KDA Good Will vs Total Current Assets Analysis

KDA Stock

CAD 0.27 0.01 3.85%

KDA financial indicator trend analysis is infinitely more than just investigating KDA Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KDA Group is a good investment. Please check the relationship between KDA Good Will and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KDA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KDA Group Good Will account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between KDA's Good Will and Total Current Assets is 0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of KDA Group, assuming nothing else is changed. The correlation between historical values of KDA's Good Will and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of KDA Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., KDA's Good Will and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

Tax Provision is likely to climb to about 2.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	8.1M	161.1K	185.3K	176.0K
Total Revenue	28.8M	161.1K	185.3K	176.0K

Gross Profit Total Revenue

KDA fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Other Assets	Good Will	Other Stockholder Equity	Common Stock Shares Outstanding	Inventory	Net Invested Capital	Net Debt
Total Assets		0.21	0.73	0.35	-0.91	-0.76	0.86	0.54	0.59	0.69	0.27	0.75	0.67	0.89	0.93	0.78	0.79	0.59	0.27	0.55	0.55	0.62	0.62	-0.68	-0.3	-0.53
Other Current Liab	0.21		0.37	-0.13	-0.32	-0.3	0.09	0.12	-0.06	0.16	0.84	0.32	0.4	0.46	0.38	0.1	0.17	0.14	-0.14	0.0	0.25	0.22	0.04	-0.35	-0.4	-0.11
Total Current Liabilities	0.73	0.37		-0.31	-0.78	-0.52	0.83	-0.08	0.02	0.93	0.51	0.94	0.96	0.79	0.8	0.25	0.24	0.07	0.26	-0.04	0.89	0.12	0.02	-0.22	-0.37	-0.06
Total Stockholder Equity	0.35	-0.13	-0.31		-0.19	-0.12	0.13	0.9	0.74	-0.37	-0.37	-0.34	-0.32	0.15	0.21	0.83	0.66	0.81	-0.24	0.86	-0.54	0.47	0.66	-0.47	0.32	-0.39
Net Tangible Assets	-0.91	-0.32	-0.78	-0.19		0.68	-0.9	-0.41	-0.33	-0.74	-0.42	-0.79	-0.78	-0.88	-0.94	-0.61	-0.65	-0.46	-0.34	-0.33	-0.62	-0.38	-0.42	0.6	0.47	0.48
Retained Earnings	-0.76	-0.3	-0.52	-0.12	0.68		-0.5	-0.47	-0.49	-0.52	-0.33	-0.69	-0.38	-0.62	-0.63	-0.51	-0.82	-0.51	-0.32	-0.49	-0.46	-0.8	-0.74	0.89	0.71	0.84
Accounts Payable	0.86	0.09	0.83	0.13	-0.9	-0.5		0.23	0.26	0.82	0.21	0.78	0.84	0.81	0.91	0.55	0.49	0.31	0.3	0.23	0.7	0.24	0.24	-0.34	-0.24	-0.25
Cash	0.54	0.12	-0.08	0.9	-0.41	-0.47	0.23		0.78	-0.2	-0.1	-0.07	-0.15	0.35	0.38	0.89	0.87	0.96	-0.11	0.94	-0.37	0.66	0.84	-0.78	-0.05	-0.66
Long Term Debt	0.59	-0.06	0.02	0.74	-0.33	-0.49	0.26	0.78		0.0	-0.21	0.07	-0.09	0.32	0.37	0.86	0.79	0.75	-0.29	0.86	-0.16	0.77	0.77	-0.66	0.08	-0.51
Net Receivables	0.69	0.16	0.93	-0.37	-0.74	-0.52	0.82	-0.2	0.0		0.39	0.95	0.91	0.73	0.74	0.14	0.2	-0.1	0.42	-0.17	0.97	0.12	-0.01	-0.16	-0.41	-0.12
Other Current Assets	0.27	0.84	0.51	-0.37	-0.42	-0.33	0.21	-0.1	-0.21	0.39		0.55	0.6	0.59	0.48	-0.08	0.07	-0.12	0.26	-0.27	0.49	0.15	-0.12	-0.25	-0.58	-0.12
Total Liab	0.75	0.32	0.94	-0.34	-0.79	-0.69	0.78	-0.07	0.07	0.95	0.55		0.9	0.8	0.79	0.21	0.35	0.04	0.45	-0.05	0.93	0.3	0.14	-0.37	-0.58	-0.29
Short Long Term Debt	0.67	0.4	0.96	-0.32	-0.78	-0.38	0.84	-0.15	-0.09	0.91	0.6	0.9		0.81	0.82	0.18	0.15	-0.04	0.31	-0.17	0.88	0.01	-0.11	-0.12	-0.34	0.03
Total Current Assets	0.89	0.46	0.79	0.15	-0.88	-0.62	0.81	0.35	0.32	0.73	0.59	0.8	0.81		0.96	0.58	0.59	0.37	0.4	0.27	0.66	0.46	0.34	-0.51	-0.38	-0.37
Short Term Debt	0.93	0.38	0.8	0.21	-0.94	-0.63	0.91	0.38	0.37	0.74	0.48	0.79	0.82	0.96		0.64	0.63	0.4	0.3	0.32	0.66	0.47	0.4	-0.54	-0.33	-0.38
Intangible Assets	0.78	0.1	0.25	0.83	-0.61	-0.51	0.55	0.89	0.86	0.14	-0.08	0.21	0.18	0.58	0.64		0.87	0.9	-0.16	0.91	-0.05	0.66	0.76	-0.7	0.05	-0.5
Common Stock	0.79	0.17	0.24	0.66	-0.65	-0.82	0.49	0.87	0.79	0.2	0.07	0.35	0.15	0.59	0.63	0.87		0.85	0.13	0.85	0.06	0.86	0.92	-0.94	-0.37	-0.85
Property Plant Equipment	0.59	0.14	0.07	0.81	-0.46	-0.51	0.31	0.96	0.75	-0.1	-0.12	0.04	-0.04	0.37	0.4	0.9	0.85		-0.18	0.96	-0.29	0.59	0.82	-0.76	-0.04	-0.58
Other Liab	0.27	-0.14	0.26	-0.24	-0.34	-0.32	0.3	-0.11	-0.29	0.42	0.26	0.45	0.31	0.4	0.3	-0.16	0.13	-0.18		-0.25	0.45	0.07	0.04	-0.12	-0.53	-0.39
Other Assets	0.55	0.0	-0.04	0.86	-0.33	-0.49	0.23	0.94	0.86	-0.17	-0.27	-0.05	-0.17	0.27	0.32	0.91	0.85	0.96	-0.25		-0.34	0.7	0.86	-0.73	0.07	-0.58
Good Will	0.55	0.25	0.89	-0.54	-0.62	-0.46	0.7	-0.37	-0.16	0.97	0.49	0.93	0.88	0.66	0.66	-0.05	0.06	-0.29	0.45	-0.34		0.08	-0.14	-0.07	-0.46	-0.06
Other Stockholder Equity	0.62	0.22	0.12	0.47	-0.38	-0.8	0.24	0.66	0.77	0.12	0.15	0.3	0.01	0.46	0.47	0.66	0.86	0.59	0.07	0.7	0.08		0.85	-0.86	-0.36	-0.79
Common Stock Shares Outstanding	0.62	0.04	0.02	0.66	-0.42	-0.74	0.24	0.84	0.77	-0.01	-0.12	0.14	-0.11	0.34	0.4	0.76	0.92	0.82	0.04	0.86	-0.14	0.85		-0.89	-0.21	-0.81
Inventory	-0.68	-0.35	-0.22	-0.47	0.6	0.89	-0.34	-0.78	-0.66	-0.16	-0.25	-0.37	-0.12	-0.51	-0.54	-0.7	-0.94	-0.76	-0.12	-0.73	-0.07	-0.86	-0.89		0.57	0.91
Net Invested Capital	-0.3	-0.4	-0.37	0.32	0.47	0.71	-0.24	-0.05	0.08	-0.41	-0.58	-0.58	-0.34	-0.38	-0.33	0.05	-0.37	-0.04	-0.53	0.07	-0.46	-0.36	-0.21	0.57		0.68
Net Debt	-0.53	-0.11	-0.06	-0.39	0.48	0.84	-0.25	-0.66	-0.51	-0.12	-0.12	-0.29	0.03	-0.37	-0.38	-0.5	-0.85	-0.58	-0.39	-0.58	-0.06	-0.79	-0.81	0.91	0.68

