| ZFCVINDIA | | | 12,006 294.65 2.40% |
ZF Commercial financial indicator trend analysis is more than just analyzing ZF Commercial Vehicle current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZF Commercial Vehicle is a good investment. Please check the relationship between ZF Commercial Accounts Payable and its Intangible Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZF Commercial Vehicle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Accounts Payable vs Intangible Assets
Accounts Payable vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZF Commercial Vehicle Accounts Payable account and
Intangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between ZF Commercial's Accounts Payable and Intangible Assets is 0.24. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of ZF Commercial Vehicle, assuming nothing else is changed. The correlation between historical values of ZF Commercial's Accounts Payable and Intangible 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 Accounts Payable of ZF Commercial Vehicle are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Accounts Payable i.e., ZF Commercial's Accounts Payable and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents ZF Commercial obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of ZF Commercial Vehicle are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from ZF Commercial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZF Commercial Vehicle 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 ZF Commercial Vehicle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
The current year's
Selling General Administrative is expected to grow to about 592.4
M, whereas
Tax Provision is forecasted to decline to about 914.9
M.
ZF Commercial fundamental ratios Correlations
Click cells to compare fundamentals
ZF Commercial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZF Commercial fundamental ratios Accounts
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Other Information on Investing in ZFCVINDIA Stock
Balance Sheet is a snapshot of the
financial position of ZF Commercial Vehicle at a specified time, usually calculated after every quarter, six months, or one year. ZF Commercial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ZF Commercial and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ZFCVINDIA currently owns. An asset can also be divided into two categories, current and non-current.