Fastenal Change Receivables vs Change In Working Capital Analysis

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USD 72.46 1.96 2.63%

Fastenal financial indicator trend analysis is much more than just examining Fastenal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fastenal is a good investment. Please check the relationship between Fastenal Change Receivables and its Change In Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Change Receivables vs Change In Working Capital

Change Receivables vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fastenal Change Receivables account and Change In Working Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Fastenal's Change Receivables and Change In Working Capital is 0.41. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Fastenal Company, assuming nothing else is changed. The correlation between historical values of Fastenal's Change Receivables and Change In Working Capital 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 Receivables of Fastenal Company are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change Receivables i.e., Fastenal's Change Receivables and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Change Receivables

The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Fastenal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fastenal 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Fastenal's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value Multiple is likely to drop 20.87 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	3.2B	3.4B	3.5B
Total Revenue	6.0B	7.0B	7.3B	7.7B

Gross Profit Total Revenue

Fastenal fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Property Plant And Equipment Gross	Short Term Debt	Common Stock	Common Stock Total Equity	Other Assets
Total Assets		0.84	0.97	0.99	0.98	0.82	0.99	0.95	0.99	0.7	0.93	0.98	0.56	0.84	0.99	0.97	0.23	0.96	1.0	0.26	0.98	0.66	0.79	0.84	0.84	0.43
Short Long Term Debt Total	0.84		0.84	0.76	0.84	0.96	0.77	0.84	0.86	0.45	0.81	0.77	0.15	0.95	0.85	0.74	0.13	0.94	0.82	0.27	0.82	0.3	0.7	0.52	0.52	0.66
Total Current Liabilities	0.97	0.84		0.95	0.95	0.83	0.96	0.96	0.96	0.74	0.93	0.96	0.46	0.8	0.96	0.94	0.2	0.95	0.97	0.17	0.97	0.62	0.9	0.83	0.83	0.48
Total Stockholder Equity	0.99	0.76	0.95		0.97	0.74	1.0	0.93	0.97	0.72	0.91	0.98	0.64	0.76	0.98	0.98	0.26	0.9	0.99	0.26	0.97	0.71	0.78	0.88	0.88	0.36
Property Plant And Equipment Net	0.98	0.84	0.95	0.97		0.83	0.97	0.93	1.0	0.62	0.9	0.94	0.55	0.86	0.97	0.94	0.3	0.95	0.97	0.36	0.95	0.61	0.75	0.76	0.76	0.39
Net Debt	0.82	0.96	0.83	0.74	0.83		0.75	0.79	0.85	0.49	0.75	0.77	0.12	0.97	0.83	0.7	0.0	0.95	0.8	0.19	0.82	0.37	0.7	0.52	0.52	0.62
Retained Earnings	0.99	0.77	0.96	1.0	0.97	0.75		0.93	0.97	0.72	0.92	0.99	0.63	0.78	0.98	0.98	0.22	0.91	0.99	0.25	0.98	0.72	0.78	0.88	0.88	0.37
Cash	0.95	0.84	0.96	0.93	0.93	0.79	0.93		0.94	0.73	1.0	0.93	0.48	0.82	0.93	0.91	0.21	0.93	0.95	0.16	0.95	0.63	0.83	0.78	0.78	0.39
Non Current Assets Total	0.99	0.86	0.96	0.97	1.0	0.85	0.97	0.94		0.67	0.92	0.95	0.52	0.87	0.97	0.94	0.29	0.96	0.97	0.29	0.96	0.63	0.78	0.77	0.77	0.4
Non Currrent Assets Other	0.7	0.45	0.74	0.72	0.62	0.49	0.72	0.73	0.67		0.72	0.79	0.28	0.44	0.65	0.67	0.09	0.61	0.71	-0.43	0.78	0.87	0.82	0.83	0.83	0.05
Cash And Short Term Investments	0.93	0.81	0.93	0.91	0.9	0.75	0.92	1.0	0.92	0.72		0.91	0.49	0.79	0.91	0.9	0.2	0.9	0.93	0.15	0.93	0.61	0.81	0.78	0.78	0.38
Net Receivables	0.98	0.77	0.96	0.98	0.94	0.77	0.99	0.93	0.95	0.79	0.91		0.54	0.78	0.97	0.95	0.16	0.91	0.99	0.13	0.99	0.76	0.82	0.9	0.9	0.36
Common Stock Shares Outstanding	0.56	0.15	0.46	0.64	0.55	0.12	0.63	0.48	0.52	0.28	0.49	0.54		0.23	0.57	0.66	0.21	0.36	0.57	0.43	0.49	0.49	0.23	0.59	0.59	-0.01
Non Current Liabilities Total	0.84	0.95	0.8	0.76	0.86	0.97	0.78	0.82	0.87	0.44	0.79	0.78	0.23		0.85	0.74	0.08	0.95	0.82	0.31	0.83	0.38	0.58	0.49	0.49	0.56
Inventory	0.99	0.85	0.96	0.98	0.97	0.83	0.98	0.93	0.97	0.65	0.91	0.97	0.57	0.85		0.96	0.2	0.95	0.99	0.31	0.97	0.61	0.77	0.82	0.82	0.49
Other Current Assets	0.97	0.74	0.94	0.98	0.94	0.7	0.98	0.91	0.94	0.67	0.9	0.95	0.66	0.74	0.96		0.29	0.88	0.97	0.33	0.95	0.66	0.73	0.87	0.87	0.42
Other Stockholder Equity	0.23	0.13	0.2	0.26	0.3	0.0	0.22	0.21	0.29	0.09	0.2	0.16	0.21	0.08	0.2	0.29		0.14	0.2	0.22	0.15	-0.03	0.13	0.18	0.18	0.09
Total Liab	0.96	0.94	0.95	0.9	0.95	0.95	0.91	0.93	0.96	0.61	0.9	0.91	0.36	0.95	0.95	0.88	0.14		0.94	0.26	0.94	0.52	0.77	0.69	0.69	0.54
Total Current Assets	1.0	0.82	0.97	0.99	0.97	0.8	0.99	0.95	0.97	0.71	0.93	0.99	0.57	0.82	0.99	0.97	0.2	0.94		0.24	0.99	0.68	0.8	0.86	0.86	0.44
Other Current Liab	0.26	0.27	0.17	0.26	0.36	0.19	0.25	0.16	0.29	-0.43	0.15	0.13	0.43	0.31	0.31	0.33	0.22	0.26	0.24		0.15	-0.24	-0.19	-0.07	-0.07	0.19
Accounts Payable	0.98	0.82	0.97	0.97	0.95	0.82	0.98	0.95	0.96	0.78	0.93	0.99	0.49	0.83	0.97	0.95	0.15	0.94	0.99	0.15		0.72	0.82	0.86	0.86	0.4
Property Plant And Equipment Gross	0.66	0.3	0.62	0.71	0.61	0.37	0.72	0.63	0.63	0.87	0.61	0.76	0.49	0.38	0.61	0.66	-0.03	0.52	0.68	-0.24	0.72		0.6	0.81	0.81	-0.17
Short Term Debt	0.79	0.7	0.9	0.78	0.75	0.7	0.78	0.83	0.78	0.82	0.81	0.82	0.23	0.58	0.77	0.73	0.13	0.77	0.8	-0.19	0.82	0.6		0.79	0.79	0.38
Common Stock	0.84	0.52	0.83	0.88	0.76	0.52	0.88	0.78	0.77	0.83	0.78	0.9	0.59	0.49	0.82	0.87	0.18	0.69	0.86	-0.07	0.86	0.81	0.79		1.0	0.31
Common Stock Total Equity	0.84	0.52	0.83	0.88	0.76	0.52	0.88	0.78	0.77	0.83	0.78	0.9	0.59	0.49	0.82	0.87	0.18	0.69	0.86	-0.07	0.86	0.81	0.79	1.0		0.31
Other Assets	0.43	0.66	0.48	0.36	0.39	0.62	0.37	0.39	0.4	0.05	0.38	0.36	-0.01	0.56	0.49	0.42	0.09	0.54	0.44	0.19	0.4	-0.17	0.38	0.31	0.31

