Cumulus Net Invested Capital vs Net Receivables Analysis

CMLS Stock

USD 3.30 0.46 16.20%

Cumulus Media financial indicator trend analysis is way more than just evaluating Cumulus Media Class prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cumulus Media Class is a good investment. Please check the relationship between Cumulus Media Net Invested Capital and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cumulus Media Class. 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.

Net Invested Capital vs Net Receivables

Net Invested Capital vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cumulus Media Class Net Invested Capital account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Cumulus Media's Net Invested Capital and Net Receivables is -0.03. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Cumulus Media Class, assuming nothing else is changed. The correlation between historical values of Cumulus Media's Net Invested Capital and Net Receivables 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 Cumulus Media Class are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Invested Capital i.e., Cumulus Media's Net Invested Capital and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Invested Capital

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

Net Receivables

Most indicators from Cumulus Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cumulus Media Class 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 Cumulus Media Class. 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.

Selling General Administrative is likely to drop to about 49.7 M in 2024. Discontinued Operations is likely to drop to about 105.6 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	557.8M	596.0M	445.9M	347.3M
Total Revenue	916.5M	953.5M	844.5M	699.3M

Gross Profit Total Revenue

Cumulus Media fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Common Stock Total Equity	Short Term Debt	Other Liab
Total Assets		0.92	0.47	0.65	0.1	0.08	0.92	-0.52	0.39	-0.26	1.0	0.35	-0.26	0.64	0.48	0.93	0.68	0.09	0.94	-0.14	0.34	0.97	0.5	0.86	-0.05	-0.11
Short Long Term Debt Total	0.92		0.38	0.41	-0.29	-0.08	1.0	-0.8	0.27	-0.23	0.91	0.34	-0.23	0.67	0.56	1.0	0.61	0.27	0.99	-0.31	0.39	0.97	0.5	0.74	0.31	0.1
Other Current Liab	0.47	0.38		0.47	0.22	0.33	0.39	-0.07	0.4	-0.26	0.45	0.07	-0.26	0.62	0.3	0.38	0.31	-0.18	0.39	0.13	0.35	0.46	0.47	0.38	-0.16	0.04
Total Current Liabilities	0.65	0.41	0.47		0.57	0.65	0.4	0.13	0.16	-0.01	0.63	0.09	-0.01	0.56	0.2	0.42	0.4	-0.1	0.45	0.46	0.42	0.55	0.63	0.5	-0.47	-0.17
Total Stockholder Equity	0.1	-0.29	0.22	0.57		0.45	-0.27	0.77	0.25	-0.15	0.12	-0.02	-0.15	-0.06	-0.22	-0.26	0.15	-0.49	-0.23	0.41	-0.11	-0.1	-0.02	0.23	-0.92	-0.57
Property Plant And Equipment Net	0.08	-0.08	0.33	0.65	0.45		-0.12	0.41	-0.41	0.4	0.03	0.0	0.4	0.48	0.13	-0.09	0.12	-0.22	-0.06	0.78	0.61	-0.03	0.63	-0.13	-0.31	-0.08
Net Debt	0.92	1.0	0.39	0.4	-0.27	-0.12		-0.79	0.31	-0.31	0.91	0.33	-0.31	0.66	0.55	0.99	0.62	0.27	0.99	-0.33	0.34	0.97	0.48	0.76	0.28	0.06
