CMC Net Income Per Share vs Average Payables Analysis
CMB Stock | CAD 0.02 0.01 33.33% |
CMC Metals financial indicator trend analysis is way more than just evaluating CMC Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMC Metals is a good investment. Please check the relationship between CMC Metals Net Income Per Share and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMC Metals. 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.
Net Income Per Share vs Average Payables
Net Income Per Share vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMC Metals Net Income Per Share account and Average Payables. At this time, the significance of the direction appears to have weak relationship.
The correlation between CMC Metals' Net Income Per Share and Average Payables is 0.37. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of CMC Metals, assuming nothing else is changed. The correlation between historical values of CMC Metals' Net Income Per Share 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 Net Income Per Share of CMC Metals 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 Net Income Per Share i.e., CMC Metals' Net Income Per Share and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income Per Share
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 CMC Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMC Metals 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 CMC Metals. 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. Enterprise Value is likely to climb to about 12.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 511.5 K in 2024.
CMC Metals fundamental ratios Correlations
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CMC Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CMC Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 694.8K | 1.0M | 1.7M | 946.2K | 1.1M | 1.0M | |
Total Current Liabilities | 936.4K | 798.6K | 925.1K | 942.1K | 1.1M | 1.1M | |
Total Stockholder Equity | (262.7K) | (196.5K) | 178.2K | (603.5K) | (543.2K) | (516.0K) | |
Net Debt | (279.5K) | (499.5K) | (858.9K) | (127.5K) | (146.6K) | (139.3K) | |
Retained Earnings | (21.5M) | (24.6M) | (28.8M) | (32.3M) | (29.1M) | (27.6M) | |
Accounts Payable | 228.7K | 283.7K | 394.7K | 433.2K | 498.2K | 523.1K | |
Cash | 300.6K | 524.1K | 891.7K | 166.0K | 190.8K | 269.4K | |
Non Current Assets Total | 258.2K | 402.3K | 487.5K | 582.2K | 524.0K | 497.8K | |
Cash And Short Term Investments | 300.6K | 524.1K | 916.7K | 191.0K | 219.6K | 307.6K | |
Net Receivables | 105.4K | 62.3K | 229.4K | 42.5K | 48.9K | 46.2K | |
Common Stock Shares Outstanding | 51.1M | 80.4M | 110.5M | 137.3M | 157.8M | 165.7M | |
Liabilities And Stockholders Equity | 694.8K | 1.0M | 1.7M | 946.2K | 1.1M | 1.0M | |
Other Current Assets | 30.5K | 30.7K | 77.6K | 130.5K | 150.1K | 157.6K | |
Other Stockholder Equity | 613.9K | 958.3K | 2.3M | (42K) | (37.8K) | (35.9K) | |
Total Liab | 957.5K | 1.2M | 1.5M | 1.5M | 1.8M | 1.6M | |
Total Current Assets | 436.5K | 617.1K | 1.2M | 364.0K | 418.6K | 422.9K | |
Short Long Term Debt Total | 21.1K | 24.6K | 32.9K | 38.4K | 44.2K | 42.0K | |
Non Currrent Assets Other | 258.2K | 402.3K | 421.0K | (42K) | (48.3K) | (45.9K) | |
Non Current Liabilities Total | 21.1K | 417.4K | 608.0K | 607.7K | 546.9K | 444.4K | |
Other Current Liab | 707.7K | 514.9K | 530.3K | 508.9K | 585.2K | 369.3K | |
Accumulated Other Comprehensive Income | 613.9K | 958.3K | 2.3M | 3.1M | 3.6M | 3.8M | |
Common Stock | 20.7M | 23.4M | 26.7M | 28.7M | 33.0M | 21.6M | |
Net Tangible Assets | (1.4M) | (262.7K) | (196.5K) | 178.2K | 205.0K | 215.2K | |
Other Assets | 256.4K | 258.2K | 402.3K | 421.0K | 484.2K | 317.2K | |
Net Invested Capital | (241.6K) | (171.8K) | 211.1K | (565.1K) | (649.9K) | (682.4K) | |
Net Working Capital | (499.9K) | (181.4K) | 298.7K | (578.1K) | (664.8K) | (698.0K) | |
Capital Stock | 20.7M | 23.4M | 26.7M | 28.7M | 33.0M | 25.2M |
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Additional Tools for CMC Stock Analysis
When running CMC Metals' price analysis, check to measure CMC Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.