Numinus Average Payables vs Inventory Turnover Analysis

NUMI Stock   0.04  0.01  10.00%   
Numinus Wellness financial indicator trend analysis is infinitely more than just investigating Numinus Wellness recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Numinus Wellness is a good investment. Please check the relationship between Numinus Wellness Average Payables and its Inventory Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. 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.

Average Payables vs Inventory Turnover

Average Payables vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Numinus Wellness Average Payables account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Numinus Wellness' Average Payables and Inventory Turnover is 0.61. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Numinus Wellness, assuming nothing else is changed. The correlation between historical values of Numinus Wellness' Average Payables and Inventory 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 Average Payables of Numinus Wellness are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Average Payables i.e., Numinus Wellness' Average Payables and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Numinus Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Numinus Wellness 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 Numinus Wellness. 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.
At this time, Numinus Wellness' Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Sales General And Administrative To Revenue is likely to drop 1.44.
 2021 2022 2023 2024 (projected)
Interest Expense557.8K759.7K873.6K917.3K
Depreciation And Amortization1.5M2.8M3.3M3.4M

Numinus Wellness fundamental ratios Correlations

0.280.640.980.65-0.86-0.630.950.650.950.540.710.840.650.970.770.60.60.940.710.660.40.64-0.7-0.450.61
0.280.580.20.54-0.03-0.420.130.520.130.450.410.370.50.160.370.530.410.30.740.60.570.42-0.73-0.390.42
0.640.580.520.99-0.19-0.960.420.970.420.970.970.910.990.480.940.980.960.730.920.940.890.96-0.87-0.290.96
0.980.20.520.53-0.93-0.50.990.530.990.420.610.760.521.00.680.480.480.90.620.520.260.51-0.62-0.430.49
0.650.540.990.53-0.19-0.970.431.00.430.970.960.931.00.480.950.990.980.720.880.930.920.99-0.82-0.350.98
-0.86-0.03-0.19-0.93-0.190.17-0.97-0.19-0.97-0.08-0.3-0.49-0.19-0.95-0.38-0.14-0.14-0.73-0.37-0.220.09-0.170.40.34-0.14
-0.63-0.42-0.96-0.5-0.970.17-0.4-0.95-0.4-0.98-0.97-0.93-0.97-0.46-0.96-0.97-0.98-0.76-0.81-0.91-0.89-0.970.750.36-0.98
0.950.130.420.990.43-0.97-0.40.421.00.320.520.690.421.00.60.380.380.850.540.410.150.41-0.55-0.410.38
0.650.520.970.531.0-0.19-0.950.420.420.950.940.920.990.470.930.980.980.710.850.910.920.99-0.79-0.360.98
0.950.130.420.990.43-0.97-0.41.00.420.320.520.690.421.00.60.380.380.850.540.410.150.41-0.55-0.410.38
0.540.450.970.420.97-0.08-0.980.320.950.320.970.890.980.380.950.980.970.690.820.890.910.96-0.77-0.280.97
0.710.410.970.610.96-0.3-0.970.520.940.520.970.960.970.570.990.960.960.820.850.890.840.95-0.81-0.340.96
0.840.370.910.760.93-0.49-0.930.690.920.690.890.960.940.730.990.920.930.90.820.840.790.94-0.77-0.470.93
0.650.50.990.521.0-0.19-0.970.420.990.420.980.970.940.480.960.990.990.730.860.920.920.99-0.8-0.340.99
0.970.160.481.00.48-0.95-0.461.00.471.00.380.570.730.480.640.430.430.880.580.470.210.46-0.59-0.420.44
0.770.370.940.680.95-0.38-0.960.60.930.60.950.990.990.960.640.950.950.860.820.870.820.95-0.77-0.410.95
0.60.530.980.480.99-0.14-0.970.380.980.380.980.960.920.990.430.950.980.70.850.910.930.98-0.79-0.350.98
0.60.410.960.480.98-0.14-0.980.380.980.380.970.960.930.990.430.950.980.70.780.880.941.0-0.71-0.371.0
0.940.30.730.90.72-0.73-0.760.850.710.850.690.820.90.730.880.860.70.70.740.760.510.72-0.72-0.50.71
0.710.740.920.620.88-0.37-0.810.540.850.540.820.850.820.860.580.820.850.780.740.910.70.79-0.99-0.250.79
0.660.60.940.520.93-0.22-0.910.410.910.410.890.890.840.920.470.870.910.880.760.910.790.88-0.89-0.230.88
0.40.570.890.260.920.09-0.890.150.920.150.910.840.790.920.210.820.930.940.510.70.790.93-0.62-0.490.94
0.640.420.960.510.99-0.17-0.970.410.990.410.960.950.940.990.460.950.981.00.720.790.880.93-0.72-0.371.0
-0.7-0.73-0.87-0.62-0.820.40.75-0.55-0.79-0.55-0.77-0.81-0.77-0.8-0.59-0.77-0.79-0.71-0.72-0.99-0.89-0.62-0.720.17-0.72
-0.45-0.39-0.29-0.43-0.350.340.36-0.41-0.36-0.41-0.28-0.34-0.47-0.34-0.42-0.41-0.35-0.37-0.5-0.25-0.23-0.49-0.370.17-0.38
0.610.420.960.490.98-0.14-0.980.380.980.380.970.960.930.990.440.950.981.00.710.790.880.941.0-0.72-0.38
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Numinus Wellness Account Relationship Matchups

