Hanryu Payables Turnover vs Capex To Revenue Analysis
HRYU Stock | 0.24 0.01 4.35% |
Hanryu Holdings, financial indicator trend analysis is much more than just examining Hanryu Holdings, Common latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hanryu Holdings, Common is a good investment. Please check the relationship between Hanryu Holdings, Payables Turnover and its Capex To Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanryu Holdings, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Payables Turnover vs Capex To Revenue
Payables Turnover vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hanryu Holdings, Common Payables Turnover account and Capex To Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hanryu Holdings,'s Payables Turnover and Capex To Revenue is 0.71. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Hanryu Holdings, Common, assuming nothing else is changed. The correlation between historical values of Hanryu Holdings,'s Payables Turnover and Capex To 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 Payables Turnover of Hanryu Holdings, Common are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Payables Turnover i.e., Hanryu Holdings,'s Payables Turnover and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Most indicators from Hanryu Holdings,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hanryu Holdings, Common 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 Hanryu Holdings, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. Issuance Of Capital Stock is likely to gain to about 10.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 266.0K | 8.9K | 12.0K | 11.4K | Depreciation And Amortization | 117.6K | 470.5K | 541.0K | 568.1K |
Hanryu Holdings, fundamental ratios Correlations
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Hanryu Holdings, Account Relationship Matchups
High Positive Relationship
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