Patrick Total Assets vs Accounts Payable Analysis

PATK Stock

USD 102.64 1.56 1.50%

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 Total Assets 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.

Total Assets vs Accounts Payable

Total Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patrick Industries Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Patrick Industries' Total Assets and Accounts Payable is 0.96. Overlapping area represents the amount of variation of Total Assets 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' Total Assets 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 Total Assets 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 Total Assets i.e., Patrick Industries' Total Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Patrick Industries assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Patrick Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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. Sales General And Administrative To Revenue is expected to rise to 0.08 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

Gross Profit Total Revenue

Patrick Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.8	0.98	0.99	0.99	0.99	0.97	0.45	1.0	0.96	0.45	0.99	0.1	1.0	0.98	0.95	0.49	1.0	0.94	0.98	0.06	0.99	0.96	0.94	0.93
Short Long Term Debt Total	0.99		0.77	0.99	0.96	0.98	1.0	0.93	0.52	0.98	0.94	0.52	0.98	0.12	1.0	0.99	0.97	0.41	1.0	0.89	1.0	0.04	0.99	0.97	0.92	0.92
Other Current Liab	0.8	0.77		0.7	0.84	0.81	0.8	0.86	0.07	0.82	0.81	0.07	0.79	0.1	0.79	0.78	0.64	0.52	0.77	0.78	0.74	0.06	0.82	0.64	0.77	0.75
Total Current Liabilities	0.98	0.99	0.7		0.94	0.96	0.98	0.91	0.53	0.96	0.93	0.53	0.98	0.15	0.98	0.99	0.98	0.42	0.99	0.86	1.0	0.05	0.97	0.99	0.91	0.91
Total Stockholder Equity	0.99	0.96	0.84	0.94		0.98	0.97	0.99	0.35	0.99	0.96	0.35	0.98	0.07	0.97	0.95	0.89	0.58	0.97	0.97	0.94	0.09	0.98	0.92	0.95	0.92
Property Plant And Equipment Net	0.99	0.98	0.81	0.96	0.98		0.98	0.97	0.43	0.99	0.95	0.43	0.99	0.07	0.99	0.97	0.93	0.5	0.99	0.96	0.97	0.11	0.98	0.93	0.92	0.91
Net Debt	0.99	1.0	0.8	0.98	0.97	0.98		0.95	0.45	0.99	0.96	0.45	0.99	0.12	1.0	0.99	0.96	0.45	1.0	0.91	0.99	0.04	0.99	0.96	0.92	0.92
Retained Earnings	0.97	0.93	0.86	0.91	0.99	0.97	0.95		0.27	0.98	0.96	0.27	0.96	0.01	0.95	0.94	0.85	0.63	0.94	0.98	0.92	0.11	0.96	0.87	0.91	0.87
Cash	0.45	0.52	0.07	0.53	0.35	0.43	0.45	0.27		0.4	0.31	1.0	0.42	0.13	0.49	0.43	0.67	-0.29	0.5	0.27	0.55	-0.04	0.42	0.57	0.45	0.49
Non Current Assets Total	1.0	0.98	0.82	0.96	0.99	0.99	0.99	0.98	0.4		0.96	0.4	0.99	0.08	0.99	0.97	0.93	0.52	0.99	0.96	0.97	0.06	0.99	0.94	0.95	0.93
Non Currrent Assets Other	0.96	0.94	0.81	0.93	0.96	0.95	0.96	0.96	0.31	0.96		0.31	0.94	0.01	0.95	0.96	0.87	0.54	0.95	0.92	0.94	0.01	0.96	0.9	0.88	0.86
Cash And Short Term Investments	0.45	0.52	0.07	0.53	0.35	0.43	0.45	0.27	1.0	0.4	0.31		0.42	0.13	0.49	0.43	0.67	-0.29	0.5	0.27	0.55	-0.04	0.42	0.57	0.45	0.49
Net Receivables	0.99	0.98	0.79	0.98	0.98	0.99	0.99	0.96	0.42	0.99	0.94	0.42		0.13	0.99	0.97	0.95	0.5	0.99	0.93	0.97	0.07	0.99	0.96	0.95	0.94
Common Stock Shares Outstanding	0.1	0.12	0.1	0.15	0.07	0.07	0.12	0.01	0.13	0.08	0.01	0.13	0.13		0.11	0.14	0.17	0.19	0.12	-0.03	0.15	0.3	0.13	0.18	0.2	0.24
Non Current Liabilities Total	1.0	1.0	0.79	0.98	0.97	0.99	1.0	0.95	0.49	0.99	0.95	0.49	0.99	0.11		0.99	0.96	0.43	1.0	0.91	0.99	0.05	0.99	0.96	0.93	0.93
