Weyco Net Invested Capital vs Retained Earnings Analysis

WEYS Stock  USD 36.36  0.33  0.92%   
Weyco financial indicator trend analysis is more than just analyzing Weyco Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weyco Group is a good investment. Please check the relationship between Weyco Net Invested Capital and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco 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 manufacturing.

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weyco Group Net Invested Capital account and Retained Earnings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Weyco's Net Invested Capital and Retained Earnings is 0.21. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Weyco Group, assuming nothing else is changed. The correlation between historical values of Weyco's Net Invested Capital and Retained Earnings 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 Invested Capital of Weyco Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Weyco's Net Invested Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.
Most indicators from Weyco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weyco 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 Weyco 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 manufacturing.
At this time, Weyco's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.15 in 2024, whereas Tax Provision is likely to drop slightly above 8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense81K710K529K302.6K
Depreciation And Amortization2.7M2.7M2.8M2.5M

Weyco fundamental ratios Correlations

0.650.620.950.880.270.97-0.010.930.840.050.86-0.910.850.840.840.570.830.240.940.320.330.270.860.020.82
0.650.50.610.410.250.64-0.130.480.37-0.120.61-0.430.390.710.580.250.540.00.720.10.250.260.46-0.070.43
0.620.50.380.420.730.49-0.270.610.28-0.240.58-0.420.40.670.44-0.010.92-0.040.550.370.860.890.510.170.56
0.950.610.380.870.020.970.130.840.880.190.79-0.910.790.780.820.710.630.340.940.230.10.00.81-0.110.74
0.880.410.420.870.220.840.020.830.80.080.67-0.840.90.720.680.630.70.340.810.210.310.140.680.060.64
0.270.250.730.020.220.11-0.810.35-0.08-0.790.390.010.270.410.06-0.390.66-0.590.160.40.690.80.020.530.15
0.970.640.490.970.840.110.070.90.840.130.83-0.90.80.760.890.570.710.310.920.260.170.120.89-0.030.83
-0.01-0.13-0.270.130.02-0.810.07-0.140.240.99-0.29-0.24-0.13-0.110.10.54-0.260.90.1-0.4-0.15-0.350.21-0.680.06
0.930.480.610.840.830.350.9-0.140.79-0.060.82-0.870.890.630.840.40.840.130.750.280.310.30.890.20.9
0.840.370.280.880.8-0.080.840.240.790.30.75-0.980.770.650.810.840.550.440.780.230.03-0.120.83-0.150.82
0.05-0.12-0.240.190.08-0.790.130.99-0.060.3-0.22-0.31-0.06-0.090.160.57-0.20.910.14-0.35-0.14-0.340.29-0.60.14
0.860.610.580.790.670.390.83-0.290.820.75-0.22-0.770.690.750.790.410.73-0.030.790.590.190.210.750.310.8
-0.91-0.43-0.42-0.91-0.840.01-0.9-0.24-0.87-0.98-0.31-0.77-0.81-0.68-0.85-0.77-0.66-0.46-0.83-0.23-0.16-0.03-0.90.11-0.88
0.850.390.40.790.90.270.8-0.130.890.77-0.060.69-0.810.60.70.50.740.130.710.320.190.10.710.220.7
0.840.710.670.780.720.410.76-0.110.630.65-0.090.75-0.680.60.620.540.760.150.920.410.490.380.54-0.130.53
0.840.580.440.820.680.060.890.10.840.810.160.79-0.850.70.620.490.640.360.740.240.10.060.92-0.080.9
0.570.25-0.010.710.63-0.390.570.540.40.840.570.41-0.770.50.540.490.210.650.650.09-0.07-0.340.49-0.450.44
0.830.540.920.630.70.660.71-0.260.840.55-0.20.73-0.660.740.760.640.210.030.720.410.720.710.690.220.72
0.240.0-0.040.340.34-0.590.310.90.130.440.91-0.03-0.460.130.150.360.650.030.31-0.20.06-0.20.41-0.560.28
0.940.720.550.940.810.160.920.10.750.780.140.79-0.830.710.920.740.650.720.310.310.310.210.72-0.140.65
0.320.10.370.230.210.40.26-0.40.280.23-0.350.59-0.230.320.410.240.090.41-0.20.310.110.150.180.410.27
0.330.250.860.10.310.690.17-0.150.310.03-0.140.19-0.160.190.490.1-0.070.720.060.310.110.930.170.060.2
0.270.260.890.00.140.80.12-0.350.3-0.12-0.340.21-0.030.10.380.06-0.340.71-0.20.210.150.930.150.20.2
0.860.460.510.810.680.020.890.210.890.830.290.75-0.90.710.540.920.490.690.410.720.180.170.15-0.030.97
0.02-0.070.17-0.110.060.53-0.03-0.680.2-0.15-0.60.310.110.22-0.13-0.08-0.450.22-0.56-0.140.410.060.2-0.030.07
0.820.430.560.740.640.150.830.060.90.820.140.8-0.880.70.530.90.440.720.280.650.270.20.20.970.07
Click cells to compare fundamentals

