AMCON Accounts Payable vs Total Current Liabilities Analysis

DIT Stock

USD 125.13 4.10 3.39%

AMCON Distributing financial indicator trend analysis is way more than just evaluating AMCON Distributing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMCON Distributing is a good investment. Please check the relationship between AMCON Distributing Accounts Payable and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy AMCON Stock please use our How to Invest in AMCON Distributing guide.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AMCON Distributing Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.

The correlation between AMCON Distributing's Accounts Payable and Total Current Liabilities is 1.0. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of AMCON Distributing, assuming nothing else is changed. The correlation between historical values of AMCON Distributing's Accounts Payable and Total Current Liabilities 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 AMCON Distributing are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., AMCON Distributing's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Accounts Payable

An accounting item on the balance sheet that represents AMCON Distributing 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 AMCON Distributing 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.

Total Current Liabilities

Total Current Liabilities is an item on AMCON Distributing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AMCON Distributing are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from AMCON Distributing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMCON Distributing 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy AMCON Stock please use our How to Invest in AMCON Distributing guide.At this time, AMCON Distributing's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	127.7M	170.8M	2.854752348E15	2.9974899654E15
Total Revenue	2.0B	2.5B	2.854752348E15	2.9974899654E15

Gross Profit Total Revenue

AMCON Distributing 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	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Cash	Other Liab
Total Assets		0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Short Long Term Debt Total	0.68		0.96	0.96	0.86	0.68	1.0	0.9	0.95	0.68	0.68	0.68	0.68	-0.31	0.87	0.68	0.68	0.68	0.22	0.99	0.97	0.68	0.94	0.81	0.68	0.45
Other Current Liab	0.66	0.96		0.99	0.96	0.66	0.95	0.97	0.98	0.66	0.66	0.66	0.66	-0.11	0.81	0.66	0.66	0.66	0.19	0.98	0.94	0.66	0.92	0.78	0.66	0.51
Total Current Liabilities	0.76	0.96	0.99		0.94	0.76	0.96	0.93	1.0	0.76	0.76	0.76	0.76	-0.11	0.79	0.76	0.76	0.76	0.15	0.98	0.97	0.76	0.96	0.75	0.76	0.45
Total Stockholder Equity	0.64	0.86	0.96	0.94		0.64	0.86	0.98	0.94	0.64	0.64	0.64	0.64	0.09	0.7	0.64	0.64	0.64	0.22	0.9	0.86	0.64	0.83	0.68	0.64	0.58
Property Plant And Equipment Net	1.0	0.68	0.66	0.76	0.64		0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Net Debt	0.68	1.0	0.95	0.96	0.86	0.68		0.9	0.95	0.68	0.68	0.68	0.68	-0.31	0.87	0.68	0.68	0.68	0.22	0.99	0.97	0.68	0.94	0.81	0.68	0.45
Retained Earnings	0.59	0.9	0.97	0.93	0.98	0.59	0.9		0.92	0.59	0.59	0.59	0.59	-0.07	0.81	0.59	0.59	0.59	0.27	0.91	0.85	0.59	0.86	0.8	0.59	0.61
Accounts Payable	0.79	0.95	0.98	1.0	0.94	0.79	0.95	0.92		0.79	0.79	0.79	0.79	-0.08	0.76	0.79	0.79	0.79	0.15	0.97	0.98	0.79	0.94	0.72	0.79	0.45
Non Current Assets Total	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79		1.0	1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Non Currrent Assets Other	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0		1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Cash And Short Term Investments	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0		1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Net Receivables	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0		-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Common Stock Shares Outstanding	-0.01	-0.31	-0.11	-0.11	0.09	-0.01	-0.31	-0.07	-0.08	-0.01	-0.01	-0.01	-0.01		-0.49	-0.01	-0.01	-0.01	-0.41	-0.23	-0.2	-0.01	-0.3	-0.45	-0.01	-0.13
Short Term Investments	0.51	0.87	0.81	0.79	0.7	0.51	0.87	0.81	0.76	0.51	0.51	0.51	0.51	-0.49		0.51	0.51	0.51	0.25	0.84	0.76	0.51	0.85	0.89	0.51	0.45
Non Current Liabilities Total	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51		1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Inventory	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0		1.0	0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Other Current Assets	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0	1.0		0.1	0.7	0.78	1.0	0.77	0.47	1.0	0.25
Other Stockholder Equity	0.1	0.22	0.19	0.15	0.22	0.1	0.22	0.27	0.15	0.1	0.1	0.1	0.1	-0.41	0.25	0.1	0.1	0.1		0.18	0.17	0.1	0.17	0.28	0.1	0.39
Total Liab	0.7	0.99	0.98	0.98	0.9	0.7	0.99	0.91	0.97	0.7	0.7	0.7	0.7	-0.23	0.84	0.7	0.7	0.7	0.18		0.98	0.7	0.95	0.79	0.7	0.45
Property Plant And Equipment Gross	0.78	0.97	0.94	0.97	0.86	0.78	0.97	0.85	0.98	0.78	0.78	0.78	0.78	-0.2	0.76	0.78	0.78	0.78	0.17	0.98		0.78	0.94	0.68	0.78	0.38
Total Current Assets	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78		0.77	0.47	1.0	0.25
Short Term Debt	0.77	0.94	0.92	0.96	0.83	0.77	0.94	0.86	0.94	0.77	0.77	0.77	0.77	-0.3	0.85	0.77	0.77	0.77	0.17	0.95	0.94	0.77		0.77	0.77	0.41
Current Deferred Revenue	0.47	0.81	0.78	0.75	0.68	0.47	0.81	0.8	0.72	0.47	0.47	0.47	0.47	-0.45	0.89	0.47	0.47	0.47	0.28	0.79	0.68	0.47	0.77		0.47	0.44
Cash	1.0	0.68	0.66	0.76	0.64	1.0	0.68	0.59	0.79	1.0	1.0	1.0	1.0	-0.01	0.51	1.0	1.0	1.0	0.1	0.7	0.78	1.0	0.77	0.47		0.25
Other Liab	0.25	0.45	0.51	0.45	0.58	0.25	0.45	0.61	0.45	0.25	0.25	0.25	0.25	-0.13	0.45	0.25	0.25	0.25	0.39	0.45	0.38	0.25	0.41	0.44	0.25

