Surge Payables Turnover vs Capex To Depreciation Analysis
| NILI Stock | CAD 0.38 0.02 5.00% |
Surge Battery financial indicator trend analysis is much more than just breaking down Surge Battery Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Battery Metals is a good investment. Please check the relationship between Surge Battery Payables Turnover and its Capex To Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Payables Turnover vs Capex To Depreciation
Payables Turnover vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Battery Metals Payables Turnover account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Surge Battery's Payables Turnover and Capex To Depreciation is -0.5. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Surge Battery Metals, assuming nothing else is changed. The correlation between historical values of Surge Battery's Payables Turnover and Capex To Depreciation 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 Surge Battery Metals are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Payables Turnover i.e., Surge Battery's Payables Turnover and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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 Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Surge Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Battery Metals 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 Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Surge Battery's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 10.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (11.20).
Surge Battery fundamental ratios Correlations
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