ORLY Stock | | | USD 1,227 22.63 1.88% |
OReilly Automotive financial indicator trend analysis is much more than just breaking down OReilly Automotive prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OReilly Automotive is a good investment. Please check the relationship between OReilly Automotive Good Will and its Accumulated Depreciation accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OReilly Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy OReilly Stock please use our
How to Invest in OReilly Automotive guide.
Good Will vs Accumulated Depreciation
Good Will vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
OReilly Automotive Good Will account and
Accumulated Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between OReilly Automotive's Good Will and Accumulated Depreciation is -0.7. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of OReilly Automotive, assuming nothing else is changed. The correlation between historical values of OReilly Automotive's Good Will and Accumulated 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 Good Will of OReilly Automotive are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Good Will i.e., OReilly Automotive's Good Will and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for OReilly Automotive fixed asset that has been charged to OReilly Automotive expense since that asset was acquired and made available for OReilly Automotive use. The accumulated depreciation account is OReilly Automotive asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by OReilly Automotive.
Most indicators from OReilly Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OReilly 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OReilly Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy OReilly Stock please use our
How to Invest in OReilly Automotive guide.
Enterprise Value is likely to rise to about 26.8
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.6
B in 2024.
OReilly Automotive fundamental ratios Correlations
Click cells to compare fundamentals
OReilly Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OReilly Automotive fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for OReilly Stock Analysis
When running OReilly Automotive's price analysis, check to
measure OReilly 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 OReilly Automotive is operating at the current time. Most of OReilly Automotive's value examination focuses on studying past and present price action to
predict the probability of OReilly 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 OReilly Automotive's price. Additionally, you may evaluate how the addition of OReilly Automotive to your portfolios can decrease your overall portfolio volatility.