Coty Other Assets vs Accounts Payable Analysis

COTY Stock  USD 7.53  0.21  2.87%   
Coty financial indicator trend analysis is way more than just evaluating Coty Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coty Inc is a good investment. Please check the relationship between Coty Other Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Other Assets vs Accounts Payable

Other Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coty Inc Other Assets account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between Coty's Other Assets and Accounts Payable is 0.06. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Coty Inc, assuming nothing else is changed. The correlation between historical values of Coty's Other Assets 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 Other Assets of Coty Inc 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 Other Assets i.e., Coty's Other Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Assets

Accounts Payable

An accounting item on the balance sheet that represents Coty 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 Coty Inc 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 Coty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coty Inc 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 Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Coty's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 373.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense224M257.9M251.6M182.4M
Depreciation And Amortization516.4M426.7M421.1M463.9M

Coty fundamental ratios Correlations

0.680.640.660.70.620.750.73-0.670.68-0.840.77-0.620.710.160.510.61-0.620.10.610.980.360.670.520.580.96
0.680.920.890.970.960.880.98-0.590.91-0.340.93-0.420.980.59-0.020.92-0.420.680.970.720.360.950.850.880.84
0.640.920.910.930.770.740.96-0.590.99-0.470.82-0.430.850.520.041.0-0.430.480.80.670.620.990.70.810.78
0.660.890.910.910.80.710.91-0.750.9-0.430.79-0.370.820.450.040.91-0.370.490.790.690.470.910.670.770.79
0.70.970.930.910.90.830.96-0.540.93-0.390.91-0.470.930.56-0.010.93-0.470.620.920.740.380.950.840.880.84
0.620.960.770.80.90.890.89-0.540.76-0.190.9-0.330.970.57-0.080.77-0.330.750.990.670.140.820.850.820.79
0.750.880.740.710.830.890.88-0.640.76-0.410.94-0.560.950.650.190.73-0.560.630.910.810.240.80.80.780.86
0.730.980.960.910.960.890.88-0.640.96-0.470.92-0.470.950.570.070.96-0.470.580.910.760.520.990.810.870.87
-0.67-0.59-0.59-0.75-0.54-0.54-0.64-0.64-0.580.57-0.640.29-0.59-0.36-0.38-0.580.29-0.22-0.52-0.68-0.3-0.6-0.41-0.44-0.71
0.680.910.990.90.930.760.760.96-0.58-0.510.83-0.530.850.530.080.99-0.530.450.80.710.620.990.690.810.81
-0.84-0.34-0.47-0.43-0.39-0.19-0.41-0.470.57-0.51-0.410.57-0.340.16-0.76-0.430.570.36-0.2-0.79-0.56-0.46-0.14-0.27-0.74
0.770.930.820.790.910.90.940.92-0.640.83-0.41-0.470.960.680.060.82-0.470.680.930.80.240.860.890.850.87
-0.62-0.42-0.43-0.37-0.47-0.33-0.56-0.470.29-0.530.57-0.47-0.46-0.31-0.39-0.411.00.01-0.4-0.63-0.3-0.45-0.26-0.37-0.59
0.710.980.850.820.930.970.950.95-0.590.85-0.340.96-0.460.620.020.85-0.460.690.980.750.290.90.870.860.86
0.160.590.520.450.560.570.650.57-0.360.530.160.68-0.310.62-0.270.55-0.310.80.650.210.00.550.70.570.3
0.51-0.020.040.04-0.01-0.080.190.07-0.380.08-0.760.06-0.390.02-0.270.0-0.39-0.53-0.090.510.20.04-0.19-0.120.4
0.610.921.00.910.930.770.730.96-0.580.99-0.430.82-0.410.850.550.0-0.410.510.810.640.610.990.720.820.76
-0.62-0.42-0.43-0.37-0.47-0.33-0.56-0.470.29-0.530.57-0.471.0-0.46-0.31-0.39-0.410.01-0.4-0.63-0.3-0.45-0.26-0.37-0.59
0.10.680.480.490.620.750.630.58-0.220.450.360.680.010.690.8-0.530.510.010.760.18-0.120.530.830.690.29
0.610.970.80.790.920.990.910.91-0.520.8-0.20.93-0.40.980.65-0.090.81-0.40.760.670.160.850.850.830.78
0.980.720.670.690.740.670.810.76-0.680.71-0.790.8-0.630.750.210.510.64-0.630.180.670.340.70.540.610.97
0.360.360.620.470.380.140.240.52-0.30.62-0.560.24-0.30.290.00.20.61-0.3-0.120.160.340.590.170.440.42
0.670.950.990.910.950.820.80.99-0.60.99-0.460.86-0.450.90.550.040.99-0.450.530.850.70.590.760.840.81
0.520.850.70.670.840.850.80.81-0.410.69-0.140.89-0.260.870.7-0.190.72-0.260.830.850.540.170.760.890.65
0.580.880.810.770.880.820.780.87-0.440.81-0.270.85-0.370.860.57-0.120.82-0.370.690.830.610.440.840.890.7
0.960.840.780.790.840.790.860.87-0.710.81-0.740.87-0.590.860.30.40.76-0.590.290.780.970.420.810.650.7
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Coty Account Relationship Matchups

