63MOONS Accounts Payable vs Property Plant And Equipment Net Analysis

63MOONS Stock   579.20  1.35  0.23%   
63 Moons financial indicator trend analysis is way more than just evaluating 63 moons technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 63 moons technologies is a good investment. Please check the relationship between 63 Moons Accounts Payable and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 63 moons technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Accounts Payable vs Property Plant And Equipment Net

Accounts Payable vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 63 moons technologies Accounts Payable account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between 63 Moons' Accounts Payable and Property Plant And Equipment Net is 0.67. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of 63 moons technologies, assuming nothing else is changed. The correlation between historical values of 63 Moons' Accounts Payable and Property Plant And Equipment Net 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 63 moons technologies are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Accounts Payable i.e., 63 Moons' Accounts Payable and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents 63 Moons 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 63 moons technologies 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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from 63 Moons' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 63 moons technologies 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 63 moons technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Selling General Administrative is likely to drop to about 9.3 M in 2024. Tax Provision is likely to drop to about 14.7 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense4.7M6.3M9.7M9.2M
Depreciation And Amortization103.9M212.9M302.9M235.2M

63 Moons fundamental ratios Correlations

0.490.610.680.710.240.630.590.630.050.810.680.420.150.130.530.840.050.50.520.240.410.380.150.050.12
0.490.89-0.230.730.780.770.570.1-0.150.620.140.84-0.090.260.920.74-0.10.05-0.350.780.480.91-0.430.360.25
0.610.89-0.120.710.720.920.69-0.01-0.170.620.210.78-0.20.250.930.75-0.260.1-0.250.780.570.89-0.280.20.54
0.68-0.23-0.120.08-0.47-0.040.070.650.320.480.66-0.320.36-0.08-0.250.380.360.540.95-0.50.03-0.350.59-0.02-0.2
0.710.730.710.080.720.670.680.47-0.310.560.330.86-0.170.250.850.69-0.310.18-0.080.710.480.65-0.45-0.110.15
0.240.780.72-0.470.720.640.39-0.01-0.460.19-0.020.9-0.260.090.870.33-0.39-0.06-0.590.910.240.83-0.71-0.010.34
0.630.770.92-0.040.670.640.730.09-0.150.580.230.74-0.170.150.870.73-0.340.12-0.210.730.590.81-0.120.080.45
0.590.570.690.070.680.390.730.09-0.230.570.010.7-0.30.510.730.66-0.49-0.14-0.090.690.60.52-0.17-0.160.5
0.630.1-0.010.650.47-0.010.090.090.090.340.620.140.28-0.020.080.420.190.510.55-0.140.20.010.21-0.19-0.56
0.05-0.15-0.170.32-0.31-0.46-0.15-0.230.090.230.42-0.440.470.17-0.320.090.670.460.3-0.5-0.2-0.260.310.39-0.31
0.810.620.620.480.560.190.580.570.340.230.530.410.320.10.530.940.30.370.320.240.290.440.140.550.07
0.680.140.210.660.33-0.020.230.010.620.420.530.00.510.010.110.510.460.970.6-0.20.00.040.190.19-0.31
0.420.840.78-0.320.860.90.740.70.14-0.440.410.0-0.270.270.950.56-0.45-0.1-0.490.950.430.83-0.62-0.030.3
0.15-0.09-0.20.36-0.17-0.26-0.17-0.30.280.470.320.51-0.27-0.19-0.240.130.860.540.3-0.42-0.63-0.190.350.48-0.53
0.130.260.25-0.080.250.090.150.51-0.020.170.10.010.27-0.190.270.14-0.17-0.01-0.120.30.230.14-0.23-0.270.25
0.530.920.93-0.250.850.870.870.730.08-0.320.530.110.95-0.240.270.68-0.370.01-0.40.920.520.91-0.490.080.42
0.840.740.750.380.690.330.730.660.420.090.940.510.560.130.140.680.10.350.230.390.550.620.050.40.08
0.05-0.1-0.260.36-0.31-0.39-0.34-0.490.190.670.30.46-0.450.86-0.17-0.370.10.490.36-0.59-0.56-0.230.350.64-0.52
0.50.050.10.540.18-0.060.12-0.140.510.460.370.97-0.10.54-0.010.010.350.490.52-0.26-0.09-0.030.150.21-0.38
0.52-0.35-0.250.95-0.08-0.59-0.21-0.090.550.30.320.6-0.490.3-0.12-0.40.230.360.52-0.630.02-0.50.57-0.01-0.25
0.240.780.78-0.50.710.910.730.69-0.14-0.50.24-0.20.95-0.420.30.920.39-0.59-0.26-0.630.420.82-0.66-0.090.51
0.410.480.570.030.480.240.590.60.2-0.20.290.00.43-0.630.230.520.55-0.56-0.090.020.420.48-0.02-0.150.24
0.380.910.89-0.350.650.830.810.520.01-0.260.440.040.83-0.190.140.910.62-0.23-0.03-0.50.820.48-0.380.210.37
0.15-0.43-0.280.59-0.45-0.71-0.12-0.170.210.310.140.19-0.620.35-0.23-0.490.050.350.150.57-0.66-0.02-0.380.08-0.18
0.050.360.2-0.02-0.11-0.010.08-0.16-0.190.390.550.19-0.030.48-0.270.080.40.640.21-0.01-0.09-0.150.210.08-0.2
0.120.250.54-0.20.150.340.450.5-0.56-0.310.07-0.310.3-0.530.250.420.08-0.52-0.38-0.250.510.240.37-0.18-0.2
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63 Moons Account Relationship Matchups

