Codere Cash vs Net Receivables Analysis

CDRO Stock

USD 8.07 0.00 0.00%

Codere Online financial indicator trend analysis is way more than just evaluating Codere Online Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codere Online Corp is a good investment. Please check the relationship between Codere Online Cash and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codere Online Corp Cash account and Net Receivables. At this time, the significance of the direction appears to have pay attention.

The correlation between Codere Online's Cash and Net Receivables is -0.78. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Codere Online Corp, assuming nothing else is changed. The correlation between historical values of Codere Online's Cash and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Codere Online Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., Codere Online's Cash and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Codere Online Corp, which is listed under current asset account on Codere Online Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Codere Online customers. The amounts must be unrestricted with restricted cash listed in a different Codere Online 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.

Net Receivables

Most indicators from Codere Online's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codere Online Corp 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 Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

As of the 1st of July 2024, Tax Provision is likely to grow to about 3.6 M, while Selling General Administrative is likely to drop about 40.1 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	50.8M	25.7M	29.5M	41.4M
Interest Income	4.5M	25.1M	22.6M	14.7M

Depreciation And Amortization Interest Income

Codere Online fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Intangible Assets
Total Assets		-0.86	0.63	-0.45	0.96	0.55	0.68	-0.93	0.79	0.96	-0.74	-0.85	0.95	-0.58	-0.82	0.58	-0.77	0.73	0.86	-0.74	0.93	-0.81	1.0	0.97	-0.81	-0.73
Short Long Term Debt Total	-0.86		-0.86	0.67	-0.93	-0.82	-0.85	0.96	-0.8	-0.9	0.81	0.95	-0.91	0.78	0.67	-0.72	0.93	-0.79	-0.96	0.9	-0.69	0.98	-0.86	-0.9	0.98	0.87
Other Current Liab	0.63	-0.86		-0.36	0.68	0.99	0.63	-0.76	0.88	0.68	-0.77	-0.78	0.7	-0.69	-0.29	0.88	-0.81	0.83	0.93	-0.61	0.35	-0.87	0.64	0.64	-0.87	-0.9
Total Current Liabilities	-0.45	0.67	-0.36		-0.63	-0.34	-0.7	0.64	-0.17	-0.56	0.47	0.61	-0.55	0.65	0.69	-0.17	0.56	-0.3	-0.52	0.83	-0.47	0.67	-0.45	-0.62	0.67	0.47
Total Stockholder Equity	0.96	-0.93	0.68	-0.63		0.62	0.74	-0.97	0.72	0.94	-0.73	-0.93	0.94	-0.63	-0.86	0.53	-0.87	0.68	0.89	-0.86	0.91	-0.88	0.96	0.99	-0.88	-0.75
Property Plant And Equipment Net	0.55	-0.82	0.99	-0.34	0.62		0.61	-0.69	0.83	0.6	-0.7	-0.77	0.62	-0.63	-0.2	0.86	-0.81	0.77	0.88	-0.6	0.27	-0.82	0.56	0.56	-0.82	-0.84
Current Deferred Revenue	0.68	-0.85	0.63	-0.7	0.74	0.61		-0.8	0.64	0.79	-0.69	-0.78	0.79	-0.8	-0.49	0.66	-0.76	0.67	0.73	-0.9	0.5	-0.85	0.68	0.71	-0.85	-0.7
