CASY Stock | | | USD 416.40 2.45 0.59% |
Caseys General financial indicator trend analysis is way more than just evaluating Caseys General Stores prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caseys General Stores is a good investment. Please check the relationship between Caseys General Ebitda and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Caseys General Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Ebitda vs Other Operating Expenses
Ebitda vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Caseys General Stores Ebitda account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Caseys General's Ebitda and Other Operating Expenses is 0.94. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Caseys General Stores, assuming nothing else is changed. The correlation between historical values of Caseys General's Ebitda and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Caseys General Stores are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Ebitda i.e., Caseys General's Ebitda and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebitda
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Caseys General Stores. It is also known as Caseys General overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Caseys General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caseys General Stores 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 Caseys General Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Caseys General's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.14 in 2024, whereas
Tax Provision is likely to drop slightly above 92.5
M in 2024.
Caseys General fundamental ratios Correlations
Click cells to compare fundamentals
Caseys General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Caseys General fundamental ratios Accounts
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