COTY Stock | | | USD 7.39 0.02 0.27% |
Coty financial indicator trend analysis is way more than just evaluating Coty Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coty Inc is a good investment. Please check the relationship between Coty Payables Turnover and its Income Quality accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Payables Turnover vs Income Quality
Payables Turnover vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coty Inc Payables Turnover account and
Income Quality. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Coty's Payables Turnover and Income Quality is -0.08. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Income Quality in the same time period over historical financial statements of Coty Inc, assuming nothing else is changed. The correlation between historical values of Coty's Payables Turnover and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Coty Inc are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Payables Turnover i.e., Coty's Payables Turnover and Income Quality go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Coty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coty Inc 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 Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Coty's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 373.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
B in 2024.
Coty fundamental ratios Correlations
Click cells to compare fundamentals
Coty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coty fundamental ratios Accounts
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Additional Tools for Coty Stock Analysis
When running Coty's price analysis, check to
measure Coty'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 Coty is operating at the current time. Most of Coty's value examination focuses on studying past and present price action to
predict the probability of Coty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coty's price. Additionally, you may evaluate how the addition of Coty to your portfolios can decrease your overall portfolio volatility.