Champion Retained Earnings vs Net Receivables Analysis

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Champion Gaming financial indicator trend analysis is way more than just evaluating Champion Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Champion Gaming Group is a good investment. Please check the relationship between Champion Gaming Retained Earnings and its Net Receivables accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area.

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Champion Gaming Group Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Champion Gaming's Retained Earnings and Net Receivables is 0.92. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Champion Gaming Group, assuming nothing else is changed. The correlation between historical values of Champion Gaming's Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Champion Gaming Group are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., Champion Gaming's Retained Earnings and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Receivables

Most indicators from Champion Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Champion Gaming 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area.

Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is likely to drop to about 666.2 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	1.8M	1.1M	641.1K	1.0M
Total Revenue	2.0M	1.3M	909.7K	1.2M

Gross Profit Total Revenue

Champion Gaming fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Short Long Term Debt	Net Debt	Long Term Debt
Other Current Liab		0.77	-0.37	-0.97	-0.89	0.73	-0.96	-0.7	1.0	1.0	0.45	-0.65	0.57	0.33	0.57	0.65	-0.37	0.81	-0.65	0.61	0.84	-0.67	0.64	-0.37	-0.37
Total Current Liabilities	0.77		-0.77	-0.81	-0.95	1.0	-0.83	-0.76	0.77	0.76	0.2	-0.95	0.5	0.04	0.5	0.88	-0.77	0.93	-0.94	0.55	0.93	-0.95	0.97	-0.77	-0.77
Other Liab	-0.37	-0.77		0.49	0.6	-0.79	0.55	0.61	-0.37	-0.36	0.03	0.68	-0.32	0.16	-0.32	-0.74	1.0	-0.52	0.68	-0.35	-0.55	0.68	-0.79	1.0	1.0
Net Tangible Assets	-0.97	-0.81	0.49		0.92	-0.77	0.99	0.73	-0.97	-0.97	-0.45	0.68	-0.63	-0.33	-0.63	-0.61	0.49	-0.77	0.67	-0.67	-0.83	0.69	-0.68	0.49	0.49
Retained Earnings	-0.89	-0.95	0.6	0.92		-0.93	0.92	0.71	-0.89	-0.89	-0.4	0.87	-0.63	-0.25	-0.63	-0.77	0.6	-0.93	0.86	-0.68	-0.96	0.88	-0.86	0.6	0.6
Accounts Payable	0.73	1.0	-0.79	-0.77	-0.93		-0.8	-0.79	0.73	0.73	0.11	-0.97	0.42	-0.05	0.42	0.9	-0.79	0.92	-0.96	0.48	0.9	-0.97	0.99	-0.79	-0.79
Net Receivables	-0.96	-0.83	0.55	0.99	0.92	-0.8		0.79	-0.96	-0.96	-0.36	0.72	-0.57	-0.23	-0.57	-0.66	0.55	-0.78	0.71	-0.6	-0.82	0.73	-0.73	0.55	0.55
Total Current Assets	-0.7	-0.76	0.61	0.73	0.71	-0.79	0.79		-0.69	-0.69	0.28	0.83	0.01	0.41	0.01	-0.74	0.61	-0.68	0.83	-0.04	-0.56	0.82	-0.82	0.61	0.61
Common Stock	1.0	0.77	-0.37	-0.97	-0.89	0.73	-0.96	-0.69		1.0	0.45	-0.65	0.58	0.33	0.58	0.64	-0.37	0.81	-0.64	0.61	0.84	-0.67	0.64	-0.37	-0.37
Property Plant Equipment	1.0	0.76	-0.36	-0.97	-0.89	0.73	-0.96	-0.69	1.0		0.45	-0.65	0.58	0.33	0.58	0.64	-0.36	0.8	-0.64	0.61	0.84	-0.66	0.63	-0.36	-0.36
