British Change To Inventory vs Net Borrowings Analysis
| 0A76 Stock | 38.03 0.46 1.22% |
British American financial indicator trend analysis is way more than just evaluating British American Tobacco prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether British American Tobacco is a good investment. Please check the relationship between British American Change To Inventory and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Change To Inventory vs Net Borrowings
Change To Inventory vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of British American Tobacco Change To Inventory account and Net Borrowings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between British American's Change To Inventory and Net Borrowings is -0.2. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of British American Tobacco, assuming nothing else is changed. The correlation between historical values of British American's Change To Inventory and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of British American Tobacco are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Inventory i.e., British American's Change To Inventory and Net Borrowings go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from British American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into British American Tobacco 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 British American Tobacco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 11.0B | 11.7B | 13.4B | 12.1B | Other Operating Expenses | 5.3B | 6.4B | 5.8B | 4.9B |
British American fundamental ratios Correlations
Click cells to compare fundamentals
British American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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