Aston Retained Earnings vs Accounts Payable Analysis

BAY Stock  CAD 0.07  0.01  7.14%   
Aston Bay financial indicator trend analysis is way more than just evaluating Aston Bay Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aston Bay Holdings is a good investment. Please check the relationship between Aston Bay Retained Earnings and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aston Bay Holdings. 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.

Retained Earnings vs Accounts Payable

Retained Earnings vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aston Bay Holdings Retained Earnings account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aston Bay's Retained Earnings and Accounts Payable is -0.26. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Aston Bay Holdings, assuming nothing else is changed. The correlation between historical values of Aston Bay's Retained Earnings and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Aston Bay Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Retained Earnings i.e., Aston Bay's Retained Earnings and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Accounts Payable

An accounting item on the balance sheet that represents Aston Bay 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 Aston Bay Holdings 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.
Most indicators from Aston Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aston Bay Holdings 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 Aston Bay Holdings. 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, Aston Bay's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.6 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (9.66) in 2024.
 2023 2024 (projected)
Reconciled Depreciation83.3K91.7K
Interest Income15.314.54

Aston Bay fundamental ratios Correlations

-0.290.99-0.870.390.840.84-0.17-0.290.88-0.050.72-0.24-0.340.970.31-0.120.970.050.36-0.510.680.520.370.5-0.37
-0.29-0.440.41-0.66-0.22-0.220.551.0-0.220.61-0.20.720.37-0.37-0.250.7-0.370.150.050.76-0.51-0.42-0.81-0.750.61
0.99-0.44-0.890.490.820.82-0.26-0.440.86-0.150.71-0.35-0.380.970.35-0.230.970.010.32-0.620.720.560.490.6-0.46
-0.870.41-0.89-0.31-0.97-0.970.080.41-0.960.01-0.590.210.25-0.78-0.20.22-0.78-0.12-0.10.44-0.7-0.52-0.41-0.420.32
0.39-0.660.49-0.310.130.13-0.93-0.660.13-0.890.19-0.94-0.410.560.64-0.260.56-0.43-0.07-0.960.360.250.780.97-0.84
0.84-0.220.82-0.970.131.00.12-0.220.990.150.57-0.02-0.170.710.06-0.090.710.210.12-0.250.590.430.190.24-0.12
0.84-0.220.82-0.970.131.00.12-0.220.990.150.57-0.02-0.170.710.06-0.090.710.210.12-0.250.590.430.190.24-0.12
-0.170.55-0.260.08-0.930.120.120.550.110.83-0.070.850.35-0.36-0.780.22-0.360.460.170.86-0.28-0.21-0.75-0.830.89
-0.291.0-0.440.41-0.66-0.22-0.220.55-0.220.61-0.20.720.37-0.37-0.250.7-0.370.150.050.76-0.51-0.42-0.81-0.750.61
0.88-0.220.86-0.960.130.990.990.11-0.220.160.68-0.02-0.230.760.07-0.080.760.240.15-0.260.630.460.20.26-0.13
-0.050.61-0.150.01-0.890.150.150.830.610.160.090.970.32-0.23-0.390.21-0.230.490.190.8-0.06-0.01-0.62-0.850.65
0.72-0.20.71-0.590.190.570.57-0.07-0.20.680.09-0.06-0.430.670.25-0.030.670.22-0.03-0.290.560.450.240.27-0.26
-0.240.72-0.350.21-0.94-0.02-0.020.850.72-0.020.97-0.060.39-0.41-0.470.3-0.410.420.110.89-0.27-0.19-0.76-0.920.76
-0.340.37-0.380.25-0.41-0.17-0.170.350.37-0.230.32-0.430.39-0.38-0.26-0.3-0.38-0.01-0.040.38-0.43-0.4-0.48-0.420.44
0.97-0.370.97-0.780.560.710.71-0.36-0.370.76-0.230.67-0.41-0.380.43-0.141.0-0.040.4-0.660.650.50.470.65-0.5
0.31-0.250.35-0.20.640.060.06-0.78-0.250.07-0.390.25-0.47-0.260.43-0.140.43-0.22-0.18-0.610.430.340.580.49-0.89
-0.120.7-0.230.22-0.26-0.09-0.090.220.7-0.080.21-0.030.3-0.3-0.14-0.14-0.140.150.020.41-0.31-0.25-0.44-0.340.33
0.97-0.370.97-0.780.560.710.71-0.36-0.370.76-0.230.67-0.41-0.381.00.43-0.14-0.040.4-0.660.650.50.470.65-0.5
0.050.150.01-0.12-0.430.210.210.460.150.240.490.220.42-0.01-0.04-0.220.15-0.040.250.360.080.09-0.3-0.410.31
0.360.050.32-0.1-0.070.120.120.170.050.150.19-0.030.11-0.040.4-0.180.020.40.25-0.010.180.23-0.040.020.15
-0.510.76-0.620.44-0.96-0.25-0.250.860.76-0.260.8-0.290.890.38-0.66-0.610.41-0.660.36-0.01-0.47-0.33-0.81-0.980.82
0.68-0.510.72-0.70.360.590.59-0.28-0.510.63-0.060.56-0.27-0.430.650.43-0.310.650.080.18-0.470.970.610.42-0.6
0.52-0.420.56-0.520.250.430.43-0.21-0.420.46-0.010.45-0.19-0.40.50.34-0.250.50.090.23-0.330.970.530.3-0.51
0.37-0.810.49-0.410.780.190.19-0.75-0.810.2-0.620.24-0.76-0.480.470.58-0.440.47-0.3-0.04-0.810.610.530.8-0.84
0.5-0.750.6-0.420.970.240.24-0.83-0.750.26-0.850.27-0.92-0.420.650.49-0.340.65-0.410.02-0.980.420.30.8-0.75
-0.370.61-0.460.32-0.84-0.12-0.120.890.61-0.130.65-0.260.760.44-0.5-0.890.33-0.50.310.150.82-0.6-0.51-0.84-0.75
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Aston Bay Account Relationship Matchups

