Consumer Asset Turnover vs Total Current Assets Analysis
| NWAU Stock | USD 0.0001 0.00 0.00% |
Consumer Automotive financial indicator trend analysis is way more than just evaluating Consumer Automotive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Consumer Automotive is a good investment. Please check the relationship between Consumer Automotive Asset Turnover and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Consumer Automotive Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Asset Turnover vs Total Current Assets
Asset Turnover vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Consumer Automotive Asset Turnover account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Consumer Automotive's Asset Turnover and Total Current Assets is -0.37. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Consumer Automotive Finance, assuming nothing else is changed. The correlation between historical values of Consumer Automotive's Asset Turnover and Total Current 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 Asset Turnover of Consumer Automotive Finance are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Asset Turnover i.e., Consumer Automotive's Asset Turnover and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Consumer Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Consumer Automotive 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 Consumer Automotive Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Consumer Automotive's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 41 M in 2024, whereas Selling General Administrative is likely to drop 919.13 in 2024.
Consumer Automotive fundamental ratios Correlations
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Consumer Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Consumer Stock Analysis
When running Consumer Automotive's price analysis, check to measure Consumer Automotive'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 Consumer Automotive is operating at the current time. Most of Consumer Automotive's value examination focuses on studying past and present price action to predict the probability of Consumer Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Automotive's price. Additionally, you may evaluate how the addition of Consumer Automotive to your portfolios can decrease your overall portfolio volatility.