AMX Stock | | | USD 15.10 0.09 0.60% |
America Movil financial indicator trend analysis is way more than just evaluating America Movil SAB prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether America Movil SAB is a good investment. Please check the relationship between America Movil Other Assets and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in America Movil SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Other Assets vs Accounts Payable
Other Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
America Movil SAB Other Assets account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between America Movil's Other Assets and Accounts Payable is 0.22. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of America Movil SAB, assuming nothing else is changed. The correlation between historical values of America Movil's Other Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of America Movil SAB are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Assets i.e., America Movil's Other Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Assets
Accounts Payable
An accounting item on the balance sheet that represents America Movil obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of America Movil SAB are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from America Movil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into America Movil SAB 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in America Movil SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, America Movil's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 66.13 in 2024, whereas
Selling General Administrative is likely to drop slightly above 55.5
B in 2024.
America Movil fundamental ratios Correlations
Click cells to compare fundamentals
America Movil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
America Movil fundamental ratios Accounts
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measure America Movil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy America Movil is operating at the current time. Most of America Movil's value examination focuses on studying past and present price action to
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