63 Moons fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.0B33.5B33.7B34.7B36.5B31.8B
Other Current Liab264.3M2.5B2.5B3.3B1.8B2.2B
Total Current Liabilities2.5B2.7B2.8B3.6B3.1B4.4B
Total Stockholder Equity31.3B30.6B31.0B31.2B33.5B23.4B
Property Plant And Equipment Net2.2B2.1B2.1B2.1B2.1B3.0B
Net Debt(1.7B)(1.6B)(2.3B)(2.1B)(554.7M)(526.9M)
Accounts Payable267.7M274.3M292.7M237.7M285.0M414.2M
Cash1.7B1.6B2.3B2.1B606.4M576.1M
Non Current Assets Total16.1B15.6B14.2B14.6B17.6B14.6B
Cash And Short Term Investments13.4B13.6B15.4B18.5B14.2B11.8B
Liabilities And Stockholders Equity34.0B33.5B33.7B34.7B36.5B31.8B
Non Current Liabilities Total171.0M160.5M130.8M203.0M195.6M185.8M
Other Current Assets4.5B3.4B3.6B3.9B4.1B4.3B
Other Stockholder Equity(27.5B)7.1B7.6B4.7B1.6B1.5B
Total Liab2.7B2.9B2.9B3.8B3.3B6.0B
Total Current Assets17.9B17.8B19.5B20.1B18.8B16.2B
Accumulated Other Comprehensive Income(2.0B)2.9B3.0B3.2B3.2B3.4B
Intangible Assets487.7M470.5M651.0M730.5M566.1M594.4M
Retained Earnings24.1B23.4B23.3B23.2B28.6B18.3B
Short Long Term Debt Total17.0M5.0M2.8M42.0M51.7M49.1M
Net Receivables(420.5M)432.9M240.6M448.8M464.6M441.4M
Inventory420.5M308.4M209.7M193.8M191.8M182.2M
Current Deferred Revenue2.0B2.2B910.7M1.9B954.2M1.2B
Short Term Investments11.7B12.0B13.1B16.4B13.6B12.3B
Short Term Debt8.2M1.1M1.5M16.1M(925.6M)(879.4M)
Other Assets2.2B1.1B3.0B2.4B1.00.95
Long Term Debt Total8.8M3.9M1.3M25.9M23.3M22.2M
Property Plant Equipment2.2B2.1B2.1B2.1B1.9B2.0B
Non Current Liabilities Other39.6M711K2.0M1.0M948K900.6K
Cash And Equivalents1.5B1.5B2.2B10.0B11.5B12.0B
Net Invested Capital31.3B30.6B31.0B31.2B33.5B25.4B
Net Working Capital15.4B15.1B16.7B16.5B15.8B17.5B

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