Citizens Accounts Payable vs Other Current Assets Analysis

CIA Stock

USD 2.08 0.02 0.97%

Citizens financial indicator trend analysis is way more than just evaluating Citizens prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Citizens is a good investment. Please check the relationship between Citizens Accounts Payable and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Citizens Stock refer to our How to Trade Citizens Stock guide.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Citizens Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Citizens' Accounts Payable and Other Current Assets is -0.19. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Citizens, assuming nothing else is changed. The correlation between historical values of Citizens' Accounts Payable and Other Current Assets 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 Citizens are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Citizens' Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Citizens 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 Citizens 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Citizens' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Citizens 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 Citizens. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Citizens Stock refer to our How to Trade Citizens Stock guide.At present, Citizens' Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 159.74, whereas Selling General Administrative is forecasted to decline to about 41.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	250.5M	232.5M	240.7M	148.1M
Total Revenue	250.5M	232.5M	240.7M	148.1M

Gross Profit Total Revenue

Citizens fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Non Currrent Assets Other	Short Term Debt	Intangible Assets	Non Current Assets Total	Net Receivables	Total Current Assets	Property Plant And Equipment Net	Other Current Assets	Property Plant And Equipment Gross	Accounts Payable	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total
Total Assets		0.57	-0.53	-0.22	0.87	-0.21	0.84	0.39	0.77	-0.29	-0.13	0.12	0.33	0.4	0.84	0.54	0.63	-0.17	0.34	0.67	0.35	0.74	-0.07	0.87	0.73	-0.09
Total Stockholder Equity	0.57		-0.27	0.03	0.61	0.13	0.33	-0.05	0.57	-0.52	-0.3	-0.31	-0.09	0.2	0.54	0.11	0.25	-0.24	-0.02	0.56	0.54	0.24	-0.54	0.57	0.36	-0.11
Retained Earnings	-0.53	-0.27		0.44	-0.3	0.06	-0.26	-0.08	-0.46	0.18	0.24	0.02	0.14	0.0	-0.33	-0.73	-0.23	0.18	0.24	-0.55	-0.15	-0.33	0.57	-0.2	-0.89	0.72
Other Assets	-0.22	0.03	0.44		-0.02	0.1	-0.23	-0.55	-0.25	-0.31	-0.55	-0.61	-0.5	-0.71	-0.08	-0.86	-0.44	-0.52	-0.32	-0.25	0.23	-0.46	-0.04	-0.04	-0.47	0.15
Common Stock Shares Outstanding	0.87	0.61	-0.3	-0.02		0.02	0.75	0.18	0.66	-0.5	-0.34	-0.17	0.17	0.39	0.89	0.24	0.49	-0.3	0.29	0.59	0.55	0.5	0.01	0.98	0.46	0.0
Other Stockholder Equity	-0.21	0.13	0.06	0.1	0.02		-0.33	-0.24	-0.48	0.01	-0.16	-0.28	-0.34	-0.15	-0.35	-0.21	-0.1	0.15	-0.19	-0.42	-0.1	-0.59	-0.19	0.0	-0.38	-0.18
