Sky Payables Turnover vs Days Sales Outstanding Analysis
| SKYH-WT Stock | 2.88 0.28 8.86% |
Sky Harbour financial indicator trend analysis is much more than just breaking down Sky Harbour Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sky Harbour Group is a good investment. Please check the relationship between Sky Harbour Payables Turnover and its Days Sales Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Harbour Group. 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.
Payables Turnover vs Days Sales Outstanding
Payables Turnover vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Harbour Group Payables Turnover account and Days Sales Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Sky Harbour's Payables Turnover and Days Sales Outstanding is 0.21. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Sky Harbour Group, assuming nothing else is changed. The correlation between historical values of Sky Harbour's Payables Turnover and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Sky Harbour Group are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Payables Turnover i.e., Sky Harbour's Payables Turnover and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Days Sales Outstanding
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