Methode Total Current Assets vs Accounts Payable Analysis

MEI Stock

USD 12.34 0.07 0.57%

Methode Electronics financial indicator trend analysis is infinitely more than just investigating Methode Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Methode Electronics is a good investment. Please check the relationship between Methode Electronics Total Current Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode Electronics. 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.

For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Methode Electronics Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Methode Electronics' Total Current Assets and Accounts Payable is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Methode Electronics, assuming nothing else is changed. The correlation between historical values of Methode Electronics' Total Current 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 Total Current Assets of Methode Electronics 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 Total Current Assets i.e., Methode Electronics' Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Accounts Payable

An accounting item on the balance sheet that represents Methode Electronics 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 Methode Electronics 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 Methode Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Methode Electronics 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode Electronics. 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.

For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.As of now, Methode Electronics' Selling General Administrative is increasing as compared to previous years. The Methode Electronics' current Tax Provision is estimated to increase to about 14.8 M, while Enterprise Value Over EBITDA is projected to decrease to 5.22.

	2021	2022	2023	2024 (projected)
Gross Profit	264.9M	264.1M	303.7M	318.9M
Total Revenue	1.2B	1.2B	1.4B	1.4B

Gross Profit Total Revenue

Methode Electronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Other Liab	Other Assets
Total Assets		0.95	0.9	0.96	0.99	0.98	0.74	0.99	0.37	0.98	0.96	0.39	0.94	0.48	0.96	0.97	0.78	0.97	0.98	0.98	0.92	-0.45	0.92	0.95	0.91	0.96
Short Long Term Debt Total	0.95		0.77	0.85	0.89	0.94	0.88	0.89	0.19	0.98	0.96	0.2	0.83	0.4	1.0	0.93	0.72	0.87	0.98	0.95	0.77	-0.35	0.8	0.97	0.88	0.88
Other Current Liab	0.9	0.77		0.96	0.91	0.87	0.53	0.9	0.44	0.85	0.85	0.46	0.95	0.63	0.78	0.86	0.69	0.91	0.85	0.84	0.92	-0.39	0.94	0.77	0.68	0.87
Total Current Liabilities	0.96	0.85	0.96		0.96	0.95	0.63	0.94	0.39	0.93	0.9	0.41	0.99	0.57	0.87	0.92	0.76	0.96	0.93	0.92	0.93	-0.41	0.98	0.86	0.83	0.94
Total Stockholder Equity	0.99	0.89	0.91	0.96		0.96	0.65	1.0	0.46	0.95	0.93	0.46	0.95	0.48	0.91	0.96	0.78	0.97	0.95	0.96	0.95	-0.48	0.93	0.9	0.88	0.95
Property Plant And Equipment Net	0.98	0.94	0.87	0.95	0.96		0.74	0.95	0.35	0.98	0.97	0.37	0.95	0.5	0.96	0.96	0.74	0.96	0.98	0.98	0.9	-0.39	0.92	0.93	0.92	0.97
