Allmed Other Current Assets vs Total Assets Analysis

002950 Stock   9.41  0.05  0.53%   
Allmed Medical financial indicator trend analysis is way more than just evaluating Allmed Medical Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allmed Medical Products is a good investment. Please check the relationship between Allmed Medical Other Current Assets and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allmed Medical Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Current Assets vs Total Assets

Other Current Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allmed Medical Products Other Current Assets account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Allmed Medical's Other Current Assets and Total Assets is 0.04. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Allmed Medical Products, assuming nothing else is changed. The correlation between historical values of Allmed Medical's Other Current Assets and Total 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 Other Current Assets of Allmed Medical Products are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Assets i.e., Allmed Medical's Other Current Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Total Assets

Total assets refers to the total amount of Allmed Medical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Allmed Medical Products books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Allmed Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allmed Medical Products 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 Allmed Medical Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 84.1 M. The current year's Selling General Administrative is expected to grow to about 102.7 M
 2022 2023 2024 2025 (projected)
Gross Profit1.4B768.6M883.9M994.9M
Total Revenue4.2B2.8B3.2B2.9B

Allmed Medical fundamental ratios Correlations

0.920.990.990.720.580.97-0.580.840.730.90.950.040.960.820.920.890.910.00.950.980.040.68-0.530.88-0.96
0.920.850.880.830.60.88-0.440.750.80.780.85-0.040.980.850.870.740.830.070.860.840.150.63-0.580.69-0.92
0.990.850.990.650.570.96-0.630.810.690.880.930.020.90.770.890.880.87-0.020.950.99-0.030.71-0.540.91-0.93
0.990.880.990.640.640.95-0.560.810.660.890.940.070.930.830.930.890.910.070.940.990.040.69-0.550.88-0.94
0.720.830.650.640.190.75-0.510.610.970.570.67-0.230.780.420.570.510.57-0.330.70.6-0.160.51-0.470.51-0.71
0.580.60.570.640.190.390.00.290.230.420.510.280.570.780.810.470.560.650.440.650.140.45-0.650.44-0.57
0.970.880.960.950.750.39-0.650.820.770.870.9-0.120.920.720.780.840.86-0.180.980.920.020.72-0.470.87-0.94
-0.58-0.44-0.63-0.56-0.510.0-0.65-0.55-0.6-0.43-0.530.33-0.46-0.19-0.39-0.48-0.320.6-0.63-0.580.31-0.440.23-0.720.61
0.840.750.810.810.610.290.82-0.550.540.890.940.150.830.640.750.840.82-0.010.810.82-0.040.39-0.240.77-0.8
0.730.80.690.660.970.230.77-0.60.540.530.64-0.250.750.40.590.520.53-0.390.720.63-0.190.56-0.50.56-0.71
0.90.780.880.890.570.420.87-0.430.890.530.960.280.890.780.830.930.97-0.010.810.870.170.4-0.240.81-0.82
0.950.850.930.940.670.510.9-0.530.940.640.960.230.930.780.910.930.930.030.860.940.030.48-0.370.85-0.88
0.04-0.040.020.07-0.230.28-0.120.330.15-0.250.280.230.070.230.290.420.230.44-0.190.110.41-0.560.45-0.050.17
0.960.980.90.930.780.570.92-0.460.830.750.890.930.070.870.90.840.920.050.890.90.160.59-0.490.76-0.94
0.820.850.770.830.420.780.72-0.190.640.40.780.780.230.870.870.760.860.390.720.80.460.48-0.430.63-0.82
0.920.870.890.930.570.810.78-0.390.750.590.830.910.290.90.870.850.870.290.780.940.070.52-0.560.78-0.85
0.890.740.880.890.510.470.84-0.480.840.520.930.930.420.840.760.850.870.040.790.890.250.34-0.130.78-0.75
0.910.830.870.910.570.560.86-0.320.820.530.970.930.230.920.860.870.870.110.810.880.20.51-0.390.79-0.86
0.00.07-0.020.07-0.330.65-0.180.6-0.01-0.39-0.010.030.440.050.390.290.040.11-0.070.10.25-0.01-0.23-0.160.01
0.950.860.950.940.70.440.98-0.630.810.720.810.86-0.190.890.720.780.790.81-0.070.92-0.040.8-0.560.86-0.94
0.980.840.990.990.60.650.92-0.580.820.630.870.940.110.90.80.940.890.880.10.92-0.030.67-0.550.9-0.92
0.040.15-0.030.04-0.160.140.020.31-0.04-0.190.170.030.410.160.460.070.250.20.25-0.04-0.03-0.290.44-0.19-0.02
0.680.630.710.690.510.450.72-0.440.390.560.40.48-0.560.590.480.520.340.51-0.010.80.67-0.29-0.830.69-0.73
-0.53-0.58-0.54-0.55-0.47-0.65-0.470.23-0.24-0.5-0.24-0.370.45-0.49-0.43-0.56-0.13-0.39-0.23-0.56-0.550.44-0.83-0.490.62
0.880.690.910.880.510.440.87-0.720.770.560.810.85-0.050.760.630.780.780.79-0.160.860.9-0.190.69-0.49-0.82
-0.96-0.92-0.93-0.94-0.71-0.57-0.940.61-0.8-0.71-0.82-0.880.17-0.94-0.82-0.85-0.75-0.860.01-0.94-0.92-0.02-0.730.62-0.82
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Allmed Medical Account Relationship Matchups

