Quipt Net Receivables vs Net Working Capital Analysis

QIPT Stock

USD 2.40 0.01 0.41%

Quipt Home financial indicator trend analysis is much more than just breaking down Quipt Home Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quipt Home Medical is a good investment. Please check the relationship between Quipt Home Net Receivables and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quipt Home Medical Net Receivables account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Quipt Home's Net Receivables and Net Working Capital is -0.59. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Quipt Home Medical, assuming nothing else is changed. The correlation between historical values of Quipt Home's Net Receivables and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Quipt Home Medical are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Receivables i.e., Quipt Home's Net Receivables and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Net Working Capital

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

At this time, Quipt Home's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 80.3 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.75 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	139.9M	221.7M	255.0M	267.8M
Interest Expense	2.1M	6.6M	7.6M	8.0M

Total Revenue Interest Expense

Quipt Home fundamental ratios Correlations

	Total Assets	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	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Current Deferred Revenue	Accounts Payable
Total Assets		0.96	0.93	0.96	0.81	-0.49	0.49	0.98	0.77	0.49	0.97	0.87	-0.27	0.38	0.94	0.85	0.87	0.91	0.55	0.96	0.89	0.95	0.06	0.9	-0.1	0.93
Total Current Liabilities	0.96		0.81	0.98	0.86	-0.65	0.44	0.94	0.8	0.43	0.92	0.95	-0.27	0.5	0.97	0.81	0.92	0.95	0.62	0.9	0.92	0.99	0.05	0.98	-0.17	0.98
Total Stockholder Equity	0.93	0.81		0.83	0.57	-0.37	0.53	0.89	0.54	0.53	0.91	0.72	-0.29	0.37	0.75	0.85	0.79	0.7	0.51	0.9	0.67	0.82	0.14	0.71	-0.06	0.74
Property Plant And Equipment Net	0.96	0.98	0.83		0.89	-0.62	0.36	0.97	0.79	0.36	0.96	0.94	-0.28	0.47	0.97	0.76	0.91	0.95	0.52	0.92	0.92	0.98	-0.01	0.97	-0.22	0.98
Net Debt	0.81	0.86	0.57	0.89		-0.48	0.01	0.85	0.86	0.01	0.77	0.79	-0.09	0.31	0.92	0.53	0.71	0.95	0.29	0.78	0.93	0.86	0.03	0.93	-0.3	0.93
Retained Earnings	-0.49	-0.65	-0.37	-0.62	-0.48		-0.32	-0.44	-0.32	-0.32	-0.54	-0.83	0.38	-0.52	-0.55	-0.55	-0.84	-0.55	-0.54	-0.35	-0.46	-0.65	-0.07	-0.66	0.46	-0.58
Cash	0.49	0.44	0.53	0.36	0.01	-0.32		0.41	0.28	1.0	0.47	0.4	-0.29	0.04	0.39	0.58	0.48	0.31	0.61	0.46	0.33	0.36	-0.21	0.28	0.36	0.32
Non Current Assets Total	0.98	0.94	0.89	0.97	0.85	-0.44	0.41		0.8	0.41	0.97	0.84	-0.21	0.38	0.94	0.73	0.82	0.93	0.44	0.99	0.91	0.93	-0.09	0.92	-0.09	0.94