Net Debt	0.74	0.88	0.53	0.63	0.65	0.74		0.65	-0.3	0.83	0.79	-0.29	0.59	0.25	0.86	0.79	0.54	0.59	0.83	0.8	0.42	-0.32	0.6	0.89	0.71	0.6
Retained Earnings	0.99	0.89	0.9	0.94	1.0	0.95	0.65		0.45	0.95	0.92	0.45	0.93	0.46	0.91	0.96	0.78	0.96	0.94	0.96	0.94	-0.5	0.91	0.91	0.88	0.94
Cash	0.37	0.19	0.44	0.39	0.46	0.35	-0.3	0.45		0.24	0.29	1.0	0.43	0.26	0.21	0.22	0.33	0.51	0.26	0.26	0.67	-0.09	0.35	0.12	0.3	0.5
Non Current Assets Total	0.98	0.98	0.85	0.93	0.95	0.98	0.83	0.95	0.24		0.97	0.26	0.91	0.44	0.99	0.97	0.76	0.93	1.0	0.98	0.84	-0.42	0.88	0.98	0.92	0.93
Non Currrent Assets Other	0.96	0.96	0.85	0.9	0.93	0.97	0.79	0.92	0.29	0.97		0.31	0.9	0.49	0.97	0.94	0.66	0.93	0.97	0.96	0.84	-0.36	0.88	0.93	0.86	0.94
Cash And Short Term Investments	0.39	0.2	0.46	0.41	0.46	0.37	-0.29	0.45	1.0	0.26	0.31		0.45	0.28	0.23	0.24	0.33	0.53	0.28	0.27	0.68	-0.06	0.37	0.13	0.31	0.53
Net Receivables	0.94	0.83	0.95	0.99	0.95	0.95	0.59	0.93	0.43	0.91	0.9	0.45		0.59	0.85	0.92	0.73	0.97	0.91	0.9	0.95	-0.31	0.98	0.82	0.79	0.95
Common Stock Shares Outstanding	0.48	0.4	0.63	0.57	0.48	0.5	0.25	0.46	0.26	0.44	0.49	0.28	0.59		0.4	0.48	0.37	0.52	0.45	0.44	0.54	-0.04	0.59	0.34	0.27	0.53
Non Current Liabilities Total	0.96	1.0	0.78	0.87	0.91	0.96	0.86	0.91	0.21	0.99	0.97	0.23	0.85	0.4		0.94	0.74	0.89	0.99	0.97	0.79	-0.39	0.82	0.98	0.91	0.9
Inventory	0.97	0.93	0.86	0.92	0.96	0.96	0.79	0.96	0.22	0.97	0.94	0.24	0.92	0.48	0.94		0.71	0.92	0.96	0.98	0.86	-0.47	0.9	0.94	0.86	0.9
Other Current Assets	0.78	0.72	0.69	0.76	0.78	0.74	0.54	0.78	0.33	0.76	0.66	0.33	0.73	0.37	0.74	0.71		0.73	0.76	0.75	0.72	-0.43	0.68	0.77	0.78	0.7
Other Stockholder Equity	0.97	0.87	0.91	0.96	0.97	0.96	0.59	0.96	0.51	0.93	0.93	0.53	0.97	0.52	0.89	0.92	0.73		0.93	0.92	0.96	-0.39	0.93	0.85	0.84	0.97
Total Liab	0.98	0.98	0.85	0.93	0.95	0.98	0.83	0.94	0.26	1.0	0.97	0.28	0.91	0.45	0.99	0.96	0.76	0.93		0.98	0.85	-0.41	0.88	0.97	0.91	0.93
Property Plant And Equipment Gross	0.98	0.95	0.84	0.92	0.96	0.98	0.8	0.96	0.26	0.98	0.96	0.27	0.9	0.44	0.97	0.98	0.75	0.92	0.98		0.86	-0.5	0.89	0.96	0.92	0.91
Total Current Assets	0.92	0.77	0.92	0.93	0.95	0.9	0.42	0.94	0.67	0.84	0.84	0.68	0.95	0.54	0.79	0.86	0.72	0.96	0.85	0.86		-0.37	0.91	0.75	0.77	0.94
Short Term Debt	-0.45	-0.35	-0.39	-0.41	-0.48	-0.39	-0.32	-0.5	-0.09	-0.42	-0.36	-0.06	-0.31	-0.04	-0.39	-0.47	-0.43	-0.39	-0.41	-0.5	-0.37		-0.34	-0.48	-0.53	-0.33
Accounts Payable	0.92	0.8	0.94	0.98	0.93	0.92	0.6	0.91	0.35	0.88	0.88	0.37	0.98	0.59	0.82	0.9	0.68	0.93	0.88	0.89	0.91	-0.34		0.8	0.75	0.91
Intangible Assets	0.95	0.97	0.77	0.86	0.9	0.93	0.89	0.91	0.12	0.98	0.93	0.13	0.82	0.34	0.98	0.94	0.77	0.85	0.97	0.96	0.75	-0.48	0.8		0.92	0.85
Other Liab	0.91	0.88	0.68	0.83	0.88	0.92	0.71	0.88	0.3	0.92	0.86	0.31	0.79	0.27	0.91	0.86	0.78	0.84	0.91	0.92	0.77	-0.53	0.75	0.92		0.86
Other Assets	0.96	0.88	0.87	0.94	0.95	0.97	0.6	0.94	0.5	0.93	0.94	0.53	0.95	0.53	0.9	0.9	0.7	0.97	0.93	0.91	0.94	-0.33	0.91	0.85	0.86

