Nanalysis Total Current Assets vs Accounts Payable Analysis

NSCI Stock  CAD 0.31  0.01  3.33%   
Nanalysis Scientific financial indicator trend analysis is infinitely more than just investigating Nanalysis Scientific Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanalysis Scientific Corp is a good investment. Please check the relationship between Nanalysis Scientific Total Current Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nanalysis Scientific 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 gross domestic product.

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanalysis Scientific Corp Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nanalysis Scientific's Total Current Assets and Accounts Payable is 0.95. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Nanalysis Scientific Corp, assuming nothing else is changed. The correlation between historical values of Nanalysis Scientific's Total Current Assets and Accounts Payable 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 Assets of Nanalysis Scientific Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., Nanalysis Scientific's Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Accounts Payable

An accounting item on the balance sheet that represents Nanalysis Scientific 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 Nanalysis Scientific Corp 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.
Most indicators from Nanalysis Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanalysis Scientific 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nanalysis Scientific 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 gross domestic product.
Selling General Administrative is likely to drop to about 8 M in 2024. Tax Provision is likely to drop to about (11.6 K) in 2024
 2021 2022 2023 2024 (projected)
Gross Profit10.2M10.5M4.0M6.8M
Total Revenue16.0M24.8M28.5M14.7M

Nanalysis Scientific fundamental ratios Correlations

0.320.890.980.88-0.750.970.410.860.620.880.98-0.170.840.860.730.95-0.70.980.880.920.890.610.980.930.77
0.320.20.420.38-0.010.40.660.52-0.010.110.3-0.510.140.52-0.080.45-0.540.470.380.530.350.030.190.120.05
0.890.20.840.93-0.950.90.220.930.890.850.89-0.150.990.920.940.85-0.560.850.950.810.970.860.910.960.96
0.980.420.840.91-0.680.930.580.880.560.840.92-0.240.780.880.650.98-0.770.980.90.940.880.570.920.860.71
0.880.380.930.91-0.850.860.50.970.80.850.81-0.330.910.970.830.92-0.750.871.00.910.970.830.830.880.89
-0.75-0.01-0.95-0.68-0.85-0.75-0.01-0.84-0.98-0.8-0.750.16-0.98-0.83-0.99-0.680.46-0.67-0.87-0.69-0.89-0.96-0.8-0.91-1.0
0.970.40.90.930.86-0.750.420.880.640.870.97-0.080.840.880.730.95-0.650.940.880.920.910.610.940.930.77
0.410.660.220.580.5-0.010.420.45-0.040.290.3-0.370.150.450.00.65-0.570.490.470.590.420.040.230.20.08
0.860.520.930.880.97-0.840.880.450.80.780.83-0.390.911.00.790.89-0.740.880.980.910.970.810.820.850.87
0.62-0.010.890.560.8-0.980.64-0.040.80.730.62-0.190.940.790.960.58-0.40.550.830.610.840.990.670.820.98
0.880.110.850.840.85-0.80.870.290.780.730.840.070.830.780.80.86-0.670.80.840.870.840.720.850.930.81
0.980.30.890.920.81-0.750.970.30.830.620.84-0.120.830.830.730.9-0.620.950.830.870.870.590.980.940.76
-0.17-0.51-0.15-0.24-0.330.16-0.08-0.37-0.39-0.190.07-0.12-0.17-0.39-0.04-0.210.38-0.26-0.32-0.33-0.23-0.29-0.13-0.07-0.17
0.840.140.990.780.91-0.980.840.150.910.940.830.83-0.170.910.970.79-0.530.780.940.770.960.920.860.940.99
0.860.520.920.880.97-0.830.880.451.00.790.780.83-0.390.910.790.89-0.740.880.980.910.960.810.820.850.87
0.73-0.080.940.650.83-0.990.730.00.790.960.80.73-0.040.970.790.67-0.380.640.850.640.880.940.780.90.99
0.950.450.850.980.92-0.680.950.650.890.580.860.9-0.210.790.890.67-0.750.940.920.950.910.60.870.860.72
-0.7-0.54-0.56-0.77-0.750.46-0.65-0.57-0.74-0.4-0.67-0.620.38-0.53-0.74-0.38-0.75-0.77-0.72-0.85-0.65-0.46-0.6-0.58-0.49
0.980.470.850.980.87-0.670.940.490.880.550.80.95-0.260.780.880.640.94-0.770.870.920.870.550.940.860.7
0.880.380.950.91.0-0.870.880.470.980.830.840.83-0.320.940.980.850.92-0.720.870.90.990.850.840.90.91
0.920.530.810.940.91-0.690.920.590.910.610.870.87-0.330.770.910.640.95-0.850.920.90.880.640.840.850.72
0.890.350.970.880.97-0.890.910.420.970.840.840.87-0.230.960.960.880.91-0.650.870.990.880.830.860.920.92
0.610.030.860.570.83-0.960.610.040.810.990.720.59-0.290.920.810.940.6-0.460.550.850.640.830.640.80.96
0.980.190.910.920.83-0.80.940.230.820.670.850.98-0.130.860.820.780.87-0.60.940.840.840.860.640.950.8
0.930.120.960.860.88-0.910.930.20.850.820.930.94-0.070.940.850.90.86-0.580.860.90.850.920.80.950.91
0.770.050.960.710.89-1.00.770.080.870.980.810.76-0.170.990.870.990.72-0.490.70.910.720.920.960.80.91
Click cells to compare fundamentals

