Corsair Inventory vs Accounts Payable Analysis
CRSR Stock | USD 11.16 0.11 1.00% |
Corsair GamingInc financial indicator trend analysis is way more than just evaluating Corsair GamingInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corsair GamingInc is a good investment. Please check the relationship between Corsair GamingInc Inventory and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corsair GamingInc Inventory account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Corsair GamingInc's Inventory and Accounts Payable is 0.91. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Corsair GamingInc, assuming nothing else is changed. The correlation between historical values of Corsair GamingInc's Inventory 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 Inventory of Corsair GamingInc 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 Inventory i.e., Corsair GamingInc's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Corsair GamingInc 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 Corsair GamingInc 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 Corsair GamingInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corsair GamingInc 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 Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.At this time, Corsair GamingInc's Selling General Administrative is relatively stable compared to the past year. As of 05/16/2024, Enterprise Value Over EBITDA is likely to grow to 26.36, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 513.9M | 296.6M | 327.6M | 370.4M | Total Revenue | 1.9B | 1.4B | 1.5B | 1.6B |
Corsair GamingInc fundamental ratios Correlations
Click cells to compare fundamentals
Corsair GamingInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corsair GamingInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 111.3M | 205.7M | 199.2M | 158.2M | 149.2M | 122.4M | |
Total Current Liabilities | 299.9M | 505.4M | 446.7M | 343.0M | 418.5M | 347.2M | |
Other Liab | 39.6M | 32.4M | 25.7M | 21.2M | 24.4M | 30.9M | |
Net Tangible Assets | (387.0M) | (134.7M) | 25.4M | 59.8M | 68.8M | 72.3M | |
Retained Earnings | (106.0M) | (2.8M) | 98.1M | 37.2M | 40.4M | 42.4M | |
Accounts Payable | 182.0M | 299.6M | 236.1M | 172.0M | 240.0M | 208.1M | |
Other Assets | 10.8M | 34.6M | 72.0M | 30.3M | 1.0 | 0.95 | |
Net Receivables | 202.3M | 293.6M | 291.3M | 235.7M | 253.3M | 220.0M | |
Inventory | 151.1M | 226.0M | 298.3M | 192.7M | 240.2M | 201.3M | |
Other Current Assets | 24.7M | 38.0M | 51.0M | 40.6M | 39.8M | 29.6M | |
Other Stockholder Equity | 325.0M | 438.7M | 470.4M | 593.5M | 630.6M | 373.8M | |
Total Current Assets | 429.8M | 691.0M | 705.8M | 622.8M | 711.6M | 545.3M | |
Property Plant Equipment | 15.4M | 16.5M | 16.8M | 80.1M | 92.1M | 96.7M | |
Total Assets | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Short Long Term Debt Total | 505.8M | 339.0M | 308.3M | 295.2M | 246.5M | 282.3M | |
Total Stockholder Equity | 216.8M | 437.4M | 568.2M | 623.8M | 667.6M | 490.7M | |
Property Plant And Equipment Net | 15.4M | 16.5M | 16.8M | 34.9M | 68.5M | 72.0M | |
Current Deferred Revenue | 4.2M | (9.1M) | 6.7M | 6.3M | 7.4M | 7.8M | |
Net Debt | 457.6M | 205.6M | 243.1M | 141.3M | 70.9M | 67.3M | |
Cash | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Non Current Assets Total | 629.9M | 623.1M | 631.6M | 674.5M | 645.9M | 678.3M | |
Non Currrent Assets Other | 10.8M | 29.6M | 72.0M | 51.7M | 6.6M | 6.3M | |
Long Term Debt | 503.4M | 321.4M | 242.9M | 232.2M | 186.0M | 250.7M | |
Cash And Short Term Investments | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Good Will | 312.8M | 312.8M | 317.1M | 347.7M | 354.7M | 343.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Non Current Liabilities Total | 543.0M | 371.3M | 322.5M | 298.8M | 245.0M | 294.6M | |
Total Liab | 842.9M | 876.7M | 769.2M | 641.8M | 663.5M | 592.3M | |
Net Invested Capital | 722.6M | 758.8M | 815.8M | 862.5M | 865.8M | 845.3M | |
Property Plant And Equipment Gross | 15.4M | 16.5M | 16.8M | 112.6M | 104.2M | 109.4M | |
Accumulated Other Comprehensive Income | (2.2M) | 1.5M | (340K) | (6.9M) | (3.5M) | (3.7M) | |
Non Current Liabilities Other | 5.7M | 20.2M | 53.9M | 48.6M | 3.0M | 2.9M | |
Net Working Capital | 129.9M | 185.6M | 259.0M | 279.8M | 293.1M | 228.2M | |
Short Term Debt | 2.4M | 9.1M | 4.8M | 6.5M | 21.9M | 23.0M |
Pair Trading with Corsair GamingInc
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 Corsair GamingInc 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 Corsair GamingInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Corsair Stock
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Moving against Corsair Stock
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The ability to find closely correlated positions to Corsair GamingInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corsair GamingInc 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 Corsair GamingInc - 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 Corsair GamingInc to buy it.
The correlation of Corsair GamingInc 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 Corsair GamingInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corsair GamingInc 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 Corsair GamingInc 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 Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running Corsair GamingInc's price analysis, check to measure Corsair GamingInc'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 Corsair GamingInc is operating at the current time. Most of Corsair GamingInc's value examination focuses on studying past and present price action to predict the probability of Corsair GamingInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corsair GamingInc's price. Additionally, you may evaluate how the addition of Corsair GamingInc to your portfolios can decrease your overall portfolio volatility.
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Is Corsair GamingInc'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 Corsair GamingInc. If investors know Corsair 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 Corsair GamingInc 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 (0.53) | Earnings Share (0.08) | Revenue Per Share 14.018 | Quarterly Revenue Growth (0.05) | Return On Assets (0.0008) |
The market value of Corsair GamingInc is measured differently than its book value, which is the value of Corsair that is recorded on the company's balance sheet. Investors also form their own opinion of Corsair GamingInc's value that differs from its market value or its book value, called intrinsic value, which is Corsair GamingInc'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 Corsair GamingInc's market value can be influenced by many factors that don't directly affect Corsair GamingInc'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 Corsair GamingInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corsair GamingInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corsair GamingInc'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.