3M Inventory vs Non Current Liabilities Total Analysis

MMM Stock

USD 101.49 1.65 1.60%

3M financial indicator trend analysis is way more than just evaluating 3M Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M Company is a good investment. Please check the relationship between 3M Inventory and its Non Current Liabilities Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Inventory vs Non Current Liabilities Total

Inventory vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3M Company Inventory account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between 3M's Inventory and Non Current Liabilities Total is 0.59. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of 3M Company, assuming nothing else is changed. The correlation between historical values of 3M's Inventory and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of 3M Company are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Inventory i.e., 3M's Inventory and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Inventory

Non Current Liabilities Total

Most indicators from 3M's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M Company 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 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

At this time, 3M's Selling General Administrative is very stable compared to the past year. As of the 23rd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Issuance Of Capital Stock is likely to drop about 567.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	16.6B	15.0B	14.2B	11.0B
Total Revenue	35.4B	34.2B	32.7B	23.6B

Gross Profit Total Revenue

3M 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	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments
Total Assets		0.74	0.34	0.51	0.31	0.96	0.71	0.92	0.58	0.8	0.64	0.58	0.89	-0.87	0.68	0.94	-0.17	-0.75	0.64	0.95	0.42	0.92	0.34	0.77	-0.74	-0.11
Short Long Term Debt Total	0.74		0.54	0.71	-0.2	0.71	0.97	0.69	0.71	0.9	0.59	0.57	0.66	-0.87	0.94	0.66	-0.52	-0.94	0.9	0.61	0.68	0.72	0.53	0.47	-0.52	-0.52
Other Current Liab	0.34	0.54		0.96	-0.44	0.28	0.37	0.11	0.88	0.73	0.55	0.79	0.28	-0.54	0.78	0.3	-0.46	-0.57	0.85	0.34	0.73	0.42	0.85	0.25	-0.38	-0.35
Total Current Liabilities	0.51	0.71	0.96		-0.33	0.46	0.56	0.31	0.9	0.86	0.66	0.8	0.44	-0.7	0.87	0.48	-0.46	-0.73	0.93	0.47	0.85	0.57	0.88	0.37	-0.51	-0.4
Total Stockholder Equity	0.31	-0.2	-0.44	-0.33		0.43	-0.19	0.43	-0.18	-0.02	0.0	0.04	0.36	-0.08	-0.33	0.38	0.57	0.17	-0.34	0.44	-0.36	0.15	-0.38	0.41	-0.46	0.64
Property Plant And Equipment Net	0.96	0.71	0.28	0.46	0.43		0.69	0.96	0.51	0.78	0.52	0.53	0.94	-0.9	0.62	0.91	0.02	-0.75	0.59	0.94	0.36	0.83	0.25	0.86	-0.86	-0.05
Net Debt	0.71	0.97	0.37	0.56	-0.19	0.69		0.71	0.53	0.8	0.48	0.38	0.65	-0.82	0.85	0.61	-0.44	-0.9	0.79	0.54	0.61	0.66	0.38	0.44	-0.46	-0.54