Non Currrent Assets Other	0.77	0.8	0.54	0.79	0.86	-0.32	0.28	0.8		0.28	0.71	0.67	-0.17	0.09	0.89	0.52	0.6	0.9	0.37	0.77	0.92	0.76	-0.11	0.82	0.08	0.85
Cash And Short Term Investments	0.49	0.43	0.53	0.36	0.01	-0.32	1.0	0.41	0.28		0.47	0.4	-0.29	0.04	0.39	0.58	0.48	0.31	0.61	0.46	0.33	0.36	-0.22	0.28	0.36	0.32
Net Receivables	0.97	0.92	0.91	0.96	0.77	-0.54	0.47	0.97	0.71	0.47		0.87	-0.33	0.41	0.9	0.77	0.89	0.88	0.45	0.95	0.85	0.91	-0.07	0.89	-0.14	0.91
Common Stock Shares Outstanding	0.87	0.95	0.72	0.94	0.79	-0.83	0.4	0.84	0.67	0.4	0.87		-0.36	0.61	0.89	0.76	0.97	0.87	0.65	0.78	0.81	0.96	0.03	0.95	-0.28	0.92
Short Term Investments	-0.27	-0.27	-0.29	-0.28	-0.09	0.38	-0.29	-0.21	-0.17	-0.29	-0.33	-0.36		-0.19	-0.22	-0.37	-0.38	-0.17	-0.23	-0.19	-0.17	-0.26	-0.09	-0.24	-0.4	-0.23
Other Stockholder Equity	0.38	0.5	0.37	0.47	0.31	-0.52	0.04	0.38	0.09	0.04	0.41	0.61	-0.19		0.34	0.3	0.53	0.3	0.37	0.38	0.21	0.59	-0.04	0.52	-0.24	0.44
Total Liab	0.94	0.97	0.75	0.97	0.92	-0.55	0.39	0.94	0.89	0.39	0.9	0.89	-0.22	0.34		0.74	0.84	0.99	0.51	0.9	0.98	0.94	-0.01	0.97	-0.12	0.99
Total Current Assets	0.85	0.81	0.85	0.76	0.53	-0.55	0.58	0.73	0.52	0.58	0.77	0.76	-0.37	0.3	0.74		0.83	0.68	0.72	0.71	0.65	0.79	0.46	0.69	-0.11	0.72
Common Stock	0.87	0.92	0.79	0.91	0.71	-0.84	0.48	0.82	0.6	0.48	0.89	0.97	-0.38	0.53	0.84	0.83		0.82	0.65	0.77	0.75	0.92	0.1	0.89	-0.33	0.86
Short Long Term Debt Total	0.91	0.95	0.7	0.95	0.95	-0.55	0.31	0.93	0.9	0.31	0.88	0.87	-0.17	0.3	0.99	0.68	0.82		0.46	0.88	0.99	0.92	-0.04	0.97	-0.18	0.98
Other Current Liab	0.55	0.62	0.51	0.52	0.29	-0.54	0.61	0.44	0.37	0.61	0.45	0.65	-0.23	0.37	0.51	0.72	0.65	0.46		0.43	0.41	0.61	0.23	0.53	0.06	0.51
Good Will	0.96	0.9	0.9	0.92	0.78	-0.35	0.46	0.99	0.77	0.46	0.95	0.78	-0.19	0.38	0.9	0.71	0.77	0.88	0.43		0.87	0.89	-0.13	0.87	-0.01	0.89
Non Current Liabilities Total	0.89	0.92	0.67	0.92	0.93	-0.46	0.33	0.91	0.92	0.33	0.85	0.81	-0.17	0.21	0.98	0.65	0.75	0.99	0.41	0.87		0.88	-0.06	0.92	-0.08	0.96
Inventory	0.95	0.99	0.82	0.98	0.86	-0.65	0.36	0.93	0.76	0.36	0.91	0.96	-0.26	0.59	0.94	0.79	0.92	0.92	0.61	0.89	0.88		0.07	0.97	-0.22	0.97
Other Current Assets	0.06	0.05	0.14	-0.01	0.03	-0.07	-0.21	-0.09	-0.11	-0.22	-0.07	0.03	-0.09	-0.04	-0.01	0.46	0.1	-0.04	0.23	-0.13	-0.06	0.07		-0.03	-0.29	-0.01
Short Term Debt	0.9	0.98	0.71	0.97	0.93	-0.66	0.28	0.92	0.82	0.28	0.89	0.95	-0.24	0.52	0.97	0.69	0.89	0.97	0.53	0.87	0.92	0.97	-0.03		-0.23	0.98
Current Deferred Revenue	-0.1	-0.17	-0.06	-0.22	-0.3	0.46	0.36	-0.09	0.08	0.36	-0.14	-0.28	-0.4	-0.24	-0.12	-0.11	-0.33	-0.18	0.06	-0.01	-0.08	-0.22	-0.29	-0.23		-0.17
Accounts Payable	0.93	0.98	0.74	0.98	0.93	-0.58	0.32	0.94	0.85	0.32	0.91	0.92	-0.23	0.44	0.99	0.72	0.86	0.98	0.51	0.89	0.96	0.97	-0.01	0.98	-0.17

