BLS Stock | | | 390.15 5.20 1.32% |
BLS International financial indicator trend analysis is way more than just evaluating BLS International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BLS International is a good investment. Please check the relationship between BLS International Total Revenue and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BLS International Services. 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.
Total Revenue vs Depreciation And Amortization
Total Revenue vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BLS International Total Revenue account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between BLS International's Total Revenue and Depreciation And Amortization is 0.63. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of BLS International Services, assuming nothing else is changed. The correlation between historical values of BLS International's Total Revenue and Depreciation And Amortization 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 BLS International Services are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Revenue i.e., BLS International's Total Revenue and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts BLS International 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.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from BLS International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BLS 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 BLS International Services. 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 present, BLS International's
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.8B | 4.9B | 5.0B | 2.6B | Total Revenue | 8.5B | 15.2B | 16.8B | 8.9B |
BLS International fundamental ratios Correlations
Click cells to compare fundamentals
BLS International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BLS International fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in BLS Stock
Balance Sheet is a snapshot of the
financial position of BLS International at a specified time, usually calculated after every quarter, six months, or one year. BLS International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BLS 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 BLS currently owns. An asset can also be divided into two categories, current and non-current.