Friedman Inventory vs Net Receivables Analysis

FRD Stock

USD 18.18 0.18 0.98%

Friedman Industries financial indicator trend analysis is much more than just examining Friedman Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Friedman Industries is a good investment. Please check the relationship between Friedman Industries Inventory and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Inventory account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Friedman Industries' Inventory and Net Receivables is 0.95. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Friedman Industries, assuming nothing else is changed. The correlation between historical values of Friedman Industries' Inventory 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 Inventory of Friedman Industries 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 Inventory i.e., Friedman Industries' Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Net Receivables

Most indicators from Friedman Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Friedman Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.The current year's Selling General Administrative is expected to grow to about 26.6 M. The current year's Tax Provision is expected to grow to about 8.3 M

	2021	2022	2023	2024 (projected)
Total Operating Expenses	12.5M	22.0M	25.3M	26.6M
Cost Of Revenue	244.2M	504.5M	580.1M	609.1M

Total Operating Expenses Cost Of Revenue

Friedman Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Other Assets	Long Term Debt
Total Assets		0.98	0.29	0.92	0.97	0.98	0.95	0.99	-0.43	0.98	0.03	-0.43	0.99	0.73	0.97	0.98	0.51	-0.33	0.98	1.0	-0.02	0.95	0.99	-0.27	-0.07	0.95
Short Long Term Debt Total	0.98		0.23	0.87	0.94	0.98	0.95	0.97	-0.38	0.98	0.04	-0.38	0.97	0.64	1.0	0.94	0.43	-0.39	0.97	0.96	-0.07	0.91	0.99	-0.34	-0.11	1.0
Other Current Liab	0.29	0.23		0.63	0.08	0.15	0.26	0.25	-0.2	0.18	0.3	-0.2	0.3	-0.1	0.18	0.19	0.91	-0.56	0.44	0.33	0.4	0.54	0.25	-0.42	0.73	0.23
Total Current Liabilities	0.92	0.87	0.63		0.81	0.84	0.85	0.9	-0.38	0.85	0.11	-0.38	0.92	0.55	0.85	0.86	0.77	-0.5	0.97	0.94	0.15	0.99	0.89	-0.36	0.2	0.85
Total Stockholder Equity	0.97	0.94	0.08	0.81		0.98	0.92	0.98	-0.45	0.97	-0.02	-0.45	0.95	0.83	0.95	0.98	0.35	-0.16	0.91	0.96	-0.09	0.86	0.95	-0.15	-0.21	0.9
Property Plant And Equipment Net	0.98	0.98	0.15	0.84	0.98		0.97	0.98	-0.49	1.0	0.04	-0.49	0.97	0.75	0.98	0.97	0.39	-0.25	0.94	0.96	-0.07	0.88	0.99	-0.26	-0.13	0.96
Net Debt	0.95	0.95	0.26	0.85	0.92	0.97		0.94	-0.65	0.98	0.12	-0.65	0.94	0.69	0.95	0.95	0.47	-0.23	0.93	0.92	-0.07	0.87	0.97	-0.25	0.02	0.93
Retained Earnings	0.99	0.97	0.25	0.9	0.98	0.98	0.94		-0.44	0.98	-0.02	-0.44	0.98	0.77	0.96	0.98	0.5	-0.31	0.96	0.99	0.03	0.92	0.98	-0.26	-0.1	0.94
