Commerce Long Term Investments vs Total Current Assets Analysis

CCE Stock  CAD 0.07  0.01  6.25%   
Commerce Resources financial indicator trend analysis is way more than just evaluating Commerce Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commerce Resources Corp is a good investment. Please check the relationship between Commerce Resources Long Term Investments and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Resources 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 board of governors.

Long Term Investments vs Total Current Assets

Long Term Investments vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commerce Resources Corp Long Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Commerce Resources' Long Term Investments and Total Current Assets is 0.27. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Commerce Resources Corp, assuming nothing else is changed. The correlation between historical values of Commerce Resources' Long Term Investments and Total 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 Long Term Investments of Commerce Resources Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Investments i.e., Commerce Resources' Long Term Investments and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Long Term Investments

Long Term Investments is an item on the asset side of Commerce Resources balance sheet that represents investments Commerce Resources Corp intends to hold for over a year. Commerce Resources Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Commerce Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commerce Resources 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 Commerce Resources 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 board of governors.
Selling General Administrative is likely to climb to about 1.3 M in 2024, despite the fact that Tax Provision is likely to grow to (389.5 K).

Commerce Resources fundamental ratios Correlations

0.260.070.171.00.24-0.4-0.910.340.460.830.30.34-0.120.56-0.110.170.24-0.84-0.03-0.01-0.040.520.73-0.63-0.43
0.260.190.550.240.770.29-0.50.67-0.320.34-0.43-0.140.19-0.170.250.590.04-0.670.170.410.110.01-0.22-0.12-0.03
0.070.190.710.040.080.19-0.030.33-0.230.06-0.030.0-0.01-0.290.190.73-0.07-0.230.290.570.02-0.49-0.220.060.24
0.170.550.710.140.670.57-0.210.84-0.580.06-0.52-0.460.04-0.40.250.96-0.39-0.320.010.80.38-0.24-0.23-0.20.0
1.00.240.040.140.22-0.42-0.910.310.480.830.310.36-0.120.57-0.120.140.26-0.83-0.03-0.03-0.040.530.74-0.62-0.43
0.240.770.080.670.220.63-0.330.7-0.570.02-0.81-0.390.08-0.430.170.57-0.28-0.380.120.550.60.08-0.23-0.15-0.09
-0.40.290.190.57-0.420.630.380.37-0.97-0.62-0.88-0.750.21-0.860.280.43-0.570.270.060.650.7-0.55-0.720.310.21
-0.91-0.5-0.03-0.21-0.91-0.330.38-0.49-0.4-0.91-0.27-0.270.2-0.580.18-0.27-0.150.90.09-0.090.13-0.49-0.660.740.5
0.340.670.330.840.310.70.37-0.49-0.40.36-0.36-0.51-0.01-0.050.140.87-0.41-0.48-0.310.650.150.090.05-0.54-0.3
0.46-0.32-0.23-0.580.48-0.57-0.97-0.4-0.40.570.80.78-0.210.82-0.28-0.480.59-0.26-0.04-0.67-0.520.630.73-0.31-0.22
0.830.340.060.060.830.02-0.62-0.910.360.570.570.38-0.230.78-0.240.20.24-0.84-0.13-0.08-0.510.480.77-0.71-0.46
0.3-0.43-0.03-0.520.31-0.81-0.88-0.27-0.360.80.570.54-0.20.82-0.29-0.350.37-0.18-0.18-0.5-0.790.220.64-0.3-0.21
0.34-0.140.0-0.460.36-0.39-0.75-0.27-0.510.780.380.54-0.190.5-0.19-0.40.75-0.270.6-0.6-0.360.380.460.060.12
-0.120.19-0.010.04-0.120.080.210.2-0.01-0.21-0.23-0.2-0.19-0.280.920.00.49-0.1-0.03-0.150.15-0.17-0.460.540.31
0.56-0.17-0.29-0.40.57-0.43-0.86-0.58-0.050.820.780.820.5-0.28-0.38-0.240.33-0.37-0.27-0.56-0.660.670.89-0.59-0.43
-0.110.250.190.25-0.120.170.280.180.14-0.28-0.24-0.29-0.190.92-0.380.20.43-0.110.050.040.21-0.22-0.460.440.27
0.170.590.730.960.140.570.43-0.270.87-0.480.2-0.35-0.40.0-0.240.2-0.35-0.38-0.030.740.14-0.21-0.15-0.27-0.03
0.240.04-0.07-0.390.26-0.28-0.57-0.15-0.410.590.240.370.750.490.330.43-0.35-0.320.44-0.67-0.270.320.160.350.27
-0.84-0.67-0.23-0.32-0.83-0.380.270.9-0.48-0.26-0.84-0.18-0.27-0.1-0.37-0.11-0.38-0.32-0.09-0.150.16-0.27-0.390.440.25
-0.030.170.290.01-0.030.120.060.09-0.31-0.04-0.13-0.180.6-0.03-0.270.05-0.030.44-0.09-0.10.13-0.19-0.20.490.47
-0.010.410.570.8-0.030.550.65-0.090.65-0.67-0.08-0.5-0.6-0.15-0.560.040.74-0.67-0.15-0.10.37-0.55-0.37-0.22-0.08
-0.040.110.020.38-0.040.60.70.130.15-0.52-0.51-0.79-0.360.15-0.660.210.14-0.270.160.130.37-0.11-0.420.190.11
0.520.01-0.49-0.240.530.08-0.55-0.490.090.630.480.220.38-0.170.67-0.22-0.210.32-0.27-0.19-0.55-0.110.72-0.47-0.34
0.73-0.22-0.22-0.230.74-0.23-0.72-0.660.050.730.770.640.46-0.460.89-0.46-0.150.16-0.39-0.2-0.37-0.420.72-0.74-0.54
-0.63-0.120.06-0.2-0.62-0.150.310.74-0.54-0.31-0.71-0.30.060.54-0.590.44-0.270.350.440.49-0.220.19-0.47-0.740.78
-0.43-0.030.240.0-0.43-0.090.210.5-0.3-0.22-0.46-0.210.120.31-0.430.27-0.030.270.250.47-0.080.11-0.34-0.540.78
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Commerce Resources Account Relationship Matchups

