Cal Maine Story

CALM -- USA Stock

USD 36.67 0.76 2.03%

Macroaxis Story

Cal Maine is currently does not generate positive expected returns and assumes 1.1969% risk (volatility on return distribution) over the 90 days horizon. While many risk-averse stakeholders are getting carried away by overanalyzing consumer defensive space, it is reasonable to summarize Cal Maine Foods. We will cover the possibilities of Cal Maine's current volatility to continue through February. Cal Maine's very low volatility may have no significant impact on the stock's value as we estimate Cal Maine as currently undervalued. The real value, based on our calculations, is getting close to 41.50 per share.

Published over two weeks ago

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Is Cal Maine (NASDAQ:CALM) low volatility a good sign for stakeholders?

Cal Maine Foods currently holds roughly 193.33 M in cash with 119.49 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.96.

Volatility is a rate at which the price of Cal Maine or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Cal Maine may increase or decrease. In other words, similar to Cal Maine's beta indicator, it measures the risk of Cal Maine and helps estimate the fluctuations that may happen in a short period of time. So if prices of Cal Maine fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Cal Maine's Liquidity

Cal Maine financial leverage refers to using borrowed capital as a funding source to finance Cal Maine Foods ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Cal Maine financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Cal Maine's total debt and its cash.

How Cal Maine utilizes its cash?

To perform a cash flow analysis of Cal Maine, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Cal Maine is receiving and how much cash it distributes out in a given period. The Cal Maine cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Cal Maine Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 138.14 Million

Cal Maine Volatility Drivers

Cal Maine unsystematic risk is unique to Cal Maine Foods and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Cal Maine you can also buy Fresh Del Monte. You can also mitigate this risk by investing in the farm products sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Cal Maine important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Cal Maine income statement and balance sheet. Here are more details about Cal Maine volatility.

