MDLZ Stock | | | USD 64.95 0.11 0.17% |
Mondelez International financial indicator trend analysis is infinitely more than just investigating Mondelez International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mondelez International is a good investment. Please check the relationship between Mondelez International Other Current Assets and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mondelez International. 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.
For more information on how to buy Mondelez Stock please use our
How to Invest in Mondelez International guide.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mondelez International Other Current Assets account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mondelez International's Other Current Assets and Accounts Payable is 0.61. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Mondelez International, assuming nothing else is changed. The correlation between historical values of Mondelez International's Other Current Assets 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 Other Current Assets of Mondelez International 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 Other Current Assets i.e., Mondelez International's Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Accounts Payable
An accounting item on the balance sheet that represents Mondelez International 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 Mondelez International 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 Mondelez International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mondelez International 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mondelez International. 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.
For more information on how to buy Mondelez Stock please use our
How to Invest in Mondelez International guide.At this time, Mondelez International's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 122.7
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 5.7
B in 2024.
Mondelez International fundamental ratios Correlations
Click cells to compare fundamentals
Mondelez International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mondelez International fundamental ratios Accounts
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