plant And Equipment Gross vs Other Current Liab

Property Plant And Equipment Gross vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bisalloy Steel Group Property Plant And Equipment Gross account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bisalloy Steel's Property Plant And Equipment Gross and Other Current Liab is 0.52. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Other Current Liab 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 Property Plant And Equipment Gross and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Bisalloy Steel Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Property Plant And Equipment Gross i.e., Bisalloy Steel's Property Plant And Equipment Gross and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant And Equipment Gross

Other Current Liab

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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