| NX Stock | | | USD 28.44 0.16 0.57% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Accounts Payable and its Non Current Liabilities Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Accounts Payable vs Non Current Liabilities Total
Accounts Payable vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Quanex Building Products Accounts Payable account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Quanex Building's Accounts Payable and Non Current Liabilities Total is -0.27. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's Accounts Payable and Non Current Liabilities Total 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 Quanex Building Products are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., Quanex Building's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Quanex Building 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 Quanex Building Products 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.
Non Current Liabilities Total
Most indicators from Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Enterprise Value is likely to rise to about 737.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 103.3
M in 2024.
Quanex Building fundamental ratios Correlations
Click cells to compare fundamentals
Quanex Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quanex Building fundamental ratios Accounts
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