Retained Earnings	-0.52	-0.8	-0.07	0.13	0.77	0.41	-0.79		-0.11	0.09	-0.51	-0.33	0.09	-0.4	-0.52	-0.78	-0.34	-0.46	-0.76	0.57	-0.24	-0.66	-0.21	-0.4	-0.74	-0.37
Accounts Payable	0.39	0.27	0.4	0.16	0.25	-0.41	0.31	-0.11		-0.48	0.43	0.01	-0.48	-0.03	-0.02	0.3	0.38	0.08	0.31	-0.37	-0.29	0.37	-0.17	0.54	-0.21	-0.17
Cash	-0.26	-0.23	-0.26	-0.01	-0.15	0.4	-0.31	0.09	-0.48		-0.32	-0.01	1.0	-0.05	0.06	-0.21	-0.2	0.02	-0.21	0.37	0.51	-0.26	0.2	-0.44	0.22	0.42
Non Current Assets Total	1.0	0.91	0.45	0.63	0.12	0.03	0.91	-0.51	0.43	-0.32		0.33	-0.32	0.58	0.43	0.93	0.66	0.09	0.94	-0.17	0.26	0.96	0.44	0.88	-0.08	-0.14
Non Currrent Assets Other	0.35	0.34	0.07	0.09	-0.02	0.0	0.33	-0.33	0.01	-0.01	0.33		-0.01	0.33	0.22	0.36	0.25	0.09	0.36	-0.52	0.3	0.34	-0.08	0.34	0.12	-0.26
Cash And Short Term Investments	-0.26	-0.23	-0.26	-0.01	-0.15	0.4	-0.31	0.09	-0.48	1.0	-0.32	-0.01		-0.05	0.06	-0.21	-0.2	0.02	-0.21	0.37	0.51	-0.26	0.2	-0.44	0.22	0.42
Net Receivables	0.64	0.67	0.62	0.56	-0.06	0.48	0.66	-0.4	-0.03	-0.05	0.58	0.33	-0.05		0.7	0.64	0.61	0.05	0.65	0.15	0.81	0.68	0.86	0.41	0.18	0.15
Common Stock Shares Outstanding	0.48	0.56	0.3	0.2	-0.22	0.13	0.55	-0.52	-0.02	0.06	0.43	0.22	0.06	0.7		0.54	0.72	-0.2	0.54	-0.04	0.62	0.54	0.57	0.43	0.35	0.36
Non Current Liabilities Total	0.93	1.0	0.38	0.42	-0.26	-0.09	0.99	-0.78	0.3	-0.21	0.93	0.36	-0.21	0.64	0.54		0.61	0.26	1.0	-0.3	0.37	0.97	0.48	0.76	0.28	0.09
Other Current Assets	0.68	0.61	0.31	0.4	0.15	0.12	0.62	-0.34	0.38	-0.2	0.66	0.25	-0.2	0.61	0.72	0.61		-0.09	0.62	-0.06	0.42	0.64	0.46	0.62	0.05	-0.2
Other Stockholder Equity	0.09	0.27	-0.18	-0.1	-0.49	-0.22	0.27	-0.46	0.08	0.02	0.09	0.09	0.02	0.05	-0.2	0.26	-0.09		0.25	-0.24	0.07	0.19	0.1	0.04	0.37	0.29
Total Liab	0.94	0.99	0.39	0.45	-0.23	-0.06	0.99	-0.76	0.31	-0.21	0.94	0.36	-0.21	0.65	0.54	1.0	0.62	0.25		-0.28	0.38	0.98	0.5	0.77	0.25	0.08
Property Plant And Equipment Gross	-0.14	-0.31	0.13	0.46	0.41	0.78	-0.33	0.57	-0.37	0.37	-0.17	-0.52	0.37	0.15	-0.04	-0.3	-0.06	-0.24	-0.28		0.3	-0.22	0.54	-0.32	-0.35	0.11
Total Current Assets	0.34	0.39	0.35	0.42	-0.11	0.61	0.34	-0.24	-0.29	0.51	0.26	0.3	0.51	0.81	0.62	0.37	0.42	0.07	0.38	0.3		0.39	0.81	0.06	0.28	0.33
Intangible Assets	0.97	0.97	0.46	0.55	-0.1	-0.03	0.97	-0.66	0.37	-0.26	0.96	0.34	-0.26	0.68	0.54	0.97	0.64	0.19	0.98	-0.22	0.39		0.54	0.8	0.13	0.06
Common Stock	0.5	0.5	0.47	0.63	-0.02	0.63	0.48	-0.21	-0.17	0.2	0.44	-0.08	0.2	0.86	0.57	0.48	0.46	0.1	0.5	0.54	0.81	0.54		0.21	0.1	0.33
Common Stock Total Equity	0.86	0.74	0.38	0.5	0.23	-0.13	0.76	-0.4	0.54	-0.44	0.88	0.34	-0.44	0.41	0.43	0.76	0.62	0.04	0.77	-0.32	0.06	0.8	0.21		-0.28	-0.12
Short Term Debt	-0.05	0.31	-0.16	-0.47	-0.92	-0.31	0.28	-0.74	-0.21	0.22	-0.08	0.12	0.22	0.18	0.35	0.28	0.05	0.37	0.25	-0.35	0.28	0.13	0.1	-0.28		0.44
Other Liab	-0.11	0.1	0.04	-0.17	-0.57	-0.08	0.06	-0.37	-0.17	0.42	-0.14	-0.26	0.42	0.15	0.36	0.09	-0.2	0.29	0.08	0.11	0.33	0.06	0.33	-0.12	0.44

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Cumulus Media Account Relationship Matchups

