NewMarket Free Cash Flow vs Change To Inventory Analysis

NEU Stock

USD 544.41 1.76 0.32%

NewMarket financial indicator trend analysis is infinitely more than just investigating NewMarket recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NewMarket is a good investment. Please check the relationship between NewMarket Free Cash Flow and its Change To Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewMarket. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewMarket Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have very strong relationship.

The correlation between NewMarket's Free Cash Flow and Change To Inventory is 0.89. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of NewMarket, assuming nothing else is changed. The correlation between historical values of NewMarket's Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of NewMarket are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., NewMarket's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from NewMarket's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NewMarket 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 NewMarket. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.At this time, NewMarket's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.08 in 2024, whereas Tax Provision is likely to drop slightly above 65.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	547.7M	640.5M	772.5M	450.0M
Total Revenue	2.4B	2.8B	2.7B	1.9B

Gross Profit Total Revenue

NewMarket 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Other Liab	Other Assets
Total Assets		0.79	-0.01	0.81	0.61	0.82	0.9	0.82	-0.18	0.86	0.19	0.42	0.81	-0.38	0.86	0.73	0.54	-0.58	0.92	0.79	-0.08	-0.51	0.92	-0.07	0.26	0.66
Short Long Term Debt Total	0.79		0.05	0.84	0.18	0.59	0.9	0.45	-0.2	0.53	-0.11	0.46	0.73	-0.52	0.81	0.79	0.17	-0.45	0.9	0.81	0.24	-0.63	0.84	-0.28	0.26	0.28
Other Current Liab	-0.01	0.05		0.0	0.02	-0.02	-0.06	0.02	-0.04	0.07	0.18	-0.02	-0.19	0.46	-0.18	-0.19	0.02	0.26	-0.12	-0.16	0.2	0.27	-0.1	0.54	-0.63	0.05
Total Current Liabilities	0.81	0.84	0.0		0.29	0.52	0.84	0.5	-0.12	0.52	-0.11	0.78	0.66	-0.4	0.66	0.66	0.4	-0.48	0.86	0.88	0.36	-0.48	0.78	-0.21	0.4	0.38
Total Stockholder Equity	0.61	0.18	0.02	0.29		0.76	0.36	0.63	-0.14	0.82	0.76	0.07	0.33	0.04	0.51	0.13	0.73	-0.42	0.44	0.18	-0.31	-0.3	0.4	0.18	0.02	0.91
Property Plant And Equipment Net	0.82	0.59	-0.02	0.52	0.76		0.74	0.71	-0.28	0.94	0.39	0.13	0.51	-0.24	0.85	0.43	0.52	-0.54	0.78	0.41	-0.39	-0.48	0.64	0.01	0.18	0.69
Net Debt	0.9	0.9	-0.06	0.84	0.36	0.74		0.55	-0.39	0.73	0.06	0.39	0.73	-0.42	0.91	0.79	0.4	-0.5	0.97	0.78	-0.07	-0.51	0.86	-0.16	0.3	0.48
Retained Earnings	0.82	0.45	0.02	0.5	0.63	0.71	0.55		0.02	0.75	0.12	0.2	0.7	-0.33	0.53	0.51	0.53	-0.55	0.58	0.55	-0.22	-0.36	0.75	-0.02	0.23	0.54
