British Net Borrowings vs Change To Inventory Analysis
| 0A76 Stock | 37.12 0.14 0.38% |
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 Net Borrowings and its Change To Inventory 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.
Net Borrowings vs Change To Inventory
Net Borrowings vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of British American Tobacco Net Borrowings account and Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between British American's Net Borrowings and Change To Inventory is -0.2. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Inventory 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 Net Borrowings and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of British American Tobacco are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Borrowings i.e., British American's Net Borrowings and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain 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
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British American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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