Superior Non Currrent Assets Other vs Accounts Payable Analysis

SPB Stock

CAD 6.61 0.68 11.47%

Superior Plus financial indicator trend analysis is much more than just breaking down Superior Plus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Superior Plus Corp is a good investment. Please check the relationship between Superior Plus Non Currrent Assets Other and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Plus 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 board of governors.

Non Currrent Assets Other vs Accounts Payable

Non Currrent Assets Other vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Superior Plus Corp Non Currrent Assets Other account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Superior Plus' Non Currrent Assets Other and Accounts Payable is -0.5. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Superior Plus Corp, assuming nothing else is changed. The correlation between historical values of Superior Plus' Non Currrent Assets Other 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 Non Currrent Assets Other of Superior Plus 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 Non Currrent Assets Other i.e., Superior Plus' Non Currrent Assets Other and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Accounts Payable

An accounting item on the balance sheet that represents Superior Plus 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 Superior Plus 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 Superior Plus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Superior Plus 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Plus 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 board of governors.

At this time, Superior Plus' Selling General Administrative is very stable compared to the past year. As of the 27th of February 2025, Discontinued Operations is likely to grow to about 228.8 M, while Tax Provision is likely to drop about 24.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	1.2B	1.5B	1.8B	1.2B
Total Revenue	3.4B	3.4B	3.9B	2.5B

