LATAM Inventory vs Other Current Assets Analysis
| LTM Stock | USD 26.22 0.10 0.38% |
LATAM Airlines financial indicator trend analysis is infinitely more than just investigating LATAM Airlines Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LATAM Airlines Group is a good investment. Please check the relationship between LATAM Airlines Inventory and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LATAM Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Inventory vs Other Current Assets
Inventory vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LATAM Airlines Group Inventory account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between LATAM Airlines' Inventory and Other Current Assets is -0.67. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of LATAM Airlines Group, assuming nothing else is changed. The correlation between historical values of LATAM Airlines' Inventory and Other Current Assets 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 LATAM Airlines Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., LATAM Airlines' Inventory and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.67 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Inventory
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from LATAM Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LATAM Airlines Group 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 LATAM Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, LATAM Airlines' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of September 2024, Enterprise Value Over EBITDA is likely to grow to about 13.1 K, while Selling General Administrative is likely to drop about 604.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 748.0M | 911.8M | 682.9M | 790.2M | Depreciation And Amortization | 1.2B | 1.2B | 1.2B | 987.9M |
LATAM Airlines fundamental ratios Correlations
Click cells to compare fundamentals
LATAM Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether LATAM Airlines Group is a strong investment it is important to analyze LATAM Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LATAM Airlines' future performance. For an informed investment choice regarding LATAM Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LATAM Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of LATAM Airlines. If investors know LATAM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about LATAM Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of LATAM Airlines Group is measured differently than its book value, which is the value of LATAM that is recorded on the company's balance sheet. Investors also form their own opinion of LATAM Airlines' value that differs from its market value or its book value, called intrinsic value, which is LATAM Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because LATAM Airlines' market value can be influenced by many factors that don't directly affect LATAM Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LATAM Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if LATAM Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LATAM Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.