002152 Stock | | | 12.54 0.22 1.79% |
GRG Banking financial indicator trend analysis is much more than just examining GRG Banking Equipment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRG Banking Equipment is a good investment. Please check the relationship between GRG Banking Current Deferred Revenue and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in GRG Banking Equipment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Current Deferred Revenue vs Other Current Liab
Current Deferred Revenue vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRG Banking Equipment Current Deferred Revenue account and
Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between GRG Banking's Current Deferred Revenue and Other Current Liab is 0.31. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of GRG Banking Equipment, assuming nothing else is changed. The correlation between historical values of GRG Banking's Current Deferred Revenue and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of GRG Banking Equipment are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Current Deferred Revenue i.e., GRG Banking's Current Deferred Revenue and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Other Current Liab
Most indicators from GRG Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRG Banking Equipment 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in GRG Banking Equipment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of December 20, 2024,
Selling General Administrative is expected to decline to about 672.3
M. In addition to that,
Tax Provision is expected to decline to about 145.4
MGRG Banking fundamental ratios Correlations
Click cells to compare fundamentals
GRG Banking Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRG Banking fundamental ratios Accounts
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Other Information on Investing in GRG Stock
Balance Sheet is a snapshot of the
financial position of GRG Banking Equipment at a specified time, usually calculated after every quarter, six months, or one year. GRG Banking Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GRG Banking 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 GRG currently owns. An asset can also be divided into two categories, current and non-current.