Aston Bay fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets536.9K220.0K266.1K203.7K665.2K632.0K
Total Current Liabilities345.1K705.6K1.6M2.3M1.1M630.9K
Total Stockholder Equity191.7K(485.6K)(1.3M)(2.1M)(393.4K)(373.8K)
Net Debt(315.7K)285.3K459.4K712.1K(20.7K)(21.7K)
Retained Earnings(21.7M)(23.1M)(24.9M)(25.6M)(28.9M)(27.4M)
Cash315.7K19.2K56.4K3.8K552.9K548.8K
Cash And Short Term Investments315.7K19.2K56.4K3.8K552.9K548.8K
Liabilities And Stockholders Equity536.9K220.0K266.1K203.7K665.2K632.0K
Other Stockholder Equity3.5M3.8M4.0M4.0M6.2M6.5M
Total Liab345.1K705.6K1.6M2.3M1.1M630.9K
Total Current Assets370.2K53.3K99.4K120.4K665.2K714.0K
Common Stock18.4M18.9M19.5M19.6M22.3M12.2M
Net Receivables32.4K9.7K12.0K98.7K17.2K16.3K
Common Stock Shares Outstanding133.1M162.2M167.6M178.4M201.0M100.6M
Other Current Liab344.8K401.1K1.1M79.2K526.4K359.2K
Accounts Payable295.8361.05661.011.5M413.9K258.5K
Other Current Assets22.0K24.4K31.0K17.9K95.1K49.8K
Accumulated Other Comprehensive Income(15.7K)(5.0K)(3.9K)(64.3K)(75.9K)(72.1K)
Net Tangible Assets191.7K(485.6K)(1.3M)(2.1M)(1.9M)(1.8M)
Property Plant Equipment7.6M12.7M166.7K83.3K75.0K71.3K
Net Invested Capital13.7M(181.1K)(805.5K)(1.3M)251.3K238.8K
Net Working Capital25.1K(652.3K)(1.5M)(2.1M)(393.4K)(373.8K)
Capital Stock18.4M18.9M19.5M19.6M22.3M21.2M

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