Net Debt	-0.93	0.96	-0.76	0.64	-0.97	-0.69	-0.8		-0.8	-0.98	0.87	0.89	-0.98	0.79	0.79	-0.68	0.83	-0.82	-0.94	0.84	-0.81	0.96	-0.94	-0.97	0.96	0.88
Accounts Payable	0.79	-0.8	0.88	-0.17	0.72	0.83	0.64	-0.8		0.82	-0.85	-0.71	0.84	-0.69	-0.36	0.94	-0.69	0.94	0.9	-0.52	0.51	-0.82	0.8	0.71	-0.82	-0.89
Cash	0.96	-0.9	0.68	-0.56	0.94	0.6	0.79	-0.98	0.82		-0.88	-0.82	1.0	-0.78	-0.8	0.68	-0.74	0.84	0.9	-0.77	0.84	-0.91	0.97	0.96	-0.91	-0.85
Non Current Assets Total	-0.74	0.81	-0.77	0.47	-0.73	-0.7	-0.69	0.87	-0.85	-0.88		0.61	-0.89	0.93	0.54	-0.85	0.55	-0.97	-0.88	0.57	-0.51	0.9	-0.76	-0.76	0.9	0.97
Long Term Debt	-0.85	0.95	-0.78	0.61	-0.93	-0.77	-0.78	0.89	-0.71	-0.82	0.61		-0.82	0.56	0.65	-0.57	0.99	-0.61	-0.88	0.91	-0.74	0.87	-0.84	-0.87	0.87	0.71
Cash And Short Term Investments	0.95	-0.91	0.7	-0.55	0.94	0.62	0.79	-0.98	0.84	1.0	-0.89	-0.82		-0.79	-0.77	0.71	-0.74	0.86	0.91	-0.77	0.82	-0.92	0.96	0.95	-0.92	-0.86
Net Receivables	-0.58	0.78	-0.69	0.65	-0.63	-0.63	-0.8	0.79	-0.69	-0.78	0.93	0.56	-0.79		0.47	-0.77	0.51	-0.86	-0.77	0.65	-0.35	0.88	-0.6	-0.65	0.88	0.9
Common Stock Shares Outstanding	-0.82	0.67	-0.29	0.69	-0.86	-0.2	-0.49	0.79	-0.36	-0.8	0.54	0.65	-0.77	0.47		-0.13	0.55	-0.41	-0.61	0.69	-0.92	0.64	-0.81	-0.9	0.64	0.48
Short Term Investments	0.58	-0.72	0.88	-0.17	0.53	0.86	0.66	-0.68	0.94	0.68	-0.85	-0.57	0.71	-0.77	-0.13		-0.57	0.94	0.82	-0.44	0.23	-0.79	0.59	0.51	-0.79	-0.9
Non Current Liabilities Total	-0.77	0.93	-0.81	0.56	-0.87	-0.81	-0.76	0.83	-0.69	-0.74	0.55	0.99	-0.74	0.51	0.55	-0.57		-0.57	-0.85	0.89	-0.65	0.83	-0.77	-0.79	0.83	0.67
Other Current Assets	0.73	-0.79	0.83	-0.3	0.68	0.77	0.67	-0.82	0.94	0.84	-0.97	-0.61	0.86	-0.86	-0.41	0.94	-0.57		0.88	-0.5	0.45	-0.87	0.75	0.7	-0.87	-0.97
Other Stockholder Equity	0.86	-0.96	0.93	-0.52	0.89	0.88	0.73	-0.94	0.9	0.9	-0.88	-0.88	0.91	-0.77	-0.61	0.82	-0.85	0.88		-0.75	0.65	-0.96	0.87	0.87	-0.96	-0.94
Total Liab	-0.74	0.9	-0.61	0.83	-0.86	-0.6	-0.9	0.84	-0.52	-0.77	0.57	0.91	-0.77	0.65	0.69	-0.44	0.89	-0.5	-0.75		-0.67	0.84	-0.74	-0.82	0.84	0.61
Net Invested Capital	0.93	-0.69	0.35	-0.47	0.91	0.27	0.5	-0.81	0.51	0.84	-0.51	-0.74	0.82	-0.35	-0.92	0.23	-0.65	0.45	0.65	-0.67		-0.62	0.92	0.92	-0.62	-0.47
Short Long Term Debt	-0.81	0.98	-0.87	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.92	0.88	0.64	-0.79	0.83	-0.87	-0.96	0.84	-0.62		-0.82	-0.87	1.0	0.94
Total Current Assets	1.0	-0.86	0.64	-0.45	0.96	0.56	0.68	-0.94	0.8	0.97	-0.76	-0.84	0.96	-0.6	-0.81	0.59	-0.77	0.75	0.87	-0.74	0.92	-0.82		0.97	-0.82	-0.74
Net Working Capital	0.97	-0.9	0.64	-0.62	0.99	0.56	0.71	-0.97	0.71	0.96	-0.76	-0.87	0.95	-0.65	-0.9	0.51	-0.79	0.7	0.87	-0.82	0.92	-0.87	0.97		-0.87	-0.75
Short Term Debt	-0.81	0.98	-0.87	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.92	0.88	0.64	-0.79	0.83	-0.87	-0.96	0.84	-0.62	1.0	-0.82	-0.87		0.94
Intangible Assets	-0.73	0.87	-0.9	0.47	-0.75	-0.84	-0.7	0.88	-0.89	-0.85	0.97	0.71	-0.86	0.9	0.48	-0.9	0.67	-0.97	-0.94	0.61	-0.47	0.94	-0.74	-0.75	0.94

