Vitreous Inventory vs Total Current Liabilities Analysis

VCI Stock  CAD 5.25  0.02  0.38%   
Vitreous Glass financial indicator trend analysis is much more than just breaking down Vitreous Glass prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vitreous Glass is a good investment. Please check the relationship between Vitreous Glass Inventory and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vitreous Glass. 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 Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vitreous Glass Inventory account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vitreous Glass' Inventory and Total Current Liabilities is 0.49. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Vitreous Glass, assuming nothing else is changed. The correlation between historical values of Vitreous Glass' Inventory and Total Current Liabilities 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 Vitreous Glass are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Inventory i.e., Vitreous Glass' Inventory and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Total Current Liabilities

Total Current Liabilities is an item on Vitreous Glass balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Vitreous Glass are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Vitreous Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vitreous Glass 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 Vitreous Glass. 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.
Enterprise Value is likely to climb to about 29.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.4M5.1M5.8M3.3M
Total Revenue9.6M10.2M11.7M8.9M

Vitreous Glass fundamental ratios Correlations

-0.670.580.60.870.51-0.54-0.10.910.380.380.910.750.39-0.410.240.49-0.040.56-0.43-0.33-0.330.540.210.370.44
-0.67-0.73-0.76-0.870.130.960.73-0.65-0.40.28-0.66-0.27-0.890.87-0.570.220.48-0.930.86-0.33-0.33-0.230.140.30.34
0.58-0.730.750.61-0.21-0.65-0.390.440.13-0.320.570.610.6-0.790.26-0.05-0.390.78-0.75-0.01-0.010.430.13-0.27-0.14
0.6-0.760.750.730.04-0.8-0.430.660.73-0.070.40.420.56-0.590.49-0.010.060.73-0.690.170.170.1-0.38-0.27-0.29
0.87-0.870.610.730.3-0.85-0.430.920.50.160.830.50.72-0.590.390.2-0.160.78-0.660.070.070.37-0.190.10.03
0.510.13-0.210.040.30.150.60.620.290.990.420.45-0.390.52-0.190.820.67-0.350.43-0.63-0.630.37-0.030.840.72
-0.540.96-0.65-0.8-0.850.150.76-0.62-0.510.29-0.53-0.13-0.90.8-0.540.30.37-0.910.86-0.48-0.48-0.120.420.360.5
-0.10.73-0.39-0.43-0.430.60.76-0.11-0.220.69-0.120.35-0.810.76-0.390.730.61-0.780.82-0.85-0.850.190.290.640.72
0.91-0.650.440.660.920.62-0.62-0.110.560.510.810.610.39-0.280.220.480.160.5-0.37-0.2-0.20.44-0.170.370.3
0.38-0.40.130.730.50.29-0.51-0.220.560.230.080.110.23-0.10.450.080.450.33-0.30.20.2-0.23-0.58-0.1-0.22
0.380.28-0.32-0.070.160.990.290.690.510.230.290.37-0.510.64-0.260.820.74-0.480.55-0.65-0.650.3-0.030.850.74
0.91-0.660.570.40.830.42-0.53-0.120.810.080.290.690.48-0.470.120.39-0.270.55-0.46-0.33-0.330.70.270.410.4
0.75-0.270.610.420.50.45-0.130.350.610.110.370.690.03-0.22-0.050.680.060.26-0.17-0.72-0.720.640.420.380.59
0.39-0.890.60.560.72-0.39-0.9-0.810.390.23-0.510.480.03-0.860.6-0.39-0.620.93-0.840.540.540.01-0.22-0.43-0.51
-0.410.87-0.79-0.59-0.590.520.80.76-0.28-0.10.64-0.47-0.22-0.86-0.440.430.77-0.920.91-0.37-0.37-0.22-0.080.570.47
0.24-0.570.260.490.39-0.19-0.54-0.390.220.45-0.260.12-0.050.6-0.44-0.17-0.160.53-0.310.250.25-0.43-0.17-0.38-0.35
0.490.22-0.05-0.010.20.820.30.730.480.080.820.390.68-0.390.43-0.170.53-0.30.46-0.81-0.810.290.260.730.86
-0.040.48-0.390.06-0.160.670.370.610.160.450.74-0.270.06-0.620.77-0.160.53-0.560.59-0.33-0.33-0.19-0.390.480.35
0.56-0.930.780.730.78-0.35-0.91-0.780.50.33-0.480.550.260.93-0.920.53-0.3-0.56-0.920.430.430.12-0.12-0.44-0.4
-0.430.86-0.75-0.69-0.660.430.860.82-0.37-0.30.55-0.46-0.17-0.840.91-0.310.460.59-0.92-0.49-0.49-0.220.130.480.5
-0.33-0.33-0.010.170.07-0.63-0.48-0.85-0.20.2-0.65-0.33-0.720.54-0.370.25-0.81-0.330.43-0.491.0-0.52-0.57-0.67-0.83
-0.33-0.33-0.010.170.07-0.63-0.48-0.85-0.20.2-0.65-0.33-0.720.54-0.370.25-0.81-0.330.43-0.491.0-0.52-0.57-0.67-0.83
0.54-0.230.430.10.370.37-0.120.190.44-0.230.30.70.640.01-0.22-0.430.29-0.190.12-0.22-0.52-0.520.380.480.42
0.210.140.13-0.38-0.19-0.030.420.29-0.17-0.58-0.030.270.42-0.22-0.08-0.170.26-0.39-0.120.13-0.57-0.570.380.250.59
0.370.3-0.27-0.270.10.840.360.640.37-0.10.850.410.38-0.430.57-0.380.730.48-0.440.48-0.67-0.670.480.250.83
0.440.34-0.14-0.290.030.720.50.720.3-0.220.740.40.59-0.510.47-0.350.860.35-0.40.5-0.83-0.830.420.590.83
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Vitreous Glass Account Relationship Matchups

