| AKT-A Stock | | | CAD 1.60 0.03 1.84% |
AKITA Drilling financial indicator trend analysis is way more than just evaluating AKITA Drilling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AKITA Drilling is a good investment. Please check the relationship between AKITA Drilling Days Sales Outstanding and its Average Payables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. 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.
Days Sales Outstanding vs Average Payables
Days Sales Outstanding vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AKITA Drilling Days Sales Outstanding account and
Average Payables. At this time, the significance of the direction appears to have very week relationship.
The correlation between AKITA Drilling's Days Sales Outstanding and Average Payables is 0.24. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Average Payables in the same time period over historical financial statements of AKITA Drilling, assuming nothing else is changed. The correlation between historical values of AKITA Drilling's Days Sales Outstanding and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of AKITA Drilling are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Days Sales Outstanding i.e., AKITA Drilling's Days Sales Outstanding and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Days Sales Outstanding
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from AKITA Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AKITA Drilling 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 AKITA Drilling. 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.
At this time, AKITA Drilling's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 3.61 in 2024, whereas
Selling General Administrative is likely to drop slightly above 14.6
M in 2024.
AKITA Drilling fundamental ratios Correlations
Click cells to compare fundamentals
AKITA Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AKITA Drilling fundamental ratios Accounts
Additional Tools for AKITA Stock Analysis
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