Commerce Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets63.8M71.2M73.2M77.3M88.9M47.7M
Other Current Liab106.0K64.8K27.9K425.0K488.8K456.9K
Total Current Liabilities1.1M982.5K1.5M476.4K547.9K520.5K
Total Stockholder Equity62.7M70.2M71.6M76.7M88.2M46.5M
Property Plant And Equipment Net62.4M66.4M71.3M380.4K437.5K415.6K
Net Debt(1.1M)(3.3M)(364.8K)(3.8M)(4.4M)(4.6M)
Retained Earnings(35.0M)(35.5M)(36.2M)(37.9M)(34.1M)(32.4M)
Accounts Payable995.9K917.7K1.3M368.6K423.9K776.0K
Cash1.1M3.3M513.8K4.0M3.6M3.0M
Non Current Assets Total62.4M66.5M71.4M72.8M83.8M87.9M
Cash And Short Term Investments1.1M3.3M545.8K4.0M3.6M3.3M
Net Receivables36.2K307.1K567.3K35.5K32.0K30.4K
Common Stock Shares Outstanding45.2M75.0M90.4M98.9M113.8M119.5M
Liabilities And Stockholders Equity63.8M71.2M73.2M77.3M88.9M47.7M
Other Stockholder Equity9.6M231.4K10.1M89.5K80.5K76.5K
Total Liab1.1M982.5K1.6M571.0K656.7K1.3M
Total Current Assets1.4M4.7M1.8M4.5M4.0M4.3M
Short Term Investments40.3K52.9K32.0K28.6K32.9K31.3K
Non Current Liabilities Total995.9K0.0121.8K94.6K85.1K80.9K
Accumulated Other Comprehensive Income9.6M10.1M10.4M11.0M12.7M13.3M
Other Current Assets272.6K1.1M708.2K432.3K497.2K310.4K
Net Tangible Assets61.9M62.7M70.2M71.6M82.3M67.1M
Common Stock87.9M95.6M97.3M103.6M119.1M94.3M
Property Plant Equipment61.8M62.4M66.4M71.3M82.0M66.3M
Net Invested Capital62.7M70.2M71.6M76.7M88.2M72.9M
Net Working Capital300.0K3.7M346.3K4.0M4.6M4.8M
Capital Stock87.9M95.6M97.3M103.6M119.1M101.7M

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Additional Tools for Commerce Stock Analysis

When running Commerce Resources' price analysis, check to measure Commerce Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Commerce Resources is operating at the current time. Most of Commerce Resources' value examination focuses on studying past and present price action to predict the probability of Commerce Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commerce Resources' price. Additionally, you may evaluate how the addition of Commerce Resources to your portfolios can decrease your overall portfolio volatility.