CMC Inventory vs Accounts Payable Analysis
CMB Stock | CAD 0.02 0.01 33.33% |
CMC Metals financial indicator trend analysis is way more than just evaluating CMC Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMC Metals is a good investment. Please check the relationship between CMC Metals Inventory and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMC Metals. 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 CMC Metals Inventory account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between CMC Metals' Inventory and Accounts Payable is -0.65. 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 CMC Metals, assuming nothing else is changed. The correlation between historical values of CMC Metals' 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 CMC Metals 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., CMC Metals' Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents CMC Metals 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 CMC Metals 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 CMC Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMC Metals 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 CMC Metals. 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. Enterprise Value is likely to climb to about 12.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 511.5 K in 2024.
CMC Metals fundamental ratios Correlations
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CMC Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CMC Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 694.8K | 1.0M | 1.7M | 946.2K | 1.1M | 1.0M | |
Total Current Liabilities | 936.4K | 798.6K | 925.1K | 942.1K | 1.1M | 1.1M | |
Total Stockholder Equity | (262.7K) | (196.5K) | 178.2K | (603.5K) | (543.2K) | (516.0K) | |
Net Debt | (279.5K) | (499.5K) | (858.9K) | (127.5K) | (146.6K) | (139.3K) | |
Retained Earnings | (21.5M) | (24.6M) | (28.8M) | (32.3M) | (29.1M) | (27.6M) | |
Accounts Payable | 228.7K | 283.7K | 394.7K | 433.2K | 498.2K | 523.1K | |
Cash | 300.6K | 524.1K | 891.7K | 166.0K | 190.8K | 269.4K | |
Non Current Assets Total | 258.2K | 402.3K | 487.5K | 582.2K | 524.0K | 497.8K | |
Cash And Short Term Investments | 300.6K | 524.1K | 916.7K | 191.0K | 219.6K | 307.6K | |
Net Receivables | 105.4K | 62.3K | 229.4K | 42.5K | 48.9K | 46.2K | |
Common Stock Shares Outstanding | 51.1M | 80.4M | 110.5M | 137.3M | 157.8M | 165.7M | |
Liabilities And Stockholders Equity | 694.8K | 1.0M | 1.7M | 946.2K | 1.1M | 1.0M | |
Other Current Assets | 30.5K | 30.7K | 77.6K | 130.5K | 150.1K | 157.6K | |
Other Stockholder Equity | 613.9K | 958.3K | 2.3M | (42K) | (37.8K) | (35.9K) | |
Total Liab | 957.5K | 1.2M | 1.5M | 1.5M | 1.8M | 1.6M | |
Total Current Assets | 436.5K | 617.1K | 1.2M | 364.0K | 418.6K | 422.9K | |
Short Long Term Debt Total | 21.1K | 24.6K | 32.9K | 38.4K | 44.2K | 42.0K | |
Non Currrent Assets Other | 258.2K | 402.3K | 421.0K | (42K) | (48.3K) | (45.9K) | |
Non Current Liabilities Total | 21.1K | 417.4K | 608.0K | 607.7K | 546.9K | 444.4K | |
Other Current Liab | 707.7K | 514.9K | 530.3K | 508.9K | 585.2K | 369.3K | |
Accumulated Other Comprehensive Income | 613.9K | 958.3K | 2.3M | 3.1M | 3.6M | 3.8M | |
Common Stock | 20.7M | 23.4M | 26.7M | 28.7M | 33.0M | 21.6M | |
Net Tangible Assets | (1.4M) | (262.7K) | (196.5K) | 178.2K | 205.0K | 215.2K | |
Other Assets | 256.4K | 258.2K | 402.3K | 421.0K | 484.2K | 317.2K | |
Net Invested Capital | (241.6K) | (171.8K) | 211.1K | (565.1K) | (649.9K) | (682.4K) | |
Net Working Capital | (499.9K) | (181.4K) | 298.7K | (578.1K) | (664.8K) | (698.0K) | |
Capital Stock | 20.7M | 23.4M | 26.7M | 28.7M | 33.0M | 25.2M |
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When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.