VIPCLOTHNG | | | 46.16 0.30 0.65% |
VIP Clothing financial indicator trend analysis is much more than just breaking down VIP Clothing Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VIP Clothing Limited is a good investment. Please check the relationship between VIP Clothing Net Receivables and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in VIP Clothing Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Net Receivables vs Total Current Liabilities
Net Receivables vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VIP Clothing Limited Net Receivables account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between VIP Clothing's Net Receivables and Total Current Liabilities is 0.29. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of VIP Clothing Limited, assuming nothing else is changed. The correlation between historical values of VIP Clothing's Net Receivables 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 Net Receivables of VIP Clothing Limited 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 Net Receivables i.e., VIP Clothing's Net Receivables and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Receivables
Total Current Liabilities
Total Current Liabilities is an item on VIP Clothing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of VIP Clothing Limited 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 VIP Clothing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VIP Clothing Limited 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 VIP Clothing Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Selling General Administrative is likely to gain to about 34.8
M in 2024, whereas
Discontinued Operations is likely to drop (1.1
M) in 2024.
VIP Clothing fundamental ratios Correlations
Click cells to compare fundamentals
VIP Clothing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VIP Clothing fundamental ratios Accounts
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Additional Tools for VIP Stock Analysis
When running VIP Clothing's price analysis, check to
measure VIP Clothing'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 VIP Clothing is operating at the current time. Most of VIP Clothing's value examination focuses on studying past and present price action to
predict the probability of VIP Clothing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VIP Clothing's price. Additionally, you may evaluate how the addition of VIP Clothing to your portfolios can decrease your overall portfolio volatility.