GGG Days Sales Outstanding vs Average Payables Analysis
GGG Stock | CAD 0.04 0.00 0.00% |
G6 Materials financial indicator trend analysis is much more than just examining G6 Materials Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether G6 Materials Corp is a good investment. Please check the relationship between G6 Materials Days Sales Outstanding and its Average Payables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in G6 Materials Corp. 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.
Days Sales Outstanding vs Average Payables
Days Sales Outstanding vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of G6 Materials Corp Days Sales Outstanding account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between G6 Materials' Days Sales Outstanding and Average Payables is -0.44. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Average Payables in the same time period over historical financial statements of G6 Materials Corp, assuming nothing else is changed. The correlation between historical values of G6 Materials' Days Sales Outstanding and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of G6 Materials Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Days Sales Outstanding i.e., G6 Materials' Days Sales Outstanding and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Days Sales Outstanding
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from G6 Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into G6 Materials Corp 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 G6 Materials Corp. 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. Issuance Of Capital Stock is likely to climb to about 5.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.
G6 Materials fundamental ratios Correlations
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G6 Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
G6 Materials fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2M | 5.9M | 3.8M | 1.4M | 1.7M | 1.6M | |
Total Current Liabilities | 449.1K | 237.7K | 262.0K | 469.5K | 540.0K | 567.0K | |
Total Stockholder Equity | 716.6K | 5.5M | 3.5M | 971.5K | 1.1M | 1.4M | |
Property Plant And Equipment Net | 119.5K | 262.1K | 227.2K | 171.5K | 197.2K | 226.7K | |
Net Debt | (422.8K) | (4.6M) | (2.0M) | (329.8K) | (296.8K) | (311.7K) | |
Retained Earnings | (10.4M) | (11.5M) | (16.2M) | (18.9M) | (17.1M) | (16.2M) | |
Cash | 561.7K | 4.9M | 2.1M | 390.4K | 449.0K | 827.7K | |
Non Current Assets Total | 381.3K | 480.3K | 401.7K | 302.4K | 347.7K | 418.9K | |
Cash And Short Term Investments | 561.7K | 4.9M | 2.1M | 390.4K | 449.0K | 827.7K | |
Net Receivables | 8.6K | 24.9K | 51.7K | 55.3K | 63.6K | 43.1K | |
Liabilities And Stockholders Equity | 1.2M | 5.9M | 3.8M | 1.4M | 1.7M | 1.6M | |
Total Liab | 449.1K | 387.4K | 262.0K | 469.5K | 540.0K | 567.0K | |
Total Current Assets | 784.4K | 5.4M | 3.4M | 1.1M | 1.3M | 1.2M | |
Common Stock Shares Outstanding | 8.2M | 10.3M | 12.8M | 16.4M | 18.8M | 19.8M | |
Net Tangible Assets | 454.8K | 5.3M | 3.3M | 840.6K | 966.6K | 1.4M | |
Accounts Payable | 214.8K | 137.6K | 135.6K | 215.8K | 248.1K | 154.9K | |
Other Current Assets | (1.0) | 141.7K | 219.1K | 118.6K | 136.4K | 82.6K | |
Common Stock | 7.4M | 8.3M | 13.8M | 16.5M | 19.0M | 19.9M | |
Property Plant Equipment | 119.5K | 262.1K | 227.2K | 171.5K | 197.2K | 219.7K | |
Inventory | 162.1K | 386.9K | 970.0K | 574.3K | 660.5K | 417.9K | |
Accumulated Other Comprehensive Income | (82.8K) | 108.4K | (94.0K) | (164.4K) | (147.9K) | (140.5K) | |
Other Current Liab | 310.2K | 150.2K | 148.4K | 408.9K | 470.2K | 493.8K | |
Intangible Assets | 261.8K | 218.2K | 174.5K | 130.9K | 117.8K | 226.9K | |
Net Invested Capital | 799.9K | 5.5M | 3.5M | 971.5K | 1.1M | 2.1M | |
Net Working Capital | 335.3K | 5.2M | 3.1M | 669.1K | 769.4K | 731.0K |
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