LiCycle Inventory vs Property Plant And Equipment Net Analysis

LICY Stock  USD 2.42  0.30  14.15%   
LiCycle Holdings financial indicator trend analysis is infinitely more than just investigating LiCycle Holdings Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LiCycle Holdings Corp is a good investment. Please check the relationship between LiCycle Holdings Inventory and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LiCycle Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Inventory vs Property Plant And Equipment Net

Inventory vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LiCycle Holdings Corp Inventory account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have totally related.
The correlation between LiCycle Holdings' Inventory and Property Plant And Equipment Net is 1.0. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of LiCycle Holdings Corp, assuming nothing else is changed. The correlation between historical values of LiCycle Holdings' Inventory and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of LiCycle Holdings Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Inventory i.e., LiCycle Holdings' Inventory and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Inventory

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.
Most indicators from LiCycle Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LiCycle Holdings Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LiCycle Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, LiCycle Holdings' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 105 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation2.9M10.1M8.9M5.1M
Cost Of Revenue3.1M16.6M83.9M88.1M

LiCycle Holdings fundamental ratios Correlations

-0.20.230.21-0.39-0.97-0.190.230.860.290.21-0.930.240.03-0.92-0.79-0.040.210.020.180.03-0.82-0.260.130.080.3
-0.20.860.870.980.350.950.860.27-0.970.860.510.850.210.540.70.940.860.710.880.920.680.950.890.91-0.96
0.230.861.00.78-0.070.911.00.65-0.861.00.111.00.210.150.340.961.00.691.00.980.360.881.00.99-0.86
0.210.871.00.78-0.060.921.00.64-0.861.00.121.00.180.160.350.971.00.691.00.980.370.881.00.99-0.86
-0.390.980.780.780.530.950.780.08-0.980.780.670.770.220.70.810.910.780.650.80.880.820.960.830.85-0.98
-0.970.35-0.07-0.060.530.34-0.08-0.8-0.43-0.060.98-0.090.10.980.840.2-0.060.04-0.030.120.910.410.020.07-0.44
-0.190.950.910.920.950.340.910.29-0.980.920.50.910.220.540.660.990.920.670.930.970.711.00.950.96-0.99
0.230.861.01.00.78-0.080.910.67-0.861.00.11.00.180.140.350.961.00.741.00.980.340.870.990.98-0.85
0.860.270.650.640.08-0.80.290.67-0.20.64-0.670.660.03-0.65-0.390.420.640.460.620.49-0.470.210.580.53-0.18
0.29-0.97-0.86-0.86-0.98-0.43-0.98-0.86-0.2-0.86-0.59-0.85-0.2-0.62-0.77-0.96-0.86-0.73-0.88-0.94-0.76-0.99-0.9-0.921.0
0.210.861.01.00.78-0.060.921.00.64-0.860.121.00.180.160.350.971.00.691.00.980.370.881.00.99-0.86
-0.930.510.110.120.670.980.50.1-0.67-0.590.120.090.141.00.910.370.120.180.150.30.970.570.20.25-0.6
0.240.851.01.00.77-0.090.911.00.66-0.851.00.090.180.130.330.961.00.691.00.980.340.870.990.99-0.85
0.030.210.210.180.220.10.220.180.03-0.20.180.140.180.150.020.210.190.160.170.20.180.220.180.21-0.22
-0.920.540.150.160.70.980.540.14-0.65-0.620.161.00.130.150.910.410.160.190.190.340.980.60.240.29-0.63
-0.790.70.340.350.810.840.660.35-0.39-0.770.350.910.330.020.910.560.350.550.380.50.920.710.420.46-0.76
-0.040.940.960.970.910.20.990.960.42-0.960.970.370.960.210.410.560.970.690.971.00.60.980.980.99-0.96
0.210.861.01.00.78-0.060.921.00.64-0.861.00.121.00.190.160.350.970.691.00.980.370.881.00.99-0.86
0.020.710.690.690.650.040.670.740.46-0.730.690.180.690.160.190.550.690.690.70.70.320.650.70.7-0.69
0.180.881.01.00.8-0.030.931.00.62-0.881.00.151.00.170.190.380.971.00.70.990.40.91.00.99-0.88
0.030.920.980.980.880.120.970.980.49-0.940.980.30.980.20.340.51.00.980.70.990.530.950.991.0-0.94
-0.820.680.360.370.820.910.710.34-0.47-0.760.370.970.340.180.980.920.60.370.320.40.530.760.440.49-0.78
-0.260.950.880.880.960.411.00.870.21-0.990.880.570.870.220.60.710.980.880.650.90.950.760.920.94-1.0
0.130.891.01.00.830.020.950.990.58-0.91.00.20.990.180.240.420.981.00.71.00.990.440.921.0-0.9
0.080.910.990.990.850.070.960.980.53-0.920.990.250.990.210.290.460.990.990.70.991.00.490.941.0-0.92
0.3-0.96-0.86-0.86-0.98-0.44-0.99-0.85-0.181.0-0.86-0.6-0.85-0.22-0.63-0.76-0.96-0.86-0.69-0.88-0.94-0.78-1.0-0.9-0.92
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LiCycle Holdings Account Relationship Matchups

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