Leeuwin Capital Expenditures vs Change In Working Capital Analysis
| LM1 Stock | 0.06 0.01 7.69% |
Leeuwin Metals financial indicator trend analysis is infinitely more than just investigating Leeuwin Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leeuwin Metals is a good investment. Please check the relationship between Leeuwin Metals Capital Expenditures and its Change In Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leeuwin Metals. 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.
Capital Expenditures vs Change In Working Capital
Capital Expenditures vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leeuwin Metals Capital Expenditures account and Change In Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Leeuwin Metals' Capital Expenditures and Change In Working Capital is -0.54. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Leeuwin Metals, assuming nothing else is changed. The correlation between historical values of Leeuwin Metals' Capital Expenditures and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Leeuwin Metals are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Capital Expenditures i.e., Leeuwin Metals' Capital Expenditures and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Leeuwin Metals to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Leeuwin Metals operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Leeuwin Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leeuwin Metals 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leeuwin Metals. 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. Selling General Administrative is likely to drop to about 275.9 K in 2024
Leeuwin Metals fundamental ratios Correlations
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Leeuwin Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Leeuwin Stock Analysis
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