| GWW Stock | | | USD 1,194 15.96 1.35% |
WW Grainger financial indicator trend analysis is more than just analyzing WW Grainger current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WW Grainger is a good investment. Please check the relationship between WW Grainger Non Current Liabilities Total and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.
Non Current Liabilities Total vs Accounts Payable
Non Current Liabilities Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WW Grainger Non Current Liabilities Total account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between WW Grainger's Non Current Liabilities Total and Accounts Payable is 0.92. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of WW Grainger, assuming nothing else is changed. The correlation between historical values of WW Grainger's Non Current Liabilities Total 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 Non Current Liabilities Total of WW Grainger 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 Non Current Liabilities Total i.e., WW Grainger's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Liabilities Total
Accounts Payable
An accounting item on the balance sheet that represents WW Grainger 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 WW Grainger 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 WW Grainger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WW Grainger 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.At this time, WW Grainger's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 9.4
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.3
B in 2024.
WW Grainger fundamental ratios Correlations
Click cells to compare fundamentals
WW Grainger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WW Grainger fundamental ratios Accounts
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Additional Tools for GWW Stock Analysis
When running WW Grainger's price analysis, check to
measure WW Grainger's 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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to
predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.