Ingles Accounts Payable vs Total Current Assets Analysis
IMKTA Stock | USD 73.14 1.67 2.34% |
Ingles Markets financial indicator trend analysis is infinitely more than just investigating Ingles Markets recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingles Markets is a good investment. Please check the relationship between Ingles Markets Accounts Payable and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Accounts Payable vs Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingles Markets Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ingles Markets' Accounts Payable and Total Current Assets is 0.64. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ingles Markets Incorporated, assuming nothing else is changed. The correlation between historical values of Ingles Markets' Accounts Payable and Total Current Assets 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 Ingles Markets Incorporated are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Ingles Markets' Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Ingles Markets 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 Ingles Markets 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 Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Ingles Markets' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingles Markets 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At present, Ingles Markets' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 5.93, whereas Selling General Administrative is forecasted to decline to about 680.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.4B | 1.6B | 1.7B | Total Revenue | 5.7B | 5.9B | 6.8B | 7.1B |
Ingles Markets fundamental ratios Correlations
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Ingles Markets Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ingles Markets fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.0B | 2.3B | 2.5B | 2.8B | 3.0B | |
Short Long Term Debt Total | 605.5M | 589.5M | 571.9M | 550.2M | 632.7M | 562.6M | |
Other Current Liab | 4.0M | 4.1M | 102.8M | 5.6M | 5.0M | 4.8M | |
Total Current Liabilities | 323.8M | 378.9M | 333.8M | 330.5M | 380.1M | 224.3M | |
Total Stockholder Equity | 819.3M | 983.3M | 1.3B | 1.5B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 893.5M | |
Net Debt | 598.6M | 519.2M | 304.7M | 221.6M | 254.9M | 242.1M | |
Retained Earnings | 816.3M | 985.7M | 1.2B | 1.4B | 1.7B | 1.7B | |
Cash | 6.9M | 70.3M | 267.2M | 328.5M | 377.8M | 396.7M | |
Non Current Assets Total | 1.4B | 1.4B | 1.5B | 1.5B | 1.7B | 916.9M | |
Non Currrent Assets Other | (73.3B) | 72.1M | (73.5B) | (67.1B) | (60.4B) | (57.4B) | |
Cash And Short Term Investments | 6.9M | 75.3M | 267.2M | 328.5M | 377.8M | 396.7M | |
Net Receivables | 81.4M | 95.1M | 97.2M | 107.6M | 123.7M | 129.9M | |
Liabilities And Stockholders Equity | 1.9B | 2.0B | 2.3B | 2.5B | 2.8B | 3.0B | |
Non Current Liabilities Total | 756.2M | 656.2M | 702.1M | 684.3M | 787.0M | 632.3M | |
Inventory | 366.8M | 390.0M | 457.9M | 493.9M | 567.9M | 596.3M | |
Other Current Assets | 15.1M | 15.1M | 15.8M | 22.6M | 26.0M | 27.3M | |
Other Stockholder Equity | 12.3M | 462.0 | (425.0) | (140.0) | (161.0) | (152.95) | |
Total Liab | 1.1B | 1.0B | 1.0B | 1.0B | 1.2B | 856.5M | |
Property Plant And Equipment Gross | 1.4B | 2.9B | 3.0B | 3.2B | 3.6B | 3.8B | |
Total Current Assets | 470.2M | 575.4M | 838.1M | 952.6M | 1.1B | 1.2B | |
Accumulated Other Comprehensive Income | (10.3M) | (3.4M) | 12.4M | 13.2M | 11.9M | 12.5M | |
Short Term Debt | 19.3M | 17.6M | 17.6M | 17.5M | 15.8M | 24.0M | |
Accounts Payable | 204.1M | 189.4M | 213.4M | 204.0M | 234.6M | 144.9M | |
Current Deferred Revenue | 78.6M | 96.4M | 167.7M | 103.4M | 118.9M | 112.9M | |
Other Liab | 117.4M | 129.0M | 123.2M | 115.1M | 132.3M | 138.9M | |
Other Assets | 26.0M | 28.0M | 32.0M | 44.8M | 51.5M | 54.0M | |
Long Term Debt | 586.2M | 571.9M | 554.3M | 532.6M | 612.5M | 753.9M | |
Property Plant Equipment | 1.3B | 1.4B | 1.4B | 1.4B | 1.6B | 1.2B | |
Net Tangible Assets | 662.7M | 819.3M | 983.3M | 1.3B | 1.4B | 1.5B | |
Retained Earnings Total Equity | 582.1M | 650.7M | 985.7M | 1.2B | 1.4B | 1.5B | |
Long Term Debt Total | 852.7M | 839.6M | 571.9M | 554.3M | 498.9M | 643.6M | |
Deferred Long Term Liab | 74.5M | 75.5M | 72.8M | 73.6M | 84.6M | 74.6M | |
Non Current Liabilities Other | 55.7M | 84.3M | 41.5M | 84.5M | 97.2M | 102.1M | |
Short Long Term Debt | 19.3M | 17.6M | 17.6M | 17.5M | 20.2M | 15.8M | |
Net Invested Capital | 1.4B | 1.6B | 1.8B | 550.2M | 495.1M | 470.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Ingles Markets offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ingles Markets' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ingles Markets Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ingles Markets Incorporated Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Ingles Markets' price analysis, check to measure Ingles Markets' 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 Ingles Markets is operating at the current time. Most of Ingles Markets' value examination focuses on studying past and present price action to predict the probability of Ingles Markets' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingles Markets' price. Additionally, you may evaluate how the addition of Ingles Markets to your portfolios can decrease your overall portfolio volatility.
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Is Ingles Markets' 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 Ingles Markets. If investors know Ingles 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 Ingles Markets 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 (0.21) | Dividend Share 0.66 | Earnings Share 9.27 | Revenue Per Share 308.902 | Quarterly Revenue Growth (0.01) |
The market value of Ingles Markets is measured differently than its book value, which is the value of Ingles that is recorded on the company's balance sheet. Investors also form their own opinion of Ingles Markets' value that differs from its market value or its book value, called intrinsic value, which is Ingles Markets' 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 Ingles Markets' market value can be influenced by many factors that don't directly affect Ingles Markets' 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 Ingles Markets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingles Markets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingles Markets' 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.