Cumulus Media fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.9B	1.7B	1.6B	1.4B	1.9B
Short Long Term Debt Total	1.2B	1.1B	953.0M	862.4M	1.0B	1.3B
Other Current Liab	96.7M	88.9M	6.2M	100.7M	90.7M	51.2M
Total Current Liabilities	139.6M	129.0M	139.8M	145.6M	143.7M	97.7M
Total Stockholder Equity	455.2M	397.6M	419.5M	408.4M	286.6M	220.9M
Property Plant And Equipment Net	376.4M	366.3M	334.5M	325.3M	302.6M	185.5M
Net Debt	1.1B	858.5M	775.9M	754.9M	950.1M	1.2B
Retained Earnings	122.7M	63.0M	80.2M	96.5M	(21.4M)	(22.5M)
Accounts Payable	3.2M	6.8M	6.6M	11.0M	15.9M	12.6M
Cash	15.1M	271.8M	177.0M	107.4M	80.7M	67.1M
Non Current Assets Total	1.4B	1.4B	1.3B	1.3B	1.2B	1.7B
Non Currrent Assets Other	9.4M	12.8M	7.8M	9.2M	(728.5M)	(692.1M)
Cash And Short Term Investments	15.1M	271.8M	177.0M	107.4M	80.7M	67.1M
Net Receivables	245.4M	203.3M	198.8M	212.3M	182.2M	152.3M
Common Stock Shares Outstanding	20.3M	20.3M	20.9M	20.0M	17.3M	15.9M
Liabilities And Stockholders Equity	1.8B	1.9B	1.7B	1.6B	1.4B	1.9B
Non Current Liabilities Total	1.2B	1.3B	1.2B	1.1B	1.0B	1.5B
Other Current Assets	31.3M	27.9M	30.7M	25.5M	24.0M	26.8M
Other Stockholder Equity	332.5M	334.6M	339.3M	311.9M	308.0M	549.0M
Total Liab	1.3B	1.5B	1.3B	1.2B	1.2B	1.6B
Property Plant And Equipment Gross	376.4M	366.3M	430.5M	430.7M	426.6M	447.9M
Total Current Assets	380.7M	503.0M	406.5M	345.3M	286.9M	260.3M
Intangible Assets	994.9M	970.0M	962.3M	923.3M	837.6M	1.2B
Short Term Debt	39.7M	33.4M	28.4M	28.0M	37.2M	35.3M
Other Liab	48.7M	236.2M	233.5M	218.9M	251.8M	264.3M
Other Assets	9.0M	20.5M	14.1M	12.6M	11.4M	19.0M
Long Term Debt	2.0B	507.4M	798.9M	714.5M	672.4M	1.2B
Property Plant Equipment	232.9M	208.7M	191.5M	190.1M	218.6M	162.3M
Net Tangible Assets	290.8M	(572.4M)	(542.8M)	(514.9M)	(592.1M)	(621.7M)
Retained Earnings Total Equity	122.7M	63.0M	80.2M	96.5M	110.9M	116.5M
Long Term Debt Total	2.0B	507.4M	798.9M	714.5M	643.0M	610.9M
Capital Surpluse	333.7M	337.0M	342.2M	348.5M	313.6M	297.9M

Pair Trading with Cumulus Media

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 Cumulus Media 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 Cumulus Media will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cumulus Stock

0.63	DLPN	Dolphin Entertainment	Pair Corr
0.68	DRCT	Direct Digital Holdings	Pair Corr

Moving against Cumulus Stock

0.81	WLYB	John Wiley Sons	Pair Corr
0.75	SE	Sea Buyout Trend	Pair Corr
0.71	FOXA	Fox Corp Class Fiscal Year End 13th of August 2024	Pair Corr
0.65	GCI	Gannett Buyout Trend	Pair Corr
0.6	CTV	Innovid Corp	Pair Corr

The ability to find closely correlated positions to Cumulus Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cumulus Media 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 Cumulus Media - 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 Cumulus Media Class to buy it.

The correlation of Cumulus Media 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 Cumulus Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cumulus Media Class 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 Cumulus Media 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.

Pair Correlation Correlation Matching

When determining whether Cumulus Media Class is a strong investment it is important to analyze Cumulus Media's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cumulus Media's future performance. For an informed investment choice regarding Cumulus Stock, refer to the following important reports:

How To Invest In Cumulus

Details

Is Cumulus Stock a good investment?

Details

What is Cumulus Media's Net Worth?

Details

Largest Broadcasting Companies

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Largest Media & Entertainment Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cumulus Media Class. 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.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Cumulus Stock analysis

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

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Is Cumulus Media'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 Cumulus Media. If investors know Cumulus 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 Cumulus Media 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

(0.64)

Earnings Share

(6.51)

Revenue Per Share

49.731

Quarterly Revenue Growth

(0.03)

Return On Assets

0.0088

The market value of Cumulus Media Class is measured differently than its book value, which is the value of Cumulus that is recorded on the company's balance sheet. Investors also form their own opinion of Cumulus Media's value that differs from its market value or its book value, called intrinsic value, which is Cumulus Media'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 Cumulus Media's market value can be influenced by many factors that don't directly affect Cumulus Media'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 Cumulus Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cumulus Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cumulus Media'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.

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Cumulus Net Invested Capital vs Net Receivables Analysis

Net Invested Capital vs Net Receivables

Net Invested Capital vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Receivables

Cumulus Media fundamental ratios Correlations

Cumulus Media Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cumulus Media fundamental ratios Accounts

Pair Trading with Cumulus Media

Moving together with Cumulus Stock

Moving against Cumulus Stock

Complementary Tools for Cumulus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Liab	+ 0.99	Short Long Term Debt Total

Short Term Debt	- 0.92	Total Stockholder Equity
Retained Earnings	- 0.8	Short Long Term Debt Total
Retained Earnings	- 0.79	Net Debt
Non Current Liabilities Total	- 0.78	Retained Earnings
Total Liab	- 0.76	Retained Earnings
Short Term Debt	- 0.74	Retained Earnings