IMCC Days Of Inventory On Hand vs Average Payables Analysis
IMCC Stock | USD 2.77 0.04 1.42% |
Im Cannabis financial indicator trend analysis is infinitely more than just investigating Im Cannabis Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Im Cannabis Corp is a good investment. Please check the relationship between Im Cannabis Days Of Inventory On Hand and its Average Payables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Days Of Inventory On Hand vs Average Payables
Days Of Inventory On Hand vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Im Cannabis Corp Days Of Inventory On Hand account and Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Im Cannabis' Days Of Inventory On Hand and Average Payables is -0.18. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Average Payables in the same time period over historical financial statements of Im Cannabis Corp, assuming nothing else is changed. The correlation between historical values of Im Cannabis' Days Of Inventory On Hand and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Im Cannabis Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Days Of Inventory On Hand i.e., Im Cannabis' Days Of Inventory On Hand and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Days Of Inventory On Hand
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from Im Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Im Cannabis Corp 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 Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. The current year's Sales General And Administrative To Revenue is expected to grow to 0.46, whereas Selling General Administrative is forecasted to decline to about 8.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 44.0M | 45.2M | 39.0M | 25.6M | Minority Interest | 755K | 2.4M | 2.0M | 1.6M |
Im Cannabis fundamental ratios Correlations
Click cells to compare fundamentals
Im Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Im Cannabis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 3.2M | 3.9M | 579.6K | 7.2M | 2.1M | 2.2M | |
Total Assets | 30.9M | 38.1M | 287.4M | 60.7M | 48.8M | 28.0M | |
Other Current Liab | 1.5M | 2.8M | 26.2M | 8.4M | 10.2M | 10.7M | |
Total Current Liabilities | 2.6M | 6.3M | 51.2M | 33.8M | 32.8M | 34.4M | |
Total Stockholder Equity | 24.7M | 11.1M | 201.2M | 22.7M | 14.5M | 19.5M | |
Property Plant And Equipment Net | 4.4M | 6.5M | 48.4M | 7.2M | 6.4M | 4.8M | |
Net Debt | (12.9M) | (7.9M) | 15.4M | 9.1M | 12.0M | 12.6M | |
Retained Earnings | (4.3M) | (33.0M) | (50.7M) | (238.9M) | (249.1M) | (236.7M) | |
Accounts Payable | 992K | 2.6M | 14.0M | 15.3M | 9.2M | 9.7M | |
Cash | 13.9M | 8.9M | 13.9M | 2.4M | 1.8M | 2.6M | |
Non Current Assets Total | 6.6M | 11.0M | 203.1M | 28.0M | 24.5M | 17.0M | |
Cash And Short Term Investments | 13.9M | 8.9M | 17.0M | 2.4M | 1.8M | 2.8M | |
Net Receivables | 2.1M | 5.7M | 31.2M | 10.5M | 11.3M | 11.9M | |
Liabilities And Stockholders Equity | 30.9M | 38.1M | 287.4M | 60.7M | 48.8M | 28.0M | |
Non Current Liabilities Total | 2.2M | 19.2M | 31.2M | 3.1M | 2.3M | 3.7M | |
Inventory | 5.5M | 8.4M | 31.1M | 16.6M | 10.0M | 7.8M | |
Other Current Assets | 52K | 4.1M | 2.7M | 3.1M | 1.1M | 735.8K | |
Other Stockholder Equity | 28.6M | (1.0) | (660K) | (660.0K) | 9.6M | 13.0M | |
Total Liab | 4.8M | 25.5M | 82.4M | 36.9M | 35.1M | 36.9M | |
Property Plant And Equipment Gross | 4.4M | 6.5M | 48.4M | 7.2M | 23.0M | 24.2M | |
Total Current Assets | 24.3M | 27.1M | 84.3M | 32.7M | 24.3M | 25.5M | |
Net Invested Capital | 24.7M | 11.1M | 211.1M | 32.3M | 27.0M | 45.2M | |
Net Working Capital | 21.7M | 20.9M | 33.1M | (1.1M) | (8.5M) | (8.1M) | |
Other Liab | 1.3M | 18.4M | 13.0M | 1.6M | 1.8M | 1.7M | |
Net Tangible Assets | 23.3M | 9.5M | 48.3M | 4.6M | 5.3M | 5.0M | |
Common Stock | 45K | 37.0M | 237.7M | 245.8M | 253.9M | 130.0M | |
Property Plant Equipment | 4.3M | 6.3M | 47.7M | 6.8M | 7.8M | 12.2M | |
Other Assets | 89K | 769K | 30K | 763K | 877.5K | 921.3K | |
Capital Stock | 45K | 37.0M | 237.7M | 245.8M | 253.9M | 146.9M | |
Intangible Assets | 889K | 1.1M | 30.9M | 7.9M | 5.8M | 8.5M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Im Cannabis Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Im Cannabis' 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 Im Cannabis Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Im Cannabis Corp Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Im Cannabis. If investors know IMCC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Im Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.08) | Revenue Per Share 22.335 | Quarterly Revenue Growth 0.117 | Return On Assets (0.17) | Return On Equity (1.12) |
The market value of Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' 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.