EPlus Other Stockholder Equity vs Non Current Liabilities Total Analysis
PLUS Stock | USD 73.92 0.71 0.95% |
EPlus financial indicator trend analysis is much more than just examining ePlus inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ePlus inc is a good investment. Please check the relationship between EPlus Other Stockholder Equity and its Non Current Liabilities Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ePlus inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Other Stockholder Equity vs Non Current Liabilities Total
Other Stockholder Equity vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ePlus inc Other Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between EPlus' Other Stockholder Equity and Non Current Liabilities Total is 0.6. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of ePlus inc, assuming nothing else is changed. The correlation between historical values of EPlus' Other Stockholder Equity 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 Other Stockholder Equity of ePlus inc 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 Other Stockholder Equity i.e., EPlus' Other Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Stockholder Equity
Non Current Liabilities Total
Most indicators from EPlus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ePlus inc 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 ePlus inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At this time, EPlus' Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 3.2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 461.0M | 517.5M | 510.8M | 536.3M | Total Revenue | 1.8B | 2.1B | 2.2B | 2.3B |
EPlus fundamental ratios Correlations
Click cells to compare fundamentals
EPlus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EPlus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 909.1M | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | |
Short Long Term Debt Total | 200.2M | 172.8M | 175.5M | 175.0M | 53.1M | 50.4M | |
Other Current Liab | 53.9M | 66.9M | 67.7M | 61.7M | 74.1M | 77.8M | |
Total Current Liabilities | 386.6M | 459.4M | 460.0M | 561.3M | 657.0M | 689.8M | |
Total Stockholder Equity | 486.1M | 562.4M | 660.7M | 782.3M | 901.8M | 946.9M | |
Property Plant And Equipment Net | 32.6M | 42.3M | 45.6M | 16.6M | 28.3M | 15.6M | |
Net Debt | 113.9M | 43.3M | 20.1M | 71.9M | (199.9M) | (189.9M) | |
Retained Earnings | 410.2M | 484.6M | 507.8M | 627.2M | 743.0M | 780.1M | |
Accounts Payable | 82.9M | 165.2M | 136.2M | 220.2M | 420.8M | 441.8M | |
Cash | 86.2M | 129.6M | 155.4M | 103.1M | 253.0M | 265.7M | |
Non Current Assets Total | 259.3M | 299.2M | 268.7M | 261.2M | 454.4M | 477.2M | |
Non Currrent Assets Other | (13.1M) | 7.1M | 64.3M | (4.7M) | 120.4M | 64.2M | |
Cash And Short Term Investments | 86.2M | 129.6M | 155.4M | 103.1M | 253.0M | 265.7M | |
Net Receivables | 481.7M | 538.9M | 540.5M | 649.5M | 794.1M | 833.8M | |
Common Stock Shares Outstanding | 26.8M | 26.8M | 26.9M | 26.7M | 26.7M | 24.7M | |
Liabilities And Stockholders Equity | 909.1M | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | |
Non Current Liabilities Total | 36.3M | 55.0M | 45.4M | 71.2M | 109.8M | 61.7M | |
Inventory | 50.3M | 70.0M | 155.1M | 243.3M | 139.7M | 146.7M | |
Other Current Assets | 9.3M | 11.0M | 13.9M | 55.1M | 27.3M | 17.1M | |
Other Stockholder Equity | 76.8M | 77.0M | 152.7M | 153.2M | 156.2M | 164.1M | |
Total Liab | 423.0M | 514.4M | 505.5M | 632.6M | 766.7M | 805.1M | |
Property Plant And Equipment Gross | 30.3M | 27.0M | 60.5M | 59.2M | 127.5M | 133.8M | |
Total Current Assets | 649.8M | 777.6M | 897.5M | 1.1B | 1.2B | 1.3B | |
Accumulated Other Comprehensive Income | (991K) | 655K | (124K) | 1.6M | 2.3M | 2.4M | |
Other Liab | 22.1M | 31.6M | 32.2M | 49.7M | 57.2M | 60.0M | |
Other Assets | 12.4M | 27.6M | 30.8M | 58.5M | 67.3M | 70.7M | |
Long Term Debt | 5.9M | 18.3M | 9.9M | 9.5M | 12.9M | 12.3M | |
Good Will | 118.1M | 126.6M | 126.5M | 136.1M | 161.5M | 169.6M | |
Common Stock Total Equity | 144K | 145K | 270K | 272K | 312.8K | 328.4K | |
Intangible Assets | 34.5M | 38.6M | 27.3M | 25.0M | 44.1M | 24.5M | |
Common Stock | 144K | 145K | 270K | 272K | 274K | 152.9K | |
Property Plant Equipment | 20.2M | 16.2M | 14.8M | 26.5M | 23.9M | 16.4M | |
Treasury Stock | (68.4M) | (75.4M) | (6.7M) | (14.1M) | (12.7M) | (13.3M) | |
Current Deferred Revenue | 55.5M | 72.8M | 86.5M | 114.0M | 134.6M | 141.3M | |
Short Term Debt | 194.3M | 154.5M | 169.7M | 165.4M | 27.5M | 26.1M | |
Net Tangible Assets | 333.6M | 397.2M | 660.7M | 782.3M | 899.6M | 944.6M | |
Capital Surpluse | 145.2M | 152.4M | 159.5M | 167.3M | 192.4M | 144.3M | |
Deferred Long Term Liab | 8.9M | 11.0M | 19.1M | 715K | 822.3K | 781.1K | |
Non Current Liabilities Other | 2.7M | 5.3M | 35.5M | 61.0M | 81.8M | 85.9M |
Pair Trading with EPlus
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EPlus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EPlus will appreciate offsetting losses from the drop in the long position's value.Moving against EPlus Stock
0.5 | FLEX | Flex | PairCorr |
0.44 | EXTR | Extreme Networks Fiscal Year End 7th of August 2024 | PairCorr |
0.39 | ERIC | Telefonaktiebolaget Financial Report 12th of July 2024 | PairCorr |
0.34 | FKWL | Franklin Wireless Corp | PairCorr |
The ability to find closely correlated positions to EPlus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPlus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EPlus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ePlus inc to buy it.
The correlation of EPlus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EPlus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ePlus inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EPlus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for EPlus Stock Analysis
When running EPlus' price analysis, check to measure EPlus' 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 EPlus is operating at the current time. Most of EPlus' value examination focuses on studying past and present price action to predict the probability of EPlus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlus' price. Additionally, you may evaluate how the addition of EPlus to your portfolios can decrease your overall portfolio volatility.