| GLOBUSSPR | | | 843.15 25.45 3.11% |
Globus Spirits financial indicator trend analysis is much more than just examining Globus Spirits latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globus Spirits is a good investment. Please check the relationship between Globus Spirits Accounts Payable and its Net Receivables accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Spirits Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Globus Spirits Accounts Payable account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Globus Spirits' Accounts Payable and Net Receivables is 0.97. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Globus Spirits Limited, assuming nothing else is changed. The correlation between historical values of Globus Spirits' Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Globus Spirits Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Globus Spirits' Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Globus Spirits obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Globus Spirits are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Receivables
Most indicators from Globus Spirits' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globus Spirits 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Spirits Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Issuance Of Capital Stock is likely to gain to about 207.9
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 126.6
M in 2024.
Globus Spirits fundamental ratios Correlations
Click cells to compare fundamentals
Globus Spirits Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globus Spirits fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Globus Stock Analysis
When running Globus Spirits' price analysis, check to
measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to
predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.