CSG Net Receivables vs Cash Analysis
CSGS Stock | USD 40.80 0.02 0.05% |
CSG Systems financial indicator trend analysis is way more than just evaluating CSG Systems International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CSG Systems International is a good investment. Please check the relationship between CSG Systems Net Receivables and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSG Systems International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Net Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CSG Systems International Net Receivables account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between CSG Systems' Net Receivables and Cash is 0.81. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of CSG Systems International, assuming nothing else is changed. The correlation between historical values of CSG Systems' Net Receivables and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of CSG Systems International are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., CSG Systems' Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Receivables
Cash
Cash refers to the most liquid asset of CSG Systems International, which is listed under current asset account on CSG Systems International balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CSG Systems customers. The amounts must be unrestricted with restricted cash listed in a different CSG Systems 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.Most indicators from CSG Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CSG Systems International 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 CSG Systems International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, CSG Systems' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 11.56 in 2024, whereas Tax Provision is likely to drop slightly above 21.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 503.3M | 524.6M | 554.2M | 340.8M | Total Revenue | 1.0B | 1.1B | 1.2B | 686.8M |
CSG Systems fundamental ratios Correlations
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CSG Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CSG Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3B | 1.3B | 1.4B | 1.3B | 1.4B | 837.5M | |
Short Long Term Debt Total | 458.2M | 469.8M | 468.1M | 487.2M | 592.8M | 296.9M | |
Other Current Liab | 269.5M | 261.1M | 301.6M | 334.5M | 436.8M | 458.6M | |
Total Current Liabilities | 418.7M | 420.0M | 695.1M | 527.2M | 560.8M | 588.9M | |
Total Stockholder Equity | 396.7M | 422.4M | 436.6M | 355.2M | 273.3M | 287.8M | |
Property Plant And Equipment Net | 179.3M | 192.5M | 159.6M | 121.5M | 99.8M | 63.3M | |
Net Debt | 301.7M | 281.1M | 262.4M | 336.8M | 406.5M | 426.9M | |
Retained Earnings | 848.6M | 876.4M | 916.1M | 936.2M | 968.1M | 505.2M | |
Accounts Payable | 32.7M | 29.8M | 35.4M | 47.7M | 46.4M | 29.4M | |
Cash | 156.5M | 188.7M | 205.6M | 150.4M | 186.3M | 138.7M | |
Non Current Assets Total | 613.9M | 633.7M | 639.0M | 582.6M | 580.8M | 369.9M | |
Non Currrent Assets Other | 27.7M | 36.9M | 15.8M | (87.7M) | 10.0M | 17.5M | |
Cash And Short Term Investments | 182.7M | 240.3M | 233.7M | 150.4M | 186.3M | 187.5M | |
Net Receivables | 281.8M | 266.6M | 286.5M | 328.3M | 351.2M | 204.1M | |
Good Will | 259.2M | 272.3M | 321.3M | 304.0M | 308.6M | 188.0M | |
Common Stock Shares Outstanding | 32.5M | 32.3M | 32.0M | 31.3M | 30.1M | 33.7M | |
Liabilities And Stockholders Equity | 1.3B | 1.3B | 1.4B | 1.3B | 1.4B | 837.5M | |
Non Current Liabilities Total | 467.7M | 489.6M | 251.8M | 466.1M | 608.9M | 639.3M | |
Other Current Assets | 204.6M | 191.5M | 228.0M | 287.2M | 324.8M | 341.0M | |
Other Stockholder Equity | (413.2M) | (423.6M) | (441.8M) | (522.8M) | (645.1M) | (612.9M) | |
Total Liab | 886.4M | 909.6M | 946.9M | 993.3M | 1.2B | 1.2B | |
Property Plant And Equipment Gross | 179.3M | 192.5M | 270.9M | 226.9M | 221.6M | 232.7M | |
Total Current Assets | 669.1M | 698.3M | 748.2M | 766.0M | 862.2M | 467.6M | |
Accumulated Other Comprehensive Income | (39.5M) | (31.1M) | (38.4M) | (58.8M) | (50.4M) | (47.9M) | |
Short Term Debt | 32.8M | 36.7M | 260.8M | 58.5M | 23.4M | 43.1M | |
Intangible Assets | 87.6M | 74.5M | 87.0M | 68.2M | 50.1M | 75.0M | |
Common Stock Total Equity | 696K | 700K | 705K | 708K | 814.2K | 700.6K | |
Common Stock | 696K | 700K | 705K | 708K | 713K | 704.0K | |
Other Liab | 42.2M | 56.5M | 44.5M | 37.4M | 43.0M | 28.1M | |
Other Assets | 84.9M | 94.4M | 71.0M | 86.1M | 77.5M | 48.1M | |
Long Term Debt | 346.5M | 337.2M | 137.2M | 375.5M | 535.0M | 283.8M | |
Short Term Investments | 26.1M | 51.6M | 28.0M | 71K | 186.3M | 195.6M | |
Treasury Stock | (867.8M) | (894.1M) | (930.1M) | (1.0B) | (916.2M) | (962.0M) | |
Property Plant Equipment | 84.4M | 81.8M | 159.6M | 71.8M | 82.6M | 56.2M | |
Current Deferred Revenue | 83.8M | 92.3M | 97.3M | 86.5M | 54.2M | 62.1M | |
Net Tangible Assets | 105.0M | 123.6M | 28.3M | (17.0M) | (15.3M) | (14.5M) | |
Retained Earnings Total Equity | 848.6M | 876.4M | 916.1M | 936.2M | 1.1B | 760.3M | |
Long Term Debt Total | 346.5M | 337.2M | 137.2M | 375.5M | 431.8M | 309.6M | |
Capital Surpluse | 454.7M | 470.6M | 488.3M | 495.2M | 569.5M | 506.9M |
Pair Trading with CSG Systems
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 CSG Systems 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 CSG Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with CSG Stock
Moving against CSG Stock
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The ability to find closely correlated positions to CSG Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSG Systems 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 CSG Systems - 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 CSG Systems International to buy it.
The correlation of CSG Systems 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 CSG Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSG Systems International 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 CSG Systems 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 CSG Stock Analysis
When running CSG Systems' price analysis, check to measure CSG Systems' 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 CSG Systems is operating at the current time. Most of CSG Systems' value examination focuses on studying past and present price action to predict the probability of CSG Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSG Systems' price. Additionally, you may evaluate how the addition of CSG Systems to your portfolios can decrease your overall portfolio volatility.