Cash	-0.43	-0.38	-0.2	-0.38	-0.45	-0.49	-0.65	-0.44		-0.51	-0.25	1.0	-0.42	-0.49	-0.37	-0.52	-0.33	-0.25	-0.39	-0.38	0.06	-0.36	-0.46	-0.08	-0.35	-0.33
Non Current Assets Total	0.98	0.98	0.18	0.85	0.97	1.0	0.98	0.98	-0.51		0.07	-0.51	0.97	0.74	0.98	0.97	0.42	-0.26	0.95	0.96	-0.06	0.89	0.99	-0.28	-0.09	0.96
Non Currrent Assets Other	0.03	0.04	0.3	0.11	-0.02	0.04	0.12	-0.02	-0.25	0.07		-0.25	-0.03	-0.16	0.03	0.06	0.14	0.08	0.08	0.01	-0.3	0.1	0.08	-0.33	0.72	0.04
Cash And Short Term Investments	-0.43	-0.38	-0.2	-0.38	-0.45	-0.49	-0.65	-0.44	1.0	-0.51	-0.25		-0.42	-0.49	-0.37	-0.52	-0.33	-0.25	-0.39	-0.38	0.06	-0.36	-0.46	-0.08	-0.35	-0.33
Net Receivables	0.99	0.97	0.3	0.92	0.95	0.97	0.94	0.98	-0.42	0.97	-0.03	-0.42		0.71	0.97	0.95	0.53	-0.36	0.98	0.99	0.03	0.95	0.98	-0.27	-0.09	0.95
Common Stock Shares Outstanding	0.73	0.64	-0.1	0.55	0.83	0.75	0.69	0.77	-0.49	0.74	-0.16	-0.49	0.71		0.65	0.79	0.2	0.1	0.62	0.72	-0.03	0.58	0.68	0.08	-0.24	0.58
Non Current Liabilities Total	0.97	1.0	0.18	0.85	0.95	0.98	0.95	0.96	-0.37	0.98	0.03	-0.37	0.97	0.65		0.94	0.39	-0.36	0.96	0.96	-0.09	0.9	0.99	-0.32	-0.16	0.99
Inventory	0.98	0.94	0.19	0.86	0.98	0.97	0.95	0.98	-0.52	0.97	0.06	-0.52	0.95	0.79	0.94		0.42	-0.15	0.93	0.97	-0.14	0.9	0.97	-0.14	-0.1	0.91
Other Current Assets	0.51	0.43	0.91	0.77	0.35	0.39	0.47	0.5	-0.33	0.42	0.14	-0.33	0.53	0.2	0.39	0.42		-0.59	0.62	0.55	0.6	0.67	0.45	-0.47	0.59	0.41
Other Stockholder Equity	-0.33	-0.39	-0.56	-0.5	-0.16	-0.25	-0.23	-0.31	-0.25	-0.26	0.08	-0.25	-0.36	0.1	-0.36	-0.15	-0.59		-0.45	-0.36	-0.49	-0.44	-0.33	0.8	-0.17	-0.43
Total Liab	0.98	0.97	0.44	0.97	0.91	0.94	0.93	0.96	-0.39	0.95	0.08	-0.39	0.98	0.62	0.96	0.93	0.62	-0.45		0.99	0.04	0.98	0.97	-0.36	0.04	0.95
Total Current Assets	1.0	0.96	0.33	0.94	0.96	0.96	0.92	0.99	-0.38	0.96	0.01	-0.38	0.99	0.72	0.96	0.97	0.55	-0.36	0.99		0.0	0.97	0.97	-0.26	-0.07	0.94
Short Term Debt	-0.02	-0.07	0.4	0.15	-0.09	-0.07	-0.07	0.03	0.06	-0.06	-0.3	0.06	0.03	-0.03	-0.09	-0.14	0.6	-0.49	0.04	0.0		0.02	-0.08	-0.42	0.22	-0.08
Accounts Payable	0.95	0.91	0.54	0.99	0.86	0.88	0.87	0.92	-0.36	0.89	0.1	-0.36	0.95	0.58	0.9	0.9	0.67	-0.44	0.98	0.97	0.02		0.92	-0.3	0.1	0.9
Property Plant And Equipment Gross	0.99	0.99	0.25	0.89	0.95	0.99	0.97	0.98	-0.46	0.99	0.08	-0.46	0.98	0.68	0.99	0.97	0.45	-0.33	0.97	0.97	-0.08	0.92		-0.31	-0.07	0.98
Other Liab	-0.27	-0.34	-0.42	-0.36	-0.15	-0.26	-0.25	-0.26	-0.08	-0.28	-0.33	-0.08	-0.27	0.08	-0.32	-0.14	-0.47	0.8	-0.36	-0.26	-0.42	-0.3	-0.31		-0.4	-0.37
Other Assets	-0.07	-0.11	0.73	0.2	-0.21	-0.13	0.02	-0.1	-0.35	-0.09	0.72	-0.35	-0.09	-0.24	-0.16	-0.1	0.59	-0.17	0.04	-0.07	0.22	0.1	-0.07	-0.4		-0.13
Long Term Debt	0.95	1.0	0.23	0.85	0.9	0.96	0.93	0.94	-0.33	0.96	0.04	-0.33	0.95	0.58	0.99	0.91	0.41	-0.43	0.95	0.94	-0.08	0.9	0.98	-0.37	-0.13

