Fitell Good Will vs Common Stock Shares Outstanding Analysis
| FTEL Stock | 28.10 1.10 4.07% |
Fitell Ordinary financial indicator trend analysis is much more than just examining Fitell Ordinary latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fitell Ordinary is a good investment. Please check the relationship between Fitell Ordinary Good Will and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fitell Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Fitell Stock please use our How to buy in Fitell Stock guide.
Good Will vs Common Stock Shares Outstanding
Good Will vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fitell Ordinary Good Will account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fitell Ordinary's Good Will and Common Stock Shares Outstanding is -0.68. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Fitell Ordinary, assuming nothing else is changed. The correlation between historical values of Fitell Ordinary's Good Will and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Fitell Ordinary are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Good Will i.e., Fitell Ordinary's Good Will and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Fitell Ordinary's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fitell Ordinary 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 Fitell Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Fitell Stock please use our How to buy in Fitell Stock guide.At this time, Fitell Ordinary's Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 2.15 this year, although the value of Tax Provision is projected to rise to (198.9 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 27.4K | 92.8K | 1.2M | 1.3M | Depreciation And Amortization | 214.2K | 12.3K | 294.6K | 309.3K |
Fitell Ordinary fundamental ratios Correlations
Click cells to compare fundamentals
Fitell Ordinary Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fitell Ordinary. If investors know Fitell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fitell Ordinary listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 0.435 | Quarterly Revenue Growth (0.30) | Return On Assets (0.22) | Return On Equity (0.58) |
The market value of Fitell Ordinary is measured differently than its book value, which is the value of Fitell that is recorded on the company's balance sheet. Investors also form their own opinion of Fitell Ordinary's value that differs from its market value or its book value, called intrinsic value, which is Fitell Ordinary's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fitell Ordinary's market value can be influenced by many factors that don't directly affect Fitell Ordinary's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fitell Ordinary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fitell Ordinary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fitell Ordinary's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.