Graphex Total Current Liabilities vs Asset Turnover Analysis

GRFX Stock  USD 0.20  0  1.00%   
Graphex Group financial indicator trend analysis is much more than just examining Graphex Group Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Graphex Group Limited is a good investment. Please check the relationship between Graphex Group Total Current Liabilities and its Asset Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graphex Group Limited. 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.

Total Current Liabilities vs Asset Turnover

Total Current Liabilities vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Graphex Group Limited Total Current Liabilities account and Asset Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between Graphex Group's Total Current Liabilities and Asset Turnover is -0.75. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Graphex Group Limited, assuming nothing else is changed. The correlation between historical values of Graphex Group's Total Current Liabilities and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Graphex Group Limited are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Liabilities i.e., Graphex Group's Total Current Liabilities and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.75
Relationship DirectionNegative 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Graphex Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Graphex Group Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Graphex Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Graphex Group Limited 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graphex Group Limited. 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.
At this time, Graphex Group's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to rise to about 702.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 127.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense59.7M45.4M23.7M21.8M
Depreciation And Amortization66.9M60.0M20.0M28.1M

Graphex Group fundamental ratios Correlations

0.970.20.930.630.940.740.98-0.770.77-0.671.0-0.83-0.15-0.650.790.68-0.180.940.950.70.730.980.710.910.99
0.970.110.860.450.990.760.99-0.670.72-0.590.96-0.85-0.11-0.590.690.53-0.150.990.950.690.60.990.680.870.97
0.20.110.430.040.12-0.020.19-0.26-0.09-0.530.22-0.12-0.44-0.530.50.09-0.280.120.35-0.070.190.220.10.130.22
0.930.860.430.620.820.680.9-0.840.7-0.790.93-0.72-0.02-0.750.840.73-0.240.80.920.550.770.90.590.890.92
0.630.450.040.620.360.360.46-0.770.65-0.490.63-0.38-0.12-0.430.670.87-0.120.350.470.40.860.450.530.680.61
0.940.990.120.820.360.730.98-0.580.66-0.560.94-0.86-0.14-0.560.640.43-0.151.00.940.710.50.990.640.80.94
0.740.76-0.020.680.360.730.76-0.670.72-0.610.76-0.580.15-0.620.450.6-0.330.720.70.340.570.740.230.780.75
0.980.990.190.90.460.980.76-0.670.7-0.670.98-0.87-0.12-0.650.710.54-0.170.980.960.690.61.00.640.860.98
-0.77-0.67-0.26-0.84-0.77-0.58-0.67-0.67-0.870.68-0.770.39-0.070.74-0.74-0.890.33-0.56-0.69-0.4-0.97-0.67-0.5-0.86-0.75
0.770.72-0.090.70.650.660.720.7-0.87-0.50.76-0.350.14-0.580.630.8-0.280.650.610.630.830.690.520.760.73
-0.67-0.59-0.53-0.79-0.49-0.56-0.61-0.670.68-0.5-0.710.530.140.94-0.74-0.550.42-0.55-0.68-0.31-0.64-0.64-0.18-0.61-0.7
1.00.960.220.930.630.940.760.98-0.770.76-0.71-0.84-0.16-0.680.790.67-0.240.930.950.670.720.970.650.91.0
-0.83-0.85-0.12-0.72-0.38-0.86-0.58-0.870.39-0.350.53-0.840.230.46-0.47-0.280.1-0.86-0.86-0.51-0.39-0.86-0.52-0.69-0.87
-0.15-0.11-0.44-0.02-0.12-0.140.15-0.12-0.070.140.14-0.160.230.11-0.290.13-0.01-0.19-0.18-0.180.01-0.14-0.270.02-0.18
-0.65-0.59-0.53-0.75-0.43-0.56-0.62-0.650.74-0.580.94-0.680.460.11-0.7-0.50.63-0.54-0.65-0.21-0.69-0.63-0.13-0.59-0.68
0.790.690.50.840.670.640.450.71-0.740.63-0.740.79-0.47-0.29-0.70.72-0.220.640.780.520.70.730.640.720.76
0.680.530.090.730.870.430.60.54-0.890.8-0.550.67-0.280.13-0.50.72-0.140.410.540.40.880.530.470.80.64
-0.18-0.15-0.28-0.24-0.12-0.15-0.33-0.170.33-0.280.42-0.240.1-0.010.63-0.22-0.14-0.14-0.160.28-0.31-0.180.33-0.1-0.24
0.940.990.120.80.351.00.720.98-0.560.65-0.550.93-0.86-0.19-0.540.640.41-0.140.930.710.490.980.660.790.94
0.950.950.350.920.470.940.70.96-0.690.61-0.680.95-0.86-0.18-0.650.780.54-0.160.930.570.620.970.690.880.96
0.70.69-0.070.550.40.710.340.69-0.40.63-0.310.67-0.51-0.18-0.210.520.40.280.710.570.370.690.710.50.66
0.730.60.190.770.860.50.570.6-0.970.83-0.640.72-0.390.01-0.690.70.88-0.310.490.620.370.60.520.810.71
0.980.990.220.90.450.990.741.0-0.670.69-0.640.97-0.86-0.14-0.630.730.53-0.180.980.970.690.60.670.850.98
0.710.680.10.590.530.640.230.64-0.50.52-0.180.65-0.52-0.27-0.130.640.470.330.660.690.710.520.670.640.65
0.910.870.130.890.680.80.780.86-0.860.76-0.610.9-0.690.02-0.590.720.8-0.10.790.880.50.810.850.640.89
0.990.970.220.920.610.940.750.98-0.750.73-0.71.0-0.87-0.18-0.680.760.64-0.240.940.960.660.710.980.650.89
Click cells to compare fundamentals