Allmed Medical fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets4.9B5.0B5.7B5.1B5.8B4.3B
Total Current Liabilities1.5B1.6B2.1B1.3B1.5B1.3B
Total Stockholder Equity2.9B2.8B3.1B3.2B3.7B2.4B
Retained Earnings1.7B1.6B1.7B1.7B2.0B1.2B
Accounts Payable143.9M253.9M897.3M326.1M375.0M296.3M
Cash1.3B678.5M522.2M397.0M456.6M544.4M
Non Current Assets Total2.0B2.8B3.3B3.3B3.8B2.3B
Non Currrent Assets Other51.0M40.1M10.4M692.8K623.5K592.3K
Net Receivables238.5M589.0M483.2M376.4M432.9M380.3M
Short Term Investments35.6M8.1M264.6M96.8M111.3M64.5M
Non Current Liabilities Total467.7M614.2M549.6M547.9M630.1M504.5M
Inventory707.3M846.6M877.3M707.2M813.3M711.3M
Other Current Assets243.9M119.6M81.9M56.2M50.6M48.1M
Total Liab1.9B2.3B2.6B1.9B2.2B1.8B
Short Long Term Debt1.1B1.1B792.1M749.6M862.0M800.5M
Total Current Assets2.8B2.2B2.4B1.8B2.0B2.0B
Intangible Assets219.5M234.7M213.6M202.7M233.1M208.6M
Other Current Liab161.7M144.0M16.1M7.8M7.0M6.6M
Other Liab245.8M289.4M367.7M486.0M558.9M360.7M
Net Tangible Assets1.1B1.9B2.7B2.5B2.9B2.0B
Other Assets94.1M106.2M137.6M139.2M160.1M132.0M
Long Term Debt100M127.6M111.4M146.3M131.7M120.5M
Other Stockholder Equity582.5K5.1M(40.2M)(63.6M)(57.3M)(54.4M)
Deferred Long Term Liab565.9K1.1M1.3M1.1M1.0M1.0M
Net Invested Capital4.1B3.9B4.0B4.1B4.7B3.6B
Net Working Capital1.4B604.5M332.0M454.1M522.2M681.2M
Property Plant Equipment1.2B1.2B1.3B1.6B1.8B1.4B
Property Plant And Equipment Net1.3B1.6B2.0B2.0B2.3B1.8B
Property Plant And Equipment Gross2.0B2.6B3.1B3.3B3.8B2.8B

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Other Information on Investing in Allmed Stock

Balance Sheet is a snapshot of the financial position of Allmed Medical Products at a specified time, usually calculated after every quarter, six months, or one year. Allmed Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allmed Medical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Allmed currently owns. An asset can also be divided into two categories, current and non-current.