FirstCash Accounts Payable vs Net Working Capital Analysis

FCFS Stock

USD 108.86 0.19 0.17%

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

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.

Accounts Payable vs Net Working Capital

Accounts Payable vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstCash Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between FirstCash's Accounts Payable and Net Working Capital is -0.13. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of FirstCash, assuming nothing else is changed. The correlation between historical values of FirstCash's Accounts Payable and Net 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 Accounts Payable of FirstCash are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., FirstCash's Accounts Payable and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents FirstCash obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of FirstCash are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Working Capital

Most indicators from FirstCash's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FirstCash 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 FirstCash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.Enterprise Value is likely to gain to about 6.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 90.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	919.2M	1.3B	1.5B	1.6B
Total Revenue	1.7B	2.7B	3.2B	3.3B

Gross Profit Total Revenue

FirstCash 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	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 Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.98	0.87	0.98	0.97	0.95	0.97	0.89	0.78	1.0	0.08	0.78	0.98	0.64	0.98	0.88	0.81	0.98	0.85	0.98	0.34	0.88	0.62	-0.01	0.7	0.71
Short Long Term Debt Total	0.98		0.85	0.97	0.91	0.98	1.0	0.92	0.74	0.99	-0.12	0.74	0.92	0.54	1.0	0.77	0.67	1.0	0.89	0.92	0.18	0.93	0.66	-0.1	0.62	0.63
Other Current Liab	0.87	0.85		0.91	0.84	0.78	0.83	0.71	0.78	0.87	0.09	0.78	0.84	0.49	0.85	0.71	0.74	0.86	0.63	0.85	0.32	0.82	0.64	-0.17	0.6	0.61
Total Current Liabilities	0.98	0.97	0.91		0.93	0.96	0.97	0.86	0.73	0.98	-0.04	0.73	0.93	0.58	0.97	0.8	0.75	0.98	0.82	0.93	0.27	0.88	0.66	-0.1	0.67	0.68
Total Stockholder Equity	0.97	0.91	0.84	0.93		0.88	0.89	0.82	0.79	0.96	0.28	0.79	1.0	0.73	0.91	0.96	0.9	0.91	0.78	0.99	0.46	0.78	0.52	0.11	0.74	0.75
Property Plant And Equipment Net	0.95	0.98	0.78	0.96	0.88		0.98	0.91	0.66	0.97	-0.17	0.66	0.89	0.55	0.97	0.74	0.65	0.97	0.9	0.88	0.18	0.86	0.59	-0.14	0.62	0.63
Net Debt	0.97	1.0	0.83	0.97	0.89	0.98		0.92	0.7	0.98	-0.15	0.7	0.9	0.5	1.0	0.75	0.65	1.0	0.89	0.91	0.18	0.93	0.66	-0.13	0.59	0.61
Retained Earnings	0.89	0.92	0.71	0.86	0.82	0.91	0.92		0.78	0.9	-0.15	0.78	0.83	0.6	0.92	0.68	0.49	0.91	0.87	0.84	0.08	0.85	0.65	0.01	0.68	0.69
Cash	0.78	0.74	0.78	0.73	0.79	0.66	0.7	0.78		0.75	0.23	1.0	0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.08	0.72	0.73
Non Current Assets Total	1.0	0.99	0.87	0.98	0.96	0.97	0.98	0.9	0.75		0.01	0.75	0.96	0.62	0.99	0.85	0.77	0.99	0.86	0.96	0.29	0.89	0.62	-0.05	0.68	0.69
Non Currrent Assets Other	0.08	-0.12	0.09	-0.04	0.28	-0.17	-0.15	-0.15	0.23	0.01		0.23	0.27	0.35	-0.09	0.52	0.55	-0.09	-0.14	0.26	0.73	-0.19	-0.22	0.43	0.26	0.26
Cash And Short Term Investments	0.78	0.74	0.78	0.73	0.79	0.66	0.7	0.78	1.0	0.75	0.23		0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.08	0.72	0.73
Net Receivables	0.98	0.92	0.84	0.93	1.0	0.89	0.9	0.83	0.79	0.96	0.27	0.79		0.7	0.92	0.95	0.88	0.93	0.81	1.0	0.44	0.81	0.55	0.11	0.73	0.74
Common Stock Shares Outstanding	0.64	0.54	0.49	0.58	0.73	0.55	0.5	0.6	0.64	0.62	0.35	0.64	0.7		0.53	0.74	0.68	0.54	0.39	0.68	0.26	0.34	0.33	0.5	0.93	0.93
Non Current Liabilities Total	0.98	1.0	0.85	0.97	0.91	0.97	1.0	0.92	0.75	0.99	-0.09	0.75	0.92	0.53		0.77	0.68	1.0	0.88	0.93	0.22	0.94	0.67	-0.11	0.62	0.63
Inventory	0.88	0.77	0.71	0.8	0.96	0.74	0.75	0.68	0.72	0.85	0.52	0.72	0.95	0.74	0.77		0.94	0.78	0.66	0.94	0.62	0.61	0.37	0.25	0.73	0.74
Other Stockholder Equity	0.81	0.67	0.74	0.75	0.9	0.65	0.65	0.49	0.61	0.77	0.55	0.61	0.88	0.68	0.68	0.94		0.69	0.51	0.86	0.63	0.52	0.29	0.18	0.64	0.64
Total Liab	0.98	1.0	0.86	0.98	0.91	0.97	1.0	0.91	0.75	0.99	-0.09	0.75	0.93	0.54	1.0	0.78	0.69		0.88	0.93	0.23	0.93	0.67	-0.11	0.63	0.64
Property Plant And Equipment Gross	0.85	0.89	0.63	0.82	0.78	0.9	0.89	0.87	0.6	0.86	-0.14	0.6	0.81	0.39	0.88	0.66	0.51	0.88		0.8	0.16	0.81	0.45	-0.13	0.46	0.48
Total Current Assets	0.98	0.92	0.85	0.93	0.99	0.88	0.91	0.84	0.84	0.96	0.26	0.84	1.0	0.68	0.93	0.94	0.86	0.93	0.8		0.45	0.84	0.58	0.09	0.73	0.74
Short Term Debt	0.34	0.18	0.32	0.27	0.46	0.18	0.18	0.08	0.3	0.29	0.73	0.3	0.44	0.26	0.22	0.62	0.63	0.23	0.16	0.45		0.12	0.0	-0.14	0.35	0.35
Other Current Assets	0.88	0.93	0.82	0.88	0.78	0.86	0.93	0.85	0.77	0.89	-0.19	0.77	0.81	0.34	0.94	0.61	0.52	0.93	0.81	0.84	0.12		0.74	-0.24	0.48	0.49
Intangible Assets	0.62	0.66	0.64	0.66	0.52	0.59	0.66	0.65	0.63	0.62	-0.22	0.63	0.55	0.33	0.67	0.37	0.29	0.67	0.45	0.58	0.0	0.74		-0.16	0.48	0.49
Accounts Payable	-0.01	-0.1	-0.17	-0.1	0.11	-0.14	-0.13	0.01	0.08	-0.05	0.43	0.08	0.11	0.5	-0.11	0.25	0.18	-0.11	-0.13	0.09	-0.14	-0.24	-0.16		0.27	0.27
Common Stock Total Equity	0.7	0.62	0.6	0.67	0.74	0.62	0.59	0.68	0.72	0.68	0.26	0.72	0.73	0.93	0.62	0.73	0.64	0.63	0.46	0.73	0.35	0.48	0.48	0.27		1.0
Common Stock	0.71	0.63	0.61	0.68	0.75	0.63	0.61	0.69	0.73	0.69	0.26	0.73	0.74	0.93	0.63	0.74	0.64	0.64	0.48	0.74	0.35	0.49	0.49	0.27	1.0