Cash	-0.18	-0.2	-0.04	-0.12	-0.14	-0.28	-0.39	0.02		-0.34	-0.31	0.36	-0.02	-0.13	-0.28	-0.17	-0.41	0.02	-0.24	0.08	0.43	-0.17	-0.06	-0.15	-0.18	-0.29
Non Current Assets Total	0.86	0.53	0.07	0.52	0.82	0.94	0.73	0.75	-0.34		0.54	0.11	0.5	-0.03	0.79	0.39	0.61	-0.42	0.74	0.38	-0.4	-0.3	0.65	0.25	0.07	0.84
Non Currrent Assets Other	0.19	-0.11	0.18	-0.11	0.76	0.39	0.06	0.12	-0.31	0.54		-0.31	-0.04	0.43	0.23	-0.16	0.52	0.03	0.08	-0.25	-0.41	0.02	0.0	0.47	-0.41	0.81
Cash And Short Term Investments	0.42	0.46	-0.02	0.78	0.07	0.13	0.39	0.2	0.36	0.11	-0.31		0.27	-0.21	0.21	0.22	0.09	-0.25	0.46	0.66	0.65	-0.29	0.38	-0.15	0.33	0.1
Net Receivables	0.81	0.73	-0.19	0.66	0.33	0.51	0.73	0.7	-0.02	0.5	-0.04	0.27		-0.74	0.71	0.94	0.36	-0.6	0.77	0.88	0.05	-0.66	0.95	-0.48	0.32	0.34
Common Stock Shares Outstanding	-0.38	-0.52	0.46	-0.4	0.04	-0.24	-0.42	-0.33	-0.13	-0.03	0.43	-0.21	-0.74		-0.47	-0.77	-0.07	0.63	-0.5	-0.7	-0.14	0.79	-0.62	0.93	-0.52	0.15
Non Current Liabilities Total	0.86	0.81	-0.18	0.66	0.51	0.85	0.91	0.53	-0.28	0.79	0.23	0.21	0.71	-0.47		0.74	0.39	-0.59	0.95	0.66	-0.21	-0.65	0.82	-0.25	0.25	0.57
Inventory	0.73	0.79	-0.19	0.66	0.13	0.43	0.79	0.51	-0.17	0.39	-0.16	0.22	0.94	-0.77	0.74		0.31	-0.62	0.8	0.88	0.06	-0.65	0.91	-0.56	0.36	0.21
Other Current Assets	0.54	0.17	0.02	0.4	0.73	0.52	0.4	0.53	-0.41	0.61	0.52	0.09	0.36	-0.07	0.39	0.31		-0.57	0.42	0.31	-0.28	-0.19	0.43	0.03	0.22	0.75
Other Stockholder Equity	-0.58	-0.45	0.26	-0.48	-0.42	-0.54	-0.5	-0.55	0.02	-0.42	0.03	-0.25	-0.6	0.63	-0.59	-0.62	-0.57		-0.59	-0.6	0.05	0.69	-0.65	0.52	-0.55	-0.4
Total Liab	0.92	0.9	-0.12	0.86	0.44	0.78	0.97	0.58	-0.24	0.74	0.08	0.46	0.77	-0.5	0.95	0.8	0.42	-0.59		0.83	0.0	-0.63	0.89	-0.25	0.33	0.52
Total Current Assets	0.79	0.81	-0.16	0.88	0.18	0.41	0.78	0.55	0.08	0.38	-0.25	0.66	0.88	-0.7	0.66	0.88	0.31	-0.6	0.83		0.36	-0.65	0.91	-0.5	0.43	0.24
Short Term Debt	-0.08	0.24	0.2	0.36	-0.31	-0.39	-0.07	-0.22	0.43	-0.4	-0.41	0.65	0.05	-0.14	-0.21	0.06	-0.28	0.05	0.0	0.36		-0.12	0.05	-0.23	0.12	-0.3
Intangible Assets	-0.51	-0.63	0.27	-0.48	-0.3	-0.48	-0.51	-0.36	-0.17	-0.3	0.02	-0.29	-0.66	0.79	-0.65	-0.65	-0.19	0.69	-0.63	-0.65	-0.12		-0.65	0.67	-0.21	-0.25
Accounts Payable	0.92	0.84	-0.1	0.78	0.4	0.64	0.86	0.75	-0.06	0.65	0.0	0.38	0.95	-0.62	0.82	0.91	0.43	-0.65	0.89	0.91	0.05	-0.65		-0.33	0.3	0.47
Common Stock	-0.07	-0.28	0.54	-0.21	0.18	0.01	-0.16	-0.02	-0.15	0.25	0.47	-0.15	-0.48	0.93	-0.25	-0.56	0.03	0.52	-0.25	-0.5	-0.23	0.67	-0.33		-0.56	0.33
Other Liab	0.26	0.26	-0.63	0.4	0.02	0.18	0.3	0.23	-0.18	0.07	-0.41	0.33	0.32	-0.52	0.25	0.36	0.22	-0.55	0.33	0.43	0.12	-0.21	0.3	-0.56		-0.05
Other Assets	0.66	0.28	0.05	0.38	0.91	0.69	0.48	0.54	-0.29	0.84	0.81	0.1	0.34	0.15	0.57	0.21	0.75	-0.4	0.52	0.24	-0.3	-0.25	0.47	0.33	-0.05

