Cronos Change To Account Receivables vs Sale Purchase Of Stock Analysis

CRON Stock  CAD 2.79  0.08  2.95%   
Cronos financial indicator trend analysis is way more than just evaluating Cronos Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cronos Group is a good investment. Please check the relationship between Cronos Change To Account Receivables and its Sale Purchase Of Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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.

Change To Account Receivables vs Sale Purchase Of Stock

Change To Account Receivables vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Change To Account Receivables account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cronos' Change To Account Receivables and Sale Purchase Of Stock is -0.01. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Change To Account Receivables and Sale Purchase Of 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 Change To Account Receivables of Cronos Group are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Change To Account Receivables i.e., Cronos' Change To Account Receivables and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Account Receivables

Sale Purchase Of Stock

Most indicators from Cronos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cronos Group 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 Cronos Group. 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.
As of the 23rd of December 2024, Selling General Administrative is likely to drop to about 43.8 M. In addition to that, Tax Provision is likely to grow to about (3.1 M)

Cronos fundamental ratios Correlations

0.80.871.0-0.990.990.931.00.971.00.90.870.930.760.881.00.430.810.980.840.870.640.80.770.750.88
0.80.980.76-0.750.860.910.770.850.790.530.720.690.30.980.770.40.580.670.810.460.650.750.280.980.49
0.870.980.83-0.840.910.960.840.90.860.640.760.780.451.00.850.390.650.760.840.610.670.730.430.950.63
1.00.760.83-0.990.980.91.00.961.00.920.860.930.790.841.00.420.820.990.820.890.630.790.810.710.9
-0.99-0.75-0.84-0.99-0.97-0.91-1.0-0.95-0.99-0.9-0.85-0.92-0.81-0.84-0.99-0.37-0.79-0.98-0.8-0.91-0.6-0.77-0.83-0.7-0.92
0.990.860.910.98-0.970.940.980.980.980.820.880.890.670.920.980.390.770.940.840.810.660.850.690.830.82
0.930.910.960.9-0.910.940.910.910.930.780.810.840.590.960.920.390.710.860.810.740.680.710.590.850.75
1.00.770.841.0-1.00.980.910.961.00.90.850.920.770.851.00.390.790.980.80.880.620.80.790.720.89
0.970.850.90.96-0.950.980.910.960.960.860.920.920.690.910.960.560.850.920.930.790.70.840.690.820.82
1.00.790.861.0-0.990.980.931.00.960.890.840.920.760.861.00.380.790.980.80.880.620.780.780.730.89
0.90.530.640.92-0.90.820.780.90.860.890.820.920.870.650.90.560.880.940.770.890.580.610.880.460.93
0.870.720.760.86-0.850.880.810.850.920.840.820.850.590.780.840.690.850.820.870.680.690.880.640.690.73
0.930.690.780.93-0.920.890.840.920.920.920.920.850.760.790.920.550.820.910.830.820.770.670.760.630.85
0.760.30.450.79-0.810.670.590.770.690.760.870.590.760.460.780.260.730.840.590.970.340.360.980.240.97
0.880.981.00.84-0.840.920.960.850.910.860.650.780.790.460.860.410.660.770.850.610.680.740.440.950.64
1.00.770.851.0-0.990.980.921.00.961.00.90.840.920.780.860.380.790.990.80.880.620.780.790.720.89
0.430.40.390.42-0.370.390.390.390.560.380.560.690.550.260.410.380.730.390.750.220.450.50.260.340.35
0.810.580.650.82-0.790.770.710.790.850.790.880.850.820.730.660.790.730.810.850.730.510.670.720.520.8
0.980.670.760.99-0.980.940.860.980.920.980.940.820.910.840.770.990.390.810.770.920.560.740.860.620.93
0.840.810.840.82-0.80.840.810.80.930.80.770.870.830.590.850.80.750.850.770.640.660.740.560.780.71
0.870.460.610.89-0.910.810.740.880.790.880.890.680.820.970.610.880.220.730.920.640.40.510.970.40.99
0.640.650.670.63-0.60.660.680.620.70.620.580.690.770.340.680.620.450.510.560.660.40.50.310.690.42
0.80.750.730.79-0.770.850.710.80.840.780.610.880.670.360.740.780.50.670.740.740.510.50.440.740.54
0.770.280.430.81-0.830.690.590.790.690.780.880.640.760.980.440.790.260.720.860.560.970.310.440.210.97
0.750.980.950.71-0.70.830.850.720.820.730.460.690.630.240.950.720.340.520.620.780.40.690.740.210.42
0.880.490.630.9-0.920.820.750.890.820.890.930.730.850.970.640.890.350.80.930.710.990.420.540.970.42
Click cells to compare fundamentals

