Foxx Accounts Payable vs Net Working Capital Analysis

FOXXW Stock   0.16  0.09  36.00%   
Foxx Development financial indicator trend analysis is much more than just examining Foxx Development Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foxx Development Holdings is a good investment. Please check the relationship between Foxx Development 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 Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

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 Foxx Development Holdings Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Foxx Development's Accounts Payable and Net Working Capital is -1.0. 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 Foxx Development Holdings, assuming nothing else is changed. The correlation between historical values of Foxx Development'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 Foxx Development Holdings 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., Foxx Development's Accounts Payable and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-1.0
Relationship DirectionNegative 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Foxx Development 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 Foxx Development Holdings 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 Foxx Development's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foxx Development Holdings 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 Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Tax Provision is likely to drop to about 13.1 K in 2024. Selling General Administrative is likely to drop to about 1.6 M in 2024
 2010 2022 2023 2024 (projected)
Gross Profit454.6K1.1M115.9K110.1K
Total Revenue12.9M21.6M3.2M3.1M

Foxx Development fundamental ratios Correlations

0.99-0.910.930.9-0.870.880.570.92-0.730.990.920.931.01.0-0.73-0.91-0.79
0.99-0.920.910.9-0.870.890.460.91-0.731.00.870.910.990.99-0.73-0.92-0.79
-0.91-0.92-0.97-1.00.99-1.0-0.38-0.990.93-0.92-0.78-0.97-0.9-0.90.931.00.96
0.930.91-0.970.98-0.970.960.60.99-0.930.910.891.00.930.93-0.93-0.97-0.95
0.90.9-1.00.98-1.01.00.421.0-0.950.90.790.980.890.89-0.95-1.0-0.98
-0.87-0.870.99-0.97-1.0-1.0-0.4-0.990.97-0.87-0.75-0.97-0.86-0.860.970.990.99
0.880.89-1.00.961.0-1.00.360.99-0.950.890.740.960.870.87-0.95-1.0-0.98
0.570.46-0.380.60.42-0.40.360.51-0.420.460.840.60.590.59-0.42-0.4-0.42
0.920.91-0.990.991.0-0.990.990.51-0.940.910.840.990.910.92-0.94-0.99-0.97
-0.73-0.730.93-0.93-0.950.97-0.95-0.42-0.94-0.73-0.67-0.93-0.73-0.731.00.930.99
0.991.0-0.920.910.9-0.870.890.460.91-0.730.870.910.990.99-0.73-0.92-0.79
0.920.87-0.780.890.79-0.750.740.840.84-0.670.870.890.930.94-0.67-0.78-0.71
0.930.91-0.971.00.98-0.970.960.60.99-0.930.910.890.930.93-0.93-0.97-0.95
1.00.99-0.90.930.89-0.860.870.590.91-0.730.990.930.931.0-0.73-0.91-0.79
1.00.99-0.90.930.89-0.860.870.590.92-0.730.990.940.931.0-0.73-0.91-0.79
-0.73-0.730.93-0.93-0.950.97-0.95-0.42-0.941.0-0.73-0.67-0.93-0.73-0.730.930.99
-0.91-0.921.0-0.97-1.00.99-1.0-0.4-0.990.93-0.92-0.78-0.97-0.91-0.910.930.96
-0.79-0.790.96-0.95-0.980.99-0.98-0.42-0.970.99-0.79-0.71-0.95-0.79-0.790.990.96
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Foxx Development Account Relationship Matchups

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