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AMCON Distributing Account Relationship Matchups

AMCON Distributing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	188.0M	188.4M	289.1M	363.4M	374.1T	392.8T
Short Long Term Debt Total	84.7M	67.4M	120.5M	177.5M	168.8M	177.3M
Other Current Liab	13.6M	16.0M	24.0M	25.5M	26.5M	27.8M
Total Current Liabilities	41.9M	47.1M	72.0M	76.6M	93.2M	97.9M
Total Stockholder Equity	64.8M	77.6M	92.8M	104.2M	111.7M	117.3M
Property Plant And Equipment Net	36.4M	33.9M	68.0M	103.8M	131.6T	138.1T
Net Debt	84.1M	66.9M	120.1M	176.7M	168.2M	176.6M
Retained Earnings	71.4M	83.6M	96.8M	104.8M	108.6M	114.0M
Accounts Payable	22.1M	24.2M	40.0M	43.1M	54.5M	57.2M
Non Current Assets Total	52.0M	51.8M	78.1M	117.8M	145.0T	152.3T
Non Currrent Assets Other	383.8K	334.8K	3.0M	2.9M	3.0T	3.1T
Cash And Short Term Investments	661.2K	519.6K	431.6K	790.9K	672.8B	706.4B
Net Receivables	34.3M	35.8M	63.2M	72.7M	70.7T	74.2T
Common Stock Shares Outstanding	568.0K	568.1K	583.1K	595.9K	606.8K	685.9K
Liabilities And Stockholders Equity	188.0M	188.4M	289.1M	363.4M	374.1T	392.8T
Non Current Liabilities Total	81.3M	63.7M	124.3M	182.6M	169.1T	177.6T
Inventory	99.0M	95.2M	134.7M	158.6M	144.3T	151.5T
Other Current Assets	2.1M	5.0M	12.7M	13.6M	13.5T	14.2T
Other Stockholder Equity	(6.6M)	(5.9M)	(4.0M)	(686.8K)	3.2M	3.3M
Total Liab	123.2M	110.8M	196.3M	259.3M	262.4M	275.5M
Property Plant And Equipment Gross	36.4M	33.9M	101.6M	144.0M	165.5M	173.8M
Total Current Assets	136.0M	136.6M	211.0M	245.7M	229.1T	240.5T
Short Term Debt	6.1M	6.1M	8.0M	8.0M	12.2M	12.9M
Cash	661.2K	519.6K	431.6K	790.9K	672.8B	706.4B
Other Liab	1.9M	2.7M	2.3M	2.4M	2.8M	2.4M
Other Assets	273.6K	3.9M	3.7M	2.8M	2.5M	1.8M
Long Term Debt	62.0M	48.7M	98.6M	152.1M	174.9M	183.7M
Common Stock Total Equity	8.4K	8.6K	8.7K	9.2K	8.3K	8.3K
Common Stock	8.7K	8.8K	9.2K	9.4K	9.6K	8.6K
Property Plant Equipment	17.7M	17.5M	33.9M	68.0M	78.2M	82.1M
Net Tangible Assets	58.9M	76.5M	72.7M	85.5M	98.3M	62.8M
Retained Earnings Total Equity	63.8M	66.4M	71.4M	96.8M	111.3M	63.3M
Long Term Debt Total	60.4M	62.0M	48.7M	91.3M	105.0M	110.2M
Capital Surpluse	23.2M	24.3M	24.9M	26.9M	30.9M	20.6M

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