| AKR Stock | | | CAD 0.12 0.01 7.69% |
Ackroo financial indicator trend analysis is way more than just evaluating Ackroo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ackroo Inc is a good investment. Please check the relationship between Ackroo Other Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ackroo 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 board of governors.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ackroo Inc Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Ackroo's Other Operating Expenses and Cost Of Revenue is 0.29. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Ackroo Inc, assuming nothing else is changed. The correlation between historical values of Ackroo's Other Operating Expenses and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ackroo Inc are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Other Operating Expenses i.e., Ackroo's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ackroo Inc. It is also known as Ackroo overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Cost Of Revenue
Cost of Revenue is found on Ackroo Inc income statement and represents the costs associated with goods and services Ackroo provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Ackroo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ackroo 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 Ackroo 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 board of governors.
At this time, Ackroo's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 14.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.4
M in 2024.
Ackroo fundamental ratios Correlations
Click cells to compare fundamentals
Ackroo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ackroo fundamental ratios Accounts
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Additional Tools for Ackroo Stock Analysis
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measure Ackroo'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 Ackroo is operating at the current time. Most of Ackroo's value examination focuses on studying past and present price action to
predict the probability of Ackroo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ackroo's price. Additionally, you may evaluate how the addition of Ackroo to your portfolios can decrease your overall portfolio volatility.