Grandblue Accounts Payable vs Total Current Assets Analysis

600323 Stock   23.12  0.06  0.26%   
Grandblue Environment financial indicator trend analysis is much more than just examining Grandblue Environment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grandblue Environment is a good investment. Please check the relationship between Grandblue Environment Accounts Payable and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grandblue Environment Co. 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.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grandblue Environment Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
Accounts PayableTotal Current AssetsDiversified AwayAccounts PayableTotal Current AssetsDiversified Away100%
The correlation between Grandblue Environment's Accounts Payable and Total Current Assets is 0.87. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Grandblue Environment Co, assuming nothing else is changed. The correlation between historical values of Grandblue Environment's Accounts Payable and Total Current 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 Accounts Payable of Grandblue Environment Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Grandblue Environment's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Grandblue Environment 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 Grandblue Environment 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.

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.
Most indicators from Grandblue Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grandblue Environment 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 Grandblue Environment Co. 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 Selling General Administrative is expected to grow to about 297.1 M, whereas Tax Provision is forecasted to decline to about 264.9 M.
 2021 2022 2023 2024 (projected)
Operating Income2.0B1.9B2.4B2.5B
Total Revenue11.8B12.9B12.5B13.2B

Grandblue Environment fundamental ratios Correlations

0.270.991.00.950.990.990.770.860.940.60.891.00.980.60.81.00.110.860.360.570.880.790.370.860.23
0.270.360.20.270.20.310.2-0.170.010.770.470.30.380.50.720.230.30.23-0.570.60.250.41-0.040.040.09
0.990.360.970.920.980.990.70.820.930.640.920.990.970.580.830.980.090.880.30.620.90.770.450.860.32
1.00.20.970.961.00.980.790.880.950.540.850.990.970.590.760.990.10.840.410.520.870.780.350.860.19
0.950.270.920.960.950.940.80.750.850.660.820.950.970.620.840.930.10.790.230.560.820.880.180.770.03
0.990.20.981.00.950.980.730.890.960.550.880.990.960.540.751.00.070.850.40.550.890.790.380.880.23
0.990.310.990.980.940.980.70.850.920.640.930.990.960.560.80.980.090.880.330.620.910.790.410.870.32
0.770.20.70.790.80.730.70.560.630.450.50.750.830.740.70.750.320.60.240.290.50.63-0.030.5-0.18
0.86-0.170.820.880.750.890.850.560.950.180.720.850.750.310.390.89-0.060.740.730.270.780.520.490.870.35
0.940.010.930.950.850.960.920.630.950.340.80.940.870.380.590.95-0.050.820.540.420.860.640.520.90.31
0.60.770.640.540.660.550.640.450.180.340.680.620.690.640.880.550.340.59-0.420.840.650.750.110.440.13
0.890.470.920.850.820.880.930.50.720.80.680.90.850.50.80.880.150.810.240.620.880.780.410.80.39
1.00.30.990.990.950.990.990.750.850.940.620.90.980.590.810.990.110.870.340.590.890.790.390.860.26
0.980.380.970.970.970.960.960.830.750.870.690.850.980.670.880.960.170.810.210.620.830.830.260.790.11
0.60.50.580.590.620.540.560.740.310.380.640.50.590.670.680.560.720.520.030.330.550.660.070.51-0.13
0.80.720.830.760.840.750.80.70.390.590.880.80.810.880.680.760.240.72-0.190.720.70.810.140.540.09
1.00.230.980.990.931.00.980.750.890.950.550.880.990.960.560.760.110.850.40.550.880.760.390.870.25
0.110.30.090.10.10.070.090.32-0.06-0.050.340.150.110.170.720.240.110.16-0.110.090.230.280.070.21-0.12
0.860.230.880.840.790.850.880.60.740.820.590.810.870.810.520.720.850.160.290.580.910.630.630.860.49
0.36-0.570.30.410.230.40.330.240.730.54-0.420.240.340.210.03-0.190.4-0.110.29-0.430.290.050.310.480.2
0.570.60.620.520.560.550.620.290.270.420.840.620.590.620.330.720.550.090.58-0.430.630.570.240.470.28
0.880.250.90.870.820.890.910.50.780.860.650.880.890.830.550.70.880.230.910.290.630.780.60.960.39
0.790.410.770.780.880.790.790.630.520.640.750.780.790.830.660.810.760.280.630.050.570.780.010.7-0.18
0.37-0.040.450.350.180.380.41-0.030.490.520.110.410.390.260.070.140.390.070.630.310.240.60.010.640.81
0.860.040.860.860.770.880.870.50.870.90.440.80.860.790.510.540.870.210.860.480.470.960.70.640.35
0.230.090.320.190.030.230.32-0.180.350.310.130.390.260.11-0.130.090.25-0.120.490.20.280.39-0.180.810.35
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Grandblue Environment Account Relationship Matchups

Grandblue Environment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.1B24.9B29.3B33.3B35.8B37.6B
Other Current Liab2.0B2.5B904.3M927.5M522.1M669.9M
Total Current Liabilities6.7B7.8B7.6B9.9B9.9B10.4B
Total Stockholder Equity6.6B7.6B9.9B10.9B12.1B12.7B
Other Liab1.6B1.8B2.0B2.1B2.4B2.6B
Retained Earnings4.3B5.1B6.6B7.5B8.4B8.8B
Accounts Payable2.2B2.7B3.2B3.5B3.4B3.5B
Cash992.9M1.0B1.3B1.1B1.5B1.6B
Other Assets279.1M502.5M451.9M8.2B9.4B9.9B
Net Receivables1.0B1.0B1.7B2.8B3.3B3.4B
Inventory354.9M553.5M270.5M263.9M235.2M124.6M
Other Current Assets899.5M807.6M929.0M976.6M791.3M830.9M
Total Liab13.9B16.8B18.7B21.7B23.0B24.1B
Intangible Assets7.6B10.1B9.4B10.7B11.8B12.4B
Property Plant Equipment8.8B9.7B5.8B6.1B7.0B7.4B
Long Term Debt5.6B7.1B9.0B9.6B10.8B11.4B
Net Tangible Assets(1.4B)(3.0B)61.8M(218.6M)(251.3M)(263.9M)
Other Stockholder Equity43.2M52.1M156.2M61.5M70.7M66.2M
Deferred Long Term Liab92.0M100.2M99.0M117.4M135.0M86.3M
Short Long Term Debt1.3B1.2B856.2M1.8B2.0B1.1B
Total Current Assets3.3B3.7B4.8B6.4B7.8B4.2B
Non Current Assets Total17.8B21.2B24.4B26.9B28.0B21.4B
Non Currrent Assets Other265.6M180.3M7.8B8.4B8.0B8.4B
Non Current Liabilities Total7.2B9.0B11.2B11.8B13.0B9.4B
Non Current Liabilities Other4.5B5.5B109.1M34.1M35.7M34.0M
Net Debt5.8B7.2B8.6B10.3B11.3B7.7B
Net Invested Capital13.4B15.8B19.8B22.2B24.9B18.2B
Net Working Capital(3.4B)(4.1B)(2.7B)(3.4B)(2.1B)(2.2B)

Currently Active Assets on Macroaxis

Other Information on Investing in Grandblue Stock

Balance Sheet is a snapshot of the financial position of Grandblue Environment at a specified time, usually calculated after every quarter, six months, or one year. Grandblue Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Grandblue Environment 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 Grandblue currently owns. An asset can also be divided into two categories, current and non-current.