Patrick Free Cash Flow per Share vs Accounts Payable Analysis
PATK Stock | USD 106.81 1.65 1.52% |
Patrick Industries financial indicator trend analysis is much more than just breaking down Patrick Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patrick Industries is a good investment. Please check the relationship between Patrick Industries Free Cash Flow Per Share and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. 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 more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.
Free Cash Flow Per Share vs Accounts Payable
Free Cash Flow per Share vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patrick Industries Free Cash Flow per Share account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Patrick Industries' Free Cash Flow per Share and Accounts Payable is 0.83. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Patrick Industries, assuming nothing else is changed. The correlation between historical values of Patrick Industries' Free Cash Flow per Share 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 Free Cash Flow per Share of Patrick Industries 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 Free Cash Flow per Share i.e., Patrick Industries' Free Cash Flow per Share and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Accounts Payable
An accounting item on the balance sheet that represents Patrick Industries 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 Patrick Industries 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 Patrick Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patrick Industries 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. 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 more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.At this time, Patrick Industries' Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 8.70 this year, although the value of Tax Provision will most likely fall to about 48.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 801.2M | 1.1B | 782.2M | 821.3M | Total Revenue | 4.1B | 4.9B | 3.5B | 3.6B |
Patrick Industries fundamental ratios Correlations
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Patrick Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patrick Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.8B | 2.7B | 2.8B | 2.7B | 2.8B | |
Short Long Term Debt Total | 769.5M | 937.5M | 1.4B | 1.5B | 1.2B | 1.3B | |
Other Current Liab | 58.0M | 83.2M | 13.8M | 172.6M | 109.3M | 114.8M | |
Total Current Liabilities | 186.9M | 227.4M | 432.8M | 367.2M | 308.5M | 323.9M | |
Total Stockholder Equity | 497.5M | 559.4M | 767.6M | 955.2M | 1.0B | 1.1B | |
Property Plant And Equipment Net | 274.4M | 369.3M | 477.7M | 514.2M | 531.3M | 557.9M | |
Net Debt | 630.1M | 892.7M | 1.3B | 1.4B | 1.2B | 1.3B | |
Retained Earnings | 305.5M | 360.2M | 513.7M | 758.9M | 843.1M | 885.2M | |
Cash | 139.4M | 44.8M | 122.8M | 22.8M | 11.4M | 11.7M | |
Non Current Assets Total | 954.2M | 1.2B | 1.7B | 1.9B | 1.9B | 2.0B | |
Non Currrent Assets Other | 3.4M | 4.0M | 7.1M | 8.8M | 7.9M | 8.3M | |
Cash And Short Term Investments | 139.4M | 44.8M | 122.8M | 22.8M | 11.4M | 11.7M | |
Net Receivables | 87.5M | 132.5M | 172.4M | 172.9M | 173.1M | 181.8M | |
Common Stock Shares Outstanding | 23.3M | 23.1M | 23.4M | 24.5M | 22.0M | 17.8M | |
Liabilities And Stockholders Equity | 1.5B | 1.8B | 2.7B | 2.8B | 2.7B | 2.8B | |
Non Current Liabilities Total | 786.6M | 966.6M | 1.5B | 1.5B | 1.3B | 1.4B | |
Inventory | 253.9M | 312.8M | 614.4M | 667.8M | 510.1M | 535.6M | |
Other Current Assets | 36.0M | 38.0M | 64.5M | 46.3M | 39.9M | 41.9M | |
Other Stockholder Equity | 25.0M | 24.4M | 59.7M | 113.2M | 130.2M | 136.7M | |
Total Liab | 973.5M | 1.2B | 1.9B | 1.8B | 1.6B | 1.7B | |
Property Plant And Equipment Gross | 274.4M | 369.3M | 477.7M | 514.2M | 823.8M | 865.0M | |
Total Current Assets | 516.8M | 528.1M | 974.1M | 909.9M | 734.6M | 771.4M | |
Accumulated Other Comprehensive Income | (5.7M) | (6.1M) | (2.2M) | (695K) | (999K) | (1.0M) | |
Short Term Debt | 32.7M | 38.4M | 47.8M | 51.7M | 56.3M | 59.1M | |
Intangible Assets | 357.0M | 456.3M | 640.5M | 720.2M | 651.2M | 683.7M | |
Accounts Payable | 96.2M | 105.8M | 203.5M | 142.9M | 140.5M | 147.6M | |
Common Stock Total Equity | 172.7M | 180.9M | 196.4M | 197.0M | 226.6M | 237.9M | |
Common Stock | 172.7M | 180.9M | 196.4M | 197.0M | 203.3M | 213.4M | |
Other Liab | 43.9M | 67.5M | 51.2M | 61.4M | 70.7M | 74.2M | |
Other Assets | 3.4M | 4.0M | 7.1M | 8.8M | 10.2M | 10.7M | |
Long Term Debt | 670.4M | 810.9M | 1.3B | 1.3B | 1.0B | 1.1B | |
Good Will | 676.4M | 852.1M | 551.4M | 629.3M | 637.4M | 669.3M | |
Property Plant Equipment | 180.8M | 251.5M | 477.7M | 350.6M | 403.2M | 423.3M | |
Net Tangible Assets | (178.9M) | (292.6M) | (424.3M) | (394.3M) | (354.9M) | (337.1M) | |
Retained Earnings Total Equity | 305.5M | 360.2M | 513.7M | 758.9M | 872.7M | 916.3M | |
Capital Surpluse | 25.1M | 25.0M | 24.4M | 59.7M | 68.6M | 72.0M | |
Deferred Long Term Liab | 27.3M | 39.5M | 36.5M | 48.4M | 55.7M | 58.4M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. 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 more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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When running Patrick Industries' price analysis, check to measure Patrick Industries' 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 Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
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Is Patrick Industries' 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 Patrick Industries. If investors know Patrick 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 Patrick Industries 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 (0.16) | Dividend Share 1.9 | Earnings Share 6.5 | Revenue Per Share 161.162 | Quarterly Revenue Growth (0.18) |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' 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 Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' 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 Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' 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.