Atlas Inventory Turnover vs Average Payables Analysis

AEP Stock

CAD 1.16 0.01 0.85%

Atlas Engineered financial indicator trend analysis is way more than just evaluating Atlas Engineered Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Engineered Products is a good investment. Please check the relationship between Atlas Engineered Inventory Turnover and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Engineered 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 board of governors.

Inventory Turnover vs Average Payables

Inventory Turnover vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlas Engineered Products Inventory Turnover account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Atlas Engineered's Inventory Turnover and Average Payables is -0.23. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Average Payables in the same time period over historical financial statements of Atlas Engineered Products, assuming nothing else is changed. The correlation between historical values of Atlas Engineered's Inventory Turnover and Average Payables 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 Turnover of Atlas Engineered Products are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Inventory Turnover i.e., Atlas Engineered's Inventory Turnover and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from Atlas Engineered's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Engineered 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 Atlas Engineered 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 board of governors.

At this time, Atlas Engineered's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 3.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	424.0K	673.9K	775.0K	813.7K
Depreciation And Amortization	2.7M	3.2M	3.7M	3.9M

Interest Expense Depreciation And Amortization

Atlas Engineered 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	Retained Earnings	Accounts Payable	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	Common Stock	Intangible Assets	Short Term Investments
Total Assets		0.97	0.97	0.72	0.98	0.95	0.87	-0.02	0.9	0.3	0.93	0.97	0.9	0.93	0.95	0.95	0.98	0.99	0.66	-0.53	0.97	0.98	0.44	0.01	0.83	-0.68
Short Long Term Debt Total	0.97		0.92	0.83	0.92	0.97	0.8	0.2	0.89	0.43	0.83	0.99	0.87	0.83	0.92	0.91	0.94	0.93	0.64	-0.57	1.0	0.9	0.61	-0.12	0.89	-0.62
Other Current Liab	0.97	0.92		0.69	0.97	0.9	0.9	-0.11	0.86	0.26	0.93	0.92	0.88	0.93	0.94	0.95	0.95	0.98	0.63	-0.47	0.94	0.97	0.39	0.1	0.79	-0.65
Total Current Liabilities	0.72	0.83	0.69		0.6	0.76	0.6	0.57	0.63	0.78	0.47	0.83	0.64	0.46	0.75	0.74	0.61	0.67	0.54	-0.53	0.85	0.59	0.93	-0.17	0.9	-0.31
Total Stockholder Equity	0.98	0.92	0.97	0.6		0.91	0.88	-0.18	0.88	0.16	0.97	0.92	0.88	0.97	0.92	0.92	0.98	0.99	0.65	-0.48	0.92	1.0	0.28	0.08	0.74	-0.71
Property Plant And Equipment Net	0.95	0.97	0.9	0.76	0.91		0.84	0.16	0.87	0.34	0.83	0.97	0.86	0.83	0.9	0.9	0.94	0.92	0.64	-0.66	0.96	0.89	0.52	-0.15	0.85	-0.62
