Argo Depreciation vs Investments Analysis

ARB Stock   6.20  0.20  3.33%   
Argo Blockchain financial indicator trend analysis is way more than just evaluating Argo Blockchain PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Blockchain PLC is a good investment. Please check the relationship between Argo Blockchain Depreciation and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Depreciation vs Investments

Depreciation vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Blockchain PLC Depreciation account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Argo Blockchain's Depreciation and Investments is -0.31. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Investments in the same time period over historical financial statements of Argo Blockchain PLC, assuming nothing else is changed. The correlation between historical values of Argo Blockchain's Depreciation and Investments 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 Argo Blockchain PLC are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Depreciation i.e., Argo Blockchain's Depreciation and Investments go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of Argo Blockchain PLC value has been used up. For tax purposes Argo Blockchain can deduct the cost of the tangible assets it purchases as business expenses. However, Argo Blockchain PLC 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.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Argo Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Blockchain PLC 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 Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Argo Blockchain's Selling General Administrative is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Total Revenue100.1M47.4M73.0M47.4M
Depreciation And Amortization11.5M23.4M20.5M11.8M

Argo Blockchain fundamental ratios Correlations

0.740.980.90.910.960.730.080.950.020.950.980.910.920.280.580.950.990.730.851.00.710.940.470.730.96
0.740.850.410.440.860.9-0.580.52-0.160.870.680.440.480.810.850.510.720.90.90.760.90.510.880.130.56
0.980.850.810.830.990.85-0.110.89-0.070.990.940.820.840.460.720.880.970.840.930.980.830.870.650.590.91
0.90.410.811.00.760.430.480.970.110.760.940.980.99-0.080.240.990.920.430.580.890.40.990.140.930.97
0.910.440.831.00.770.450.450.970.130.770.950.991.0-0.040.251.00.930.460.60.90.420.990.170.930.97
0.960.860.990.760.770.9-0.170.86-0.121.00.890.770.770.480.790.830.930.880.960.960.880.810.670.520.87
0.730.90.850.430.450.9-0.510.58-0.290.910.630.450.450.730.970.530.70.950.970.750.980.510.890.130.6
0.08-0.58-0.110.480.45-0.17-0.510.330.17-0.180.180.410.42-0.79-0.620.380.11-0.55-0.40.03-0.570.37-0.730.660.28
0.950.520.890.970.970.860.580.330.030.850.950.950.960.030.40.980.960.580.710.940.550.970.270.850.99
0.02-0.16-0.070.110.13-0.12-0.290.170.03-0.160.050.280.14-0.38-0.440.090.02-0.03-0.080.07-0.120.2-0.220.410.15
0.950.870.990.760.771.00.91-0.180.85-0.160.890.760.770.510.80.830.930.870.950.950.870.810.690.50.86
0.980.680.940.940.950.890.630.180.950.050.890.940.960.220.440.970.990.640.760.970.60.960.40.790.96
0.910.440.820.980.990.770.450.410.950.280.760.940.98-0.050.230.980.920.490.620.90.451.00.190.940.98
0.920.480.840.991.00.770.450.420.960.140.770.960.980.010.250.990.940.470.610.90.420.990.20.920.96
0.280.810.46-0.08-0.040.480.73-0.790.03-0.380.510.22-0.050.010.780.040.260.680.620.30.710.020.92-0.340.06
0.580.850.720.240.250.790.97-0.620.4-0.440.80.440.230.250.780.340.530.880.880.590.930.30.88-0.090.41
0.950.510.880.991.00.830.530.380.980.090.830.970.980.990.040.340.960.530.670.930.490.990.250.890.98
0.990.720.970.920.930.930.70.110.960.020.930.990.920.940.260.530.960.70.810.990.670.950.450.750.97
0.730.90.840.430.460.880.95-0.550.58-0.030.870.640.490.470.680.880.530.70.970.770.990.540.890.210.63
0.850.90.930.580.60.960.97-0.40.71-0.080.950.760.620.610.620.880.670.810.970.870.970.670.820.340.75
1.00.760.980.890.90.960.750.030.940.070.950.970.90.90.30.590.930.990.770.870.740.930.510.720.96
0.710.90.830.40.420.880.98-0.570.55-0.120.870.60.450.420.710.930.490.670.990.970.740.50.90.140.6
0.940.510.870.990.990.810.510.370.970.20.810.961.00.990.020.30.990.950.540.670.930.50.250.910.99
0.470.880.650.140.170.670.89-0.730.27-0.220.690.40.190.20.920.880.250.450.890.820.510.90.25-0.110.32
0.730.130.590.930.930.520.130.660.850.410.50.790.940.92-0.34-0.090.890.750.210.340.720.140.91-0.110.86
0.960.560.910.970.970.870.60.280.990.150.860.960.980.960.060.410.980.970.630.750.960.60.990.320.86
Click cells to compare fundamentals

Argo Blockchain Account Relationship Matchups

Argo Blockchain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets32.4M44.5M388.3M91.4M75.9M119.9M
Other Current Liab576.1K568.4K11.3M5.2M10.9M11.5M
Total Current Liabilities5.2M6.0M73.8M20.1M27.6M24.4M
Total Stockholder Equity27.2M33.2M272.4M11.4M156.7K148.8K
Net Tangible Assets20.3M24.0M201.5M9.7M11.1M10.6M
Property Plant And Equipment Net20.2M24.4M151.1M64.3M59.7M59.1M
Net Debt1.2M7.4M57.0M46.3M55.1M27.6M
Retained Earnings(6.5M)29.9M71.3M(141.4M)(190.7M)(181.2M)
Accounts Payable3.2M548.3K20.6M2.8M185.1K175.9K
Cash211.5K2.8M15.9M16.7M7.4M10.9M
Non Current Assets Total28.1M32.4M177.9M68.7M77.1M71.0M
Non Currrent Assets Other6.8M(1.16)109.0M2.6M16.5M25.3M
Cash And Short Term Investments1.6M9.1M124.9M17.0M7.8M7.4M
Net Receivables2.0M1.7M15.9M683K1.9M1.8M
Common Stock Shares Outstanding293.8M344.6M415.2M473.9M503.9M406.5M
Short Term Investments1.4M6.3M109.0M368K385K365.8K
Liabilities And Stockholders Equity32.4M44.5M388.3M91.4M75.9M119.9M
Non Current Liabilities Total4.7M5.3M42.1M59.9M47.8M29.3M
Other Current Assets2.7M472.4K47.4M5.0M7.1M11.5M
Other Stockholder Equity33.3M2.8M200.1M184.3M190.0M116.6M
Total Liab5.2M11.3M115.9M80.0M75.8M52.9M
Net Invested Capital21.8M24.4M255.5M73.9M62.7M84.3M
Property Plant And Equipment Gross15.4M17.9M176.5M177.6M178.5M104.2M
Total Current Assets4.3M12.1M210.4M22.7M14.9M14.2M
Accumulated Other Comprehensive Income178.2K518.1K8.9M8.6M(14.1M)(13.4M)
Net Working Capital(699.1K)4.5M101.2M2.5M(12.7M)(12.0M)
Intangible Assets631.9K501.2K7.5M1.8M776K737.2K
Common Stock385.2K413.5K631.6K478K900.0K568.7K
Property Plant Equipment15.4M17.9M112.0M64.3M73.9M46.6M

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When determining whether Argo Blockchain PLC is a strong investment it is important to analyze Argo Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Blockchain's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Please note, there is a significant difference between Argo Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.