Holley Change To Inventory vs Change In Cash Analysis

HLLY Stock  USD 2.74  0.09  3.40%   
Holley financial indicator trend analysis is much more than just examining Holley Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holley Inc is a good investment. Please check the relationship between Holley Change To Inventory and its Change In Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley 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 bureau of economic analysis.

Change To Inventory vs Change In Cash

Change To Inventory vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holley Inc Change To Inventory account and Change In Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Holley's Change To Inventory and Change In Cash is 0.68. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Holley Inc, assuming nothing else is changed. The correlation between historical values of Holley's Change To Inventory and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Holley Inc are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Inventory i.e., Holley's Change To Inventory and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Change In Cash

Most indicators from Holley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holley 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley 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 bureau of economic analysis.
At this time, Holley's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, whereas Selling General Administrative is likely to drop slightly above 108.5 M in 2024.
 2021 2022 2023 2024 (projected)
EBIT126.9M118.5M87.2M86.3M
Other Operating Expenses565.9M630.8M565.7M454.6M

Holley fundamental ratios Correlations

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Holley Account Relationship Matchups

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