Adams Accounts Payable vs Total Liab Analysis
AE Stock | USD 29.85 0.65 2.23% |
Adams Resources financial indicator trend analysis is way more than just evaluating Adams Resources Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adams Resources Energy is a good investment. Please check the relationship between Adams Resources Accounts Payable and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adams Resources Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adams Resources Energy Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Adams Resources' Accounts Payable and Total Liab is 0.95. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of Adams Resources Energy, assuming nothing else is changed. The correlation between historical values of Adams Resources' Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Adams Resources Energy are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Adams Resources' Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Adams Resources 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 Adams Resources Energy 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Adams Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adams Resources Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adams Resources Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At present, Adams Resources' Enterprise Value Multiple is projected to increase slightly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 746K | 1.3M | 3.4M | 3.6M | Depreciation And Amortization | 20.0M | 23.6M | 27.9M | 29.3M |
Adams Resources fundamental ratios Correlations
Click cells to compare fundamentals
Adams Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Adams Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 330.8M | 296.2M | 374.7M | 384.2M | 361.3M | 238.4M | |
Short Long Term Debt Total | 16.1M | 23.7M | 20.5M | 48.6M | 53.6M | 56.3M | |
Other Current Liab | 7.3M | 22.4M | 11.9M | 19.5M | 13.7M | 10.1M | |
Total Current Liabilities | 159.6M | 114.5M | 186.0M | 231.1M | 210.8M | 147.9M | |
Total Stockholder Equity | 151.6M | 149.1M | 160.4M | 93.2M | 92.7M | 75.1M | |
Property Plant And Equipment Net | 78.6M | 102.2M | 95.1M | 114.1M | 110.9M | 116.4M | |
Net Debt | (96.9M) | (15.6M) | (77.4M) | 28.0M | 8.4M | 8.8M | |
Retained Earnings | 138.4M | 135.3M | 143.0M | 73.0M | 70.7M | 62.3M | |
Cash | 113.0M | 39.3M | 97.8M | 20.5M | 45.2M | 35.9M | |
Non Current Assets Total | 83.5M | 108.7M | 101.5M | 134.0M | 128.9M | 135.3M | |
Non Currrent Assets Other | 3.3M | 2.4M | 3.0M | 3.7M | 3.3M | 3.0M | |
Cash And Short Term Investments | 113.0M | 39.3M | 97.8M | 20.5M | 45.2M | 35.9M | |
Net Receivables | 97.1M | 113.1M | 144.2M | 189.0M | 164.3M | 133.2M | |
Common Stock Shares Outstanding | 4.2M | 4.3M | 4.3M | 4.1M | 2.6M | 4.5M | |
Liabilities And Stockholders Equity | 330.8M | 296.2M | 374.7M | 384.2M | 361.3M | 238.4M | |
Non Current Liabilities Total | 19.6M | 32.5M | 28.3M | 59.9M | 57.8M | 60.7M | |
Inventory | 26.4M | 19.3M | 18.9M | 26.9M | 19.8M | 13.1M | |
Other Current Assets | 1.6M | 3.0M | 2.4M | 3.1M | 3.1M | 2.9M | |
Other Stockholder Equity | 12.8M | 13.3M | 16.9M | 20.0M | 21.8M | 20.7M | |
Total Liab | 179.2M | 147.1M | 214.3M | 291.0M | 268.6M | 163.3M | |
Property Plant And Equipment Gross | 78.6M | 102.2M | 95.1M | 114.1M | 237.8M | 249.7M | |
Total Current Assets | 247.3M | 187.5M | 273.2M | 250.1M | 232.5M | 189.0M | |
Short Term Debt | 4.4M | 6.2M | 5.8M | 7.1M | 11.5M | 12.1M | |
Accounts Payable | 147.9M | 86.0M | 168.2M | 204.4M | 183.1M | 151.9M | |
Other Liab | 7.9M | 15.0M | 13.7M | 18.5M | 21.2M | 22.3M | |
Other Assets | 3.3M | 10.4M | 3.0M | 1.3M | 1.4M | 1.4M | |
Property Plant Equipment | 69.0M | 94.1M | 88.0M | 106.4M | 122.4M | 128.5M | |
Net Tangible Assets | 150.0M | 145.0M | 157.1M | 77.0M | 69.3M | 112.4M | |
Retained Earnings Total Equity | 138.4M | 135.3M | 143.0M | 73.0M | 83.9M | 128.7M | |
Capital Surpluse | 12.8M | 13.3M | 16.9M | 20.0M | 23.0M | 14.5M | |
Deferred Long Term Liab | 6.4M | 12.7M | 11.3M | 16.0M | 18.4M | 9.5M | |
Intangible Assets | 1.6M | 4.1M | 3.3M | 9.7M | 8.0M | 8.4M | |
Non Current Liabilities Other | 13.3M | 19.8M | 17.0M | 19.6M | 22.5M | 23.6M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Adams Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Adams Resources' short interest history, or implied volatility extrapolated from Adams Resources options trading.
Pair Trading with Adams Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adams Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adams Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Adams Stock
0.84 | CSAN | Cosan SA ADR Financial Report 20th of May 2024 | PairCorr |
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0.58 | EP | Empire Petroleum Corp | PairCorr |
0.56 | UGP | Ultrapar Participacoes Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Adams Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adams Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adams Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adams Resources Energy to buy it.
The correlation of Adams Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adams Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adams Resources Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Adams Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adams Resources Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Adams Resources Energy information on this page should be used as a complementary analysis to other Adams Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Adams Resources' price analysis, check to measure Adams Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adams Resources is operating at the current time. Most of Adams Resources' value examination focuses on studying past and present price action to predict the probability of Adams Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adams Resources' price. Additionally, you may evaluate how the addition of Adams Resources to your portfolios can decrease your overall portfolio volatility.
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Is Adams Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adams Resources. If investors know Adams will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adams Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.763 | Dividend Share 0.96 | Earnings Share 0.08 | Revenue Per Share 1.1 K | Quarterly Revenue Growth (0.05) |
The market value of Adams Resources Energy is measured differently than its book value, which is the value of Adams that is recorded on the company's balance sheet. Investors also form their own opinion of Adams Resources' value that differs from its market value or its book value, called intrinsic value, which is Adams Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adams Resources' market value can be influenced by many factors that don't directly affect Adams Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adams Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Adams Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adams Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.