Superior Accounts Payable vs Other Current Assets Analysis

SGC Stock  USD 19.88  0.02  0.10%   
Superior Uniform financial indicator trend analysis is much more than just breaking down Superior Uniform prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Superior Uniform is a good investment. Please check the relationship between Superior Uniform Accounts Payable and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Uniform Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Superior Uniform Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Superior Uniform's Accounts Payable and Other Current Assets is 0.67. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Superior Uniform Group, assuming nothing else is changed. The correlation between historical values of Superior Uniform's Accounts Payable and Other Current Assets 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 Superior Uniform Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Superior Uniform's Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Superior Uniform 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 Superior Uniform 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Superior Uniform's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Superior Uniform 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Uniform Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
The current year's Selling General Administrative is expected to grow to about 193.3 M, whereas Tax Provision is projected to grow to (610.9 K).
 2021 2022 2023 2024 (projected)
Gross Profit186.0M193.4M203.5M213.7M
Total Revenue537.0M578.8M543.3M570.5M

Superior Uniform fundamental ratios Correlations

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0.950.780.850.90.871.00.810.750.930.90.750.950.230.990.780.710.90.970.640.940.650.930.880.510.98
0.910.780.960.910.90.760.810.720.850.880.720.920.260.790.750.620.860.890.740.920.680.780.930.390.75
0.960.850.960.970.940.830.870.750.940.950.750.960.210.850.780.70.930.950.780.960.80.860.980.340.79
0.990.90.910.970.940.880.90.750.970.960.750.970.160.910.830.780.980.970.750.980.780.920.970.420.84
0.950.870.90.940.940.830.760.880.90.960.880.940.190.880.770.630.950.940.890.960.630.810.970.290.83
0.931.00.760.830.880.830.820.680.930.870.680.930.260.980.780.730.870.960.580.920.670.940.850.550.98
0.880.810.810.870.90.760.820.470.890.810.470.850.310.810.910.910.820.860.450.860.810.870.830.610.77
0.780.750.720.750.750.880.680.470.70.831.00.79-0.030.760.550.370.840.790.910.810.360.620.820.060.69
0.980.930.850.940.970.90.930.890.70.950.70.970.230.940.780.760.950.980.690.950.820.980.940.420.89
0.970.90.880.950.960.960.870.810.830.950.830.970.230.910.720.660.960.960.830.960.730.890.980.30.85
0.780.750.720.750.750.880.680.471.00.70.830.79-0.030.760.550.370.840.790.910.810.360.620.820.060.69
0.990.950.920.960.970.940.930.850.790.970.970.790.220.950.780.690.950.990.770.990.730.930.970.40.91
0.20.230.260.210.160.190.260.31-0.030.230.23-0.030.220.230.260.280.070.230.020.180.20.230.210.320.36
0.960.990.790.850.910.880.980.810.760.940.910.760.950.230.790.720.920.980.660.950.630.940.880.490.98
0.830.780.750.780.830.770.780.910.550.780.720.550.780.260.790.910.780.820.440.840.570.740.760.690.76
0.760.710.620.70.780.630.730.910.370.760.660.370.690.280.720.910.70.740.250.740.650.750.670.730.69
0.970.90.860.930.980.950.870.820.840.950.960.840.950.070.920.780.70.960.810.970.70.90.940.350.83
1.00.970.890.950.970.940.960.860.790.980.960.790.990.230.980.820.740.960.740.990.730.950.960.450.94
0.750.640.740.780.750.890.580.450.910.690.830.910.770.020.660.440.250.810.740.770.430.580.84-0.160.58
0.990.940.920.960.980.960.920.860.810.950.960.810.990.180.950.840.740.970.990.770.70.90.970.450.9
0.750.650.680.80.780.630.670.810.360.820.730.360.730.20.630.570.650.70.730.430.70.790.740.320.58
0.940.930.780.860.920.810.940.870.620.980.890.620.930.230.940.740.750.90.950.580.90.790.860.460.91
0.970.880.930.980.970.970.850.830.820.940.980.820.970.210.880.760.670.940.960.840.970.740.860.290.82
0.440.510.390.340.420.290.550.610.060.420.30.060.40.320.490.690.730.350.45-0.160.450.320.460.290.55
0.910.980.750.790.840.830.980.770.690.890.850.690.910.360.980.760.690.830.940.580.90.580.910.820.55
Click cells to compare fundamentals

