SRP Stock | | | 157.70 1.70 1.09% |
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 Other Current Assets and its Non Currrent Assets Other 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.
Other Current Assets vs Non Currrent Assets Other
Other Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Serco Group Other Current Assets account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Serco's Other Current Assets and Non Currrent Assets Other is 0.44. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other 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 Other Current Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Serco Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Assets i.e., Serco's Other Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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.