| AIRT Stock | | | USD 20.40 0.22 1.07% |
Air T financial indicator trend analysis is way more than just evaluating Air T Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air T Inc is a good investment. Please check the relationship between Air T Total Current Liabilities and its Asset Turnover accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T 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 metropolitan statistical area.
Total Current Liabilities vs Asset Turnover
Total Current Liabilities vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Air T Inc Total Current Liabilities account and
Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Air T's Total Current Liabilities and Asset Turnover is -0.3. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Air T Inc, assuming nothing else is changed. The correlation between historical values of Air T's Total Current Liabilities and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Air T Inc are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Liabilities i.e., Air T's Total Current Liabilities and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Air T balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Air T Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Air T's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air T 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T 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 metropolitan statistical area.
At this time, Air T's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 765.5
K in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.
Air T fundamental ratios Correlations
Click cells to compare fundamentals
Air T Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air T fundamental ratios Accounts
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Additional Tools for Air Stock Analysis
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