Neogen Accounts Payable vs Net Receivables Analysis
NEOG Stock | USD 12.45 0.20 1.63% |
Neogen financial indicator trend analysis is infinitely more than just investigating Neogen recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neogen is a good investment. Please check the relationship between Neogen Accounts Payable and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neogen Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Neogen's Accounts Payable and Net Receivables is 0.96. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Neogen, assuming nothing else is changed. The correlation between historical values of Neogen's Accounts Payable and Net Receivables 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 Neogen are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Neogen's Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Neogen 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 Neogen 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.Net Receivables
Most indicators from Neogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neogen 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 Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.At this time, Neogen's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The Neogen's current Enterprise Value is estimated to increase to about 3.8 B, while Tax Provision is projected to decrease to roughly 707.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 243.0M | 406.0M | 466.8M | 490.2M | Total Revenue | 527.2M | 822.4M | 945.8M | 993.1M |
Neogen fundamental ratios Correlations
Click cells to compare fundamentals
Neogen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Neogen fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 797.2M | 920.2M | 992.9M | 4.6B | 5.2B | 5.5B | |
Other Current Liab | 22.8M | 25.0M | 36.3M | 60.9M | 70.0M | 73.5M | |
Total Current Liabilities | 48.5M | 53.6M | 77.8M | 145.5M | 167.3M | 175.7M | |
Total Stockholder Equity | 725.2M | 840.4M | 887.4M | 3.1B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 78.7M | 100.5M | 110.6M | 198.7M | 228.6M | 240.0M | |
Net Debt | (342.6M) | (379.8M) | 605.6M | 736.8M | 663.1M | 696.2M | |
Retained Earnings | 478.7M | 539.6M | 587.9M | 565.0M | 649.8M | 682.3M | |
Cash | 343.7M | 381.1M | 381.1M | 163.2M | 187.7M | 197.1M | |
Non Current Assets Total | 259.8M | 328.7M | 366.1M | 4.0B | 4.6B | 4.8B | |
Non Currrent Assets Other | 2.2M | 2.0M | 2.2M | 15.2M | 17.5M | 15.5M | |
Cash And Short Term Investments | 343.7M | 381.1M | 381.1M | 245.6M | 282.4M | 296.5M | |
Net Receivables | 84.7M | 91.8M | 99.7M | 153.3M | 176.2M | 185.1M | |
Common Stock Shares Outstanding | 105.7M | 107.1M | 108.0M | 188.9M | 217.2M | 228.1M | |
Liabilities And Stockholders Equity | 797.2M | 920.2M | 992.9M | 4.6B | 5.2B | 5.5B | |
Non Current Liabilities Total | 23.5M | 26.2M | 27.7M | 1.3B | 1.5B | 1.5B | |
Inventory | 95.1M | 100.7M | 122.3M | 133.8M | 153.9M | 161.6M | |
Other Current Assets | 14.0M | 17.8M | 23.8M | 53.3M | 61.3M | 64.4M | |
Other Stockholder Equity | 257.7M | 295.0M | 310.0M | 2.6B | 3.0B | 3.1B | |
Total Liab | 72.0M | 79.8M | 105.6M | 1.4B | 1.6B | 1.7B | |
Property Plant And Equipment Gross | 80.6M | 102.9M | 215.5M | 318.9M | 366.7M | 385.0M | |
Total Current Assets | 537.4M | 591.5M | 626.8M | 585.9M | 673.8M | 707.5M | |
Accumulated Other Comprehensive Income | (19.7M) | (11.4M) | (27.8M) | (33.3M) | (29.9M) | (28.4M) | |
Intangible Assets | 66.6M | 92.3M | 107.5M | 1.6B | 1.8B | 1.9B | |
Accounts Payable | 25.7M | 23.9M | 34.6M | 76.7M | 88.2M | 92.6M | |
Common Stock Total Equity | 8.5M | 17.2M | 17.2M | 34.6M | 39.8M | 41.8M | |
Short Term Investments | 277.4M | 305.5M | 336.6M | 82.3M | 94.7M | 91.9M | |
Common Stock | 8.5M | 17.2M | 17.2M | 34.6M | 39.8M | 37.8M | |
Other Liab | 22.6M | 26.2M | 27.7M | 375.7M | 432.1M | 453.7M | |
Other Assets | 2.2M | 2.0M | 4.8B | 15.2M | 17.5M | 16.6M | |
Good Will | 181.1M | 228.3M | 255.5M | 3.8B | 4.3B | 4.6B | |
Property Plant Equipment | 78.7M | 100.5M | 110.6M | 198.7M | 228.6M | 240.0M | |
Net Tangible Assets | 599.6M | 612.1M | 887.4M | 3.1B | 3.6B | 3.8B | |
Retained Earnings Total Equity | 478.7M | 539.6M | 587.9M | 565.0M | 649.8M | 382.8M |
Neogen Investors Sentiment
The influence of Neogen's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Neogen. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Neogen's public news can be used to forecast risks associated with an investment in Neogen. The trend in average sentiment can be used to explain how an investor holding Neogen can time the market purely based on public headlines and social activities around Neogen. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Neogen's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Neogen's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Neogen's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Neogen.
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 Neogen 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, Neogen's short interest history, or implied volatility extrapolated from Neogen options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Neogen Stock analysis
When running Neogen's price analysis, check to measure Neogen'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 Neogen is operating at the current time. Most of Neogen's value examination focuses on studying past and present price action to predict the probability of Neogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen's price. Additionally, you may evaluate how the addition of Neogen to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
Is Neogen'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 Neogen. If investors know Neogen 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 Neogen 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 (0.86) | Earnings Share 0.02 | Revenue Per Share 4.293 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0179 |
The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.