Marssenger Depreciation vs Other Non Cash Items Analysis

300894 Stock   14.66  0.10  0.68%   
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 Depreciation and its Other Non Cash Items 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.

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marssenger Kitchenware Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Marssenger Kitchenware's Depreciation and Other Non Cash Items is 0.87. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items 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 Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Marssenger Kitchenware Co are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Marssenger Kitchenware's Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Depreciation

Depreciation indicates how much of Marssenger Kitchenware value has been used up. For tax purposes Marssenger Kitchenware can deduct the cost of the tangible assets it purchases as business expenses. However, Marssenger Kitchenware Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Other Non Cash Items

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 Income18.8M20.6M25.8M16.2M
Tax Provision60.1M38.3M28.4M33.8M

Marssenger Kitchenware fundamental ratios Correlations

-0.890.990.980.980.870.980.970.730.940.90.880.97-0.120.971.00.831.00.90.920.990.90.910.720.920.23
-0.89-0.93-0.83-0.8-0.62-0.91-0.96-0.91-0.91-0.83-0.9-0.770.45-0.92-0.88-0.94-0.86-0.83-0.79-0.83-0.89-0.96-0.39-0.960.12
0.99-0.930.970.960.850.990.990.810.920.910.870.94-0.140.960.980.840.980.910.940.960.890.930.670.940.1
0.98-0.830.971.00.920.980.920.710.850.930.80.990.020.910.970.750.990.930.950.980.810.840.740.850.2
0.98-0.80.961.00.940.960.910.690.840.930.790.990.070.90.960.720.980.930.960.980.790.840.780.840.22
0.87-0.620.850.920.940.820.790.590.670.880.670.950.350.760.840.560.880.880.930.880.640.720.890.720.27
0.98-0.910.990.980.960.820.950.770.90.910.820.94-0.150.940.970.810.980.910.920.960.840.880.610.890.09
0.97-0.960.990.920.910.790.950.840.940.850.90.89-0.220.970.960.870.950.850.910.920.930.970.630.980.06
0.73-0.910.810.710.690.590.770.840.680.820.730.64-0.30.720.70.80.70.820.780.640.660.880.280.85-0.45
0.94-0.910.920.850.840.670.90.940.680.750.950.83-0.390.990.950.910.920.750.750.920.990.920.570.950.29
0.9-0.830.910.930.930.880.910.850.820.750.790.93-0.040.820.880.790.91.00.890.890.710.840.60.810.0
0.88-0.90.870.80.790.670.820.90.730.950.790.8-0.430.940.90.970.870.790.70.860.960.950.530.940.24
0.97-0.770.940.990.990.950.940.890.640.830.930.80.080.890.960.720.980.930.930.980.790.810.80.820.3
-0.120.45-0.140.020.070.35-0.15-0.22-0.3-0.39-0.04-0.430.08-0.28-0.16-0.58-0.09-0.040.18-0.08-0.41-0.320.5-0.320.15
0.97-0.920.960.910.90.760.940.970.720.990.820.940.89-0.280.980.890.960.810.840.950.980.940.650.960.25
1.0-0.880.980.970.960.840.970.960.70.950.880.90.96-0.160.980.851.00.880.890.990.920.90.710.920.28
0.83-0.940.840.750.720.560.810.870.80.910.790.970.72-0.580.890.850.810.790.640.80.920.930.340.920.06
1.0-0.860.980.990.980.880.980.950.70.920.90.870.98-0.090.961.00.810.90.911.00.890.880.730.90.27
0.9-0.830.910.930.930.880.910.850.820.751.00.790.93-0.040.810.880.790.90.890.890.710.840.60.810.0
0.92-0.790.940.950.960.930.920.910.780.750.890.70.930.180.840.890.640.910.890.890.710.840.770.840.01
0.99-0.830.960.980.980.880.960.920.640.920.890.860.98-0.080.950.990.81.00.890.890.880.850.750.870.34
0.9-0.890.890.810.790.640.840.930.660.990.710.960.79-0.410.980.920.920.890.710.710.880.930.570.950.31
0.91-0.960.930.840.840.720.880.970.880.920.840.950.81-0.320.940.90.930.880.840.840.850.930.550.990.0
0.72-0.390.670.740.780.890.610.630.280.570.60.530.80.50.650.710.340.730.60.770.750.570.550.580.54
0.92-0.960.940.850.840.720.890.980.850.950.810.940.82-0.320.960.920.920.90.810.840.870.950.990.580.05
0.230.120.10.20.220.270.090.06-0.450.290.00.240.30.150.250.280.060.270.00.010.340.310.00.540.05
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Marssenger Kitchenware Account Relationship Matchups

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Other Information on Investing in Marssenger Stock

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.