ABEV Stock | | | USD 2.19 0.04 1.86% |
Ambev SA financial indicator trend analysis is way more than just evaluating Ambev SA ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ambev SA ADR is a good investment. Please check the relationship between Ambev SA Total Other Income Expense Net and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambev SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Total Other Income Expense Net vs Total Revenue
Total Other Income Expense Net vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ambev SA ADR Total Other Income Expense Net account and
Total Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Ambev SA's Total Other Income Expense Net and Total Revenue is -0.87. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Ambev SA ADR, assuming nothing else is changed. The correlation between historical values of Ambev SA's Total Other Income Expense Net and Total Revenue 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 Other Income Expense Net of Ambev SA ADR are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Other Income Expense Net i.e., Ambev SA's Total Other Income Expense Net and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Total Other Income Expense Net
Total Revenue
Total revenue comprises all receipts Ambev SA ADR 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.
Most indicators from Ambev SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ambev SA ADR 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 Ambev SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Ambev SA's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 231.3
B in 2024, whereas
Tax Provision is likely to drop slightly above 71.7
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 37.2B | 39.3B | 37.6B | 20.0B | Total Revenue | 72.9B | 79.7B | 79.7B | 83.7B |
Ambev SA fundamental ratios Correlations
Click cells to compare fundamentals
Ambev SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ambev SA fundamental ratios Accounts
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Additional Tools for Ambev Stock Analysis
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