MAYS Stock | | | USD 42.00 0.00 0.00% |
J W financial indicator trend analysis is infinitely more than just investigating J W Mays recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether J W Mays is a good investment. Please check the relationship between J W Accounts Payable and its Other Current Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in J W Mays. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Accounts Payable vs Other Current Liab
Accounts Payable vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
J W Mays Accounts Payable account and
Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between J W's Accounts Payable and Other Current Liab is -0.24. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of J W Mays, assuming nothing else is changed. The correlation between historical values of J W's Accounts Payable and Other Current Liab 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 J W Mays are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., J W's Accounts Payable and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents J W 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 J W Mays 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.
Other Current Liab
Most indicators from J W's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into J W Mays 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in J W Mays. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, J W's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 91.84 in 2024, despite the fact that
Tax Provision is likely to grow to (53
K).
J W fundamental ratios Correlations
Click cells to compare fundamentals
J W Account Relationship Matchups
High Positive Relationship
High Negative Relationship
J W fundamental ratios Accounts
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Additional Tools for MAYS Stock Analysis
When running J W's price analysis, check to
measure J W'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 J W is operating at the current time. Most of J W's value examination focuses on studying past and present price action to
predict the probability of J W's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move J W's price. Additionally, you may evaluate how the addition of J W to your portfolios can decrease your overall portfolio volatility.