FC Stock | | | USD 37.58 0.27 0.72% |
Franklin Covey financial indicator trend analysis is much more than just examining Franklin Covey latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Franklin Covey is a good investment. Please check the relationship between Franklin Covey Depreciation and its Change Receivables accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Covey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For information on how to trade Franklin Stock refer to our
How to Trade Franklin Stock guide.
Depreciation vs Change Receivables
Depreciation vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Franklin Covey Depreciation account and
Change Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Franklin Covey's Depreciation and Change Receivables is 0.29. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Franklin Covey, assuming nothing else is changed. The correlation between historical values of Franklin Covey's Depreciation and Change Receivables 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 Franklin Covey are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Depreciation i.e., Franklin Covey's Depreciation and Change Receivables go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Franklin Covey value has been used up. For tax purposes Franklin Covey can deduct the cost of the tangible assets it purchases as business expenses. However, Franklin Covey 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 Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Most indicators from Franklin Covey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Franklin Covey 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 Franklin Covey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For information on how to trade Franklin Stock refer to our
How to Trade Franklin Stock guide.The current year's
Tax Provision is expected to grow to about 10.1
M, whereas
Selling General Administrative is forecasted to decline to about 121.1
M.
Franklin Covey fundamental ratios Correlations
Click cells to compare fundamentals
Franklin Covey Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Franklin Covey fundamental ratios Accounts