Commercial Inventory Turnover vs Net Income Analysis

CMC Stock  USD 58.77  0.67  1.15%   
Commercial Metals financial indicator trend analysis is way more than just evaluating Commercial Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commercial Metals is a good investment. Please check the relationship between Commercial Metals Inventory Turnover and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

Inventory Turnover vs Net Income

Inventory Turnover vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Metals Inventory Turnover account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Commercial Metals' Inventory Turnover and Net Income is -0.08. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Net Income in the same time period over historical financial statements of Commercial Metals, assuming nothing else is changed. The correlation between historical values of Commercial Metals' Inventory Turnover and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Commercial Metals are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Inventory Turnover i.e., Commercial Metals' Inventory Turnover and Net Income go up and down completely randomly.

Correlation Coefficient

-0.08
Relationship DirectionNegative 
Relationship StrengthInsignificant

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Commercial Metals financial statement analysis. It represents the amount of money remaining after all of Commercial Metals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Commercial Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commercial Metals 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 Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.The current year's Selling General Administrative is expected to grow to about 768.4 M. The current year's Discontinued Operations is expected to grow to about 1.5 M
 2021 2022 2023 2024 (projected)
Gross Profit1.9B1.8B2.1B2.2B
Total Revenue8.9B8.8B10.1B10.6B

Commercial Metals fundamental ratios Correlations

0.410.640.610.980.980.190.970.80.980.880.80.94-0.660.890.930.91-0.570.90.920.960.210.48-0.55-0.550.96
0.410.140.790.230.290.840.230.490.250.070.490.620.040.670.590.390.10.710.10.60.290.66-0.82-0.820.23
0.640.140.490.620.690.140.60.270.650.680.270.63-0.420.540.580.72-0.160.590.610.580.00.47-0.36-0.360.63
0.610.790.490.470.490.590.470.570.480.270.570.76-0.040.630.770.57-0.050.80.290.750.580.75-0.68-0.680.47
0.980.230.620.470.980.01.00.761.00.930.760.85-0.690.790.850.87-0.670.780.970.880.180.33-0.39-0.390.98
0.980.290.690.490.980.090.980.730.990.920.730.88-0.670.840.840.89-0.560.820.950.880.120.34-0.48-0.480.98
0.190.840.140.590.00.09-0.010.070.03-0.130.070.480.030.520.420.30.210.55-0.080.380.080.67-0.7-0.7-0.02
0.970.230.60.471.00.98-0.010.760.990.920.760.85-0.680.780.840.86-0.680.770.970.870.20.31-0.39-0.390.98
0.80.490.270.570.760.730.070.760.730.651.00.75-0.490.760.760.6-0.370.770.650.840.380.34-0.6-0.60.76
0.980.250.650.481.00.990.030.990.730.920.730.86-0.680.80.840.89-0.640.790.970.870.150.33-0.41-0.410.99
0.880.070.680.270.930.92-0.130.920.650.920.650.73-0.740.710.720.8-0.60.650.970.76-0.10.28-0.33-0.330.9
0.80.490.270.570.760.730.070.761.00.730.650.75-0.490.760.760.6-0.370.770.650.840.380.34-0.6-0.60.76
0.940.620.630.760.850.880.480.850.750.860.730.75-0.580.950.980.89-0.390.980.760.990.230.69-0.71-0.710.83
-0.660.04-0.42-0.04-0.69-0.670.03-0.68-0.49-0.68-0.74-0.49-0.58-0.6-0.57-0.660.63-0.52-0.76-0.590.1-0.210.30.3-0.64
0.890.670.540.630.790.840.520.780.760.80.710.760.95-0.60.910.84-0.320.970.730.940.050.65-0.78-0.780.77
0.930.590.580.770.850.840.420.840.760.840.720.760.98-0.570.910.84-0.440.960.750.980.280.73-0.68-0.680.8
0.910.390.720.570.870.890.30.860.60.890.80.60.89-0.660.840.84-0.540.840.840.860.10.55-0.54-0.540.84
-0.570.1-0.16-0.05-0.67-0.560.21-0.68-0.37-0.64-0.6-0.37-0.390.63-0.32-0.44-0.54-0.29-0.73-0.44-0.17-0.01-0.05-0.05-0.6
0.90.710.590.80.780.820.550.770.770.790.650.770.98-0.520.970.960.84-0.290.670.970.250.73-0.79-0.790.76
0.920.10.610.290.970.95-0.080.970.650.970.970.650.76-0.760.730.750.84-0.730.670.78-0.010.24-0.3-0.30.94
0.960.60.580.750.880.880.380.870.840.870.760.840.99-0.590.940.980.86-0.440.970.780.280.66-0.7-0.70.85
0.210.290.00.580.180.120.080.20.380.15-0.10.380.230.10.050.280.1-0.170.25-0.010.280.04-0.16-0.160.23
0.480.660.470.750.330.340.670.310.340.330.280.340.69-0.210.650.730.55-0.010.730.240.660.04-0.63-0.630.23
-0.55-0.82-0.36-0.68-0.39-0.48-0.7-0.39-0.6-0.41-0.33-0.6-0.710.3-0.78-0.68-0.54-0.05-0.79-0.3-0.7-0.16-0.631.0-0.4
-0.55-0.82-0.36-0.68-0.39-0.48-0.7-0.39-0.6-0.41-0.33-0.6-0.710.3-0.78-0.68-0.54-0.05-0.79-0.3-0.7-0.16-0.631.0-0.4
0.960.230.630.470.980.98-0.020.980.760.990.90.760.83-0.640.770.80.84-0.60.760.940.850.230.23-0.4-0.4
Click cells to compare fundamentals

