Casella Total Current Assets vs Net Receivables Analysis
CWST Stock | USD 98.55 0.93 0.95% |
Casella Waste financial indicator trend analysis is way more than just evaluating Casella Waste Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Casella Waste Systems is a good investment. Please check the relationship between Casella Waste Total Current Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Casella Waste Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Total Current Assets vs Net Receivables
Total Current Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Casella Waste Systems Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Casella Waste's Total Current Assets and Net Receivables is 0.95. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Casella Waste Systems, assuming nothing else is changed. The correlation between historical values of Casella Waste's Total Current Assets 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 Total Current Assets of Casella Waste Systems 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 Total Current Assets i.e., Casella Waste's Total Current Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.95 |
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.Net Receivables
Most indicators from Casella Waste's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Casella Waste Systems 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 Casella Waste Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Casella Waste's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 342.9 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 272.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 306.8M | 362.0M | 261.8M | 186.2M | Total Revenue | 889.2M | 1.1B | 1.3B | 1.3B |
Casella Waste fundamental ratios Correlations
Click cells to compare fundamentals
Casella Waste Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Casella Waste fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 932.2M | 1.2B | 1.3B | 1.4B | 2.5B | 2.7B | |
Short Long Term Debt Total | 593.4M | 609.2M | 616.1M | 658.3M | 1.1B | 1.2B | |
Other Current Liab | 50.2M | 61.5M | 68.5M | 83.7M | 85.8M | 90.1M | |
Total Current Liabilities | 130.6M | 131.2M | 152.2M | 177.6M | 278.9M | 292.8M | |
Total Stockholder Equity | 122.8M | 362.1M | 422.5M | 497.9M | 1.0B | 1.1B | |
Property Plant And Equipment Net | 551.9M | 605.8M | 738.4M | 812.6M | 1.1B | 1.1B | |
Net Debt | 589.9M | 454.8M | 582.3M | 587.2M | 897.6M | 482.5M | |
Retained Earnings | (357.0M) | (266.1M) | (225.0M) | (171.9M) | (146.5M) | (153.8M) | |
Accounts Payable | 64.4M | 49.2M | 63.1M | 74.2M | 116.8M | 122.6M | |
Cash | 3.5M | 154.3M | 33.8M | 71.2M | 220.9M | 232.0M | |
Non Current Assets Total | 829.4M | 946.6M | 1.1B | 1.2B | 2.1B | 2.2B | |
Non Currrent Assets Other | 13.1M | 15.2M | 16.9M | 29.0M | 21.8M | 16.9M | |
Cash And Short Term Investments | 3.5M | 154.3M | 33.8M | 71.2M | 220.9M | 232.0M | |
Net Receivables | 80.2M | 74.2M | 87.0M | 100.9M | 160.4M | 168.4M | |
Common Stock Shares Outstanding | 48.0M | 49.0M | 51.5M | 51.8M | 55.3M | 34.7M | |
Liabilities And Stockholders Equity | 932.2M | 1.2B | 1.3B | 1.4B | 2.5B | 2.7B | |
Non Current Liabilities Total | 678.8M | 700.5M | 708.9M | 773.7M | 1.2B | 1.3B | |
Other Current Assets | 19.1M | 18.7M | 25.7M | 35.4M | 27.1M | 15.6M | |
Other Stockholder Equity | 485.3M | 639.2M | 652.0M | 661.8M | 1.2B | 1.2B | |
Total Liab | 809.4M | 831.8M | 861.1M | 951.3M | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 551.9M | 605.8M | 738.4M | 812.6M | 2.2B | 2.4B | |
Total Current Assets | 102.8M | 247.3M | 146.5M | 207.5M | 426.3M | 447.6M | |
Accumulated Other Comprehensive Income | (6.0M) | (11.5M) | (5.1M) | 7.5M | (1.1M) | (1.1M) | |
Short Term Debt | 13.7M | 17.8M | 17.2M | 16.0M | 44.8M | 28.0M | |
Intangible Assets | 58.7M | 58.3M | 93.7M | 91.8M | 241.4M | 253.5M | |
Other Liab | 95.5M | 109.2M | 110.1M | 131.4M | 151.1M | 158.6M | |
Other Assets | 21.7M | 182.9M | 60.9M | 44.5M | 40.0M | 49.9M | |
Long Term Debt | 509.0M | 530.4M | 542.5M | 585.0M | 1.0B | 1.1B | |
Common Stock Total Equity | 478K | 511K | 514K | 517K | 594.6K | 373.1K | |
Inventory | 7.7M | 7.9M | 9.7M | 13.5M | 17.9M | 18.8M | |
Common Stock | 478K | 511K | 514K | 517K | 580K | 383.5K | |
Property Plant Equipment | 551.9M | 605.8M | 738.4M | 812.6M | 934.5M | 497.6M | |
Current Deferred Revenue | 2.3M | 2.7M | 3.4M | 3.7M | 31.5M | 33.0M | |
Good Will | 185.8M | 194.9M | 232.9M | 274.5M | 735.7M | 772.5M | |
Net Tangible Assets | (51.1M) | 169.9M | 95.9M | 189.0M | 217.4M | 228.2M | |
Retained Earnings Total Equity | (357.0M) | (266.1M) | (225.0M) | (171.9M) | (197.7M) | (207.6M) |
Pair Trading with Casella Waste
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 Casella Waste 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 Casella Waste will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Casella Waste could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casella Waste 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 Casella Waste - 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 Casella Waste Systems to buy it.
The correlation of Casella Waste 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 Casella Waste moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casella Waste Systems 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 Casella Waste 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 Casella Waste Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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When running Casella Waste's price analysis, check to measure Casella Waste'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 Casella Waste is operating at the current time. Most of Casella Waste's value examination focuses on studying past and present price action to predict the probability of Casella Waste's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Casella Waste's price. Additionally, you may evaluate how the addition of Casella Waste to your portfolios can decrease your overall portfolio volatility.
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Is Casella Waste'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 Casella Waste. If investors know Casella 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 Casella Waste 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 (0.29) | Earnings Share 0.32 | Revenue Per Share 23.669 | Quarterly Revenue Growth 0.299 | Return On Assets 0.032 |
The market value of Casella Waste Systems is measured differently than its book value, which is the value of Casella that is recorded on the company's balance sheet. Investors also form their own opinion of Casella Waste's value that differs from its market value or its book value, called intrinsic value, which is Casella Waste'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 Casella Waste's market value can be influenced by many factors that don't directly affect Casella Waste'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 Casella Waste's value and its price as these two are different measures arrived at by different means. Investors typically determine if Casella Waste is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Casella Waste'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.