BioRem Current Deferred Revenue vs Accounts Payable Analysis

BRM Stock

CAD 2.93 0.04 1.35%

BioRem financial indicator trend analysis is way more than just evaluating BioRem Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BioRem Inc is a good investment. Please check the relationship between BioRem Current Deferred Revenue and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioRem Inc. 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.

Current Deferred Revenue vs Accounts Payable

Current Deferred Revenue vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BioRem Inc Current Deferred Revenue account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between BioRem's Current Deferred Revenue and Accounts Payable is 0.75. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of BioRem Inc, assuming nothing else is changed. The correlation between historical values of BioRem's Current Deferred Revenue 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 Current Deferred Revenue of BioRem Inc 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 Current Deferred Revenue i.e., BioRem's Current Deferred Revenue and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Accounts Payable

An accounting item on the balance sheet that represents BioRem 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 BioRem Inc 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 BioRem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BioRem Inc 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 BioRem Inc. 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, BioRem's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 640.2 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 3.18 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	24.5M	28.9M	25.2M	18.5M
Depreciation And Amortization	343.6K	350.6K	382.7K	281.4K

Total Revenue Depreciation And Amortization

BioRem fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Current Deferred Revenue	Good Will	Intangible Assets	Non Currrent Assets Other
Total Assets		-0.06	0.67	0.67	0.77	0.58	-0.5	0.52	0.7	0.87	0.7	0.85	0.48	0.18	0.51	0.26	-0.49	0.61	0.99	-0.47	0.06	0.74	0.67	-0.23	-0.59	0.85
Short Long Term Debt Total	-0.06		0.26	0.55	-0.63	0.38	0.76	0.14	-0.36	0.01	-0.36	0.07	-0.42	0.81	0.04	0.28	0.25	0.7	-0.08	0.54	-0.7	0.35	0.23	-0.17	-0.02	0.05
Other Current Liab	0.67	0.26		0.56	0.33	0.52	-0.18	0.67	0.46	0.75	0.46	0.53	-0.01	0.58	0.29	-0.03	-0.41	0.64	0.61	-0.35	-0.44	0.46	0.35	-0.02	-0.04	0.67
Total Current Liabilities	0.67	0.55	0.56		0.08	0.54	0.18	0.22	0.13	0.49	0.13	0.77	0.17	0.57	0.34	0.38	-0.08	0.95	0.69	0.18	-0.25	0.91	0.67	-0.17	-0.56	0.44
Total Stockholder Equity	0.77	-0.63	0.33	0.08		0.25	-0.87	0.35	0.82	0.69	0.82	0.5	0.63	-0.39	0.37	0.06	-0.52	-0.03	0.76	-0.65	0.47	0.24	0.33	-0.13	-0.44	0.68
Property Plant And Equipment Net	0.58	0.38	0.52	0.54	0.25		0.09	0.64	0.29	0.64	0.27	0.43	-0.11	0.59	0.42	0.74	-0.17	0.6	0.51	-0.14	-0.36	0.52	0.82	-0.75	-0.25	0.72
Net Debt	-0.5	0.76	-0.18	0.18	-0.87	0.09		-0.05	-0.86	-0.45	-0.86	-0.15	-0.67	0.56	-0.37	0.27	0.39	0.3	-0.5	0.59	-0.63	0.1	0.03	-0.26	0.28	-0.35
Retained Earnings	0.52	0.14	0.67	0.22	0.35	0.64	-0.05		0.27	0.62	0.25	0.44	-0.14	0.47	0.09	0.22	-0.68	0.38	0.45	-0.57	-0.64	0.32	0.47	-0.53	0.21	0.77
Cash	0.7	-0.36	0.46	0.13	0.82	0.29	-0.86	0.27		0.69	1.0	0.26	0.66	-0.2	0.59	-0.03	-0.43	0.08	0.67	-0.47	0.38	0.13	0.26	0.04	-0.46	0.64
Non Current Assets Total	0.87	0.01	0.75	0.49	0.69	0.64	-0.45	0.62	0.69		0.69	0.58	0.25	0.34	0.55	0.22	-0.35	0.51	0.79	-0.46	-0.09	0.51	0.47	-0.2	-0.32	0.91
Cash And Short Term Investments	0.7	-0.36	0.46	0.13	0.82	0.27	-0.86	0.25	1.0	0.69		0.26	0.66	-0.21	0.58	-0.06	-0.42	0.08	0.67	-0.47	0.38	0.13	0.23	0.08	-0.46	0.62
Net Receivables	0.85	0.07	0.53	0.77	0.5	0.43	-0.15	0.44	0.26	0.58	0.26		0.34	0.23	0.18	0.24	-0.44	0.71	0.88	-0.32	-0.09	0.89	0.69	-0.24	-0.52	0.61
Common Stock Shares Outstanding	0.48	-0.42	-0.01	0.17	0.63	-0.11	-0.67	-0.14	0.66	0.25	0.66	0.34		-0.55	0.2	-0.14	-0.38	-0.02	0.53	-0.09	0.61	0.22	0.18	0.15	-0.67	0.27
Non Current Liabilities Total	0.18	0.81	0.58	0.57	-0.39	0.59	0.56	0.47	-0.2	0.34	-0.21	0.23	-0.55		0.22	0.26	0.1	0.76	0.12	0.07	-0.8	0.48	0.35	-0.24	0.2	0.3
Inventory	0.51	0.04	0.29	0.34	0.37	0.42	-0.37	0.09	0.59	0.55	0.58	0.18	0.2	0.22		0.27	-0.06	0.35	0.48	-0.27	0.17	0.38	0.41	-0.1	-0.43	0.45
Other Current Assets	0.26	0.28	-0.03	0.38	0.06	0.74	0.27	0.22	-0.03	0.22	-0.06	0.24	-0.14	0.26	0.27		0.12	0.33	0.24	0.18	-0.1	0.39	0.7	-0.81	-0.41	0.37
Other Stockholder Equity	-0.49	0.25	-0.41	-0.08	-0.52	-0.17	0.39	-0.68	-0.43	-0.35	-0.42	-0.44	-0.38	0.1	-0.06	0.12		-0.12	-0.5	0.6	0.23	-0.2	-0.34	0.21	0.02	-0.54
Total Liab	0.61	0.7	0.64	0.95	-0.03	0.6	0.3	0.38	0.08	0.51	0.08	0.71	-0.02	0.76	0.35	0.33	-0.12		0.61	0.08	-0.49	0.86	0.64	-0.2	-0.38	0.48
Total Current Assets	0.99	-0.08	0.61	0.69	0.76	0.51	-0.5	0.45	0.67	0.79	0.67	0.88	0.53	0.12	0.48	0.24	-0.5	0.61		-0.44	0.1	0.77	0.67	-0.19	-0.64	0.77
Short Term Debt	-0.47	0.54	-0.35	0.18	-0.65	-0.14	0.59	-0.57	-0.47	-0.46	-0.47	-0.32	-0.09	0.07	-0.27	0.18	0.6	0.08	-0.44		0.0	-0.09	-0.19	0.11	-0.18	-0.48
Common Stock	0.06	-0.7	-0.44	-0.25	0.47	-0.36	-0.63	-0.64	0.38	-0.09	0.38	-0.09	0.61	-0.8	0.17	-0.1	0.23	-0.49	0.1	0.0		-0.18	-0.15	0.27	-0.5	-0.19
Accounts Payable	0.74	0.35	0.46	0.91	0.24	0.52	0.1	0.32	0.13	0.51	0.13	0.89	0.22	0.48	0.38	0.39	-0.2	0.86	0.77	-0.09	-0.18		0.75	-0.31	-0.56	0.53
Current Deferred Revenue	0.67	0.23	0.35	0.67	0.33	0.82	0.03	0.47	0.26	0.47	0.23	0.69	0.18	0.35	0.41	0.7	-0.34	0.64	0.67	-0.19	-0.15	0.75		-0.73	-0.54	0.64
Good Will	-0.23	-0.17	-0.02	-0.17	-0.13	-0.75	-0.26	-0.53	0.04	-0.2	0.08	-0.24	0.15	-0.24	-0.1	-0.81	0.21	-0.2	-0.19	0.11	0.27	-0.31	-0.73		0.15	-0.49
Intangible Assets	-0.59	-0.02	-0.04	-0.56	-0.44	-0.25	0.28	0.21	-0.46	-0.32	-0.46	-0.52	-0.67	0.2	-0.43	-0.41	0.02	-0.38	-0.64	-0.18	-0.5	-0.56	-0.54	0.15		-0.37
Non Currrent Assets Other	0.85	0.05	0.67	0.44	0.68	0.72	-0.35	0.77	0.64	0.91	0.62	0.61	0.27	0.3	0.45	0.37	-0.54	0.48	0.77	-0.48	-0.19	0.53	0.64	-0.49	-0.37

