Vitreous Retained Earnings vs Cash And Short Term Investments 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 Retained Earnings and its Cash And Short Term Investments 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.

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vitreous Glass Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Vitreous Glass' Retained Earnings and Cash And Short Term Investments is -0.2. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments 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' Retained Earnings and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Vitreous Glass are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Vitreous Glass' Retained Earnings and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Vitreous Glass balance sheet. This account contains Vitreous Glass investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Vitreous Glass fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Profit	4.4M	5.1M	5.8M	3.3M
Total Revenue	9.6M	10.2M	11.7M	8.9M

Gross Profit Total Revenue

Vitreous Glass fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Other Current Assets	Intangible Assets	Other Liab	Net Tangible Assets
Total Assets		-0.67	0.58	0.6	0.87	0.51	-0.54	-0.1	0.91	0.38	0.38	0.91	0.75	0.39	-0.41	0.24	0.49	-0.04	0.56	-0.43	-0.33	-0.33	0.54	0.21	0.37	0.44
Short Long Term Debt Total	-0.67		-0.73	-0.76	-0.87	0.13	0.96	0.73	-0.65	-0.4	0.28	-0.66	-0.27	-0.89	0.87	-0.57	0.22	0.48	-0.93	0.86	-0.33	-0.33	-0.23	0.14	0.3	0.34
Other Current Liab	0.58	-0.73		0.75	0.61	-0.21	-0.65	-0.39	0.44	0.13	-0.32	0.57	0.61	0.6	-0.79	0.26	-0.05	-0.39	0.78	-0.75	-0.01	-0.01	0.43	0.13	-0.27	-0.14
Total Current Liabilities	0.6	-0.76	0.75		0.73	0.04	-0.8	-0.43	0.66	0.73	-0.07	0.4	0.42	0.56	-0.59	0.49	-0.01	0.06	0.73	-0.69	0.17	0.17	0.1	-0.38	-0.27	-0.29
Total Stockholder Equity	0.87	-0.87	0.61	0.73		0.3	-0.85	-0.43	0.92	0.5	0.16	0.83	0.5	0.72	-0.59	0.39	0.2	-0.16	0.78	-0.66	0.07	0.07	0.37	-0.19	0.1	0.03
Property Plant And Equipment Net	0.51	0.13	-0.21	0.04	0.3		0.15	0.6	0.62	0.29	0.99	0.42	0.45	-0.39	0.52	-0.19	0.82	0.67	-0.35	0.43	-0.63	-0.63	0.37	-0.03	0.84	0.72
Current Deferred Revenue	-0.54	0.96	-0.65	-0.8	-0.85	0.15		0.76	-0.62	-0.51	0.29	-0.53	-0.13	-0.9	0.8	-0.54	0.3	0.37	-0.91	0.86	-0.48	-0.48	-0.12	0.42	0.36	0.5
Net Debt	-0.1	0.73	-0.39	-0.43	-0.43	0.6	0.76		-0.11	-0.22	0.69	-0.12	0.35	-0.81	0.76	-0.39	0.73	0.61	-0.78	0.82	-0.85	-0.85	0.19	0.29	0.64	0.72
Retained Earnings	0.91	-0.65	0.44	0.66	0.92	0.62	-0.62	-0.11		0.56	0.51	0.81	0.61	0.39	-0.28	0.22	0.48	0.16	0.5	-0.37	-0.2	-0.2	0.44	-0.17	0.37	0.3
Accounts Payable	0.38	-0.4	0.13	0.73	0.5	0.29	-0.51	-0.22	0.56		0.23	0.08	0.11	0.23	-0.1	0.45	0.08	0.45	0.33	-0.3	0.2	0.2	-0.23	-0.58	-0.1	-0.22
Non Current Assets Total	0.38	0.28	-0.32	-0.07	0.16	0.99	0.29	0.69	0.51	0.23		0.29	0.37	-0.51	0.64	-0.26	0.82	0.74	-0.48	0.55	-0.65	-0.65	0.3	-0.03	0.85	0.74
Non Currrent Assets Other	0.91	-0.66	0.57	0.4	0.83	0.42	-0.53	-0.12	0.81	0.08	0.29		0.69	0.48	-0.47	0.12	0.39	-0.27	0.55	-0.46	-0.33	-0.33	0.7	0.27	0.41	0.4
Net Receivables	0.75	-0.27	0.61	0.42	0.5	0.45	-0.13	0.35	0.61	0.11	0.37	0.69		0.03	-0.22	-0.05	0.68	0.06	0.26	-0.17	-0.72	-0.72	0.64	0.42	0.38	0.59
Common Stock Shares Outstanding	0.39	-0.89	0.6	0.56	0.72	-0.39	-0.9	-0.81	0.39	0.23	-0.51	0.48	0.03		-0.86	0.6	-0.39	-0.62	0.93	-0.84	0.54	0.54	0.01	-0.22	-0.43	-0.51
Non Current Liabilities Total	-0.41	0.87	-0.79	-0.59	-0.59	0.52	0.8	0.76	-0.28	-0.1	0.64	-0.47	-0.22	-0.86		-0.44	0.43	0.77	-0.92	0.91	-0.37	-0.37	-0.22	-0.08	0.57	0.47
Inventory	0.24	-0.57	0.26	0.49	0.39	-0.19	-0.54	-0.39	0.22	0.45	-0.26	0.12	-0.05	0.6	-0.44		-0.17	-0.16	0.53	-0.31	0.25	0.25	-0.43	-0.17	-0.38	-0.35
Other Stockholder Equity	0.49	0.22	-0.05	-0.01	0.2	0.82	0.3	0.73	0.48	0.08	0.82	0.39	0.68	-0.39	0.43	-0.17		0.53	-0.3	0.46	-0.81	-0.81	0.29	0.26	0.73	0.86
Total Liab	-0.04	0.48	-0.39	0.06	-0.16	0.67	0.37	0.61	0.16	0.45	0.74	-0.27	0.06	-0.62	0.77	-0.16	0.53		-0.56	0.59	-0.33	-0.33	-0.19	-0.39	0.48	0.35
Total Current Assets	0.56	-0.93	0.78	0.73	0.78	-0.35	-0.91	-0.78	0.5	0.33	-0.48	0.55	0.26	0.93	-0.92	0.53	-0.3	-0.56		-0.92	0.43	0.43	0.12	-0.12	-0.44	-0.4
Short Term Debt	-0.43	0.86	-0.75	-0.69	-0.66	0.43	0.86	0.82	-0.37	-0.3	0.55	-0.46	-0.17	-0.84	0.91	-0.31	0.46	0.59	-0.92		-0.49	-0.49	-0.22	0.13	0.48	0.5
Cash	-0.33	-0.33	-0.01	0.17	0.07	-0.63	-0.48	-0.85	-0.2	0.2	-0.65	-0.33	-0.72	0.54	-0.37	0.25	-0.81	-0.33	0.43	-0.49		1.0	-0.52	-0.57	-0.67	-0.83
Cash And Short Term Investments	-0.33	-0.33	-0.01	0.17	0.07	-0.63	-0.48	-0.85	-0.2	0.2	-0.65	-0.33	-0.72	0.54	-0.37	0.25	-0.81	-0.33	0.43	-0.49	1.0		-0.52	-0.57	-0.67	-0.83
Other Current Assets	0.54	-0.23	0.43	0.1	0.37	0.37	-0.12	0.19	0.44	-0.23	0.3	0.7	0.64	0.01	-0.22	-0.43	0.29	-0.19	0.12	-0.22	-0.52	-0.52		0.38	0.48	0.42
Intangible Assets	0.21	0.14	0.13	-0.38	-0.19	-0.03	0.42	0.29	-0.17	-0.58	-0.03	0.27	0.42	-0.22	-0.08	-0.17	0.26	-0.39	-0.12	0.13	-0.57	-0.57	0.38		0.25	0.59
Other Liab	0.37	0.3	-0.27	-0.27	0.1	0.84	0.36	0.64	0.37	-0.1	0.85	0.41	0.38	-0.43	0.57	-0.38	0.73	0.48	-0.44	0.48	-0.67	-0.67	0.48	0.25		0.83
Net Tangible Assets	0.44	0.34	-0.14	-0.29	0.03	0.72	0.5	0.72	0.3	-0.22	0.74	0.4	0.59	-0.51	0.47	-0.35	0.86	0.35	-0.4	0.5	-0.83	-0.83	0.42	0.59	0.83

