Core Accounts Payable vs Inventory Analysis
CMT Stock | USD 17.03 0.19 1.10% |
Core Molding financial indicator trend analysis is way more than just evaluating Core Molding Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Core Molding Technologies is a good investment. Please check the relationship between Core Molding Accounts Payable and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Molding Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Accounts Payable vs Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Core Molding Technologies Accounts Payable account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Core Molding's Accounts Payable and Inventory is 0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Core Molding Technologies, assuming nothing else is changed. The correlation between historical values of Core Molding's Accounts Payable 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 Accounts Payable of Core Molding Technologies 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 Accounts Payable i.e., Core Molding's Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Core Molding 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 Core Molding Technologies 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.Inventory
Most indicators from Core Molding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Core Molding Technologies 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 Core Molding Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Core Molding's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.11 in 2024, whereas Tax Provision is likely to drop slightly above 1.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 41.3M | 52.4M | 62.3M | 65.4M | Total Revenue | 307.5M | 377.4M | 357.7M | 375.6M |
Core Molding fundamental ratios Correlations
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Core Molding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Core Molding fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 179.3M | 165.5M | 186.1M | 198.6M | 213.4M | 118.9M | |
Short Long Term Debt Total | 52.6M | 28.2M | 29.6M | 26.1M | 26.8M | 22.7M | |
Other Current Liab | 9.5M | 14.7M | 15.7M | 16.7M | 13.6M | 6.9M | |
Total Current Liabilities | 82.6M | 36.0M | 53.1M | 50.8M | 46.2M | 28.4M | |
Total Stockholder Equity | 84.4M | 93.9M | 100.1M | 116.1M | 139.0M | 145.9M | |
Property Plant And Equipment Net | 83.7M | 76.8M | 81.5M | 88.4M | 85.0M | 54.5M | |
Net Debt | 50.7M | 24.0M | 23.5M | 21.9M | 2.7M | 2.6M | |
Retained Earnings | 76.7M | 84.9M | 89.5M | 101.7M | 122.1M | 128.2M | |
Accounts Payable | 19.9M | 17.0M | 22.7M | 29.6M | 24.0M | 13.0M | |
Cash | 1.9M | 4.1M | 6.1M | 4.2M | 24.1M | 25.3M | |
Non Current Assets Total | 118.1M | 109.0M | 111.0M | 118.0M | 110.5M | 68.7M | |
Non Currrent Assets Other | 3.6M | 2.4M | 2.0M | 4.6M | 418K | 438.9K | |
Cash And Short Term Investments | 1.9M | 4.1M | 6.1M | 4.2M | 24.1M | 25.3M | |
Net Receivables | 32.4M | 30.2M | 38.8M | 44.3M | 48.2M | 26.2M | |
Common Stock Shares Outstanding | 7.8M | 7.9M | 8.1M | 8.4M | 8.8M | 6.8M | |
Liabilities And Stockholders Equity | 179.3M | 165.5M | 186.1M | 198.6M | 213.4M | 118.9M | |
Non Current Liabilities Total | 12.3M | 35.6M | 33.0M | 31.7M | 28.2M | 20.7M | |
Inventory | 21.7M | 18.4M | 25.1M | 23.9M | 22.1M | 12.4M | |
Other Current Assets | 5.3M | 3.8M | 5.1M | 8.4M | 8.5M | 9.0M | |
Other Stockholder Equity | 6.3M | 7.6M | 9.4M | 11.2M | 11.5M | 8.6M | |
Total Liab | 94.9M | 71.6M | 86.0M | 82.5M | 74.4M | 56.8M | |
Property Plant And Equipment Gross | 83.7M | 76.8M | 81.5M | 83.3M | 213.1M | 223.8M | |
Total Current Assets | 61.2M | 56.5M | 75.1M | 80.7M | 102.9M | 108.0M | |
Accumulated Other Comprehensive Income | 1.4M | 1.4M | 1.1M | 3.1M | 5.3M | 5.6M | |
Short Term Debt | 49.5M | 3.0M | 8.4M | 3.1M | 3.4M | 5.2M | |
Common Stock Total Equity | 78K | 79K | 80K | 84K | 75.6K | 66.1K | |
Common Stock | 79K | 80K | 82K | 84K | 86K | 66.2K | |
Other Liab | 7.9M | 9.1M | 7.7M | 5.2M | 4.7M | 7.9M | |
Other Assets | 3.6M | 3.3M | 2.6M | 4.6M | 4.1M | 3.8M | |
Long Term Debt | 0.0 | 25.2M | 21.3M | 23.0M | 21.5M | 16.1M | |
Property Plant Equipment | 79.2M | 74.1M | 81.5M | 83.3M | 95.8M | 55.7M | |
Intangible Assets | 13.5M | 11.5M | 9.6M | 7.6M | 6.0M | 7.4M | |
Current Deferred Revenue | 3.7M | 1.3M | 6.3M | 1.4M | 5.2M | 3.2M | |
Treasury Stock | (28.5M) | (28.5M) | (28.6M) | (29.1M) | (26.2M) | (27.5M) | |
Net Tangible Assets | 53.6M | 65.0M | 73.2M | 116.1M | 133.5M | 83.2M | |
Retained Earnings Total Equity | 91.9M | 76.7M | 84.9M | 101.7M | 117.0M | 80.4M | |
Long Term Debt Total | 0.0 | 25.2M | 21.3M | 23.0M | 26.4M | 16.1M | |
Capital Surpluse | 34.8M | 36.1M | 38.0M | 40.3M | 46.4M | 35.2M |
Pair Trading with Core Molding
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 Core Molding 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 Core Molding will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Core Molding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Molding 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 Core Molding - 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 Core Molding Technologies to buy it.
The correlation of Core Molding 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 Core Molding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Molding Technologies 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 Core Molding 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.Additional Tools for Core Stock Analysis
When running Core Molding's price analysis, check to measure Core Molding's 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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.