Locafy Total Assets vs Current Deferred Revenue Analysis
| LCFY Stock | USD 7.00 0.25 3.70% |
Locafy financial indicator trend analysis is infinitely more than just investigating Locafy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Locafy is a good investment. Please check the relationship between Locafy Total Assets and its Current Deferred Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Locafy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Locafy Stock please use our How to Invest in Locafy guide.
Total Assets vs Current Deferred Revenue
Total Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Locafy Total Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Locafy's Total Assets and Current Deferred Revenue is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Locafy, assuming nothing else is changed. The correlation between historical values of Locafy's Total Assets and Current Deferred 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 Total Assets of Locafy are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Assets i.e., Locafy's Total Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Locafy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Locafy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Locafy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Locafy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Locafy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Locafy Stock please use our How to Invest in Locafy guide.At this time, Locafy's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 1.45 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 731.4 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 734.8K | 105.4K | 78.5K | 74.5K | Depreciation And Amortization | 852.4K | 1.4M | 1.6M | 816.2K |
Locafy fundamental ratios Correlations
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Locafy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Locafy's price analysis, check to measure Locafy'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 Locafy is operating at the current time. Most of Locafy's value examination focuses on studying past and present price action to predict the probability of Locafy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locafy's price. Additionally, you may evaluate how the addition of Locafy to your portfolios can decrease your overall portfolio volatility.