Retained Earnings	0.92	0.69	0.11	0.31	0.43	0.96	0.71		0.38	0.68	0.48	0.37	0.92	-0.88	0.55	0.9	-0.01	-0.76	0.49	0.88	0.25	0.82	0.16	0.86	-0.78	-0.11
Cash	0.58	0.71	0.88	0.9	-0.18	0.51	0.53	0.38		0.87	0.7	0.95	0.47	-0.7	0.87	0.56	-0.57	-0.7	0.9	0.59	0.64	0.65	0.78	0.4	-0.51	-0.25
Non Current Assets Total	0.8	0.9	0.73	0.86	-0.02	0.78	0.8	0.68	0.87		0.72	0.79	0.7	-0.9	0.94	0.74	-0.38	-0.88	0.94	0.72	0.73	0.78	0.7	0.57	-0.71	-0.34
Non Currrent Assets Other	0.64	0.59	0.55	0.66	0.0	0.52	0.48	0.48	0.7	0.72		0.59	0.35	-0.57	0.63	0.73	-0.5	-0.62	0.66	0.54	0.55	0.84	0.77	0.32	-0.28	-0.42
Cash And Short Term Investments	0.58	0.57	0.79	0.8	0.04	0.53	0.38	0.37	0.95	0.79	0.59		0.51	-0.64	0.74	0.56	-0.43	-0.55	0.78	0.67	0.51	0.59	0.67	0.45	-0.6	0.07
Net Receivables	0.89	0.66	0.28	0.44	0.36	0.94	0.65	0.92	0.47	0.7	0.35	0.51		-0.9	0.59	0.85	0.0	-0.75	0.56	0.92	0.33	0.73	0.19	0.93	-0.89	0.03
Common Stock Shares Outstanding	-0.87	-0.87	-0.54	-0.7	-0.08	-0.9	-0.82	-0.88	-0.7	-0.9	-0.57	-0.64	-0.9		-0.85	-0.83	0.22	0.94	-0.83	-0.84	-0.57	-0.81	-0.51	-0.82	0.83	0.29
Non Current Liabilities Total	0.68	0.94	0.78	0.87	-0.33	0.62	0.85	0.55	0.87	0.94	0.63	0.74	0.59	-0.85		0.59	-0.57	-0.91	0.99	0.58	0.74	0.7	0.72	0.44	-0.53	-0.49
Inventory	0.94	0.66	0.3	0.48	0.38	0.91	0.61	0.9	0.56	0.74	0.73	0.56	0.85	-0.83	0.59		-0.21	-0.74	0.58	0.93	0.37	0.95	0.41	0.79	-0.71	-0.08
Other Current Assets	-0.17	-0.52	-0.46	-0.46	0.57	0.02	-0.44	-0.01	-0.57	-0.38	-0.5	-0.43	0.0	0.22	-0.57	-0.21		0.44	-0.55	-0.11	-0.39	-0.38	-0.51	0.16	-0.23	0.42
Other Stockholder Equity	-0.75	-0.94	-0.57	-0.73	0.17	-0.75	-0.9	-0.76	-0.7	-0.88	-0.62	-0.55	-0.75	0.94	-0.91	-0.74	0.44		-0.88	-0.66	-0.63	-0.78	-0.59	-0.66	0.62	0.54
Total Liab	0.64	0.9	0.85	0.93	-0.34	0.59	0.79	0.49	0.9	0.94	0.66	0.78	0.56	-0.83	0.99	0.58	-0.55	-0.88		0.56	0.79	0.68	0.79	0.43	-0.54	-0.48
Total Current Assets	0.95	0.61	0.34	0.47	0.44	0.94	0.54	0.88	0.59	0.72	0.54	0.67	0.92	-0.84	0.58	0.93	-0.11	-0.66	0.56		0.31	0.85	0.29	0.85	-0.82	0.13
Short Term Debt	0.42	0.68	0.73	0.85	-0.36	0.36	0.61	0.25	0.64	0.73	0.55	0.51	0.33	-0.57	0.74	0.37	-0.39	-0.63	0.79	0.31		0.43	0.73	0.19	-0.33	-0.46
Accounts Payable	0.92	0.72	0.42	0.57	0.15	0.83	0.66	0.82	0.65	0.78	0.84	0.59	0.73	-0.81	0.7	0.95	-0.38	-0.78	0.68	0.85	0.43		0.53	0.66	-0.56	-0.28
Property Plant And Equipment Gross	0.34	0.53	0.85	0.88	-0.38	0.25	0.38	0.16	0.78	0.7	0.77	0.67	0.19	-0.51	0.72	0.41	-0.51	-0.59	0.79	0.29	0.73	0.53		0.18	-0.27	-0.41
Current Deferred Revenue	0.77	0.47	0.25	0.37	0.41	0.86	0.44	0.86	0.4	0.57	0.32	0.45	0.93	-0.82	0.44	0.79	0.16	-0.66	0.43	0.85	0.19	0.66	0.18		-0.89	0.03
Common Stock Total Equity	-0.74	-0.52	-0.38	-0.51	-0.46	-0.86	-0.46	-0.78	-0.51	-0.71	-0.28	-0.6	-0.89	0.83	-0.53	-0.71	-0.23	0.62	-0.54	-0.82	-0.33	-0.56	-0.27	-0.89		-0.17
Short Term Investments	-0.11	-0.52	-0.35	-0.4	0.64	-0.05	-0.54	-0.11	-0.25	-0.34	-0.42	0.07	0.03	0.29	-0.49	-0.08	0.42	0.54	-0.48	0.13	-0.46	-0.28	-0.41	0.03	-0.17

