WESTLIFE FOODWORLD financial indicator trend analysis is more than just analyzing WESTLIFE FOODWORLD current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WESTLIFE FOODWORLD is a good investment. Please check the relationship between WESTLIFE FOODWORLD Income Tax Expense and its Other Operating Expenses accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESTLIFE FOODWORLD 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 bureau of economic analysis.
Income Tax Expense vs Other Operating Expenses
Income Tax Expense vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WESTLIFE FOODWORLD Income Tax Expense account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between WESTLIFE FOODWORLD's Income Tax Expense and Other Operating Expenses is 0.64. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of WESTLIFE FOODWORLD LIMITED, assuming nothing else is changed. The correlation between historical values of WESTLIFE FOODWORLD's Income Tax Expense and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of WESTLIFE FOODWORLD LIMITED are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Tax Expense i.e., WESTLIFE FOODWORLD's Income Tax Expense and Other Operating Expenses go up and down completely randomly.
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of WESTLIFE FOODWORLD. It is also known as WESTLIFE FOODWORLD overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from WESTLIFE FOODWORLD's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WESTLIFE FOODWORLD 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESTLIFE FOODWORLD 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 bureau of economic analysis.
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.
Balance Sheet is a snapshot of the financial position of WESTLIFE FOODWORLD at a specified time, usually calculated after every quarter, six months, or one year. WESTLIFE FOODWORLD Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WESTLIFE FOODWORLD 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 WESTLIFE currently owns. An asset can also be divided into two categories, current and non-current.