| EXL Stock | | | 0.05 0.01 31.43% |
Elixinol Wellness financial indicator trend analysis is much more than just examining Elixinol Wellness latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elixinol Wellness is a good investment. Please check the relationship between Elixinol Wellness Accounts Payable and its Inventory accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elixinol Wellness Limited. 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 Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elixinol Wellness Accounts Payable account and
Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Elixinol Wellness' Accounts Payable and Inventory is 0.5. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Elixinol Wellness Limited, assuming nothing else is changed. The correlation between historical values of Elixinol Wellness' Accounts Payable and 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 Accounts Payable of Elixinol Wellness Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Elixinol Wellness' Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.5 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Elixinol Wellness 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 Elixinol Wellness 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.
Inventory
Most indicators from Elixinol Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elixinol Wellness 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elixinol Wellness Limited. 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, Elixinol Wellness'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to 3,150 in 2024, whereas
Discontinued Operations is likely to drop (2.4
M) in 2024.
Elixinol Wellness fundamental ratios Correlations
Click cells to compare fundamentals
Elixinol Wellness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elixinol Wellness fundamental ratios Accounts
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Additional Tools for Elixinol Stock Analysis
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