Natures Accounts Payable vs Current Deferred Revenue Analysis
NMHIW Stock | 0.01 0 29.63% |
Natures Miracle financial indicator trend analysis is infinitely more than just investigating Natures Miracle Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natures Miracle Holding is a good investment. Please check the relationship between Natures Miracle Accounts Payable and its Current Deferred Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natures Miracle Holding. 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.
Accounts Payable vs Current Deferred Revenue
Accounts Payable vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natures Miracle Holding Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Natures Miracle's Accounts Payable and Current Deferred Revenue is -0.66. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Natures Miracle Holding, assuming nothing else is changed. The correlation between historical values of Natures Miracle's Accounts Payable and Current Deferred Revenue 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 Natures Miracle Holding are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Natures Miracle's Accounts Payable and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Natures Miracle 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 Natures Miracle Holding 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.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Natures Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natures Miracle Holding 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 Natures Miracle Holding. 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. Tax Provision is likely to drop to about 156.5 K in 2024. Selling General Administrative is likely to drop to about 2.4 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.4M | 5.1M | 5.9M | 6.1M | Cost Of Revenue | 17.0M | 9.9M | 11.4M | 13.4M |
Natures Miracle fundamental ratios Correlations
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Natures Miracle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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