National Total Current Assets vs Selling General Administrative Analysis

0K50 Stock   49.19  1.19  2.48%   
National Beverage financial indicator trend analysis is infinitely more than just investigating National Beverage Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Beverage Corp is a good investment. Please check the relationship between National Beverage Total Current Assets and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. 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.

Total Current Assets vs Selling General Administrative

Total Current Assets vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Beverage Corp Total Current Assets account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between National Beverage's Total Current Assets and Selling General Administrative is 0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of National Beverage Corp, assuming nothing else is changed. The correlation between historical values of National Beverage's Total Current Assets and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of National Beverage Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Assets i.e., National Beverage's Total Current Assets and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Selling General Administrative

Most indicators from National Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Beverage Corp 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 National Beverage Corp. 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.
Selling General Administrative is likely to drop to about 74.6 M in 2024. Tax Provision is likely to drop to about 40.4 M in 2024
 2010 2011 2021 2024 (projected)
Total Revenue402.1M1.1B1.2B1.1B
Depreciation And Amortization9.9M31.2M20.2M31.8M

National Beverage fundamental ratios Correlations

0.50.320.660.990.96-0.910.980.510.930.96-0.140.930.920.770.460.710.210.940.751.00.74-0.750.760.00.29
0.5-0.190.180.470.55-0.220.450.170.290.550.340.290.60.291.00.770.90.570.520.480.48-0.310.29-0.750.84
0.32-0.190.910.210.51-0.160.190.930.140.5-0.980.140.530.83-0.270.48-0.020.540.720.26-0.38-0.830.840.11-0.24
0.660.180.910.550.81-0.430.530.980.440.81-0.810.440.840.990.10.770.230.840.940.59-0.03-0.990.99-0.060.05
0.990.470.210.550.91-0.961.00.380.970.91-0.030.970.860.670.430.60.120.870.641.00.82-0.650.660.080.25
0.960.550.510.810.91-0.780.90.710.81.0-0.330.80.990.90.490.850.361.00.910.930.54-0.890.89-0.140.33
-0.91-0.22-0.16-0.43-0.96-0.78-0.96-0.24-1.0-0.780.0-1.0-0.7-0.55-0.19-0.360.16-0.73-0.45-0.94-0.830.52-0.53-0.33-0.03
0.980.450.190.531.00.9-0.960.360.980.9-0.010.980.840.650.410.580.10.860.621.00.83-0.630.640.10.24
0.510.170.930.980.380.71-0.240.360.250.71-0.860.250.750.940.090.760.310.750.910.44-0.2-0.950.95-0.160.06
0.930.290.140.440.970.8-1.00.980.250.80.021.00.730.560.260.41-0.090.750.480.960.85-0.530.540.270.1
0.960.550.50.810.911.0-0.780.90.710.8-0.330.80.990.890.490.850.371.00.90.930.54-0.890.89-0.150.34
-0.140.34-0.98-0.81-0.03-0.330.0-0.01-0.860.02-0.330.02-0.36-0.710.41-0.330.11-0.37-0.59-0.080.530.71-0.72-0.160.35
0.930.290.140.440.970.8-1.00.980.251.00.80.020.730.560.260.41-0.090.750.480.960.85-0.530.540.270.1
0.920.60.530.840.860.99-0.70.840.750.730.99-0.360.730.910.540.910.461.00.940.890.47-0.910.91-0.240.39
0.770.290.830.990.670.9-0.550.650.940.560.89-0.710.560.910.210.820.270.920.960.710.13-1.01.0-0.080.12
0.461.0-0.270.10.430.49-0.190.410.090.260.490.410.260.540.210.710.890.50.450.440.49-0.230.22-0.760.85
0.710.770.480.770.60.85-0.360.580.760.410.85-0.330.410.910.820.710.760.890.940.640.23-0.830.83-0.570.59
0.210.9-0.020.230.120.360.160.10.31-0.090.370.11-0.090.460.270.890.760.410.520.160.05-0.30.29-0.90.8
0.940.570.540.840.871.0-0.730.860.750.751.0-0.370.751.00.920.50.890.410.940.90.48-0.910.91-0.190.36
0.750.520.720.940.640.91-0.450.620.910.480.9-0.590.480.940.960.450.940.520.940.690.15-0.970.97-0.330.34
1.00.480.260.591.00.93-0.941.00.440.960.93-0.080.960.890.710.440.640.160.90.690.79-0.70.70.050.26
0.740.48-0.38-0.030.820.54-0.830.83-0.20.850.540.530.850.470.130.490.230.050.480.150.79-0.110.120.080.32
-0.75-0.31-0.83-0.99-0.65-0.890.52-0.63-0.95-0.53-0.890.71-0.53-0.91-1.0-0.23-0.83-0.3-0.91-0.97-0.7-0.11-1.00.12-0.15
0.760.290.840.990.660.89-0.530.640.950.540.89-0.720.540.911.00.220.830.290.910.970.70.12-1.0-0.10.13
0.0-0.750.11-0.060.08-0.14-0.330.1-0.160.27-0.15-0.160.27-0.24-0.08-0.76-0.57-0.9-0.19-0.330.050.080.12-0.1-0.91
0.290.84-0.240.050.250.33-0.030.240.060.10.340.350.10.390.120.850.590.80.360.340.260.32-0.150.13-0.91
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National Beverage Account Relationship Matchups

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