Superior Uniform Account Relationship Matchups

Superior Uniform fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets358.9M393.9M470.2M456.9M426.8M448.2M
Short Long Term Debt Total123.0M89.3M119.9M159.3M110.5M116.0M
Other Current Liab17.6M45.2M34.7M37.2M35.8M37.6M
Total Current Liabilities69.4M104.9M111.1M85.2M100.6M105.6M
Total Stockholder Equity157.6M191.6M227.0M192.6M197.6M207.5M
Property Plant And Equipment Net38.3M40.5M57.9M60.5M64.8M68.0M
Net Debt114.0M84.1M110.9M141.5M90.6M95.2M
Retained Earnings107.6M142.0M163.8M123.0M122.5M74.5M
Cash9.0M5.2M8.9M17.7M19.9M20.9M
Non Current Assets Total147.2M145.5M171.0M139.0M147.5M154.8M
Non Currrent Assets Other10.1M10.1M13.2M12.0M14.8M15.5M
Cash And Short Term Investments9.0M5.2M8.9M17.7M19.9M20.9M
Net Receivables119.4M142.5M150.6M161.1M152.5M160.1M
Common Stock Shares Outstanding15.3M15.5M16.1M15.8M16.2M12.4M
Liabilities And Stockholders Equity358.9M393.9M470.2M456.9M426.8M448.2M
Non Current Liabilities Total132.0M97.4M132.1M179.2M128.6M135.0M
Inventory73.4M89.8M120.6M125.0M98.1M55.5M
Other Current Assets9.9M11.0M19.2M14.2M8.9M4.5M
Other Stockholder Equity57.4M61.8M69.4M72.6M77.4M81.3M
Total Liab201.4M202.3M243.3M264.3M229.2M240.7M
Property Plant And Equipment Gross38.3M40.5M57.9M60.5M135.9M142.7M
Total Current Assets211.7M248.5M299.3M318.0M279.4M293.3M
Accumulated Other Comprehensive Income(7.5M)(12.2M)(6.2M)(3.0M)(2.3M)(2.4M)
Intangible Assets62.5M58.7M60.4M55.8M51.2M53.7M
Accounts Payable33.3M39.3M52.3M42.1M50.5M53.0M
Other Assets10.1M14.0M13.2M22.7M1.00.95
Long Term Debt104.0M72.4M100.8M151.6M88.8M93.2M
Property Plant Equipment32.8M36.6M57.9M51.4M59.1M62.1M
Other Liab25.6M23.5M29.3M23.6M27.2M15.9M
Net Tangible Assets61.1M98.4M124.9M196.5M226.0M237.3M
Retained Earnings Total Equity107.6M142.0M163.8M123.0M141.4M92.1M
Long Term Debt Total104.0M72.4M100.8M151.6M174.3M183.0M
Capital Surpluse57.4M61.8M69.4M72.6M83.5M50.9M
Deferred Long Term Liab8.5M7.0M450K359K412.9K392.2K
Non Current Liabilities Other18.6M23.0M11.8M23.6M9.3M17.1M
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 Superior Uniform 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, Superior Uniform's short interest history, or implied volatility extrapolated from Superior Uniform options trading.

Currently Active Assets on Macroaxis

When determining whether Superior Uniform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Superior Uniform's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Superior Uniform Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Superior Uniform Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Uniform Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Superior Uniform information on this page should be used as a complementary analysis to other Superior Uniform's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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Is Superior Uniform'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 Superior Uniform. If investors know Superior 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 Superior Uniform 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
3.293
Dividend Share
0.56
Earnings Share
0.72
Revenue Per Share
34.451
Quarterly Revenue Growth
0.062
The market value of Superior Uniform is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Uniform's value that differs from its market value or its book value, called intrinsic value, which is Superior Uniform'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 Superior Uniform's market value can be influenced by many factors that don't directly affect Superior Uniform'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 Superior Uniform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Superior Uniform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Uniform'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.