JBMA Stock | | | 1,545 22.75 1.45% |
JBM Auto financial indicator trend analysis is infinitely more than just investigating JBM Auto Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JBM Auto Limited is a good investment. Please check the relationship between JBM Auto Non Current Assets Total and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JBM Auto 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 board of governors.
Non Current Assets Total vs Inventory
Non Current Assets Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JBM Auto Limited Non Current Assets Total account and
Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between JBM Auto's Non Current Assets Total and Inventory is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Inventory in the same time period over historical financial statements of JBM Auto Limited, assuming nothing else is changed. The correlation between historical values of JBM Auto's Non Current Assets Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of JBM Auto Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Assets Total i.e., JBM Auto's Non Current Assets Total and Inventory go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Inventory
Most indicators from JBM Auto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JBM Auto Limited 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 JBM Auto 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 board of governors.
Selling General Administrative is likely to gain to about 1.2
B in 2024, whereas
Tax Provision is likely to drop slightly above 411.8
M in 2024.
JBM Auto fundamental ratios Correlations
Click cells to compare fundamentals
JBM Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JBM Auto fundamental ratios Accounts
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measure JBM Auto'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 JBM Auto is operating at the current time. Most of JBM Auto's value examination focuses on studying past and present price action to
predict the probability of JBM Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JBM Auto's price. Additionally, you may evaluate how the addition of JBM Auto to your portfolios can decrease your overall portfolio volatility.