Agro Accounts Payable vs Net Receivables Analysis

ATFL Stock

888.15 35.35 4.15%

Agro Tech financial indicator trend analysis is way more than just evaluating Agro Tech Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agro Tech Foods is a good investment. Please check the relationship between Agro Tech Accounts Payable and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agro Tech Foods. 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 Agro Tech Foods Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Agro Tech's Accounts Payable and Net Receivables is 0.58. 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 Agro Tech Foods, assuming nothing else is changed. The correlation between historical values of Agro Tech'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 Agro Tech Foods 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., Agro Tech's Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Agro Tech 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 Agro Tech Foods 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 Agro Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agro Tech Foods 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 Agro Tech Foods. 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.

Selling General Administrative is likely to gain to about 1.7 B in 2024, whereas Tax Provision is likely to drop slightly above 37 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	2.9B	2.0B	3.6B
Total Revenue	9.2B	8.5B	7.6B	6.7B

Gross Profit Total Revenue

Agro Tech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.39	-0.65	0.7	0.98	0.87	0.47	0.97	0.59	-0.36	0.96	-0.27	-0.7	0.58	-0.03	-0.68	0.17	0.89	0.67	-0.11	0.68	0.89	-0.55	-0.07	-0.08	0.89
Short Long Term Debt Total	0.39		-0.19	0.89	0.22	0.26	0.9	0.22	-0.05	-0.23	0.32	0.0	-0.28	0.15	0.09	-0.24	0.34	0.6	0.12	0.2	0.89	0.46	-0.06	0.01	0.62	0.29
Other Current Liab	-0.65	-0.19		-0.31	-0.69	-0.64	-0.27	-0.63	-0.21	0.19	-0.67	0.62	0.64	-0.53	0.22	0.61	0.03	-0.5	-0.39	0.34	-0.27	-0.51	0.36	-0.09	0.26	-0.47
Total Current Liabilities	0.7	0.89	-0.31		0.55	0.57	0.86	0.53	0.24	-0.29	0.65	0.07	-0.59	0.23	0.0	-0.57	0.23	0.88	0.36	0.29	0.96	0.67	-0.22	0.05	0.49	0.55
Total Stockholder Equity	0.98	0.22	-0.69	0.55		0.86	0.3	0.98	0.63	-0.31	0.96	-0.31	-0.67	0.62	-0.05	-0.67	0.07	0.8	0.68	-0.18	0.52	0.85	-0.58	-0.09	-0.2	0.87
Property Plant And Equipment Net	0.87	0.26	-0.64	0.57	0.86		0.39	0.87	0.66	-0.2	0.82	-0.33	-0.67	0.5	-0.48	-0.7	0.17	0.74	0.87	-0.08	0.55	0.81	-0.63	0.4	-0.33	0.88
Net Debt	0.47	0.9	-0.27	0.86	0.3	0.39		0.32	-0.01	-0.52	0.44	-0.07	-0.45	0.16	-0.04	-0.37	0.56	0.65	0.18	0.15	0.92	0.45	0.05	0.11	0.4	0.36
Retained Earnings	0.97	0.22	-0.63	0.53	0.98	0.87	0.32		0.7	-0.36	0.92	-0.33	-0.58	0.65	-0.09	-0.57	0.2	0.77	0.73	-0.25	0.54	0.89	-0.61	-0.06	-0.26	0.92
