Capstone Current Assets vs Receivables Analysis
| CGRN Stock | USD 0.57 0.01 1.72% |
Capstone Green financial indicator trend analysis is way more than just evaluating Capstone Green Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Capstone Green Energy is a good investment. Please check the relationship between Capstone Green Current Assets and its Trade and Non Trade Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capstone Green Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
Current Assets vs Trade and Non Trade Receivables
Current Assets vs Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Capstone Green Energy Current Assets account and Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Capstone Green's Current Assets and Receivables is 0.58. Overlapping area represents the amount of variation of Current Assets that can explain the historical movement of Receivables in the same time period over historical financial statements of Capstone Green Energy, assuming nothing else is changed. The correlation between historical values of Capstone Green's Current Assets and 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 Current Assets of Capstone Green Energy are associated (or correlated) with its Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables has no effect on the direction of Current Assets i.e., Capstone Green's Current Assets and Receivables go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Current Assets
Current assets of Capstone Green Energy include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Capstone Green. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.Trade and Non Trade Receivables
A component of Total Assets representing trade and non-trade receivables. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.Most indicators from Capstone Green's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capstone Green Energy 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 Capstone Green Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. Capstone Green Selling General and Administrative Expense is very stable at the moment as compared to the past year. Capstone Green reported last year Selling General and Administrative Expense of 20.68 Million. As of 21st of September 2023, Issuance Purchase of Equity Shares is likely to grow to about 14.6 M, while Issuance Repayment of Debt Securities is likely to drop (808.5 K).
| 2020 | 2021 | 2022 | 2023 (projected) | Interest Expense | 5.16 M | 5 M | 5.75 M | 6.21 M | Gross Profit | 6.86 M | 8.54 M | 7.68 M | 9 M |
Capstone Green fundamental ratios Correlations
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Capstone Green Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Capstone Green fundamental ratios Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Inventories | 20.34 M | 21.46 M | 11.83 M | 18.46 M | 21.23 M | 21.68 M | |
| Receivables | 16.22 M | 16.24 M | 20.59 M | 24.66 M | 22.2 M | 19.45 M | |
| Accounts Payable | 16.64 M | 15 M | 19.77 M | 25.13 M | 28.9 M | 26.42 M | |
| Total Assets | 79.96 M | 73.95 M | 106.02 M | 100.77 M | 115.89 M | 106.36 M | |
| Current Assets | 70.11 M | 56.76 M | 86.91 M | 71.21 M | 81.89 M | 81.76 M | |
| Assets Non Current | 9.85 M | 17.2 M | 19.11 M | 29.57 M | 34 M | 36.68 M | |
| Cash and Equivalents | 29.73 M | 15.07 M | 49.53 M | 22.56 M | 20.3 M | 22.12 M | |
| Cash and Equivalents USD | 29.73 M | 15.07 M | 49.53 M | 22.56 M | 20.3 M | 22.12 M | |
| Total Debt | 27.34 M | 33.51 M | 58.2 M | 57.43 M | 66.05 M | 71.26 M | |
| Debt Current | 31 K | 477 K | 576 K | 675 K | 607.5 K | 623.49 K | |
| Debt Non Current | 27.31 M | 33.04 M | 57.63 M | 56.76 M | 65.27 M | 70.42 M | |
| Total Debt USD | 27.34 M | 33.51 M | 58.2 M | 57.43 M | 66.05 M | 71.26 M | |
| Deferred Revenue | 8.24 M | 8.84 M | 7.14 M | 10.17 M | 11.69 M | 9.58 M | |
| Shareholders Equity Attributable to Parent | 23.15 M | 13.02 M | 13.17 M | 5.41 M | 4.87 M | 5 M | |
| Shareholders Equity USD | 23.15 M | 13.02 M | 13.17 M | 5.41 M | 4.87 M | 5 M | |
| Inventory | 21.75 M | 22.68 M | 13.67 M | 20.14 M | 18.13 M | 17.83 M | |
| Total Liabilities | 56.81 M | 60.93 M | 92.85 M | 95.36 M | 109.66 M | 89.37 M | |
| Current Liabilities | 28.09 M | 26.95 M | 34.46 M | 37.62 M | 33.86 M | 33.23 M | |
| Liabilities Non Current | 28.72 M | 33.98 M | 58.39 M | 57.74 M | 66.4 M | 71.64 M | |
| Trade and Non Trade Payables | 16.64 M | 15 M | 19.77 M | 25.13 M | 22.62 M | 20.03 M | |
| Property Plant and Equipment Net | 5.29 M | 7.75 M | 9.63 M | 18.04 M | 20.74 M | 22.38 M | |
| Trade and Non Trade Receivables | 16.22 M | 16.24 M | 20.59 M | 25.88 M | 29.76 M | 26.35 M | |
| Accumulated Retained Earnings Deficit | (878.88 M) | (900.87 M) | (919.27 M) | (939.48 M) | (845.53 M) | (912.29 M) |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Capstone Green without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Pair Trading with Capstone Green
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 Capstone Green 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 Capstone Green will appreciate offsetting losses from the drop in the long position's value.Moving together with Capstone Stock
| + | 0.85 | B | Barnes Group | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.84 | BW | Babcock Wilcox Enter | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.84 | HI | Hillenbrand | Fiscal Quarter End 30th of September 2023 | PairCorr |
Moving against Capstone Stock
| - | 0.73 | IR | Ingersoll Rand | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.69 | CYD | China Yuchai Interna | Fiscal Year End 22nd of February 2024 | PairCorr | |
| - | 0.64 | GE | General Electric | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.57 | CXT | Crane NXT | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.56 | PH | Parker-Hannifin | Fiscal Quarter End 30th of September 2023 | PairCorr |
The ability to find closely correlated positions to Capstone Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capstone Green 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 Capstone Green - 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 Capstone Green Energy to buy it.
The correlation of Capstone Green is a statistical measure of how it moves in relation to other equities. 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 Capstone Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capstone Green Energy 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 Capstone Green 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capstone Green Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Capstone Green's price analysis, check to measure Capstone Green's 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 Capstone Green is operating at the current time. Most of Capstone Green's value examination focuses on studying past and present price action to predict the probability of Capstone Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capstone Green's price. Additionally, you may evaluate how the addition of Capstone Green to your portfolios can decrease your overall portfolio volatility.
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Is Capstone Green's 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 Capstone Green. If investors know Capstone 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 Capstone Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.28) | Revenue Per Share 4.551 | Quarterly Revenue Growth (0.049) | Return On Assets (0.07) | Return On Equity (2.92) |
The market value of Capstone Green Energy is measured differently than its book value, which is the value of Capstone that is recorded on the company's balance sheet. Investors also form their own opinion of Capstone Green's value that differs from its market value or its book value, called intrinsic value, which is Capstone Green's 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 Capstone Green's market value can be influenced by many factors that don't directly affect Capstone Green's 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 Capstone Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capstone Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capstone Green's 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.