Norcros Net Income vs Capital Expenditures Analysis
| NXR Stock | | | 301.00 1.00 0.33% |
Norcros Plc financial indicator trend analysis is infinitely more than just investigating Norcros Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Norcros Plc is a good investment. Please check the relationship between Norcros Plc Net Income and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norcros Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Norcros Plc Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Norcros Plc's Net Income and Capital Expenditures is -0.01. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Norcros Plc, assuming nothing else is changed. The correlation between historical values of Norcros Plc's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Norcros Plc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Norcros Plc's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Norcros Plc financial statement analysis. It represents the amount of money remaining after all of Norcros Plc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Norcros Plc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Norcros Plc operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Norcros Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Norcros Plc 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 Norcros Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
At present, Norcros Plc's
Discontinued Operations is projected to increase significantly based on the last few years of reporting.
Norcros Plc fundamental ratios Correlations
Click cells to compare fundamentals
Norcros Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Norcros Plc fundamental ratios Accounts
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Other Information on Investing in Norcros Stock
Balance Sheet is a snapshot of the
financial position of Norcros Plc at a specified time, usually calculated after every quarter, six months, or one year. Norcros Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Norcros Plc and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Norcros currently owns. An asset can also be divided into two categories, current and non-current.