Celanese Other Operating Expenses vs Net Income From Continuing Ops Analysis
| CE Stock | USD 73.21 0.30 0.41% |
Celanese financial indicator trend analysis is way more than just evaluating Celanese prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celanese is a good investment. Please check the relationship between Celanese Other Operating Expenses and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.
Other Operating Expenses vs Net Income From Continuing Ops
Other Operating Expenses vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celanese Other Operating Expenses account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between Celanese's Other Operating Expenses and Net Income From Continuing Ops is 0.63. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Celanese, assuming nothing else is changed. The correlation between historical values of Celanese's Other Operating Expenses and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Celanese are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Other Operating Expenses i.e., Celanese's Other Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Celanese. It is also known as Celanese overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income From Continuing Ops
Most indicators from Celanese's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celanese 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 Celanese. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.The current year's Enterprise Value is expected to grow to about 30.7 B, whereas Selling General Administrative is forecasted to decline to about 607.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 2.4B | 2.6B | 1.7B | Total Revenue | 8.5B | 9.7B | 10.9B | 6.9B |
Celanese fundamental ratios Correlations
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Celanese Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celanese fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
| Total Stockholder Equity | 2.5B | 3.5B | 4.2B | 5.6B | 7.1B | 7.4B | |
| Other Assets | 434M | 1.2B | 769M | 1.4B | 1.2B | 974.8M | |
| Common Stock Shares Outstanding | 124.7M | 118.5M | 112.1M | 109.2M | 109.4M | 145.0M | |
| Liabilities And Stockholders Equity | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
| Other Stockholder Equity | (3.6B) | (4.2B) | (5.2B) | (5.1B) | (5.1B) | (4.8B) | |
| Total Liab | 6.6B | 7.0B | 7.4B | 20.2B | 19.0B | 20.0B | |
| Short Long Term Debt Total | 4.1B | 3.9B | 4.2B | 15.0B | 14.1B | 14.8B | |
| Other Current Liab | 461M | 504M | 436M | 1.1B | 1.0B | 591.1M | |
| Total Current Liabilities | 1.8B | 2.0B | 2.5B | 4.1B | 4.1B | 2.1B | |
| Other Liab | 1.2B | 1.6B | 1.6B | 2.4B | 2.1B | 1.5B | |
| Property Plant And Equipment Net | 3.9B | 4.2B | 4.4B | 6.0B | 6.0B | 3.7B | |
| Current Deferred Revenue | 78M | 17M | 81M | 808M | 25M | 23.8M | |
| Net Debt | 3.6B | 3.0B | 3.6B | 13.5B | 12.3B | 12.9B | |
| Retained Earnings | 6.4B | 8.1B | 9.7B | 11.3B | 12.9B | 13.6B | |
| Accounts Payable | 780M | 797M | 1.2B | 1.5B | 1.5B | 895.1M | |
| Cash | 463M | 955M | 536M | 1.5B | 1.8B | 1.9B | |
| Non Current Assets Total | 6.7B | 7.1B | 8.2B | 19.7B | 20.4B | 21.4B | |
| Long Term Debt | 3.4B | 3.2B | 3.2B | 13.4B | 12.3B | 12.9B | |
| Cash And Short Term Investments | 503M | 1.5B | 546M | 1.5B | 1.8B | 939.6M | |
| Net Receivables | 1.2B | 1.2B | 1.7B | 2.1B | 1.8B | 1.4B | |
| Good Will | 1.1B | 1.2B | 1.4B | 7.1B | 7.0B | 7.3B | |
| Non Current Liabilities Total | 4.8B | 5.0B | 4.9B | 16.1B | 15.0B | 15.7B | |
| Inventory | 1.0B | 978M | 1.5B | 2.8B | 2.4B | 2.5B | |
| Other Current Assets | 43M | 55M | 70M | 241M | 272M | 285.6M | |
| Property Plant And Equipment Gross | 3.9B | 4.2B | 4.2B | 5.6B | 10.1B | 10.6B | |
| Total Current Assets | 2.8B | 3.8B | 3.8B | 6.6B | 6.2B | 3.5B | |
| Accumulated Other Comprehensive Income | (300M) | (328M) | (329M) | (518M) | (744M) | (706.8M) | |
| Treasury Stock | (3.8B) | (4.5B) | (5.5B) | (5.5B) | (4.9B) | (4.7B) | |
| Short Term Debt | 496M | 532M | 828M | 1.4B | 1.5B | 1.6B | |
| Intangible Assets | 312M | 319M | 735M | 4.1B | 4.0B | 4.2B | |
| Common Stock | 16.9K | 16.9K | 17.0K | 17.0K | 15.3K | 14.5K | |
| Property Plant Equipment | 3.7B | 3.9B | 4.4B | 5.6B | 6.4B | 3.5B | |
| Short Term Investments | 31M | 40M | 533M | 10M | 11.5M | 10.9M | |
| Net Tangible Assets | 1.3B | 2.2B | 2.0B | 6.0B | 6.9B | 7.2B | |
| Noncontrolling Interest In Consolidated Entity | 391M | 369M | 348M | 468M | 538.2M | 277.1M | |
| Retained Earnings Total Equity | 6.4B | 8.1B | 9.7B | 11.3B | 13.0B | 13.6B | |
| Long Term Debt Total | 3.4B | 3.2B | 3.2B | 13.4B | 15.4B | 16.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celanese. If investors know Celanese will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celanese listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Dividend Share 2.8 | Earnings Share 10.04 | Revenue Per Share 95.989 | Quarterly Revenue Growth (0.03) |
The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celanese's market value can be influenced by many factors that don't directly affect Celanese's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.