Current Deferred Revenue	0.87	0.8	0.9	0.6	0.88	0.84		-0.15	0.71	0.23	0.84	0.81	0.82	0.84	0.89	0.9	0.83	0.9	0.75	-0.65	0.82	0.89	0.31	0.13	0.71	-0.56
Net Debt	-0.02	0.2	-0.11	0.57	-0.18	0.16	-0.15		0.05	0.78	-0.37	0.21	0.06	-0.37	0.09	0.07	-0.09	-0.12	0.03	-0.28	0.21	-0.22	0.76	-0.49	0.44	0.3
Retained Earnings	0.9	0.89	0.86	0.63	0.88	0.87	0.71	0.05		0.28	0.82	0.88	0.78	0.82	0.85	0.83	0.9	0.88	0.51	-0.48	0.88	0.87	0.39	-0.34	0.71	-0.54
Accounts Payable	0.3	0.43	0.26	0.78	0.16	0.34	0.23	0.78	0.28		-0.04	0.45	0.29	-0.04	0.48	0.43	0.18	0.25	0.21	-0.35	0.47	0.14	0.8	-0.2	0.68	0.11
Cash	0.93	0.83	0.93	0.47	0.97	0.83	0.84	-0.37	0.82	-0.04		0.83	0.79	1.0	0.82	0.82	0.94	0.95	0.59	-0.38	0.83	0.98	0.15	0.16	0.59	-0.76
Non Current Assets Total	0.97	0.99	0.92	0.83	0.92	0.97	0.81	0.21	0.88	0.45	0.83		0.89	0.82	0.94	0.94	0.94	0.94	0.64	-0.57	1.0	0.9	0.59	-0.09	0.91	-0.6
Non Currrent Assets Other	0.9	0.87	0.88	0.64	0.88	0.86	0.82	0.06	0.78	0.29	0.79	0.89		0.79	0.91	0.95	0.89	0.89	0.74	-0.5	0.88	0.87	0.37	0.07	0.8	-0.54
Cash And Short Term Investments	0.93	0.83	0.93	0.46	0.97	0.83	0.84	-0.37	0.82	-0.04	1.0	0.82	0.79		0.82	0.82	0.94	0.95	0.59	-0.38	0.83	0.98	0.15	0.16	0.59	-0.76
Net Receivables	0.95	0.92	0.94	0.75	0.92	0.9	0.89	0.09	0.85	0.48	0.82	0.94	0.91	0.82		0.99	0.91	0.95	0.66	-0.57	0.94	0.92	0.46	0.01	0.87	-0.54
Common Stock Shares Outstanding	0.95	0.91	0.95	0.74	0.92	0.9	0.9	0.07	0.83	0.43	0.82	0.94	0.95	0.82	0.99		0.91	0.94	0.69	-0.56	0.94	0.92	0.45	0.06	0.87	-0.54
Non Current Liabilities Total	0.98	0.94	0.95	0.61	0.98	0.94	0.83	-0.09	0.9	0.18	0.94	0.94	0.89	0.94	0.91	0.91		0.97	0.6	-0.48	0.93	0.97	0.31	0.02	0.77	-0.71
Inventory	0.99	0.93	0.98	0.67	0.99	0.92	0.9	-0.12	0.88	0.25	0.95	0.94	0.89	0.95	0.95	0.94	0.97		0.69	-0.51	0.94	0.99	0.36	0.07	0.77	-0.7
Other Current Assets	0.66	0.64	0.63	0.54	0.65	0.64	0.75	0.03	0.51	0.21	0.59	0.64	0.74	0.59	0.66	0.69	0.6	0.69		-0.46	0.65	0.65	0.38	0.07	0.57	-0.44
Other Stockholder Equity	-0.53	-0.57	-0.47	-0.53	-0.48	-0.66	-0.65	-0.28	-0.48	-0.35	-0.38	-0.57	-0.5	-0.38	-0.57	-0.56	-0.48	-0.51	-0.46		-0.57	-0.47	-0.42	0.32	-0.53	0.22
Total Liab	0.97	1.0	0.94	0.85	0.92	0.96	0.82	0.21	0.88	0.47	0.83	1.0	0.88	0.83	0.94	0.94	0.93	0.94	0.65	-0.57		0.91	0.62	-0.08	0.91	-0.6
Total Current Assets	0.98	0.9	0.97	0.59	1.0	0.89	0.89	-0.22	0.87	0.14	0.98	0.9	0.87	0.98	0.92	0.92	0.97	0.99	0.65	-0.47	0.91		0.28	0.11	0.72	-0.72
Short Term Debt	0.44	0.61	0.39	0.93	0.28	0.52	0.31	0.76	0.39	0.8	0.15	0.59	0.37	0.15	0.46	0.45	0.31	0.36	0.38	-0.42	0.62	0.28		-0.27	0.74	-0.06
Common Stock	0.01	-0.12	0.1	-0.17	0.08	-0.15	0.13	-0.49	-0.34	-0.2	0.16	-0.09	0.07	0.16	0.01	0.06	0.02	0.07	0.07	0.32	-0.08	0.11	-0.27		0.01	-0.07
Intangible Assets	0.83	0.89	0.79	0.9	0.74	0.85	0.71	0.44	0.71	0.68	0.59	0.91	0.8	0.59	0.87	0.87	0.77	0.77	0.57	-0.53	0.91	0.72	0.74	0.01		-0.28
Short Term Investments	-0.68	-0.62	-0.65	-0.31	-0.71	-0.62	-0.56	0.3	-0.54	0.11	-0.76	-0.6	-0.54	-0.76	-0.54	-0.54	-0.71	-0.7	-0.44	0.22	-0.6	-0.72	-0.06	-0.07	-0.28

