Envela Cash And Short Term Investments vs Accounts Payable Analysis
ELA Stock | USD 4.65 0.04 0.87% |
Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Cash And Short Term Investments and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.
Cash And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Envela Corp's Cash And Short Term Investments and Accounts Payable is -0.17. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Cash And Short Term Investments 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 Cash And Short Term Investments of Envela Corp 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 Cash And Short Term Investments i.e., Envela Corp's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Envela Corp balance sheet. This account contains Envela Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Envela Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Accounts Payable
An accounting item on the balance sheet that represents Envela Corp 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 Envela Corp 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 Envela Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.At present, Envela Corp's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 16.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 31.2M | 44.8M | 40.3M | 42.3M | Total Revenue | 141.0M | 182.7M | 171.7M | 180.3M |
Envela Corp fundamental ratios Correlations
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Envela Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envela Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Other Current Liab | 916.5K | 844.3K | 1.8M | 2.3M | 2.5M | 2.6M | |
Total Current Liabilities | 4.8M | 6.1M | 9.8M | 8.9M | 9.0M | 5.5M | |
Total Stockholder Equity | 11.2M | 17.6M | 27.6M | 43.3M | 48.3M | 50.7M | |
Property Plant And Equipment Net | 3.7M | 10.4M | 15.5M | 13.6M | 15.1M | 15.9M | |
Net Debt | 8.7M | 11.0M | 16.0M | 4.9M | 1.4M | 1.4M | |
Retained Earnings | (29.2M) | (22.9M) | (12.8M) | 2.9M | 10.0M | 10.5M | |
Non Current Assets Total | 8.7M | 17.1M | 24.9M | 22.4M | 23.6M | 24.8M | |
Net Receivables | 3.0M | 2.8M | 7.2M | 8.5M | 7.8M | 8.2M | |
Liabilities And Stockholders Equity | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Non Current Liabilities Total | 11.0M | 16.9M | 21.8M | 19.1M | 16.2M | 17.0M | |
Inventory | 9.5M | 10.0M | 14.0M | 18.8M | 23.1M | 24.3M | |
Other Current Assets | 1.2M | 1.2M | 2.6M | 1.7M | 1.1M | 745.1K | |
Other Stockholder Equity | 42.2M | 41.9M | 40.2M | 40.2M | 38.0M | 20.8M | |
Total Liab | 15.8M | 23.0M | 31.6M | 28.0M | 25.2M | 26.4M | |
Property Plant And Equipment Gross | 3.7M | 10.4M | 18.1M | 16.9M | 19.1M | 20.1M | |
Total Current Assets | 18.4M | 23.5M | 34.4M | 48.9M | 49.9M | 52.4M | |
Short Term Debt | 2.3M | 3.3M | 4.3M | 2.9M | 3.2M | 1.8M | |
Cash | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Non Currrent Assets Other | 204.8K | 2.3M | 237.8K | (1.3M) | 201.4K | 323.8K | |
Cash And Short Term Investments | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Accounts Payable | 1.5M | 1.5M | 2.5M | 3.4M | 3.1M | 2.0M | |
Intangible Assets | 3.4M | 3.0M | 3.0M | 5.0M | 4.3M | 2.2M | |
Current Deferred Revenue | 165.4K | 429.0K | 1.2M | 282.5K | 211.7K | 201.1K | |
Net Tangible Assets | 6.4M | 13.2M | 27.4M | 34.4M | 39.6M | 41.6M | |
Retained Earnings Total Equity | (29.2M) | (22.9M) | (12.8M) | 2.9M | 3.3M | 3.5M | |
Long Term Debt Total | 8.6M | 4.2M | 16.0M | 14.7M | 16.9M | 17.8M | |
Capital Lease Obligations | 3.6M | 4.8M | 7.4M | 6.1M | 4.4M | 3.2M | |
Property Plant Equipment | 1.4M | 10.4M | 15.5M | 9.4M | 10.8M | 5.9M | |
Other Assets | 204.8K | 5.8M | 237.8K | 186.8K | 1.0 | 0.95 |
Pair Trading with Envela Corp
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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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 0.25 | Revenue Per Share 6.058 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0669 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.