| ABMINTLLTD | | | 68.84 0.88 1.26% |
ABM International financial indicator trend analysis is way more than just evaluating ABM International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABM International is a good investment. Please check the relationship between ABM International Net Borrowings and its Change In Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM International Limited. 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.
Net Borrowings vs Change In Working Capital
Net Borrowings vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ABM International Net Borrowings account and
Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ABM International's Net Borrowings and Change In Working Capital is -0.06. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of ABM International Limited, assuming nothing else is changed. The correlation between historical values of ABM International's Net Borrowings and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of ABM International Limited are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Borrowings i.e., ABM International's Net Borrowings and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from ABM International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABM International 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 ABM International Limited. 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.
Selling General Administrative is expected to rise to about 3
M this year, although the value of
Tax Provision is projected to rise to (11.1
M).
ABM International fundamental ratios Correlations
Click cells to compare fundamentals
ABM International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ABM International fundamental ratios Accounts
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Other Information on Investing in ABM Stock
Balance Sheet is a snapshot of the
financial position of ABM International at a specified time, usually calculated after every quarter, six months, or one year. ABM International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ABM International 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 ABM currently owns. An asset can also be divided into two categories, current and non-current.