Praxis Change In Working Capital vs Free Cash Flow Analysis
PRAXIS Stock | 22.27 1.06 5.00% |
Praxis Home financial indicator trend analysis is much more than just breaking down Praxis Home Retail prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praxis Home Retail is a good investment. Please check the relationship between Praxis Home Change In Working Capital and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Home Retail. 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.
Change In Working Capital vs Free Cash Flow
Change In Working Capital vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Praxis Home Retail Change In Working Capital account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Praxis Home's Change In Working Capital and Free Cash Flow is 0.8. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Praxis Home Retail, assuming nothing else is changed. The correlation between historical values of Praxis Home's Change In Working Capital and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Praxis Home Retail are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Working Capital i.e., Praxis Home's Change In Working Capital and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Praxis Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praxis Home Retail 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Home Retail. 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. At present, Praxis Home's Selling General Administrative is projected to increase significantly based on the last few years of reporting. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is forecasted to decline to about 302.9 M.
Praxis Home fundamental ratios Correlations
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Praxis Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Praxis Home fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.3B | 4.0B | 4.1B | 3.1B | 3.2B | 2.4B | |
Other Current Liab | 630.0M | 283.4M | 282.6M | 304.4M | 307.4M | 213.7M | |
Total Current Liabilities | 3.6B | 3.3B | 3.2B | 2.5B | 2.8B | 1.8B | |
Total Stockholder Equity | 375.1M | (640.4M) | 7.7M | (179.5M) | (431.8M) | (410.2M) | |
Net Debt | 3.7B | 2.5B | 2.0B | 1.6B | 1.8B | 995.1M | |
Cash | 60.4M | 48.2M | 64.9M | 17.9M | 19.6M | 33.4M | |
Cash And Short Term Investments | 60.7M | 48.6M | 65.3M | 1.1B | 19.6M | 18.6M | |
Common Stock Shares Outstanding | 57.0M | 64.2M | 64.2M | 93.2M | 113.6M | 63.2M | |
Liabilities And Stockholders Equity | 6.3B | 4.0B | 4.1B | 3.1B | 3.2B | 2.4B | |
Non Current Liabilities Total | 2.3B | 1.3B | 921.7M | 805.3M | 835.7M | 692.1M | |
Other Stockholder Equity | 1.5B | 721.3M | 1.8B | 1.8B | 1.2B | 753.7M | |
Total Liab | 5.9B | 4.6B | 4.1B | 3.3B | 3.6B | 2.3B | |
Total Current Assets | 2.5B | 1.5B | 3.0B | 1.9B | 1.9B | 1.3B | |
Common Stock | 138.2M | 151.9M | 376.5M | 378.4M | 626.1M | 657.4M | |
Retained Earnings | (1.3B) | (2.3B) | (2.2B) | (2.4B) | (3.2B) | (3.1B) | |
Short Long Term Debt Total | 3.8B | 2.5B | 2.1B | 1.6B | 1.9B | 1.2B | |
Net Tangible Assets | 370.5M | (642.9M) | 6.0M | (181.2M) | (163.1M) | (155.0M) | |
Short Long Term Debt | 867.0M | 698.4M | 742.1M | 478.8M | 742.3M | 372.1M | |
Short Term Debt | 1.6B | 1.3B | 1.2B | 788.3M | 1.0B | 594.1M | |
Long Term Debt Total | 2.2B | 1.2B | 884.6M | 785.6M | 903.5M | 712.6M | |
Other Liab | 54.2M | 47.5M | 37.1M | 19.7M | 17.7M | 31.2M | |
Property Plant And Equipment Net | 2.7B | 1.4B | 1.1B | 1.2B | 1.2B | 1.0B | |
Current Deferred Revenue | (1.6B) | 259.5M | 512.2M | 161.3M | 104.7M | 109.9M | |
Accounts Payable | 1.4B | 1.5B | 1.5B | 1.4B | 1.4B | 1.7B | |
Non Current Assets Total | 3.8B | 2.5B | 1.1B | 1.2B | 1.3B | 1.7B | |
Non Currrent Assets Other | (2.7B) | 1.0B | 45.4M | 95.6M | 114.4M | 86.8M | |
Other Assets | 1.1B | 1K | 45.4M | 5.3M | 4.8M | 4.5M | |
Long Term Debt | 42.1M | 45.8M | 50.0M | 164.3M | 82.4M | 54.9M | |
Net Receivables | 209.0M | 122.3M | 60.9M | 14.4M | 2.9M | 2.7M | |
Inventory | 1.8B | 916.4M | 1.4B | 663.4M | 574.4M | 913.5M | |
Other Current Assets | 667.7M | 357.2M | 1.4B | 1.2B | 1.3B | 772.4M | |
Cash And Equivalents | 60.4M | 48.2M | 64.9M | 17.9M | 16.1M | 15.3M | |
Intangible Assets | 4.6M | 2.6M | 1.6M | 1.7M | 2.6M | 3.2M | |
Property Plant Equipment | 2.7B | 1.4B | 1.1B | 1.2B | 1.3B | 999.6M | |
Net Invested Capital | 1.3B | 222.4M | 832.1M | 354.3M | 310.5M | 505.6M | |
Accumulated Other Comprehensive Income | (583.0M) | 801.3M | 808.2M | 807.9M | 960.1M | 564.2M | |
Net Working Capital | (1.1B) | (1.8B) | (176.6M) | (623.0M) | (1.0B) | (1.1B) | |
Capital Surpluse | 303M | 580.8M | 991.5M | 1.0B | 1.2B | 635.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Praxis Stock
Balance Sheet is a snapshot of the financial position of Praxis Home Retail at a specified time, usually calculated after every quarter, six months, or one year. Praxis Home Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Praxis Home and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Praxis currently owns. An asset can also be divided into two categories, current and non-current.