Golden Depreciation And Amortization vs Net Income From Continuing Ops Analysis

GOLDENTOBC   40.02  0.08  0.20%   
Golden Tobacco financial indicator trend analysis is much more than just examining Golden Tobacco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Tobacco is a good investment. Please check the relationship between Golden Tobacco Depreciation And Amortization and its Net Income From Continuing Ops accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Tobacco Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Depreciation And Amortization vs Net Income From Continuing Ops

Depreciation And Amortization vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Tobacco Depreciation And Amortization account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have pay attention.
The correlation between Golden Tobacco's Depreciation And Amortization and Net Income From Continuing Ops is -0.79. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Golden Tobacco Limited, assuming nothing else is changed. The correlation between historical values of Golden Tobacco's Depreciation And Amortization and Net Income From Continuing Ops 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 Golden Tobacco Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Depreciation And Amortization i.e., Golden Tobacco's Depreciation And Amortization and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

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.

Net Income From Continuing Ops

Most indicators from Golden Tobacco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Tobacco 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 Golden Tobacco Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to drop to about 1 M in 2024. Tax Provision is likely to drop to about 34.2 K in 2024
 2019 2020 2023 2024 (projected)
Gross Profit13.8M241.4M277.6M202.2M
Total Revenue193.9M417.9M376.2M685.0M

Golden Tobacco fundamental ratios Correlations

0.86-0.48-0.430.560.41-0.540.860.060.430.930.840.390.22-0.270.010.90.88-0.1-0.020.80.620.48-0.260.560.79
0.86-0.5-0.480.530.32-0.431.0-0.050.450.850.720.40.18-0.250.250.880.65-0.13-0.080.670.470.54-0.240.610.61
-0.48-0.50.92-0.92-0.740.22-0.47-0.5-0.83-0.27-0.21-0.83-0.730.26-0.26-0.6-0.32-0.340.350.1-0.640.00.31-0.9-0.76
-0.43-0.480.92-0.86-0.510.12-0.46-0.21-0.7-0.31-0.35-0.69-0.50.13-0.22-0.67-0.22-0.120.390.1-0.430.210.16-0.88-0.68
0.560.53-0.92-0.860.84-0.30.50.570.920.330.340.910.81-0.20.110.640.460.44-0.33-0.020.780.0-0.250.980.8
0.410.32-0.74-0.510.84-0.310.280.90.910.070.040.930.97-0.440.060.330.520.74-0.15-0.120.940.18-0.50.780.69
-0.54-0.430.220.12-0.3-0.31-0.42-0.14-0.36-0.44-0.53-0.34-0.220.140.62-0.41-0.56-0.15-0.13-0.44-0.48-0.420.14-0.3-0.46
0.861.0-0.47-0.460.50.28-0.42-0.090.410.860.730.360.14-0.230.250.880.65-0.17-0.070.690.440.55-0.220.580.59
0.06-0.05-0.5-0.210.570.9-0.14-0.090.73-0.3-0.340.760.93-0.390.04-0.090.250.86-0.03-0.370.780.12-0.450.490.39
0.430.45-0.83-0.70.920.91-0.360.410.730.140.141.00.91-0.340.110.460.420.66-0.34-0.140.850.09-0.40.930.67
0.930.85-0.27-0.310.330.07-0.440.86-0.30.140.910.09-0.13-0.070.030.880.73-0.42-0.030.90.30.46-0.040.350.61
0.840.72-0.21-0.350.340.04-0.530.73-0.340.140.910.09-0.150.01-0.230.850.69-0.390.010.810.270.30.030.360.6
0.390.4-0.83-0.690.910.93-0.340.360.761.00.090.090.93-0.340.110.410.390.7-0.33-0.190.850.07-0.40.910.65
0.220.18-0.73-0.50.810.97-0.220.140.930.91-0.13-0.150.93-0.380.080.170.310.82-0.17-0.330.850.06-0.440.760.54
-0.27-0.250.260.13-0.2-0.440.14-0.23-0.39-0.34-0.070.01-0.34-0.38-0.12-0.21-0.43-0.27-0.03-0.02-0.49-0.211.0-0.21-0.33
0.010.25-0.26-0.220.110.060.620.250.040.110.03-0.230.110.08-0.120.12-0.150.04-0.33-0.08-0.030.11-0.120.170.01
0.90.88-0.6-0.670.640.33-0.410.88-0.090.460.880.850.410.17-0.210.120.74-0.23-0.170.650.490.27-0.20.670.83
0.880.65-0.32-0.220.460.52-0.560.650.250.420.730.690.390.31-0.43-0.150.740.050.140.720.760.45-0.420.440.78
-0.1-0.13-0.34-0.120.440.74-0.15-0.170.860.66-0.42-0.390.70.82-0.270.04-0.230.050.0-0.460.63-0.02-0.330.40.14
-0.02-0.080.350.39-0.33-0.15-0.13-0.07-0.03-0.34-0.030.01-0.33-0.17-0.03-0.33-0.170.140.00.19-0.020.13-0.01-0.35-0.21
0.80.670.10.1-0.02-0.12-0.440.69-0.37-0.140.90.81-0.19-0.33-0.02-0.080.650.72-0.460.190.180.570.02-0.010.38
0.620.47-0.64-0.430.780.94-0.480.440.780.850.30.270.850.85-0.49-0.030.490.760.63-0.020.180.29-0.530.740.77
0.480.540.00.210.00.18-0.420.550.120.090.460.30.070.06-0.210.110.270.45-0.020.130.570.29-0.190.010.23
-0.26-0.240.310.16-0.25-0.50.14-0.22-0.45-0.4-0.040.03-0.4-0.441.0-0.12-0.2-0.42-0.33-0.010.02-0.53-0.19-0.25-0.35
0.560.61-0.9-0.880.980.78-0.30.580.490.930.350.360.910.76-0.210.170.670.440.4-0.35-0.010.740.01-0.250.75
0.790.61-0.76-0.680.80.69-0.460.590.390.670.610.60.650.54-0.330.010.830.780.14-0.210.380.770.23-0.350.75
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Golden Tobacco Account Relationship Matchups

