Foxx Retained Earnings vs Total Current Liabilities 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 Retained Earnings and its Total Current Liabilities 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.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foxx Development Holdings Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Foxx Development's Retained Earnings and Total Current Liabilities is -0.87. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities 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 Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Foxx Development Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Foxx Development's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.87
Relationship DirectionNegative 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Foxx Development balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Foxx Development Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Profit454.6K1.1M115.9K110.1K
Total Revenue12.9M21.6M3.2M3.1M

Foxx Development fundamental ratios Correlations

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-0.82-0.83-0.68-0.740.65-0.81-0.680.65-0.63-0.94-0.75-0.94-0.420.610.61-0.74-0.97-0.81-0.83-0.830.610.66-0.830.610.63
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-0.73-0.73-0.95-0.730.93-0.930.61-0.950.97-0.95-0.42-0.94-0.42-0.911.0-0.73-0.67-0.93-0.73-0.731.00.93-0.731.00.99
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1.01.00.890.99-0.90.93-0.830.89-0.860.870.590.910.590.76-0.73-0.730.990.930.931.0-0.73-0.911.0-0.73-0.79
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-0.73-0.73-0.95-0.730.93-0.930.61-0.950.97-0.95-0.42-0.94-0.42-0.911.01.0-0.73-0.67-0.93-0.73-0.730.93-0.731.00.99
-0.91-0.91-1.0-0.921.0-0.970.66-1.00.99-1.0-0.4-0.99-0.4-0.960.930.93-0.92-0.78-0.97-0.91-0.910.93-0.910.930.96
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-0.79-0.79-0.98-0.790.96-0.950.63-0.980.99-0.98-0.42-0.97-0.42-0.940.990.99-0.79-0.71-0.95-0.79-0.790.990.96-0.790.99
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Foxx Development Account Relationship Matchups

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