Click cells to compare fundamentals

Codere Online Account Relationship Matchups

Codere Online fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Short Long Term Debt Total	51.7M	39.2M	3.0M	5.0M	4.5M	4.2M
Other Current Liab	4.9M	4.4M	6.5M	14.7M	16.9M	17.8M
Total Current Liabilities	54.1M	37.0M	31.6M	42.8M	38.5M	33.2M
Total Stockholder Equity	(31.4M)	(40.0M)	68.0M	24.4M	28.1M	29.5M
Property Plant And Equipment Net	92K	116K	133K	971K	1.1M	1.2M
Net Debt	43.7M	28.3M	(91.9M)	(48.9M)	(44.0M)	(41.8M)
Accounts Payable	18.5M	13.0M	19.7M	23.8M	27.4M	19.1M
Cash	8.0M	10.9M	94.9M	53.8M	61.9M	37.5M
Non Current Assets Total	2.1M	1.2M	606K	983K	884.7K	1.3M
Cash And Short Term Investments	12.4M	15.7M	98.8M	60.6M	69.7M	42.4M
Net Receivables	29.5M	1.4M	5.1M	7.1M	6.4M	11.2M
Short Term Investments	4.4M	4.8M	3.9M	6.8M	7.8M	4.9M
Liabilities And Stockholders Equity	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Other Current Assets	4.6M	5.0M	6.5M	7.4M	8.5M	5.4M
Total Liab	75.6M	58.5M	37.1M	44.8M	40.3M	43.4M
Net Invested Capital	20.2M	(799K)	71.0M	29.4M	33.8M	30.8M
Short Long Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Total Current Assets	42.1M	17.3M	104.7M	68.3M	78.6M	58.4M
Net Working Capital	(12.0M)	(19.7M)	73.1M	25.6M	29.4M	30.9M
Short Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Intangible Assets	2.0M	1.1M	469K	10K	9K	8.6K

Pair Trading with Codere Online

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 Codere Online 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 Codere Online will appreciate offsetting losses from the drop in the long position's value.

Moving against Codere Stock

0.49	WW	WW International	Pair Corr
0.37	BFI	Burgerfi International	Pair Corr
0.35	EVRI	Everi Holdings	Pair Corr
0.32	EXPE	Expedia Group	Pair Corr

The ability to find closely correlated positions to Codere Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codere Online 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 Codere Online - 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 Codere Online Corp to buy it.

The correlation of Codere Online 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 Codere Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codere Online Corp 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 Codere Online 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.

Pair Correlation Correlation Matching

Additional Information and Resources on Investing in Codere Stock

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

How To Invest In Codere

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Is Codere Stock a good investment?

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What is Codere Online's Net Worth?

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Largest Hotels, Restaurants & Leisure Companies

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Largest Consumer Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Hotels, Restaurants & Leisure space 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 Codere Online. If investors know Codere 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 Codere Online listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.71)

Revenue Per Share

3.083

Quarterly Revenue Growth

0.456

Return On Assets

(0.32)

Return On Equity

(0.82)

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

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash

Net Receivables

Codere Online fundamental ratios Correlations

Codere Online Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Codere Online fundamental ratios Accounts

Pair Trading with Codere Online

Moving against Codere Stock

Additional Information and Resources on Investing in Codere Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Short Long Term Debt
Property Plant And Equipment Net	+ 0.99	Other Current Liab
Net Working Capital	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Long Term Debt

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Intangible Assets	- 0.97	Other Current Assets
Other Current Assets	- 0.97	Non Current Assets Total
Net Working Capital	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity