GSTechnologies Depreciation vs Net Income Analysis
GST Stock | 2.08 0.18 9.47% |
GSTechnologies financial indicator trend analysis is much more than just examining GSTechnologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GSTechnologies is a good investment. Please check the relationship between GSTechnologies Depreciation and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GSTechnologies. 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 Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GSTechnologies Depreciation account and Net Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between GSTechnologies' Depreciation and Net Income is 0.23. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of GSTechnologies, assuming nothing else is changed. The correlation between historical values of GSTechnologies' Depreciation and Net Income 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 GSTechnologies are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., GSTechnologies' Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of GSTechnologies value has been used up. For tax purposes GSTechnologies can deduct the cost of the tangible assets it purchases as business expenses. However, GSTechnologies 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in GSTechnologies financial statement analysis. It represents the amount of money remaining after all of GSTechnologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from GSTechnologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GSTechnologies 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 GSTechnologies. 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. As of December 24, 2024, Selling General Administrative is expected to decline to about 457 K. Tax Provision is expected to grow at the current pace this year
GSTechnologies fundamental ratios Correlations
Click cells to compare fundamentals
GSTechnologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GSTechnologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.1M | 2.6M | 4.6M | 8.2M | 6.7M | 7.5M | |
Total Current Liabilities | 1.7M | 674K | 1.6M | 1.5M | 2.8M | 1.1M | |
Total Stockholder Equity | 2.3M | 1.9M | 1.8M | 6.0M | 3.9M | 6.3M | |
Net Debt | (871K) | (444K) | 94.9K | (3.8M) | (3.9M) | (2.4M) | |
Retained Earnings | 1.2M | 947K | 457K | (973K) | (2.6M) | (3.8M) | |
Accounts Payable | 1.4M | 389K | 471K | 218K | 2.3M | 838K | |
Non Current Assets Total | 183K | 301K | 281K | 314K | 2.1M | 4.0M | |
Liabilities And Stockholders Equity | 4.1M | 2.6M | 4.6M | 8.2M | 6.7M | 7.5M | |
Other Current Assets | 253K | 621K | 1.1M | 2.0M | 335K | 667K | |
Total Liab | 1.7M | 736K | 2.8M | 2.2M | 2.8M | 1.3M | |
Total Current Assets | 3.9M | 2.3M | 4.3M | 7.9M | 4.6M | 3.5M | |
Cash | 871K | 561K | 1.7M | 5.1M | 4.3M | 2.6M | |
Cash And Short Term Investments | 871K | 561K | 1.7M | 5.1M | 4.3M | 2.6M | |
Other Current Liab | 348K | 230K | 535K | 676K | 148K | 196K | |
Property Plant And Equipment Net | 177K | 296K | 275K | 270K | 95K | 192K | |
Net Receivables | 2.4M | 1.1M | 1.5M | 775K | 19K | 216K | |
Inventory | 315K | 312K | 18K | 16K | 59K | 10K | |
Other Stockholder Equity | (179K) | (1.7M) | (1.4M) | (1.6M) | (2.8M) | (440K) | |
Property Plant And Equipment Gross | 177K | 296K | 275K | 1.2M | 219K | 502K | |
Net Tangible Assets | 2.3M | 1.9M | 1.8M | 6.0M | 6.9M | 7.2M | |
Net Invested Capital | 1.9M | 3.5M | 7.2M | 4.2M | 6.3M | 4.6M | |
Net Working Capital | 1.6M | 2.8M | 6.4M | 1.8M | 2.4M | 3.2M | |
Property Plant Equipment | 177K | 295K | 275K | 270K | 310.5K | 258.5K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in GSTechnologies Stock
Balance Sheet is a snapshot of the financial position of GSTechnologies at a specified time, usually calculated after every quarter, six months, or one year. GSTechnologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GSTechnologies 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 GSTechnologies currently owns. An asset can also be divided into two categories, current and non-current.