| SRP Stock | | | 157.00 1.30 0.83% |
Serco financial indicator trend analysis is much more than just breaking down Serco Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Serco Group is a good investment. Please check the relationship between Serco Change In Working Capital and its Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Serco Group. 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.
Change In Working Capital vs Depreciation
Change In Working Capital vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Serco Group Change In Working Capital account and
Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Serco's Change In Working Capital and Depreciation is 0.2. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Serco Group, assuming nothing else is changed. The correlation between historical values of Serco's Change In Working Capital and 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 Change In Working Capital of Serco Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Working Capital i.e., Serco's Change In Working Capital and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.2 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Depreciation
Depreciation indicates how much of Serco Group value has been used up. For tax purposes Serco can deduct the cost of the tangible assets it purchases as business expenses. However, Serco Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Serco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Serco Group 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Serco Group. 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.
At present, Serco's
Tax Provision is projected to increase significantly based on the last few years of reporting.
Serco fundamental ratios Correlations
Click cells to compare fundamentals
Serco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Serco fundamental ratios Accounts
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Other Information on Investing in Serco Stock
Balance Sheet is a snapshot of the
financial position of Serco Group at a specified time, usually calculated after every quarter, six months, or one year. Serco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Serco and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Serco currently owns. An asset can also be divided into two categories, current and non-current.