| TCS Stock | | | USD 3.61 0.20 5.25% |
Container Store financial indicator trend analysis is way more than just evaluating Container Store Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Container Store Group is a good investment. Please check the relationship between Container Store 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 Container Store Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
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
Container Store Group Net Working Capital account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Container Store's Net Working Capital and Accounts Payable is -0.33. 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 Container Store Group, assuming nothing else is changed. The correlation between historical values of Container Store'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 Container Store Group 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., Container Store's Net Working Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.33 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Working Capital
Accounts Payable
An accounting item on the balance sheet that represents Container Store 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 Container Store Group 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 Container Store's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Container Store Group 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 Container Store Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
At this time, Container Store's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 7.73 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.48 in 2024.
Container Store fundamental ratios Correlations
Click cells to compare fundamentals
Container Store Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Container Store fundamental ratios Accounts
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Additional Tools for Container Stock Analysis
When running Container Store's price analysis, check to
measure Container Store'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 Container Store is operating at the current time. Most of Container Store's value examination focuses on studying past and present price action to
predict the probability of Container Store's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Container Store's price. Additionally, you may evaluate how the addition of Container Store to your portfolios can decrease your overall portfolio volatility.