SHLS Stock | | | USD 4.51 0.06 1.31% |
Shoals Technologies financial indicator trend analysis is much more than just breaking down Shoals Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shoals Technologies is a good investment. Please check the relationship between Shoals Technologies Other Non Cash Items and its Change Receivables accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies 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 bureau of economic analysis.
Other Non Cash Items vs Change Receivables
Other Non Cash Items vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shoals Technologies Other Non Cash Items account and
Change Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shoals Technologies' Other Non Cash Items and Change Receivables is -0.69. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Shoals Technologies Group, assuming nothing else is changed. The correlation between historical values of Shoals Technologies' Other Non Cash Items and Change Receivables 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 Non Cash Items of Shoals Technologies Group are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Other Non Cash Items i.e., Shoals Technologies' Other Non Cash Items and Change Receivables go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Non Cash Items
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Most indicators from Shoals Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shoals Technologies 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies 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 bureau of economic analysis.
At this time, Shoals Technologies'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 4.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 4.2
M in 2024.
Shoals Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Shoals Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shoals Technologies fundamental ratios Accounts
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Additional Tools for Shoals Stock Analysis
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