Genelux Net Income vs Depreciation Analysis
| GNLX Stock | 2.33 0.19 7.54% |
Genelux Common financial indicator trend analysis is much more than just examining Genelux Common latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genelux Common is a good investment. Please check the relationship between Genelux Common Net Income and its Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genelux Common. 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. For more information on how to buy Genelux Stock please use our How to Invest in Genelux Common guide.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Genelux Common Net Income account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Genelux Common's Net Income and Depreciation is -0.58. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Genelux Common, assuming nothing else is changed. The correlation between historical values of Genelux Common's Net Income 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 Net Income of Genelux Common 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 Net Income i.e., Genelux Common's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Genelux Common financial statement analysis. It represents the amount of money remaining after all of Genelux Common operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation
Depreciation indicates how much of Genelux Common value has been used up. For tax purposes Genelux Common can deduct the cost of the tangible assets it purchases as business expenses. However, Genelux Common 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 Genelux Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genelux Common 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genelux Common. 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. For more information on how to buy Genelux Stock please use our How to Invest in Genelux Common guide.At this time, Genelux Common's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 71.45 in 2024, whereas Selling General Administrative is likely to drop slightly above 8.5 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 1.4M | 4.0M | 4.2M | Depreciation And Amortization | 895K | 968K | 1.0M | 883.5K |
Genelux Common fundamental ratios Correlations
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Genelux Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Genelux Common's price analysis, check to measure Genelux Common'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 Genelux Common is operating at the current time. Most of Genelux Common's value examination focuses on studying past and present price action to predict the probability of Genelux Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genelux Common's price. Additionally, you may evaluate how the addition of Genelux Common to your portfolios can decrease your overall portfolio volatility.