Fomento Retained Earnings vs Accounts Payable Analysis

FMX Stock

USD 89.32 1.36 1.50%

Fomento Economico financial indicator trend analysis is much more than just examining Fomento Economico latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fomento Economico is a good investment. Please check the relationship between Fomento Economico Retained Earnings and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Retained Earnings vs Accounts Payable

Retained Earnings vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fomento Economico Retained Earnings account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Fomento Economico's Retained Earnings and Accounts Payable is 0.94. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Fomento Economico Mexicano, assuming nothing else is changed. The correlation between historical values of Fomento Economico's Retained Earnings and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Fomento Economico Mexicano are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Retained Earnings i.e., Fomento Economico's Retained Earnings and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Accounts Payable

An accounting item on the balance sheet that represents Fomento Economico 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 Fomento Economico 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.

Most indicators from Fomento Economico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fomento Economico 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Fomento Economico's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 13.3 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	16.9B	16.3B	17.2B	18.1B
Depreciation And Amortization	28.0B	30.5B	34.0B	35.7B

Interest Expense Depreciation And Amortization

Fomento Economico fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab
Common Stock Shares Outstanding		0.6	0.42	0.3	0.48	0.64	0.48	-0.12	0.37	0.64	0.52	0.44	0.6	0.34	0.44	0.62	0.36	0.45	0.49	0.33	0.06	0.43	0.44	0.48	0.29	0.31
Total Assets	0.6		0.95	0.82	0.97	0.93	0.96	-0.14	0.67	0.97	0.96	0.67	0.8	0.75	0.86	0.81	0.77	0.96	0.98	0.59	-0.17	0.95	0.87	0.92	0.54	0.85
Short Long Term Debt Total	0.42	0.95		0.87	0.93	0.81	0.95	-0.17	0.74	0.89	0.93	0.52	0.79	0.71	0.8	0.63	0.82	1.0	0.97	0.5	-0.32	1.0	0.83	0.86	0.41	0.82
Other Current Liab	0.3	0.82	0.87		0.91	0.79	0.94	-0.01	0.41	0.81	0.75	0.63	0.51	0.86	0.83	0.4	0.53	0.84	0.89	0.73	-0.15	0.87	0.92	0.88	0.54	0.65
Total Current Liabilities	0.48	0.97	0.93	0.91		0.94	0.99	0.0	0.56	0.96	0.91	0.75	0.69	0.84	0.9	0.74	0.7	0.92	0.99	0.72	-0.14	0.93	0.94	0.96	0.61	0.82
Total Stockholder Equity	0.64	0.93	0.81	0.79	0.94		0.91	-0.05	0.45	0.98	0.89	0.84	0.64	0.83	0.9	0.81	0.56	0.8	0.9	0.76	0.1	0.8	0.9	0.93	0.75	0.77
Property Plant And Equipment Net	0.48	0.96	0.95	0.94	0.99	0.91		-0.03	0.56	0.94	0.89	0.72	0.68	0.85	0.89	0.66	0.68	0.93	0.98	0.72	-0.17	0.95	0.95	0.95	0.59	0.79
