Prakash Inventory vs Net Receivables Analysis

PRAKASHSTL   8.04  0.36  4.29%   
Prakash Steelage financial indicator trend analysis is much more than just breaking down Prakash Steelage prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prakash Steelage is a good investment. Please check the relationship between Prakash Steelage Inventory and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prakash Steelage Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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 Prakash Steelage Inventory account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
InventoryNet ReceivablesDiversified AwayInventoryNet ReceivablesDiversified Away100%
The correlation between Prakash Steelage's Inventory and Net Receivables is 0.74. 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 Prakash Steelage Limited, assuming nothing else is changed. The correlation between historical values of Prakash Steelage'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 Prakash Steelage Limited 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., Prakash Steelage's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Net Receivables

Most indicators from Prakash Steelage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prakash Steelage 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 Prakash Steelage Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The Prakash Steelage's current Selling General Administrative is estimated to increase to about 65 M. The Prakash Steelage's current Tax Provision is estimated to increase to about 4.4 M
 2021 2022 2023 2024 (projected)
Total Operating Expenses72.8M116.3M36.5M34.7M
Cost Of Revenue327.5M817.7M910.4M864.9M

Prakash Steelage fundamental ratios Correlations

0.490.840.720.820.880.440.450.880.820.940.820.95-0.060.450.910.50.470.81.00.34-0.150.790.740.570.83
0.490.230.89-0.070.440.271.00.540.340.490.330.52-0.020.190.37-0.180.650.890.490.93-0.2-0.090.210.440.0
0.840.230.530.810.810.090.180.670.840.840.840.720.20.140.840.660.380.540.820.20.140.750.620.360.77
0.720.890.530.220.590.140.870.810.470.660.460.710.210.080.650.150.810.970.730.860.040.150.380.50.23
0.82-0.070.810.220.740.37-0.130.580.770.770.770.75-0.10.410.770.670.070.30.81-0.21-0.080.990.70.350.97
0.880.440.810.590.740.460.380.740.950.980.950.73-0.270.490.920.570.240.680.860.24-0.340.760.550.260.81
0.440.270.090.140.370.460.250.290.380.430.370.49-0.790.860.260.05-0.220.340.43-0.06-0.810.470.40.30.53
0.451.00.180.87-0.130.380.250.510.280.430.270.490.00.170.32-0.220.650.870.450.94-0.18-0.150.180.44-0.06
0.880.540.670.810.580.740.290.510.590.790.580.820.040.320.870.440.60.850.890.42-0.070.540.580.490.58
0.820.340.840.470.770.950.380.280.590.941.00.66-0.210.430.860.60.170.550.790.17-0.270.780.540.220.81
0.940.490.840.660.770.980.430.430.790.940.940.81-0.20.490.930.540.340.740.910.3-0.280.770.650.420.82
0.820.330.840.460.770.950.370.270.581.00.940.65-0.210.430.860.610.160.550.790.16-0.270.780.540.210.82
0.950.520.720.710.750.730.490.490.820.660.810.65-0.050.470.740.310.480.790.960.38-0.140.720.780.720.76
-0.06-0.020.20.21-0.1-0.27-0.790.00.04-0.21-0.2-0.21-0.05-0.84-0.010.140.60.0-0.040.320.93-0.26-0.11-0.03-0.3
0.450.190.140.080.410.490.860.170.320.430.490.430.47-0.840.32-0.03-0.280.320.44-0.17-0.830.530.510.460.57
0.910.370.840.650.770.920.260.320.870.860.930.860.74-0.010.320.690.440.690.90.24-0.070.740.560.280.77
0.5-0.180.660.150.670.570.05-0.220.440.60.540.610.310.14-0.030.690.110.130.49-0.180.120.620.36-0.130.62
0.470.650.380.810.070.24-0.220.650.60.170.340.160.480.6-0.280.440.110.710.490.770.5-0.060.220.41-0.03
0.80.890.540.970.30.680.340.870.850.550.740.550.790.00.320.690.130.710.80.78-0.170.270.490.580.35
1.00.490.820.730.810.860.430.450.890.790.910.790.96-0.040.440.90.490.490.80.34-0.130.780.740.590.82
0.340.930.20.86-0.210.24-0.060.940.420.170.30.160.380.32-0.170.24-0.180.770.780.340.13-0.280.060.34-0.2
-0.15-0.20.140.04-0.08-0.34-0.81-0.18-0.07-0.27-0.28-0.27-0.140.93-0.83-0.070.120.5-0.17-0.130.13-0.23-0.16-0.12-0.29
0.79-0.090.750.150.990.760.47-0.150.540.780.770.780.72-0.260.530.740.62-0.060.270.78-0.28-0.230.680.320.99
0.740.210.620.380.70.550.40.180.580.540.650.540.78-0.110.510.560.360.220.490.740.06-0.160.680.750.71
0.570.440.360.50.350.260.30.440.490.220.420.210.72-0.030.460.28-0.130.410.580.590.34-0.120.320.750.36
0.830.00.770.230.970.810.53-0.060.580.810.820.820.76-0.30.570.770.62-0.030.350.82-0.2-0.290.990.710.36
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Prakash Steelage Account Relationship Matchups