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BioRem Account Relationship Matchups

BioRem fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.6M	22.0M	19.2M	20.7M	24.1M	15.1M
Other Current Liab	1.9M	3.3M	3.4M	4.2M	2.7M	2.0M
Total Current Liabilities	5.9M	7.8M	13.2M	12.9M	13.9M	7.9M
Total Stockholder Equity	11.7M	13.5M	2.0M	4.5M	6.7M	6.0M
Property Plant And Equipment Net	372.9K	1.4M	1.1M	1.0M	2.0M	2.1M
Net Debt	(6.4M)	(8.0M)	1.2M	971.1K	1.9M	2.0M
Retained Earnings	(9.1M)	(7.0M)	(5.7M)	(4.1M)	(1.9M)	(2.0M)
Cash	6.5M	8.9M	4.5M	3.8M	2.3M	3.1M
Non Current Assets Total	3.1M	3.7M	3.0M	3.0M	3.5M	1.9M
Cash And Short Term Investments	6.5M	8.9M	4.5M	3.8M	2.3M	2.7M
Net Receivables	5.7M	7.6M	10.1M	12.2M	15.1M	7.8M
Common Stock Shares Outstanding	38.7M	39.5M	37.4M	17.6M	17.1M	22.9M
Liabilities And Stockholders Equity	17.6M	22.0M	19.2M	20.7M	24.1M	15.1M
Inventory	1.3M	944.8K	901.7K	888.0K	901.1K	764.8K
Other Current Assets	1.0M	857.3K	658.9K	870.6K	2.3M	2.4M
Other Stockholder Equity	2.2M	2.2M	2.2M	2.3M	2.4M	2.3M
Total Liab	5.9M	8.4M	17.2M	16.2M	17.4M	9.0M
Total Current Assets	14.5M	18.3M	16.2M	17.8M	20.6M	12.4M
Accounts Payable	2.4M	1.8M	5.1M	4.7M	6.1M	3.4M
Accumulated Other Comprehensive Income	1.4M	1.1M	597.3K	1.4M	1.3M	653.8K
Current Deferred Revenue	1.6M	2.5M	3.0M	2.6M	4.3M	4.5M
Net Tangible Assets	12.9M	11.7M	13.5M	2.0M	2.3M	2.1M
Property Plant Equipment	262.5K	372.9K	1.4M	1.1M	1.3M	1.4M
Net Invested Capital	11.7M	13.5M	7.0M	8.8M	9.7M	8.1M
Net Working Capital	8.6M	10.5M	2.9M	4.9M	6.7M	5.8M

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