Era Common Stock vs Accounts Payable Analysis

002641 Stock   4.73  0.07  1.50%   
Era financial indicator trend analysis is much more than just examining Era Co latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Era Co is a good investment. Please check the relationship between Era Common Stock and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Era Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Common Stock vs Accounts Payable

Common Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Era Co Common Stock account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Era's Common Stock and Accounts Payable is 0.87. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Era Co, assuming nothing else is changed. The correlation between historical values of Era's Common Stock 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 Common Stock of Era Co 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 Common Stock i.e., Era's Common Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock

Accounts Payable

An accounting item on the balance sheet that represents Era 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 Era Co 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 Era's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Era Co 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Era Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 39.3 M, whereas Selling General Administrative is forecasted to decline to about 410.7 M.
 2021 2022 2023 2024 (projected)
Operating Income667.8M426.1M602.5M421.6M
Total Revenue8.9B8.0B7.5B4.9B

Era fundamental ratios Correlations

-0.490.330.960.990.940.950.69-0.750.840.960.740.950.34-0.240.740.960.610.970.72-0.190.980.98-0.470.920.9
-0.490.23-0.43-0.52-0.33-0.3-0.670.8-0.69-0.54-0.68-0.35-0.430.65-0.69-0.44-0.04-0.48-0.390.36-0.41-0.550.9-0.44-0.23
0.330.230.450.240.290.38-0.290.040.070.390.00.36-0.20.38-0.030.420.190.380.10.210.450.290.320.230.46
0.96-0.430.450.930.880.90.63-0.670.760.980.660.890.23-0.110.680.990.460.990.6-0.091.00.96-0.340.820.93
0.99-0.520.240.930.940.940.72-0.780.860.930.760.950.37-0.310.770.930.630.950.74-0.220.940.97-0.520.940.86
0.94-0.330.290.880.940.960.66-0.60.750.840.60.960.31-0.040.60.90.720.890.71-0.190.910.88-0.370.970.91
0.95-0.30.380.90.940.960.59-0.570.780.880.581.00.34-0.110.570.910.730.910.78-0.220.930.87-0.330.930.91
0.69-0.67-0.290.630.720.660.59-0.830.830.620.820.60.67-0.390.850.640.330.650.6-0.550.630.72-0.650.670.61
-0.750.80.04-0.67-0.78-0.6-0.57-0.83-0.9-0.7-0.98-0.61-0.660.59-0.98-0.64-0.29-0.69-0.650.53-0.67-0.80.72-0.66-0.52
0.84-0.690.070.760.860.750.780.83-0.90.790.90.80.71-0.510.890.760.540.790.88-0.570.780.82-0.70.820.65
0.96-0.540.390.980.930.840.880.62-0.70.790.670.880.21-0.240.680.970.480.990.64-0.070.980.96-0.470.810.87
0.74-0.680.00.660.760.60.580.82-0.980.90.670.610.71-0.530.990.630.320.680.68-0.570.660.78-0.630.650.54
0.95-0.350.360.890.950.961.00.6-0.610.80.880.610.37-0.170.60.90.740.910.8-0.250.930.88-0.390.950.89
0.34-0.43-0.20.230.370.310.340.67-0.660.710.210.710.37-0.410.660.180.280.240.64-0.980.250.3-0.440.380.23
-0.240.650.38-0.11-0.31-0.04-0.11-0.390.59-0.51-0.24-0.53-0.17-0.41-0.54-0.1-0.12-0.18-0.460.32-0.12-0.280.7-0.210.11
0.74-0.69-0.030.680.770.60.570.85-0.980.890.680.990.60.66-0.540.650.310.680.64-0.510.670.8-0.630.650.55
0.96-0.440.420.990.930.90.910.64-0.640.760.970.630.90.18-0.10.650.540.980.61-0.040.990.96-0.40.860.94
0.61-0.040.190.460.630.720.730.33-0.290.540.480.320.740.28-0.120.310.540.50.73-0.20.550.5-0.350.760.55
0.97-0.480.380.990.950.890.910.65-0.690.790.990.680.910.24-0.180.680.980.50.66-0.090.990.97-0.420.850.91
0.72-0.390.10.60.740.710.780.6-0.650.880.640.680.80.64-0.460.640.610.730.66-0.520.650.63-0.520.790.54
-0.190.360.21-0.09-0.22-0.19-0.22-0.550.53-0.57-0.07-0.57-0.25-0.980.32-0.51-0.04-0.2-0.09-0.52-0.11-0.140.37-0.25-0.11
0.98-0.410.451.00.940.910.930.63-0.670.780.980.660.930.25-0.120.670.990.550.990.65-0.110.96-0.360.850.94
0.98-0.550.290.960.970.880.870.72-0.80.820.960.780.880.3-0.280.80.960.50.970.63-0.140.96-0.50.860.87
-0.470.90.32-0.34-0.52-0.37-0.33-0.650.72-0.7-0.47-0.63-0.39-0.440.7-0.63-0.4-0.35-0.42-0.520.37-0.36-0.5-0.51-0.19
0.92-0.440.230.820.940.970.930.67-0.660.820.810.650.950.38-0.210.650.860.760.850.79-0.250.850.86-0.510.82
0.9-0.230.460.930.860.910.910.61-0.520.650.870.540.890.230.110.550.940.550.910.54-0.110.940.87-0.190.82
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Era Account Relationship Matchups

