ADFFOODS | | | 332.65 0.30 0.09% |
ADF Foods financial indicator trend analysis is way more than just evaluating ADF Foods Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADF Foods Limited is a good investment. Please check the relationship between ADF Foods Intangible Assets and its Current Deferred Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ADF Foods 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 persons.
Intangible Assets vs Current Deferred Revenue
Intangible Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ADF Foods Limited Intangible Assets account and
Current Deferred Revenue. At this time, the significance of the direction appears to have almost no relationship.
The correlation between ADF Foods' Intangible Assets and Current Deferred Revenue is 0.13. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of ADF Foods Limited, assuming nothing else is changed. The correlation between historical values of ADF Foods' Intangible Assets and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of ADF Foods Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Intangible Assets i.e., ADF Foods' Intangible Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from ADF Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADF Foods 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 ADF Foods 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 persons.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 105
M. In addition to that,
Tax Provision is expected to decline to about 156.6
MADF Foods fundamental ratios Correlations
Click cells to compare fundamentals
ADF Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ADF Foods fundamental ratios Accounts
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Other Information on Investing in ADF Stock
Balance Sheet is a snapshot of the
financial position of ADF Foods Limited at a specified time, usually calculated after every quarter, six months, or one year. ADF Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ADF Foods 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 ADF currently owns. An asset can also be divided into two categories, current and non-current.