WDS Stock | | | USD 14.81 0.44 3.06% |
Woodside Energy financial indicator trend analysis is more than just analyzing Woodside Energy Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Woodside Energy Group is a good investment. Please check the relationship between Woodside Energy Change To Inventory and its Capital Expenditures accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodside Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Change To Inventory vs Capital Expenditures
Change To Inventory vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Woodside Energy Group Change To Inventory account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Woodside Energy's Change To Inventory and Capital Expenditures is -0.49. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Woodside Energy Group, assuming nothing else is changed. The correlation between historical values of Woodside Energy's Change To Inventory and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Woodside Energy Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Woodside Energy's Change To Inventory and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Capital Expenditures
Capital Expenditures are funds used by Woodside Energy Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Woodside Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Woodside Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Woodside Energy Group 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodside Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, Woodside Energy's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 5.46 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 19.7
M in 2024.
Woodside Energy fundamental ratios Correlations
Click cells to compare fundamentals
Woodside Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Woodside Energy fundamental ratios Accounts
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Additional Tools for Woodside Stock Analysis
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measure Woodside Energy'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 Woodside Energy is operating at the current time. Most of Woodside Energy's value examination focuses on studying past and present price action to
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