Payfare Inventory vs Net Receivables Analysis

PAY Stock

CAD 2.24 0.03 1.36%

Payfare financial indicator trend analysis is much more than just breaking down Payfare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Payfare is a good investment. Please check the relationship between Payfare Inventory and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Payfare Inventory account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Payfare's Inventory and Net Receivables is 0.32. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Payfare, assuming nothing else is changed. The correlation between historical values of Payfare's Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Payfare are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., Payfare's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Net Receivables

Most indicators from Payfare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Payfare 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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, Payfare's Discontinued Operations is very stable compared to the past year. As of the 12th of December 2024, Selling General Administrative is likely to grow to about 11.4 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	19.7M	18.8M	14.3M	12.5M
Cost Of Revenue	42.4M	114.8M	160.0M	168.0M

Total Operating Expenses Cost Of Revenue

Payfare fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue	Net Debt	Non Current Assets Total
Total Assets		1.0	1.0	0.97	-0.31	0.98	-0.82	0.97	0.99	0.55	-0.48	0.37	-0.47	0.99	0.66	1.0	0.87	1.0	-0.41	0.53	0.95	-0.29	-0.31	0.17	-0.97	0.91
Other Current Liab	1.0		1.0	0.95	-0.36	0.97	-0.82	0.96	0.97	0.56	-0.49	0.35	-0.51	1.0	0.69	1.0	0.88	1.0	-0.39	0.46	0.94	-0.31	-0.28	0.16	-0.96	0.89
Total Current Liabilities	1.0	1.0		0.94	-0.37	0.96	-0.83	0.97	0.98	0.57	-0.52	0.34	-0.53	0.99	0.71	1.0	0.9	1.0	-0.35	0.47	0.93	-0.35	-0.23	0.14	-0.96	0.92
Total Stockholder Equity	0.97	0.95	0.94		-0.14	0.98	-0.75	0.93	0.97	0.46	-0.34	0.45	-0.28	0.93	0.47	0.94	0.74	0.96	-0.61	0.66	0.94	-0.08	-0.53	0.24	-0.99	0.86
Other Liab	-0.31	-0.36	-0.37	-0.14		-0.29	0.13	-0.35	-0.28	-0.04	0.24	0.28	0.84	-0.38	-0.65	-0.36	-0.35	-0.35	-0.15	0.5	-0.12	0.71	-0.35	0.21	0.24	-0.38
Net Tangible Assets	0.98	0.97	0.96	0.98	-0.29		-0.76	0.94	0.95	0.48	-0.41	0.38	-0.42	0.97	0.58	0.96	0.78	0.97	-0.56	0.5	0.93	-0.17	-0.46	0.19	-0.97	0.86
Retained Earnings	-0.82	-0.82	-0.83	-0.75	0.13	-0.76		-0.78	-0.75	-0.75	0.46	-0.36	0.22	-0.84	-0.66	-0.83	-0.9	-0.81	0.17	-0.49	-0.93	0.24	0.11	-0.14	0.72	-0.7
Accounts Payable	0.97	0.96	0.97	0.93	-0.35	0.94	-0.78		0.97	0.5	-0.51	0.32	-0.51	0.95	0.7	0.97	0.85	0.97	-0.35	0.54	0.9	-0.39	-0.24	0.15	-0.95	0.97