Commercial Metals Account Relationship Matchups

Commercial Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B4.6B6.2B6.6B7.6B8.0B
Short Long Term Debt Total1.1B1.1B1.5B1.2B1.3B683.1M
Other Current Liab455.0M451.4M289.8M410.4M472.0M495.6M
Total Current Liabilities745.3M980.5M1.4B843.7M970.3M660.9M
Total Stockholder Equity1.9B2.3B3.3B4.1B4.7B5.0B
Property Plant And Equipment Net1.6B1.6B1.9B2.4B2.8B2.9B
Net Debt541.6M572.0M829.4M562.5M646.8M456.0M
Retained Earnings1.8B2.2B3.3B4.1B4.7B4.9B
Cash542.1M497.7M672.6M592.3M681.2M715.2M
Non Current Assets Total1.9B1.9B2.8B3.5B4.0B4.2B
Non Currrent Assets Other232.2M269.6M128.0M440.6M506.7M532.0M
Cash And Short Term Investments542.1M497.7M672.6M592.3M681.2M715.2M
Net Receivables880.7M1.1B1.4B1.2B1.4B1.5B
Common Stock Shares Outstanding120.3M122.0M122.4M118.6M106.7M97.1M
Liabilities And Stockholders Equity4.1B4.6B6.2B6.6B7.6B8.0B
Non Current Liabilities Total1.4B1.4B1.6B1.7B1.9B2.0B
Inventory625.4M935.4M1.2B1.0B1.2B1.3B
Other Current Assets165.9M173.0M240.2M276.0M317.4M333.3M
Other Stockholder Equity183.8M215.5M86.9M26.1M23.5M22.3M
Total Liab2.2B2.3B3.0B2.5B2.9B3.0B
Property Plant And Equipment Gross1.6B1.6B1.9B4.5B5.2B5.5B
Total Current Assets2.2B2.7B3.4B3.1B3.6B3.8B
Accumulated Other Comprehensive Income(103.8M)(84.8M)(114.5M)(3.8M)(4.3M)(4.6M)
Short Term Debt18.1M54.4M388.8M40.5M46.6M54.9M
Accounts Payable266.1M450.7M428.1M364.4M419.0M374.5M
Other Liab285.7M254.3M369.2M430.2M494.7M519.4M
Other Assets104.7M147.3M43K279.8M321.8M337.9M
Long Term Debt1.0B1.0B1.1B1.0B1.2B949.5M
Treasury Stock(197.4M)(175.1M)(152.6M)(295.8M)(266.3M)(279.6M)
Property Plant Equipment1.6B1.7B1.9B2.6B3.0B3.1B
Current Deferred Revenue6.0M23.9M250.3M28.4M25.5M24.3M
Good Will64.3M66.1M249.0M385.8M443.7M465.9M
Intangible Assets12.6M10.1M257.4M259.2M298.0M312.9M
Net Tangible Assets1.8B2.2B3.3B3.5B4.0B4.2B

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

  0.87NUE Nucor Corp Financial Report 18th of April 2024 PairCorr

Moving against Commercial Stock

  0.71NC NACCO IndustriesPairCorr
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  0.68MP MP Materials Corp Financial Report 2nd of May 2024 PairCorr
  0.68NB NioCorp DevelopmentsPairCorr
  0.64X United States Steel Financial Report 25th of April 2024 PairCorr
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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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.