Topicus Other Assets vs Accounts Payable Analysis

TOI Stock  CAD 120.75  1.25  1.02%   
Topicus financial indicator trend analysis is much more than just breaking down Topicus prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Topicus is a good investment. Please check the relationship between Topicus Other Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Topicus. 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.

Other Assets vs Accounts Payable

Other Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Topicus Other Assets account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Topicus' Other Assets and Accounts Payable is 0.87. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Topicus, assuming nothing else is changed. The correlation between historical values of Topicus' Other 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 Assets of Topicus 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 Assets i.e., Topicus' Other Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Other Assets

Accounts Payable

An accounting item on the balance sheet that represents Topicus 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 Topicus 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 Topicus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Topicus 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 Topicus. 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.
At this time, Topicus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 27.53 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.
 2021 2022 2023 2024 (projected)
EBIT112.4M106.5M122.4M93.9M
Other Operating Expenses8.2M27.5M31.6M33.2M

Topicus fundamental ratios Correlations

0.360.33-0.47-0.420.30.00.1-0.32-0.42-0.380.20.420.320.24-0.430.220.790.160.290.420.20.280.07-0.410.3
0.360.99-0.69-0.140.980.890.950.73-0.27-0.90.980.260.970.99-0.10.970.630.970.990.270.670.990.91-0.860.95
0.330.99-0.69-0.160.990.850.970.72-0.29-0.90.990.270.990.98-0.110.960.570.970.970.290.680.980.9-0.860.94
-0.47-0.69-0.690.79-0.68-0.47-0.56-0.360.870.72-0.6-0.86-0.72-0.690.76-0.72-0.59-0.56-0.73-0.87-0.96-0.73-0.350.74-0.85
-0.42-0.14-0.160.79-0.130.15-0.010.210.990.2-0.04-0.99-0.2-0.131.0-0.16-0.240.02-0.18-0.99-0.74-0.170.240.25-0.36
0.30.980.99-0.68-0.130.870.960.76-0.26-0.950.980.250.990.97-0.080.970.580.960.960.260.680.970.88-0.890.94
0.00.890.85-0.470.150.870.90.930.01-0.80.9-0.020.830.920.20.920.490.930.91-0.010.520.910.91-0.760.85
0.10.950.97-0.56-0.010.960.90.83-0.14-0.840.990.130.940.960.030.940.390.980.940.140.620.950.95-0.770.89
-0.320.730.72-0.360.210.760.930.830.07-0.720.8-0.080.740.80.270.830.210.830.77-0.070.50.780.8-0.660.73
-0.42-0.27-0.290.870.99-0.260.01-0.140.070.33-0.18-1.0-0.33-0.260.98-0.3-0.32-0.11-0.32-1.0-0.83-0.310.110.37-0.49
-0.38-0.9-0.90.720.2-0.95-0.8-0.84-0.720.33-0.87-0.32-0.95-0.880.14-0.93-0.71-0.86-0.89-0.33-0.69-0.91-0.720.95-0.89
0.20.980.99-0.6-0.040.980.90.990.8-0.18-0.870.170.970.980.00.970.490.990.970.180.630.970.94-0.840.92
0.420.260.27-0.86-0.990.25-0.020.13-0.08-1.0-0.320.170.320.25-0.980.290.30.10.311.00.820.3-0.12-0.360.48
0.320.970.99-0.72-0.20.990.830.940.74-0.33-0.950.970.320.96-0.150.970.590.950.950.330.720.970.84-0.920.94
0.240.990.98-0.69-0.130.970.920.960.8-0.26-0.880.980.250.96-0.080.990.570.981.00.260.71.00.92-0.860.97
-0.43-0.1-0.110.761.0-0.080.20.030.270.980.140.0-0.98-0.15-0.08-0.11-0.220.07-0.14-0.98-0.7-0.120.270.19-0.32
0.220.970.96-0.72-0.160.970.920.940.83-0.3-0.930.970.290.970.99-0.110.590.970.980.30.740.990.87-0.920.97
0.790.630.57-0.59-0.240.580.490.390.21-0.32-0.710.490.30.590.57-0.220.590.50.620.310.380.620.38-0.750.61
0.160.970.97-0.560.020.960.930.980.83-0.11-0.860.990.10.950.980.070.970.50.960.110.590.970.96-0.840.91
0.290.990.97-0.73-0.180.960.910.940.77-0.32-0.890.970.310.951.0-0.140.980.620.960.320.731.00.89-0.870.98
0.420.270.29-0.87-0.990.26-0.010.14-0.07-1.0-0.330.181.00.330.26-0.980.30.310.110.320.830.31-0.11-0.370.49
0.20.670.68-0.96-0.740.680.520.620.5-0.83-0.690.630.820.720.7-0.70.740.380.590.730.830.730.39-0.70.85
0.280.990.98-0.73-0.170.970.910.950.78-0.31-0.910.970.30.971.0-0.120.990.620.971.00.310.730.89-0.90.98
0.070.910.9-0.350.240.880.910.950.80.11-0.720.94-0.120.840.920.270.870.380.960.89-0.110.390.89-0.670.78
-0.41-0.86-0.860.740.25-0.89-0.76-0.77-0.660.370.95-0.84-0.36-0.92-0.860.19-0.92-0.75-0.84-0.87-0.37-0.7-0.9-0.67-0.89
0.30.950.94-0.85-0.360.940.850.890.73-0.49-0.890.920.480.940.97-0.320.970.610.910.980.490.850.980.78-0.89
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Topicus Account Relationship Matchups

Topicus fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab54.9M86.1M104.3M144.4M(1K)(950.0)
Total Current Liabilities200.6M216.9M398.8M570.1M566.0M384.7M
Other Liab77.8M89.8M138.8M179.0M205.8M118.6M
Net Tangible Assets(192.4M)(270.7M)(1.5B)(609.3M)(548.4M)(575.8M)
Retained Earnings144.0M138.6M(1.8B)226.9M297.4M312.3M
Accounts Payable83.7M96.1M134.8M174.2M211.4M135.7M
Other Assets5.2M5.8M12.5M34.9M40.1M42.1M
Net Receivables54.8M46.6M70.7M95.8M134.1M81.0M
Inventory400K375K570K1.4M4.5M4.7M
Other Stockholder Equity(714K)(1.4M)(1.0B)(232K)(208.8K)(219.2K)
Deferred Long Term Liab379K231K157K92K82.8K78.7K
Total Current Assets93.3M129.7M201.0M309.8M417.7M223.0M
Property Plant Equipment50.2M58.3M68.5M72.6M83.5M64.0M

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