Forafric Net Receivables vs Common Stock Analysis

AFRIW Stock

USD 1.09 0.06 5.22%

Forafric Global financial indicator trend analysis is much more than just examining Forafric Global PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forafric Global PLC is a good investment. Please check the relationship between Forafric Global Net Receivables and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forafric Global PLC Net Receivables account and Common Stock. At this time, the significance of the direction appears to have very week relationship.

The correlation between Forafric Global's Net Receivables and Common Stock is 0.26. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Forafric Global PLC, assuming nothing else is changed. The correlation between historical values of Forafric Global's Net Receivables and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Forafric Global PLC are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Forafric Global's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Receivables

Common Stock

Most indicators from Forafric Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forafric Global PLC 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 Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Forafric Global's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 64.45 in 2024, despite the fact that Tax Provision is likely to grow to (100.7 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.2M	6.6M	6.1M	6.1M
Interest Income	543K	34K	37K	35.2K

Depreciation And Amortization Interest Income

Forafric Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.52	-0.63	0.98	0.87	0.91	-0.72	-0.88	0.88	0.93	0.94	0.85	-0.92	0.93	0.96	0.81	-0.2	-0.92	0.92	0.05	0.93	-0.3	0.98	0.99	0.97	0.29
Short Long Term Debt Total	-0.52		0.88	-0.48	-0.86	-0.43	0.89	0.27	-0.32	-0.48	-0.46	-0.27	0.8	-0.48	-0.5	-0.58	0.89	0.8	-0.71	0.66	-0.78	0.96	-0.52	-0.54	-0.38	-0.81
Other Current Liab	-0.63	0.88		-0.54	-0.87	-0.62	0.84	0.31	-0.37	-0.44	-0.64	-0.28	0.83	-0.44	-0.58	-0.81	0.86	0.79	-0.88	0.73	-0.78	0.82	-0.6	-0.61	-0.53	-0.92
Total Current Liabilities	0.98	-0.48	-0.54		0.84	0.89	-0.68	-0.9	0.93	0.98	0.91	0.88	-0.89	0.98	0.95	0.72	-0.11	-0.91	0.85	0.16	0.92	-0.25	0.97	0.99	0.97	0.19
Total Stockholder Equity	0.87	-0.86	-0.87	0.84		0.76	-0.92	-0.65	0.66	0.81	0.79	0.63	-0.99	0.81	0.86	0.8	-0.63	-0.99	0.94	-0.35	0.98	-0.72	0.87	0.88	0.77	0.64
Property Plant And Equipment Net	0.91	-0.43	-0.62	0.89	0.76		-0.66	-0.85	0.9	0.78	1.0	0.84	-0.83	0.78	0.76	0.89	-0.19	-0.8	0.88	-0.06	0.82	-0.19	0.82	0.87	0.91	0.3
Net Debt	-0.72	0.89	0.84	-0.68	-0.92	-0.66		0.62	-0.5	-0.66	-0.69	-0.61	0.92	-0.66	-0.67	-0.81	0.7	0.9	-0.82	0.46	-0.88	0.78	-0.7	-0.72	-0.55	-0.61
Retained Earnings	-0.88	0.27	0.31	-0.9	-0.65	-0.85	0.62		-0.88	-0.89	-0.86	-1.0	0.75	-0.89	-0.8	-0.7	-0.1	0.76	-0.67	-0.32	-0.76	0.03	-0.84	-0.87	-0.83	0.1
Accounts Payable	0.88	-0.32	-0.37	0.93	0.66	0.9	-0.5	-0.88		0.89	0.9	0.88	-0.74	0.89	0.77	0.63	0.05	-0.76	0.71	0.25	0.78	-0.04	0.83	0.89	0.93	0.04
Cash	0.93	-0.48	-0.44	0.98	0.81	0.78	-0.66	-0.89	0.89		0.81	0.88	-0.86	1.0	0.93	0.59	-0.06	-0.89	0.75	0.26	0.9	-0.26	0.95	0.97	0.9	0.09
