Proto Accounts Payable vs Total Current Liabilities Analysis
PRLB Stock | USD 32.37 0.25 0.78% |
Proto Labs financial indicator trend analysis is much more than just breaking down Proto Labs prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Proto Labs is a good investment. Please check the relationship between Proto Labs Accounts Payable and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Proto Labs. 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 information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Proto Labs Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Proto Labs' Accounts Payable and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Proto Labs, assuming nothing else is changed. The correlation between historical values of Proto Labs' Accounts Payable and Total Current Liabilities 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 Proto Labs are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Proto Labs' Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Proto Labs 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 Proto Labs 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.Total Current Liabilities
Total Current Liabilities is an item on Proto Labs balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Proto Labs are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Proto Labs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Proto Labs 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Proto Labs. 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 information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.At present, Proto Labs' Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.7 B, whereas Selling General Administrative is forecasted to decline to about 38.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 222.7M | 215.5M | 222.0M | 168.5M | Total Revenue | 488.1M | 488.4M | 503.9M | 325.0M |
Proto Labs fundamental ratios Correlations
Click cells to compare fundamentals
Proto Labs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Proto Labs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 27.0M | 26.9M | 27.7M | 27.4M | 26.2M | 26.3M | |
Total Assets | 673.7M | 744.2M | 928.6M | 802.2M | 795.6M | 489.6M | |
Other Current Liab | 27.4M | 28.2M | 25.7M | 35.1M | 32.2M | 20.0M | |
Total Current Liabilities | 47.6M | 50.3M | 54.9M | 71.6M | 49.7M | 35.8M | |
Total Stockholder Equity | 585.8M | 644.4M | 828.5M | 697.6M | 695.3M | 422.6M | |
Property Plant And Equipment Net | 275.1M | 294.9M | 287.8M | 279.2M | 259.2M | 170.1M | |
Net Debt | (113.3M) | (114.3M) | (58.5M) | (35.2M) | (78.3M) | (82.2M) | |
Retained Earnings | 324.7M | 362.9M | 376.7M | 258.2M | 256.4M | 178.4M | |
Accounts Payable | 16.8M | 18.2M | 25.4M | 17.4M | 15.6M | 13.2M | |
Cash | 125.2M | 127.6M | 65.9M | 56.6M | 83.8M | 61.4M | |
Non Current Assets Total | 437.2M | 502.2M | 745.1M | 615.6M | 595.0M | 336.3M | |
Cash And Short Term Investments | 160.7M | 161.7M | 77.5M | 80.1M | 102.8M | 90.4M | |
Net Receivables | 57.5M | 58.4M | 81.4M | 80.3M | 75.1M | 46.2M | |
Short Term Investments | 35.4M | 34.1M | 11.6M | 23.6M | 19.0M | 29.0M | |
Liabilities And Stockholders Equity | 673.7M | 744.2M | 928.6M | 802.2M | 795.6M | 489.6M | |
Non Current Liabilities Total | 40.3M | 49.6M | 45.2M | 32.9M | 50.7M | 31.2M | |
Inventory | 10.1M | 10.9M | 13.2M | 13.6M | 13.7M | 9.1M | |
Other Current Assets | 8.2M | 11.0M | 11.5M | 12.6M | 9.1M | 7.7M | |
Other Stockholder Equity | 268.1M | 284.8M | 468.5M | 473.7M | 466.9M | 241.8M | |
Total Liab | 87.9M | 99.8M | 100.1M | 104.5M | 100.3M | 67.0M | |
Property Plant And Equipment Gross | 275.1M | 294.9M | 280.3M | 279.2M | 489.4M | 513.9M | |
Total Current Assets | 236.4M | 242.0M | 183.5M | 186.6M | 200.7M | 153.4M | |
Accumulated Other Comprehensive Income | (7.0M) | (3.4M) | (16.8M) | (34.4M) | (28.0M) | (26.6M) | |
Other Liab | 31.7M | 40.1M | 41.6M | 30.7M | 35.3M | 37.1M | |
Property Plant Equipment | 263.7M | 282.7M | 287.8M | 257.8M | 296.5M | 169.1M | |
Net Tangible Assets | 585.8M | 515.6M | 389.9M | 392.4M | 451.3M | 401.7M | |
Non Currrent Assets Other | 3.0M | 4.8M | 4.3M | 4.8M | 4.9M | 2.8M | |
Other Assets | 3.0M | 53.9M | 4.3M | 4.8M | 5.5M | 7.4M | |
Retained Earnings Total Equity | 324.7M | 362.9M | 376.7M | 258.2M | 297.0M | 220.6M | |
Capital Surpluse | 268.1M | 284.8M | 468.5M | 473.7M | 544.8M | 299.4M | |
Long Term Investments | 13.0M | 59.4M | 14.3M | 26.4M | 8.0M | 7.6M | |
Non Current Liabilities Other | 5.4M | 1.9M | 5.7M | 4.4M | 5.0M | 4.3M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Proto Labs. 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 information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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Is Proto Labs' 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 Proto Labs. If investors know Proto 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 Proto Labs 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 1 | Earnings Share 0.76 | Revenue Per Share 19.497 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0251 |
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' 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 Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' 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 Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' 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.