Spirent Change In Working Capital vs Capital Expenditures Analysis
| SPT Stock | | | 198.80 1.20 0.60% |
Spirent Communications financial indicator trend analysis is much more than just breaking down Spirent Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirent Communications is a good investment. Please check the relationship between Spirent Communications Change In Working Capital and its Capital Expenditures accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spirent Communications plc. 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.
Change In Working Capital vs Capital Expenditures
Change In Working Capital vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spirent Communications Change In Working Capital account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Spirent Communications' Change In Working Capital and Capital Expenditures is -0.43. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Spirent Communications plc, assuming nothing else is changed. The correlation between historical values of Spirent Communications' Change In Working Capital 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 In Working Capital of Spirent Communications plc 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 In Working Capital i.e., Spirent Communications' Change In Working Capital and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Capital Expenditures
Capital Expenditures are funds used by Spirent Communications to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Spirent Communications operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Spirent Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirent Communications 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 Spirent Communications plc. 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 current year's
Selling General Administrative is expected to grow to about 86.2
M, whereas
Tax Provision is forecasted to decline to about 855
K.
Spirent Communications fundamental ratios Correlations
Click cells to compare fundamentals
Spirent Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirent Communications fundamental ratios Accounts
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Other Information on Investing in Spirent Stock
Balance Sheet is a snapshot of the
financial position of Spirent Communications at a specified time, usually calculated after every quarter, six months, or one year. Spirent Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spirent Communications 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 Spirent currently owns. An asset can also be divided into two categories, current and non-current.