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Vitreous Glass Account Relationship Matchups

Vitreous Glass fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5M	5.1M	5.5M	5.4M	4.9M	5.2M
Other Current Liab	599.6K	446.2K	399.0K	510.3K	459.3K	441.2K
Total Current Liabilities	980.2K	734.2K	841.8K	857.6K	771.9K	1.1M
Total Stockholder Equity	4.2M	4.2M	4.3M	4.2M	4.8M	4.8M
Property Plant And Equipment Net	1.7M	1.7M	2.1M	2.1M	1.8M	2.8M
Net Debt	(1.4M)	(2.3M)	(1.6M)	(2.2M)	(2.0M)	(1.9M)
Retained Earnings	1.2M	1.1M	1.2M	1.1M	1.3M	2.0M
Accounts Payable	367.8K	269.2K	424.0K	326.7K	294.0K	557.1K
Non Current Assets Total	1.7M	1.7M	2.1M	2.1M	1.8M	2.9M
Net Receivables	1.3M	448.4K	561.9K	347.3K	312.6K	297.0K
Common Stock Shares Outstanding	6.3M	6.4M	6.5M	6.5M	7.4M	6.2M
Liabilities And Stockholders Equity	5.5M	5.1M	5.5M	5.4M	4.9M	5.2M
Non Current Liabilities Total	284.3K	251.5K	394.9K	400.7K	360.6K	585.3K
Inventory	905.3K	521.3K	1.0M	702.0K	807.3K	639.3K
Total Liab	1.3M	985.7K	1.2M	1.3M	1.1M	1.7M
Total Current Assets	3.8M	3.5M	3.4M	3.4M	3.9M	3.2M
Cash	1.5M	2.5M	1.7M	2.3M	2.6M	2.7M
Cash And Short Term Investments	1.5M	2.5M	1.7M	2.3M	2.6M	2.7M
Other Current Assets	40.8K	42.3K	56.1K	44.4K	51.0K	48.5K
Other Liab	183.2K	160.8K	151.8K	313.9K	282.5K	249.4K
Net Tangible Assets	3.8M	4.2M	4.2M	4.3M	3.8M	3.6M
Property Plant Equipment	1.7M	1.7M	1.7M	2.1M	1.9M	1.8M
Net Invested Capital	4.2M	4.2M	4.3M	4.2M	3.7M	3.4M
Net Working Capital	2.8M	2.7M	2.5M	2.5M	2.9M	2.8M

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