BP-B Stock | | | 155.00 6.00 4.03% |
BP Plc financial indicator trend analysis is way more than just evaluating BP plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BP plc is a good investment. Please check the relationship between BP Plc Accounts Payable and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BP 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.
Accounts Payable vs Other Current Liab
Accounts Payable vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BP plc Accounts Payable account and
Other Current Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between BP Plc's Accounts Payable and Other Current Liab is 0.09. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of BP plc, assuming nothing else is changed. The correlation between historical values of BP Plc's Accounts Payable and Other Current Liab 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 BP plc are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., BP Plc's Accounts Payable and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents BP Plc 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 BP plc 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.
Other Current Liab
Most indicators from BP Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BP 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 BP 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.
Selling General Administrative is likely to drop to about 13.6
B in 2024.
Tax Provision is likely to drop to about 6.4
B in 2024
BP Plc fundamental ratios Correlations
Click cells to compare fundamentals
BP Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BP Plc fundamental ratios Accounts
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Additional Tools for BP-B Stock Analysis
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measure BP 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 BP Plc is operating at the current time. Most of BP Plc's value examination focuses on studying past and present price action to
predict the probability of BP 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 BP Plc's price. Additionally, you may evaluate how the addition of BP Plc to your portfolios can decrease your overall portfolio volatility.