| GENCON Stock | | | 42.07 2.28 5.73% |
Generic Engineering financial indicator trend analysis is much more than just examining Generic Engineering latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generic Engineering is a good investment. Please check the relationship between Generic Engineering Total Assets and its Current Deferred Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generic Engineering Construction. 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.
Total Assets vs Current Deferred Revenue
Total Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Generic Engineering Total Assets account and
Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Generic Engineering's Total Assets and Current Deferred Revenue is 0.55. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Generic Engineering Construction, assuming nothing else is changed. The correlation between historical values of Generic Engineering's Total 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 Total Assets of Generic Engineering Construction 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 Total Assets i.e., Generic Engineering's Total Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Generic Engineering 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 Generic Engineering 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.
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 Generic Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generic Engineering 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generic Engineering Construction. 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.
The current year's
Selling General Administrative is expected to grow to about 31.4
M, whereas
Tax Provision is forecasted to decline to about 1.1
M.
Generic Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Generic Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Generic Engineering fundamental ratios Accounts
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Other Information on Investing in Generic Stock
Balance Sheet is a snapshot of the
financial position of Generic Engineering at a specified time, usually calculated after every quarter, six months, or one year. Generic Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Generic Engineering 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 Generic currently owns. An asset can also be divided into two categories, current and non-current.