0KET Stock | | | 113.04 0.10 0.09% |
Paccar financial indicator trend analysis is much more than just breaking down Paccar Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paccar Inc is a good investment. Please check the relationship between Paccar Total Revenue and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Paccar Inc. 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.
Total Revenue vs Depreciation And Amortization
Total Revenue vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Paccar Inc Total Revenue account and
Depreciation And Amortization. At this time, the significance of the direction appears to have very week relationship.
The correlation between Paccar's Total Revenue and Depreciation And Amortization is 0.2. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Paccar Inc, assuming nothing else is changed. The correlation between historical values of Paccar's Total Revenue and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Paccar Inc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Revenue i.e., Paccar's Total Revenue and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts Paccar Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Paccar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paccar Inc 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Paccar Inc. 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.
Tax Provision is likely to drop to about 461.4
M in 2024.
Selling General Administrative is likely to drop to about 712.3
M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Total Revenue | 23.5B | 28.8B | 35.1B | 24.2B | Depreciation And Amortization | 867.8M | 807.1M | 435.3M | 796.2M |
Paccar fundamental ratios Correlations
Click cells to compare fundamentals
Paccar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paccar fundamental ratios Accounts
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Additional Tools for Paccar Stock Analysis
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measure Paccar'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 Paccar is operating at the current time. Most of Paccar's value examination focuses on studying past and present price action to
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