Celestica Accounts Payable vs Cash Analysis
CLS Stock | USD 51.58 0.84 1.60% |
Celestica financial indicator trend analysis is way more than just evaluating Celestica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celestica is a good investment. Please check the relationship between Celestica Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celestica Accounts Payable account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Celestica's Accounts Payable and Cash is 0.07. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Accounts Payable 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 Accounts Payable of Celestica 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 Accounts Payable i.e., Celestica's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Celestica obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Celestica are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash
Cash refers to the most liquid asset of Celestica, which is listed under current asset account on Celestica balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Celestica customers. The amounts must be unrestricted with restricted cash listed in a different Celestica 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 Celestica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celestica 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 Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.At this time, Celestica's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.59 in 2024, whereas Selling General Administrative is likely to drop slightly above 268.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 487M | 636.3M | 752.5M | 503.6M | Total Revenue | 5.6B | 7.3B | 8.1B | 5.4B |
Celestica fundamental ratios Correlations
Click cells to compare fundamentals
Celestica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celestica fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6B | 3.7B | 4.7B | 5.6B | 5.9B | 4.3B | |
Short Long Term Debt Total | 698.7M | 585.9M | 794.4M | 786.1M | 778.8M | 483.4M | |
Other Current Liab | 410.1M | 584M | 916M | 1.5B | 1.8B | 1.9B | |
Total Current Liabilities | 1.5B | 1.6B | 2.3B | 3.1B | 3.2B | 1.7B | |
Total Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.7B | 1.8B | 1.5B | |
Property Plant And Equipment Net | 459.1M | 433.5M | 452.5M | 510.3M | 623.5M | 358.8M | |
Net Debt | 219.2M | 122.1M | 400.4M | 411.6M | 410.3M | 430.8M | |
Retained Earnings | (1.4B) | (1.4B) | (1.3B) | (1.1B) | (835.3M) | (877.1M) | |
Accounts Payable | 898M | 854.5M | 1.2B | 1.4B | 1.3B | 1.1B | |
Cash | 479.5M | 463.8M | 394M | 374.5M | 368.5M | 553.6M | |
Non Current Assets Total | 968.7M | 926.9M | 1.2B | 1.3B | 1.4B | 848.7M | |
Non Currrent Assets Other | 26.4M | 25.5M | 25.2M | 34.8M | 27.5M | 26.2M | |
Cash And Short Term Investments | 479.5M | 463.8M | 394M | 374.5M | 368.5M | 553.6M | |
Net Receivables | 1.1B | 1.1B | 1.3B | 1.4B | 1.8B | 1.0B | |
Good Will | 198.3M | 198.6M | 324.2M | 321.8M | 320.1M | 323.6M | |
Common Stock Shares Outstanding | 131.8M | 129.1M | 126.7M | 123.6M | 120.3M | 147.6M | |
Liabilities And Stockholders Equity | 3.6B | 3.7B | 4.7B | 5.6B | 5.9B | 4.3B | |
Non Current Liabilities Total | 730.2M | 676.9M | 950.4M | 895.1M | 898.1M | 507.3M | |
Inventory | 992.2M | 1.1B | 1.7B | 2.4B | 2.1B | 1.1B | |
Other Current Assets | 59.2M | 81.7M | 75.4M | 202.8M | 227.3M | 238.7M | |
Other Stockholder Equity | 967.8M | 958.8M | 980.9M | 1.0B | 945.6M | 1.5B | |
Total Liab | 2.2B | 2.3B | 3.2B | 4.0B | 4.1B | 2.2B | |
Property Plant And Equipment Gross | 459.1M | 433.5M | 452.5M | 510.3M | 1.5B | 1.6B | |
Total Current Assets | 2.6B | 2.7B | 3.4B | 4.3B | 4.5B | 3.1B | |
Accumulated Other Comprehensive Income | (23.6M) | (15.2M) | (26.8M) | (1.3M) | (14.8M) | (14.1M) | |
Short Term Debt | 132.6M | 99.8M | 51.5M | 52.2M | 51.3M | 50.0M | |
Intangible Assets | 251.3M | 229.4M | 382M | 346.5M | 325.2M | 260.0M | |
Other Liab | 152M | 174.3M | 200.1M | 161.2M | 185.4M | 126.0M | |
Other Assets | 50.3M | 56.1M | 72.4M | 122.4M | 1.0 | 0.95 | |
Long Term Debt | 471.4M | 486.1M | 742.9M | 733.9M | 589.3M | 479.8M | |
Common Stock | 1.8B | 1.8B | 1.8B | 1.7B | 1.7B | 2.2B | |
Property Plant Equipment | 459.1M | 433.5M | 452.5M | 510.3M | 459.3M | 375.0M | |
Current Deferred Revenue | 33.6M | 39.9M | 47.7M | 68.9M | 64.5M | 61.2M | |
Common Stock Total Equity | 2.0B | 2.0B | 1.8B | 1.8B | 1.7B | 2.0B | |
Treasury Stock | (20.2M) | (14.8M) | (15.7M) | (48.9M) | (44.0M) | (41.8M) | |
Net Tangible Assets | 896.9M | 971.7M | 756.8M | 1.0B | 901.9M | 831.1M | |
Deferred Long Term Liab | 4.1M | 3.3M | 4.7M | 3.2M | 2.9M | 2.7M | |
Short Long Term Debt | 139.6M | 99.8M | 51.5M | 52.2M | 17M | 16.2M | |
Long Term Debt Total | 559.1M | 486.1M | 742.9M | 733.9M | 844.0M | 519.5M |
Pair Trading with Celestica
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 Celestica 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 Celestica will appreciate offsetting losses from the drop in the long position's value.Moving together with Celestica Stock
0.74 | WDC | Western Digital Financial Report 29th of July 2024 | PairCorr |
Moving against Celestica Stock
0.69 | VCSA | Vacasa Inc | PairCorr |
0.51 | RFIL | RF Industries Financial Report 12th of June 2024 | PairCorr |
0.46 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Celestica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celestica 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 Celestica - 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 Celestica to buy it.
The correlation of Celestica 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 Celestica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celestica 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 Celestica 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 Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Celestica Stock analysis
When running Celestica's price analysis, check to measure Celestica'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 Celestica is operating at the current time. Most of Celestica's value examination focuses on studying past and present price action to predict the probability of Celestica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celestica's price. Additionally, you may evaluate how the addition of Celestica to your portfolios can decrease your overall portfolio volatility.
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Is Celestica'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 Celestica. If investors know Celestica 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 Celestica 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 3.25 | Earnings Share 2.68 | Revenue Per Share 69.739 | Quarterly Revenue Growth 0.202 | Return On Assets 0.0499 |
The market value of Celestica is measured differently than its book value, which is the value of Celestica that is recorded on the company's balance sheet. Investors also form their own opinion of Celestica's value that differs from its market value or its book value, called intrinsic value, which is Celestica'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 Celestica's market value can be influenced by many factors that don't directly affect Celestica'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 Celestica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celestica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celestica'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.