Current Deferred Revenue	-0.12	-0.14	-0.17	-0.01	0.0	-0.05	-0.03		-0.16	-0.04	-0.28	0.2	-0.38	0.19	0.02	0.03	-0.24	-0.21	-0.04	0.33	-0.19	-0.17	0.14	0.05	0.01	-0.28
Net Debt	0.37	0.67	0.74	0.41	0.56	0.45	0.56	-0.16		0.57	0.7	0.08	0.83	0.26	0.33	0.56	0.9	0.77	0.65	0.07	-0.38	0.73	0.39	0.44	-0.05	0.64
Retained Earnings	0.64	0.97	0.89	0.81	0.96	0.98	0.94	-0.04	0.57		0.94	0.78	0.71	0.81	0.91	0.83	0.66	0.88	0.95	0.7	-0.09	0.88	0.9	0.95	0.63	0.79
Accounts Payable	0.52	0.96	0.93	0.75	0.91	0.89	0.89	-0.28	0.7	0.94		0.59	0.82	0.66	0.81	0.79	0.8	0.93	0.93	0.48	-0.14	0.92	0.78	0.86	0.51	0.86
Cash	0.44	0.67	0.52	0.63	0.75	0.84	0.72	0.2	0.08	0.78	0.59		0.2	0.89	0.89	0.66	0.17	0.51	0.67	0.91	0.06	0.51	0.86	0.86	0.82	0.59
Non Current Assets Total	0.6	0.8	0.79	0.51	0.69	0.64	0.68	-0.38	0.83	0.71	0.82	0.2		0.27	0.45	0.67	0.93	0.81	0.75	0.09	-0.13	0.8	0.46	0.54	0.18	0.7
Non Currrent Assets Other	0.34	0.75	0.71	0.86	0.84	0.83	0.85	0.19	0.26	0.81	0.66	0.89	0.27		0.93	0.49	0.28	0.69	0.79	0.95	-0.13	0.7	0.97	0.93	0.7	0.63
Cash And Short Term Investments	0.44	0.86	0.8	0.83	0.9	0.9	0.89	0.02	0.33	0.91	0.81	0.89	0.45	0.93		0.67	0.41	0.78	0.87	0.81	-0.17	0.79	0.94	0.98	0.72	0.74
Net Receivables	0.62	0.81	0.63	0.4	0.74	0.81	0.66	0.03	0.56	0.83	0.79	0.66	0.67	0.49	0.67		0.65	0.66	0.74	0.44	-0.04	0.63	0.61	0.72	0.48	0.74
Good Will	0.36	0.77	0.82	0.53	0.7	0.56	0.68	-0.24	0.9	0.66	0.8	0.17	0.93	0.28	0.41	0.65		0.83	0.77	0.1	-0.27	0.82	0.47	0.53	0.08	0.72
Non Current Liabilities Total	0.45	0.96	1.0	0.84	0.92	0.8	0.93	-0.21	0.77	0.88	0.93	0.51	0.81	0.69	0.78	0.66	0.83		0.96	0.48	-0.33	0.99	0.81	0.85	0.38	0.84
Inventory	0.49	0.98	0.97	0.89	0.99	0.9	0.98	-0.04	0.65	0.95	0.93	0.67	0.75	0.79	0.87	0.74	0.77	0.96		0.63	-0.24	0.97	0.9	0.94	0.51	0.83
Other Current Assets	0.33	0.59	0.5	0.73	0.72	0.76	0.72	0.33	0.07	0.7	0.48	0.91	0.09	0.95	0.81	0.44	0.1	0.48	0.63		0.08	0.48	0.89	0.81	0.76	0.48
Other Stockholder Equity	0.06	-0.17	-0.32	-0.15	-0.14	0.1	-0.17	-0.19	-0.38	-0.09	-0.14	0.06	-0.13	-0.13	-0.17	-0.04	-0.27	-0.33	-0.24	0.08		-0.34	-0.15	-0.19	0.41	-0.12
Total Liab	0.43	0.95	1.0	0.87	0.93	0.8	0.95	-0.17	0.73	0.88	0.92	0.51	0.8	0.7	0.79	0.63	0.82	0.99	0.97	0.48	-0.34		0.82	0.86	0.38	0.82
Property Plant And Equipment Gross	0.44	0.87	0.83	0.92	0.94	0.9	0.95	0.14	0.39	0.9	0.78	0.86	0.46	0.97	0.94	0.61	0.47	0.81	0.9	0.89	-0.15	0.82		0.97	0.68	0.71
Total Current Assets	0.48	0.92	0.86	0.88	0.96	0.93	0.95	0.05	0.44	0.95	0.86	0.86	0.54	0.93	0.98	0.72	0.53	0.85	0.94	0.81	-0.19	0.86	0.97		0.68	0.78
Short Term Debt	0.29	0.54	0.41	0.54	0.61	0.75	0.59	0.01	-0.05	0.63	0.51	0.82	0.18	0.7	0.72	0.48	0.08	0.38	0.51	0.76	0.41	0.38	0.68	0.68		0.53
Other Liab	0.31	0.85	0.82	0.65	0.82	0.77	0.79	-0.28	0.64	0.79	0.86	0.59	0.7	0.63	0.74	0.74	0.72	0.84	0.83	0.48	-0.12	0.82	0.71	0.78	0.53

