EXXARO Stock | | | 8.80 0.47 5.07% |
Exxaro Tiles financial indicator trend analysis is much more than just examining Exxaro Tiles Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exxaro Tiles Limited is a good investment. Please check the relationship between Exxaro Tiles Inventory and its Non Currrent Assets Other accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Exxaro Tiles 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 metropolitan statistical area.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Exxaro Tiles Limited Inventory account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Exxaro Tiles' Inventory and Non Currrent Assets Other is -0.49. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Exxaro Tiles Limited, assuming nothing else is changed. The correlation between historical values of Exxaro Tiles' Inventory 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 Inventory of Exxaro Tiles Limited 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 Inventory i.e., Exxaro Tiles' Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Inventory
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 Exxaro Tiles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exxaro Tiles Limited 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 Exxaro Tiles 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 metropolitan statistical area.
As of December 21, 2024,
Selling General Administrative is expected to decline to about 16.3
M. In addition to that,
Tax Provision is expected to decline to about 9
MExxaro Tiles fundamental ratios Correlations
Click cells to compare fundamentals
Exxaro Tiles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Exxaro Tiles fundamental ratios Accounts
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Other Information on Investing in Exxaro Stock
Balance Sheet is a snapshot of the
financial position of Exxaro Tiles Limited at a specified time, usually calculated after every quarter, six months, or one year. Exxaro Tiles Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Exxaro Tiles and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Exxaro currently owns. An asset can also be divided into two categories, current and non-current.