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 Total Revenue and its Non Current Assets Total 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.
Total Revenue vs Non Current Assets Total
Total Revenue vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Offshore Oil Engineering Total Revenue account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Offshore Oil's Total Revenue and Non Current Assets Total is 0.75. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total 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 Total Revenue and Non Current Assets Total 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 Revenue of Offshore Oil Engineering are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., Offshore Oil's Total Revenue and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Offshore Oil Engineering generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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
M | 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 998.3M | 1.0B | 1.7B | 1.3B | Total Revenue | 19.8B | 29.4B | 30.8B | 32.3B |
Offshore 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
Currently Active Assets on Macroaxis
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.