Click cells to compare fundamentals

Friedman Industries Account Relationship Matchups

Friedman Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	77.3M	95.0M	159.3M	199.3M	229.2M	240.7M
Other Current Liab	600.0K	8.0M	15.9M	2.2M	2.5M	2.1M
Total Current Liabilities	9.6M	29.1M	60.8M	45.1M	51.9M	54.4M
Total Stockholder Equity	66.9M	65.3M	79.7M	115.4M	132.7M	139.4M
Property Plant And Equipment Net	11.5M	15.5M	30.1M	55.2M	63.5M	66.7M
Net Debt	(16.6M)	(6.4M)	15.9M	30.2M	34.8M	36.5M
Retained Earnings	34.5M	45.4M	58.9M	79.7M	91.6M	96.2M
Cash	17.1M	8.2M	2.6M	3.0M	3.4M	6.4M
Non Current Assets Total	12.1M	17.5M	33.9M	55.7M	64.0M	67.2M
Non Currrent Assets Other	262.1K	148.5K	1.7M	452K	519.8K	768.2K
Cash And Short Term Investments	17.1M	8.2M	2.6M	3.0M	3.4M	6.4M
Net Receivables	11.7M	20.4M	35.7M	49.4M	56.8M	59.6M
Common Stock Shares Outstanding	7.0M	7.0M	6.6M	7.2M	8.3M	7.5M
Liabilities And Stockholders Equity	77.3M	95.0M	159.3M	199.3M	229.2M	240.7M
Non Current Liabilities Total	833.4K	596.6K	18.8M	38.8M	44.6M	46.8M
Inventory	35.7M	36.0M	67.9M	86.2M	99.2M	104.1M
Other Current Assets	780.2K	12.9M	14.9M	4.5M	5.2M	5.5M
Other Stockholder Equity	24.0M	22.8M	22.7M	27.2M	31.3M	40.9M
Total Liab	10.5M	29.7M	79.6M	83.9M	96.5M	101.3M
Total Current Assets	65.2M	77.5M	125.4M	143.7M	165.2M	173.5M
Short Term Debt	100.7K	1.6M	104.7K	107K	96.3K	91.5K
Accounts Payable	8.9M	15.2M	44.8M	36.8M	42.4M	44.5M
Property Plant And Equipment Gross	11.5M	15.5M	56.1M	82.4M	94.7M	99.5M
Accumulated Other Comprehensive Income	0.0	(11.2M)	(10.3M)	(317K)	(285.3K)	(299.6K)
Other Liab	1.8M	461.0K	159.0K	341.4K	392.6K	710.8K
Other Assets	580.5K	2.0M	3.8M	453K	521.0K	494.9K
Common Stock Total Equity	8.2M	8.3M	8.3M	8.9M	10.2M	8.7M
Common Stock	8.3M	8.3M	8.3M	8.9M	10.2M	8.8M
Property Plant Equipment	11.5M	15.5M	30.1M	53.9M	62.0M	65.1M
Net Tangible Assets	66.9M	65.3M	79.7M	115.4M	132.7M	77.4M
Retained Earnings Total Equity	40.5M	34.5M	45.4M	79.7M	91.6M	96.2M
Capital Surpluse	29.6M	30.0M	30.4M	35.0M	40.3M	32.8M
Non Current Liabilities Other	472.2K	424.6K	221.8K	96K	86.4K	82.1K
Long Term Debt Total	368.3K	172.0K	160.9K	33.2M	38.1M	40.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

S	SentinelOne
GOOG	Alphabet Inc Class C
C	Citigroup

When determining whether Friedman Industries is a strong investment it is important to analyze Friedman Industries' 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 Friedman Industries' future performance. For an informed investment choice regarding Friedman Stock, refer to the following important reports:

How To Invest In Friedman

Details

Is Friedman Stock a good investment?

Details

What is Friedman Industries' Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.

You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Friedman Stock analysis

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

	Transaction History View history of all your transactions and understand their impact on performance
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Share Portfolio Track or share privately all of your investments from the convenience of any device
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.

Is Friedman Industries' 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 Friedman Industries. If investors know Friedman 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 Friedman Industries 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

(0.33)

Dividend Share

0.08

Earnings Share

2.54

Revenue Per Share

69.861

Quarterly Revenue Growth

1.802

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Friedman Inventory vs Net Receivables Analysis

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

Correlation Coefficient

Inventory

Net Receivables

Friedman Industries fundamental ratios Correlations

Friedman Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Friedman Industries fundamental ratios Accounts

Also Currently Popular

Complementary Tools for Friedman Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.65	Net Debt
Cash	- 0.65	Net Debt
Other Stockholder Equity	- 0.59	Other Current Assets
Other Stockholder Equity	- 0.56	Other Current Liab
Inventory	- 0.52	Cash And Short Term Investments
Inventory	- 0.52	Cash