The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SPoT Coffee Net Receivables account and
Selling General Administrative. At this time, the significance of the direction appears to have almost no relationship.
The correlation between SPoT Coffee's Net Receivables and Selling General Administrative is 0.14. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of SPoT Coffee, assuming nothing else is changed. The correlation between historical values of SPoT Coffee's Net Receivables and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of SPoT Coffee are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Receivables i.e., SPoT Coffee's Net Receivables and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Most indicators from SPoT Coffee's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SPoT Coffee 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
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signals in board of governors.
Issuance Of Capital Stock is likely to climb to about 189.4
K in 2024, whereas
Discontinued Operations is likely to drop (493.5
K) in 2024.
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