	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Shareholders Equity	Investments Current	Total Liabilities	Current Liabilities	Tax Assets	Tax Liabilities	Direct Expenses	Consolidated Income	Cost of Revenue	Gross Profit	Interest Expense	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Weighted Average Shares	Income Tax Expense	Capital Expenditure	Share Based Compensation	Interest Coverage	Long Term Debt to Equity	Calculated Tax Rate	PPandE Turnover	Receivables Turnover	Inventory Turnover	Operating Margin	Return on Investment	Cash Flow Per Share	Revenue to Assets	Total Assets Per Share	Quick Ratio	Asset Turnover	Book Value per Share	Current Ratio	Debt to Equity Ratio	Dividend Yield	EBITDA Margin	Earnings per Basic Share	Free Cash Flow per Share	Gross Margin	Profit Margin	Payout Ratio	Price to Book Value	Price to Earnings Ratio	Price to Sales Ratio	Return on Average Assets	Return on Average Equity	Return on Sales	Sales per Share	Net Income Per Employee	Revenue Per Employee	Average Assets	Earnings before Tax	Average Equity	Enterprise Value	Free Cash Flow	Invested Capital	Invested Capital Average	Market Capitalization	Tangible Asset Value	Working Capital
Accounts Payable		-0.3	-0.51	-0.22	0.36	0.31	-0.34	-0.84	0.61	0.53	0.34	-0.18	-0.25	-0.47	-0.09	-0.34	0.36	-0.46	-0.46	-0.28	-0.28	0.07	-0.19	-0.14	-0.39	-0.37	0.38	-0.17	0.28	-0.15	0.34	-0.24	-0.06	-0.77	0.28	-0.31	-0.62	0.31	-0.34	-0.58	0.44	-0.05	-0.5	-0.46	-0.82	-0.45	-0.47	-0.62	0.24	0.6	-0.12	-0.16	-0.08	-0.33	-0.21	-0.2	0.25	-0.38	-0.37	-0.38	-0.11	-0.83	-0.33	-0.38	-0.17	-0.29	-0.52
Total Assets	-0.3		0.96	0.92	-0.98	-0.97	1.0	0.72	-0.93	-0.96	-0.03	0.91	0.74	-0.34	0.64	-0.28	-0.99	-0.35	-0.35	0.97	-0.54	0.08	-0.64	-0.8	0.99	0.43	-0.97	-0.84	-0.98	0.52	-0.92	-0.56	-0.66	0.6	-0.94	0.98	0.91	-0.97	1.0	0.94	-0.98	-0.52	-0.34	-0.35	-0.15	-0.49	-0.39	0.32	-0.5	0.52	0.9	-0.63	-0.7	-0.56	0.13	-0.55	-0.91	0.99	-0.46	0.99	0.79	-0.14	1.0	1.0	0.87	1.0	0.97
Current Assets	-0.51	0.96		0.84	-0.95	-0.92	0.97	0.88	-0.98	-0.99	-0.03	0.86	0.63	-0.16	0.63	-0.12	-0.96	-0.17	-0.17	0.96	-0.39	0.16	-0.5	-0.65	0.97	0.47	-0.94	-0.67	-0.91	0.61	-0.85	-0.4	-0.54	0.74	-0.88	0.93	0.96	-0.94	0.97	0.98	-0.98	-0.38	-0.16	-0.18	0.12	-0.31	-0.21	0.46	-0.49	0.27	0.83	-0.5	-0.59	-0.39	0.22	-0.4	-0.84	0.98	-0.3	0.97	0.72	0.12	0.97	0.98	0.81	0.96	1.0