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NewMarket Account Relationship Matchups

NewMarket fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.9B	2.6B	2.4B	2.3B	1.6B
Short Long Term Debt Total	703.8M	660.6M	1.2B	1.1B	733.6M	560.3M
Other Current Liab	8.9M	105.3M	109.4M	118.9M	106.9M	79.4M
Total Current Liabilities	308.9M	312.5M	725.1M	423.9M	364.2M	268.0M
Total Stockholder Equity	683.1M	759.8M	762.1M	762.4M	1.1B	1.1B
Property Plant And Equipment Net	695.9M	726.5M	745.2M	722.4M	760.3M	798.4M
Net Debt	559.4M	535.4M	1.1B	997.6M	621.7M	458.2M
Retained Earnings	843.9M	932.3M	844.4M	834.4M	1.1B	606.6M
Cash	144.4M	125.2M	83.3M	68.7M	111.9M	78.1M
Non Current Assets Total	1.0B	1.0B	1.2B	1.2B	1.3B	1.1B
Non Currrent Assets Other	4.9M	5.5M	4.8M	359.6M	381.6M	666.9M
Cash And Short Term Investments	144.4M	125.2M	459.2M	68.7M	111.9M	88.7M
Net Receivables	335.8M	336.4M	391.8M	453.7M	432.3M	279.3M
Common Stock Shares Outstanding	11.2M	11.0M	10.8M	10.0M	9.6M	14.0M
Liabilities And Stockholders Equity	1.9B	1.9B	2.6B	2.4B	2.3B	1.6B
Non Current Liabilities Total	893.1M	861.6M	1.1B	1.2B	867.6M	975.4M
Inventory	365.9M	401.0M	498.5M	631.4M	456.2M	277.5M
Other Current Assets	8.3M	35.5M	38.6M	38.3M	39.1M	41.0M
Other Stockholder Equity	252K	(173.2M)	(82.2M)	(72.0M)	(64.8M)	(61.6M)
Total Liab	1.2B	1.2B	1.8B	1.6B	1.2B	1.2B
Total Current Assets	879.4M	898.1M	1.4B	1.2B	1.0B	675.4M
Short Term Debt	14.0M	13.4M	365.1M	15.6M	15.1M	14.3M
Intangible Assets	8.9M	6.0M	3.8M	2.4M	901K	856.0K
Accounts Payable	178.8M	189.9M	246.1M	273.3M	231.1M	127.7M
Accumulated Other Comprehensive Income	(162.7M)	(173.2M)	(82.2M)	(72.0M)	(21.1M)	(22.1M)
Other Liab	192.3M	214.4M	228.8M	147.4M	169.5M	168.5M
Other Assets	165.1M	240.7M	297.3M	326.3M	375.3M	394.0M
Long Term Debt	642.9M	598.8M	789.9M	1.0B	643.6M	450.9M
Good Will	123.0M	124.0M	123.9M	123.7M	123.7M	129.9M
Property Plant Equipment	635.4M	665.1M	745.2M	660.0M	759.0M	413.0M
Property Plant And Equipment Gross	708.8M	737.3M	745.2M	722.4M	1.8B	1.8B
Net Tangible Assets	551.2M	629.9M	634.4M	636.3M	731.8M	551.4M
Retained Earnings Total Equity	843.9M	932.3M	844.4M	834.4M	959.6M	760.6M
Long Term Debt Total	642.9M	598.8M	789.9M	1.0B	1.2B	592.2M
Deferred Long Term Liab	1.5M	42.3M	54.7M	1.1M	1.3M	1.2M
Non Current Liabilities Other	250.2M	262.7M	228.8M	169.8M	14.0M	13.3M

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