Pact Non Current Assets Total vs Accounts Payable Analysis

PGH Stock   0.81  0.01  1.22%   
Pact Group financial indicator trend analysis is much more than just breaking down Pact Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pact Group Holdings is a good investment. Please check the relationship between Pact Group Non Current Assets Total and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pact Group Holdings. 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.

Non Current Assets Total vs Accounts Payable

Non Current Assets Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pact Group Holdings Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pact Group's Non Current Assets Total and Accounts Payable is 0.76. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Pact Group Holdings, assuming nothing else is changed. The correlation between historical values of Pact Group's Non Current Assets Total 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 Non Current Assets Total of Pact Group Holdings 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 Non Current Assets Total i.e., Pact Group's Non Current Assets Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Accounts Payable

An accounting item on the balance sheet that represents Pact Group 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 Pact Group Holdings 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 Pact Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pact Group Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pact Group Holdings. 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.
Selling General Administrative is likely to drop to about 685.2 M in 2024. Tax Provision is likely to drop to about 4.4 M in 2024
 2021 2022 2023 2024 (projected)
Operating Income118.2M129.1M228.2M161.0M
Total Revenue1.8B1.9B1.8B1.6B

Pact Group fundamental ratios Correlations

0.690.72-0.02-0.740.840.94-0.33-0.46-0.040.970.650.590.430.740.930.690.90.760.960.880.98-0.760.920.810.64
0.690.50.48-0.590.70.74-0.27-0.64-0.410.660.590.11-0.060.720.580.820.420.760.550.380.62-0.370.680.530.46
0.720.5-0.06-0.380.610.66-0.4-0.42-0.170.740.440.670.350.360.740.440.730.570.770.720.78-0.540.740.710.7
-0.020.48-0.06-0.060.380.08-0.04-0.27-0.550.040.5-0.45-0.550.25-0.20.62-0.390.37-0.27-0.42-0.140.31-0.02-0.090.04
-0.74-0.59-0.38-0.06-0.71-0.750.160.290.04-0.75-0.53-0.12-0.21-0.89-0.65-0.52-0.63-0.44-0.63-0.61-0.640.52-0.64-0.64-0.4
0.840.70.610.38-0.710.85-0.1-0.34-0.230.870.80.280.080.80.720.780.60.810.70.570.76-0.40.790.720.61
0.940.740.660.08-0.750.85-0.34-0.51-0.140.950.670.430.310.790.860.690.790.770.860.750.88-0.690.970.750.58
-0.33-0.27-0.4-0.040.16-0.1-0.340.650.23-0.39-0.32-0.32-0.09-0.11-0.28-0.36-0.32-0.31-0.34-0.31-0.370.4-0.4-0.25-0.16
-0.46-0.64-0.42-0.270.29-0.34-0.510.650.64-0.47-0.62-0.080.3-0.45-0.48-0.56-0.29-0.65-0.42-0.26-0.430.23-0.49-0.44-0.09
-0.04-0.41-0.17-0.550.04-0.23-0.140.230.64-0.07-0.640.320.57-0.25-0.04-0.380.2-0.40.040.230.0-0.23-0.1-0.05-0.13
0.970.660.740.04-0.750.870.95-0.39-0.47-0.070.70.580.350.740.920.650.870.750.920.840.94-0.690.940.860.68
0.650.590.440.5-0.530.80.67-0.32-0.62-0.640.70.05-0.180.710.580.720.360.790.510.330.56-0.250.590.550.43
0.590.110.67-0.45-0.120.280.43-0.32-0.080.320.580.050.69-0.070.60.120.810.20.740.820.72-0.680.60.540.65
0.43-0.060.35-0.55-0.210.080.31-0.090.30.570.35-0.180.69-0.030.38-0.050.65-0.120.530.670.51-0.840.370.150.39
0.740.720.360.25-0.890.80.79-0.11-0.45-0.250.740.71-0.07-0.030.690.650.490.70.60.470.61-0.370.640.640.3
0.930.580.74-0.2-0.650.720.86-0.28-0.48-0.040.920.580.60.380.690.450.90.70.960.890.93-0.670.860.90.61
0.690.820.440.62-0.520.780.69-0.36-0.56-0.380.650.720.12-0.050.650.450.370.810.490.330.61-0.370.610.380.35
0.90.420.73-0.39-0.630.60.79-0.32-0.290.20.870.360.810.650.490.90.370.470.971.00.95-0.840.830.770.64
0.760.760.570.37-0.440.810.77-0.31-0.65-0.40.750.790.2-0.120.70.70.810.470.660.430.7-0.290.740.660.41
0.960.550.77-0.27-0.630.70.86-0.34-0.420.040.920.510.740.530.60.960.490.970.660.960.99-0.790.890.830.66
0.880.380.72-0.42-0.610.570.75-0.31-0.260.230.840.330.820.670.470.890.331.00.430.960.93-0.840.80.760.62
0.980.620.78-0.14-0.640.760.88-0.37-0.430.00.940.560.720.510.610.930.610.950.70.990.93-0.80.910.790.67
-0.76-0.37-0.540.310.52-0.4-0.690.40.23-0.23-0.69-0.25-0.68-0.84-0.37-0.67-0.37-0.84-0.29-0.79-0.84-0.8-0.71-0.42-0.47
0.920.680.74-0.02-0.640.790.97-0.4-0.49-0.10.940.590.60.370.640.860.610.830.740.890.80.91-0.710.770.66
0.810.530.71-0.09-0.640.720.75-0.25-0.44-0.050.860.550.540.150.640.90.380.770.660.830.760.79-0.420.770.66
0.640.460.70.04-0.40.610.58-0.16-0.09-0.130.680.430.650.390.30.610.350.640.410.660.620.67-0.470.660.66
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Pact Group Account Relationship Matchups