Prakash Steelage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets378.6M298.5M374.2M374.1M403.6M383.4M
Short Long Term Debt Total2.4B1.9B339.6M289.0M3.1M2.9M
Other Current Liab321.0K31.4M30.9M33.3M55.2M82.6M
Total Current Liabilities3.0B2.5B913.0M871.2M319.6M303.6M
Total Stockholder Equity(2.7B)(2.2B)(542.8M)(501.5M)77.2M81.0M
Property Plant And Equipment Net108.2M94.3M63.3M58.8M58.7M55.8M
Current Deferred Revenue22.6M54.2M57.1M1.9M23.0M21.8M
Net Debt2.4B1.9B335.9M281.3M(447K)(424.7K)
Accounts Payable536.3M488.8M516.3M522.3M260.6M247.6M
Cash619.6K2.6M3.7M7.7M3.5M3.3M
Non Current Assets Total146.6M98.4M68.4M75.5M72.7M69.1M
Cash And Short Term Investments619.6K2.6M3.7M15.5M3.5M3.3M
Net Receivables118.8M60.2M39.1M103.5M120.1M114.1M
Liabilities And Stockholders Equity378.6M298.5M374.2M374.1M403.6M383.4M
Non Current Liabilities Total73.3M8.9M4.0M4.5M6.9M6.5M
Inventory112.5M96.5M199.4M156.2M176.3M167.5M
Other Current Assets83.5K40.8M63.6M31.3M31.0M25.0M
Other Stockholder Equity1.2B1.2B1.2B996.9M671.6M880.0M
Total Liab3.1B2.5B916.9M875.7M326.4M310.1M
Total Current Assets232.0M200.1M305.8M298.6M330.9M314.4M
Accumulated Other Comprehensive Income(220.8M)(194.8M)(208.2M)325.3M325.3M0.0
Short Term Debt2.4B1.9B339.6M262.5M1.5M1.4M
Retained Earnings(3.9B)(3.3B)(1.7B)(1.3B)(1.1B)(1.1B)
Non Currrent Assets Other(140.6M)12.7M12.0M2.0M3.7M3.5M
Other Liab71.9M73.3M8.9M4.0M3.6M3.4M
Net Tangible Assets(2.7B)(2.7B)(2.2B)(542.8M)(488.5M)(512.9M)
Other Assets6.0M4.1M5.1M12.6M11.3M10.8M
Short Long Term Debt2.4B1.9B339.6M289.0M1.4M1.3M
Property Plant Equipment108.2M94.3M63.3M58.8M52.9M50.2M
Cash And Equivalents619.6K2.6M3.7M7.7M8.8M9.3M
Net Invested Capital(254.0M)(253.4M)(203.2M)(212.5M)78.6M82.5M
Net Working Capital(2.8B)(2.3B)(607.2M)(572.5M)11.4M11.9M

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Other Information on Investing in Prakash Stock

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

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