Kontour Accounts Payable vs Net Receivables Analysis
| 688314 Stock | 28.62 0.38 1.35% |
Kontour Medical financial indicator trend analysis is infinitely more than just investigating Kontour Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kontour Medical Tech is a good investment. Please check the relationship between Kontour Medical Accounts Payable and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kontour Medical Technology. 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.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kontour Medical Tech Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Kontour Medical's Accounts Payable and Net Receivables is 0.94. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Kontour Medical Technology, assuming nothing else is changed. The correlation between historical values of Kontour Medical's Accounts Payable and Net Receivables 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 Kontour Medical Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Kontour Medical's Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Kontour Medical 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 Kontour Medical Tech 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.Net Receivables
Most indicators from Kontour Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kontour Medical Tech 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 Kontour Medical Technology. 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. As of November 30, 2024, Tax Provision is expected to decline to about 13.7 M. In addition to that, Selling General Administrative is expected to decline to about 56.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 1.8M | 3.4M | 3.2M | 2.2M | Tax Provision | 14.2M | 14.3M | 17.3M | 13.7M |
Kontour Medical fundamental ratios Correlations
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Kontour Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Kontour Stock
Balance Sheet is a snapshot of the financial position of Kontour Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Kontour Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kontour Medical 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 Kontour currently owns. An asset can also be divided into two categories, current and non-current.