Commercial Cash And Equivalents from 2010 to 2024

CMC Stock  USD 55.10  0.11  0.20%   
Commercial Metals' Cash And Equivalents is increasing over the years with stable fluctuation. Cash And Equivalents is expected to dwindle to about 534.9 M. During the period from 2010 to 2024 Commercial Metals Cash And Equivalents annual values regression line had geometric mean of  490,341,393 and mean square error of 17661.6 T. View All Fundamentals
 
Cash And Equivalents  
First Reported
2010-12-31
Previous Quarter
681.2 M
Current Value
534.9 M
Quarterly Volatility
132.1 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Commercial Metals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Commercial main balance sheet or income statement drivers, such as Depreciation And Amortization of 264.2 M, Interest Expense of 30 M or Selling General Administrative of 768.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.71, Dividend Yield of 0.0167 or PTB Ratio of 1.1. Commercial financial statements analysis is a perfect complement when working with Commercial Metals Valuation or Volatility modules.
  
This module can also supplement Commercial Metals' financial leverage analysis and stock options assessment as well as various Commercial Metals Technical models . Check out the analysis of Commercial Metals Correlation against competitors.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

Latest Commercial Metals' Cash And Equivalents Growth Pattern

Below is the plot of the Cash And Equivalents of Commercial Metals over the last few years. It is Commercial Metals' Cash And Equivalents historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Commercial Metals' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 592.33 M10 Years Trend
Pretty Stable
   Cash And Equivalents   
       Timeline  

Commercial Cash And Equivalents Regression Statistics

Arithmetic Mean512,907,003
Geometric Mean490,341,393
Coefficient Of Variation25.75
Mean Deviation79,456,001
Median517,544,000
Standard Deviation132,090,603
Sample Variance17447.9T
Range488.7M
R-Value0.25
Mean Square Error17661.6T
R-Squared0.06
Significance0.38
Slope7,238,334
Total Sum of Squares244271T

Commercial Cash And Equivalents History

2024534.9 M
2023681.2 M
2022592.3 M
2021672.6 M
2020497.7 M
2019542.1 M
2018192.5 M

About Commercial Metals Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Commercial Metals income statement, its balance sheet, and the statement of cash flows. Commercial Metals investors use historical funamental indicators, such as Commercial Metals's Cash And Equivalents, to determine how well the company is positioned to perform in the future. Although Commercial Metals investors may use each financial statement separately, they are all related. The changes in Commercial Metals's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Commercial Metals's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Commercial Metals Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Commercial Metals. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash And Equivalents681.2 M534.9 M

Pair Trading with Commercial Metals

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 Commercial Metals 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 Commercial Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Commercial Stock

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The ability to find closely correlated positions to Commercial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Metals 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 Commercial Metals - 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 Commercial Metals to buy it.
The correlation of Commercial Metals 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 Commercial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Metals 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 Commercial Metals 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 CorrelationCorrelation Matching
When determining whether Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:
Check out the analysis of Commercial Metals Correlation against competitors.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Commercial Stock analysis

When running Commercial Metals' price analysis, check to measure Commercial Metals' 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 Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Metals' 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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
(0.52)
Dividend Share
0.64
Earnings Share
5.76
Revenue Per Share
71.999
Quarterly Revenue Growth
(0.08)
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' 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 Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' 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 Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' 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.