SHEL Stock | | | 2,394 11.00 0.46% |
Shell Plc financial indicator trend analysis is much more than just breaking down Shell plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shell plc is a good investment. Please check the relationship between Shell Plc Total Assets and its Property Plant And Equipment Gross accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shell 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 board of governors.
Total Assets vs Property Plant And Equipment Gross
Total Assets vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shell plc Total Assets account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shell Plc's Total Assets and Property Plant And Equipment Gross is 0.51. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Shell plc, assuming nothing else is changed. The correlation between historical values of Shell Plc's Total Assets and Property Plant And Equipment Gross 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 Shell plc are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Total Assets i.e., Shell Plc's Total Assets and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Shell 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 Shell 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.
Property Plant And Equipment Gross
Most indicators from Shell Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shell 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shell 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 board of governors.
Selling General Administrative is likely to drop to about 12.5
B in 2024.
Tax Provision is likely to drop to about 8.9
B in 2024
Shell Plc fundamental ratios Correlations
Click cells to compare fundamentals
Shell Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shell Plc fundamental ratios Accounts
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Additional Tools for Shell Stock Analysis
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