VOXX Long Term Investments vs Net Working Capital Analysis
VOXX Stock | USD 7.74 1.08 16.22% |
VOXX International financial indicator trend analysis is much more than just breaking down VOXX International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VOXX International is a good investment. Please check the relationship between VOXX International Long Term Investments and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VOXX International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more information on how to buy VOXX Stock please use our How to Invest in VOXX International guide.
Long Term Investments vs Net Working Capital
Long Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VOXX International Long Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between VOXX International's Long Term Investments and Net Working Capital is 0.75. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of VOXX International, assuming nothing else is changed. The correlation between historical values of VOXX International's Long Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of VOXX International are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Investments i.e., VOXX International's Long Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of VOXX International balance sheet that represents investments VOXX International intends to hold for over a year. VOXX International long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Working Capital
Most indicators from VOXX International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VOXX International 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 VOXX International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more information on how to buy VOXX Stock please use our How to Invest in VOXX International guide.Enterprise Value is likely to rise to about 312.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 67.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 169.5M | 134.3M | 114.0M | 129.0M | Total Revenue | 635.9M | 534.0M | 468.9M | 687.5M |
VOXX International fundamental ratios Correlations
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VOXX International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running VOXX International's price analysis, check to measure VOXX International'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 VOXX International is operating at the current time. Most of VOXX International's value examination focuses on studying past and present price action to predict the probability of VOXX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VOXX International's price. Additionally, you may evaluate how the addition of VOXX International to your portfolios can decrease your overall portfolio volatility.