Solventum Change To Account Receivables vs Capital Expenditures Analysis
SOLV Stock | 70.01 0.48 0.68% |
Solventum Corp financial indicator trend analysis is much more than just breaking down Solventum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solventum Corp is a good investment. Please check the relationship between Solventum Corp Change To Account Receivables and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.
Change To Account Receivables vs Capital Expenditures
Change To Account Receivables vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solventum Corp Change To Account Receivables account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Solventum Corp's Change To Account Receivables and Capital Expenditures is -0.65. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Solventum Corp, assuming nothing else is changed. The correlation between historical values of Solventum Corp's Change To Account Receivables and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Solventum Corp are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Account Receivables i.e., Solventum Corp's Change To Account Receivables and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Change To Account Receivables
Capital Expenditures
Capital Expenditures are funds used by Solventum Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Solventum Corp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from Solventum Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solventum Corp 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 Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.At this time, Solventum Corp's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 2.5 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 5.71 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 597M | 578M | 561M | 467M | Tax Provision | 422M | 349M | 218M | 258.2M |
Solventum Corp fundamental ratios Correlations
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Solventum Corp Account Relationship Matchups
High Positive Relationship
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