Total Liab	0.84	0.33	-0.26	-0.23	0.75	-0.33		0.52	0.62	-0.09	0.11	0.3	0.63	0.58	0.76	0.5	0.63	-0.02	0.64	0.56	0.22	0.9	0.36	0.78	0.55	0.25
Short Long Term Debt Total	0.39	-0.05	-0.08	-0.55	0.18	-0.24	0.52		0.48	0.58	0.68	0.85	0.74	0.59	0.24	0.56	0.92	0.59	0.88	0.37	-0.42	0.62	0.46	0.26	0.29	0.2
Total Current Liabilities	0.77	0.57	-0.46	-0.25	0.66	-0.48	0.62	0.48		-0.26	-0.07	0.15	0.26	0.36	0.81	0.48	0.67	-0.15	0.35	0.96	0.36	0.65	-0.18	0.62	0.75	-0.17
Net Debt	-0.29	-0.52	0.18	-0.31	-0.5	0.01	-0.09	0.58	-0.26		0.72	0.74	0.46	0.06	-0.47	0.26	0.33	0.67	0.48	-0.3	-0.98	0.08	0.43	-0.42	-0.16	0.19
Non Currrent Assets Other	-0.13	-0.3	0.24	-0.55	-0.34	-0.16	0.11	0.68	-0.07	0.72		0.93	0.82	0.52	-0.25	0.36	0.42	0.92	0.64	-0.15	-0.6	0.33	0.54	-0.22	-0.12	0.36
Short Term Debt	0.12	-0.31	0.02	-0.61	-0.17	-0.28	0.3	0.85	0.15	0.74	0.93		0.84	0.52	-0.07	0.54	0.63	0.82	0.72	0.03	-0.62	0.51	0.54	-0.06	0.14	0.25
Intangible Assets	0.33	-0.09	0.14	-0.5	0.17	-0.34	0.63	0.74	0.26	0.46	0.82	0.84		0.73	0.25	0.47	0.59	0.68	0.83	0.15	-0.3	0.73	0.68	0.28	0.14	0.49
Non Current Assets Total	0.4	0.2	0.0	-0.71	0.39	-0.15	0.58	0.59	0.36	0.06	0.52	0.52	0.73		0.4	0.52	0.55	0.42	0.67	0.28	0.11	0.64	0.43	0.46	0.19	0.41
Net Receivables	0.84	0.54	-0.33	-0.08	0.89	-0.35	0.76	0.24	0.81	-0.47	-0.25	-0.07	0.25	0.4		0.31	0.5	-0.34	0.32	0.74	0.54	0.65	0.03	0.88	0.57	-0.01
Total Current Assets	0.54	0.11	-0.73	-0.86	0.24	-0.21	0.5	0.56	0.48	0.26	0.36	0.54	0.47	0.52	0.31		0.55	0.31	0.3	0.49	-0.19	0.68	-0.1	0.22	0.8	-0.34
Property Plant And Equipment Net	0.63	0.25	-0.23	-0.44	0.49	-0.1	0.63	0.92	0.67	0.33	0.42	0.63	0.59	0.55	0.5	0.55		0.4	0.81	0.56	-0.2	0.62	0.28	0.54	0.43	0.06
Other Current Assets	-0.17	-0.24	0.18	-0.52	-0.3	0.15	-0.02	0.59	-0.15	0.67	0.92	0.82	0.68	0.42	-0.34	0.31	0.4		0.52	-0.19	-0.59	0.11	0.4	-0.21	-0.16	0.19
Property Plant And Equipment Gross	0.34	-0.02	0.24	-0.32	0.29	-0.19	0.64	0.88	0.35	0.48	0.64	0.72	0.83	0.67	0.32	0.3	0.81	0.52		0.24	-0.3	0.63	0.72	0.39	0.03	0.52
Accounts Payable	0.67	0.56	-0.55	-0.25	0.59	-0.42	0.56	0.37	0.96	-0.3	-0.15	0.03	0.15	0.28	0.74	0.49	0.56	-0.19	0.24		0.39	0.58	-0.3	0.51	0.79	-0.29
Cash	0.35	0.54	-0.15	0.23	0.55	-0.1	0.22	-0.42	0.36	-0.98	-0.6	-0.62	-0.3	0.11	0.54	-0.19	-0.2	-0.59	-0.3	0.39		0.06	-0.31	0.48	0.19	-0.1
Cash And Short Term Investments	0.74	0.24	-0.33	-0.46	0.5	-0.59	0.9	0.62	0.65	0.08	0.33	0.51	0.73	0.64	0.65	0.68	0.62	0.11	0.63	0.58	0.06		0.3	0.54	0.64	0.21
Good Will	-0.07	-0.54	0.57	-0.04	0.01	-0.19	0.36	0.46	-0.18	0.43	0.54	0.54	0.68	0.43	0.03	-0.1	0.28	0.4	0.72	-0.3	-0.31	0.3		0.13	-0.4	0.71
Common Stock Total Equity	0.87	0.57	-0.2	-0.04	0.98	0.0	0.78	0.26	0.62	-0.42	-0.22	-0.06	0.28	0.46	0.88	0.22	0.54	-0.21	0.39	0.51	0.48	0.54	0.13		0.38	0.12
Short Term Investments	0.73	0.36	-0.89	-0.47	0.46	-0.38	0.55	0.29	0.75	-0.16	-0.12	0.14	0.14	0.19	0.57	0.8	0.43	-0.16	0.03	0.79	0.19	0.64	-0.4	0.38		-0.52
Non Current Liabilities Total	-0.09	-0.11	0.72	0.15	0.0	-0.18	0.25	0.2	-0.17	0.19	0.36	0.25	0.49	0.41	-0.01	-0.34	0.06	0.19	0.52	-0.29	-0.1	0.21	0.71	0.12	-0.52

