Culp Minority Interest vs Other Operating Expenses Analysis
CULP Stock | USD 5.78 0.40 7.43% |
Culp financial indicator trend analysis is way more than just evaluating Culp Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Culp Inc is a good investment. Please check the relationship between Culp Minority Interest and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Culp 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 bureau of economic analysis.
Minority Interest vs Other Operating Expenses
Minority Interest vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Culp Inc Minority Interest account and Other Operating Expenses. At this time, the significance of the direction appears to have no relationship.
The correlation between Culp's Minority Interest and Other Operating Expenses is 0.01. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Culp Inc, assuming nothing else is changed. The correlation between historical values of Culp's Minority Interest and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Culp Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Minority Interest i.e., Culp's Minority Interest and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Culp Inc whose combined shares represent less than 50% of the total outstanding shares issued by Culp have a minority interest in Culp.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Culp Inc. It is also known as Culp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Culp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Culp 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 Culp 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 bureau of economic analysis. At this time, Culp's Tax Provision is relatively stable compared to the past year. As of 12/13/2024, Sales General And Administrative To Revenue is likely to grow to 0.04, though Enterprise Value Over EBITDA is likely to grow to (2.50).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 17K | 6.2M | 11K | 10.5K | Depreciation And Amortization | 7.6M | 7.3M | 6.9M | 7.8M |
Culp fundamental ratios Correlations
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Culp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Culp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 215.1M | 214.1M | 177.6M | 152.2M | 132.1M | 195.4M | |
Short Long Term Debt Total | 42.2M | 9.6M | 10.3M | 6.3M | 4.5M | 4.3M | |
Other Current Liab | 6.1M | 14.8M | 7.8M | 9.9M | 8.0M | 8.2M | |
Total Current Liabilities | 40.1M | 61.2M | 32.6M | 44.0M | 38.1M | 43.3M | |
Total Stockholder Equity | 129.7M | 129.0M | 119.5M | 89.1M | 76.1M | 101.4M | |
Property Plant And Equipment Net | 47.1M | 55.7M | 57.3M | 44.3M | 39.4M | 44.4M | |
Net Debt | (27.6M) | (27.5M) | (4.3M) | (14.7M) | (5.5M) | (5.3M) | |
Retained Earnings | 86.5M | 84.4M | 75.7M | 44.2M | 30.4M | 28.9M | |
Non Current Assets Total | 63.4M | 70.9M | 70.4M | 56.7M | 51.2M | 62.9M | |
Non Currrent Assets Other | 664K | 2.0M | 595K | 2.6M | 2.3M | 3.2M | |
Net Receivables | 26.7M | 37.7M | 23.1M | 25.0M | 21.5M | 26.8M | |
Common Stock Shares Outstanding | 12.4M | 12.3M | 12.2M | 12.3M | 12.4M | 13.1M | |
Liabilities And Stockholders Equity | 215.1M | 214.1M | 177.6M | 152.2M | 132.1M | 195.4M | |
Non Current Liabilities Total | 45.3M | 23.8M | 25.5M | 19.1M | 17.8M | 16.9M | |
Inventory | 47.9M | 55.9M | 66.6M | 45.1M | 44.8M | 47.9M | |
Other Current Assets | 2.1M | 3.9M | 3.0M | 4.5M | 3.6M | 3.0M | |
Other Stockholder Equity | 42.6M | 43.8M | 43.1M | 44.3M | 45.0M | 47.5M | |
Total Liab | 85.4M | 85.1M | 58.1M | 63.1M | 55.9M | 68.3M | |
Property Plant And Equipment Gross | 47.1M | 55.7M | 57.3M | 44.3M | 39.9M | 44.7M | |
Total Current Assets | 151.7M | 143.2M | 107.2M | 95.5M | 80.9M | 109.0M | |
Accumulated Other Comprehensive Income | (10K) | 146K | 32K | 19K | 118K | 123.9K | |
Accounts Payable | 23.1M | 42.9M | 20.6M | 29.5M | 25.6M | 28.1M | |
Cash | 69.8M | 37.0M | 14.6M | 21.0M | 10.0M | 17.4M | |
Cash And Short Term Investments | 75.0M | 45.7M | 14.6M | 22.4M | 10.9M | 20.6M | |
Intangible Assets | 3.4M | 3.0M | 2.6M | 2.3M | 1.9M | 1.8M | |
Common Stock Total Equity | 623K | 620K | 615K | 616K | 708.4K | 675.9K | |
Common Stock | 623K | 620K | 615K | 616K | 624K | 673.1K | |
Other Assets | 9.3M | 11.0M | 10.5M | 10.1M | 11.6M | 11.4M | |
Property Plant Equipment | 47.1M | 55.7M | 57.3M | 44.3M | 39.9M | 43.2M | |
Current Deferred Revenue | 502K | 540K | 520K | 1.2M | 1.5M | 1.4M | |
Short Term Investments | 5.2M | 8.7M | 0.0 | 1.4M | 903K | 857.9K | |
Other Liab | 13.5M | 17.0M | 18.4M | 15.5M | 17.8M | 12.1M | |
Net Tangible Assets | 126.3M | 126.0M | 116.9M | 86.8M | 99.9M | 128.6M |
Pair Trading with Culp
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 Culp 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 Culp will appreciate offsetting losses from the drop in the long position's value.Moving together with Culp Stock
Moving against Culp Stock
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The ability to find closely correlated positions to Culp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Culp 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 Culp - 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 Culp Inc to buy it.
The correlation of Culp 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 Culp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Culp Inc 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 Culp 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 Culp Stock Analysis
When running Culp's price analysis, check to measure Culp'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 Culp is operating at the current time. Most of Culp's value examination focuses on studying past and present price action to predict the probability of Culp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Culp's price. Additionally, you may evaluate how the addition of Culp to your portfolios can decrease your overall portfolio volatility.