Cash and Equivalents	-0.22	0.92	0.84		-0.97	-0.98	0.93	0.58	-0.85	-0.89	-0.37	0.69	0.8	-0.62	0.3	-0.61	-0.95	-0.63	-0.63	0.82	-0.78	-0.28	-0.86	-0.67	0.93	0.4	-0.97	-0.86	-0.97	0.28	-0.97	-0.81	-0.89	0.33	-1.0	0.97	0.88	-0.97	0.93	0.88	-0.92	-0.41	-0.61	-0.63	-0.32	-0.71	-0.65	0.48	-0.76	0.56	0.71	-0.85	-0.9	-0.79	-0.27	-0.81	-1.0	0.93	-0.72	0.94	0.54	-0.31	0.9	0.91	0.65	0.92	0.88
Total Debt	0.36	-0.98	-0.95	-0.97		1.0	-0.99	-0.74	0.95	0.97	0.22	-0.81	-0.78	0.42	-0.48	0.4	1.0	0.43	0.43	-0.92	0.62	0.1	0.72	0.71	-0.99	-0.45	1.0	0.83	0.99	-0.42	0.97	0.65	0.75	-0.55	0.99	-1.0	-0.95	0.99	-0.99	-0.96	0.99	0.46	0.41	0.43	0.14	0.54	0.46	-0.46	0.64	-0.47	-0.81	0.71	0.78	0.63	0.04	0.65	0.97	-0.99	0.54	-0.99	-0.67	0.13	-0.97	-0.98	-0.77	-0.98	-0.97
Debt Current	0.31	-0.97	-0.92	-0.98	1.0		-0.98	-0.68	0.92	0.95	0.26	-0.78	-0.81	0.48	-0.44	0.46	0.99	0.49	0.49	-0.89	0.67	0.16	0.76	0.72	-0.98	-0.43	0.99	0.85	1.0	-0.36	0.98	0.7	0.8	-0.49	1.0	-1.0	-0.93	0.98	-0.98	-0.94	0.97	0.47	0.47	0.5	0.21	0.6	0.52	-0.45	0.67	-0.52	-0.79	0.75	0.82	0.68	0.1	0.7	0.98	-0.97	0.6	-0.98	-0.65	0.2	-0.96	-0.97	-0.75	-0.97	-0.94
Shareholders Equity	-0.34	1.0	0.97	0.93	-0.99	-0.98		0.75	-0.94	-0.97	-0.09	0.88	0.75	-0.34	0.6	-0.29	-1.0	-0.35	-0.35	0.96	-0.54	0.03	-0.65	-0.77	1.0	0.44	-0.98	-0.83	-0.98	0.49	-0.93	-0.57	-0.68	0.61	-0.96	0.99	0.93	-0.98	1.0	0.95	-0.99	-0.51	-0.34	-0.36	-0.12	-0.49	-0.39	0.37	-0.54	0.49	0.88	-0.64	-0.72	-0.57	0.1	-0.56	-0.93	1.0	-0.47	1.0	0.76	-0.12	1.0	1.0	0.85	1.0	0.97
Investments Current	-0.84	0.72	0.88	0.58	-0.74	-0.68	0.75		-0.92	-0.87	-0.12	0.61	0.41	0.19	0.46	0.16	-0.74	0.18	0.18	0.75	-0.05	0.16	-0.17	-0.28	0.77	0.48	-0.73	-0.26	-0.66	0.55	-0.63	-0.07	-0.26	0.86	-0.64	0.69	0.9	-0.72	0.75	0.9	-0.8	-0.12	0.2	0.17	0.56	0.07	0.16	0.63	-0.4	-0.21	0.55	-0.19	-0.29	-0.03	0.3	-0.1	-0.6	0.79	0.05	0.78	0.48	0.57	0.75	0.79	0.56	0.72	0.88
Total Liabilities	0.61	-0.93	-0.98	-0.85	0.95	0.92	-0.94	-0.92		0.99	0.19	-0.76	-0.65	0.17	-0.49	0.17	0.94	0.18	0.18	-0.9	0.4	-0.02	0.52	0.54	-0.95	-0.49	0.94	0.61	0.9	-0.52	0.87	0.43	0.58	-0.73	0.89	-0.92	-0.99	0.93	-0.94	-1.0	0.97	0.31	0.16	0.19	-0.19	0.3	0.21	-0.59	0.59	-0.17	-0.73	0.52	0.61	0.4	-0.11	0.44	0.86	-0.96	0.31	-0.96	-0.61	-0.19	-0.93	-0.96	-0.71	-0.92	-0.99