Total Assets	0.45	0.2	0.03	-0.45	-0.4	0.11	-0.36	0.28	0.45	0.45		0.07	0.93	0.99	0.93	-0.04	0.03	0.24	0.09	0.91	0.48	0.04	-0.05	0.03	0.03
Total Stockholder Equity	-0.65	-0.95	0.68	0.68	0.87	-0.97	0.72	0.83	-0.65	-0.65	0.07		-0.22	0.23	-0.22	-0.88	0.68	-0.91	1.0	-0.28	-0.82	1.0	-0.98	0.68	0.68
Property Plant And Equipment Net	0.57	0.5	-0.32	-0.63	-0.63	0.42	-0.57	0.01	0.58	0.58	0.93	-0.22		0.86	1.0	0.22	-0.32	0.44	-0.21	1.0	0.68	-0.25	0.27	-0.32	-0.32
Cash	0.33	0.04	0.16	-0.33	-0.25	-0.05	-0.23	0.41	0.33	0.33	0.99	0.23	0.86		0.86	-0.2	0.16	0.08	0.25	0.84	0.33	0.2	-0.22	0.16	0.16
Non Current Assets Total	0.57	0.5	-0.32	-0.63	-0.63	0.42	-0.57	0.01	0.58	0.58	0.93	-0.22	1.0	0.86		0.22	-0.32	0.44	-0.21	1.0	0.68	-0.25	0.27	-0.32	-0.32
Common Stock Shares Outstanding	0.65	0.88	-0.74	-0.61	-0.77	0.9	-0.66	-0.74	0.64	0.64	-0.04	-0.88	0.22	-0.2	0.22		-0.74	0.88	-0.87	0.27	0.81	-0.87	0.91	-0.74	-0.74
Other Stockholder Equity	-0.37	-0.77	1.0	0.49	0.6	-0.79	0.55	0.61	-0.37	-0.36	0.03	0.68	-0.32	0.16	-0.32	-0.74		-0.52	0.68	-0.35	-0.55	0.68	-0.79	1.0	1.0
Total Liab	0.81	0.93	-0.52	-0.77	-0.93	0.92	-0.78	-0.68	0.81	0.8	0.24	-0.91	0.44	0.08	0.44	0.88	-0.52		-0.91	0.5	0.96	-0.92	0.89	-0.52	-0.52
Net Invested Capital	-0.65	-0.94	0.68	0.67	0.86	-0.96	0.71	0.83	-0.64	-0.64	0.09	1.0	-0.21	0.25	-0.21	-0.87	0.68	-0.91		-0.27	-0.81	1.0	-0.98	0.68	0.68
Property Plant And Equipment Gross	0.61	0.55	-0.35	-0.67	-0.68	0.48	-0.6	-0.04	0.61	0.61	0.91	-0.28	1.0	0.84	1.0	0.27	-0.35	0.5	-0.27		0.72	-0.31	0.33	-0.35	-0.35
Capital Stock	0.84	0.93	-0.55	-0.83	-0.96	0.9	-0.82	-0.56	0.84	0.84	0.48	-0.82	0.68	0.33	0.68	0.81	-0.55	0.96	-0.81	0.72		-0.84	0.82	-0.55	-0.55
Net Working Capital	-0.67	-0.95	0.68	0.69	0.88	-0.97	0.73	0.82	-0.67	-0.66	0.04	1.0	-0.25	0.2	-0.25	-0.87	0.68	-0.92	1.0	-0.31	-0.84		-0.98	0.68	0.68
Short Long Term Debt	0.64	0.97	-0.79	-0.68	-0.86	0.99	-0.73	-0.82	0.64	0.63	-0.05	-0.98	0.27	-0.22	0.27	0.91	-0.79	0.89	-0.98	0.33	0.82	-0.98		-0.79	-0.79
Net Debt	-0.37	-0.77	1.0	0.49	0.6	-0.79	0.55	0.61	-0.37	-0.36	0.03	0.68	-0.32	0.16	-0.32	-0.74	1.0	-0.52	0.68	-0.35	-0.55	0.68	-0.79		1.0
Long Term Debt	-0.37	-0.77	1.0	0.49	0.6	-0.79	0.55	0.61	-0.37	-0.36	0.03	0.68	-0.32	0.16	-0.32	-0.74	1.0	-0.52	0.68	-0.35	-0.55	0.68	-0.79	1.0

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Champion Retained Earnings vs Net Receivables Analysis

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Receivables

Champion Gaming fundamental ratios Correlations

Champion Gaming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Champion Stock Analysis

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Common Stock	+ 1.0	Other Current Liab
Property Plant Equipment	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Other Liab
Net Debt	+ 1.0	Other Liab
Long Term Debt	+ 1.0	Other Liab

Short Long Term Debt	- 0.98	Net Working Capital
Short Long Term Debt	- 0.98	Net Invested Capital
Short Long Term Debt	- 0.98	Total Stockholder Equity
Net Working Capital	- 0.97	Accounts Payable
Total Stockholder Equity	- 0.97	Accounts Payable
Property Plant Equipment	- 0.97	Net Tangible Assets