Molson Other Current Assets vs Inventory Analysis

TAP-A Stock  USD 60.38  1.38  2.34%   
Molson Coors financial indicator trend analysis is infinitely more than just investigating Molson Coors Beverage recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Molson Coors Beverage is a good investment. Please check the relationship between Molson Coors Other Current Assets and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Molson Coors Beverage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Other Current Assets vs Inventory

Other Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Molson Coors Beverage Other Current Assets account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Molson Coors' Other Current Assets and Inventory is 0.93. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Molson Coors Beverage, assuming nothing else is changed. The correlation between historical values of Molson Coors' Other Current Assets 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 Other Current Assets of Molson Coors Beverage 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 Other Current Assets i.e., Molson Coors' Other Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Inventory

Most indicators from Molson Coors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Molson Coors Beverage 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Molson Coors Beverage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At present, Molson Coors' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 1.4 B.
 2021 2022 2023 2024 (projected)
Total Revenue10.3B10.7B11.7B12.3B
Depreciation And Amortization875.1M684.8M682.8M716.9M

Molson Coors fundamental ratios Correlations

0.940.970.970.910.960.391.00.780.390.770.760.960.860.790.960.990.861.00.860.030.610.89-0.180.910.33
0.940.950.930.760.940.50.930.850.50.690.660.840.870.780.910.90.90.940.70.120.760.81-0.10.770.32
0.970.950.930.790.990.490.960.850.490.80.780.870.870.820.980.920.930.960.730.070.580.88-0.170.810.3
0.970.930.930.880.940.330.970.830.330.650.630.940.930.820.930.970.840.980.810.10.560.9-0.220.890.2
0.910.760.790.880.780.130.920.490.130.660.660.980.660.580.780.960.60.90.98-0.140.550.8-0.210.970.43
0.960.940.990.940.780.450.950.870.450.730.730.860.890.820.970.90.90.950.720.050.560.9-0.230.810.28
0.390.50.490.330.130.450.360.411.00.430.390.250.360.290.520.310.720.360.13-0.130.450.160.470.19-0.19
1.00.930.960.970.920.950.360.760.360.770.760.970.850.780.950.990.841.00.880.020.610.89-0.20.920.35
0.780.850.850.830.490.870.410.760.410.480.470.630.950.910.840.70.860.80.410.410.40.77-0.230.55-0.03
0.390.50.490.330.130.451.00.360.410.430.390.250.360.290.520.310.720.360.13-0.130.450.160.470.19-0.19
0.770.690.80.650.660.730.430.770.480.430.940.710.530.590.780.730.730.750.72-0.050.460.67-0.080.730.49
0.760.660.780.630.660.730.390.760.470.390.940.710.50.540.790.720.660.730.74-0.030.40.66-0.080.740.55
0.960.840.870.940.980.860.250.970.630.250.710.710.780.710.880.990.730.960.95-0.040.530.86-0.20.960.34
0.860.870.870.930.660.890.360.850.950.360.530.50.780.930.890.820.870.890.580.30.40.85-0.260.69-0.01
0.790.780.820.820.580.820.290.780.910.290.590.540.710.930.820.750.830.820.540.370.30.82-0.330.630.04
0.960.910.980.930.780.970.520.950.840.520.780.790.880.890.820.920.930.960.740.090.490.86-0.130.810.22
0.990.90.920.970.960.90.310.990.70.310.730.720.990.820.750.920.790.980.920.00.610.87-0.180.950.35
0.860.90.930.840.60.90.720.840.860.720.730.660.730.870.830.930.790.860.540.110.530.740.00.640.05
1.00.940.960.980.90.950.361.00.80.360.750.730.960.890.820.960.980.860.850.090.60.89-0.20.90.32
0.860.70.730.810.980.720.130.880.410.130.720.740.950.580.540.740.920.540.85-0.150.530.76-0.190.980.46
0.030.120.070.1-0.140.05-0.130.020.41-0.13-0.05-0.03-0.040.30.370.090.00.110.09-0.15-0.08-0.01-0.12-0.09-0.23
0.610.760.580.560.550.560.450.610.40.450.460.40.530.40.30.490.610.530.60.53-0.080.370.150.520.48
0.890.810.880.90.80.90.160.890.770.160.670.660.860.850.820.860.870.740.890.76-0.010.37-0.550.850.32
-0.18-0.1-0.17-0.22-0.21-0.230.47-0.2-0.230.47-0.08-0.08-0.2-0.26-0.33-0.13-0.180.0-0.2-0.19-0.120.15-0.55-0.27-0.21
0.910.770.810.890.970.810.190.920.550.190.730.740.960.690.630.810.950.640.90.98-0.090.520.85-0.270.37
0.330.320.30.20.430.28-0.190.35-0.03-0.190.490.550.34-0.010.040.220.350.050.320.46-0.230.480.32-0.210.37
Click cells to compare fundamentals