Weyco Account Relationship Matchups

Weyco fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets296.9M256.7M277.7M326.6M309.3M184.0M
Other Current Liab15.9M10.5M10.7M16.4M15.8M9.8M
Total Current Liabilities41.9M24.3M34.5M67.5M29.6M29.4M
Total Stockholder Equity210.0M187.9M201.4M223.9M244.5M134.7M
Property Plant And Equipment Net51.0M40.4M38.7M42.2M42.0M23.6M
Net Debt17.9M(20.5M)(8.6M)28.9M(55.8M)(53.0M)
Retained Earnings158.8M139.0M147.8M164.0M180.6M113.8M
Cash9.8M32.5M19.7M16.9M69.3M72.8M
Non Current Assets Total136.9M122.4M120.5M120.2M119.2M75.8M
Non Currrent Assets Other23.7M24.0M23.6M23.8M21.9M21.8M
Cash And Short Term Investments15.7M34.7M28.1M18.4M69.5M73.0M
Net Receivables51.5M36.0M53.8M54.2M39.5M35.7M
Common Stock Shares Outstanding10.0M9.8M9.7M9.6M9.5M11.0M
Liabilities And Stockholders Equity296.9M256.7M277.7M326.6M309.3M184.0M
Non Current Liabilities Total45.0M44.4M41.8M35.2M35.2M18.9M
Inventory86.7M59.0M71.0M128.0M74.9M47.5M
Other Current Assets6.0M4.6M4.3M5.9M6.2M5.2M
Other Stockholder Equity65.5M67.2M68.7M70.5M71.7M75.2M
Total Liab86.9M68.8M76.3M102.7M64.8M47.7M
Property Plant And Equipment Gross51.0M40.4M38.7M42.2M92.5M97.1M
Total Current Assets160.0M134.3M157.2M206.5M190.1M108.2M
Accumulated Other Comprehensive Income(24.5M)(28.0M)(24.8M)(20.2M)(17.3M)(16.4M)
Accounts Payable12.5M8.4M19.2M14.9M8.8M11.0M
Short Long Term Debt Total27.7M12.0M11.1M45.8M13.5M17.5M
Short Term Debt13.6M4.2M3.6M35.2M4.0M3.8M
Common Stock Total Equity9.9M9.8M9.7M9.6M11.0M10.1M
Short Term Investments5.9M2.2M8.3M1.5M215K204.3K
Common Stock9.9M9.8M9.7M9.6M9.5M10.1M
Other Assets24.7M67.7M24.7M24.1M1.00.95
Property Plant Equipment32.2M30.8M29.2M28.8M33.1M31.6M
Other Liab30.9M36.7M34.2M24.5M28.2M25.7M
Net Tangible Assets166.0M143.9M154.3M178.0M204.7M165.9M
Retained Earnings Total Equity158.8M139.0M147.8M164.0M188.6M139.9M
Capital Surpluse65.8M67.2M68.7M70.5M81.0M57.5M
Deferred Long Term Liab3.1M2.9M5.0M8.5M9.8M10.3M
Long Term Investments15.8M12.8M10.0M7.1M6.4M6.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Weyco Stock Analysis

When running Weyco's price analysis, check to measure Weyco'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 Weyco is operating at the current time. Most of Weyco's value examination focuses on studying past and present price action to predict the probability of Weyco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weyco's price. Additionally, you may evaluate how the addition of Weyco to your portfolios can decrease your overall portfolio volatility.