| PKT Stock | | | CAD 0.67 0.01 1.52% |
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Average Payables and its Days Of Inventory On Hand accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Average Payables vs Days Of Inventory On Hand
Average Payables vs Days Of Inventory On Hand Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Parkit Enterprise Average Payables account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Parkit Enterprise's Average Payables and Days Of Inventory On Hand is -0.36. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Average Payables and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Parkit Enterprise are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Average Payables i.e., Parkit Enterprise's Average Payables and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Days Of Inventory On Hand
Most indicators from Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Parkit Enterprise's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Parkit Enterprise fundamental ratios Correlations
Click cells to compare fundamentals
Parkit Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parkit Enterprise fundamental ratios Accounts
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Additional Tools for Parkit Stock Analysis
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measure Parkit Enterprise'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 Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to
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