| 300528 Stock | | | 9.64 0.27 2.88% |
Omnijoi Media financial indicator trend analysis is much more than just breaking down Omnijoi Media Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omnijoi Media Corp is a good investment. Please check the relationship between Omnijoi Media Accounts Payable and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Omnijoi Media Corp. 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.
Accounts Payable vs Other Current Assets
Accounts Payable vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Omnijoi Media Corp Accounts Payable account and
Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Omnijoi Media's Accounts Payable and Other Current Assets is 0.23. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Omnijoi Media Corp, assuming nothing else is changed. The correlation between historical values of Omnijoi Media's Accounts Payable and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Omnijoi Media Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Omnijoi Media's Accounts Payable and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Omnijoi Media 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 Omnijoi Media Corp 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.
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.
Most indicators from Omnijoi Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omnijoi Media Corp 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 Omnijoi Media Corp. 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.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 19.8
M. The current year's
Tax Provision is expected to grow to about (5.4
M)
Omnijoi Media fundamental ratios Correlations
Click cells to compare fundamentals
Omnijoi Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omnijoi Media fundamental ratios Accounts
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Other Information on Investing in Omnijoi Stock
Balance Sheet is a snapshot of the
financial position of Omnijoi Media Corp at a specified time, usually calculated after every quarter, six months, or one year. Omnijoi Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Omnijoi Media 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 Omnijoi currently owns. An asset can also be divided into two categories, current and non-current.