| GENCON Stock | | | 42.07 2.28 5.73% |
Generic Engineering financial indicator trend analysis is much more than just examining Generic Engineering latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generic Engineering is a good investment. Please check the relationship between Generic Engineering Accounts Payable and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generic Engineering Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Accounts Payable vs Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Generic Engineering Accounts Payable account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Generic Engineering's Accounts Payable and Inventory is 0.69. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Generic Engineering Construction, assuming nothing else is changed. The correlation between historical values of Generic Engineering's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Generic Engineering Construction are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Generic Engineering's Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Generic Engineering 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 Generic Engineering 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.
Inventory
Most indicators from Generic Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generic Engineering 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generic Engineering Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
The current year's
Selling General Administrative is expected to grow to about 31.4
M, whereas
Tax Provision is forecasted to decline to about 1.1
M.
Generic Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Generic Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Generic Engineering fundamental ratios Accounts
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Other Information on Investing in Generic Stock
Balance Sheet is a snapshot of the
financial position of Generic Engineering at a specified time, usually calculated after every quarter, six months, or one year. Generic Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Generic Engineering and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Generic currently owns. An asset can also be divided into two categories, current and non-current.