ALD Stock | | | 29.09 0.45 1.52% |
Ampol financial indicator trend analysis is way more than just evaluating Ampol prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ampol is a good investment. Please check the relationship between Ampol Inventory and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ampol. 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.
Inventory vs Total Assets
Inventory vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ampol Inventory account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ampol's Inventory and Total Assets is 0.94. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ampol, assuming nothing else is changed. The correlation between historical values of Ampol's Inventory and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Ampol are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., Ampol's Inventory and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Total Assets
Total assets refers to the total amount of Ampol assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ampol books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Ampol's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ampol 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 Ampol. 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.
Selling General Administrative is likely to drop to about 213.6
M in 2024.
Tax Provision is likely to drop to about 119.6
M in 2024
Ampol fundamental ratios Correlations
Click cells to compare fundamentals
Ampol Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ampol fundamental ratios Accounts
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Additional Tools for Ampol Stock Analysis
When running Ampol's price analysis, check to
measure Ampol'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 Ampol is operating at the current time. Most of Ampol's value examination focuses on studying past and present price action to
predict the probability of Ampol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampol's price. Additionally, you may evaluate how the addition of Ampol to your portfolios can decrease your overall portfolio volatility.