New Days Sales Outstanding vs Average Payables Analysis
| NCEW Stock | 0.45 0.03 6.25% |
New Century financial indicator trend analysis is infinitely more than just investigating New Century Logistics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Century Logistics is a good investment. Please check the relationship between New Century Days Sales Outstanding and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Century Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.
Days Sales Outstanding vs Average Payables
Days Sales Outstanding vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Century Logistics Days Sales Outstanding account and Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between New Century's Days Sales Outstanding and Average Payables is -0.06. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Average Payables in the same time period over historical financial statements of New Century Logistics, assuming nothing else is changed. The correlation between historical values of New Century's Days Sales Outstanding and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of New Century Logistics are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Days Sales Outstanding i.e., New Century's Days Sales Outstanding and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Days Sales Outstanding
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from New Century's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Century Logistics 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Century Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators. At this time, New Century's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 112.33 in 2025, whereas Tax Provision is likely to drop slightly above 148.9 K in 2025.
| 2022 | 2023 | 2024 | 2025 (projected) | Depreciation And Amortization | 228.4K | 217.2K | 249.8K | 225.8K | Interest Income | 645.0 | 849.0 | 976.35 | 1.0K |
New Century fundamental ratios Correlations
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New Century Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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