Current Liabilities	0.53	-0.96	-0.99	-0.89	0.97	0.95	-0.97	-0.87	0.99		0.16	-0.81	-0.69	0.23	-0.54	0.21	0.97	0.24	0.24	-0.93	0.46	-0.02	0.57	0.62	-0.98	-0.48	0.96	0.69	0.94	-0.52	0.9	0.48	0.62	-0.7	0.92	-0.95	-0.98	0.96	-0.97	-1.0	0.99	0.37	0.22	0.25	-0.09	0.36	0.27	-0.53	0.58	-0.28	-0.79	0.57	0.65	0.46	-0.11	0.49	0.89	-0.99	0.37	-0.98	-0.67	-0.1	-0.96	-0.98	-0.76	-0.96	-1.0
Tax Assets	0.34	-0.03	-0.03	-0.37	0.22	0.26	-0.09	-0.12	0.19	0.16		0.33	-0.43	0.41	0.7	0.62	0.15	0.41	0.41	0.17	0.45	0.93	0.43	-0.27	-0.13	-0.14	0.26	0.06	0.22	0.55	0.4	0.5	0.53	0.17	0.33	-0.22	-0.31	0.2	-0.08	-0.2	0.15	-0.13	0.36	0.42	0.02	0.27	0.37	-0.62	0.72	0.12	0.3	0.44	0.44	0.38	0.8	0.54	0.4	-0.1	0.43	-0.13	0.42	0.02	0.0	-0.06	0.32	-0.02	-0.11
Tax Liabilities	-0.18	0.91	0.86	0.69	-0.81	-0.78	0.88	0.61	-0.76	-0.81	0.33		0.64	-0.07	0.9	0.05	-0.86	-0.07	-0.07	0.93	-0.24	0.36	-0.35	-0.92	0.87	0.33	-0.81	-0.79	-0.82	0.54	-0.73	-0.26	-0.33	0.69	-0.73	0.83	0.7	-0.77	0.88	0.76	-0.86	-0.71	-0.08	-0.08	-0.13	-0.26	-0.13	-0.06	-0.08	0.56	0.99	-0.32	-0.4	-0.3	0.49	-0.23	-0.68	0.85	-0.18	0.85	0.97	-0.13	0.92	0.88	0.99	0.91	0.83
Direct Expenses	-0.25	0.74	0.63	0.8	-0.78	-0.81	0.75	0.41	-0.65	-0.69	-0.43	0.64		-0.33	0.29	-0.39	-0.79	-0.34	-0.34	0.57	-0.47	-0.48	-0.55	-0.72	0.79	0.3	-0.83	-0.82	-0.84	-0.19	-0.91	-0.55	-0.6	0.41	-0.82	0.83	0.69	-0.7	0.75	0.66	-0.78	-0.78	-0.32	-0.34	-0.31	-0.39	-0.37	0.11	-0.43	0.57	0.69	-0.52	-0.57	-0.5	-0.13	-0.55	-0.82	0.71	-0.42	0.74	0.62	-0.31	0.73	0.72	0.68	0.74	0.68
Consolidated Income	-0.47	-0.34	-0.16	-0.62	0.42	0.48	-0.34	0.19	0.17	0.23	0.41	-0.07	-0.33		0.26	0.97	0.36	1.0	1.0	-0.24	0.97	0.46	0.93	0.27	-0.31	-0.05	0.39	0.6	0.46	0.01	0.46	0.96	0.89	0.53	0.55	-0.43	-0.23	0.49	-0.34	-0.22	0.27	-0.01	1.0	1.0	0.78	0.98	1.0	-0.28	0.73	-0.66	-0.12	0.93	0.88	0.97	0.76	0.95	0.6	-0.33	0.99	-0.35	0.07	0.77	-0.28	-0.3	-0.02	-0.34	-0.2
Cost of Revenue	-0.09	0.64	0.63	0.3	-0.48	-0.44	0.6	0.46	-0.49	-0.54	0.7	0.9	0.29	0.26		0.42	-0.56	0.26	0.26	0.75	0.14	0.7	0.04	-0.78	0.58	0.2	-0.47	-0.5	-0.49	0.62	-0.35	0.14	0.08	0.69	-0.36	0.49	0.4	-0.45	0.6	0.48	-0.57	-0.61	0.23	0.26	0.03	0.06	0.19	-0.32	0.32	0.38	0.87	0.06	-0.01	0.06	0.81	0.17	-0.29	0.58	0.18	0.56	0.93	0.03	0.67	0.62	0.89	0.65	0.58