Nanalysis Scientific Account Relationship Matchups

Nanalysis Scientific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.3M24.0M37.8M69.9M53.8M31.5M
Other Current Liab705K2.6M2.0M810K428K406.6K
Total Current Liabilities1.6M5.6M8.6M13.5M14.6M15.3M
Total Stockholder Equity15.1M14.3M24.0M35.1M23.5M17.8M
Net Tangible Assets7.9M14.5M13.8M22.0M25.2M26.5M
Retained Earnings(4.2M)(7.9M)(9.7M)(18.8M)(35.0M)(33.2M)
Accounts Payable678K2.6M4.4M5.8M5.1M3.0M
Cash6.6M3.2M10.4M3.5M759K721.1K
Other Assets3.8M5.9M12.1M12.5M14.4M15.1M
Long Term Debt1.0M2.8M2.7M3.8M12.6M13.2M
Net Receivables2.6M1.8M5.0M6.1M8.3M4.4M
Inventory857K2.8M3.7M7.4M5.8M3.2M
Other Stockholder Equity817.7K997.1K215K714K642.6K553.5K
Total Liab3.2M9.6M13.8M22.3M30.3M31.9M
Deferred Long Term Liab3.8M5.9M12.1M12.5M14.4M15.1M
Short Long Term Debt116K209K1.9M3.7M6.5M6.8M
Total Current Assets10.2M9.4M20.8M22.0M17.9M12.8M
Intangible Assets6.5M12.7M14.1M26.6M15.9M11.1M
Common Stock10.0M18.3M20.7M31.3M36.0M37.8M
Property Plant Equipment1.1M1.6M2.0M2.5M2.9M1.6M
Non Current Assets Total8.1M14.6M17.0M47.9M35.9M23.7M
Common Stock Shares Outstanding62.4M66.0M77.2M94.4M101.9M85.0M
Non Current Liabilities Total1.6M3.3M5.2M8.8M15.7M16.5M
Capital Lease Obligations371K752K1.3M3.3M2.9M1.6M
Net Invested Capital16.3M17.4M28.6M42.6M42.5M28.7M
Capital Stock18.3M20.7M31.3M49.0M53.2M33.4M
Net Working Capital8.5M3.0M12.1M8.4M3.3M3.2M

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