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Atlas Engineered Account Relationship Matchups

Atlas Engineered fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	26.8M	27.1M	35.8M	50.5M	58.1M	61.0M
Short Long Term Debt Total	13.1M	9.2M	9.4M	15.2M	17.5M	18.4M
Other Current Liab	1.7M	1.3M	3.1M	3.2M	3.7M	3.8M
Total Current Liabilities	12.3M	5.3M	6.8M	6.9M	7.9M	8.3M
Total Stockholder Equity	8.2M	12.9M	19.8M	28.9M	33.2M	34.9M
Property Plant And Equipment Net	9.6M	8.1M	8.5M	11.9M	13.7M	14.4M
Current Deferred Revenue	94.5K	148.5K	411.1K	375.6K	432.0K	453.6K
Net Debt	11.6M	7.4M	442.8K	(872.9K)	(785.6K)	(746.3K)
Retained Earnings	(8.0M)	(7.7M)	(778.1K)	8.1M	7.2M	7.6M
Accounts Payable	1.7M	1.9M	1.3M	573.3K	659.2K	655.3K
Cash	1.6M	1.8M	8.9M	16.1M	18.5M	19.5M
Non Current Assets Total	19.5M	17.3M	16.5M	23.6M	27.1M	28.5M
Cash And Short Term Investments	1.6M	1.8M	8.9M	16.1M	18.5M	19.5M
Net Receivables	3.4M	5.4M	6.7M	5.8M	6.7M	7.0M
Common Stock Shares Outstanding	45.9M	56.5M	77.1M	63.1M	72.6M	76.2M
Liabilities And Stockholders Equity	26.8M	27.1M	35.8M	50.5M	58.1M	61.0M
Non Current Liabilities Total	6.2M	8.9M	9.2M	14.8M	17.0M	17.8M
Inventory	1.9M	2.3M	3.4M	4.6M	5.3M	5.5M
Other Current Assets	431.7K	284.7K	259.1K	362.7K	417.1K	438.0K
Other Stockholder Equity	1.3M	1.4M	1.5M	1.4M	1.3M	1.2M
Total Liab	18.5M	14.2M	16.0M	21.6M	24.9M	26.1M
Total Current Assets	7.2M	9.8M	19.3M	26.9M	30.9M	32.5M
Short Term Debt	8.8M	1.9M	1.9M	2.7M	3.1M	2.5M
Common Stock	14.8M	19.2M	19.1M	19.4M	22.3M	17.1M
Intangible Assets	5.2M	4.6M	3.9M	4.6M	5.3M	3.3M
Net Tangible Assets	(707.7K)	4.6M	12.1M	17.6M	20.2M	21.2M
Other Assets	979.0K	840.8K	289.4K	406.8K	366.1K	347.8K
Short Long Term Debt	7.7M	1.0M	952.0K	1.8M	2.1M	2.9M
Property Plant Equipment	9.6M	8.1M	8.5M	11.9M	13.7M	7.3M
Capital Lease Obligations	3.4M	2.2M	2.4M	1.8M	1.6M	2.1M
Net Invested Capital	18.0M	19.9M	26.8M	42.4M	48.7M	51.1M
Net Working Capital	(5.1M)	4.5M	12.5M	20.0M	23.0M	24.2M
Other Liab	1.9M	1.6M	1.7M	2.2M	2.6M	2.1M
Capital Stock	14.8M	19.2M	19.1M	19.4M	22.3M	19.1M
Non Current Liabilities Other	134.7K	100.3K	65.9K	31.5K	28.4K	26.9K

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