Cash	0.99	0.97	0.98	0.97	-0.28	0.95	-0.75	0.97		0.48	-0.43	0.37	-0.44	0.95	0.59	0.98	0.83	0.98	-0.44	0.6	0.91	-0.28	-0.34	0.21	-0.99	0.93
Other Assets	0.55	0.56	0.57	0.46	-0.04	0.48	-0.75	0.5	0.48		-0.51	0.33	-0.27	0.59	0.71	0.57	0.77	0.55	0.07	0.29	0.63	-0.09	0.08	-0.19	-0.45	0.47
Long Term Debt	-0.48	-0.49	-0.52	-0.34	0.24	-0.41	0.46	-0.51	-0.43	-0.51		-0.36	0.64	-0.51	-0.7	-0.52	-0.61	-0.49	-0.4	-0.04	-0.4	0.57	-0.41	0.25	0.34	-0.52
Net Receivables	0.37	0.35	0.34	0.45	0.28	0.38	-0.36	0.32	0.37	0.33	-0.36		0.14	0.32	0.12	0.34	0.17	0.35	-0.24	0.51	0.43	0.15	-0.28	-0.19	-0.39	0.27
Good Will	-0.47	-0.51	-0.53	-0.28	0.84	-0.42	0.22	-0.51	-0.44	-0.27	0.64	0.14		-0.53	-0.8	-0.52	-0.54	-0.51	-0.27	0.37	-0.23	0.75	-0.42	0.25	0.37	-0.55
Inventory	0.99	1.0	0.99	0.93	-0.38	0.97	-0.84	0.95	0.95	0.59	-0.51	0.32	-0.53		0.72	0.99	0.9	0.99	-0.38	0.42	0.94	-0.32	-0.26	0.14	-0.94	0.88
Other Stockholder Equity	0.66	0.69	0.71	0.47	-0.65	0.58	-0.66	0.7	0.59	0.71	-0.7	0.12	-0.8	0.72		0.71	0.83	0.68	0.24	-0.04	0.57	-0.69	0.38	-0.26	-0.52	0.71
Total Liab	1.0	1.0	1.0	0.94	-0.36	0.96	-0.83	0.97	0.98	0.57	-0.52	0.34	-0.52	0.99	0.71		0.9	1.0	-0.35	0.48	0.94	-0.35	-0.24	0.15	-0.96	0.92
Short Long Term Debt	0.87	0.88	0.9	0.74	-0.35	0.78	-0.9	0.85	0.83	0.77	-0.61	0.17	-0.54	0.9	0.83	0.9		0.88	-0.01	0.35	0.86	-0.44	0.08	0.05	-0.76	0.81
Total Current Assets	1.0	1.0	1.0	0.96	-0.35	0.97	-0.81	0.97	0.98	0.55	-0.49	0.35	-0.51	0.99	0.68	1.0	0.88		-0.39	0.49	0.93	-0.32	-0.28	0.15	-0.97	0.91
Short Term Debt	-0.41	-0.39	-0.35	-0.61	-0.15	-0.56	0.17	-0.35	-0.44	0.07	-0.4	-0.24	-0.27	-0.38	0.24	-0.35	-0.01	-0.39		-0.48	-0.44	-0.55	0.97	-0.34	0.56	-0.25
Intangible Assets	0.53	0.46	0.47	0.66	0.5	0.5	-0.49	0.54	0.6	0.29	-0.04	0.51	0.37	0.42	-0.04	0.48	0.35	0.49	-0.48		0.62	0.27	-0.54	0.3	-0.62	0.54
Common Stock	0.95	0.94	0.93	0.94	-0.12	0.93	-0.93	0.9	0.91	0.63	-0.4	0.43	-0.23	0.94	0.57	0.94	0.86	0.93	-0.44	0.62		-0.13	-0.38	0.23	-0.91	0.81
Property Plant Equipment	-0.29	-0.31	-0.35	-0.08	0.71	-0.17	0.24	-0.39	-0.28	-0.09	0.57	0.15	0.75	-0.32	-0.69	-0.35	-0.44	-0.32	-0.55	0.27	-0.13		-0.68	0.01	0.17	-0.44
Short Long Term Debt Total	-0.31	-0.28	-0.23	-0.53	-0.35	-0.46	0.11	-0.24	-0.34	0.08	-0.41	-0.28	-0.42	-0.26	0.38	-0.24	0.08	-0.28	0.97	-0.54	-0.38	-0.68		-0.37	0.47	-0.14
Current Deferred Revenue	0.17	0.16	0.14	0.24	0.21	0.19	-0.14	0.15	0.21	-0.19	0.25	-0.19	0.25	0.14	-0.26	0.15	0.05	0.15	-0.34	0.3	0.23	0.01	-0.37		-0.25	0.04
Net Debt	-0.97	-0.96	-0.96	-0.99	0.24	-0.97	0.72	-0.95	-0.99	-0.45	0.34	-0.39	0.37	-0.94	-0.52	-0.96	-0.76	-0.97	0.56	-0.62	-0.91	0.17	0.47	-0.25		-0.89
Non Current Assets Total	0.91	0.89	0.92	0.86	-0.38	0.86	-0.7	0.97	0.93	0.47	-0.52	0.27	-0.55	0.88	0.71	0.92	0.81	0.91	-0.25	0.54	0.81	-0.44	-0.14	0.04	-0.89

