Source Net Working Capital vs Total Current Assets Analysis
SRR Stock | 0.88 0.01 1.15% |
Source Rock financial indicator trend analysis is much more than just breaking down Source Rock Royalties prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Source Rock Royalties is a good investment. Please check the relationship between Source Rock Net Working Capital and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Rock Royalties. 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.
Net Working Capital vs Total Current Assets
Net Working Capital vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Source Rock Royalties Net Working Capital account and Total Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Source Rock's Net Working Capital and Total Current Assets is 0.99. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Source Rock Royalties, assuming nothing else is changed. The correlation between historical values of Source Rock's Net Working Capital and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Source Rock Royalties are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Working Capital i.e., Source Rock's Net Working Capital and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Working Capital
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Source Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Source Rock Royalties 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Source Rock Royalties. 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. At this time, Source Rock's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.23 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 956.0 | 286.6K | 431.4K | 452.9K | Net Interest Income | 956.0 | 286.6K | 431.4K | 452.9K |
Source Rock fundamental ratios Correlations
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Source Rock Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Source Stock Analysis
When running Source Rock's price analysis, check to measure Source Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Source Rock is operating at the current time. Most of Source Rock's value examination focuses on studying past and present price action to predict the probability of Source Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Source Rock's price. Additionally, you may evaluate how the addition of Source Rock to your portfolios can decrease your overall portfolio volatility.