Commercial Return on Average Equity vs Weighted Average Shares Analysis
CMC Stock | USD 57.29 0.26 0.45% |
Trend analysis of Commercial Metals balance sheet accounts such as Short Long Term Debt Total of 683.1 M, Other Current Liabilities of 495.6 M or Total Current Liabilities of 660.9 M provides information on Commercial Metals' total assets, liabilities, and equity, which is the actual value of Commercial Metals to its prevalent stockholders. By breaking down trends over time using Commercial Metals balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Commercial |
About Commercial Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Commercial Metals at a specified time, usually calculated after every quarter, six months, or one year. Commercial Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Commercial Metals 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 Commercial currently owns. An asset can also be divided into two categories, current and non-current.
Commercial Metals Balance Sheet Chart
Commercial Metals Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Commercial Metals uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Commercial Metals' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 5 B, whereas Short and Long Term Debt Total is forecasted to decline to about 683.1 M. Add Fundamental
Total Assets
Total assets refers to the total amount of Commercial Metals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Commercial Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Commercial Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Commercial Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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.At present, Commercial Metals' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 316.6 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.06.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 1.8B | 2.1B | 2.2B | Total Revenue | 8.9B | 8.8B | 10.1B | 10.6B |
Commercial Metals fundamental ratios Correlations
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Commercial Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commercial Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.1B | 4.6B | 6.2B | 6.6B | 7.6B | 8.0B | |
Short Long Term Debt Total | 1.1B | 1.1B | 1.5B | 1.2B | 1.3B | 683.1M | |
Other Current Liab | 455.0M | 451.4M | 289.8M | 410.4M | 472.0M | 495.6M | |
Total Current Liabilities | 745.3M | 980.5M | 1.4B | 843.7M | 970.3M | 660.9M | |
Total Stockholder Equity | 1.9B | 2.3B | 3.3B | 4.1B | 4.7B | 5.0B | |
Property Plant And Equipment Net | 1.6B | 1.6B | 1.9B | 2.4B | 2.8B | 2.9B | |
Net Debt | 541.6M | 572.0M | 829.4M | 562.5M | 646.8M | 456.0M | |
Retained Earnings | 1.8B | 2.2B | 3.3B | 4.1B | 4.7B | 4.9B | |
Cash | 542.1M | 497.7M | 672.6M | 592.3M | 681.2M | 715.2M | |
Non Current Assets Total | 1.9B | 1.9B | 2.8B | 3.5B | 4.0B | 4.2B | |
Non Currrent Assets Other | 232.2M | 269.6M | 128.0M | 440.6M | 506.7M | 532.0M | |
Cash And Short Term Investments | 542.1M | 497.7M | 672.6M | 592.3M | 681.2M | 715.2M | |
Net Receivables | 880.7M | 1.1B | 1.4B | 1.2B | 1.4B | 1.5B | |
Common Stock Shares Outstanding | 120.3M | 122.0M | 122.4M | 118.6M | 106.7M | 97.1M | |
Liabilities And Stockholders Equity | 4.1B | 4.6B | 6.2B | 6.6B | 7.6B | 8.0B | |
Non Current Liabilities Total | 1.4B | 1.4B | 1.6B | 1.7B | 1.9B | 2.0B | |
Inventory | 625.4M | 935.4M | 1.2B | 1.0B | 1.2B | 1.3B | |
Other Current Assets | 165.9M | 173.0M | 240.2M | 276.0M | 317.4M | 333.3M | |
Other Stockholder Equity | 183.8M | 215.5M | 86.9M | 26.1M | 23.5M | 22.3M | |
Total Liab | 2.2B | 2.3B | 3.0B | 2.5B | 2.9B | 3.0B | |
Property Plant And Equipment Gross | 1.6B | 1.6B | 1.9B | 4.5B | 5.2B | 5.5B | |
Total Current Assets | 2.2B | 2.7B | 3.4B | 3.1B | 3.6B | 3.8B | |
Accumulated Other Comprehensive Income | (103.8M) | (84.8M) | (114.5M) | (3.8M) | (4.3M) | (4.6M) | |
Short Term Debt | 18.1M | 54.4M | 388.8M | 40.5M | 46.6M | 54.9M | |
Accounts Payable | 266.1M | 450.7M | 428.1M | 364.4M | 419.0M | 374.5M | |
Other Liab | 285.7M | 254.3M | 369.2M | 430.2M | 494.7M | 519.4M | |
Other Assets | 104.7M | 147.3M | 43K | 279.8M | 321.8M | 337.9M | |
Long Term Debt | 1.0B | 1.0B | 1.1B | 1.0B | 1.2B | 949.5M | |
Treasury Stock | (197.4M) | (175.1M) | (152.6M) | (295.8M) | (266.3M) | (279.6M) | |
Property Plant Equipment | 1.6B | 1.7B | 1.9B | 2.6B | 3.0B | 3.1B | |
Current Deferred Revenue | 6.0M | 23.9M | 250.3M | 28.4M | 25.5M | 24.3M | |
Good Will | 64.3M | 66.1M | 249.0M | 385.8M | 443.7M | 465.9M | |
Intangible Assets | 12.6M | 10.1M | 257.4M | 259.2M | 298.0M | 312.9M | |
Net Tangible Assets | 1.8B | 2.2B | 3.3B | 3.5B | 4.0B | 4.2B |
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
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Moving against Commercial Stock
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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.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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Commercial Stock analysis
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.