Coty fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding759.1M764.8M834.1M886.5M883.4M653.8M
Total Assets16.7B13.7B12.1B12.7B12.1B13.3B
Short Long Term Debt Total8.4B5.7B4.7B4.5B4.3B5.3B
Other Current Liab2.2B966.4M1.0B947.5M991.7M1.1B
Total Current Liabilities3.6B2.4B2.6B2.7B2.6B2.8B
Total Stockholder Equity3.7B3.9B3.3B4.0B3.8B3.7B
Other Liab884.9M1.4B1.3B1.3B1.5B1.2B
Property Plant And Equipment Net1.5B1.2B1.0B999.6M974.2M1.1B
Current Deferred Revenue20.9M21.6M31.6M17.4M17.8M16.9M
Net Debt8.1B5.4B4.5B4.2B4.0B4.8B
Retained Earnings(5.5B)(5.8B)(5.5B)(5.0B)(4.9B)(4.7B)
Accounts Payable1.2B1.2B1.3B1.4B1.4B1.3B
Cash308.3M253.5M233.3M246.9M300.8M373.9M
Non Current Assets Total10.2B11.9B10.4B10.6B10.1B10.3B
Non Currrent Assets Other72.4M55.9M85.9M165.6M92.1M157.0M
Other Assets434.8M814.4M737.7M755.5M868.8M912.3M
Long Term Debt7.9B5.4B4.4B4.2B3.8B5.1B
Cash And Short Term Investments308.3M253.5M233.3M246.9M300.8M373.9M
Net Receivables440.1M348M434.8M612.5M703.8M602.0M
Good Will4.0B4.1B3.9B4.0B3.9B4.1B
Liabilities And Stockholders Equity16.7B13.7B12.1B12.7B12.1B13.3B
Non Current Liabilities Total9.1B7.1B6.0B5.7B5.2B6.5B
Inventory678.2M650.8M661.5M853.4M764.1M835.8M
Other Current Assets411.6M377.4M161.3M338.9M417M368.3M
Other Stockholder Equity9.0B8.9B9.4B9.5B9.4B6.5B
Total Liab12.7B9.5B8.6B8.4B7.8B9.3B
Property Plant And Equipment Gross1.5B1.2B1.0B999.6M2.8B3.0B
Total Current Assets6.5B1.8B1.7B2.1B2.0B3.0B
Accumulated Other Comprehensive Income(456.2M)(321.9M)(717.9M)(662.4M)(795.1M)(755.3M)
Short Term Debt188.3M135.5M103.6M146.5M118.6M142.7M
Intangible Assets4.4B4.5B3.9B3.8B3.6B4.4B
Property Plant Equipment1.5B1.2B715.5M712.9M819.8M1.0B
Net Tangible Assets(5.3B)(5.7B)(548M)59.1M68.0M71.4M
Warrants794.9M1.1B212.2M235.9M271.3M472.3M

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