Molson Coors Account Relationship Matchups

Molson Coors fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.9B27.3B27.6B25.9B26.4B27.7B
Total Current Liabilities3.7B3.9B3.6B3.4B4.1B4.3B
Total Stockholder Equity13.4B12.4B13.4B12.7B13.2B13.9B
Property Plant And Equipment Net4.5B4.3B4.2B4.2B4.4B4.7B
Net Debt8.5B7.5B6.5B6.0B5.4B5.7B
Retained Earnings7.6B6.5B7.4B6.9B7.5B7.9B
Cash523.4M770.1M637.4M600M868.9M912.3M
Non Current Assets Total26.7B24.9B24.8B23.2B23.5B24.7B
Non Currrent Assets Other841.5M954.9M1.2B915.5M1.1B1.2B
Cash And Short Term Investments523.4M770.1M637.4M600M868.9M912.3M
Net Receivables871M820.3M687.1M879.4M866.2M537.3M
Common Stock Shares Outstanding216.6M216.9M216.8M217.6M217.3M147.1M
Liabilities And Stockholders Equity28.9B27.3B27.6B25.9B26.4B27.7B
Non Current Liabilities Total11.5B10.8B10.3B9.6B8.8B9.3B
Inventory615.9M664.3M804.7M792.9M802.3M842.4M
Other Current Assets224.8M297.3M457.2M378.9M297.9M312.8M
Other Stockholder Equity6.3B6.5B6.5B6.5B6.4B6.7B
Total Liab15.2B14.7B14.0B13.0B12.9B13.6B
Total Current Assets2.2B2.4B2.8B2.6B2.8B3.0B
Intangible Assets13.7B13.6B13.3B12.8B12.6B13.2B
Short Long Term Debt Total9.0B8.3B7.2B6.6B6.3B3.3B
Other Current Liab387.7M472.2M386.1M288.7M329.4M178.0M
Short Term Debt928.2M1.1B514.9M397.1M958.7M1.0B
Accounts Payable2.8B1.7B3.1B3.0B2.1B2.3B
Current Deferred Revenue(387.7M)637.5M(386.1M)(288.7M)654.7M354.8M
Good Will7.6B6.2B6.2B5.3B5.3B3.2B
Accumulated Other Comprehensive Income(1.2B)(1.2B)(1.0B)(1.2B)(1.1B)(1.1B)
Common Stock662.4M522.2M522.1M517.6M455.2M290.8M
Common Stock Total Equity662.8M2M2K2.1M2.4M2.3M
Property Plant And Equipment Gross7.6B7.7B7.7B7.9B8.5B9.0B
Net Tangible Assets(7.9B)(7.3B)(6.0B)(5.4B)(4.9B)(5.1B)
Noncontrolling Interest In Consolidated Entity253.7M256.3M247M225.5M259.3M171.5M
Long Term Debt8.1B7.2B6.6B6.2B5.3B7.0B
Retained Earnings Total Equity7.6B6.5B7.4B6.9B7.9B6.7B
Long Term Debt Total8.1B7.2B6.6B6.2B7.1B7.1B
Capital Surpluse6.8B6.9B7.0B7.0B8.1B6.3B
Deferred Long Term Liab2.3B2.4B2.7B2.6B3.0B1.8B

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Molson Coors Beverage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Please note, there is a significant difference between Molson Coors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Molson Coors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Molson Coors' 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.