AOUT Stock | | | USD 14.94 0.04 0.27% |
American Outdoor financial indicator trend analysis is way more than just evaluating American Outdoor Brands prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Outdoor Brands is a good investment. Please check the relationship between American Outdoor Depreciation and its Change To Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Outdoor Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Depreciation vs Change To Inventory
Depreciation vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Outdoor Brands Depreciation account and
Change To Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between American Outdoor's Depreciation and Change To Inventory is 0.05. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of American Outdoor Brands, assuming nothing else is changed. The correlation between historical values of American Outdoor's Depreciation and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of American Outdoor Brands are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Depreciation i.e., American Outdoor's Depreciation and Change To Inventory go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of American Outdoor Brands value has been used up. For tax purposes American Outdoor can deduct the cost of the tangible assets it purchases as business expenses. However, American Outdoor Brands must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from American Outdoor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Outdoor Brands 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 American Outdoor Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
At this time, American Outdoor's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 30.98 in 2024, whereas
Tax Provision is likely to drop (73.5
K) in 2024.
American Outdoor fundamental ratios Correlations
Click cells to compare fundamentals
American Outdoor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Outdoor fundamental ratios Accounts
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