600323 Stock | | | 23.25 0.60 2.65% |
Grandblue Environment financial indicator trend analysis is much more than just examining Grandblue Environment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grandblue Environment is a good investment. Please check the relationship between Grandblue Environment Change To Account Receivables and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Grandblue Environment Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Change To Account Receivables vs Depreciation
Change To Account Receivables vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grandblue Environment Change To Account Receivables account and
Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Grandblue Environment's Change To Account Receivables and Depreciation is -0.85. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Depreciation in the same time period over historical financial statements of Grandblue Environment Co, assuming nothing else is changed. The correlation between historical values of Grandblue Environment's Change To Account Receivables and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Grandblue Environment Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Account Receivables i.e., Grandblue Environment's Change To Account Receivables and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Change To Account Receivables
Depreciation
Depreciation indicates how much of Grandblue Environment value has been used up. For tax purposes Grandblue Environment can deduct the cost of the tangible assets it purchases as business expenses. However, Grandblue Environment Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Grandblue Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grandblue Environment 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 Grandblue Environment Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 297.1
M, whereas
Tax Provision is forecasted to decline to about 264.9
M.
Grandblue Environment fundamental ratios Correlations
Click cells to compare fundamentals
Grandblue Environment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grandblue Environment fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Grandblue Stock
Balance Sheet is a snapshot of the
financial position of Grandblue Environment at a specified time, usually calculated after every quarter, six months, or one year. Grandblue Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Grandblue Environment and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Grandblue currently owns. An asset can also be divided into two categories, current and non-current.