Gross Profit	-0.34	-0.28	-0.12	-0.61	0.4	0.46	-0.29	0.16	0.17	0.21	0.62	0.05	-0.39	0.97	0.42		0.33	0.97	0.97	-0.13	0.95	0.65	0.9	0.15	-0.28	-0.06	0.39	0.53	0.43	0.18	0.49	0.95	0.9	0.52	0.54	-0.41	-0.25	0.45	-0.29	-0.22	0.25	-0.04	0.96	0.97	0.69	0.91	0.96	-0.38	0.8	-0.54	-0.01	0.91	0.86	0.93	0.88	0.95	0.61	-0.29	0.96	-0.31	0.18	0.68	-0.22	-0.25	0.08	-0.28	-0.18
Interest Expense	0.36	-0.99	-0.96	-0.95	1.0	0.99	-1.0	-0.74	0.94	0.97	0.15	-0.86	-0.79	0.36	-0.56	0.33		0.37	0.37	-0.94	0.56	0.04	0.67	0.76	-1.0	-0.44	0.99	0.84	0.99	-0.43	0.96	0.59	0.7	-0.6	0.97	-0.99	-0.94	0.98	-1.0	-0.95	0.99	0.52	0.36	0.37	0.13	0.49	0.41	-0.39	0.57	-0.49	-0.86	0.65	0.73	0.58	-0.05	0.59	0.95	-0.99	0.49	-1.0	-0.74	0.12	-0.99	-0.99	-0.83	-0.99	-0.97
Net Income	-0.46	-0.35	-0.17	-0.63	0.43	0.49	-0.35	0.18	0.18	0.24	0.41	-0.07	-0.34	1.0	0.26	0.97	0.37		1.0	-0.24	0.97	0.46	0.93	0.27	-0.32	-0.05	0.4	0.6	0.46	0.01	0.47	0.96	0.9	0.52	0.55	-0.44	-0.24	0.49	-0.35	-0.23	0.28	-0.01	1.0	1.0	0.77	0.98	1.0	-0.29	0.74	-0.65	-0.12	0.93	0.89	0.97	0.76	0.95	0.61	-0.34	0.99	-0.36	0.06	0.77	-0.29	-0.3	-0.02	-0.35	-0.21
Net Income Common Stock	-0.46	-0.35	-0.17	-0.63	0.43	0.49	-0.35	0.18	0.18	0.24	0.41	-0.07	-0.34	1.0	0.26	0.97	0.37	1.0		-0.24	0.97	0.46	0.93	0.27	-0.32	-0.05	0.4	0.6	0.46	0.01	0.47	0.96	0.9	0.52	0.55	-0.44	-0.24	0.49	-0.35	-0.23	0.28	-0.01	1.0	1.0	0.77	0.98	1.0	-0.29	0.74	-0.65	-0.12	0.93	0.89	0.97	0.76	0.95	0.61	-0.34	0.99	-0.36	0.06	0.77	-0.29	-0.3	-0.02	-0.35	-0.21
Operating Expenses	-0.28	0.97	0.96	0.82	-0.92	-0.89	0.96	0.75	-0.9	-0.93	0.17	0.93	0.57	-0.24	0.75	-0.13	-0.94	-0.24	-0.24		-0.43	0.3	-0.54	-0.77	0.94	0.41	-0.9	-0.76	-0.9	0.69	-0.8	-0.44	-0.54	0.64	-0.85	0.9	0.86	-0.92	0.96	0.91	-0.94	-0.43	-0.25	-0.25	-0.06	-0.42	-0.29	0.29	-0.39	0.45	0.9	-0.53	-0.61	-0.46	0.29	-0.42	-0.81	0.96	-0.36	0.95	0.81	-0.06	0.98	0.97	0.88	0.97	0.95
Operating Income	-0.28	-0.54	-0.39	-0.78	0.62	0.67	-0.54	-0.05	0.4	0.46	0.45	-0.24	-0.47	0.97	0.14	0.95	0.56	0.97	0.97	-0.43		0.44	0.99	0.37	-0.52	-0.17	0.6	0.7	0.64	-0.1	0.65	1.0	0.97	0.31	0.73	-0.62	-0.46	0.68	-0.54	-0.45	0.49	0.06	0.97	0.97	0.67	0.98	0.98	-0.41	0.83	-0.64	-0.28	0.99	0.97	0.99	0.69	0.99	0.77	-0.54	0.99	-0.56	-0.08	0.66	-0.48	-0.5	-0.18	-0.54	-0.43
Weighted Average Shares	0.07	0.08	0.16	-0.28	0.1	0.16	0.03	0.16	-0.02	-0.02	0.93	0.36	-0.48	0.46	0.7	0.65	0.04	0.46	0.46	0.3	0.44		0.4	-0.16	-0.02	-0.02	0.15	0.14	0.14	0.77	0.33	0.5	0.47	0.34	0.24	-0.13	-0.1	0.06	0.03	0.0	0.02	0.07	0.42	0.46	0.28	0.31	0.43	-0.3	0.55	-0.09	0.29	0.4	0.37	0.4	0.81	0.53	0.3	0.04	0.44	0.0	0.38	0.27	0.11	0.07	0.31	0.08	0.07
