Weyco Cost Of Revenue vs Current Deferred Revenue Analysis

WEYS Stock  USD 28.14  0.46  1.61%   
Weyco financial indicator trend analysis is more than just analyzing Weyco Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weyco Group is a good investment. Please check the relationship between Weyco Cost Of Revenue and its Current Deferred Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco 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 manufacturing.

Cost Of Revenue vs Current Deferred Revenue

Cost Of Revenue vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weyco Group Cost Of Revenue account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Weyco's Cost Of Revenue and Current Deferred Revenue is -0.76. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Weyco Group, assuming nothing else is changed. The correlation between historical values of Weyco's Cost Of Revenue and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Weyco Group are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cost Of Revenue i.e., Weyco's Cost Of Revenue and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.76
Relationship DirectionNegative 
Relationship StrengthWeak

Cost Of Revenue

Cost of Revenue is found on Weyco Group income statement and represents the costs associated with goods and services Weyco provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Weyco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weyco Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco 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 manufacturing.
At this time, Weyco's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.48 in 2024, whereas Tax Provision is likely to drop slightly above 8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense81K710K529K302.6K
Depreciation And Amortization4.5M2.9M2.8M2.6M

Weyco fundamental ratios Correlations

0.670.620.950.880.270.97-0.010.930.840.050.86-0.910.850.840.840.570.830.240.940.320.330.270.860.020.82
0.670.540.620.450.330.64-0.20.510.42-0.190.66-0.460.450.770.560.290.6-0.070.740.190.290.290.45-0.040.44
0.620.540.380.420.730.49-0.270.610.28-0.240.58-0.420.40.670.44-0.010.92-0.040.550.370.860.890.510.170.56
0.950.620.380.870.020.970.130.840.880.190.79-0.910.790.780.820.710.630.340.940.230.10.00.81-0.110.74
0.880.450.420.870.220.840.020.830.80.080.67-0.840.90.720.680.630.70.340.810.210.310.140.680.060.64
0.270.330.730.020.220.11-0.810.35-0.08-0.790.390.010.270.410.06-0.390.66-0.590.160.40.690.80.020.530.15
0.970.640.490.970.840.110.070.90.840.130.83-0.90.80.760.890.570.710.310.920.260.170.120.89-0.030.83
-0.01-0.2-0.270.130.02-0.810.07-0.140.240.99-0.29-0.24-0.13-0.110.10.54-0.260.90.1-0.4-0.15-0.350.21-0.680.06
0.930.510.610.840.830.350.9-0.140.79-0.060.82-0.870.890.630.840.40.840.130.750.280.310.30.890.20.9
0.840.420.280.880.8-0.080.840.240.790.30.75-0.980.770.650.810.840.550.440.780.230.03-0.120.83-0.150.82
0.05-0.19-0.240.190.08-0.790.130.99-0.060.3-0.22-0.31-0.06-0.090.160.57-0.20.910.14-0.35-0.14-0.340.29-0.60.14
0.860.660.580.790.670.390.83-0.290.820.75-0.22-0.770.690.750.790.410.73-0.030.790.590.190.210.750.310.8
-0.91-0.46-0.42-0.91-0.840.01-0.9-0.24-0.87-0.98-0.31-0.77-0.81-0.68-0.85-0.77-0.66-0.46-0.83-0.23-0.16-0.03-0.90.11-0.88
0.850.450.40.790.90.270.8-0.130.890.77-0.060.69-0.810.60.70.50.740.130.710.320.190.10.710.220.7
0.840.770.670.780.720.410.76-0.110.630.65-0.090.75-0.680.60.620.540.760.150.920.410.490.380.54-0.130.53
0.840.560.440.820.680.060.890.10.840.810.160.79-0.850.70.620.50.640.360.740.240.10.060.92-0.080.9
0.570.29-0.010.710.63-0.390.570.540.40.840.570.41-0.770.50.540.50.210.650.650.09-0.07-0.340.5-0.450.44
0.830.60.920.630.70.660.71-0.260.840.55-0.20.73-0.660.740.760.640.210.030.720.410.720.710.690.220.72
0.24-0.07-0.040.340.34-0.590.310.90.130.440.91-0.03-0.460.130.150.360.650.030.31-0.20.06-0.20.41-0.560.28
0.940.740.550.940.810.160.920.10.750.780.140.79-0.830.710.920.740.650.720.310.310.310.210.72-0.140.65
0.320.190.370.230.210.40.26-0.40.280.23-0.350.59-0.230.320.410.240.090.41-0.20.310.110.150.180.410.27
0.330.290.860.10.310.690.17-0.150.310.03-0.140.19-0.160.190.490.1-0.070.720.060.310.110.930.170.060.2
0.270.290.890.00.140.80.12-0.350.3-0.12-0.340.21-0.030.10.380.06-0.340.71-0.20.210.150.930.150.20.2
0.860.450.510.810.680.020.890.210.890.830.290.75-0.90.710.540.920.50.690.410.720.180.170.15-0.030.97
0.02-0.040.17-0.110.060.53-0.03-0.680.2-0.15-0.60.310.110.22-0.13-0.08-0.450.22-0.56-0.140.410.060.2-0.030.07
0.820.440.560.740.640.150.830.060.90.820.140.8-0.880.70.530.90.440.720.280.650.270.20.20.970.07
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Weyco Account Relationship Matchups

