SCHMID Cash vs Inventory Analysis

SHMDW Stock   0.30  0.01  3.45%   
SCHMID Group financial indicator trend analysis is much more than just breaking down SCHMID Group NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SCHMID Group NV is a good investment. Please check the relationship between SCHMID Group Cash and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Cash vs Inventory

Cash vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SCHMID Group NV Cash account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between SCHMID Group's Cash and Inventory is 0.79. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of SCHMID Group NV, assuming nothing else is changed. The correlation between historical values of SCHMID Group's Cash 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 Cash of SCHMID Group NV 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 Cash i.e., SCHMID Group's Cash and Inventory go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash

Cash refers to the most liquid asset of SCHMID Group NV, which is listed under current asset account on SCHMID Group NV balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SCHMID Group customers. The amounts must be unrestricted with restricted cash listed in a different SCHMID Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Inventory

Most indicators from SCHMID Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SCHMID Group NV 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Sales General And Administrative To Revenue is likely to climb to 0.26 in 2024, whereas Tax Provision is likely to drop slightly above 1.6 M in 2024.
 2010 2022 2023 2024 (projected)
Depreciation And Amortization4.9M6.3M6.9M6.6M
Interest Income3.2M4.1M3.9M4.1M

SCHMID Group fundamental ratios Correlations

0.82-0.970.74-0.310.170.680.71-0.250.440.010.04-0.210.440.520.48-0.25-0.470.56-0.120.770.960.210.490.880.57
0.82-0.850.37-0.730.40.290.980.260.040.480.480.340.040.150.690.3-0.810.09-0.620.990.89-0.310.830.470.13
-0.97-0.85-0.750.31-0.05-0.71-0.760.22-0.360.030.020.16-0.36-0.61-0.390.20.44-0.580.14-0.78-0.91-0.14-0.47-0.81-0.62
0.740.37-0.750.35-0.520.990.2-0.790.82-0.42-0.48-0.720.820.72-0.23-0.750.220.940.490.230.530.72-0.170.910.86
-0.31-0.730.310.35-0.830.44-0.83-0.820.53-0.79-0.86-0.850.530.39-0.9-0.830.980.60.97-0.83-0.540.81-0.980.150.51
0.170.4-0.05-0.52-0.83-0.580.480.73-0.470.650.780.66-0.47-0.490.930.68-0.83-0.64-0.760.540.42-0.620.81-0.15-0.58
0.680.29-0.710.990.44-0.580.12-0.830.8-0.52-0.58-0.770.80.78-0.31-0.80.30.970.570.150.470.75-0.260.880.91
0.710.98-0.760.2-0.830.480.120.44-0.170.520.540.51-0.170.090.740.47-0.88-0.08-0.740.990.81-0.50.890.30.01
-0.250.260.22-0.79-0.820.73-0.830.44-0.880.680.750.98-0.88-0.560.640.99-0.72-0.9-0.90.39-0.01-0.980.69-0.67-0.76
0.440.04-0.360.820.53-0.470.8-0.17-0.88-0.27-0.35-0.821.00.3-0.35-0.820.420.790.63-0.090.260.9-0.360.770.56
0.010.480.03-0.42-0.790.65-0.520.520.68-0.270.980.76-0.27-0.790.620.76-0.73-0.69-0.840.540.21-0.620.76-0.31-0.78
0.040.480.02-0.48-0.860.78-0.580.540.75-0.350.980.79-0.35-0.780.730.8-0.8-0.74-0.880.580.27-0.670.82-0.31-0.79
-0.210.340.16-0.72-0.850.66-0.770.510.98-0.820.760.79-0.82-0.590.61.0-0.74-0.87-0.940.460.01-0.980.72-0.65-0.76
0.440.04-0.360.820.53-0.470.8-0.17-0.881.0-0.27-0.35-0.820.3-0.35-0.820.420.790.63-0.090.260.9-0.360.770.56
0.520.15-0.610.720.39-0.490.780.09-0.560.3-0.79-0.78-0.590.3-0.26-0.620.270.820.50.060.340.45-0.290.630.96
0.480.69-0.39-0.23-0.90.93-0.310.740.64-0.350.620.730.6-0.35-0.260.6-0.95-0.42-0.790.790.7-0.580.930.11-0.34
-0.250.30.2-0.75-0.830.68-0.80.470.99-0.820.760.81.0-0.82-0.620.6-0.73-0.9-0.930.42-0.02-0.980.71-0.67-0.79
-0.47-0.810.440.220.98-0.830.3-0.88-0.720.42-0.73-0.8-0.740.420.27-0.95-0.730.460.92-0.89-0.670.71-1.0-0.020.38
0.560.09-0.580.940.6-0.640.97-0.08-0.90.79-0.69-0.74-0.870.790.82-0.42-0.90.460.72-0.050.330.83-0.440.840.95
-0.12-0.620.140.490.97-0.760.57-0.74-0.90.63-0.84-0.88-0.940.630.5-0.79-0.930.920.72-0.72-0.340.9-0.910.350.64
0.770.99-0.780.23-0.830.540.150.990.39-0.090.540.580.46-0.090.060.790.42-0.89-0.05-0.720.87-0.430.910.380.01
0.960.89-0.910.53-0.540.420.470.81-0.010.260.210.270.010.260.340.7-0.02-0.670.33-0.340.870.00.690.750.36
0.21-0.31-0.140.720.81-0.620.75-0.5-0.980.9-0.62-0.67-0.980.90.45-0.58-0.980.710.830.9-0.430.0-0.670.650.67
0.490.83-0.47-0.17-0.980.81-0.260.890.69-0.360.760.820.72-0.36-0.290.930.71-1.0-0.44-0.910.910.69-0.670.05-0.38
0.880.47-0.810.910.15-0.150.880.3-0.670.77-0.31-0.31-0.650.770.630.11-0.67-0.020.840.350.380.750.650.050.77
0.570.13-0.620.860.51-0.580.910.01-0.760.56-0.78-0.79-0.760.560.96-0.34-0.790.380.950.640.010.360.67-0.380.77
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SCHMID Group Account Relationship Matchups

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