| APPS Stock | | | USD 1.44 0.01 0.70% |
Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Depreciation and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Digital Stock please use our
How to Invest in Digital Turbine guide.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Digital Turbine Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Digital Turbine's Depreciation and Capital Expenditures is 0.96. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Depreciation 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 Depreciation of Digital Turbine 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 Depreciation i.e., Digital Turbine's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Depreciation
Depreciation indicates how much of Digital Turbine value has been used up. For tax purposes Digital Turbine can deduct the cost of the tangible assets it purchases as business expenses. However, Digital Turbine 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.
Capital Expenditures
Capital Expenditures are funds used by Digital Turbine to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Digital Turbine operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine 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 Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Digital Stock please use our
How to Invest in Digital Turbine guide.At this time, Digital Turbine's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 16.1
M in 2024, whereas
Discontinued Operations is likely to drop (359.1
K) in 2024.
Digital Turbine fundamental ratios Correlations
Click cells to compare fundamentals
Digital Turbine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digital Turbine fundamental ratios Accounts
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Additional Tools for Digital Stock Analysis
When running Digital Turbine's price analysis, check to
measure Digital Turbine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to
predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine to your portfolios can decrease your overall portfolio volatility.