Cronos Account Relationship Matchups

Cronos fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.9B1.4B1.2B1.1B809.1M
Other Current Liab297.2M183.3M37.1M18.5M16.5M15.7M
Total Current Liabilities332.9M206.8M54.4M68.1M41.4M75.2M
Total Stockholder Equity1.7B1.7B1.3B1.1B1.1B730.8M
Net Debt(1.2B)(1.1B)(877.2M)(760.8M)(666.7M)(633.4M)
Retained Earnings1.1B1.1B659.4M490.7M416.7M373.6M
Accounts Payable35.3M19.3M11.1M11.2M12.1M9.9M
Cash1.2B1.1B887.0M764.6M669.3M463.4M
Non Current Assets Total520.4M553.5M318.0M252.9M206.8M209.9M
Cash And Short Term Investments1.5B1.3B1.0B877.7M861.5M557.5M
Common Stock Shares Outstanding172.3M342.8M351.6M370.4M381.0M233.2M
Liabilities And Stockholders Equity2.1B1.9B1.4B1.2B1.1B809.1M
Non Current Liabilities Total8.5M10.7M9.1M3.9M2.6M4.5M
Other Current Assets12.6M12.3M9.0M13.6M5.4M6.2M
Other Stockholder Equity23.2M34.6M32.5M42.7M48.4M50.9M
Total Liab341.4M217.5M63.5M72.0M44.0M79.6M
Total Current Assets1.6B1.4B1.1B960.2M933.3M599.3M
Short Long Term Debt Total7.1M9.8M9.8M3.9M2.6M2.4M
Other Liab1.8M2.2M2.0M1.4M1.6M1.5M
Net Tangible Assets1.5B1.5B1.3B1.1B1.3B683.9M
Property Plant And Equipment Net168.4M197.4M83.0M62.8M60.8M83.2M
Non Currrent Assets Other64.4M87.7M100K72.5M45K42.8K
Other Assets64.4M87.7M80.7M193K222.0K210.9K
Net Receivables16.5M26.0M33.3M31.3M35.9M37.7M
Good Will214.8M179.5M1.1M1.0M1.1M1.0M
Common Stock Total Equity66.4M165.6M561.2M569.3M654.6M687.4M
Inventory38.0M44.0M32.8M37.6M30.5M23.1M
Long Term Investments557K19.2M135.2M89.7M54.7M35.9M
Property Plant And Equipment Gross168.4M197.4M83.0M207.2M200.6M114.5M
Accumulated Other Comprehensive Income27.8M43.0M49.9M(797K)20.7M15.9M
Short Term Debt427K1.3M2.7M1.3M994K944.3K
Intangible Assets72.3M69.7M18.1M26.7M21.1M26.0M
Common Stock561.2M569.3M595.5M611.3M613.7M355.3M
Property Plant Equipment166.5M197.4M83.0M62.8M72.3M85.3M
Capital Surpluse23.2M34.6M32.5M42.7M49.1M51.5M
Cash And Equivalents1.2B1.1B887.0M764.6M879.3M622.7M
Net Invested Capital1.7B1.7B1.3B1.1B1.1B1.1B
When determining whether Cronos Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cronos' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cronos Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cronos Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.