Click cells to compare fundamentals

Citizens Account Relationship Matchups

Citizens fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.8B	1.9B	1.6B	1.7B	847.4M
Total Stockholder Equity	259.8M	300.9M	320.6M	1.0M	172.1M	149.3M
Retained Earnings	(71.0M)	(82.4M)	(45.6M)	(52.2M)	42.2M	44.3M
Other Assets	(1.1B)	(1.2B)	(1.2B)	(856.2M)	142.0M	149.1M
Common Stock Shares Outstanding	49.7M	49.4M	50.5M	50.9M	50.7M	43.6M
Liabilities And Stockholders Equity	1.7B	1.8B	1.9B	1.6B	1.7B	847.4M
Total Liab	1.5B	1.5B	1.5B	1.6B	1.5B	1.6B
Total Current Liabilities	8.1M	13.2M	14.6M	9.9M	7.6M	5.5M
Net Debt	(45.1M)	(22.2M)	(16.5M)	(12.9M)	(17.9M)	(18.8M)
Non Currrent Assets Other	(8.1M)	(9.9M)	(9.1M)	(165.8M)	211.0M	221.5M
Short Term Debt	946K	1.4M	1.3M	1.4M	1.5M	941.5K
Intangible Assets	163.7M	117.4M	151.0M	150.4M	185.8M	195.1M
Non Current Assets Total	1.4B	1.5B	1.5B	1.2B	1.6B	1.7B
Net Receivables	16.4M	17.1M	17.0M	17.0M	16.8M	12.8M
Total Current Assets	1.4B	1.5B	1.5B	1.2B	66.6M	63.3M
Property Plant And Equipment Net	5.9M	16.3M	14.1M	12.9M	11.8M	7.8M
Other Current Assets	201.0M	77.3M	95.8M	76.0M	66.6M	63.3M
Property Plant And Equipment Gross	6.6M	5.9M	5.9M	16.3M	18.8M	19.7M
Accounts Payable	8.1M	13.2M	14.6M	9.9M	3.4M	6.3M
Cash	46.2M	34.1M	27.3M	23.0M	27.0M	34.3M
Cash And Short Term Investments	1.4B	1.5B	1.5B	1.2B	1.3B	1.3B
Common Stock Total Equity	264.7M	266.1M	268.7M	271.3M	312.0M	215.5M
Short Term Investments	1.4B	1.5B	1.5B	1.2B	11.0M	10.5M
Non Current Liabilities Total	12.4M	9.6M	15.5M	9.9M	1.5B	1.6B
Accumulated Other Comprehensive Income	77.1M	128.3M	117.5M	(195.3M)	(118.2M)	(112.2M)
Common Stock	264.7M	266.1M	268.7M	271.3M	271.9M	225.4M
Other Current Liab	(8.1M)	(13.2M)	(14.6M)	(9.9M)	2.6M	2.8M
Other Liab	1.4B	1.4B	1.4B	1.5B	1.7B	1.8B
Property Plant Equipment	5.9M	16.3M	14.1M	12.9M	14.9M	8.5M
Net Tangible Assets	259.8M	300.9M	320.6M	1.0M	938.7K	891.8K
Retained Earnings Total Equity	(71.0M)	(82.4M)	(45.6M)	(52.2M)	(47.0M)	(49.3M)
Deferred Long Term Liab	5.7M	12.4M	9.6M	15.5M	17.8M	18.7M
Long Term Investments	1.5B	1.6B	1.6B	1.4B	1.2B	1.4B
Non Current Liabilities Other	1.4B	1.5B	1.5B	1.6B	1.8B	1.4B
Cash And Equivalents	46.2M	34.1M	27.3M	23.0M	20.7M	29.4M

