Fitell Other Current Assets vs Current Deferred Revenue Analysis
| FTEL Stock | 23.85 1.38 5.47% |
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 Other Current Assets and its Current Deferred Revenue 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.
Other Current Assets vs Current Deferred Revenue
Other Current Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fitell Ordinary Other Current Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fitell Ordinary's Other Current Assets and Current Deferred Revenue is -0.58. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Current Deferred Revenue 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 Other Current Assets and Current Deferred 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 Other Current Assets of Fitell Ordinary are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Current Assets i.e., Fitell Ordinary's Other Current Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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.