Weyco fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets296.9M256.7M277.7M326.6M309.3M184.0M
Other Current Liab15.9M11.7M11.7M17.4M14.4M9.9M
Total Current Liabilities41.9M24.3M34.5M67.5M29.6M29.4M
Total Stockholder Equity210.0M187.9M201.4M223.9M244.5M134.7M
Property Plant And Equipment Net51.0M40.4M38.7M42.2M42.0M23.6M
Net Debt17.9M(20.5M)(8.6M)28.9M(55.8M)(53.0M)
Retained Earnings158.8M139.0M147.8M164.0M180.6M113.8M
Cash9.8M32.5M19.7M16.9M69.3M72.8M
Non Current Assets Total136.9M122.4M120.5M120.2M119.2M75.8M
Non Currrent Assets Other23.7M24.0M23.6M23.8M21.9M21.8M
Cash And Short Term Investments15.7M34.7M28.1M18.4M69.5M73.0M
Net Receivables51.5M36.0M53.8M54.2M39.5M35.7M
Common Stock Shares Outstanding10.0M9.8M9.7M9.6M9.5M11.0M
Liabilities And Stockholders Equity296.9M256.7M277.7M326.6M309.3M184.0M
Non Current Liabilities Total45.0M44.4M41.8M35.2M35.2M18.9M
Inventory86.7M59.0M71.0M128.0M74.9M47.5M
Other Current Assets6.0M4.6M4.3M5.9M6.2M5.2M
Other Stockholder Equity65.5M66.9M68.4M70.5M71.7M75.2M
Total Liab86.9M68.8M76.3M102.7M64.8M47.7M
Property Plant And Equipment Gross51.0M40.4M38.7M42.2M92.5M97.1M
Total Current Assets160.0M134.3M157.2M206.5M190.1M108.2M
Accumulated Other Comprehensive Income(24.5M)(28.0M)(24.8M)(20.2M)(17.3M)(16.4M)
Accounts Payable12.5M8.4M19.2M14.9M8.8M11.0M
Short Long Term Debt Total27.7M12.0M11.1M45.8M13.5M17.5M
Short Term Debt13.6M4.2M3.6M35.2M4.0M3.8M
Common Stock Total Equity9.9M9.8M9.7M9.6M11.0M10.1M
Short Term Investments5.9M2.2M8.3M1.5M215K204.3K
Common Stock9.9M9.8M9.7M9.6M9.5M10.1M
Other Assets24.7M67.7M24.7M24.1M1.00.95
Property Plant Equipment32.2M30.8M29.2M28.8M33.1M31.6M
Other Liab30.9M36.7M34.2M24.5M28.2M25.7M
Net Tangible Assets166.0M143.9M154.3M178.0M204.7M165.9M
Retained Earnings Total Equity158.8M139.0M147.8M164.0M188.6M139.9M
Capital Surpluse65.8M67.2M68.7M70.5M81.0M57.5M
Deferred Long Term Liab3.1M2.9M5.0M8.5M9.8M10.3M
Long Term Investments15.8M12.8M10.0M7.1M6.4M6.0M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Weyco Group is a strong investment it is important to analyze Weyco's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Weyco's future performance. For an informed investment choice regarding Weyco Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco 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 manufacturing.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is Weyco'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 Weyco. If investors know Weyco 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 Weyco 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
(0.12)
Dividend Share
1.01
Earnings Share
3.08
Revenue Per Share
32.14
Quarterly Revenue Growth
(0.17)
The market value of Weyco Group is measured differently than its book value, which is the value of Weyco that is recorded on the company's balance sheet. Investors also form their own opinion of Weyco's value that differs from its market value or its book value, called intrinsic value, which is Weyco'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 Weyco's market value can be influenced by many factors that don't directly affect Weyco'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 Weyco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Weyco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Weyco'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.