Income Tax Expense	-0.19	-0.64	-0.5	-0.86	0.72	0.76	-0.65	-0.17	0.52	0.57	0.43	-0.35	-0.55	0.93	0.04	0.9	0.67	0.93	0.93	-0.54	0.99	0.4		0.45	-0.63	-0.22	0.7	0.76	0.74	-0.17	0.74	0.99	0.99	0.19	0.81	-0.72	-0.57	0.77	-0.65	-0.56	0.6	0.13	0.93	0.94	0.62	0.96	0.94	-0.44	0.84	-0.65	-0.39	1.0	0.99	0.99	0.62	0.99	0.85	-0.65	0.97	-0.66	-0.18	0.61	-0.6	-0.62	-0.29	-0.64	-0.55
Capital Expenditure	-0.14	-0.8	-0.65	-0.67	0.71	0.72	-0.77	-0.28	0.54	0.62	-0.27	-0.92	-0.72	0.27	-0.78	0.15	0.76	0.27	0.27	-0.77	0.37	-0.16	0.45		-0.76	-0.2	0.72	0.91	0.78	-0.27	0.7	0.4	0.41	-0.41	0.69	-0.76	-0.5	0.66	-0.77	-0.56	0.73	0.86	0.29	0.27	0.49	0.43	0.34	0.29	0.04	-0.82	-0.95	0.41	0.46	0.45	-0.31	0.36	0.65	-0.72	0.34	-0.73	-0.93	0.48	-0.8	-0.75	-0.94	-0.81	-0.64
Share Based Compensation	-0.39	0.99	0.97	0.93	-0.99	-0.98	1.0	0.77	-0.95	-0.98	-0.13	0.87	0.79	-0.31	0.58	-0.28	-1.0	-0.32	-0.32	0.94	-0.52	-0.02	-0.63	-0.76		0.45	-0.99	-0.82	-0.98	0.43	-0.95	-0.55	-0.66	0.64	-0.96	0.99	0.94	-0.97	1.0	0.96	-1.0	-0.54	-0.3	-0.32	-0.09	-0.45	-0.36	0.38	-0.53	0.46	0.87	-0.61	-0.69	-0.53	0.09	-0.55	-0.93	0.99	-0.44	1.0	0.76	-0.08	0.99	0.99	0.84	0.99	0.98
Interest Coverage	-0.37	0.43	0.47	0.4	-0.45	-0.43	0.44	0.48	-0.49	-0.48	-0.14	0.33	0.3	-0.05	0.2	-0.06	-0.44	-0.05	-0.05	0.41	-0.17	-0.02	-0.22	-0.2	0.45		-0.44	-0.24	-0.42	0.24	-0.41	-0.18	-0.26	0.37	-0.42	0.43	0.5	-0.44	0.44	0.49	-0.46	-0.1	-0.04	-0.06	0.16	-0.1	-0.06	0.34	-0.31	0.01	0.31	-0.23	-0.27	-0.15	0.04	-0.19	-0.4	0.45	-0.12	0.45	0.25	0.17	0.43	0.45	0.3	0.42	0.48
Long Term Debt to Equity	0.38	-0.97	-0.94	-0.97	1.0	0.99	-0.98	-0.73	0.94	0.96	0.26	-0.81	-0.83	0.39	-0.47	0.39	0.99	0.4	0.4	-0.9	0.6	0.15	0.7	0.72	-0.99	-0.44		0.83	0.99	-0.35	0.98	0.63	0.74	-0.57	0.98	-1.0	-0.95	0.97	-0.98	-0.95	0.99	0.51	0.39	0.41	0.14	0.51	0.44	-0.43	0.62	-0.47	-0.81	0.68	0.76	0.61	0.04	0.63	0.97	-0.98	0.52	-0.99	-0.68	0.13	-0.97	-0.98	-0.78	-0.97	-0.96
Calculated Tax Rate	-0.17	-0.84	-0.67	-0.86	0.83	0.85	-0.83	-0.26	0.61	0.69	0.06	-0.79	-0.82	0.6	-0.5	0.53	0.84	0.6	0.6	-0.76	0.7	0.14	0.76	0.91	-0.82	-0.24	0.83		0.89	-0.18	0.85	0.73	0.73	-0.21	0.85	-0.87	-0.61	0.8	-0.83	-0.64	0.79	0.71	0.61	0.61	0.63	0.72	0.66	0.02	0.41	-0.88	-0.84	0.73	0.76	0.76	0.08	0.71	0.85	-0.79	0.67	-0.8	-0.74	0.63	-0.82	-0.79	-0.79	-0.85	-0.69
