Callaway Accounts Payable vs Retained Earnings Analysis
MODG Stock | USD 14.98 0.12 0.81% |
Callaway Golf financial indicator trend analysis is way more than just evaluating Callaway Golf prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Callaway Golf is a good investment. Please check the relationship between Callaway Golf Accounts Payable and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Callaway Golf. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Callaway Golf Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Callaway Golf's Accounts Payable and Retained Earnings is 0.31. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Callaway Golf, assuming nothing else is changed. The correlation between historical values of Callaway Golf's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Callaway Golf are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Callaway Golf's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Callaway Golf 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 Callaway Golf 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Callaway Golf's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Callaway Golf 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Callaway Golf. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.At this time, Callaway Golf's Enterprise Value is most likely to increase significantly in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 2.4B | 2.6B | 2.8B | Total Revenue | 3.1B | 4.0B | 4.3B | 4.5B |
Callaway Golf fundamental ratios Correlations
Click cells to compare fundamentals
Callaway Golf Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Callaway Golf fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.0B | 7.7B | 8.6B | 9.1B | 9.6B | |
Short Long Term Debt Total | 759.3M | 894.9M | 3.0B | 2.9B | 4.4B | 4.6B | |
Other Current Liab | 65.6M | 43.7M | 199.6M | 626.5M | 504.1M | 529.3M | |
Total Current Liabilities | 523.2M | 391.3M | 866.0M | 1.2B | 947.6M | 995.0M | |
Total Stockholder Equity | 767.4M | 675.6M | 3.7B | 3.8B | 3.9B | 4.1B | |
Property Plant And Equipment Net | 292.9M | 341.3M | 2.8B | 3.2B | 3.8B | 4.0B | |
Net Debt | 652.6M | 528.7M | 2.6B | 2.7B | 4.0B | 4.2B | |
Retained Earnings | 489.4M | 360.2M | 682.2M | 852.5M | 947.5M | 994.9M | |
Cash | 106.7M | 366.1M | 352.2M | 180.2M | 394.3M | 414.0M | |
Non Current Assets Total | 1.2B | 1.1B | 6.6B | 7.1B | 7.5B | 7.9B | |
Cash And Short Term Investments | 106.7M | 366.1M | 352.2M | 180.2M | 394.3M | 414.0M | |
Net Receivables | 140.5M | 138.5M | 105.3M | 167.3M | 310.9M | 326.4M | |
Common Stock Shares Outstanding | 96.3M | 94.2M | 176.9M | 201.3M | 201.1M | 101.2M | |
Liabilities And Stockholders Equity | 2.0B | 2.0B | 7.7B | 8.6B | 9.1B | 9.6B | |
Non Current Liabilities Total | 669.9M | 913.7M | 3.2B | 3.6B | 4.3B | 4.5B | |
Inventory | 456.6M | 352.5M | 533.5M | 959.2M | 794.4M | 834.1M | |
Other Current Assets | 85.6M | 55.5M | 173.6M | 193.1M | 128.5M | 134.9M | |
Other Stockholder Equity | 299.4M | 321.0M | 3.0B | 3.0B | 3.0B | 3.1B | |
Total Liab | 1.2B | 1.3B | 4.1B | 4.8B | 5.2B | 5.5B | |
Property Plant And Equipment Gross | 292.9M | 341.3M | 2.8B | 3.2B | 4.2B | 4.4B | |
Total Current Assets | 789.4M | 912.6M | 1.2B | 1.5B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (22.4M) | (6.5M) | (27.3M) | (61.5M) | (47.5M) | (45.1M) | |
Short Term Debt | 178.3M | 66.3M | 81.4M | 295.7M | 142.6M | 149.7M | |
Intangible Assets | 697.2M | 541.0M | 1.5B | 1.5B | 1.5B | 1.6B | |
Accounts Payable | 276.3M | 278.8M | 491.2M | 159.1M | 130.7M | 111.8M | |
Non Currrent Assets Other | 17.1M | 14.5M | 257.4M | 355.4M | (1.3B) | (1.3B) | |
Other Liab | 81.4M | 85.1M | 327.6M | 142.2M | 163.5M | 171.7M | |
Other Assets | 89.8M | 380.5M | 257.4M | 97.6M | 112.2M | 76.7M | |
Treasury Stock | (24.2M) | (25.9M) | (25.4M) | (31.3M) | (36.0M) | (37.8M) | |
Property Plant Equipment | 132.8M | 146.5M | 2.8B | 1.8B | 2.1B | 2.2B | |
Current Deferred Revenue | 3.0M | 2.5M | 93.9M | 94.9M | 170.2M | 178.7M | |
Long Term Debt | 443.3M | 650.6M | 1.5B | 1.2B | 2.5B | 2.6B | |
Good Will | 203.7M | 56.7M | 2.0B | 2.0B | 2.0B | 2.1B | |
Net Tangible Assets | 207.9M | 312.6M | 194.2M | 2.4B | 2.7B | 2.9B | |
Retained Earnings Total Equity | 489.4M | 360.2M | 682.2M | 852.5M | 980.4M | 1.0B |
Currently Active Assets on Macroaxis
MSFT | Microsoft | |
GM | General Motors | |
CRM | Salesforce | |
MSFT | Microsoft | |
GOOG | Alphabet Inc Class C |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Callaway Golf. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.Note that the Callaway Golf information on this page should be used as a complementary analysis to other Callaway Golf's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Callaway Stock analysis
When running Callaway Golf's price analysis, check to measure Callaway Golf'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 Callaway Golf is operating at the current time. Most of Callaway Golf's value examination focuses on studying past and present price action to predict the probability of Callaway Golf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Callaway Golf's price. Additionally, you may evaluate how the addition of Callaway Golf to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Transaction History View history of all your transactions and understand their impact on performance | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Callaway Golf'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 Callaway Golf. If investors know Callaway 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 Callaway Golf 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 (0.73) | Earnings Share 0.41 | Revenue Per Share 23.082 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0163 |
The market value of Callaway Golf is measured differently than its book value, which is the value of Callaway that is recorded on the company's balance sheet. Investors also form their own opinion of Callaway Golf's value that differs from its market value or its book value, called intrinsic value, which is Callaway Golf'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 Callaway Golf's market value can be influenced by many factors that don't directly affect Callaway Golf'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 Callaway Golf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Callaway Golf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Callaway Golf'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.