Marssenger Capital Expenditures vs Net Income Analysis
300894 Stock | 15.43 0.77 5.25% |
Marssenger Kitchenware financial indicator trend analysis is infinitely more than just investigating Marssenger Kitchenware recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marssenger Kitchenware is a good investment. Please check the relationship between Marssenger Kitchenware Capital Expenditures and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Marssenger Kitchenware Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marssenger Kitchenware Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Marssenger Kitchenware's Capital Expenditures and Net Income is -0.46. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Marssenger Kitchenware Co, assuming nothing else is changed. The correlation between historical values of Marssenger Kitchenware's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Marssenger Kitchenware Co are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Marssenger Kitchenware's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Marssenger Kitchenware to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Marssenger Kitchenware operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Marssenger Kitchenware financial statement analysis. It represents the amount of money remaining after all of Marssenger Kitchenware Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Marssenger Kitchenware's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marssenger Kitchenware 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 Marssenger Kitchenware Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Tax Provision is expected to grow to about 33.8 M, whereas Selling General Administrative is forecasted to decline to about 536.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 18.8M | 20.6M | 25.8M | 16.2M | Tax Provision | 60.1M | 38.3M | 28.4M | 33.8M |
Marssenger Kitchenware fundamental ratios Correlations
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Marssenger Kitchenware Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Marssenger Kitchenware at a specified time, usually calculated after every quarter, six months, or one year. Marssenger Kitchenware Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Marssenger Kitchenware 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 Marssenger currently owns. An asset can also be divided into two categories, current and non-current.