Click cells to compare fundamentals

Payfare Account Relationship Matchups

Payfare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	36.0M	31.7M	224.3M	217.1M	301.6M	316.7M
Other Current Liab	21.9M	22.5M	176.2M	148.7M	207.6M	218.0M
Total Current Liabilities	34.0M	43.9M	176.4M	167.4M	230.4M	241.9M
Total Stockholder Equity	2.0M	(12.2M)	47.9M	49.6M	71.2M	74.8M
Net Tangible Assets	686.4K	(13.2M)	46.8M	46.3M	53.2M	55.9M
Retained Earnings	(53.7M)	(80.0M)	(101.4M)	(104.3M)	(92.3M)	(96.9M)
Accounts Payable	3.2M	3.3M	11.4M	20.0M	22.8M	24.0M
Cash	949.0K	1.6M	40.9M	42.6M	78.2M	82.1M
Net Receivables	4.8M	1.4M	5.1M	3.1M	6.2M	4.1M
Inventory	28.5M	27.4M	175.1M	161.8M	186.0M	195.3M
Other Stockholder Equity	13.7M	15.3M	12.6M	17.1M	18.5M	9.4M
Total Liab	34.0M	43.9M	176.4M	167.4M	230.4M	241.9M
Short Long Term Debt	9K	6.9K	8.8M	17.9M	20.6M	21.6M
Total Current Assets	34.5M	30.6M	223.0M	211.8M	295.1M	309.8M
Short Term Debt	8.9M	17.9M	59.2K	35.7K	41.1K	39.1K
Intangible Assets	1.3M	1.1M	1.1M	3.3M	5.6M	5.9M
Common Stock	42.0M	52.6M	136.7M	136.9M	145.1M	152.4M
Property Plant Equipment	224.6K	49.2K	218.0K	161.4K	145.3K	151.0K
Short Long Term Debt Total	8.9M	17.9M	94.0K	35.7K	32.2K	30.6K
Current Deferred Revenue	(25.1M)	178.3K	120.6K	9.4K	10.8K	11.3K
Net Debt	8.0M	16.3M	(40.9M)	(42.6M)	(78.2M)	(74.2M)
Non Current Assets Total	1.5M	1.1M	1.3M	5.3M	6.6M	6.9M
Cash And Short Term Investments	949.0K	1.6M	40.9M	42.6M	78.2M	82.1M
Liabilities And Stockholders Equity	36.0M	31.7M	224.3M	217.1M	301.6M	316.7M
Capital Surpluse	7.0M	6.5M	13.7M	15.2M	17.5M	9.7M
Other Current Assets	28.7M	27.6M	176.9M	152.6M	210.8M	221.3M
Accumulated Other Comprehensive Income	(39.8K)	(37.9K)	(30.6K)	(79.8K)	(66.1K)	(62.8K)
Property Plant And Equipment Net	224.6K	49.2K	218.0K	161.4K	111.0K	152.1K
Net Invested Capital	10.7M	5.7M	47.9M	49.6M	71.2M	74.8M
Net Working Capital	461.7K	(13.3M)	46.6M	44.4M	64.7M	67.9M

Pair Trading with Payfare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Payfare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Payfare will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Payfare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Payfare to buy it.

The correlation of Payfare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Payfare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Payfare Stock

Balance Sheet is a snapshot of the financial position of Payfare at a specified time, usually calculated after every quarter, six months, or one year. Payfare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Payfare 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 Payfare currently owns. An asset can also be divided into two categories, current and non-current.

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Payfare Inventory vs Net Receivables Analysis

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

Correlation Coefficient

Inventory

Net Receivables

Payfare fundamental ratios Correlations

Payfare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Payfare fundamental ratios Accounts

Pair Trading with Payfare

Other Information on Investing in Payfare Stock

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Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Inventory	+ 1.0	Other Current Liab

Net Debt	- 0.99	Cash
Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.97	Total Current Assets
Net Debt	- 0.97	Net Tangible Assets
Net Debt	- 0.97	Total Assets
Net Debt	- 0.96	Total Liab