Zumiez Other Liab vs Inventory Analysis

ZUMZ Stock  USD 22.82  0.82  3.73%   
Zumiez financial indicator trend analysis is more than just analyzing Zumiez Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zumiez Inc is a good investment. Please check the relationship between Zumiez Other Liab and its Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zumiez Inc. 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.

Other Liab vs Inventory

Other Liab vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zumiez Inc Other Liab account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zumiez's Other Liab and Inventory is -0.15. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Inventory in the same time period over historical financial statements of Zumiez Inc, assuming nothing else is changed. The correlation between historical values of Zumiez's Other Liab and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Zumiez Inc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Liab i.e., Zumiez's Other Liab and Inventory go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Liab

Inventory

Most indicators from Zumiez's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zumiez Inc 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 Zumiez Inc. 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, Zumiez's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 37.44 in 2024, whereas Selling General Administrative is likely to drop slightly above 190.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit456.7M324.7M280.9M231.2M
Total Revenue1.2B958.4M875.5M664.4M

Zumiez fundamental ratios Correlations

0.950.08-0.37-0.280.960.590.430.97-0.440.950.170.80.930.940.740.970.950.760.830.930.850.730.530.980.54
0.950.1-0.19-0.280.830.580.470.86-0.160.820.320.60.970.860.590.880.90.820.880.780.880.860.380.950.4
0.080.10.060.220.050.140.670.040.19-0.010.01-0.110.20.13-0.34-0.040.110.07-0.150.03-0.050.08-0.710.08-0.6
-0.37-0.190.060.56-0.49-0.66-0.12-0.510.5-0.51-0.13-0.44-0.07-0.42-0.51-0.47-0.21-0.51-0.44-0.48-0.540.14-0.42-0.3-0.34
-0.28-0.280.220.56-0.26-0.530.24-0.30.02-0.31-0.67-0.16-0.16-0.22-0.48-0.34-0.09-0.56-0.56-0.22-0.57-0.27-0.39-0.24-0.45
0.960.830.05-0.49-0.260.560.360.99-0.650.990.010.910.810.930.80.970.930.650.720.990.750.550.620.930.63
0.590.580.14-0.66-0.530.560.420.64-0.170.540.530.380.510.670.470.560.480.740.690.490.810.330.280.60.23
0.430.470.67-0.120.240.360.420.38-0.040.31-0.050.230.550.52-0.040.290.480.490.220.330.360.2-0.270.48-0.44
0.970.860.04-0.51-0.30.990.640.38-0.60.970.090.860.830.960.820.960.940.710.760.960.810.60.610.950.62
-0.44-0.160.190.50.02-0.65-0.17-0.04-0.6-0.640.51-0.85-0.2-0.53-0.73-0.52-0.5-0.08-0.06-0.71-0.150.16-0.7-0.42-0.64
0.950.82-0.01-0.51-0.310.990.540.310.97-0.640.030.910.790.90.810.990.90.660.740.990.760.540.650.910.66
0.170.320.01-0.13-0.670.010.53-0.050.090.510.03-0.190.240.14-0.020.120.020.480.52-0.070.50.48-0.030.160.04
0.80.6-0.11-0.44-0.160.910.380.230.86-0.850.91-0.190.620.810.80.850.810.420.460.940.50.270.760.770.7
0.930.970.2-0.07-0.160.810.510.550.83-0.20.790.240.620.870.550.820.930.720.760.760.770.850.330.950.33
0.940.860.13-0.42-0.220.930.670.520.96-0.530.90.140.810.870.710.880.950.690.70.90.780.620.520.960.49
0.740.59-0.34-0.51-0.480.80.47-0.040.82-0.730.81-0.020.80.550.710.780.70.550.60.80.650.390.840.720.88
0.970.88-0.04-0.47-0.340.970.560.290.96-0.520.990.120.850.820.880.780.890.720.830.960.820.620.630.920.64
0.950.90.11-0.21-0.090.930.480.480.94-0.50.90.020.810.930.950.70.890.610.670.90.70.710.510.980.5
0.760.820.07-0.51-0.560.650.740.490.71-0.080.660.480.420.720.690.550.720.610.870.580.950.590.330.750.27
0.830.88-0.15-0.44-0.560.720.690.220.76-0.060.740.520.460.760.70.60.830.670.870.650.960.740.480.80.48
0.930.780.03-0.48-0.220.990.490.330.96-0.710.99-0.070.940.760.90.80.960.90.580.650.680.480.640.890.64
0.850.88-0.05-0.54-0.570.750.810.360.81-0.150.760.50.50.770.780.650.820.70.950.960.680.680.460.830.44
0.730.860.080.14-0.270.550.330.20.60.160.540.480.270.850.620.390.620.710.590.740.480.680.180.760.33
0.530.38-0.71-0.42-0.390.620.28-0.270.61-0.70.65-0.030.760.330.520.840.630.510.330.480.640.460.180.520.91
0.980.950.08-0.3-0.240.930.60.480.95-0.420.910.160.770.950.960.720.920.980.750.80.890.830.760.520.51
0.540.4-0.6-0.34-0.450.630.23-0.440.62-0.640.660.040.70.330.490.880.640.50.270.480.640.440.330.910.51
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Zumiez Account Relationship Matchups

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