0KET Stock | | | 115.60 0.16 0.14% |
Paccar financial indicator trend analysis is much more than just breaking down Paccar Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paccar Inc is a good investment. Please check the relationship between Paccar Current Deferred Revenue and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Paccar Inc. 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.
Current Deferred Revenue vs Non Currrent Assets Other
Current Deferred Revenue vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Paccar Inc Current Deferred Revenue account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have no relationship.
The correlation between Paccar's Current Deferred Revenue and Non Currrent Assets Other is 0.09. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Paccar Inc, assuming nothing else is changed. The correlation between historical values of Paccar's Current Deferred Revenue and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Paccar Inc are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Current Deferred Revenue i.e., Paccar's Current Deferred Revenue and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Paccar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paccar Inc 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 Paccar Inc. 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.
Tax Provision is likely to drop to about 461.4
M in 2024.
Selling General Administrative is likely to drop to about 712.3
M in 2024
Paccar fundamental ratios Correlations
Click cells to compare fundamentals
Paccar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paccar fundamental ratios Accounts
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Additional Tools for Paccar Stock Analysis
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measure Paccar'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 Paccar is operating at the current time. Most of Paccar's value examination focuses on studying past and present price action to
predict the probability of Paccar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paccar's price. Additionally, you may evaluate how the addition of Paccar to your portfolios can decrease your overall portfolio volatility.