Foxx Cash And Short Term Investments vs Current Deferred Revenue Analysis
| FOXX Stock | 5.82 0.45 7.18% |
Foxx Development financial indicator trend analysis is much more than just examining Foxx Development Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foxx Development Holdings is a good investment. Please check the relationship between Foxx Development Cash And Short Term Investments and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Cash And Short Term Investments vs Current Deferred Revenue
Cash And Short Term Investments vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foxx Development Holdings Cash And Short Term Investments account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Foxx Development's Cash And Short Term Investments and Current Deferred Revenue is -0.94. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Foxx Development Holdings, assuming nothing else is changed. The correlation between historical values of Foxx Development's Cash And Short Term Investments and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Foxx Development Holdings are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cash And Short Term Investments i.e., Foxx Development's Cash And Short Term Investments and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.94 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Foxx Development Holdings balance sheet. This account contains Foxx Development investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Foxx Development Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Foxx Development's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foxx Development Holdings 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 Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Sales General And Administrative To Revenue is likely to rise to 0.68 in 2024, whereas Tax Provision is likely to drop slightly above 13.1 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 454.6K | 1.1M | 115.9K | 110.1K | Total Revenue | 12.9M | 21.6M | 3.2M | 3.1M |
Foxx Development fundamental ratios Correlations
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Foxx Development Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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