ADENTRA Net Receivables vs Accounts Payable Analysis
| ADEN Stock | 38.05 2.93 7.15% |
ADENTRA financial indicator trend analysis is way more than just evaluating ADENTRA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADENTRA is a good investment. Please check the relationship between ADENTRA Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ADENTRA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Receivables vs Accounts Payable
Net Receivables vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADENTRA Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between ADENTRA's Net Receivables and Accounts Payable is 1.0. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of ADENTRA, assuming nothing else is changed. The correlation between historical values of ADENTRA's Net Receivables and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of ADENTRA are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., ADENTRA's Net Receivables and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Accounts Payable
An accounting item on the balance sheet that represents ADENTRA 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 ADENTRA 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.Most indicators from ADENTRA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADENTRA 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 ADENTRA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, ADENTRA's Selling General Administrative is very stable compared to the past year. As of the 10th of June 2024, Tax Provision is likely to grow to about 41.2 M, while Sales General And Administrative To Revenue is likely to drop 0.03.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 1.6B | 2.6B | 3.0B | 3.1B | Depreciation And Amortization | 37.1M | 66.3M | 76.2M | 80.0M |
ADENTRA fundamental ratios Correlations
Click cells to compare fundamentals
ADENTRA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ADENTRA fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 436.3M | 459.5M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Short Long Term Debt Total | 176.3M | 166.6M | 570.6M | 789.9M | 908.3M | 953.8M | |
| Total Current Liabilities | 154.7M | 146.7M | 292.4M | 433.4M | 498.4M | 523.4M | |
| Total Stockholder Equity | 217.0M | 239.5M | 414.0M | 507.0M | 583.0M | 612.2M | |
| Property Plant And Equipment Net | 87.6M | 94.3M | 168.6M | 195.0M | 224.2M | 235.4M | |
| Net Debt | 164.7M | 166.1M | 562.8M | 724.8M | 833.5M | 875.2M | |
| Retained Earnings | 37.0M | 61.5M | 145.4M | 265.3M | 305.1M | 320.4M | |
| Accounts Payable | 41.2M | 48.9M | 113.7M | 129.2M | 148.6M | 156.0M | |
| Cash | 11.6M | 458.0K | 7.8M | 65.1M | 74.8M | 78.6M | |
| Non Current Assets Total | 170.3M | 185.1M | 446.2M | 669.8M | 770.2M | 808.7M | |
| Non Currrent Assets Other | 1.8M | 2.8M | 2.2M | 2.2M | 2.0M | 1.6M | |
| Cash And Short Term Investments | 11.6M | 458.0K | 7.8M | 65.1M | 74.8M | 78.6M | |
| Net Receivables | 87.7M | 93.2M | 164.9M | 191.6M | 220.4M | 231.4M | |
| Common Stock Shares Outstanding | 21.6M | 21.5M | 21.2M | 21.6M | 24.8M | 19.3M | |
| Liabilities And Stockholders Equity | 436.3M | 459.5M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Non Current Liabilities Total | 64.6M | 73.3M | 408.4M | 488.6M | 561.9M | 590.0M | |
| Inventory | 159.2M | 172.0M | 463.6M | 485.8M | 558.6M | 586.6M | |
| Other Current Assets | 765.54 | 8.7M | 32.4M | 16.8M | 19.3M | 20.2M | |
| Other Stockholder Equity | 80.3M | 82.1M | 106.5M | 88.8M | 79.9M | 82.1M | |
| Total Liab | 219.3M | 220.1M | 700.9M | 922.0M | 1.1B | 1.1B | |
| Total Current Assets | 266.0M | 274.4M | 668.7M | 759.2M | 873.1M | 916.7M | |
| Accumulated Other Comprehensive Income | 12.6M | 7.6M | (13.6M) | (15.6M) | (17.9M) | (17.0M) | |
| Short Term Debt | 112.2M | 94.0M | 165.3M | 302.1M | 347.4M | 364.7M | |
| Intangible Assets | 21.6M | 19.3M | 151.6M | 282M | 324.3M | 340.5M | |
| Other Current Liab | 1.4M | 3.8M | 13.5M | 2.2M | 2.5M | 2.6M | |
| Other Assets | 5.0M | 3.3M | 3.2M | 1.3M | 1.5M | 1.4M | |
| Good Will | 55.9M | 61.2M | 114.0M | 180.3M | 207.3M | 217.7M | |
| Common Stock | 87.1M | 88.2M | 175.7M | 168.5M | 193.7M | 203.4M | |
| Long Term Debt Total | 64.3M | 61.5M | 72.7M | 405.3M | 466.1M | 489.4M | |
| Capital Surpluse | 76.8M | 77.0M | 105.9M | 106.5M | 122.5M | 95.4M | |
| Property Plant Equipment | 86.4M | 84.1M | 94.4M | 168.6M | 193.9M | 203.6M |
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Balance Sheet is a snapshot of the financial position of ADENTRA at a specified time, usually calculated after every quarter, six months, or one year. ADENTRA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ADENTRA and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ADENTRA currently owns. An asset can also be divided into two categories, current and non-current.