Strickland Other Current Assets vs Property Plant And Equipment Net Analysis

STK Stock

0.08 0 1.28%

Strickland Metals financial indicator trend analysis is much more than just breaking down Strickland Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Strickland Metals is a good investment. Please check the relationship between Strickland Metals Other Current Assets and its Property Plant And Equipment Net accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Strickland Metals. 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.

Other Current Assets vs Property Plant And Equipment Net

Other Current Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Strickland Metals Other Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Strickland Metals' Other Current Assets and Property Plant And Equipment Net is 0.43. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Strickland Metals, assuming nothing else is changed. The correlation between historical values of Strickland Metals' Other Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Strickland Metals are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Current Assets i.e., Strickland Metals' Other Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Strickland Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Strickland Metals 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 Strickland Metals. 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.

Selling General Administrative is likely to gain to about 2.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 10.2 M in 2024.

Strickland Metals fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Inventory	Other Stockholder Equity	Other Assets	Cash And Equivalents	Property Plant Equipment	Net Tangible Assets
Total Assets		-0.83	0.35	0.93	1.0	0.94	-0.91	0.25	0.98	0.91	0.98	0.56	0.91	0.88	0.95	0.52	1.0	0.95	0.17	0.96	-0.64	0.09	0.95	0.44	0.85	0.97
Short Long Term Debt Total	-0.83		-0.37	-0.73	-0.83	-0.73	0.73	-0.11	-0.76	-0.72	-0.79	-0.21	-0.72	-0.66	-0.8	-0.53	-0.83	-0.82	0.3	-0.83	0.7	0.12	-0.77	-0.2	-0.64	-0.81
Other Current Liab	0.35	-0.37		0.63	0.35	0.3	0.01	-0.48	0.28	0.0	0.21	0.28	0.0	0.69	0.49	0.98	0.34	0.56	0.06	0.49	-0.65	-0.09	0.47	0.12	0.38	0.49
Total Current Liabilities	0.93	-0.73	0.63		0.93	0.91	-0.7	-0.02	0.91	0.71	0.87	0.61	0.71	0.97	0.95	0.75	0.91	0.94	0.24	0.96	-0.74	0.17	0.96	0.52	0.89	0.97
Total Stockholder Equity	1.0	-0.83	0.35	0.93		0.94	-0.9	0.24	0.98	0.91	0.98	0.56	0.91	0.88	0.95	0.52	1.0	0.95	0.16	0.97	-0.65	0.1	0.95	0.45	0.86	0.98
Property Plant And Equipment Net	0.94	-0.73	0.3	0.91	0.94		-0.79	0.04	0.98	0.79	0.97	0.59	0.79	0.82	0.96	0.43	0.92	0.81	0.11	0.96	-0.61	0.41	0.97	0.67	0.97	0.96
Net Debt	-0.91	0.73	0.01	-0.7	-0.9	-0.79		-0.59	-0.87	-1.0	-0.91	-0.48	-1.0	-0.66	-0.75	-0.2	-0.92	-0.82	-0.25	-0.77	0.41	0.08	-0.75	-0.26	-0.63	-0.79
Retained Earnings	0.25	-0.11	-0.48	-0.02	0.24	0.04	-0.59		0.19	0.59	0.24	0.01	0.59	-0.01	-0.05	-0.32	0.31	0.24	0.41	-0.02	0.36	-0.52	-0.02	-0.26	-0.18	0.04
Accounts Payable	0.98	-0.76	0.28	0.91	0.98	0.98	-0.87	0.19		0.88	0.99	0.57	0.88	0.84	0.94	0.43	0.97	0.87	0.18	0.96	-0.61	0.26	0.97	0.59	0.92	0.97
Cash	0.91	-0.72	0.0	0.71	0.91	0.79	-1.0	0.59	0.88		0.91	0.48	1.0	0.67	0.76	0.21	0.93	0.83	0.25	0.78	-0.41	-0.07	0.75	0.26	0.63	0.79
Non Current Assets Total	0.98	-0.79	0.21	0.87	0.98	0.97	-0.91	0.24	0.99	0.91		0.55	0.91	0.8	0.93	0.38	0.97	0.86	0.12	0.95	-0.58	0.23	0.94	0.53	0.89	0.95
Non Currrent Assets Other	0.56	-0.21	0.28	0.61	0.56	0.59	-0.48	0.01	0.57	0.48	0.55		0.48	0.65	0.63	0.32	0.55	0.53	0.57	0.57	-0.41	0.29	0.57	0.24	0.59	0.57
Cash And Short Term Investments	0.91	-0.72	0.0	0.71	0.91	0.79	-1.0	0.59	0.88	1.0	0.91	0.48		0.67	0.76	0.21	0.93	0.83	0.25	0.78	-0.41	-0.07	0.75	0.26	0.63	0.79
Net Receivables	0.88	-0.66	0.69	0.97	0.88	0.82	-0.66	-0.01	0.84	0.67	0.8	0.65	0.67		0.91	0.79	0.87	0.93	0.34	0.9	-0.72	0.11	0.88	0.44	0.8	0.92
Common Stock Shares Outstanding	0.95	-0.8	0.49	0.95	0.95	0.96	-0.75	-0.05	0.94	0.76	0.93	0.63	0.76	0.91		0.61	0.92	0.89	0.08	0.99	-0.75	0.29	0.96	0.54	0.93	0.98
Other Current Assets	0.52	-0.53	0.98	0.75	0.52	0.43	-0.2	-0.32	0.43	0.21	0.38	0.32	0.21	0.79	0.61		0.51	0.72	0.08	0.62	-0.71	-0.15	0.6	0.14	0.47	0.63
Total Liab	1.0	-0.83	0.34	0.91	1.0	0.92	-0.92	0.31	0.97	0.93	0.97	0.55	0.93	0.87	0.92	0.51		0.96	0.19	0.94	-0.63	0.02	0.93	0.39	0.81	0.96
Total Current Assets	0.95	-0.82	0.56	0.94	0.95	0.81	-0.82	0.24	0.87	0.83	0.86	0.53	0.83	0.93	0.89	0.72	0.96		0.23	0.91	-0.7	-0.14	0.88	0.27	0.72	0.93
Short Term Debt	0.17	0.3	0.06	0.24	0.16	0.11	-0.25	0.41	0.18	0.25	0.12	0.57	0.25	0.34	0.08	0.08	0.19	0.23		0.05	0.17	-0.02	0.1	0.13	0.08	0.12
Common Stock	0.96	-0.83	0.49	0.96	0.97	0.96	-0.77	-0.02	0.96	0.78	0.95	0.57	0.78	0.9	0.99	0.62	0.94	0.91	0.05		-0.77	0.23	0.98	0.52	0.92	0.99
Inventory	-0.64	0.7	-0.65	-0.74	-0.65	-0.61	0.41	0.36	-0.61	-0.41	-0.58	-0.41	-0.41	-0.72	-0.75	-0.71	-0.63	-0.7	0.17	-0.77		-0.06	-0.72	-0.18	-0.64	-0.72
Other Stockholder Equity	0.09	0.12	-0.09	0.17	0.1	0.41	0.08	-0.52	0.26	-0.07	0.23	0.29	-0.07	0.11	0.29	-0.15	0.02	-0.14	-0.02	0.23	-0.06		0.29	0.81	0.56	0.21
Other Assets	0.95	-0.77	0.47	0.96	0.95	0.97	-0.75	-0.02	0.97	0.75	0.94	0.57	0.75	0.88	0.96	0.6	0.93	0.88	0.1	0.98	-0.72	0.29		0.6	0.95	0.99
Cash And Equivalents	0.44	-0.2	0.12	0.52	0.45	0.67	-0.26	-0.26	0.59	0.26	0.53	0.24	0.26	0.44	0.54	0.14	0.39	0.27	0.13	0.52	-0.18	0.81	0.6		0.77	0.55
Property Plant Equipment	0.85	-0.64	0.38	0.89	0.86	0.97	-0.63	-0.18	0.92	0.63	0.89	0.59	0.63	0.8	0.93	0.47	0.81	0.72	0.08	0.92	-0.64	0.56	0.95	0.77		0.92
Net Tangible Assets	0.97	-0.81	0.49	0.97	0.98	0.96	-0.79	0.04	0.97	0.79	0.95	0.57	0.79	0.92	0.98	0.63	0.96	0.93	0.12	0.99	-0.72	0.21	0.99	0.55	0.92

