Dev Depreciation And Amortization vs Property Plant Equipment Analysis

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 DirectionPositive 
Relationship StrengthSignificant

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 Expense7.5M13.9M14.2M12.8M
Depreciation And Amortization18.2M12.5M14.0M14.0M

Dev Information fundamental ratios Correlations

0.870.740.820.980.89-0.250.450.870.180.510.950.270.60.940.870.420.410.630.40.880.980.780.640.930.69
0.870.740.690.860.81-0.450.530.81-0.040.570.830.40.610.770.780.410.340.550.240.750.860.880.620.70.45
0.740.740.490.770.72-0.530.660.88-0.230.330.830.540.380.650.710.330.330.250.210.540.660.640.740.630.62
0.820.690.490.70.59-0.180.140.630.630.730.650.120.690.790.670.050.340.610.420.980.880.750.540.750.56
0.980.860.770.70.91-0.280.470.880.030.440.970.280.580.910.90.440.420.590.350.770.940.750.60.930.67
0.890.810.720.590.91-0.160.510.81-0.080.360.920.190.460.770.820.590.380.630.380.690.830.60.520.840.64
-0.25-0.45-0.53-0.18-0.28-0.16-0.21-0.360.23-0.27-0.35-0.77-0.37-0.09-0.330.15-0.470.030.11-0.14-0.19-0.5-0.28-0.030.26
0.450.530.660.140.470.51-0.210.73-0.4-0.20.510.35-0.110.480.380.650.190.00.480.270.390.230.70.270.52
0.870.810.880.630.880.81-0.360.73-0.090.390.870.350.520.790.830.440.410.510.430.70.830.680.80.770.74
0.18-0.04-0.230.630.03-0.080.23-0.4-0.090.38-0.05-0.370.290.290.05-0.29-0.050.180.30.550.30.190.00.220.09
0.510.570.330.730.440.36-0.27-0.20.390.380.370.030.930.360.57-0.310.20.7-0.070.640.570.810.250.510.23
0.950.830.830.650.970.92-0.350.510.87-0.050.370.430.480.860.820.490.440.520.340.730.880.670.660.890.66
0.270.40.540.120.280.19-0.770.350.35-0.370.030.430.030.190.090.170.39-0.03-0.090.150.170.250.50.040.01
0.60.610.380.690.580.46-0.37-0.110.520.290.930.480.030.410.74-0.250.370.750.00.620.650.830.220.590.22
0.940.770.650.790.910.77-0.090.480.790.290.360.860.190.410.730.480.210.460.440.870.950.680.640.880.74
0.870.780.710.670.90.82-0.330.380.830.050.570.820.090.740.730.140.510.590.380.680.860.780.410.850.55
0.420.410.330.050.440.590.150.650.44-0.29-0.310.490.17-0.250.480.14-0.030.210.20.250.370.040.450.30.41
0.410.340.330.340.420.38-0.470.190.41-0.050.20.440.390.370.210.51-0.030.350.380.320.380.240.250.320.07
0.630.550.250.610.590.630.030.00.510.180.70.52-0.030.750.460.590.210.350.090.640.660.530.290.630.45
0.40.240.210.420.350.380.110.480.430.3-0.070.34-0.090.00.440.380.20.380.090.450.420.070.460.40.45
0.880.750.540.980.770.69-0.140.270.70.550.640.730.150.620.870.680.250.320.640.450.920.740.620.780.62
0.980.860.660.880.940.83-0.190.390.830.30.570.880.170.650.950.860.370.380.660.420.920.80.60.910.68
0.780.880.640.750.750.6-0.50.230.680.190.810.670.250.830.680.780.040.240.530.070.740.80.470.660.32
0.640.620.740.540.60.52-0.280.70.80.00.250.660.50.220.640.410.450.250.290.460.620.60.470.530.67
0.930.70.630.750.930.84-0.030.270.770.220.510.890.040.590.880.850.30.320.630.40.780.910.660.530.77
0.690.450.620.560.670.640.260.520.740.090.230.660.010.220.740.550.410.070.450.450.620.680.320.670.77
Click cells to compare fundamentals

Dev Information Account Relationship Matchups

Dev Information fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets580.7M629.7M664.8M677.4M954.9M572.6M
Short Long Term Debt Total108.1M109.6M97.7M72.9M145.8M99.8M
Other Current Liab130.0M79.3M58.7M63.3M115.3M121.1M
Total Current Liabilities223.2M272.9M324.4M222.4M310.1M258.9M
Total Stockholder Equity332.8M338.8M327.9M415.5M554.5M278.4M
Property Plant And Equipment Net84.0M79.2M91.8M95.4M132.3M81.2M
Current Deferred Revenue(91.2M)(96.7M)58.8M45.0M1.2M1.2M
Net Debt70.7M31.6M9.4M48.0M111.8M117.4M
Retained Earnings178.7M184.1M117.2M201.5M290.2M304.7M
Accounts Payable93.2M97.4M177.2M123.5M102.6M99.2M
Cash37.4M78.0M88.3M25.0M34M48.6M
Non Current Assets Total204.0M191.4M172.8M215.9M304.4M155.8M
Non Currrent Assets Other32.9M44.5M3.2M7M37.2M19.0M
Cash And Short Term Investments49.7M106.1M88.3M51.6M38.4M59.5M
Net Receivables266.3M218.6M310.8M350.1M513.7M271.0M
Liabilities And Stockholders Equity580.7M629.7M664.8M677.4M954.9M572.6M
Non Current Liabilities Total22.2M16.1M12.6M39.0M61.9M31.9M
Inventory57.0M86.1M46.8M49.8M63.4M56.5M
Other Current Assets3.8M51.2M46.2M36.6M40.1M33.5M
Other Stockholder Equity47.6M47.6M(3.5M)49.5M96.9M101.7M
Total Liab245.4M289.0M337.0M261.3M372.0M290.8M
Total Current Assets376.8M438.4M492.1M461.5M650.5M416.8M
Accumulated Other Comprehensive Income51.2M102.9M52.6M53.9M55.1M72.3M
Short Term Debt91.2M96.7M88.4M35.5M90.3M65.5M
Intangible Assets21.3M19.4M12.3M13.6M57.3M60.2M
Good Will23.4M15.2M7.1M44.8M62.8M65.9M
Short Term Investments12.3M28.2M17.8M26.7M4.4M4.2M
Long Term Debt11.8M10.5M7.9M36.5M40.4M23.6M
Long Term Debt Total16.9M13.3M7.9M37.4M43.0M23.3M
Cash And Equivalents63.5M110.7M88.3M25.0M22.5M21.3M
Property Plant Equipment84.0M79.2M83.1M84.0M96.6M86.6M
Net Invested Capital440.9M448.4M424.6M487.5M682.8M530.8M
Short Long Term Debt91.2M96.3M89.3M35.5M87.9M63.0M
Non Current Liabilities Other4.3M2.7M(1K)2K1.8K1.7K
Net Working Capital153.5M165.5M167.7M239.1M340.3M229.5M

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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.