BOY Stock | | | 628.00 1.00 0.16% |
Bodycote PLC financial indicator trend analysis is way more than just evaluating Bodycote PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bodycote PLC is a good investment. Please check the relationship between Bodycote PLC Total Assets and its Common Stock Total Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bodycote PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Assets vs Common Stock Total Equity
Total Assets vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bodycote PLC Total Assets account and
Common Stock Total Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bodycote PLC's Total Assets and Common Stock Total Equity is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Bodycote PLC, assuming nothing else is changed. The correlation between historical values of Bodycote PLC's Total Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Bodycote PLC are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Assets i.e., Bodycote PLC's Total Assets and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Bodycote PLC 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 Bodycote PLC 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.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Bodycote PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bodycote PLC 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 Bodycote PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of December 25, 2024,
Selling General Administrative is expected to decline to about 100.7
M. In addition to that,
Tax Provision is expected to decline to about 16.4
MBodycote PLC fundamental ratios Correlations
Click cells to compare fundamentals
Bodycote PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bodycote PLC fundamental ratios Accounts
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Other Information on Investing in Bodycote Stock
Balance Sheet is a snapshot of the
financial position of Bodycote PLC at a specified time, usually calculated after every quarter, six months, or one year. Bodycote PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bodycote PLC 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 Bodycote currently owns. An asset can also be divided into two categories, current and non-current.