Commerce Average Payables vs Ptb Ratio Analysis

CCE Stock

CAD 0.07 0.01 7.14%

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

Average Payables vs Ptb Ratio

Average Payables vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commerce Resources Corp Average Payables account and Ptb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Commerce Resources' Average Payables and Ptb Ratio is -0.54. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Commerce Resources Corp, assuming nothing else is changed. The correlation between historical values of Commerce Resources' Average Payables and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Commerce Resources Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Average Payables i.e., Commerce Resources' Average Payables and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Commerce Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commerce Resources Corp 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 Commerce Resources Corp. 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.

Selling General Administrative is likely to drop to about 1.3 M in 2025. Tax Provision is likely to climb to about (389.5 K) in 2025

Commerce Resources 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Net Tangible Assets	Other Assets	Long Term Investments
Total Assets		0.49	0.09	0.3	1.0	0.53	-0.22	-0.48	0.49	0.32	0.99	0.31	0.24	-0.09	0.15	-0.05	0.33	0.19	-0.88	0.0	0.1	0.1	0.49	0.54	-0.6	-0.4
Short Long Term Debt Total	0.49		0.33	0.32	0.48	0.64	0.36	0.05	0.24	-0.27	0.49	-0.29	-0.22	0.21	-0.34	0.28	0.3	0.01	-0.62	0.15	0.45	0.08	-0.02	-0.28	-0.07	0.01
Other Current Liab	0.09	0.33		0.62	0.07	0.1	0.48	0.34	0.16	-0.43	0.13	0.02	-0.2	0.07	-0.52	0.28	0.6	-0.18	-0.13	0.28	0.69	0.32	-0.52	-0.44	0.17	0.29
Total Current Liabilities	0.3	0.32	0.62		0.27	0.6	0.19	-0.28	0.84	-0.34	0.34	-0.37	-0.24	-0.05	0.05	0.13	1.0	-0.27	-0.43	-0.05	0.59	-0.03	-0.14	0.11	-0.35	-0.1
Total Stockholder Equity	1.0	0.48	0.07	0.27		0.51	-0.23	-0.48	0.46	0.34	0.99	0.33	0.25	-0.08	0.14	-0.06	0.29	0.21	-0.87	0.0	0.08	0.1	0.5	0.54	-0.59	-0.4
Property Plant And Equipment Net	0.53	0.64	0.1	0.6	0.51		0.22	-0.29	0.72	-0.31	0.56	-0.63	-0.18	-0.03	-0.03	0.04	0.59	-0.16	-0.61	0.04	0.38	0.1	0.25	0.18	-0.37	-0.24
Net Debt	-0.22	0.36	0.48	0.19	-0.23	0.22		0.77	-0.03	-0.93	-0.13	-0.35	-0.77	0.23	-0.88	0.31	0.16	-0.56	0.27	0.0	0.68	0.63	-0.56	-0.74	0.35	0.24
Retained Earnings	-0.48	0.05	0.34	-0.28	-0.48	-0.29	0.77		-0.54	-0.6	-0.43	-0.04	-0.52	0.25	-0.88	0.3	-0.31	-0.29	0.62	0.08	0.31	0.54	-0.44	-0.8	0.62	0.43
Accounts Payable	0.49	0.24	0.16	0.84	0.46	0.72	-0.03	-0.54		-0.14	0.52	-0.35	-0.22	-0.1	0.31	0.0	0.86	-0.26	-0.53	-0.34	0.37	-0.09	0.24	0.46	-0.66	-0.4
Cash	0.32	-0.27	-0.43	-0.34	0.34	-0.31	-0.93	-0.6	-0.14		0.23	0.55	0.79	-0.22	0.68	-0.29	-0.31	0.6	-0.26	0.02	-0.69	-0.42	0.65	0.67	-0.32	-0.22
Non Current Assets Total	0.99	0.49	0.13	0.34	0.99	0.56	-0.13	-0.43	0.52	0.23		0.29	0.13	-0.15	0.08	-0.1	0.36	0.06	-0.84	-0.06	0.2	0.16	0.45	0.52	-0.65	-0.43
Non Currrent Assets Other	0.31	-0.29	0.02	-0.37	0.33	-0.63	-0.35	-0.04	-0.35	0.55	0.29		0.31	-0.1	0.07	-0.14	-0.34	0.22	-0.06	-0.1	-0.23	0.09	0.13	0.26	-0.16	-0.13
Cash And Short Term Investments	0.24	-0.22	-0.2	-0.24	0.25	-0.18	-0.77	-0.52	-0.22	0.79	0.13	0.31		-0.21	0.54	-0.23	-0.22	0.75	-0.27	0.6	-0.63	-0.31	0.4	0.5	0.0	0.07
Net Receivables	-0.09	0.21	0.07	-0.05	-0.08	-0.03	0.23	0.25	-0.1	-0.22	-0.15	-0.1	-0.21		-0.26	0.92	-0.06	0.48	-0.09	-0.04	-0.11	0.14	-0.18	-0.46	0.55	0.32
Common Stock Shares Outstanding	0.15	-0.34	-0.52	0.05	0.14	-0.03	-0.88	-0.88	0.31	0.68	0.08	0.07	0.54	-0.26		-0.35	0.09	0.33	-0.28	-0.12	-0.57	-0.76	0.44	0.78	-0.45	-0.32
Other Stockholder Equity	-0.05	0.28	0.28	0.13	-0.06	0.04	0.31	0.3	0.0	-0.29	-0.1	-0.14	-0.23	0.92	-0.35		0.11	0.41	-0.1	0.03	0.08	0.2	-0.23	-0.48	0.45	0.28
Total Liab	0.33	0.3	0.6	1.0	0.29	0.59	0.16	-0.31	0.86	-0.31	0.36	-0.34	-0.22	-0.06	0.09	0.11		-0.26	-0.44	-0.06	0.56	-0.04	-0.11	0.15	-0.38	-0.12
Total Current Assets	0.19	0.01	-0.18	-0.27	0.21	-0.16	-0.56	-0.29	-0.26	0.6	0.06	0.22	0.75	0.48	0.33	0.41	-0.26		-0.32	0.46	-0.67	-0.23	0.33	0.16	0.33	0.25
Short Term Debt	-0.88	-0.62	-0.13	-0.43	-0.87	-0.61	0.27	0.62	-0.53	-0.26	-0.84	-0.06	-0.27	-0.09	-0.28	-0.1	-0.44	-0.32		-0.1	-0.12	0.15	-0.27	-0.4	0.44	0.26
Short Term Investments	0.0	0.15	0.28	-0.05	0.0	0.04	0.0	0.08	-0.34	0.02	-0.06	-0.1	0.6	-0.04	-0.12	0.03	-0.06	0.46	-0.1		-0.12	0.03	-0.18	-0.15	0.47	0.46
Non Current Liabilities Total	0.1	0.45	0.69	0.59	0.08	0.38	0.68	0.31	0.37	-0.69	0.2	-0.23	-0.63	-0.11	-0.57	0.08	0.56	-0.67	-0.12	-0.12		0.35	-0.56	-0.42	-0.16	-0.04
Inventory	0.1	0.08	0.32	-0.03	0.1	0.1	0.63	0.54	-0.09	-0.42	0.16	0.09	-0.31	0.14	-0.76	0.2	-0.04	-0.23	0.15	0.03	0.35		-0.1	-0.38	0.18	0.1
Other Current Assets	0.49	-0.02	-0.52	-0.14	0.5	0.25	-0.56	-0.44	0.24	0.65	0.45	0.13	0.4	-0.18	0.44	-0.23	-0.11	0.33	-0.27	-0.18	-0.56	-0.1		0.72	-0.48	-0.35
Net Tangible Assets	0.54	-0.28	-0.44	0.11	0.54	0.18	-0.74	-0.8	0.46	0.67	0.52	0.26	0.5	-0.46	0.78	-0.48	0.15	0.16	-0.4	-0.15	-0.42	-0.38	0.72		-0.75	-0.55
Other Assets	-0.6	-0.07	0.17	-0.35	-0.59	-0.37	0.35	0.62	-0.66	-0.32	-0.65	-0.16	0.0	0.55	-0.45	0.45	-0.38	0.33	0.44	0.47	-0.16	0.18	-0.48	-0.75		0.78
Long Term Investments	-0.4	0.01	0.29	-0.1	-0.4	-0.24	0.24	0.43	-0.4	-0.22	-0.43	-0.13	0.07	0.32	-0.32	0.28	-0.12	0.25	0.26	0.46	-0.04	0.1	-0.35	-0.55	0.78

