| LUCK Stock | | | CAD 66.00 1.00 1.49% |
Real Luck financial indicator trend analysis is much more than just breaking down Real Luck Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Real Luck Group is a good investment. Please check the relationship between Real Luck Net Receivables and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Real Luck Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Net Receivables vs Accounts Payable
Net Receivables vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Real Luck Group Net Receivables account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Real Luck's Net Receivables and Accounts Payable is 0.35. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Real Luck Group, assuming nothing else is changed. The correlation between historical values of Real Luck's Net Receivables and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Real Luck Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., Real Luck's Net Receivables and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Receivables
Accounts Payable
An accounting item on the balance sheet that represents Real Luck obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Real Luck Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Real Luck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Real Luck Group 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 Real Luck Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Tax Provision is likely to drop to 5,078 in 2024.
Selling General Administrative is likely to drop to about 8.5
M in 2024
Real Luck fundamental ratios Correlations
Click cells to compare fundamentals
Real Luck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Real Luck fundamental ratios Accounts
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