Sturm Accounts Payable vs Total Stockholder Equity Analysis
RGR Stock | USD 36.10 0.49 1.34% |
Sturm Ruger financial indicator trend analysis is much more than just breaking down Sturm Ruger prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sturm Ruger is a good investment. Please check the relationship between Sturm Ruger Accounts Payable and its Total Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.
Accounts Payable vs Total Stockholder Equity
Accounts Payable vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sturm Ruger Accounts Payable account and Total Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Sturm Ruger's Accounts Payable and Total Stockholder Equity is 0.08. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Sturm Ruger, assuming nothing else is changed. The correlation between historical values of Sturm Ruger's Accounts Payable and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Sturm Ruger are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., Sturm Ruger's Accounts Payable and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Sturm Ruger 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 Sturm Ruger 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Sturm Ruger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sturm Ruger 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 Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.As of 12/13/2024, Selling General Administrative is likely to drop to about 30.1 M. In addition to that, Tax Provision is likely to drop to about 10.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 279.6M | 180.1M | 133.6M | 101.8M | Total Revenue | 730.7M | 595.8M | 543.8M | 326.4M |
Sturm Ruger fundamental ratios Correlations
Click cells to compare fundamentals
Sturm Ruger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sturm Ruger fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 349.0M | 348.3M | 442.3M | 484.8M | 398.8M | 226.7M | |
Other Current Liab | 735K | 1.1M | 49.2M | 147.6M | 40.0M | 28.0M | |
Total Current Liabilities | 61.2M | 81.8M | 77.1M | 163.1M | 63.2M | 43.9M | |
Total Stockholder Equity | 285.5M | 264.7M | 363.7M | 316.7M | 331.7M | 170.0M | |
Property Plant And Equipment Net | 73.9M | 70.7M | 73.6M | 76.9M | 71.5M | 54.0M | |
Net Debt | (33.2M) | (18.4M) | (19.6M) | (62.1M) | (13.0M) | (13.7M) | |
Retained Earnings | 368.2M | 342.6M | 438.1M | 393.1M | 418.1M | 439.0M | |
Cash | 35.4M | 20.1M | 21.0M | 65.2M | 15.2M | 22.6M | |
Non Current Assets Total | 99.6M | 113.9M | 113.6M | 122.9M | 127.4M | 74.8M | |
Non Currrent Assets Other | 20.3M | 41.6M | 9.0M | 28.4M | 33.0M | 34.7M | |
Cash And Short Term Investments | 164.9M | 141.2M | 221.0M | 224.3M | 117.7M | 60.8M | |
Net Receivables | 52.6M | 57.9M | 57.0M | 65.4M | 59.9M | 33.7M | |
Common Stock Shares Outstanding | 17.8M | 17.8M | 17.8M | 17.8M | 17.8M | 18.9M | |
Liabilities And Stockholders Equity | 349.0M | 348.3M | 442.3M | 484.8M | 398.8M | 226.7M | |
Non Current Liabilities Total | 2.3M | 1.8M | 1.6M | 5.0M | 3.9M | 3.7M | |
Inventory | 28.3M | 29.1M | 43.9M | 65.0M | 79.8M | 83.8M | |
Other Current Assets | 3.5M | 6.3M | 13.7M | 7.1M | 14.1M | 13.6M | |
Other Stockholder Equity | (106.9M) | (102.1M) | (98.7M) | (100.7M) | (110.8M) | (105.2M) | |
Total Liab | 63.5M | 83.6M | 78.7M | 168.0M | 67.1M | 56.8M | |
Property Plant And Equipment Gross | 76.5M | 72.9M | 73.6M | 447.1M | 462.4M | 485.5M | |
Total Current Assets | 249.3M | 234.4M | 328.7M | 361.8M | 271.4M | 151.9M | |
Short Term Debt | 21.1M | 43.5M | 249K | 642K | 51.3M | 53.9M | |
Accounts Payable | 29.8M | 37.1M | 12.2M | 13.3M | 11.1M | 13.0M | |
Common Stock Total Equity | 24.2M | 24.2M | 24.3M | 24.4M | 21.9M | 19.7M | |
Short Term Investments | 129.5M | 121.0M | 200.0M | 159.1M | 102.5M | 59.5M | |
Common Stock | 24.2M | 24.2M | 24.3M | 24.4M | 24.4M | 19.7M | |
Other Liab | 83K | 74K | 97K | 1.9M | 1.7M | 1.6M | |
Other Assets | 20.7M | 28.4M | 40.0M | 30.8M | 35.4M | 18.4M | |
Intangible Assets | 2.4M | 12.6M | 12.5M | 11.6M | 10.9M | 11.5M | |
Property Plant Equipment | 73.9M | 70.7M | 73.6M | 76.9M | 88.4M | 64.9M | |
Net Tangible Assets | 287.6M | 266.4M | 365.1M | 321.6M | 369.9M | 260.9M | |
Retained Earnings Total Equity | 368.2M | 342.6M | 438.1M | 393.1M | 452.1M | 291.3M | |
Capital Surpluse | 38.7M | 43.5M | 46.8M | 45.1M | 51.8M | 32.9M | |
Non Current Liabilities Other | 83K | 74K | 97K | 73K | 65.7K | 62.4K |
Pair Trading with Sturm Ruger
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 Sturm Ruger 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 Sturm Ruger will appreciate offsetting losses from the drop in the long position's value.Moving together with Sturm Stock
Moving against Sturm Stock
0.75 | KTB | Kontoor Brands | PairCorr |
0.74 | RL | Ralph Lauren Corp | PairCorr |
0.73 | FOSL | Fossil Group | PairCorr |
0.7 | PVH | PVH Corp | PairCorr |
0.62 | DOGZ | Dogness International | PairCorr |
The ability to find closely correlated positions to Sturm Ruger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sturm Ruger 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 Sturm Ruger - 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 Sturm Ruger to buy it.
The correlation of Sturm Ruger 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 Sturm Ruger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sturm Ruger 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 Sturm Ruger 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.Additional Tools for Sturm Stock Analysis
When running Sturm Ruger's price analysis, check to measure Sturm Ruger'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 Sturm Ruger is operating at the current time. Most of Sturm Ruger's value examination focuses on studying past and present price action to predict the probability of Sturm Ruger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sturm Ruger's price. Additionally, you may evaluate how the addition of Sturm Ruger to your portfolios can decrease your overall portfolio volatility.