| SMP Stock | | | 0.02 0.01 20.00% |
Southern Empire financial indicator trend analysis is much more than just breaking down Southern Empire Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Empire Resources is a good investment. Please check the relationship between Southern Empire Inventory and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Empire Resources. 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.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Empire Resources Inventory account and
Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Southern Empire's Inventory and Accounts Payable is -0.53. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Southern Empire Resources, assuming nothing else is changed. The correlation between historical values of Southern Empire's Inventory 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 Inventory of Southern Empire Resources 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 Inventory i.e., Southern Empire's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Southern Empire 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 Southern Empire Resources 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 Southern Empire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Empire Resources 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 Southern Empire Resources. 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.
Selling General Administrative is likely to climb to about 824.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Southern Empire fundamental ratios Correlations
Click cells to compare fundamentals
Southern Empire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern Empire fundamental ratios Accounts
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Additional Tools for Southern Stock Analysis
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measure Southern Empire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southern Empire is operating at the current time. Most of Southern Empire's value examination focuses on studying past and present price action to
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