| 0RD7 Stock | | | 69.53 1.33 1.95% |
Scandic Hotels financial indicator trend analysis is much more than just breaking down Scandic Hotels Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scandic Hotels Group is a good investment. Please check the relationship between Scandic Hotels Property Plant Equipment and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandic Hotels 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 board of governors.
Property Plant Equipment vs Accounts Payable
Property Plant Equipment vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scandic Hotels Group Property Plant Equipment account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Scandic Hotels' Property Plant Equipment and Accounts Payable is 0.29. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Scandic Hotels Group, assuming nothing else is changed. The correlation between historical values of Scandic Hotels' Property Plant Equipment and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Scandic Hotels Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Property Plant Equipment i.e., Scandic Hotels' Property Plant Equipment and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Property Plant Equipment
Accounts Payable
An accounting item on the balance sheet that represents Scandic Hotels obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Scandic Hotels Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Scandic Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scandic Hotels 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandic Hotels 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 board of governors.
Selling General Administrative is likely to gain to about 6
B in 2024, despite the fact that
Tax Provision is likely to grow to (111.2
M).
Scandic Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Scandic Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scandic Hotels fundamental ratios Accounts
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measure Scandic Hotels' 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 Scandic Hotels is operating at the current time. Most of Scandic Hotels' value examination focuses on studying past and present price action to
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