Smarttech247 Net Working Capital vs Accounts Payable Analysis
| S247 Stock | 8.63 0.38 4.61% |
Smarttech247 Group financial indicator trend analysis is much more than just breaking down Smarttech247 Group PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smarttech247 Group PLC is a good investment. Please check the relationship between Smarttech247 Group Net Working Capital and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smarttech247 Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Working Capital vs Accounts Payable
Net Working Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smarttech247 Group PLC Net Working Capital account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between Smarttech247 Group's Net Working Capital and Accounts Payable is 1.0. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Smarttech247 Group PLC, assuming nothing else is changed. The correlation between historical values of Smarttech247 Group's Net Working Capital and Accounts Payable 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 Working Capital of Smarttech247 Group PLC are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Working Capital i.e., Smarttech247 Group's Net Working Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Working Capital
Accounts Payable
An accounting item on the balance sheet that represents Smarttech247 Group 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 Smarttech247 Group PLC 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.Most indicators from Smarttech247 Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smarttech247 Group PLC 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Smarttech247 Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Tax Provision is likely to drop to about 149.8 K in 2025. Selling General Administrative is likely to drop to about 389.8 K in 2025
| 2010 | 2020 | 2024 | 2025 (projected) | Gross Profit | 3.3M | 4.1M | 4.7M | 4.0M | Total Revenue | 4.8M | 7.2M | 8.3M | 6.6M |
Smarttech247 Group fundamental ratios Correlations
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Smarttech247 Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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