| NRT Stock | | | USD 4.35 0.15 3.57% |
North European financial indicator trend analysis is infinitely more than just investigating North European Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North European Oil is a good investment. Please check the relationship between North European Total Revenue and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North European Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Total Revenue vs Total Assets
Total Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North European Oil Total Revenue account and
Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between North European's Total Revenue and Total Assets is 0.29. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of North European Oil, assuming nothing else is changed. The correlation between historical values of North European's Total Revenue and Total Assets 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 Revenue of North European Oil are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., North European's Total Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts North European Oil generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Total Assets
Total assets refers to the total amount of North European 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 North European Oil 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.
Most indicators from North European's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North European Oil 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 North European Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, North European's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 8.25 in 2024, whereas
Selling General Administrative is likely to drop slightly above 897.6
K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 12.5M | 21.1M | 24.2M | 17.3M | Total Revenue | 13.2M | 22.1M | 25.5M | 17.5M |
North European fundamental ratios Correlations
Click cells to compare fundamentals
North European Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North European fundamental ratios Accounts
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Additional Tools for North Stock Analysis
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measure North European'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 North European is operating at the current time. Most of North European's value examination focuses on studying past and present price action to
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