Virgin Total Liab vs Net Receivables Analysis
GROV Stock | USD 1.36 0.03 2.16% |
Virgin Group financial indicator trend analysis is much more than just breaking down Virgin Group Acquisition prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virgin Group Acquisition is a good investment. Please check the relationship between Virgin Group Total Liab and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Virgin Group Acquisition. 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.
Total Liab vs Net Receivables
Total Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Virgin Group Acquisition Total Liab account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Virgin Group's Total Liab and Net Receivables is 0.34. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Virgin Group Acquisition, assuming nothing else is changed. The correlation between historical values of Virgin Group's Total Liab 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 Total Liab of Virgin Group Acquisition 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 Total Liab i.e., Virgin Group's Total Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Receivables
Most indicators from Virgin Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virgin Group Acquisition 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 Virgin Group Acquisition. 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, Virgin Group's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas Tax Provision is likely to drop slightly above 38 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 188.5M | 154.7M | 137.4M | 122.0M | Total Revenue | 383.7M | 321.5M | 259.3M | 261.9M |
Virgin Group fundamental ratios Correlations
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Virgin Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Virgin Group's price analysis, check to measure Virgin Group'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 Virgin Group is operating at the current time. Most of Virgin Group's value examination focuses on studying past and present price action to predict the probability of Virgin Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virgin Group's price. Additionally, you may evaluate how the addition of Virgin Group to your portfolios can decrease your overall portfolio volatility.