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Commerce Resources Account Relationship Matchups

Commerce Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	71.2M	73.2M	77.3M	54.7M	63.0M	48.2M
Other Current Liab	64.8K	27.9K	425.0K	53.4K	48.0K	45.6K
Total Current Liabilities	982.5K	1.5M	476.4K	1.6M	1.8M	1.2M
Total Stockholder Equity	70.2M	71.6M	76.7M	53.1M	61.1M	47.0M
Property Plant And Equipment Net	66.4M	71.3M	380.4K	50.7M	58.3M	36.8M
Net Debt	(1.1M)	(3.3M)	(364.8K)	(3.8M)	(4.4M)	(4.6M)
Retained Earnings	(35.5M)	(36.2M)	(37.9M)	(66.6M)	(59.9M)	(56.9M)
Accounts Payable	917.7K	1.3M	368.6K	1.3M	1.4M	805.1K
Cash	3.3M	513.8K	4.0M	2.5M	2.2M	3.0M
Non Current Assets Total	66.5M	71.4M	72.8M	50.8M	58.4M	42.4M
Cash And Short Term Investments	1.1M	3.3M	545.8K	4.0M	3.6M	3.3M
Net Receivables	36.2K	307.1K	567.3K	35.5K	32.0K	30.4K
Common Stock Shares Outstanding	75.0M	90.4M	98.9M	212.0M	243.8M	256.0M
Liabilities And Stockholders Equity	63.8M	71.2M	73.2M	77.3M	88.9M	47.7M
Other Stockholder Equity	9.6M	231.4K	10.1M	89.5K	80.5K	76.5K
Total Liab	982.5K	1.6M	571.0K	1.6M	1.9M	1.3M
Total Current Assets	4.7M	1.8M	4.5M	4.0M	3.6M	4.3M
Short Term Investments	52.9K	32.0K	28.6K	326.3K	375.3K	387.9K
Non Current Liabilities Total	0.0	121.8K	94.6K	56.6K	50.9K	48.4K
Accumulated Other Comprehensive Income	9.6M	10.1M	10.4M	11.0M	12.7M	13.3M
Other Current Assets	272.6K	1.1M	708.2K	432.3K	497.2K	310.4K
Net Tangible Assets	61.9M	62.7M	70.2M	71.6M	82.3M	67.1M
Common Stock	87.9M	95.6M	97.3M	103.6M	119.1M	94.3M
Property Plant Equipment	61.8M	62.4M	66.4M	71.3M	82.0M	66.3M
Net Invested Capital	70.2M	71.6M	76.7M	53.1M	61.1M	71.1M
Net Working Capital	3.7M	346.3K	4.0M	2.4M	2.8M	2.9M
Capital Stock	95.6M	97.3M	103.6M	108.4M	124.7M	104.2M
Property Plant And Equipment Gross	67.1M	72.0M	73.2M	50.9M	45.8M	52.2M

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