Atmus Roe vs Capex To Revenue Analysis
ATMU Stock | 39.94 0.77 1.89% |
Atmus Filtration financial indicator trend analysis is way more than just evaluating Atmus Filtration Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atmus Filtration Tec is a good investment. Please check the relationship between Atmus Filtration Roe and its Capex To Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Roe vs Capex To Revenue
Roe vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atmus Filtration Tec Roe account and Capex To Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Atmus Filtration's Roe and Capex To Revenue is 0.52. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Atmus Filtration Technologies, assuming nothing else is changed. The correlation between historical values of Atmus Filtration's Roe and Capex To 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 Roe of Atmus Filtration Technologies are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Roe i.e., Atmus Filtration's Roe and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Roe
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Most indicators from Atmus Filtration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atmus Filtration Tec 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 Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Tax Provision is likely to drop to about 38.5 M in 2024. Selling General Administrative is likely to drop to about 156.1 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 1.4B | 1.6B | 1.6B | 1.6B | Depreciation And Amortization | 21M | 21.6M | 21.5M | 23.3M |
Atmus Filtration fundamental ratios Correlations
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Atmus Filtration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Atmus Stock Analysis
When running Atmus Filtration's price analysis, check to measure Atmus Filtration'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 Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.