600583 Stock | | | 5.44 0.04 0.73% |
Offshore Oil financial indicator trend analysis is much more than just breaking down Offshore Oil Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Offshore Oil Engineering is a good investment. Please check the relationship between Offshore Oil Inventory and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Offshore Oil Engineering. 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.
Inventory vs Deferred Long Term Liab
Inventory vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Offshore Oil Engineering Inventory account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Offshore Oil's Inventory and Deferred Long Term Liab is -0.11. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Offshore Oil Engineering, assuming nothing else is changed. The correlation between historical values of Offshore Oil's Inventory and Deferred Long Term 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 Offshore Oil Engineering are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Inventory i.e., Offshore Oil's Inventory and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Offshore Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Offshore Oil Engineering 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 Offshore Oil Engineering. 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.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 78.9
M. In addition to that,
Tax Provision is expected to decline to about 225.4
MOffshore Oil fundamental ratios Correlations
Click cells to compare fundamentals
Offshore Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Offshore Oil fundamental ratios Accounts
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Other Information on Investing in Offshore Stock
Balance Sheet is a snapshot of the
financial position of Offshore Oil Engineering at a specified time, usually calculated after every quarter, six months, or one year. Offshore Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Offshore Oil 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 Offshore currently owns. An asset can also be divided into two categories, current and non-current.