Vitreous Glass fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5M5.1M5.5M5.4M4.9M5.2M
Other Current Liab599.6K446.2K399.0K510.3K459.3K441.2K
Total Current Liabilities980.2K734.2K841.8K857.6K771.9K1.1M
Total Stockholder Equity4.2M4.2M4.3M4.2M4.8M4.8M
Property Plant And Equipment Net1.7M1.7M2.1M2.1M1.8M2.8M
Net Debt(1.4M)(2.3M)(1.6M)(2.2M)(2.0M)(1.9M)
Retained Earnings1.2M1.1M1.2M1.1M1.3M2.0M
Accounts Payable367.8K269.2K424.0K326.7K294.0K557.1K
Non Current Assets Total1.7M1.7M2.1M2.1M1.8M2.9M
Net Receivables1.3M448.4K561.9K347.3K312.6K297.0K
Common Stock Shares Outstanding6.3M6.4M6.5M6.5M7.4M6.2M
Liabilities And Stockholders Equity5.5M5.1M5.5M5.4M4.9M5.2M
Non Current Liabilities Total284.3K251.5K394.9K400.7K360.6K585.3K
Inventory905.3K521.3K1.0M702.0K807.3K639.3K
Total Liab1.3M985.7K1.2M1.3M1.1M1.7M
Total Current Assets3.8M3.5M3.4M3.4M3.9M3.2M
Cash1.5M2.5M1.7M2.3M2.6M2.7M
Cash And Short Term Investments1.5M2.5M1.7M2.3M2.6M2.7M
Other Current Assets40.8K42.3K56.1K44.4K51.0K48.5K
Other Liab183.2K160.8K151.8K313.9K282.5K249.4K
Net Tangible Assets3.8M4.2M4.2M4.3M3.8M3.6M
Property Plant Equipment1.7M1.7M1.7M2.1M1.9M1.8M
Net Invested Capital4.2M4.2M4.3M4.2M3.7M3.4M
Net Working Capital2.8M2.7M2.5M2.5M2.9M2.8M

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