| WBE Stock | | | CAD 0.20 0.01 4.76% |
Westbond Enterprises financial indicator trend analysis is more than just analyzing Westbond Enterprises Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westbond Enterprises Corp is a good investment. Please check the relationship between Westbond Enterprises Gross Profit Margin and its Total Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westbond Enterprises Corp. 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.
Gross Profit Margin vs Total Assets
Gross Profit Margin vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westbond Enterprises Corp Gross Profit Margin account and
Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Westbond Enterprises' Gross Profit Margin and Total Assets is 0.07. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Assets in the same time period over historical financial statements of Westbond Enterprises Corp, assuming nothing else is changed. The correlation between historical values of Westbond Enterprises' Gross Profit Margin and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Westbond Enterprises Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Gross Profit Margin i.e., Westbond Enterprises' Gross Profit Margin and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.07 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Gross Profit Margin
Total Assets
Total assets refers to the total amount of Westbond Enterprises assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Westbond Enterprises Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Westbond Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westbond Enterprises Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westbond Enterprises Corp. 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, Westbond Enterprises'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 33.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 837.8
K in 2024.
Westbond Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
Westbond Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westbond Enterprises fundamental ratios Accounts
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