Pair Trading with Citizens

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

Moving together with Citizens Stock

0.68	FG	FG Annuities Life Financial Report 1st of May 2024	Pair Corr
0.68	GL	Globe Life Financial Report 1st of May 2024	Pair Corr

Moving against Citizens Stock

0.76	MET-PA	MetLife Preferred Stock	Pair Corr
0.75	AEL	American Equity Inve Financial Report 13th of May 2024	Pair Corr
0.74	MET	MetLife Financial Report 1st of May 2024	Pair Corr
0.62	AFL	Aflac Incorporated Sell-off Trend	Pair Corr
0.57	LNC	Lincoln National Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to Citizens could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citizens 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 Citizens - 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 Citizens to buy it.

The correlation of Citizens 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 Citizens moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citizens 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 Citizens 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 Correlation Correlation Matching

When determining whether Citizens offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Citizens' 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 Citizens Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Citizens Stock:

How To Invest In Citizens

Details

Is Citizens Stock a good investment?

Details

What is Citizens' Net Worth?

Details

Largest Life & Health Insurance Companies

View

Largest Insurance - Life Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Citizens Stock refer to our How to Trade Citizens Stock guide.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Citizens Stock analysis

When running Citizens' price analysis, check to measure Citizens' 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 Citizens is operating at the current time. Most of Citizens' value examination focuses on studying past and present price action to predict the probability of Citizens' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citizens' price. Additionally, you may evaluate how the addition of Citizens to your portfolios can decrease your overall portfolio volatility.

	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities

Is Citizens' 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 Citizens. If investors know Citizens 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 Citizens 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

(0.22)

Earnings Share

0.48

Revenue Per Share

4.843

Quarterly Revenue Growth

(0.01)

Return On Assets

0.01

The market value of Citizens is measured differently than its book value, which is the value of Citizens that is recorded on the company's balance sheet. Investors also form their own opinion of Citizens' value that differs from its market value or its book value, called intrinsic value, which is Citizens' 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 Citizens' market value can be influenced by many factors that don't directly affect Citizens' 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 Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citizens' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Citizens Accounts Payable vs Other Current Assets Analysis

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Other Current Assets

Citizens fundamental ratios Correlations

Citizens Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Citizens fundamental ratios Accounts

Pair Trading with Citizens

Moving together with Citizens Stock

Moving against Citizens Stock

Complementary Tools for Citizens Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding
Accounts Payable	+ 0.96	Total Current Liabilities
Short Term Debt	+ 0.93	Non Currrent Assets Other
Property Plant And Equipment Net	+ 0.92	Short Long Term Debt Total
Other Current Assets	+ 0.92	Non Currrent Assets Other
Cash And Short Term Investments	+ 0.9	Total Liab

Cash	- 0.98	Net Debt
Short Term Investments	- 0.89	Retained Earnings
Total Current Assets	- 0.86	Other Assets
Total Current Assets	- 0.73	Retained Earnings
Non Current Assets Total	- 0.71	Other Assets
Cash	- 0.62	Short Term Debt