Caesarstone Total Liab vs Accounts Payable Analysis
CSTE Stock | USD 5.90 0.29 4.68% |
Caesarstone financial indicator trend analysis is way more than just evaluating Caesarstone prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caesarstone is a good investment. Please check the relationship between Caesarstone Total Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caesarstone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.
Total Liab vs Accounts Payable
Total Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caesarstone Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Caesarstone's Total Liab and Accounts Payable is 0.63. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Caesarstone, assuming nothing else is changed. The correlation between historical values of Caesarstone's Total Liab 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 Total Liab of Caesarstone 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 Total Liab i.e., Caesarstone's Total Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Accounts Payable
An accounting item on the balance sheet that represents Caesarstone 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 Caesarstone 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 Caesarstone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caesarstone 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 Caesarstone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.09, whereas Selling General Administrative is forecasted to decline to about 42.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.6M | 5.7M | 5.3M | 4.2M | Depreciation And Amortization | 38.7M | 36.3M | 30.0M | 27.0M |
Caesarstone fundamental ratios Correlations
Click cells to compare fundamentals
Caesarstone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Caesarstone fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 705.5M | 820.9M | 867.7M | 753.0M | 579.9M | 606.5M | |
Other Current Liab | 71.3M | 85.7M | 84.4M | 74.4M | 46.7M | 50.2M | |
Total Current Liabilities | 127.0M | 157.0M | 183.3M | 165.0M | 121.2M | 124.2M | |
Total Stockholder Equity | 483.3M | 492.9M | 499.9M | 426.6M | 315.1M | 395.7M | |
Other Liab | 27.2M | 35.4M | 32.6M | 29.9M | 34.4M | 23.9M | |
Retained Earnings | 368.4M | 370.8M | 377.7M | 311.8M | 203.7M | 269.2M | |
Accounts Payable | 53.1M | 55.1M | 81.4M | 62.2M | 42.8M | 57.3M | |
Cash | 139.4M | 114.2M | 74.3M | 52.1M | 54.6M | 77.4M | |
Other Assets | 18.2M | 18.7M | 19.3M | 23.7M | 27.2M | 28.6M | |
Long Term Debt | 7.9M | 20.7M | 6.2M | 4.8M | 2.5M | 2.4M | |
Good Will | 37.0M | 35.3M | 35.2M | 47.5M | 45.8M | 0.0 | |
Common Stock Shares Outstanding | 34.5M | 34.5M | 34.6M | 34.5M | 34.5M | 36.8M | |
Inventory | 122.7M | 152.1M | 204.7M | 238.2M | 139.5M | 127.5M | |
Other Current Assets | 3.9M | 5.6M | 5.9M | 32.6M | 5.4M | 5.1M | |
Total Liab | 227.8M | 325.9M | 365.5M | 324.0M | 257.0M | 205.0M | |
Property Plant Equipment | 276.0M | 346.0M | 375.8M | 312.6M | 359.5M | 225.9M | |
Short Long Term Debt Total | 75.7M | 148.8M | 164.4M | 155.6M | 146.0M | 153.3M | |
Property Plant And Equipment Net | 278.4M | 346.8M | 375.8M | 313.4M | 243.6M | 240.8M | |
Current Deferred Revenue | 377K | 959K | 2.7M | 2.0M | 2.4M | 2.5M | |
Net Debt | (63.6M) | 34.5M | 90.0M | 103.5M | 91.4M | 95.9M | |
Non Current Assets Total | 331.1M | 435.2M | 459.1M | 345.1M | 259.9M | 302.8M | |
Cash And Short Term Investments | 139.4M | 122.4M | 85.5M | 59.2M | 91.1M | 94.6M | |
Net Receivables | 112.3M | 111.3M | 118.3M | 110.5M | 83.9M | 100.3M | |
Liabilities And Stockholders Equity | 705.5M | 820.9M | 867.7M | 753.0M | 579.9M | 633.2M | |
Non Current Liabilities Total | 100.8M | 168.9M | 182.2M | 159.0M | 135.8M | 84.3M | |
Other Stockholder Equity | 117.8M | 120.7M | 122.5M | 124.0M | 125.0M | 131.7M | |
Property Plant And Equipment Gross | 276.8M | 346.8M | 375.8M | 313.4M | 637.0M | 668.8M | |
Total Current Assets | 374.4M | 385.7M | 408.5M | 407.9M | 319.9M | 330.4M | |
Accumulated Other Comprehensive Income | (3.3M) | 1.1M | (704K) | (9.6M) | (14.0M) | (13.3M) | |
Short Term Debt | 2.2M | 15.3M | 14.8M | 26.4M | 29.3M | 14.7M | |
Non Currrent Assets Other | 6.4M | 9.5M | 8.4M | 6.7M | 7.0M | 8.0M | |
Net Tangible Assets | 442.5M | 427.8M | 438.9M | 412.2M | 474.1M | 420.6M | |
Short Long Term Debt | 2.2M | 15.3M | 14.8M | 26.4M | 5.4M | 5.1M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Caesarstone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Caesarstone's short interest history, or implied volatility extrapolated from Caesarstone options trading.
Pair Trading with Caesarstone
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 Caesarstone 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 Caesarstone will appreciate offsetting losses from the drop in the long position's value.Moving together with Caesarstone Stock
0.61 | VKSC | Viskase Companies | PairCorr |
Moving against Caesarstone Stock
0.69 | FBIN | Fortune Brands Innov | PairCorr |
The ability to find closely correlated positions to Caesarstone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caesarstone 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 Caesarstone - 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 Caesarstone to buy it.
The correlation of Caesarstone 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 Caesarstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caesarstone 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 Caesarstone 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 Caesarstone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running Caesarstone's price analysis, check to measure Caesarstone'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 Caesarstone is operating at the current time. Most of Caesarstone's value examination focuses on studying past and present price action to predict the probability of Caesarstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caesarstone's price. Additionally, you may evaluate how the addition of Caesarstone to your portfolios can decrease your overall portfolio volatility.
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Is Caesarstone'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 Caesarstone. If investors know Caesarstone 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 Caesarstone 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 5.869 | Earnings Share (3.13) | Revenue Per Share 16.374 | Quarterly Revenue Growth (0.19) | Return On Assets (0.04) |
The market value of Caesarstone is measured differently than its book value, which is the value of Caesarstone that is recorded on the company's balance sheet. Investors also form their own opinion of Caesarstone's value that differs from its market value or its book value, called intrinsic value, which is Caesarstone'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 Caesarstone's market value can be influenced by many factors that don't directly affect Caesarstone'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 Caesarstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caesarstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caesarstone'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.