Sligro Total Current Liabilities vs Selling General Administrative Analysis
| 0MKM Stock | 10.81 0.05 0.46% |
Sligro Food financial indicator trend analysis is much more than just breaking down Sligro Food Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sligro Food Group is a good investment. Please check the relationship between Sligro Food Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sligro Food 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 board of governors.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sligro Food Group Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sligro Food's Total Current Liabilities and Selling General Administrative is 0.78. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Sligro Food Group, assuming nothing else is changed. The correlation between historical values of Sligro Food's Total Current Liabilities and Selling General Administrative 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 Current Liabilities of Sligro Food Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Sligro Food's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Sligro Food balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sligro Food Group 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.Selling General Administrative
Most indicators from Sligro Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sligro Food 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Sligro Food 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 board of governors. At this time, Sligro Food's Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 217.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 365.6 M in 2024.
| 2019 | 2021 | 2023 | 2024 (projected) | Gross Profit | 468M | 498M | 448.2M | 417.6M | Total Revenue | 1.9B | 1.9B | 1.7B | 1.7B |
Sligro Food fundamental ratios Correlations
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Sligro Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Sligro Food's price analysis, check to measure Sligro Food'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 Sligro Food is operating at the current time. Most of Sligro Food's value examination focuses on studying past and present price action to predict the probability of Sligro Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sligro Food's price. Additionally, you may evaluate how the addition of Sligro Food to your portfolios can decrease your overall portfolio volatility.