Nationwide Days Sales Outstanding vs Average Payables Analysis
| NWUC Stock | USD 0.0003 0.00 0.00% |
Nationwide Utilities financial indicator trend analysis is infinitely more than just investigating Nationwide Utilities recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nationwide Utilities is a good investment. Please check the relationship between Nationwide Utilities Days Sales Outstanding and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.
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 Nationwide Utilities Days Sales Outstanding account and Average Payables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nationwide Utilities' Days Sales Outstanding and Average Payables is 0.95. 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 Nationwide Utilities, assuming nothing else is changed. The correlation between historical values of Nationwide Utilities' 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 Nationwide Utilities 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., Nationwide Utilities' Days Sales Outstanding and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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 Nationwide Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nationwide Utilities 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.The current year's Discontinued Operations is expected to grow to about 442.2 K, whereas Selling General Administrative is forecasted to decline to about 4.1 M.
Nationwide Utilities fundamental ratios Correlations
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Nationwide Utilities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nationwide Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nationwide Utilities' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nationwide Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nationwide Utilities Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nationwide Utilities. If investors know Nationwide will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nationwide Utilities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (22.27) |
The market value of Nationwide Utilities is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide Utilities' value that differs from its market value or its book value, called intrinsic value, which is Nationwide Utilities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide Utilities' market value can be influenced by many factors that don't directly affect Nationwide Utilities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Utilities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.