Golden Tobacco fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B1.9B1.7B1.5B1.3B2.6B
Other Current Liab3.4B3.4B3.2B3.4B3.9B2.6B
Total Current Liabilities5.0B4.0B3.9B3.5B4.1B3.1B
Total Stockholder Equity(2.3B)(2.1B)(2.1B)(2.0B)(1.8B)(1.7B)
Property Plant And Equipment Net157.8M151.5M81.2M77.7M69.9M66.4M
Current Deferred Revenue136.8M3.6B1.1B980.8M1.1B697.4M
Net Debt1.1B124.0M10.8M8.4M7.6M7.2M
Accounts Payable312.2M298.7M55.8M56.9M51.3M48.7M
Cash16.9M3.5M9.2M11.6M10.4M9.9M
Non Current Assets Total2.2B1.6B1.4B1.3B1.5B2.2B
Non Currrent Assets Other469.7M118.7M131.9M1.2B1.4B1.5B
Cash And Short Term Investments16.9M3.5M9.2M11.6M10.4M9.9M
Net Receivables96.3M77.8M32.5M6.2M5.6M5.3M
Short Term Investments52.7M113.7M22.5M3.6M4.2M3.9M
Liabilities And Stockholders Equity2.7B1.9B1.7B1.5B1.3B2.6B
Inventory300.6M265.8M239.8M107.5M96.7M91.9M
Other Current Assets61.8M27.3M35.2M30.9M27.8M26.4M
Other Stockholder Equity785.0M782.1M689.2M713.9M642.5M931.7M
Total Liab5.0B4.0B3.9B3.5B4.1B4.4B
Total Current Assets475.6M374.4M314.2M153.0M137.7M130.8M
Accumulated Other Comprehensive Income(16.1M)(22.4M)(29.4M)180.2M207.3M217.6M
Short Term Debt1.2B127.6M(442.8M)20M18M17.1M
Retained Earnings(3.3B)(3.0B)(3.0B)(2.9B)(2.6B)(2.8B)
Net Tangible Assets(2.4B)(2.1B)(2.1B)(2.0B)(1.8B)(1.9B)
Other Assets1.9B1.3B1.3B1.2B1.1B1.5B
Property Plant Equipment157.8M151.5M81.2M77.7M69.9M128.6M
Cash And Equivalents16.9M3.5M9.2M11.6M13.3M10.3M
Intangible Assets1.6B1.1B1.1B1.6M1.8M1.7M

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