| 0RTE Stock | | | 4.25 0.01 0.23% |
METRO AG financial indicator trend analysis is infinitely more than just investigating METRO AG recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether METRO AG is a good investment. Please check the relationship between METRO AG Total Assets and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in METRO AG. 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 Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
METRO AG Total Assets account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between METRO AG's Total Assets and Accounts Payable is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of METRO AG, assuming nothing else is changed. The correlation between historical values of METRO AG's Total Assets and Accounts Payable 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 Assets of METRO AG are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., METRO AG's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of METRO AG assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in METRO AG books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents METRO AG obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of METRO AG are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from METRO AG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into METRO AG 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 METRO AG. 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.
At this time, METRO AG's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 731.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 72.7
M in 2024.
METRO AG fundamental ratios Correlations
Click cells to compare fundamentals
METRO AG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
METRO AG fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for METRO Stock Analysis
When running METRO AG's price analysis, check to
measure METRO AG'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 METRO AG is operating at the current time. Most of METRO AG's value examination focuses on studying past and present price action to
predict the probability of METRO AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METRO AG's price. Additionally, you may evaluate how the addition of METRO AG to your portfolios can decrease your overall portfolio volatility.