Non Current Assets Total	0.94	-0.46	-0.64	0.91	0.79	1.0	-0.69	-0.86	0.9	0.81		0.85	-0.86	0.81	0.8	0.9	-0.21	-0.84	0.9	-0.06	0.85	-0.22	0.85	0.9	0.93	0.32
Non Currrent Assets Other	0.85	-0.27	-0.28	0.88	0.63	0.84	-0.61	-1.0	0.88	0.88	0.85		-0.73	0.88	0.76	0.67	0.11	-0.74	0.63	0.33	0.74	-0.02	0.8	0.84	0.81	-0.13
Other Assets	-0.92	0.8	0.83	-0.89	-0.99	-0.83	0.92	0.75	-0.74	-0.86	-0.86	-0.73		-0.86	-0.88	-0.84	0.54	0.99	-0.95	0.26	-0.99	0.63	-0.91	-0.92	-0.83	-0.55
Cash And Short Term Investments	0.93	-0.48	-0.44	0.98	0.81	0.78	-0.66	-0.89	0.89	1.0	0.81	0.88	-0.86		0.93	0.59	-0.06	-0.89	0.75	0.26	0.9	-0.26	0.95	0.97	0.9	0.09
Net Receivables	0.96	-0.5	-0.58	0.95	0.86	0.76	-0.67	-0.8	0.77	0.93	0.8	0.76	-0.88	0.93		0.68	-0.18	-0.9	0.86	0.12	0.91	-0.32	0.99	0.97	0.91	0.26
Good Will	0.81	-0.58	-0.81	0.72	0.8	0.89	-0.81	-0.7	0.63	0.59	0.9	0.67	-0.84	0.59	0.68		-0.48	-0.79	0.91	-0.39	0.78	-0.43	0.72	0.75	0.72	0.55
Common Stock Shares Outstanding	-0.2	0.89	0.86	-0.11	-0.63	-0.19	0.7	-0.1	0.05	-0.06	-0.21	0.11	0.54	-0.06	-0.18	-0.48		0.5	-0.54	0.92	-0.48	0.95	-0.19	-0.19	-0.06	-0.94
Non Current Liabilities Total	-0.92	0.8	0.79	-0.91	-0.99	-0.8	0.9	0.76	-0.76	-0.89	-0.84	-0.74	0.99	-0.89	-0.9	-0.79	0.5		-0.92	0.21	-1.0	0.63	-0.92	-0.94	-0.83	-0.51
Inventory	0.92	-0.71	-0.88	0.85	0.94	0.88	-0.82	-0.67	0.71	0.75	0.9	0.63	-0.95	0.75	0.86	0.91	-0.54	-0.92		-0.35	0.93	-0.55	0.88	0.89	0.86	0.64
Other Current Assets	0.05	0.66	0.73	0.16	-0.35	-0.06	0.46	-0.32	0.25	0.26	-0.06	0.33	0.26	0.26	0.12	-0.39	0.92	0.21	-0.35		-0.18	0.76	0.11	0.09	0.15	-0.9
Other Stockholder Equity	0.93	-0.78	-0.78	0.92	0.98	0.82	-0.88	-0.76	0.78	0.9	0.85	0.74	-0.99	0.9	0.91	0.78	-0.48	-1.0	0.93	-0.18		-0.6	0.93	0.95	0.86	0.5
Total Liab	-0.3	0.96	0.82	-0.25	-0.72	-0.19	0.78	0.03	-0.04	-0.26	-0.22	-0.02	0.63	-0.26	-0.32	-0.43	0.95	0.63	-0.55	0.76	-0.6		-0.32	-0.32	-0.14	-0.85
Total Current Assets	0.98	-0.52	-0.6	0.97	0.87	0.82	-0.7	-0.84	0.83	0.95	0.85	0.8	-0.91	0.95	0.99	0.72	-0.19	-0.92	0.88	0.11	0.93	-0.32		0.99	0.94	0.27
Short Term Debt	0.99	-0.54	-0.61	0.99	0.88	0.87	-0.72	-0.87	0.89	0.97	0.9	0.84	-0.92	0.97	0.97	0.75	-0.19	-0.94	0.89	0.09	0.95	-0.32	0.99		0.96	0.27
Intangible Assets	0.97	-0.38	-0.53	0.97	0.77	0.91	-0.55	-0.83	0.93	0.9	0.93	0.81	-0.83	0.9	0.91	0.72	-0.06	-0.83	0.86	0.15	0.86	-0.14	0.94	0.96		0.21
Common Stock	0.29	-0.81	-0.92	0.19	0.64	0.3	-0.61	0.1	0.04	0.09	0.32	-0.13	-0.55	0.09	0.26	0.55	-0.94	-0.51	0.64	-0.9	0.5	-0.85	0.27	0.27	0.21

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Forafric Global Account Relationship Matchups

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ESRT	Empire State Realty
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C	Citigroup

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Forafric Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

Forafric Global fundamental ratios Correlations

Forafric Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Other Assets
Total Current Assets	+ 0.99	Net Receivables

Other Stockholder Equity	- 1.0	Non Current Liabilities Total
Non Currrent Assets Other	- 1.0	Retained Earnings
Other Stockholder Equity	- 0.99	Other Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Other Assets	- 0.99	Total Stockholder Equity
Inventory	- 0.95	Other Assets