Accounts Payable	0.59	-0.05	-0.21	0.24	0.63	0.66	-0.01	0.7		-0.18	0.45	-0.06	-0.15	0.58	-0.4	-0.16	0.04	0.41	0.71	-0.23	0.22	0.74	-0.64	0.2	-0.46	0.7
Cash	-0.36	-0.23	0.19	-0.29	-0.31	-0.2	-0.52	-0.36	-0.18		-0.38	0.1	0.27	-0.34	-0.04	0.12	-0.45	-0.28	0.06	0.25	-0.39	-0.25	-0.36	0.17	0.05	-0.19
Non Current Assets Total	0.96	0.32	-0.67	0.65	0.96	0.82	0.44	0.92	0.45	-0.38		-0.25	-0.81	0.43	0.03	-0.8	0.11	0.87	0.55	0.0	0.62	0.74	-0.39	-0.13	-0.05	0.78
Non Currrent Assets Other	-0.27	0.0	0.62	0.07	-0.31	-0.33	-0.07	-0.33	-0.06	0.1	-0.25		0.12	-0.53	0.11	0.09	-0.25	0.04	-0.27	0.63	-0.01	-0.26	0.32	-0.02	0.44	-0.33
Cash And Short Term Investments	-0.7	-0.28	0.64	-0.59	-0.67	-0.67	-0.45	-0.58	-0.15	0.27	-0.81	0.12		-0.1	0.16	0.98	0.06	-0.79	-0.31	-0.28	-0.52	-0.38	0.07	-0.14	-0.02	-0.41
Net Receivables	0.58	0.15	-0.53	0.23	0.62	0.5	0.16	0.65	0.58	-0.34	0.43	-0.53	-0.1		-0.14	-0.03	0.08	0.26	0.38	-0.76	0.23	0.74	-0.52	-0.03	-0.31	0.61
Common Stock Shares Outstanding	-0.03	0.09	0.22	0.0	-0.05	-0.48	-0.04	-0.09	-0.4	-0.04	0.03	0.11	0.16	-0.14		0.2	0.02	0.01	-0.46	0.05	0.04	-0.14	0.23	-0.94	0.52	-0.17
Short Term Investments	-0.68	-0.24	0.61	-0.57	-0.67	-0.7	-0.37	-0.57	-0.16	0.12	-0.8	0.09	0.98	-0.03	0.2		0.12	-0.77	-0.39	-0.36	-0.47	-0.36	0.15	-0.19	-0.01	-0.44
Non Current Liabilities Total	0.17	0.34	0.03	0.23	0.07	0.17	0.56	0.2	0.04	-0.45	0.11	-0.25	0.06	0.08	0.02	0.12		0.16	0.24	-0.16	0.48	0.25	-0.11	-0.02	-0.16	0.33
Inventory	0.89	0.6	-0.5	0.88	0.8	0.74	0.65	0.77	0.41	-0.28	0.87	0.04	-0.79	0.26	0.01	-0.77	0.16		0.52	0.28	0.84	0.75	-0.38	-0.03	0.22	0.7
Other Current Assets	0.67	0.12	-0.39	0.36	0.68	0.87	0.18	0.73	0.71	0.06	0.55	-0.27	-0.31	0.38	-0.46	-0.39	0.24	0.52		-0.12	0.38	0.76	-0.81	0.42	-0.41	0.88
Other Stockholder Equity	-0.11	0.2	0.34	0.29	-0.18	-0.08	0.15	-0.25	-0.23	0.25	0.0	0.63	-0.28	-0.76	0.05	-0.36	-0.16	0.28	-0.12		0.22	-0.28	0.24	0.09	0.44	-0.23
Total Liab	0.68	0.89	-0.27	0.96	0.52	0.55	0.92	0.54	0.22	-0.39	0.62	-0.01	-0.52	0.23	0.04	-0.47	0.48	0.84	0.38	0.22		0.67	-0.22	0.01	0.4	0.58
Total Current Assets	0.89	0.46	-0.51	0.67	0.85	0.81	0.45	0.89	0.74	-0.25	0.74	-0.26	-0.38	0.74	-0.14	-0.36	0.25	0.75	0.76	-0.28	0.67		-0.74	0.04	-0.11	0.93
Intangible Assets	-0.55	-0.06	0.36	-0.22	-0.58	-0.63	0.05	-0.61	-0.64	-0.36	-0.39	0.32	0.07	-0.52	0.23	0.15	-0.11	-0.38	-0.81	0.24	-0.22	-0.74		-0.15	0.38	-0.76
Common Stock	-0.07	0.01	-0.09	0.05	-0.09	0.4	0.11	-0.06	0.2	0.17	-0.13	-0.02	-0.14	-0.03	-0.94	-0.19	-0.02	-0.03	0.42	0.09	0.01	0.04	-0.15		-0.32	0.1
Other Liab	-0.08	0.62	0.26	0.49	-0.2	-0.33	0.4	-0.26	-0.46	0.05	-0.05	0.44	-0.02	-0.31	0.52	-0.01	-0.16	0.22	-0.41	0.44	0.4	-0.11	0.38	-0.32		-0.25
Net Tangible Assets	0.89	0.29	-0.47	0.55	0.87	0.88	0.36	0.92	0.7	-0.19	0.78	-0.33	-0.41	0.61	-0.17	-0.44	0.33	0.7	0.88	-0.23	0.58	0.93	-0.76	0.1	-0.25