Inventory	0.98	0.99	0.78	0.99	0.95	0.97	0.99	0.94	0.43	0.97	0.96	0.43	0.97	0.14	0.99		0.94	0.49	0.99	0.88	0.99	0.08	0.98	0.96	0.89	0.89
Other Current Assets	0.95	0.97	0.64	0.98	0.89	0.93	0.96	0.85	0.67	0.93	0.87	0.67	0.95	0.17	0.96	0.94		0.28	0.97	0.81	0.98	0.05	0.94	0.98	0.9	0.92
Other Stockholder Equity	0.49	0.41	0.52	0.42	0.58	0.5	0.45	0.63	-0.29	0.52	0.54	-0.29	0.5	0.19	0.43	0.49	0.28		0.43	0.61	0.41	0.29	0.47	0.38	0.42	0.37
Total Liab	1.0	1.0	0.77	0.99	0.97	0.99	1.0	0.94	0.5	0.99	0.95	0.5	0.99	0.12	1.0	0.99	0.97	0.43		0.91	0.99	0.05	0.99	0.97	0.93	0.93
Property Plant And Equipment Gross	0.94	0.89	0.78	0.86	0.97	0.96	0.91	0.98	0.27	0.96	0.92	0.27	0.93	-0.03	0.91	0.88	0.81	0.61	0.91		0.87	0.14	0.91	0.84	0.88	0.84
Total Current Assets	0.98	1.0	0.74	1.0	0.94	0.97	0.99	0.92	0.55	0.97	0.94	0.55	0.97	0.15	0.99	0.99	0.98	0.41	0.99	0.87		0.07	0.98	0.98	0.91	0.91
Short Term Debt	0.06	0.04	0.06	0.05	0.09	0.11	0.04	0.11	-0.04	0.06	0.01	-0.04	0.07	0.3	0.05	0.08	0.05	0.29	0.05	0.14	0.07		0.01	0.03	0.0	-0.02
Intangible Assets	0.99	0.99	0.82	0.97	0.98	0.98	0.99	0.96	0.42	0.99	0.96	0.42	0.99	0.13	0.99	0.98	0.94	0.47	0.99	0.91	0.98	0.01		0.96	0.95	0.95
Accounts Payable	0.96	0.97	0.64	0.99	0.92	0.93	0.96	0.87	0.57	0.94	0.9	0.57	0.96	0.18	0.96	0.96	0.98	0.38	0.97	0.84	0.98	0.03	0.96		0.93	0.93
Common Stock Total Equity	0.94	0.92	0.77	0.91	0.95	0.92	0.92	0.91	0.45	0.95	0.88	0.45	0.95	0.2	0.93	0.89	0.9	0.42	0.93	0.88	0.91	0.0	0.95	0.93		1.0
Common Stock	0.93	0.92	0.75	0.91	0.92	0.91	0.92	0.87	0.49	0.93	0.86	0.49	0.94	0.24	0.93	0.89	0.92	0.37	0.93	0.84	0.91	-0.02	0.95	0.93	1.0

Click cells to compare fundamentals

Patrick Industries Account Relationship Matchups

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

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Patrick Industries using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

When determining whether Patrick Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Patrick Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Patrick Industries Stock. Highlighted below are key reports to facilitate an investment decision about Patrick Industries Stock:

How To Invest In Patrick

Details

Is Patrick Stock a good investment?

Details

What is Patrick Industries' Net Worth?

Details

Largest Building Products Companies

View

Largest Furnishings, Fixtures & Appliances Companies

View

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 CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Patrick Stock analysis

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.

	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Patrick Total Assets vs Accounts Payable Analysis

Total Assets vs Accounts Payable

Total Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Assets

Accounts Payable

Patrick Industries fundamental ratios Correlations

Patrick Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patrick Industries fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Patrick Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.29	Cash And Short Term Investments
Other Stockholder Equity	- 0.29	Cash
Short Term Debt	- 0.04	Cash And Short Term Investments
Short Term Debt	- 0.04	Cash
Property Plant And Equipment Gross	- 0.03	Common Stock Shares Outstanding
Common Stock	- 0.02	Short Term Debt