Newegg Retained Earnings vs Total Current Liabilities Analysis
| NEGG Stock | USD 0.66 0.03 4.76% |
Newegg Commerce financial indicator trend analysis is infinitely more than just investigating Newegg Commerce recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newegg Commerce is a good investment. Please check the relationship between Newegg Commerce Retained Earnings and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newegg Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Newegg Stock please use our How to Invest in Newegg Commerce guide.
Retained Earnings vs Total Current Liabilities
Retained Earnings vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newegg Commerce Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Newegg Commerce's Retained Earnings and Total Current Liabilities is -0.65. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Newegg Commerce, assuming nothing else is changed. The correlation between historical values of Newegg Commerce's Retained Earnings and Total Current Liabilities 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 Newegg Commerce are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Newegg Commerce's Retained Earnings and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.65 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.Total Current Liabilities
Total Current Liabilities is an item on Newegg Commerce balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Newegg Commerce are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Newegg Commerce's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newegg Commerce 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 Newegg Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Newegg Stock please use our How to Invest in Newegg Commerce guide.The Newegg Commerce's current Enterprise Value is estimated to increase to about 3.6 B, while Selling General Administrative is projected to decrease to roughly 201.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 612K | 685K | 2.5M | 2.4M | Depreciation And Amortization | 11.1M | 11.0M | 13.4M | 14.1M |
Newegg Commerce fundamental ratios Correlations
Click cells to compare fundamentals
Newegg Commerce Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newegg Commerce fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.3M | 557.5M | 626.6M | 542.1M | 514.2M | 539.9M | |
| Short Long Term Debt Total | 1.2M | 56.4M | 107.2M | 96.8M | 90.6M | 95.1M | |
| Other Current Liab | 1.5M | 83.9M | 74.7M | 51.0M | 43.0M | 45.2M | |
| Total Current Liabilities | 3.2M | 388.1M | 356.3M | 309.8M | 296.5M | 311.4M | |
| Total Stockholder Equity | (1.3M) | 127.5M | 182.3M | 155.2M | 144.6M | 151.8M | |
| Property Plant And Equipment Net | 656.8K | 93.0M | 144.7M | 129.2M | 138.6M | 145.6M | |
| Net Debt | 1.2M | (100.3M) | 7.2M | (25.7M) | (15.9M) | (15.1M) | |
| Retained Earnings | (44.6M) | (50.5M) | (14.3M) | (71.7M) | (130.7M) | (124.2M) | |
| Accounts Payable | 226.2K | 241.5M | 220.8M | 207.1M | 206.6M | 216.9M | |
| Cash | 22.8K | 156.6M | 100.0M | 122.6M | 106.5M | 111.8M | |
| Non Current Assets Total | 656.8K | 128.9M | 187.6M | 151.3M | 169.8M | 178.3M | |
| Cash And Short Term Investments | 166.3K | 156.6M | 100.0M | 122.6M | 106.5M | 111.8M | |
| Net Receivables | 399.2K | 67.3M | 63.7M | 88.7M | 83.6M | 87.8M | |
| Common Stock Shares Outstanding | 106.1K | 385.0M | 432.3M | 373.1M | 378.6M | 397.5M | |
| Liabilities And Stockholders Equity | 2.3M | 557.5M | 626.6M | 542.1M | 514.2M | 539.9M | |
| Inventory | 1.1M | 182.1M | 245.1M | 156.0M | 136.2M | 143.0M | |
| Other Current Assets | 18.9K | 5.8M | 7.9M | 5.6M | 18.2M | 19.1M | |
| Other Stockholder Equity | (147.0M) | 167.0M | 182.4M | 217.6M | 266.8M | 280.1M | |
| Total Liab | 3.6M | 430.0M | 444.3M | 386.9M | 369.7M | 388.1M | |
| Property Plant And Equipment Gross | 656.8K | 75.7K | 234.4M | 129.2M | 221.6M | 232.7M | |
| Total Current Assets | 1.7M | 428.6M | 439.0M | 390.8M | 344.5M | 361.7M | |
| Accumulated Other Comprehensive Income | 2.4M | 3.1M | 6.1M | 1.1M | 194K | 184.3K | |
| Current Deferred Revenue | 267.4K | 47.4M | 39.8M | 31.0M | 25.6M | 24.3M | |
| Non Current Liabilities Total | 389.6K | 41.9M | 88.0M | 77.1M | 73.1M | 88.9M | |
| Short Term Debt | 1.2M | 15.3M | 21.1M | 20.6M | 21.3M | 20.3M | |
| Capital Surpluse | 39.2M | 40.6M | 40.8M | 48.0M | 55.2M | 45.3M | |
| Property Plant Equipment | 85.2M | 93.0M | 144.7M | 129.2M | 148.6M | 80.4M | |
| Other Liab | 741K | 749K | 1.8M | 863K | 776.7K | 923.5K | |
| Net Tangible Assets | (95.8M) | (60.3M) | 182.3M | 155.2M | 178.5M | 187.4M | |
| Other Assets | 7.5M | 11.2M | 25.6M | 10.8M | 1.0 | 0.95 |
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When determining whether Newegg Commerce is a strong investment it is important to analyze Newegg Commerce'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 Newegg Commerce's future performance. For an informed investment choice regarding Newegg Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newegg Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Newegg Stock please use our How to Invest in Newegg Commerce guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Computer & Electronics Retail space 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 Newegg Commerce. If investors know Newegg 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 Newegg Commerce 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 (0.41) | Earnings Share (0.15) | Revenue Per Share 3.588 | Quarterly Revenue Growth (0.14) | Return On Assets (0.10) |
The market value of Newegg Commerce is measured differently than its book value, which is the value of Newegg that is recorded on the company's balance sheet. Investors also form their own opinion of Newegg Commerce's value that differs from its market value or its book value, called intrinsic value, which is Newegg Commerce'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 Newegg Commerce's market value can be influenced by many factors that don't directly affect Newegg Commerce'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 Newegg Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newegg Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newegg Commerce'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.