DNOW Stock | | | USD 15.05 0.08 0.53% |
Now financial indicator trend analysis is infinitely more than just investigating Now Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Now Inc is a good investment. Please check the relationship between Now Extraordinary Items and its Total Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now 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 persons.
Extraordinary Items vs Total Revenue
Extraordinary Items vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Now Inc Extraordinary Items account and
Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Now's Extraordinary Items and Total Revenue is -0.64. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Now Inc, assuming nothing else is changed. The correlation between historical values of Now's Extraordinary Items and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Now Inc are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Extraordinary Items i.e., Now's Extraordinary Items and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Extraordinary Items
Total Revenue
Total revenue comprises all receipts Now Inc 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.
Most indicators from Now's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Now 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now 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 persons.
At this time, Now's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 1.6
B in 2024, despite the fact that
Tax Provision is likely to grow to (104.5
M).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 357M | 506M | 535M | 432.1M | Total Revenue | 1.6B | 2.1B | 2.3B | 2.2B |
Now fundamental ratios Correlations
Click cells to compare fundamentals
Now Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Now fundamental ratios Accounts
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