HITECH Depreciation And Amortization vs Selling And Marketing Expenses Analysis

HITECH Stock   167.35  3.11  1.82%   
Hi Tech financial indicator trend analysis is much more than just examining Hi Tech Pipes latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Tech Pipes is a good investment. Please check the relationship between Hi Tech Depreciation And Amortization and its Selling And Marketing Expenses accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hi Tech Pipes 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 main economic indicators.

Depreciation And Amortization vs Selling And Marketing Expenses

Depreciation And Amortization vs Selling And Marketing Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Tech Pipes Depreciation And Amortization account and Selling And Marketing Expenses. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hi Tech's Depreciation And Amortization and Selling And Marketing Expenses is 0.22. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Hi Tech Pipes Limited, assuming nothing else is changed. The correlation between historical values of Hi Tech's Depreciation And Amortization and Selling And Marketing Expenses 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 Hi Tech Pipes Limited are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Depreciation And Amortization i.e., Hi Tech's Depreciation And Amortization and Selling And Marketing Expenses go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Selling And Marketing Expenses

Most indicators from Hi Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Tech Pipes 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 Hi Tech Pipes 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 main economic indicators.
At present, Hi Tech's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1.2 B, whereas Tax Provision is forecasted to decline to about 86 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.8B2.1B2.4B1.3B
Total Revenue18.8B23.9B27.0B28.3B

Hi Tech fundamental ratios Correlations

0.76-0.390.880.990.990.780.970.9-0.471.00.89-0.150.840.760.780.870.350.870.880.810.750.890.860.990.29
0.76-0.690.880.670.811.00.690.47-0.630.770.43-0.450.890.680.950.850.130.930.850.980.860.650.820.680.22
-0.39-0.69-0.45-0.31-0.46-0.67-0.29-0.10.73-0.42-0.080.66-0.56-0.43-0.55-0.390.28-0.5-0.39-0.66-0.47-0.45-0.32-0.32-0.05
0.880.88-0.450.830.890.890.840.77-0.530.880.72-0.110.970.810.890.990.30.990.990.930.850.730.950.860.45
0.990.67-0.310.830.970.680.980.94-0.420.980.95-0.090.790.730.690.830.40.80.840.730.670.910.810.990.25
0.990.81-0.460.890.970.820.970.87-0.531.00.86-0.190.850.770.820.880.320.890.890.840.770.880.860.980.3
0.781.0-0.670.890.680.820.710.49-0.640.790.44-0.450.890.680.960.860.170.940.860.980.850.640.830.70.23
0.970.69-0.290.840.980.970.710.92-0.50.970.9-0.130.770.660.730.850.410.830.850.740.620.830.80.980.28
0.90.47-0.10.770.940.870.490.92-0.310.890.980.190.70.70.540.780.380.710.790.550.540.780.750.950.44
-0.47-0.630.73-0.53-0.42-0.53-0.64-0.5-0.31-0.5-0.240.61-0.58-0.25-0.57-0.510.1-0.56-0.49-0.62-0.3-0.4-0.34-0.46-0.24
1.00.77-0.420.880.981.00.790.970.89-0.50.89-0.160.840.770.80.880.340.880.880.810.750.890.860.990.31
0.890.43-0.080.720.950.860.440.90.98-0.240.890.150.650.680.480.730.460.650.740.520.520.840.720.940.31
-0.15-0.450.66-0.11-0.09-0.19-0.45-0.130.190.61-0.160.15-0.230.2-0.24-0.020.21-0.16-0.07-0.41-0.03-0.280.07-0.060.56
0.840.89-0.560.970.790.850.890.770.7-0.580.840.65-0.230.760.830.920.180.950.950.950.820.760.880.80.34
0.760.68-0.430.810.730.770.680.660.7-0.250.770.680.20.760.750.840.340.810.820.710.890.650.890.750.56
0.780.95-0.550.890.690.820.960.730.54-0.570.80.48-0.240.830.750.90.260.950.870.920.880.560.880.720.42
0.870.85-0.390.990.830.880.860.850.78-0.510.880.73-0.020.920.840.90.40.980.990.890.850.680.970.860.51
0.350.130.280.30.40.320.170.410.380.10.340.460.210.180.340.260.40.30.40.160.280.360.450.40.01
0.870.93-0.50.990.80.890.940.830.71-0.560.880.65-0.160.950.810.950.980.30.980.950.880.690.950.830.45
0.880.85-0.390.990.840.890.860.850.79-0.490.880.74-0.070.950.820.870.990.40.980.90.830.720.960.870.43
0.810.98-0.660.930.730.840.980.740.55-0.620.810.52-0.410.950.710.920.890.160.950.90.860.710.850.740.23
0.750.86-0.470.850.670.770.850.620.54-0.30.750.52-0.030.820.890.880.850.280.880.830.860.640.910.680.43
0.890.65-0.450.730.910.880.640.830.78-0.40.890.84-0.280.760.650.560.680.360.690.720.710.640.690.870.02
0.860.82-0.320.950.810.860.830.80.75-0.340.860.720.070.880.890.880.970.450.950.960.850.910.690.830.5
0.990.68-0.320.860.990.980.70.980.95-0.460.990.94-0.060.80.750.720.860.40.830.870.740.680.870.830.34
0.290.22-0.050.450.250.30.230.280.44-0.240.310.310.560.340.560.420.510.010.450.430.230.430.020.50.34
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Hi Tech Account Relationship Matchups

