ROUTE Stock | | | 1,362 6.45 0.47% |
ROUTE MOBILE financial indicator trend analysis is much more than just breaking down ROUTE MOBILE LIMITED prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ROUTE MOBILE LIMITED is a good investment. Please check the relationship between ROUTE MOBILE Common Stock and its Accounts Payable accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in ROUTE MOBILE LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Common Stock vs Accounts Payable
Common Stock vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ROUTE MOBILE LIMITED Common Stock account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between ROUTE MOBILE's Common Stock and Accounts Payable is 0.61. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of ROUTE MOBILE LIMITED, assuming nothing else is changed. The correlation between historical values of ROUTE MOBILE's Common Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of ROUTE MOBILE LIMITED are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock i.e., ROUTE MOBILE's Common Stock and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Common Stock
Accounts Payable
An accounting item on the balance sheet that represents ROUTE MOBILE obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of ROUTE MOBILE LIMITED are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from ROUTE MOBILE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ROUTE MOBILE LIMITED 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in ROUTE MOBILE LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
As of the 24th of December 2024,
Tax Provision is likely to grow to about 695.5
M, while
Selling General Administrative is likely to drop about 27.6
M.
ROUTE MOBILE fundamental ratios Correlations
Click cells to compare fundamentals
ROUTE MOBILE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ROUTE MOBILE fundamental ratios Accounts
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Other Information on Investing in ROUTE Stock
Balance Sheet is a snapshot of the
financial position of ROUTE MOBILE LIMITED at a specified time, usually calculated after every quarter, six months, or one year. ROUTE MOBILE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ROUTE MOBILE 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 ROUTE currently owns. An asset can also be divided into two categories, current and non-current.