Click cells to compare fundamentals

KDA Account Relationship Matchups

KDA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.9M	22.2M	28.7M	21.8M	25.1M	19.6M
Other Current Liab	3.5M	1.7M	1.3M	1.8M	2.0M	2.0M
Total Current Liabilities	10.0M	7.8M	22.4M	4.1M	4.7M	4.5M
Total Stockholder Equity	(3.0M)	3.9M	(202.9K)	16.5M	19.0M	19.9M
Net Tangible Assets	(15.1M)	(11.0M)	(7.8M)	(11.6M)	(10.4M)	(11.0M)
Retained Earnings	(28.6M)	(28.0M)	(32.6M)	(16.8M)	(15.2M)	(15.9M)
Accounts Payable	1.7M	2.1M	2.7M	1.8M	2.0M	2.3M
Cash	1.8M	1.7M	2.7M	4.6M	5.3M	5.6M
Long Term Debt	472.5K	530.1K	5.9M	4.6M	5.3M	5.5M
Net Receivables	3.7M	3.7M	5.0M	458.8K	527.7K	501.3K
Total Liab	23.6M	18.3M	28.9M	5.3M	6.1M	5.8M
Short Long Term Debt	5.4M	2.7M	8.2M	1.6M	1.8M	1.8M
Total Current Assets	9.8M	5.8M	7.9M	6.7M	7.7M	7.4M
Intangible Assets	2.0M	7.8M	10.2M	12.1M	13.9M	14.6M
Common Stock	18.4M	25.1M	29.8M	29.9M	34.4M	36.1M
Property Plant Equipment	605.5K	419.8K	344.0K	1.9M	2.2M	2.3M
Other Liab	519.0K	3.2M	335.8K	274.3K	315.4K	299.6K
Other Assets	283.5K	986.5K	4.3M	7.5M	8.6M	9.0M
Other Stockholder Equity	(1.2M)	(386.5K)	502.3K	(370.4K)	(425.9K)	(447.2K)
Common Stock Shares Outstanding	118.4M	147.4M	148.1M	160.0M	184.0M	117.2M
Net Invested Capital	2.9M	12.5M	12.6M	18.1M	20.8M	12.6M
Net Debt	8.0M	4.1M	6.9M	10.1M	9.1M	7.2M
Non Current Assets Total	13.6M	16.4M	20.8M	15.2M	17.4M	16.8M
Non Current Liabilities Total	13.0M	10.5M	6.4M	1.2M	1.1M	1.0M
Capital Stock	25.1M	29.8M	29.9M	30.3M	34.8M	29.4M
Net Working Capital	(4.3M)	(1.9M)	(14.6M)	2.6M	2.9M	3.1M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for KDA Stock Analysis

When running KDA's price analysis, check to measure KDA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy KDA is operating at the current time. Most of KDA's value examination focuses on studying past and present price action to predict the probability of KDA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KDA's price. Additionally, you may evaluate how the addition of KDA to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC