ECD Property Plant And Equipment Net vs Inventory Analysis

ECD Automotive financial indicator trend analysis is much more than just examining ECD Automotive Design latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECD Automotive Design is a good investment. Please check the relationship between ECD Automotive Property Plant And Equipment Net and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Property Plant And Equipment Net vs Inventory

Property Plant And Equipment Net vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Property Plant And Equipment Net account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between ECD Automotive's Property Plant And Equipment Net and Inventory is -0.98. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of ECD Automotive Design, assuming nothing else is changed. The correlation between historical values of ECD Automotive's Property Plant And Equipment Net and Inventory 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 And Equipment Net of ECD Automotive Design are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Property Plant And Equipment Net i.e., ECD Automotive's Property Plant And Equipment Net and Inventory go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Inventory

Most indicators from ECD Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECD Automotive Design 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. The current year's Issuance Of Capital Stock is expected to grow to 2,987, whereas Selling General Administrative is forecasted to decline to about 3.8 M.
 2010 2022 2023 2024 (projected)
Gross Profit2.6M3.8M4.3M3.5M
Total Revenue11.5M15.0M17.2M14.6M

ECD Automotive fundamental ratios Correlations

1.01.00.960.390.950.870.950.381.00.991.0-0.96-0.620.990.91-0.621.0-0.911.01.00.241.00.91-0.62-0.96
1.01.00.930.310.940.820.950.31.00.981.0-0.96-0.560.980.87-0.561.0-0.881.00.990.161.00.86-0.56-0.96
1.01.00.940.330.940.830.950.321.00.981.0-0.96-0.580.980.88-0.581.0-0.891.01.00.181.00.88-0.58-0.96
0.960.930.940.610.930.970.920.60.950.990.93-0.9-0.760.990.99-0.760.93-0.940.930.970.480.930.99-0.76-0.91
0.390.310.330.610.330.760.291.00.380.50.31-0.21-0.550.50.71-0.550.31-0.440.310.420.990.310.71-0.55-0.24
0.950.940.940.930.330.861.00.310.950.950.94-0.99-0.790.950.9-0.790.94-0.980.940.950.170.940.89-0.79-0.99
0.870.820.830.970.760.860.840.750.860.920.81-0.79-0.830.921.0-0.830.82-0.910.820.880.650.821.0-0.83-0.81
0.950.950.950.920.291.00.840.280.950.950.95-0.99-0.760.950.88-0.760.95-0.970.950.960.130.950.88-0.76-1.0
0.380.30.320.61.00.310.750.280.360.480.3-0.2-0.540.480.7-0.540.3-0.430.30.40.990.30.7-0.54-0.23
1.01.01.00.950.380.950.860.950.360.991.0-0.96-0.610.990.9-0.611.0-0.91.01.00.231.00.9-0.61-0.96
0.990.980.980.990.50.950.920.950.480.990.98-0.94-0.691.00.95-0.690.98-0.930.981.00.350.980.95-0.69-0.95
1.01.01.00.930.310.940.810.950.31.00.98-0.96-0.560.980.87-0.561.0-0.881.00.990.161.00.86-0.56-0.96
-0.96-0.96-0.96-0.9-0.21-0.99-0.79-0.99-0.2-0.96-0.94-0.960.69-0.94-0.840.69-0.960.94-0.96-0.96-0.05-0.96-0.840.691.0
-0.62-0.56-0.58-0.76-0.55-0.79-0.83-0.76-0.54-0.61-0.69-0.560.69-0.69-0.811.0-0.560.88-0.56-0.64-0.45-0.56-0.811.00.71
0.990.980.980.990.50.950.920.950.480.991.00.98-0.94-0.690.95-0.690.98-0.930.981.00.350.980.95-0.69-0.95
0.910.870.880.990.710.91.00.880.70.90.950.87-0.84-0.810.95-0.810.87-0.930.870.920.580.871.0-0.81-0.86
-0.62-0.56-0.58-0.76-0.55-0.79-0.83-0.76-0.54-0.61-0.69-0.560.691.0-0.69-0.81-0.560.88-0.56-0.64-0.45-0.56-0.811.00.71
1.01.01.00.930.310.940.820.950.31.00.981.0-0.96-0.560.980.87-0.56-0.881.00.990.161.00.86-0.56-0.96
-0.91-0.88-0.89-0.94-0.44-0.98-0.91-0.97-0.43-0.9-0.93-0.880.940.88-0.93-0.930.88-0.88-0.88-0.92-0.3-0.88-0.930.880.96
1.01.01.00.930.310.940.820.950.31.00.981.0-0.96-0.560.980.87-0.561.0-0.880.990.161.00.86-0.56-0.96
1.00.991.00.970.420.950.880.960.41.01.00.99-0.96-0.641.00.92-0.640.99-0.920.990.270.990.92-0.64-0.96
0.240.160.180.480.990.170.650.130.990.230.350.16-0.05-0.450.350.58-0.450.16-0.30.160.270.160.59-0.45-0.08
1.01.01.00.930.310.940.820.950.31.00.981.0-0.96-0.560.980.87-0.561.0-0.881.00.990.160.86-0.56-0.96
0.910.860.880.990.710.891.00.880.70.90.950.86-0.84-0.810.951.0-0.810.86-0.930.860.920.590.86-0.81-0.85
-0.62-0.56-0.58-0.76-0.55-0.79-0.83-0.76-0.54-0.61-0.69-0.560.691.0-0.69-0.811.0-0.560.88-0.56-0.64-0.45-0.56-0.810.71
-0.96-0.96-0.96-0.91-0.24-0.99-0.81-1.0-0.23-0.96-0.95-0.961.00.71-0.95-0.860.71-0.960.96-0.96-0.96-0.08-0.96-0.850.71
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ECD Automotive Account Relationship Matchups

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You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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