FORTY Stock | | | USD 85.20 1.79 2.06% |
Formula Systems financial indicator trend analysis is much more than just examining Formula Systems 1985 latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Formula Systems 1985 is a good investment. Please check the relationship between Formula Systems Property Plant Equipment and its Current Deferred Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Property Plant Equipment vs Current Deferred Revenue
Property Plant Equipment vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Formula Systems 1985 Property Plant Equipment account and
Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Formula Systems' Property Plant Equipment and Current Deferred Revenue is 0.95. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Formula Systems 1985, assuming nothing else is changed. The correlation between historical values of Formula Systems' Property Plant Equipment and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Formula Systems 1985 are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Property Plant Equipment i.e., Formula Systems' Property Plant Equipment and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Formula Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Formula Systems 1985 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Formula Systems'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 3.49 in 2024, whereas
Selling General Administrative is likely to drop slightly above 151.5
M in 2024.
Formula Systems fundamental ratios Correlations
Click cells to compare fundamentals
Formula Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Formula Systems fundamental ratios Accounts
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