Numinus Wellness fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.1M64.1M52.6M24.3M28.0M20.6M
Other Current Liab334.0K172.0K150K196.3K225.7K190.2K
Total Current Liabilities2.0M1.9M4.6M4.6M5.3M5.6M
Total Stockholder Equity2.8M60.8M41.2M14.0M16.2M16.6M
Property Plant And Equipment Net2.4M3.1M11.4M9.8M11.3M11.8M
Net Debt(1.2M)(57.7M)(25.2M)(1.4M)(1.2M)(1.3M)
Retained Earnings(23.0M)(41.7M)(86.6M)(116.9M)(105.2M)(99.9M)
Cash1.6M59.3M33.0M8.6M9.9M14.1M
Non Current Assets Total2.5M3.2M16.5M12.3M14.1M14.8M
Non Currrent Assets Other13.9K24.7K237.9K406.1K467.0K490.3K
Cash And Short Term Investments1.6M59.3M33.0M8.6M9.9M14.2M
Net Receivables541.5K515.8K1.6M2.3M2.6M2.8M
Common Stock Shares Outstanding63.8M164.9M216.6M263.6M303.2M318.3M
Liabilities And Stockholders Equity5.1M64.1M52.6M24.3M28.0M20.6M
Other Current Assets85.1K1.2M1.5M1.2M1.4M1.4M
Total Liab2.3M3.3M11.4M10.3M11.8M12.4M
Total Current Assets2.7M61.0M36.1M12.1M13.9M15.5M
Accumulated Other Comprehensive Income6.8M13.2M17.5M18.6M21.4M22.5M
Short Term Debt105.9K404.1K1.4M1.6M1.8M1.9M
Common Stock18.9M88.9M109.2M112.3M129.1M135.6M
Property Plant Equipment2.6M2.4M3.1M11.4M13.1M13.7M
Short Long Term Debt Total421.6K1.6M7.9M7.2M8.3M8.7M
Net Tangible Assets1.4M2.8M60.8M38.7M44.5M23.2M
Accounts Payable1.7M1.3M2.7M2.9M3.3M1.9M
Other Assets144.9K13.9K24.7K237.9K273.6K287.3K
Non Current Liabilities Total315.7K1.4M6.8M5.6M6.5M6.8M
Other Stockholder Equity200K6.8M499.6K1.1M978.9K1.8M
Capital Lease Obligations381.6K1.6M7.6M7.0M8.0M8.4M
Net Invested Capital2.8M60.8M41.5M14.3M16.4M26.6M
Capital Stock18.9M88.9M109.2M112.3M129.1M73.5M
Net Working Capital663.7K59.1M31.5M7.4M8.5M8.1M

Other Information on Investing in Numinus Stock

Balance Sheet is a snapshot of the financial position of Numinus Wellness at a specified time, usually calculated after every quarter, six months, or one year. Numinus Wellness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Numinus Wellness and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Numinus currently owns. An asset can also be divided into two categories, current and non-current.