Pact Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.1B2.2B2.2B2.0B1.8B
Other Current Liab159.7M96.7M117.1M100.6M114.0M110.7M
Total Current Liabilities511.5M491.2M537.2M532.4M537.6M461.9M
Other Liab27.9M30.2M28.2M25.9M29.7M28.2M
Retained Earnings(476.6M)(416.2M)(436.7M)(448.3M)(373.5M)(392.1M)
Accounts Payable261.4M273.2M319.5M327.9M309.4M280.6M
Cash76.0M62.2M101.5M79.1M68.2M53.5M
Other Assets22.9M36.1M1.048.2M43.4M26.3M
Long Term Debt689.5M647.2M659.9M663.6M484.1M640.1M
Net Receivables162.0M129.3M138.5M104.4M99.9M94.9M
Inventory223.7M242.7M284.6M252.2M244.9M197.3M
Other Current Assets14.8M68.7M56.3M73.0M67.1M49.0M
Total Liab1.8B1.7B1.8B1.8B1.5B1.5B
Intangible Assets456.1M459.4M425.7M428.5M496K471.2K
Property Plant Equipment996.0M1.0B1.0B1.0B1.2B776.0M
Good Will442.5M447.4M425.2M428.0M314.1M433.5M
Short Long Term Debt Total1.1B1.1B1.1B1.2B996.4M909.7M
Total Stockholder Equity372.6M431.9M423.8M408.7M474.2M424.7M
Property Plant And Equipment Net996.0M1.0B1.0B1.0B969.4M853.0M
Net Debt1.1B1.1B1.0B1.1B928.2M847.1M
Non Current Assets Total1.6B1.7B1.7B1.7B1.5B1.4B
Non Currrent Assets Other(439.6M)(445.4M)(423.1M)(426.8M)413K433.7K
Cash And Short Term Investments76.0M62.2M101.5M79.1M69.4M62.5M
Common Stock Shares Outstanding345.3M346.2M346.9M344.3M346.2M342.8M
Short Term Investments784K1.7M4.2M1.7M1.1M1.4M
Liabilities And Stockholders Equity2.1B2.1B2.2B2.2B2.0B1.9B
Non Current Liabilities Total1.2B1.2B1.2B1.3B940.4M953.6M
Other Stockholder Equity(1.3B)(1.0)(1.3B)(1.3B)(1.5B)(1.6B)
Property Plant And Equipment Gross996.0M1.9B2.0B2.2B2.0B1.2B
Total Current Assets476.5M465.0M538.8M510.4M480.8M447.9M
Accumulated Other Comprehensive Income(901.3M)(902.4M)(891.3M)(894.7M)(904.1M)(949.3M)
Short Term Debt69.2M45.7M74.4M81.8M81.3M55.5M
Net Tangible Assets(83.4M)(27.5M)(1.9M)(19.8M)(22.8M)(23.9M)
Current Deferred Revenue21.2M25.2M13.1M11.1M32.8M34.4M
Long Term Investments31.0M35.1M54.2M49.4M143.4M150.6M
Short Long Term Debt667.3M1.8M2.4M1.0M3.1M2.9M
Long Term Debt Total1.1B1.0B1.1B1.1B1.3B956.8M
Non Current Liabilities Other616K4.3M8.5M8.3M9.6M4.9M

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