AZJ Stock | | | 3.40 0.02 0.58% |
Aurizon Holdings financial indicator trend analysis is way more than just evaluating Aurizon Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurizon Holdings is a good investment. Please check the relationship between Aurizon Holdings Accounts Payable and its Property Plant And Equipment Gross accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurizon Holdings. 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.
Accounts Payable vs Property Plant And Equipment Gross
Accounts Payable vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurizon Holdings Accounts Payable account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aurizon Holdings' Accounts Payable and Property Plant And Equipment Gross is -0.06. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Aurizon Holdings, assuming nothing else is changed. The correlation between historical values of Aurizon Holdings' Accounts Payable and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Aurizon Holdings are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Accounts Payable i.e., Aurizon Holdings' Accounts Payable and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Aurizon Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Aurizon Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Property Plant And Equipment Gross
Most indicators from Aurizon Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurizon Holdings 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 Aurizon Holdings. 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.
At this time, Aurizon Holdings'
Discontinued Operations is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 187.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 987
M in 2024.
Aurizon Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Aurizon Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurizon Holdings fundamental ratios Accounts
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Additional Tools for Aurizon Stock Analysis
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