Gross Profit Total Revenue

Superior Plus fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Cash	Cash And Short Term Investments	Other Current Assets	Current Deferred Revenue
Common Stock Shares Outstanding		0.97	0.6	0.28	0.51	0.94	0.96	0.6	-0.79	0.68	0.96	-0.43	0.37	0.53	0.93	-0.07	-0.34	0.94	0.98	0.39	-0.2	0.99	0.63	0.47	0.38	-0.25
Total Assets	0.97		0.72	0.36	0.61	0.92	0.96	0.72	-0.78	0.7	0.99	-0.35	0.43	0.54	0.98	-0.09	-0.28	0.99	0.99	0.41	-0.1	0.96	0.72	0.58	0.37	-0.07
Short Long Term Debt Total	0.6	0.72		0.72	0.89	0.53	0.68	1.0	-0.75	0.8	0.69	-0.38	0.66	0.84	0.78	0.12	-0.14	0.77	0.63	0.65	-0.08	0.65	0.5	0.64	0.34	0.02
Other Current Liab	0.28	0.36	0.72		0.74	0.22	0.36	0.71	-0.68	0.46	0.31	-0.53	0.6	0.75	0.43	0.37	-0.35	0.42	0.26	0.68	-0.4	0.4	0.17	0.34	0.2	-0.17
Total Current Liabilities	0.51	0.61	0.89	0.74		0.38	0.54	0.89	-0.74	0.86	0.56	-0.45	0.85	0.75	0.67	0.38	-0.18	0.68	0.55	0.84	-0.21	0.58	0.38	0.45	0.58	-0.02
Total Stockholder Equity	0.94	0.92	0.53	0.22	0.38		0.91	0.52	-0.62	0.52	0.95	-0.24	0.15	0.47	0.86	-0.36	-0.43	0.85	0.94	0.15	-0.17	0.91	0.72	0.56	0.25	-0.07
Property Plant And Equipment Net	0.96	0.96	0.68	0.36	0.54	0.91		0.68	-0.8	0.66	0.95	-0.51	0.41	0.58	0.96	-0.04	-0.31	0.95	0.93	0.4	-0.22	0.97	0.58	0.45	0.31	-0.24
Net Debt	0.6	0.72	1.0	0.71	0.89	0.52	0.68		-0.75	0.8	0.69	-0.38	0.67	0.84	0.78	0.13	-0.14	0.77	0.62	0.65	-0.08	0.65	0.49	0.63	0.34	0.01
Retained Earnings	-0.79	-0.78	-0.75	-0.68	-0.74	-0.62	-0.8	-0.75		-0.77	-0.72	0.73	-0.71	-0.78	-0.81	-0.37	0.28	-0.81	-0.74	-0.78	0.48	-0.86	-0.29	-0.31	-0.38	0.48
Accounts Payable	0.68	0.7	0.8	0.46	0.86	0.52	0.66	0.8	-0.77		0.65	-0.5	0.79	0.74	0.73	0.3	-0.12	0.75	0.68	0.8	-0.15	0.71	0.4	0.37	0.62	-0.15
Non Current Assets Total	0.96	0.99	0.69	0.31	0.56	0.95	0.95	0.69	-0.72	0.65		-0.28	0.34	0.51	0.97	-0.18	-0.3	0.97	0.98	0.32	-0.06	0.95	0.75	0.62	0.33	-0.03
Non Currrent Assets Other	-0.43	-0.35	-0.38	-0.53	-0.45	-0.24	-0.51	-0.38	0.73	-0.5	-0.28		-0.68	-0.53	-0.42	-0.61	0.18	-0.42	-0.31	-0.71	0.55	-0.51	0.13	0.29	-0.27	0.67
Net Receivables	0.37	0.43	0.66	0.6	0.85	0.15	0.41	0.67	-0.71	0.79	0.34	-0.68		0.57	0.52	0.74	0.09	0.54	0.38	0.96	-0.24	0.46	0.06	-0.02	0.44	-0.23
Common Stock Total Equity	0.53	0.54	0.84	0.75	0.75	0.47	0.58	0.84	-0.78	0.74	0.51	-0.53	0.57		0.58	0.15	-0.34	0.56	0.48	0.66	-0.46	0.61	0.19	0.48	0.29	-0.34
Non Current Liabilities Total	0.93	0.98	0.78	0.43	0.67	0.86	0.96	0.78	-0.81	0.73	0.97	-0.42	0.52	0.58		0.03	-0.21	1.0	0.95	0.5	-0.08	0.95	0.67	0.54	0.35	-0.1
Inventory	-0.07	-0.09	0.12	0.37	0.38	-0.36	-0.04	0.13	-0.37	0.3	-0.18	-0.61	0.74	0.15	0.03		0.2	0.05	-0.12	0.75	-0.29	0.03	-0.47	-0.5	0.18	-0.41
Other Stockholder Equity	-0.34	-0.28	-0.14	-0.35	-0.18	-0.43	-0.31	-0.14	0.28	-0.12	-0.3	0.18	0.09	-0.34	-0.21	0.2		-0.21	-0.29	-0.02	0.42	-0.34	-0.23	-0.28	-0.28	0.04
Total Liab	0.94	0.99	0.77	0.42	0.68	0.85	0.95	0.77	-0.81	0.75	0.97	-0.42	0.54	0.56	1.0	0.05	-0.21		0.96	0.51	-0.09	0.95	0.67	0.52	0.38	-0.1
Property Plant And Equipment Gross	0.98	0.99	0.63	0.26	0.55	0.94	0.93	0.62	-0.74	0.68	0.98	-0.31	0.38	0.48	0.95	-0.12	-0.29	0.96		0.37	-0.1	0.96	0.72	0.54	0.37	-0.11
Total Current Assets	0.39	0.41	0.65	0.68	0.84	0.15	0.4	0.65	-0.78	0.8	0.32	-0.71	0.96	0.66	0.5	0.75	-0.02	0.51	0.37		-0.36	0.49	0.04	0.03	0.48	-0.37
Short Term Debt	-0.2	-0.1	-0.08	-0.4	-0.21	-0.17	-0.22	-0.08	0.48	-0.15	-0.06	0.55	-0.24	-0.46	-0.08	-0.29	0.42	-0.09	-0.1	-0.36		-0.28	0.31	0.16	-0.21	0.71
Common Stock	0.99	0.96	0.65	0.4	0.58	0.91	0.97	0.65	-0.86	0.71	0.95	-0.51	0.46	0.61	0.95	0.03	-0.34	0.95	0.96	0.49	-0.28		0.58	0.44	0.35	-0.3
Cash	0.63	0.72	0.5	0.17	0.38	0.72	0.58	0.49	-0.29	0.4	0.75	0.13	0.06	0.19	0.67	-0.47	-0.23	0.67	0.72	0.04	0.31	0.58		0.72	0.26	0.4
Cash And Short Term Investments	0.47	0.58	0.64	0.34	0.45	0.56	0.45	0.63	-0.31	0.37	0.62	0.29	-0.02	0.48	0.54	-0.5	-0.28	0.52	0.54	0.03	0.16	0.44	0.72		0.19	0.38
Other Current Assets	0.38	0.37	0.34	0.2	0.58	0.25	0.31	0.34	-0.38	0.62	0.33	-0.27	0.44	0.29	0.35	0.18	-0.28	0.38	0.37	0.48	-0.21	0.35	0.26	0.19		-0.09
Current Deferred Revenue	-0.25	-0.07	0.02	-0.17	-0.02	-0.07	-0.24	0.01	0.48	-0.15	-0.03	0.67	-0.23	-0.34	-0.1	-0.41	0.04	-0.1	-0.11	-0.37	0.71	-0.3	0.4	0.38	-0.09

