Nanjing Begin Period Cash Flow vs Depreciation Analysis
688273 Stock | 25.83 0.03 0.12% |
Nanjing Medlander financial indicator trend analysis is infinitely more than just investigating Nanjing Medlander Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Medlander Medical is a good investment. Please check the relationship between Nanjing Medlander Begin Period Cash Flow and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Medlander Medical. 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.
Begin Period Cash Flow vs Depreciation
Begin Period Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Medlander Medical Begin Period Cash Flow account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nanjing Medlander's Begin Period Cash Flow and Depreciation is 0.82. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Nanjing Medlander Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Medlander's Begin Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Nanjing Medlander Medical are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Begin Period Cash Flow i.e., Nanjing Medlander's Begin Period Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Depreciation
Depreciation indicates how much of Nanjing Medlander Medical value has been used up. For tax purposes Nanjing Medlander can deduct the cost of the tangible assets it purchases as business expenses. However, Nanjing Medlander Medical 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.Most indicators from Nanjing Medlander's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Medlander Medical 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 Nanjing Medlander Medical. 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 10.4 M, whereas Selling General Administrative is forecasted to decline to about 98.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 152.7K | 300.9K | 380.9K | 255.7K | Interest Income | 780.5K | 9.3M | 14.9M | 15.6M |
Nanjing Medlander fundamental ratios Correlations
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Nanjing Medlander Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Nanjing Stock
Balance Sheet is a snapshot of the financial position of Nanjing Medlander Medical at a specified time, usually calculated after every quarter, six months, or one year. Nanjing Medlander Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanjing Medlander 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 Nanjing currently owns. An asset can also be divided into two categories, current and non-current.