| 0QYR Stock | | | 1,479 57.00 3.71% |
Panasonic Corp financial indicator trend analysis is much more than just breaking down Panasonic Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Panasonic Corp is a good investment. Please check the relationship between Panasonic Corp Total Current Liabilities and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Panasonic 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 Liabilities vs Depreciation And Amortization
Total Current Liabilities vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Panasonic Corp Total Current Liabilities account and
Depreciation And Amortization. At this time, the significance of the direction appears to have very week relationship.
The correlation between Panasonic Corp's Total Current Liabilities and Depreciation And Amortization is 0.21. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Panasonic Corp, assuming nothing else is changed. The correlation between historical values of Panasonic Corp's Total Current Liabilities and Depreciation And Amortization 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 Liabilities of Panasonic Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Liabilities i.e., Panasonic Corp's Total Current Liabilities and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Panasonic Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Panasonic Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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.
Most indicators from Panasonic Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Panasonic 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 Panasonic 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.
Tax Provision is likely to gain to about 75.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.9
T in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Total Revenue | 7.4T | 8.4T | 8.5T | 8.4T | Depreciation And Amortization | 339.1B | 382.3B | 400.0B | 356.8B |
Panasonic Corp fundamental ratios Correlations
Click cells to compare fundamentals
Panasonic Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Panasonic Corp fundamental ratios Accounts
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Additional Tools for Panasonic Stock Analysis
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