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Fastenal Account Relationship Matchups

Fastenal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	4.0B	4.3B	4.5B	4.5B	4.7B
Short Long Term Debt Total	590.6M	650.1M	636.8M	802.1M	535M	324.0M
Total Current Liabilities	544.7M	612.7M	682.2M	789.8M	661.3M	694.4M
Total Stockholder Equity	2.7B	2.7B	3.0B	3.2B	3.3B	3.5B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
Net Debt	415.7M	404.4M	400.6M	572M	313.7M	329.4M
Retained Earnings	2.6B	2.7B	3.0B	3.2B	3.4B	3.5B
Cash	174.9M	245.7M	236.2M	230.1M	221.3M	232.4M
Non Current Assets Total	1.3B	1.5B	1.4B	1.4B	1.4B	1.5B
Non Currrent Assets Other	(23.1M)	89.1M	92.3M	87.1M	160.7M	168.7M
Cash And Short Term Investments	174.9M	245.7M	236.2M	230.1M	221.3M	232.4M
Net Receivables	741.8M	769.4M	900.2M	1.0B	1.1B	1.1B
Liabilities And Stockholders Equity	3.8B	4.0B	4.3B	4.5B	4.5B	4.7B
Non Current Liabilities Total	589.6M	618.8M	574.6M	595.6M	452.8M	475.4M
Inventory	1.4B	1.3B	1.5B	1.7B	1.5B	1.6B
Other Stockholder Equity	67.2M	61.9M	96.2M	3.6M	41M	22.1M
Total Liab	1.1B	1.2B	1.3B	1.4B	1.1B	1.2B
Total Current Assets	2.5B	2.5B	2.9B	3.1B	3.0B	3.2B
Other Current Liab	251.5M	124.2M	116.1M	108.9M	108.7M	80.2M
Accounts Payable	192.8M	207M	233.1M	255M	264.1M	277.3M
Property Plant And Equipment Gross	1.0M	1.3B	1.0B	1.0B	2.7B	2.8B
Accumulated Other Comprehensive Income	(38.4M)	(21.2M)	(30.7M)	(64.8M)	(54.8M)	(52.1M)
Short Term Debt	100.4M	227.2M	241.6M	385.6M	252.4M	265.0M
Other Assets	76.3M	435K	180.9M	170.8M	1.0	0.95
Property Plant Equipment	1.0B	1.0B	1.3B	1.0B	1.2B	610.0M
Net Tangible Assets	2.8B	2.9B	3.0B	3.3B	3.8B	2.3B
Long Term Debt	342M	365M	330M	353.2M	200M	233.3M
Retained Earnings Total Equity	2.6B	2.7B	3.0B	3.2B	3.7B	2.1B
Capital Surpluse	67.2M	61.9M	96.2M	3.6M	4.1M	3.9M
Deferred Long Term Liab	99.4M	102.3M	88.6M	83.7M	96.3M	65.8M
Other Liab	99.4M	102.3M	88.6M	87.2M	100.3M	87.6M
Long Term Debt Total	342M	365M	330M	353.2M	317.9M	298.2M

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