Hi Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.7B6.0B7.7B9.2B11.8B12.4B
Short Long Term Debt Total3.2B3.2B3.9B2.4B4.0B2.6B
Other Current Liab2.5M76.8M74.3M158.7M84.7M89.8M
Total Current Liabilities2.9B2.6B3.4B3.8B4.7B2.8B
Total Stockholder Equity1.7B2.1B2.6B4.2B5.8B6.1B
Property Plant And Equipment Net2.1B2.4B2.7B3.2B4.2B4.4B
Net Debt3.1B3.2B3.9B2.3B4.0B2.5B
Retained Earnings862.0M1.1B1.5B1.9B2.3B2.4B
Accounts Payable560.6M492.3M796.6M1.7B1.6B1.7B
Cash7.3M6.3M9.0M18.9M23.3M38.4M
Non Current Assets Total2.1B2.4B2.8B3.6B4.6B4.9B
Non Currrent Assets Other36.1M52.4M66.3M389.8M433.9M455.6M
Cash And Short Term Investments7.3M6.3M9.0M211.7M23.3M22.2M
Net Receivables1.8B1.2B1.7B1.9B2.8B1.5B
Liabilities And Stockholders Equity5.7B6.0B7.7B9.2B11.8B12.4B
Non Current Liabilities Total1.0B1.3B1.7B1.2B1.4B912.7M
Inventory1.8B1.9B2.6B3.1B3.5B1.8B
Total Liab3.9B3.9B5.1B5.0B6.0B3.8B
Total Current Assets3.6B3.6B4.9B5.5B7.2B3.7B
Short Term Debt2.2B2.0B2.4B1.8B3.0B1.8B
Common Stock109.3M112.1M122.7M127.8M149.9M102.1M
Other Stockholder Equity987.6M462.0M619.8M967.6M2.5B2.6B
Other Liab136.8M168.9M203.6M254.9M293.1M164.8M
Net Tangible Assets1.7B2.1B2.6B4.2B4.8B5.0B
Current Deferred Revenue120.8M99.4M164.1M538.6M42.2M40.1M
Other Assets66.0M(1K)110.1M2.7M3.1M2.9M
Long Term Debt936.1M631.0M378.3M940.3M1.1B763.3M
Short Long Term Debt2.2B1.8B2.2B1.4B2.6B1.7B
Accumulated Other Comprehensive Income(222.8M)396.8M353.1M1.2B841.4M883.4M
Intangible Assets475K125K200K5.7M5.3M5.6M
Property Plant Equipment2.0B2.3B2.7B2.3B2.6B1.8B
Long Term Debt Total974.3M659.4M393.8M155.4M139.9M132.9M
Short Term Investments(36.1M)162.9M161.7M192.8M236.6M248.4M
Net Invested Capital4.9B5.0B6.2B6.5B9.4B6.3B
Net Working Capital672.3M964.6M1.5B1.7B2.5B1.3B
Capital Stock109.3M112.1M122.7M127.8M149.9M133.6M

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Other Information on Investing in HITECH Stock

Balance Sheet is a snapshot of the financial position of Hi Tech Pipes at a specified time, usually calculated after every quarter, six months, or one year. Hi Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Tech 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 HITECH currently owns. An asset can also be divided into two categories, current and non-current.