Celestica Accounts Payable vs Good Will Analysis
| CLS Stock | | | CAD 371.47 12.66 3.30% |
Celestica financial indicator trend analysis is way more than just evaluating Celestica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celestica is a good investment. Please check the relationship between Celestica Accounts Payable and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Celestica Stock, please use our
How to Invest in Celestica guide.
Accounts Payable vs Good Will
Accounts Payable vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Celestica Accounts Payable account and
Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Celestica's Accounts Payable and Good Will is -0.04. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Accounts Payable and Good Will 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 Celestica are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., Celestica's Accounts Payable and Good Will go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Celestica 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 Celestica 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Celestica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celestica 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Celestica Stock, please use our
How to Invest in Celestica guide.At this time, Celestica's
Tax Provision is very stable compared to the past year. As of the 21st of October 2025,
Issuance Of Capital Stock is likely to grow to about 4.1
M, while
Selling General Administrative is likely to drop about 275.3
M.
Celestica fundamental ratios Correlations
Click cells to compare fundamentals
Celestica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celestica fundamental ratios Accounts
When determining whether Celestica is a strong investment it is important to analyze Celestica'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 Celestica's
future performance.
For an informed investment choice regarding Celestica Stock, refer to the following important reports: Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Celestica Stock, please use our
How to Invest in Celestica guide.
You can also try the
Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Please note, there is a significant difference between Celestica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celestica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celestica'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.