0QLX Stock | | | 1,145 20.00 1.78% |
METALL ZUG financial indicator trend analysis is infinitely more than just investigating METALL ZUG AG recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether METALL ZUG AG is a good investment. Please check the relationship between METALL ZUG Property Plant Equipment and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in METALL ZUG AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Property Plant Equipment vs Depreciation And Amortization
Property Plant Equipment vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
METALL ZUG AG Property Plant Equipment account and
Depreciation And Amortization. At this time, the significance of the direction appears to have very strong relationship.
The correlation between METALL ZUG's Property Plant Equipment and Depreciation And Amortization is 0.83. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of METALL ZUG AG, assuming nothing else is changed. The correlation between historical values of METALL ZUG's Property Plant Equipment and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of METALL ZUG AG are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Property Plant Equipment i.e., METALL ZUG's Property Plant Equipment and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from METALL ZUG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into METALL ZUG AG 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 METALL ZUG AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 58.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 3.4
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 1.3M | 1.3M | 1.5M | 1.4M | Depreciation And Amortization | 17.2M | 16.0M | 11.3M | 10.7M |
METALL ZUG fundamental ratios Correlations
Click cells to compare fundamentals
METALL ZUG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
METALL ZUG fundamental ratios Accounts
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