Columbus Cash And Short Term Investments vs Retained Earnings Analysis
CMCO Stock | USD 45.30 0.72 1.62% |
Columbus McKinnon financial indicator trend analysis is way more than just evaluating Columbus McKinnon prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Columbus McKinnon is a good investment. Please check the relationship between Columbus McKinnon Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbus McKinnon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Columbus McKinnon Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Columbus McKinnon's Cash And Short Term Investments and Retained Earnings is 0.67. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Columbus McKinnon, assuming nothing else is changed. The correlation between historical values of Columbus McKinnon's Cash And Short Term Investments 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 Cash And Short Term Investments of Columbus McKinnon 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 Cash And Short Term Investments i.e., Columbus McKinnon's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Columbus McKinnon balance sheet. This account contains Columbus McKinnon investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Columbus McKinnon fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 Columbus McKinnon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Columbus McKinnon 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 Columbus McKinnon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.As of the 16th of May 2024, Tax Provision is likely to grow to about 31.5 M, while Selling General Administrative is likely to drop about 73.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 315.7M | 342.1M | 393.4M | 199.9M | Total Revenue | 906.6M | 936.2M | 1.1B | 673.8M |
Columbus McKinnon fundamental ratios Correlations
Click cells to compare fundamentals
Columbus McKinnon Account Relationship Matchups
Columbus McKinnon fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.7B | 1.7B | 2.0B | 2.1B | |
Short Long Term Debt Total | 251.3M | 249.0M | 511.2M | 526.1M | 605.0M | 635.2M | |
Other Current Liab | 80.1M | 95.2M | 95.3M | 88.5M | 101.8M | 106.9M | |
Total Current Liabilities | 155.3M | 183.9M | 249.6M | 241.7M | 277.9M | 140.6M | |
Total Stockholder Equity | 463.6M | 530.1M | 772.8M | 833.8M | 958.9M | 1.0B | |
Property Plant And Equipment Net | 79.5M | 74.8M | 97.9M | 94.4M | 108.5M | 82.6M | |
Net Debt | 136.9M | 46.8M | 395.8M | 392.9M | 353.6M | 371.3M | |
Retained Earnings | 290.4M | 293.8M | 316.3M | 356.8M | 410.3M | 430.8M | |
Accounts Payable | 57.3M | 68.6M | 90.9M | 76.7M | 88.2M | 47.2M | |
Cash | 114.5M | 202.1M | 115.4M | 133.2M | 153.2M | 160.8M | |
Non Current Assets Total | 710.5M | 708.6M | 1.2B | 1.2B | 1.4B | 1.5B | |
Non Currrent Assets Other | 59.8M | 61.3M | 68.9M | 88.3M | 101.5M | 106.6M | |
Cash And Short Term Investments | 114.5M | 202.1M | 115.4M | 133.2M | 153.2M | 160.8M | |
Net Receivables | 123.7M | 105.5M | 147.5M | 151.5M | 174.2M | 116.4M | |
Common Stock Shares Outstanding | 23.9M | 24.2M | 28.4M | 28.8M | 33.1M | 20.5M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.7B | 1.7B | 2.0B | 2.1B | |
Non Current Liabilities Total | 474.4M | 436.4M | 663.3M | 623.0M | 716.5M | 380.0M | |
Inventory | 127.4M | 111.5M | 172.1M | 179.4M | 206.3M | 116.1M | |
Other Current Assets | 17.2M | 22.8M | 31.5M | 32.3M | 37.1M | 19.1M | |
Other Stockholder Equity | 287.3M | 296.1M | 506.1M | 514.8M | 592.0M | 621.6M | |
Total Liab | 629.7M | 620.3M | 912.9M | 864.7M | 994.4M | 520.6M | |
Property Plant And Equipment Gross | 79.5M | 74.8M | 327.2M | 326.1M | 375.0M | 393.8M | |
Total Current Assets | 382.7M | 441.8M | 466.6M | 496.2M | 570.7M | 319.0M | |
Accumulated Other Comprehensive Income | (114.4M) | (60.0M) | (49.9M) | (38.0M) | (34.2M) | (36.0M) | |
Intangible Assets | 218.0M | 213.4M | 390.8M | 362.5M | 326.3M | 342.6M | |
Other Liab | 188.7M | 191.9M | 192.6M | 143.2M | 164.7M | 106.9M | |
Other Assets | 44.6M | 81.3M | 71.3M | 30.8M | 35.4M | 40.3M | |
Long Term Debt | 246.9M | 244.5M | 470.7M | 431.0M | 495.6M | 269.5M | |
Common Stock Total Equity | 238K | 240K | 285K | 286K | 328.9K | 217.9K | |
Common Stock | 238K | 240K | 285K | 286K | 328.9K | 217.9K | |
Property Plant Equipment | 79.5M | 74.8M | 97.9M | 94.4M | 108.5M | 84.1M | |
Current Deferred Revenue | 13.5M | 15.6M | 22.9M | 27.8M | 25.0M | 24.4M | |
Good Will | 319.7M | 331.2M | 648.8M | 644.6M | 580.2M | 551.2M | |
Net Tangible Assets | (74.1M) | (14.4M) | (266.8M) | (173.4M) | (156.0M) | (148.2M) | |
Retained Earnings Total Equity | 290.4M | 293.8M | 316.3M | 356.8M | 410.3M | 226.2M | |
Short Term Investments | 662K | 743K | 859K | 7.6M | 8.8M | 9.2M | |
Long Term Debt Total | 246.9M | 244.5M | 470.7M | 431.0M | 495.6M | 283.4M |
Pair Trading with Columbus McKinnon
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 Columbus McKinnon 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 Columbus McKinnon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Columbus McKinnon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbus McKinnon 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 Columbus McKinnon - 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 Columbus McKinnon to buy it.
The correlation of Columbus McKinnon 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 Columbus McKinnon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.Note that the Columbus McKinnon information on this page should be used as a complementary analysis to other Columbus McKinnon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Columbus Stock analysis
When running Columbus McKinnon's price analysis, check to measure Columbus McKinnon'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 Columbus McKinnon is operating at the current time. Most of Columbus McKinnon's value examination focuses on studying past and present price action to predict the probability of Columbus McKinnon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbus McKinnon's price. Additionally, you may evaluate how the addition of Columbus McKinnon to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Stocks Directory Find actively traded stocks across global markets | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Content Syndication Quickly integrate customizable finance content to your own investment portal |
Is Columbus McKinnon'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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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 (0.19) | Dividend Share 0.28 | Earnings Share 1.68 | Revenue Per Share 34.926 | Quarterly Revenue Growth 0.103 |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.