Stanley Inventory vs Other Current Liab Analysis

0L9E Stock   89.45  0.48  0.54%   
Stanley Black financial indicator trend analysis is much more than just breaking down Stanley Black Decker prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stanley Black Decker is a good investment. Please check the relationship between Stanley Black Inventory and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Stanley Black Decker. 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.

Inventory vs Other Current Liab

Inventory vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stanley Black Decker Inventory account and Other Current Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stanley Black's Inventory and Other Current Liab is 0.83. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Stanley Black Decker, assuming nothing else is changed. The correlation between historical values of Stanley Black's Inventory and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Stanley Black Decker are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Stanley Black's Inventory and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

Other Current Liab

Most indicators from Stanley Black's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stanley Black Decker 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 Stanley Black Decker. 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 gain to about 2.9 B in 2024. Tax Provision is likely to gain to about 262 M in 2024
 2016 2022 2023 2024 (projected)
Gross Profit4.3B4.1B4.1B4.8B
Total Revenue11.4B16.9B15.8B14.3B

Stanley Black fundamental ratios Correlations

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Stanley Black Account Relationship Matchups

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