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Strickland Metals Account Relationship Matchups

Strickland Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.6M	12.5M	39.6M	50.6M	86.9M	91.3M
Other Current Liab	103.2K	118.6K	105.5K	2.1M	174.8K	247.1K
Total Current Liabilities	425.2K	452.6K	2.2M	3.6M	3.1M	3.2M
Total Stockholder Equity	7.2M	12.0M	37.0M	46.7M	79.6M	83.6M
Property Plant And Equipment Net	7.0M	10.8M	35.1M	22.5M	36.7M	38.5M
Net Debt	(529.2K)	(1.5M)	(3.7M)	(1.4M)	(24.3M)	(23.1M)
Retained Earnings	(16.1M)	(20.0M)	(24.2M)	(26.7M)	(611.5K)	(642.0K)
Accounts Payable	322.1K	334.1K	2.0M	1.4M	2.8M	3.0M
Cash	529.2K	1.5M	4.1M	1.7M	24.5M	25.7M
Non Current Assets Total	7.1M	10.8M	35.2M	22.6M	56.3M	59.1M
Cash And Short Term Investments	529.2K	1.5M	4.1M	1.7M	24.5M	25.7M
Net Receivables	34.6K	172.6K	242.7K	605.3K	447.6K	470.0K
Common Stock Shares Outstanding	335.4M	735.3M	1.2B	1.5B	1.7B	1.7B
Liabilities And Stockholders Equity	7.6M	12.5M	39.6M	50.6M	86.9M	91.3M
Other Current Assets	2.5K	16.8K	21.5K	25.7M	5.7M	5.9M
Total Liab	425.2K	452.6K	2.5M	3.9M	7.3M	7.7M
Total Current Assets	566.3K	1.7M	4.3M	28.0M	30.6M	32.1M
Common Stock	23.0M	29.7M	56.3M	68.7M	77.5M	81.3M
Accumulated Other Comprehensive Income	297.8K	2.3M	4.9M	4.8M	2.8M	2.9M
Cash And Equivalents	529.2K	1.5M	4.1M	1.7M	2.0M	1.6M
Property Plant Equipment	7.0M	10.8M	35.1M	22.5M	25.9M	27.2M
Net Tangible Assets	7.2M	12.0M	37.0M	46.7M	53.7M	56.4M
Net Invested Capital	7.2M	12.0M	37.0M	46.7M	53.7M	56.4M
Net Working Capital	141.1K	1.2M	2.1M	24.4M	28.0M	29.4M
Capital Stock	23.0M	29.7M	56.3M	68.7M	78.9M	43.6M

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