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FirstCash Account Relationship Matchups

FirstCash fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Short Long Term Debt Total	911.5M	899.4M	1.6B	1.7B	1.9B	2.0B
Other Current Liab	4.3M	109.4M	275.2M	147.4M	173.9M	182.6M
Total Current Liabilities	202.9M	206.4M	390.8M	295.5M	335.6M	352.4M
Total Stockholder Equity	1.4B	1.3B	1.8B	1.9B	2.0B	2.1B
Property Plant And Equipment Net	640.7M	672.6M	768.6M	845.7M	961.2M	1.0B
Net Debt	865.0M	833.6M	1.5B	1.6B	1.8B	1.9B
Retained Earnings	727.5M	789.3M	866.7M	1.1B	1.2B	1.3B
Cash	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Non Current Assets Total	1.7B	1.7B	2.7B	2.8B	3.0B	3.1B
Non Currrent Assets Other	11.5M	9.8M	8.5M	9.4M	10.2M	12.5M
Cash And Short Term Investments	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Net Receivables	417.8M	359.0M	584.4M	551.9M	657.7M	690.6M
Common Stock Shares Outstanding	43.2M	41.6M	41.0M	47.3M	45.7M	30.9M
Liabilities And Stockholders Equity	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Non Current Liabilities Total	886.5M	882.0M	1.6B	1.7B	2.0B	2.1B
Inventory	265.3M	190.4M	263.3M	288.3M	312.1M	327.7M
Other Stockholder Equity	719.0M	612.5M	1.1B	925.2M	820.9M	861.9M
Total Liab	1.1B	1.1B	2.0B	2.0B	2.3B	2.4B
Property Plant And Equipment Gross	640.7M	672.6M	462.5M	538.7M	1.4B	1.5B
Total Current Assets	741.0M	624.6M	1.1B	1.1B	1.3B	1.4B
Accumulated Other Comprehensive Income	(97.0M)	(118.4M)	(131.3M)	(106.6M)	(43.0M)	(45.2M)
Short Term Debt	86.5M	88.6M	90.6M	92.9M	102.0M	107.1M
Other Current Assets	11.4M	9.4M	161.7M	173.1M	209.8M	220.3M
Intangible Assets	85.9M	83.7M	388.2M	330.3M	277.7M	291.6M
Accounts Payable	72.4M	7.2M	23.1M	27.4M	26.5M	21.5M
Other Assets	23.2M	312.9M	14.1M	16.8M	19.3M	31.9M
Long Term Debt	631.6M	615.9M	1.3B	1.4B	1.6B	1.7B
Treasury Stock	(512.5M)	(609.3M)	(652.8M)	(809.4M)	(728.4M)	(692.0M)
Property Plant Equipment	336.2M	373.7M	768.6M	538.7M	619.5M	650.5M
Good Will	948.6M	977.4M	1.5B	1.6B	1.7B	1.8B
Current Deferred Revenue	39.7M	34.7M	57.3M	63.1M	70.6M	74.1M
Net Tangible Assets	1.4B	1.3B	(108.3M)	1.9B	2.2B	2.3B
Retained Earnings Total Equity	727.5M	789.3M	866.7M	1.1B	1.2B	633.1M
Capital Surpluse	1.2B	1.2B	1.7B	1.7B	2.0B	1.0B

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