Corby Total Current Assets vs Total Assets Analysis
CSW-B Stock | CAD 12.17 0.03 0.25% |
Corby Spirit financial indicator trend analysis is way more than just evaluating Corby Spirit prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corby Spirit is a good investment. Please check the relationship between Corby Spirit Total Current Assets and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corby Spirit Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Corby Spirit's Total Current Assets and Total Assets is 0.6. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Corby Spirit and, assuming nothing else is changed. The correlation between historical values of Corby Spirit's Total Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Corby Spirit and are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Corby Spirit's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Assets
Total assets refers to the total amount of Corby Spirit assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Corby Spirit books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Corby Spirit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Corby Spirit's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 14.88 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | |
Gross Profit | 96.1M | 94.1M | 115.8M | 104.2M |
Total Revenue | 159.4M | 163.0M | 229.7M | 173.5M |
Corby Spirit fundamental ratios Correlations
Click cells to compare fundamentals
Corby Spirit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corby Spirit fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 234.4M | 254.2M | 253.5M | 362.6M | 420.5M | 293.0M | |
Other Current Liab | 10.1M | 6.8M | 10.2M | 19.0M | 13.5M | 8.1M | |
Total Current Liabilities | 40.4M | 47.9M | 54.6M | 69.7M | 76.7M | 49.1M | |
Total Stockholder Equity | 172.6M | 187.8M | 183.2M | 180.0M | 181.6M | 197.5M | |
Other Liab | 17.8M | 15.5M | 13.2M | 12.6M | 11.3M | 13.4M | |
Net Tangible Assets | 136.4M | 160.2M | 113.2M | 120.1M | 108.1M | 105.6M | |
Retained Earnings | 160.2M | 166.7M | 163.7M | 160.6M | 158.8M | 132.3M | |
Accounts Payable | 24.9M | 37.1M | 43.2M | 48.1M | 43.9M | 36.7M | |
Cash | 81.7M | 94.4M | 52.5M | 155.0M | 4.6M | 4.4M | |
Other Assets | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 5.0M | |
Net Receivables | 26.3M | 35.7M | 38.3M | 39.6M | 51.5M | 36.7M | |
Inventory | 61.3M | 60.8M | 61.1M | 75.2M | 94.7M | 69.9M | |
Other Stockholder Equity | (1.9M) | 6.8M | 5.2M | 5.1M | 5.9M | 6.2M | |
Total Liab | 61.8M | 66.4M | 70.3M | 182.6M | 222.7M | 233.8M | |
Total Current Assets | 169.8M | 192.2M | 152.5M | 270.5M | 179.3M | 196.9M | |
Intangible Assets | 27.4M | 18.8M | 61.3M | 51.2M | 91.0M | 49.2M | |
Property Plant Equipment | 23.7M | 22.7M | 24.2M | 25.2M | 29.0M | 20.8M | |
Non Current Assets Total | 64.6M | 62.0M | 101.0M | 92.1M | 241.2M | 253.2M | |
Non Currrent Assets Other | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 14.5M | |
Non Current Liabilities Total | 21.4M | 18.5M | 15.7M | 112.9M | 146.0M | 153.3M | |
Net Invested Capital | 172.6M | 187.9M | 183.2M | 278.0M | 301.6M | 227.5M | |
Net Working Capital | 129.4M | 143.2M | 97.9M | 200.8M | 102.6M | 145.7M |
Pair Trading with Corby Spirit
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Corby Spirit position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Corby Spirit will appreciate offsetting losses from the drop in the long position's value.Moving against Corby Stock
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Corby Spirit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Corby Spirit and to buy it.
The correlation of Corby Spirit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Corby Spirit can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to measure Corby Spirit'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 Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.