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Agro Tech Account Relationship Matchups

Agro Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1B	5.5B	6.2B	6.4B	6.4B	4.2B
Other Current Liab	26.5M	135.9M	176.1M	54.7M	169.0M	134.7M
Total Current Liabilities	690.0M	842.5M	1.3B	1.3B	1.2B	973.9M
Total Stockholder Equity	4.1B	4.4B	4.6B	4.9B	5.0B	3.1B
Property Plant And Equipment Net	2.6B	2.9B	3.0B	3.2B	3.4B	3.5B
Net Debt	157.9M	28.1M	445.3M	553.1M	290.3M	304.8M
Retained Earnings	3.2B	3.4B	3.6B	3.7B	4.0B	2.3B
Accounts Payable	482.7M	620.3M	694.2M	534.7M	592.7M	596.6M
Cash	50.5M	116.5M	54.2M	67.2M	129.8M	158.7M
Non Current Assets Total	3.0B	3.3B	3.5B	3.7B	3.8B	2.2B
Non Currrent Assets Other	(2.7B)	232.8M	210.7M	305.6M	294.9M	195.8M
Cash And Short Term Investments	189.8M	176.5M	60.6M	80.2M	129.8M	123.3M
Net Receivables	929.7M	372.2M	793.5M	691.9M	670.0M	520.3M
Common Stock Shares Outstanding	23.6M	23.7M	23.9M	24.0M	24.2M	19.3M
Short Term Investments	139.2M	60.0M	6.4M	13M	11.4M	10.8M
Liabilities And Stockholders Equity	5.1B	5.5B	6.2B	6.4B	6.4B	4.2B
Non Current Liabilities Total	294.8M	255.7M	257.5M	259.8M	259.3M	212.2M
Inventory	779.9M	1.2B	1.6B	1.7B	1.5B	1.0B
Other Current Assets	177.2M	374.3M	264.6M	289.4M	348.2M	365.6M
Other Stockholder Equity	(3.6B)	375.7M	441.0M	624.3M	721.3M	757.4M
Total Liab	984.7M	1.1B	1.6B	1.5B	1.4B	1.2B
Total Current Assets	2.1B	2.2B	2.7B	2.7B	2.6B	2.0B
Accumulated Other Comprehensive Income	(554.7M)	322.0M	329.8M	329.8M	48.3M	50.7M
Intangible Assets	191.8M	172.1M	152.5M	145.8M	139.3M	188.5M
Other Liab	112.6M	131.2M	157.1M	174.8M	157.3M	125.9M
Net Tangible Assets	3.5B	3.9B	4.2B	4.5B	5.1B	3.7B
Current Deferred Revenue	154.5M	158.6M	192.5M	146.7M	36.1M	34.3M
Other Assets	317.4M	276.5M	327.9M	101.8M	91.7M	87.1M
Short Term Debt	26.3M	57.1M	399.1M	535.3M	355.6M	288.3M
Property Plant Equipment	2.5B	2.9B	3.0B	3.2B	3.6B	2.4B
Long Term Debt Total	182.2M	124.5M	100.3M	85.0M	97.8M	77.3M
Net Invested Capital	4.1B	4.4B	5.0B	5.4B	5.3B	4.9B
Net Working Capital	1.4B	1.3B	1.4B	1.5B	1.4B	1.5B

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Agro Accounts Payable vs Net Receivables Analysis

Accounts Payable vs Net Receivables

Accounts Payable vs Net Receivables Correlation Analysis

Correlation Coefficient

Accounts Payable

Net Receivables

Agro Tech fundamental ratios Correlations

Agro Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Agro Tech fundamental ratios Accounts

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COMPANY

Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Short Term Investments	+ 0.98	Cash And Short Term Investments
Retained Earnings	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Total Liab	+ 0.96	Total Current Liabilities

Common Stock	- 0.94	Common Stock Shares Outstanding
Intangible Assets	- 0.81	Other Current Assets
Cash And Short Term Investments	- 0.81	Non Current Assets Total
Short Term Investments	- 0.8	Non Current Assets Total
Inventory	- 0.79	Cash And Short Term Investments
Inventory	- 0.77	Short Term Investments