Vestis Inventory vs Cash Analysis
| VSTS Stock | 15.62 2.31 17.36% |
Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Inventory and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.
Inventory vs Cash
Inventory vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Inventory account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Vestis' Inventory and Cash is -0.67. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Inventory and Cash 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 Vestis are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Vestis' Inventory and Cash go up and down completely randomly.
Correlation Coefficient | -0.67 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Inventory
Cash
Cash refers to the most liquid asset of Vestis, which is listed under current asset account on Vestis balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Vestis customers. The amounts must be unrestricted with restricted cash listed in a different Vestis account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.Enterprise Value is likely to gain to about 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 10K | 9K | 8.6K | Depreciation And Amortization | 136.5M | 122.9M | 108.3M |
Vestis fundamental ratios Correlations
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Vestis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Vestis Stock Analysis
When running Vestis' price analysis, check to measure Vestis' 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 Vestis is operating at the current time. Most of Vestis' value examination focuses on studying past and present price action to predict the probability of Vestis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vestis' price. Additionally, you may evaluate how the addition of Vestis to your portfolios can decrease your overall portfolio volatility.