PPandE Turnover	0.28	-0.98	-0.91	-0.97	0.99	1.0	-0.98	-0.66	0.9	0.94	0.22	-0.82	-0.84	0.46	-0.49	0.43	0.99	0.46	0.46	-0.9	0.64	0.14	0.74	0.78	-0.98	-0.42	0.99	0.89		-0.34	0.98	0.68	0.77	-0.5	0.99	-1.0	-0.91	0.97	-0.98	-0.92	0.98	0.55	0.45	0.47	0.24	0.58	0.5	-0.37	0.61	-0.57	-0.84	0.72	0.79	0.66	0.05	0.67	0.97	-0.97	0.57	-0.98	-0.71	0.23	-0.97	-0.97	-0.8	-0.98	-0.93
Receivables Turnover	-0.15	0.52	0.61	0.28	-0.42	-0.36	0.49	0.55	-0.52	-0.52	0.55	0.54	-0.19	0.01	0.62	0.18	-0.43	0.01	0.01	0.69	-0.1	0.77	-0.17	-0.27	0.43	0.24	-0.35	-0.18	-0.34		-0.17	-0.04	-0.13	0.41	-0.31	0.36	0.44	-0.5	0.49	0.52	-0.44	0.18	-0.02	0.0	0.22	-0.15	-0.02	0.28	-0.11	0.01	0.46	-0.18	-0.23	-0.11	0.45	-0.03	-0.26	0.53	-0.06	0.49	0.4	0.23	0.53	0.53	0.44	0.52	0.55
Inventory Turnover	0.34	-0.92	-0.85	-0.97	0.97	0.98	-0.93	-0.63	0.87	0.9	0.4	-0.73	-0.91	0.46	-0.35	0.49	0.96	0.47	0.47	-0.8	0.65	0.33	0.74	0.7	-0.95	-0.41	0.98	0.85	0.98	-0.17		0.7	0.78	-0.47	0.98	-0.98	-0.9	0.93	-0.93	-0.89	0.94	0.55	0.45	0.48	0.23	0.55	0.5	-0.41	0.66	-0.52	-0.75	0.72	0.79	0.66	0.17	0.7	0.98	-0.92	0.58	-0.94	-0.61	0.22	-0.9	-0.91	-0.71	-0.91	-0.89
Operating Margin	-0.24	-0.56	-0.4	-0.81	0.65	0.7	-0.57	-0.07	0.43	0.48	0.5	-0.26	-0.55	0.96	0.14	0.95	0.59	0.96	0.96	-0.44	1.0	0.5	0.99	0.4	-0.55	-0.18	0.63	0.73	0.68	-0.04	0.7		0.98	0.28	0.76	-0.66	-0.49	0.69	-0.57	-0.48	0.52	0.13	0.95	0.96	0.67	0.96	0.96	-0.4	0.83	-0.66	-0.31	0.99	0.97	0.99	0.7	1.0	0.8	-0.56	0.99	-0.58	-0.11	0.66	-0.51	-0.53	-0.21	-0.56	-0.45
Return on Investment	-0.06	-0.66	-0.54	-0.89	0.75	0.8	-0.68	-0.26	0.58	0.62	0.53	-0.33	-0.6	0.89	0.08	0.9	0.7	0.9	0.9	-0.54	0.97	0.47	0.99	0.41	-0.66	-0.26	0.74	0.73	0.77	-0.13	0.78	0.98		0.12	0.84	-0.75	-0.64	0.8	-0.68	-0.62	0.64	0.12	0.88	0.9	0.52	0.91	0.9	-0.54	0.9	-0.57	-0.37	0.99	0.99	0.96	0.64	0.99	0.88	-0.68	0.95	-0.69	-0.16	0.52	-0.61	-0.64	-0.28	-0.66	-0.59
Cash Flow Per Share	-0.77	0.6	0.74	0.33	-0.55	-0.49	0.61	0.86	-0.73	-0.7	0.17	0.69	0.41	0.53	0.69	0.52	-0.6	0.52	0.52	0.64	0.31	0.34	0.19	-0.41	0.64	0.37	-0.57	-0.21	-0.5	0.41	-0.47	0.28	0.12		-0.42	0.53	0.68	-0.48	0.61	0.69	-0.67	-0.43	0.53	0.51	0.59	0.39	0.49	0.18	0.07	-0.17	0.65	0.19	0.08	0.3	0.