Central Total Current Assets vs Total Permanent Equity Analysis
CENT Stock | USD 41.24 0.05 0.12% |
Central Garden financial indicator trend analysis is way more than just evaluating Central Garden Pet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Central Garden Pet is a good investment. Please check the relationship between Central Garden Total Current Assets and its Total Permanent Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Current Assets vs Total Permanent Equity
Total Current Assets vs Total Permanent Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Central Garden Pet Total Current Assets account and Total Permanent Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Central Garden's Total Current Assets and Total Permanent Equity is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Permanent Equity in the same time period over historical financial statements of Central Garden Pet, assuming nothing else is changed. The correlation between historical values of Central Garden's Total Current Assets and Total Permanent 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 Total Current Assets of Central Garden Pet are associated (or correlated) with its Total Permanent Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Permanent Equity has no effect on the direction of Total Current Assets i.e., Central Garden's Total Current Assets and Total Permanent Equity go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Permanent Equity
Most indicators from Central Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Central Garden Pet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Central Garden's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 359.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 58.3M | 57.0M | 65.6M | 36.4M | Depreciation And Amortization | 78.1M | 87.7M | 100.9M | 105.9M |
Central Garden fundamental ratios Correlations
Click cells to compare fundamentals
Central Garden Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Central Garden fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 3.1B | 3.3B | 3.4B | 3.9B | 4.1B | |
Short Long Term Debt Total | 814.1M | 1.4B | 1.4B | 1.4B | 1.6B | 1.7B | |
Other Current Liab | 201.4M | 235.0M | 54.4M | 216.2M | 248.7M | 261.1M | |
Total Current Liabilities | 440.3M | 522.3M | 465.9M | 458.0M | 526.7M | 553.0M | |
Total Stockholder Equity | 1.1B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 360.5M | 494.2M | 583.3M | 565.3M | 650.1M | 682.6M | |
Net Debt | 161.4M | 930.2M | 1.2B | 885.7M | 1.0B | 1.1B | |
Retained Earnings | 510.8M | 646.1M | 755.3M | 859.4M | 988.3M | 1.0B | |
Accounts Payable | 205.2M | 245.5M | 215.7M | 190.9M | 219.5M | 135.0M | |
Cash | 652.7M | 426.4M | 177.4M | 488.7M | 562.0M | 590.1M | |
Non Current Assets Total | 814.1M | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Non Currrent Assets Other | 28.7M | 575.0M | (130.8M) | 62.6M | 71.9M | 45.5M | |
Cash And Short Term Investments | 652.7M | 426.4M | 177.4M | 488.7M | 562.0M | 590.1M | |
Net Receivables | 391.8M | 385.4M | 376.8M | 332.9M | 382.8M | 211.5M | |
Common Stock Shares Outstanding | 54.7M | 55.2M | 54.4M | 53.4M | 61.4M | 44.7M | |
Liabilities And Stockholders Equity | 2.3B | 3.1B | 3.3B | 3.4B | 3.9B | 4.1B | |
Non Current Liabilities Total | 821.4M | 1.4B | 1.5B | 1.5B | 1.7B | 1.8B | |
Inventory | 439.6M | 685.2M | 938M | 838.2M | 963.9M | 1.0B | |
Other Current Assets | 43.1M | 41.2M | 46.6M | 33.2M | 38.1M | 31.4M | |
Other Stockholder Equity | 566.9M | 576.4M | 582.1M | 594.4M | 683.6M | 419.0M | |
Total Liab | 1.3B | 1.9B | 1.9B | 1.9B | 2.2B | 2.3B | |
Property Plant And Equipment Gross | 244.7K | 494.2M | 583.3M | 565.3M | 650.1M | 682.6M | |
Total Current Assets | 1.5B | 1.5B | 1.6B | 1.7B | 2.0B | 2.1B | |
Accumulated Other Comprehensive Income | (1.4M) | (831K) | (4.1M) | (3.0M) | (3.4M) | (3.6M) | |
Short Term Debt | 33.6M | 41.8M | 48.4M | 50.8M | 45.8M | 48.0M | |
Intangible Assets | 134.9M | 134.4M | 543.2M | 497.2M | 571.8M | 600.4M | |
Good Will | 286.1M | 290.0M | 369.4M | 546.4M | 628.4M | 314.4M | |
Common Stock Total Equity | 561K | 113.0 | 552K | 542K | 623.3K | 469.0K | |
Common Stock | 548K | 552K | 542K | 537K | 617.6K | 490.3K | |
Current Deferred Revenue | (14.0M) | 57.3M | 41.0K | 147.4M | 169.5M | 178.0M | |
Other Liab | 57.3M | 41.0M | 56.0M | 147.4M | 169.5M | 178.0M | |
Net Tangible Assets | 563.8M | 651.9M | 718.4M | 244.1M | 280.7M | 377.9M | |
Other Assets | 37K | 24K | 31K | 16.7M | 19.2M | 15.4M | |
Long Term Debt | 694.0M | 1.2B | 1.2B | 1.2B | 1.4B | 1.4B |
Pair Trading with Central Garden
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Central Garden position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Central Garden will appreciate offsetting losses from the drop in the long position's value.Moving together with Central Stock
0.66 | EL | Estee Lauder Companies Earnings Call Tomorrow | PairCorr |
Moving against Central Stock
0.63 | NUS | Nu Skin Enterprises Financial Report 1st of May 2024 | PairCorr |
0.43 | YSG | Yatsen Holding Downward Rally | PairCorr |
The ability to find closely correlated positions to Central Garden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Garden when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Central Garden - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Central Garden Pet to buy it.
The correlation of Central Garden is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Central Garden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Garden Pet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Central Garden can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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Is Central Garden's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Central Garden. If investors know Central will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Central Garden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.122 | Earnings Share 2.01 | Revenue Per Share 63.351 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0451 |
The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Central Garden's market value can be influenced by many factors that don't directly affect Central Garden's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.