| 301282 Stock | | | 19.96 0.34 1.67% |
Camelot Electronics financial indicator trend analysis is way more than just evaluating Camelot Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Camelot Electronics is a good investment. Please check the relationship between Camelot Electronics Retained Earnings and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Camelot Electronics Technology. 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.
Retained Earnings vs Non Current Assets Total
Retained Earnings vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Camelot Electronics Retained Earnings account and
Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Camelot Electronics' Retained Earnings and Non Current Assets Total is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Camelot Electronics Technology, assuming nothing else is changed. The correlation between historical values of Camelot Electronics' Retained Earnings and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Camelot Electronics Technology are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Retained Earnings i.e., Camelot Electronics' Retained Earnings and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Camelot Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Camelot Electronics 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 Camelot Electronics Technology. 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.
The current year's
Selling General Administrative is expected to grow to about 43.6
M, whereas
Tax Provision is projected to grow to (2.9
M).
Camelot Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Camelot Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Camelot Electronics fundamental ratios Accounts
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Other Information on Investing in Camelot Stock
Balance Sheet is a snapshot of the
financial position of Camelot Electronics at a specified time, usually calculated after every quarter, six months, or one year. Camelot Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Camelot Electronics 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 Camelot currently owns. An asset can also be divided into two categories, current and non-current.