| TOMZ Stock | | | USD 0.74 0.02 2.78% |
TOMI Environmental financial indicator trend analysis is much more than just breaking down TOMI Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TOMI Environmental is a good investment. Please check the relationship between TOMI Environmental Accounts Payable and its Common Stock Total Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TOMI Environmental Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Accounts Payable vs Common Stock Total Equity
Accounts Payable vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TOMI Environmental Accounts Payable account and
Common Stock Total Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TOMI Environmental's Accounts Payable and Common Stock Total Equity is -0.19. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of TOMI Environmental Solutions, assuming nothing else is changed. The correlation between historical values of TOMI Environmental's Accounts Payable and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of TOMI Environmental Solutions are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Accounts Payable i.e., TOMI Environmental's Accounts Payable and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents TOMI Environmental 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 TOMI Environmental 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.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from TOMI Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TOMI Environmental 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 TOMI Environmental Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, TOMI Environmental's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is expected to grow at the current pace this year, whereas
Sales General And Administrative To Revenue is likely to drop 0.70 in 2024.
TOMI Environmental fundamental ratios Correlations
Click cells to compare fundamentals
TOMI Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TOMI Environmental fundamental ratios Accounts
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