ICoreConnect Payables Turnover from 2010 to 2024

ICCT Stock  USD 0.17  0.01  5.56%   
ICoreConnect Common Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover is likely to outpace its year average in 2024. Payables Turnover is a liquidity ratio that shows how quickly iCoreConnect Common stock pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
0.62563476
Current Value
0.66
Quarterly Volatility
0.32026392
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ICoreConnect Common financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ICoreConnect Common's main balance sheet or income statement drivers, such as Depreciation And Amortization of 699.2 K, Interest Expense of 2.5 M or Selling General Administrative of 13.8 M, as well as many indicators such as Price To Sales Ratio of 1.06, Dividend Yield of 0.0 or PTB Ratio of 1.95. ICoreConnect financial statements analysis is a perfect complement when working with ICoreConnect Common Valuation or Volatility modules.
  
Check out the analysis of ICoreConnect Common Correlation against competitors.

Latest ICoreConnect Common's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of iCoreConnect Common stock over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. ICoreConnect Common's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ICoreConnect Common's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

ICoreConnect Payables Turnover Regression Statistics

Arithmetic Mean0.38
Coefficient Of Variation85.29
Mean Deviation0.26
Median0.30
Standard Deviation0.32
Sample Variance0.10
Range0.9665
R-Value0.78
Mean Square Error0.04
R-Squared0.61
Significance0.0006
Slope0.06
Total Sum of Squares1.44

ICoreConnect Payables Turnover History

2024 0.66
2023 0.63
2021 0.96
2020 0.61
2018 -0.003904
2014 0.3
2013 0.0815

About ICoreConnect Common Financial Statements

ICoreConnect Common shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although ICoreConnect Common investors may analyze each financial statement separately, they are all interrelated. The changes in ICoreConnect Common's assets and liabilities, for example, are also reflected in the revenues and expenses on on ICoreConnect Common's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 0.63  0.66 

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Additional Tools for ICoreConnect Stock Analysis

When running ICoreConnect Common's price analysis, check to measure ICoreConnect Common'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 ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.