WESTLIFE | | | 795.90 15.50 1.99% |
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 Reconciled Depreciation and its Income Tax Expense 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.
Reconciled Depreciation vs Income Tax Expense
Reconciled Depreciation vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WESTLIFE FOODWORLD Reconciled Depreciation account and
Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between WESTLIFE FOODWORLD's Reconciled Depreciation and Income Tax Expense is 0.38. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Income Tax Expense 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 Reconciled Depreciation and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of WESTLIFE FOODWORLD LIMITED are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Reconciled Depreciation i.e., WESTLIFE FOODWORLD's Reconciled Depreciation and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Reconciled Depreciation
Income Tax Expense
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.
The WESTLIFE FOODWORLD's current
Tax Provision is estimated to increase to about 279.6
M, while
Selling General Administrative is projected to decrease to roughly 230
M.
WESTLIFE FOODWORLD fundamental ratios Correlations
Click cells to compare fundamentals
WESTLIFE FOODWORLD Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WESTLIFE FOODWORLD fundamental ratios Accounts
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Other Information on Investing in WESTLIFE Stock
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.