Click cells to compare fundamentals

Fomento Economico Account Relationship Matchups

Fomento Economico fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	637.5B	684.8B	737.5B	798.8B	805.8B	846.1B
Short Long Term Debt Total	172.6B	247.0B	246.9B	280.6B	232.9B	244.5B
Other Current Liab	112.0B	100.7B	122.8B	143.4B	162.6B	170.8B
Total Current Liabilities	136.5B	118.4B	136.7B	176.9B	186.3B	195.6B
Total Stockholder Equity	325.8B	237.7B	262.6B	262.6B	379.1B	398.1B
Property Plant And Equipment Net	167.2B	167.9B	172.1B	218.0B	227.3B	238.6B
Current Deferred Revenue	(75.8B)	(73.1B)	(91.4B)	9.7B	8.7B	9.1B
Net Debt	46.4B	76.3B	87.1B	103.9B	67.8B	39.1B
Retained Earnings	229.8B	215.6B	238.3B	251.2B	304.7B	319.9B
Accounts Payable	76.7B	75.2B	93.4B	78.4B	81.5B	85.6B
Cash	65.6B	44.0B	32.1B	39.6B	165.1B	173.4B
Non Current Assets Total	465.0B	483.6B	506.8B	572.2B	449.6B	246.6B
Non Currrent Assets Other	53.7B	62.0B	69.2B	60.2B	196.0B	205.8B
Cash And Short Term Investments	77.9B	109.0B	121.8B	83.5B	191.8B	201.4B
Net Receivables	29.6B	23.8B	28.6B	37.1B	38.9B	40.8B
Good Will	47.9B	48.0B	57.4B	85.7B	45.5B	24.4B
Liabilities And Stockholders Equity	711.3B	684.8B	737.5B	798.8B	805.8B	846.1B
Non Current Liabilities Total	175.3B	259.1B	266.0B	286.1B	240.4B	252.4B
Inventory	41.0B	44.0B	50.9B	62.2B	58.2B	61.1B
Other Current Assets	24.0B	2.9B	2.7B	11.7B	67.3B	70.7B
Other Stockholder Equity	91.9B	973.0M	3.1B	(9.6B)	18.0B	21.9B
Total Liab	311.8B	447.1B	474.9B	536.2B	426.7B	448.0B
Property Plant And Equipment Gross	167.2B	167.9B	172.1B	218.0B	338.5B	355.4B
Total Current Assets	172.6B	201.3B	230.7B	226.4B	356.2B	374.0B
Accumulated Other Comprehensive Income	685M	(843M)	3.1B	(9.6B)	(21.7B)	(20.7B)
Short Term Debt	23.6B	15.6B	2.0B	1.9B	23.6B	24.8B
Other Liab	26.2B	27.8B	31.1B	29.5B	33.9B	35.6B
Other Assets	39.3B	27.9B	49.6B	52.9B	60.8B	63.9B
Long Term Debt	95.7B	179.9B	185.9B	173.4B	128.4B	134.8B
Intangible Assets	98.7B	107.5B	100.8B	105.1B	98.5B	74.1B
Property Plant Equipment	167.2B	167.9B	172.1B	218.0B	250.7B	263.2B
Short Term Investments	12.4B	1.3B	24.4B	51M	26.7B	28.1B
Net Tangible Assets	104.5B	81.5B	176.7B	71.1B	81.7B	83.4B
Long Term Investments	97.5B	98.3B	107.3B	103.7B	35.3B	33.6B
Short Long Term Debt	16.2B	8.8B	4.6B	16.3B	8.5B	12.1B
Long Term Debt Total	149.0B	231.4B	241.0B	254.6B	292.8B	162.8B
Capital Surpluse	18.2B	17.8B	17.9B	17.7B	20.4B	21.8B

Also Currently Popular

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.

C	Citigroup
GM	General Motors
F	Ford Motor

Additional Tools for Fomento Stock Analysis

When running Fomento Economico's price analysis, check to measure Fomento Economico's 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 Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Fomento Retained Earnings vs Accounts Payable Analysis

Retained Earnings vs Accounts Payable

Retained Earnings vs Accounts Payable Correlation Analysis

Correlation Coefficient

Retained Earnings

Accounts Payable

Fomento Economico fundamental ratios Correlations

Fomento Economico Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fomento Economico fundamental ratios Accounts

Also Currently Popular

Additional Tools for Fomento Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Non Current Liabilities Total
Inventory	+ 0.98	Total Assets

Other Stockholder Equity	- 0.38	Net Debt
Non Current Assets Total	- 0.38	Current Deferred Revenue
Total Liab	- 0.34	Other Stockholder Equity
Other Stockholder Equity	- 0.33	Non Current Liabilities Total
Other Stockholder Equity	- 0.32	Short Long Term Debt Total
Other Liab	- 0.28	Current Deferred Revenue