DR Other Current Liab vs Net Receivables Analysis
301177 Stock | 25.30 1.20 4.98% |
DR financial indicator trend analysis is much more than just examining DR Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DR Limited is a good investment. Please check the relationship between DR Other Current Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in DR 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 nation.
Other Current Liab vs Net Receivables
Other Current Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DR Limited Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between DR's Other Current Liab and Net Receivables is -0.55. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of DR Limited, assuming nothing else is changed. The correlation between historical values of DR's Other Current Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of DR Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., DR's Other Current Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Liab
Net Receivables
Most indicators from DR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DR 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in DR 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 nation. As of December 2, 2024, Tax Provision is expected to decline to about 41.7 M. In addition to that, Selling General Administrative is expected to decline to about 1.1 B
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.2B | 2.6B | 1.5B | 2.2B | Total Revenue | 4.6B | 3.7B | 2.2B | 3.2B |
DR fundamental ratios Correlations
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DR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of DR Limited at a specified time, usually calculated after every quarter, six months, or one year. DR Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of DR 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 DR currently owns. An asset can also be divided into two categories, current and non-current.