Community Payables Turnover vs Roic Analysis

CHCT Stock  USD 18.32  0.22  1.22%   
Community Healthcare financial indicator trend analysis is way more than just evaluating Community Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Community Healthcare is a good investment. Please check the relationship between Community Healthcare Payables Turnover and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Payables Turnover vs Roic

JavaScript chart by amCharts 3.21.152014201620182020202220241.21.41.61.82.02.22.42.62.83.03.23.4 05001K1.5K2K2.5K3K3.5K4K
JavaScript chart by amCharts 3.21.15Payables Turnovertotal: 27.344575274447546Roictotal: 8.7K

Payables Turnover vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Community Healthcare Payables Turnover account and Roic. At this time, the significance of the direction appears to have very week relationship.
Payables TurnoverRoicDiversified AwayPayables TurnoverRoicDiversified Away100%
The correlation between Community Healthcare's Payables Turnover and Roic is 0.21. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Roic in the same time period over historical financial statements of Community Healthcare Trust, assuming nothing else is changed. The correlation between historical values of Community Healthcare's Payables Turnover and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Community Healthcare Trust are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Payables Turnover i.e., Community Healthcare's Payables Turnover and Roic go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Community Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Community Healthcare 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 Community Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Community Healthcare's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 321.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 44 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit75.4M81.0M92.1M51.6M
Total Revenue90.6M97.7M112.8M63.4M

Community Healthcare fundamental ratios Correlations

0.990.910.720.720.980.980.920.580.970.98-0.240.460.810.990.28-0.290.950.990.170.460.980.96-0.950.910.96
0.990.890.70.70.990.970.90.570.990.95-0.220.480.810.970.26-0.330.910.970.140.410.950.92-0.920.880.93
0.910.890.670.670.860.91.00.740.870.93-0.210.410.720.920.530.00.910.930.10.470.930.92-0.971.00.93
0.720.70.671.00.660.650.680.290.670.71-0.010.230.440.680.05-0.40.780.730.710.830.760.75-0.740.680.73
0.720.70.671.00.660.650.680.290.670.71-0.010.230.440.680.05-0.40.780.730.710.830.760.75-0.740.680.73
0.980.990.860.660.660.960.870.591.00.93-0.210.510.760.950.29-0.310.880.940.110.330.920.9-0.880.850.9
0.980.970.90.650.650.960.910.560.960.97-0.240.540.820.980.27-0.330.910.980.140.380.960.94-0.940.890.94
0.920.91.00.680.680.870.910.730.870.94-0.210.410.730.920.51-0.020.910.940.10.480.940.92-0.981.00.93
0.580.570.740.290.290.590.560.730.590.590.280.470.380.580.890.50.580.53-0.210.140.540.58-0.60.730.55
0.970.990.870.670.671.00.960.870.590.92-0.210.520.760.940.28-0.330.870.940.120.330.920.89-0.890.850.88
0.980.950.930.710.710.930.970.940.590.92-0.230.480.780.980.33-0.220.950.990.20.480.990.97-0.960.930.98
-0.24-0.22-0.21-0.01-0.01-0.21-0.24-0.210.28-0.21-0.230.34-0.14-0.230.210.25-0.13-0.280.120.16-0.26-0.270.25-0.21-0.29
0.460.480.410.230.230.510.540.410.470.520.480.340.470.440.18-0.260.310.420.14-0.060.420.36-0.410.390.31
0.810.810.720.440.440.760.820.730.380.760.78-0.140.470.840.03-0.360.740.83-0.10.390.780.71-0.810.710.76
0.990.970.920.680.680.950.980.920.580.940.98-0.230.440.840.29-0.260.950.990.110.470.980.96-0.950.910.98
0.280.260.530.050.050.290.270.510.890.280.330.210.180.030.290.770.360.25-0.270.00.280.36-0.340.530.32
-0.29-0.330.0-0.4-0.4-0.31-0.33-0.020.5-0.33-0.220.25-0.26-0.36-0.260.77-0.16-0.3-0.47-0.21-0.26-0.20.20.01-0.19
0.950.910.910.780.780.880.910.910.580.870.95-0.130.310.740.950.36-0.160.950.260.660.960.96-0.940.910.97
0.990.970.930.730.730.940.980.940.530.940.99-0.280.420.830.990.25-0.30.950.180.510.990.97-0.980.930.98
0.170.140.10.710.710.110.140.1-0.210.120.20.120.14-0.10.11-0.27-0.470.260.180.610.240.23-0.190.110.19
0.460.410.470.830.830.330.380.480.140.330.480.16-0.060.390.470.0-0.210.660.510.610.540.53-0.560.490.56
0.980.950.930.760.760.920.960.940.540.920.99-0.260.420.780.980.28-0.260.960.990.240.540.98-0.970.930.99
0.960.920.920.750.750.90.940.920.580.890.97-0.270.360.710.960.36-0.20.960.970.230.530.98-0.950.920.98
-0.95-0.92-0.97-0.74-0.74-0.88-0.94-0.98-0.6-0.89-0.960.25-0.41-0.81-0.95-0.340.2-0.94-0.98-0.19-0.56-0.97-0.95-0.97-0.96
0.910.881.00.680.680.850.891.00.730.850.93-0.210.390.710.910.530.010.910.930.110.490.930.92-0.970.93
0.960.930.930.730.730.90.940.930.550.880.98-0.290.310.760.980.32-0.190.970.980.190.560.990.98-0.960.93
Click cells to compare fundamentals