Era fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.7B7.6B8.3B8.4B8.3B4.9B
Short Long Term Debt Total85.8M78.5M68.4M112.2M98.3M93.4M
Other Current Liab249.9M27.2M16.3M525.1M66.8M63.4M
Total Current Liabilities2.2B2.7B3.1B3.0B2.5B1.8B
Total Stockholder Equity3.4B4.7B5.1B5.0B5.4B3.0B
Other Liab123.1M168.1M171.8M183.7M211.3M114.7M
Property Plant And Equipment Net1.8B2.0B2.5B2.8B2.8B1.7B
Current Deferred Revenue481.6M873.5M713.3M191.6M790.4M830.0M
Net Debt(910.4M)(1.6B)(1.4B)(1.3B)(1.8B)(1.7B)
Retained Earnings1.3B1.9B2.3B2.3B2.6B2.7B
Accounts Payable1.4B1.7B2.3B2.2B1.6B1.1B
Cash996.3M1.7B1.5B1.4B1.9B2.0B
Non Current Assets Total2.3B2.6B3.3B3.7B3.8B2.2B
Non Currrent Assets Other5.5M337.2M269.0M134.5M3.5B3.7B
Other Assets55.3M66.5M73.6M1.01.151.09
Cash And Short Term Investments996.3M2.1B1.6B1.4B1.9B2.0B
Net Receivables1.4B1.7B1.9B1.9B1.4B986.9M
Liabilities And Stockholders Equity5.7B7.6B8.3B8.4B8.3B4.9B
Non Current Liabilities Total168.1M171.8M217.8M319.4M307.8M179.2M
Inventory988.7M1.2B1.6B1.4B1.2B793.2M
Other Current Assets7.7M21.9M65.7M72.1M74.8M78.6M
Other Stockholder Equity637.2M1.2B1.2B1.2B(3.7B)(3.6B)
Total Liab2.3B2.8B3.3B3.3B2.8B1.9B
Total Current Assets3.4B5.0B5.1B4.7B4.6B2.7B
Short Term Debt85.8M78.5M34.4M76.8M64.8M61.6M
Intangible Assets387.6M406.5M412.0M451.1M492.7M323.2M
Property Plant Equipment1.8B1.8B2.0B2.5B2.9B1.5B
Short Term Investments0.43330M56M(89.4M)3.2B3.4B
Net Tangible Assets2.6B2.9B4.2B4.6B5.3B3.3B
Deferred Long Term Liab7.4M5.5M7.2M11.5M10.4M9.1M
Short Long Term Debt85.8M78.5M30.5M70.0M60.4M57.3M
Net Invested Capital3.5B4.8B5.1B5.1B5.4B4.8B
Net Working Capital1.2B2.3B2.0B1.7B2.1B1.7B

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Other Information on Investing in Era Stock

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