Click cells to compare fundamentals

Methode Electronics Account Relationship Matchups

Methode Electronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.5B	1.4B	1.6B	1.8B	1.9B
Short Long Term Debt Total	378M	263.7M	231.3M	335.4M	385.7M	405.0M
Other Current Liab	49.2M	78.8M	61.1M	79.3M	91.2M	95.8M
Total Current Liabilities	143.8M	222.7M	188.6M	228M	262.2M	275.3M
Total Stockholder Equity	783.4M	918M	913.8M	941.8M	1.1B	1.1B
Property Plant And Equipment Net	225.4M	226.3M	217M	248.7M	286.0M	300.3M
Net Debt	160.7M	30.5M	59.3M	178.4M	205.2M	215.4M
Retained Earnings	651.9M	746M	763.9M	772.7M	888.6M	933.0M
Cash	217.3M	233.2M	172M	157M	180.6M	189.6M
Non Current Assets Total	805M	793M	760.1M	914.7M	1.1B	1.1B
Non Currrent Assets Other	71.8M	60.5M	60.7M	73.8M	84.9M	89.1M
Cash And Short Term Investments	217.3M	233.2M	172M	157M	180.6M	189.6M
Net Receivables	201.4M	294M	281.6M	327.2M	376.3M	395.1M
Common Stock Shares Outstanding	37.8M	38.3M	37.8M	36.8M	42.3M	39.5M
Liabilities And Stockholders Equity	1.4B	1.5B	1.4B	1.6B	1.8B	1.9B
Non Current Liabilities Total	443.4M	326.3M	286.7M	409.3M	470.7M	494.2M
Inventory	131M	124.2M	158.5M	159.7M	183.7M	192.8M
Other Current Assets	15.9M	22.6M	16.9M	20.5M	23.6M	13.0M
Other Stockholder Equity	139.2M	146.1M	157.5M	169.5M	194.9M	204.7M
Total Liab	587.2M	549M	475.3M	637.3M	732.9M	769.5M
Property Plant And Equipment Gross	225.4M	226.3M	217M	248.7M	286.0M	300.3M
Total Current Assets	565.6M	674M	629M	664.4M	764.1M	802.3M
Accumulated Other Comprehensive Income	(26.9M)	6.1M	(26.8M)	(19M)	(21.9M)	(22.9M)
Short Term Debt	20.8M	21M	19M	10M	11.5M	11.3M
Accounts Payable	73.8M	122.9M	108.5M	138.7M	159.5M	167.5M
Intangible Assets	244.8M	229.4M	207.7M	256.7M	295.2M	310.0M
Other Liab	85.3M	82.9M	74.4M	72.4M	83.3M	87.4M
Other Assets	103.2M	101.7M	102.4M	107.4M	123.5M	129.7M
Good Will	231.6M	235.6M	233M	301.9M	347.2M	364.5M
Property Plant Equipment	225.4M	226.3M	217M	248.7M	286.0M	300.3M
Net Tangible Assets	191.5M	307M	453M	473.1M	544.1M	422.1M
Long Term Debt	336.8M	225.2M	197.5M	303.6M	349.1M	366.6M
Long Term Debt Total	336.8M	225.2M	197.5M	303.6M	349.1M	366.6M

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 Methode Electronics 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, Methode Electronics' short interest history, or implied volatility extrapolated from Methode Electronics options trading.

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When determining whether Methode Electronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methode Electronics' 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 Methode Electronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methode Electronics Stock:

How To Invest In Methode

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Is Methode Stock a good investment?

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What is Methode Electronics' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode Electronics. 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.

For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.

Note that the Methode Electronics information on this page should be used as a complementary analysis to other Methode Electronics' 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Methode Stock analysis

When running Methode Electronics' price analysis, check to measure Methode Electronics' 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 Methode Electronics is operating at the current time. Most of Methode Electronics' value examination focuses on studying past and present price action to predict the probability of Methode Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Methode Electronics' price. Additionally, you may evaluate how the addition of Methode Electronics to your portfolios can decrease your overall portfolio volatility.

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Is Methode Electronics' 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 Methode Electronics. If investors know Methode 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 Methode Electronics 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

(0.97)

Dividend Share

0.56

Earnings Share

(1.63)

Revenue Per Share

31.999

Quarterly Revenue Growth

(0.07)

The market value of Methode Electronics is measured differently than its book value, which is the value of Methode that is recorded on the company's balance sheet. Investors also form their own opinion of Methode Electronics' value that differs from its market value or its book value, called intrinsic value, which is Methode Electronics' 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 Methode Electronics' market value can be influenced by many factors that don't directly affect Methode Electronics' 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 Methode Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Methode Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Methode Electronics' 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.

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Methode Total Current Assets vs Accounts Payable Analysis

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Current Assets

Accounts Payable

Methode Electronics fundamental ratios Correlations

Methode Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Methode Electronics fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Methode Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Other Liab	- 0.53	Short Term Debt
Short Term Debt	- 0.5	Property Plant And Equipment Gross
Short Term Debt	- 0.5	Retained Earnings
Intangible Assets	- 0.48	Short Term Debt
Short Term Debt	- 0.48	Total Stockholder Equity
Short Term Debt	- 0.47	Inventory