0KFU Stock | | | 15.60 0.12 0.78% |
Park Hotels financial indicator trend analysis is much more than just breaking down Park Hotels Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Park Hotels Resorts is a good investment. Please check the relationship between Park Hotels Depreciation And Amortization and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Park Hotels Resorts. 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.
Depreciation And Amortization vs Property Plant Equipment
Depreciation And Amortization vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Park Hotels Resorts Depreciation And Amortization account and
Property Plant Equipment. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Park Hotels' Depreciation And Amortization and Property Plant Equipment is -0.11. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Park Hotels Resorts, assuming nothing else is changed. The correlation between historical values of Park Hotels' Depreciation And Amortization and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Park Hotels Resorts are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Depreciation And Amortization i.e., Park Hotels' Depreciation And Amortization and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Property Plant Equipment
Most indicators from Park Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Park Hotels Resorts 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 Park Hotels Resorts. 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 58.1
M in 2024.
Tax Provision is likely to gain to about (5.1
M) in 2024
| 2021 | 2022 | 2024 (projected) |
Interest Expense | 258M | 247M | 206.4M | Depreciation And Amortization | 1.5B | 2.2B | 272.7M |
Park Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Park Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Park Hotels fundamental ratios Accounts
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