Click cells to compare fundamentals

Quipt Home Account Relationship Matchups

Quipt Home fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.8M	108.6M	132.2M	247.4M	284.5M	298.7M
Total Current Liabilities	24.3M	32.7M	41.7M	60.6M	69.7M	73.1M
Total Stockholder Equity	28.1M	58.6M	79.5M	111.1M	127.8M	134.2M
Property Plant And Equipment Net	16.6M	23.5M	33.5M	53.4M	61.4M	64.5M
Net Debt	(6.3M)	(7.6M)	18.0M	80.8M	92.9M	97.5M
Retained Earnings	(165.9M)	(165.9M)	(161.0M)	(163.8M)	(147.4M)	(140.1M)
Cash	29.1M	34.6M	8.5M	17.2M	19.8M	20.8M
Non Current Assets Total	26.7M	51.3M	90.7M	182.0M	209.3M	219.7M
Non Currrent Assets Other	639.5K	504K	86K	1.7M	2.0M	2.1M
Other Assets	94K	856K	504K	86K	98.9K	105.9K
Cash And Short Term Investments	29.1M	34.6M	8.5M	17.2M	19.8M	20.8M
Net Receivables	9.1M	11.9M	16.4M	26.0M	29.9M	31.4M
Common Stock Shares Outstanding	22.7M	30.4M	36.3M	38.6M	44.4M	46.6M
Liabilities And Stockholders Equity	71.8M	108.6M	132.2M	247.4M	284.5M	298.7M
Other Stockholder Equity	12.8M	21.7M	118.0M	27.4M	31.5M	33.1M
Total Liab	43.7M	50.0M	52.7M	136.3M	156.7M	164.6M
Total Current Assets	45.1M	57.2M	41.5M	65.4M	75.2M	79.0M
Common Stock	167.8M	202.8M	214.3M	247.5M	284.7M	298.9M
Short Long Term Debt Total	22.9M	27.1M	26.6M	98.0M	112.7M	118.3M
Other Current Liab	6.1M	23.1M	9.2M	8.7M	10.0M	10.6M
Good Will	3.9M	12.5M	28.2M	52.8M	60.7M	63.8M
Non Current Liabilities Total	19.4M	17.2M	10.9M	75.7M	87.1M	91.4M
Inventory	6.4M	9.3M	15.6M	18.4M	21.2M	22.2M
Other Current Assets	552K	1.4M	1.1M	3.8M	4.4M	3.4M
Short Term Debt	6.3M	10.0M	15.6M	22.6M	26.0M	27.3M
Current Deferred Revenue	4.4M	7.3M	3.0M	4.5M	5.2M	2.6M
Accounts Payable	7.4M	9.8M	13.8M	24.7M	28.4M	29.9M
Intangible Assets	5.6M	14.9M	28.9M	74.0M	85.1M	89.4M
Net Tangible Assets	12.5M	25.0M	31.3M	22.5M	20.2M	25.2M
Long Term Debt	13.3M	12.3M	3.7M	61.3M	70.5M	74.1M
Capital Lease Obligations	5.2M	7.8M	10.5M	19.2M	22.0M	23.1M
Net Invested Capital	45.8M	77.9M	95.6M	189.9M	218.4M	229.3M
Property Plant And Equipment Gross	16.6M	45.1M	57.1M	94.0M	108.1M	113.5M
Net Working Capital	20.8M	24.5M	(204K)	4.9M	4.4M	4.2M
Property Plant Equipment	19.5M	22.2M	23.5M	33.5M	38.5M	25.7M

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