Union Net Invested Capital vs Accounts Payable Analysis
| 688403 Stock | 9.34 0.16 1.74% |
Union Semiconductor financial indicator trend analysis is much more than just breaking down Union Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Union Semiconductor is a good investment. Please check the relationship between Union Semiconductor Net Invested Capital and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Union Semiconductor 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 board of governors.
Net Invested Capital vs Accounts Payable
Net Invested Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Union Semiconductor Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Union Semiconductor's Net Invested Capital and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Union Semiconductor Co, assuming nothing else is changed. The correlation between historical values of Union Semiconductor's Net Invested Capital 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 Net Invested Capital of Union Semiconductor 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 Net Invested Capital i.e., Union Semiconductor's Net Invested Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Accounts Payable
An accounting item on the balance sheet that represents Union Semiconductor 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 Union Semiconductor 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 Union Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Union Semiconductor 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 Union Semiconductor 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 board of governors. As of November 28, 2024, Selling General Administrative is expected to decline to about 30 M. In addition to that, Tax Provision is expected to decline to about (422.2 K)
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 271.7K | 8.7M | 4.8K | 4.5K | Interest Income | 839.7K | 2.2M | 2.1M | 1.6M |
Union Semiconductor fundamental ratios Correlations
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Union Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Union Stock
Balance Sheet is a snapshot of the financial position of Union Semiconductor at a specified time, usually calculated after every quarter, six months, or one year. Union Semiconductor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Union Semiconductor 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 Union currently owns. An asset can also be divided into two categories, current and non-current.