Click cells to compare fundamentals

Superior Plus Account Relationship Matchups

Superior Plus fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	189.7M	176M	194.9M	259M	297.9M	312.7M
Total Assets	3.8B	3.6B	4.5B	5.2B	6.0B	6.2B
Short Long Term Debt Total	1.8B	1.6B	2.1B	1.9B	2.2B	1.1B
Other Current Liab	230.1M	229.4M	355.5M	145.2M	166.9M	137.3M
Total Current Liabilities	531.5M	535.3M	736.8M	568.8M	654.1M	441.1M
Total Stockholder Equity	949.2M	983.6M	1.1B	1.4B	1.6B	1.7B
Property Plant And Equipment Net	1.6B	1.1B	1.4B	1.9B	2.2B	2.3B
Net Debt	1.8B	1.6B	2.1B	1.8B	2.1B	1.1B
Retained Earnings	(1.5B)	(1.4B)	(1.7B)	(1.8B)	(1.6B)	(1.7B)
Accounts Payable	223.8M	232.9M	316.3M	340.8M	391.9M	207.4M
Non Current Assets Total	3.3B	3.0B	3.6B	4.5B	5.2B	5.5B
Non Currrent Assets Other	14.8M	8.6M	137.5M	7.5M	6.8M	6.4M
Net Receivables	312.9M	250.5M	533.7M	403.4M	463.9M	305.8M
Liabilities And Stockholders Equity	3.8B	3.6B	4.5B	3.9B	4.5B	2.4B
Non Current Liabilities Total	2.0B	1.7B	2.3B	2.6B	3.0B	3.2B
Inventory	124M	111.5M	153M	115.6M	132.9M	138.6M
Total Liab	2.5B	2.2B	3.0B	3.4B	3.9B	4.1B
Property Plant And Equipment Gross	1.6B	1.9B	2.3B	3.0B	3.4B	3.6B
Total Current Assets	550.2M	564.7M	855.3M	654.8M	753.0M	528.0M
Accumulated Other Comprehensive Income	74.5M	52.8M	159.7M	117.1M	105.4M	57.1M
Short Term Debt	47.4M	44.2M	45.8M	56.4M	50.7M	44.2M
Common Stock	2.4B	2.3B	2.6B	3.1B	3.6B	3.7B
Cash	24.1M	28.4M	58.4M	40.7M	46.8M	49.1M
Cash And Short Term Investments	67.8M	81M	58.4M	48.3M	55.5M	31.4M
Other Current Assets	89.2M	65.2M	110.2M	87.5M	100.6M	76.1M
Current Deferred Revenue	19.1M	20.6M	25M	18.5M	16.6M	15.1M
Good Will	1.2B	1.3B	1.7B	1.9B	2.2B	2.3B
Short Term Investments	43.7M	52.6M	60.4M	7.6M	8.7M	8.3M
Intangible Assets	425.4M	440.9M	560.6M	638.5M	734.3M	771.0M
Other Liab	193.9M	246.8M	138.4M	192.6M	221.5M	166.0M
Net Tangible Assets	(430.7M)	(629M)	(776.9M)	(1.1B)	(998.2M)	(948.3M)
Other Assets	58.3M	50.1M	157.1M	39.2M	35.3M	33.5M
Long Term Debt	1.6B	1.4B	1.9B	2.2B	2.6B	1.5B
Long Term Investments	1M	2.3M	13.2M	8.8M	10.1M	5.6M
Short Long Term Debt	7.1M	11.4M	14.8M	11.3M	10.2M	9.7M
Property Plant Equipment	1.6B	1.6B	1.1B	1.4B	1.6B	1.3B
Long Term Debt Total	1.9B	1.8B	1.6B	2.1B	2.4B	1.6B

Pair Trading with Superior Plus

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 Superior Plus 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 Superior Plus will appreciate offsetting losses from the drop in the long position's value.

Moving against Superior Stock

0.52	ATX	ATEX Resources	Pair Corr
0.52	DPM	Dundee Precious Metals	Pair Corr
0.45	CRRX	CareRx Corp Earnings Call This Week	Pair Corr
0.44	NGT	Newmont Goldcorp Corp	Pair Corr
0.38	BEP-PM	Brookfield Renewable	Pair Corr

The ability to find closely correlated positions to Superior Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Plus 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 Superior Plus - 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 Superior Plus Corp to buy it.

The correlation of Superior Plus 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 Superior Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Plus Corp 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 Superior Plus 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 Superior Stock

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

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Superior Non Currrent Assets Other vs Accounts Payable Analysis

Non Currrent Assets Other vs Accounts Payable

Non Currrent Assets Other vs Accounts Payable Correlation Analysis

Correlation Coefficient

Non Currrent Assets Other

Accounts Payable

Superior Plus fundamental ratios Correlations

Superior Plus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Superior Plus fundamental ratios Accounts

Pair Trading with Superior Plus

Moving against Superior Stock

Other Information on Investing in Superior Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Common Stock	+ 0.99	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Total Assets

Common Stock	- 0.86	Retained Earnings
Total Liab	- 0.81	Retained Earnings
Non Current Liabilities Total	- 0.81	Retained Earnings
Retained Earnings	- 0.8	Property Plant And Equipment Net
Retained Earnings	- 0.79	Common Stock Shares Outstanding
Total Current Assets	- 0.78	Retained Earnings