Click cells to compare fundamentals

3M Account Relationship Matchups

3M fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.7B	47.3B	47.1B	46.5B	50.6B	25.6B
Short Long Term Debt Total	20.6B	19.1B	17.6B	16.2B	16.9B	17.7B
Other Current Liab	3.5B	3.8B	3.9B	3.6B	8.3B	8.7B
Total Current Liabilities	9.2B	7.9B	9.0B	9.5B	15.3B	16.1B
Total Stockholder Equity	10.1B	12.9B	15.1B	14.8B	4.8B	4.6B
Property Plant And Equipment Net	10.2B	10.3B	10.3B	10.0B	9.9B	7.1B
Net Debt	18.2B	14.4B	13.1B	12.5B	10.9B	11.5B
Retained Earnings	42.1B	43.8B	45.8B	48.0B	37.5B	22.7B
Cash	2.4B	4.6B	4.6B	3.7B	5.9B	6.2B
Non Current Assets Total	31.7B	32.4B	31.7B	31.8B	34.2B	35.9B
Non Currrent Assets Other	957M	1.4B	1.8B	2.3B	2.0B	1.3B
Cash And Short Term Investments	2.5B	5.0B	4.8B	3.9B	6.0B	6.3B
Net Receivables	4.8B	4.7B	4.7B	4.5B	4.9B	3.6B
Common Stock Shares Outstanding	585.1M	582.2M	585.3M	567.6M	553.9M	606.9M
Liabilities And Stockholders Equity	44.7B	47.3B	47.1B	46.5B	50.6B	25.6B
Non Current Liabilities Total	25.3B	26.5B	22.9B	22.2B	30.4B	31.9B
Inventory	4.1B	4.2B	5.0B	5.4B	4.8B	3.2B
Other Current Assets	891M	325M	339M	456M	149M	141.6M
Other Stockholder Equity	(23.9B)	(23.2B)	(24.0B)	(26.5B)	(25.9B)	(24.6B)
Total Liab	34.5B	34.4B	32.0B	31.7B	45.7B	48.0B
Total Current Assets	13.0B	15.0B	15.4B	14.7B	16.4B	10.0B
Short Term Debt	3.0B	1.1B	1.6B	2.2B	3.2B	3.3B
Accounts Payable	2.2B	2.6B	3.0B	3.2B	3.2B	1.6B
Property Plant And Equipment Gross	10.2B	10.3B	10.3B	26.0B	27.6B	29.0B
Accumulated Other Comprehensive Income	(8.1B)	(7.7B)	(6.8B)	(6.7B)	(6.8B)	(6.4B)
Current Deferred Revenue	430M	498M	529M	538M	572M	367.8M
Short Term Investments	98M	404M	201M	238M	53M	50.4M
Intangible Assets	6.4B	5.8B	5.3B	4.7B	4.2B	2.5B
Other Liab	7.1B	8.5B	6.9B	7.5B	8.6B	4.8B
Long Term Debt	17.5B	18.0B	16.1B	14.0B	13.1B	7.9B
Treasury Stock	(29.6B)	(29.8B)	(29.4B)	(30.5B)	(27.4B)	(26.0B)
Property Plant Equipment	9.3B	9.4B	10.3B	10.0B	11.5B	8.3B
Good Will	13.4B	13.8B	13.5B	12.8B	12.9B	8.3B
Net Tangible Assets	(9.8B)	(6.8B)	(3.7B)	(2.8B)	(2.5B)	(2.4B)
Noncontrolling Interest In Consolidated Entity	63M	64M	71M	48M	43.2M	41.0M
Retained Earnings Total Equity	42.1B	43.8B	45.8B	48.0B	55.1B	40.0B
Capital Surpluse	5.9B	6.2B	6.4B	6.7B	7.7B	5.4B

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When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:

How To Invest In 3M

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Is 3M Stock a good investment?

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What is 3M's Net Worth?

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Largest Industrial Conglomerates Companies

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Largest Capital Goods Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running 3M's price analysis, check to measure 3M'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 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.

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Is 3M's 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 3M. If investors know 3M 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 3M 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

(0.05)

Dividend Share

6.01

Earnings Share

(12.73)

Revenue Per Share

58.89

Quarterly Revenue Growth

(0)

The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's 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 3M's market value can be influenced by many factors that don't directly affect 3M's 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 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's 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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3M Inventory vs Non Current Liabilities Total Analysis

Inventory vs Non Current Liabilities Total

Inventory vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Inventory

Non Current Liabilities Total

3M fundamental ratios Correlations

3M Account Relationship Matchups

High Positive Relationship

High Negative Relationship

3M fundamental ratios Accounts

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Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for 3M Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Non Current Liabilities Total
Net Debt	+ 0.97	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.96	Total Assets
Total Current Liabilities	+ 0.96	Other Current Liab
Retained Earnings	+ 0.96	Property Plant And Equipment Net
Total Current Assets	+ 0.95	Total Assets

Other Stockholder Equity	- 0.94	Short Long Term Debt Total
Other Stockholder Equity	- 0.91	Non Current Liabilities Total
Common Stock Shares Outstanding	- 0.9	Net Receivables
Common Stock Shares Outstanding	- 0.9	Non Current Assets Total
Other Stockholder Equity	- 0.9	Net Debt
Common Stock Shares Outstanding	- 0.9	Property Plant And Equipment Net