| AUTO Stock | | | 839.00 6.60 0.78% |
Auto Trader financial indicator trend analysis is way more than just evaluating Auto Trader Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auto Trader Group is a good investment. Please check the relationship between Auto Trader Accounts Payable and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Auto Trader 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.
Accounts Payable vs Non Currrent Assets Other
Accounts Payable vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Auto Trader Group Accounts Payable account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Auto Trader's Accounts Payable and Non Currrent Assets Other is -0.18. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Auto Trader Group, assuming nothing else is changed. The correlation between historical values of Auto Trader's Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Auto Trader Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., Auto Trader's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Auto Trader 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 Auto Trader 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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Auto Trader's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auto Trader 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 Auto Trader 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 drop to about 40.8
M in 2024.
Tax Provision is likely to drop to about 55.4
M in 2024
Auto Trader fundamental ratios Correlations
Click cells to compare fundamentals
Auto Trader Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auto Trader fundamental ratios Accounts
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Additional Tools for Auto Stock Analysis
When running Auto Trader's price analysis, check to
measure Auto Trader'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 Auto Trader is operating at the current time. Most of Auto Trader's value examination focuses on studying past and present price action to
predict the probability of Auto Trader's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auto Trader's price. Additionally, you may evaluate how the addition of Auto Trader to your portfolios can decrease your overall portfolio volatility.