Lamb Weston Property Plant and Equipment Net vs Current Assets Analysis

LW -- USA Stock  

Earning Report: January 3, 2020  

Lamb Weston financial indicator trend analysis is infinitely more than just investigating Lamb Weston Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lamb Weston Holdings is a good investment. Please check the relationship between Lamb Weston Property Plant and Equipment Net and its Current Assets accounts. Please see also Stocks Correlation.

Property Plant and Equipment Net vs Current Assets

Accounts Relationship

Property Plant and Equipment Net vs Current Assets

Significance: Almost Identical Trend

Property Plant and Equipment Net diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Lamb Weston Holdings Property Plant and Equipment Net account and Current Assets

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant and Equipment Net

A component of [Assets] representing the amount after accumulated depreciation; depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale.

Current Assets

Current assets of Lamb Weston Holdings include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Lamb Weston. The current portion of [Assets]; reported if a company operates a classified balance sheet that segments current and non-current assets.
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