Zumiez Change To Account Receivables vs Other Non Cash Items Analysis
ZUMZ Stock | USD 22.82 0.82 3.73% |
Zumiez financial indicator trend analysis is more than just analyzing Zumiez Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zumiez Inc is a good investment. Please check the relationship between Zumiez Change To Account Receivables and its Other Non Cash Items accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zumiez Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Change To Account Receivables vs Other Non Cash Items
Change To Account Receivables vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zumiez Inc Change To Account Receivables account and Other Non Cash Items. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zumiez's Change To Account Receivables and Other Non Cash Items is 0.82. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Zumiez Inc, assuming nothing else is changed. The correlation between historical values of Zumiez's Change To Account Receivables and Other Non Cash Items 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 To Account Receivables of Zumiez Inc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Account Receivables i.e., Zumiez's Change To Account Receivables and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Change To Account Receivables
Other Non Cash Items
Most indicators from Zumiez's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zumiez Inc 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 Zumiez Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Zumiez's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 37.44 in 2024, whereas Selling General Administrative is likely to drop slightly above 190.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 456.7M | 324.7M | 280.9M | 231.2M | Total Revenue | 1.2B | 958.4M | 875.5M | 664.4M |
Zumiez fundamental ratios Correlations
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Zumiez Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Zumiez's price analysis, check to measure Zumiez'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 Zumiez is operating at the current time. Most of Zumiez's value examination focuses on studying past and present price action to predict the probability of Zumiez's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zumiez's price. Additionally, you may evaluate how the addition of Zumiez to your portfolios can decrease your overall portfolio volatility.