BNZL Stock | | | 3,536 22.00 0.62% |
Bunzl PLC financial indicator trend analysis is way more than just evaluating Bunzl PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bunzl PLC is a good investment. Please check the relationship between Bunzl PLC Reconciled Depreciation and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bunzl PLC. 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.
Reconciled Depreciation vs Ebitda
Reconciled Depreciation vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bunzl PLC Reconciled Depreciation account and
Ebitda. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bunzl PLC's Reconciled Depreciation and Ebitda is 0.89. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Ebitda in the same time period over historical financial statements of Bunzl PLC, assuming nothing else is changed. The correlation between historical values of Bunzl PLC's Reconciled Depreciation and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Bunzl PLC are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Reconciled Depreciation i.e., Bunzl PLC's Reconciled Depreciation and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Reconciled Depreciation
Ebitda
Most indicators from Bunzl PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bunzl PLC 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 Bunzl PLC. 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.
Discontinued Operations is likely to gain to about 11.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 613.2
M in 2024.
Bunzl PLC fundamental ratios Correlations
Click cells to compare fundamentals
Bunzl PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bunzl PLC fundamental ratios Accounts
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Additional Tools for Bunzl Stock Analysis
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measure Bunzl PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bunzl PLC is operating at the current time. Most of Bunzl PLC's value examination focuses on studying past and present price action to
predict the probability of Bunzl PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bunzl PLC's price. Additionally, you may evaluate how the addition of Bunzl PLC to your portfolios can decrease your overall portfolio volatility.