Graphex Group Account Relationship Matchups

Graphex Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.1B1.1B894.7M847.3M674.9M
Short Long Term Debt Total595.8M620.0M530.9M308.8M233.2M304.5M
Other Current Liab63.6M95.9M147.5M90.7M119.2M97.4M
Total Current Liabilities253.0M316.9M373.9M288.2M320.2M217.0M
Total Stockholder Equity220.7M171.5M197.3M380.6M369.7M220.2M
Property Plant And Equipment Net92.5M92.5M74.6M38.6M28.7M37.7M
Current Deferred Revenue58.5M46.2M45.3M37.4M38.6M31.2M
Net Debt541.9M576.1M499.4M277.3M206.0M175.4M
Retained Earnings(124.2M)(215.9M)(269.4M)(341.8M)(452.2M)(429.6M)
Accounts Payable22.2M16.1M8.9M13.4M23.2M24.3M
Cash53.9M43.9M31.5M31.5M27.2M53.6M
Non Current Assets Total869.0M841.7M790.4M659.6M600.8M396.9M
Non Currrent Assets Other(101.6M)(98.6M)(101.8M)(100.3M)5.2M5.4M
Other Assets3.7M5.9M3.4M9.8M11.3M12.2M
Cash And Short Term Investments55.1M43.9M31.5M31.5M27.2M25.9M
Net Receivables155.8M155.7M189.7M133.7M205.6M147.8M
Common Stock Shares Outstanding443.8M472.4M487.8M572.6M763.1M500.9M
Short Term Investments1.2M13.1M9.1M31K23K21.9K
Liabilities And Stockholders Equity1.2B1.1B1.1B894.7M847.3M674.9M
Non Current Liabilities Total677.4M618.8M532.0M236.6M157.5M233.8M
Inventory24.4M28.3M37.8M16.9M13.7M12.3M
Other Current Assets47.3M40.8M18.2M16.8M27.7M23.4M
Other Stockholder Equity342.5M353.2M484.1M818.2M782.4M821.6M
Total Liab930.4M935.7M905.9M524.8M477.7M453.5M
Total Current Assets282.6M262.5M306.5M235.1M246.5M269.2M
Accumulated Other Comprehensive Income(2.5M)40.0M98.8M39.0M357.5M375.3M
Short Term Debt108.6M183.5M177.8M150.2M144.7M118.6M
Intangible Assets770.8M741.3M710.5M614.0M461.0M339.8M
Good Will7.2M5.4M105.1M101.9M117.2M58.8M
Other Liab190.2M182.2M178.9M78.0M89.7M140.6M
Net Tangible Assets(550.1M)(569.8M)(513.2M)(236.7M)(213.0M)(223.7M)
Long Term Debt422.1M374.4M299.9M140.0M73.5M69.8M
Net Invested Capital737.7M718.2M667.1M662.4M580.0M653.5M
Long Term Investments2.1M2.1M1.8M321K835K793.3K
Short Long Term Debt94.9M172.3M169.9M145.0M140.0M144.7M
Net Working Capital29.6M(54.4M)(67.4M)(53.1M)(73.7M)(70.0M)
Property Plant Equipment92.5M92.5M74.6M35.4M40.7M68.6M

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