DEVIT Stock | | | 161.20 0.28 0.17% |
Dev Information financial indicator trend analysis is much more than just examining Dev Information Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dev Information Tech is a good investment. Please check the relationship between Dev Information Depreciation And Amortization and its Property Plant Equipment accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dev Information Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Depreciation And Amortization vs Property Plant Equipment
Depreciation And Amortization vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dev Information Tech Depreciation And Amortization account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Dev Information's Depreciation And Amortization and Property Plant Equipment is 0.73. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Dev Information Technology, assuming nothing else is changed. The correlation between historical values of Dev Information's Depreciation And Amortization and Property Plant Equipment 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 And Amortization of Dev Information Technology are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Depreciation And Amortization i.e., Dev Information's Depreciation And Amortization and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Property Plant Equipment
Most indicators from Dev Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dev Information Tech 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dev Information Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Dev Information's
Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024,
Issuance Of Capital Stock is likely to grow to about 1.7
M, while
Tax Provision is likely to drop about 18.1
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 7.5M | 13.9M | 14.2M | 12.8M | Depreciation And Amortization | 18.2M | 12.5M | 14.0M | 14.0M |
Dev Information fundamental ratios Correlations
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Dev Information Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dev Information fundamental ratios Accounts
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Other Information on Investing in Dev Stock
Balance Sheet is a snapshot of the
financial position of Dev Information Tech at a specified time, usually calculated after every quarter, six months, or one year. Dev Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dev Information 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 Dev currently owns. An asset can also be divided into two categories, current and non-current.