Community Healthcare Account Relationship Matchups

Community Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets562.5M668.4M754.2M876.4M945.4M551.5M
Total Stockholder Equity353.4M429.9M462.1M496.8M513.3M344.0M
Net Debt192.5M210.7M263.3M341.8M403.8M424.0M
Cash1.7M2.5M2.4M11.2M3.5M3.2M
Cash And Short Term Investments1.7M2.5M2.4M11.2M3.5M3.2M
Common Stock Total Equity214K239K250K259K297.9K187.9K
Common Stock Shares Outstanding18.7M21.6M23.3M23.6M25.2M18.4M
Liabilities And Stockholders Equity562.5M668.4M754.2M876.4M945.4M551.5M
Total Liab209.1M238.5M292.1M379.6M432.2M453.8M
Total Current Assets2.0M31.9M2.9M12.1M70.2M73.7M
Common Stock214K239K250K259K276K199.4K
Short Long Term Debt Total209.2M245.4M277.6M353.1M407.3M225.5M
Other Current Liab(15M)8.3M(12M)183K197K206.9K
Total Current Liabilities3.6M41.3M7.8M11.4M12.2M16.0M
Other Liab6.4M20.4M18.7M11.2M12.8M9.8M
Net Tangible Assets353.4M429.9M462.1M496.8M571.3M359.4M
Property Plant And Equipment Net139K821K2.7M3.3M852.7M895.3M
Retained Earnings(89.9M)(108.9M)(128.8M)(151.2M)88.9M93.3M
Accounts Payable3.6M5.7M7.8M11.4M12.0M6.4M
Non Current Assets Total560.5M636.5M751.4M864.4M856.5M585.1M
Non Currrent Assets Other35.2M1.6M50.3M835.7M1.2M1.1M
Other Assets1.7M14.5M15.4M39.9M18.7M15.7M
Long Term Debt194.2M212.4M265.6M353.0M353.3M206.3M
Net Receivables31.8M28.4M43.1M53.8M56.9M35.9M
Retained Earnings Total Equity(107.5M)(145.5M)(187.9M)(232.4M)(209.2M)(198.7M)
Short Term Investments258K902K343K22.7M16.4M17.2M
Long Term Debt Total194.2M212.4M265.6M353.0M405.9M426.2M
Non Current Liabilities Total205.5M197.1M284.3M368.2M419.9M214.6M
Capital Surpluse447.9M550.4M595.6M625.1M718.9M443.1M
Inventory2.3M32.3M(343K)(22.7M)18.7M19.7M
Other Current Assets(33.8M)(31.3M)(46.0M)(65.9M)8.6M9.0M
Other Stockholder Equity537.8M659.3M724.4M776.4M688.2M536.5M
Deferred Long Term Liab693K479K896K683K614.7K540.3K
Short Long Term Debt4.8M33M12M50M45M26.1M
Accumulated Other Comprehensive Income(4.8M)(11.8M)(5.0M)22.7M(175.2M)(166.4M)
Non Current Liabilities Other11.3M20.4M18.7M7.3M7.4M9.7M
Short Term Debt15M33M12M141K197K187.2K
Intangible Assets144K617K611K2.4M2.6M2.5M
Property Plant Equipment525.3M632.5M701.0M777.8M894.5M514.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Community Stock Analysis

When running Community Healthcare's price analysis, check to measure Community Healthcare's 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 Community Healthcare is operating at the current time. Most of Community Healthcare's value examination focuses on studying past and present price action to predict the probability of Community Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Community Healthcare's price. Additionally, you may evaluate how the addition of Community Healthcare to your portfolios can decrease your overall portfolio volatility.
News Freq…Investor S…