Mtar Depreciation vs Net Income Analysis

MTARTECH

1,788 7.80 0.44%

Mtar Technologies financial indicator trend analysis is infinitely more than just investigating Mtar Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mtar Technologies is a good investment. Please check the relationship between Mtar Technologies Depreciation and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mtar Technologies 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 estimate.

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 Mtar Technologies Depreciation account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mtar Technologies' Depreciation and Net Income is 0.77. 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 Mtar Technologies Limited, assuming nothing else is changed. The correlation between historical values of Mtar Technologies' 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 Mtar Technologies Limited 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., Mtar Technologies' Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Depreciation

Depreciation indicates how much of Mtar Technologies value has been used up. For tax purposes Mtar Technologies can deduct the cost of the tangible assets it purchases as business expenses. However, Mtar Technologies Limited 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 Mtar Technologies financial statement analysis. It represents the amount of money remaining after all of Mtar Technologies Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Mtar Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mtar Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mtar Technologies 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 estimate.

The current year's Selling General Administrative is expected to grow to about 70.7 M. The current year's Tax Provision is expected to grow to about 191.9 M

	2021	2022	2023	2024 (projected)
Gross Profit	2.0B	3.0B	2.8B	1.8B
Total Revenue	3.2B	5.7B	5.8B	3.2B

Gross Profit Total Revenue

Mtar Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.83	-0.51	0.9	0.98	0.94	0.83	0.88	0.84	0.62	0.92	-0.32	0.87	0.96	0.45	0.92	0.64	0.93	0.95	0.99	0.83	0.81	0.85	-0.29	0.95	-0.27
Short Long Term Debt Total	0.83		-0.42	0.75	0.8	0.88	0.99	0.97	0.64	0.79	0.88	-0.28	0.7	0.78	0.71	0.96	0.22	0.72	0.81	0.77	0.84	0.56	0.86	-0.32	0.73	-0.32
Other Current Liab	-0.51	-0.42		-0.33	-0.6	-0.42	-0.39	-0.58	-0.37	-0.48	-0.35	0.94	-0.59	-0.4	-0.72	-0.54	-0.43	-0.56	-0.4	-0.55	-0.32	-0.39	-0.44	0.76	-0.6	-0.29
Total Current Liabilities	0.9	0.75	-0.33		0.8	0.84	0.79	0.75	0.97	0.34	0.84	-0.2	0.77	0.97	0.44	0.86	0.57	0.7	0.98	0.89	0.76	0.61	0.59	-0.16	0.73	-0.5
Total Stockholder Equity	0.98	0.8	-0.6	0.8		0.9	0.78	0.88	0.74	0.7	0.87	-0.38	0.89	0.9	0.44	0.88	0.67	0.98	0.87	0.98	0.79	0.87	0.89	-0.36	0.99	-0.12
Property Plant And Equipment Net	0.94	0.88	-0.42	0.84	0.9		0.88	0.88	0.74	0.65	0.99	-0.28	0.73	0.88	0.51	0.9	0.35	0.82	0.92	0.88	0.91	0.62	0.88	-0.25	0.85	-0.32
Net Debt	0.83	0.99	-0.39	0.79	0.78	0.88		0.94	0.68	0.72	0.89	-0.25	0.71	0.81	0.72	0.95	0.22	0.69	0.84	0.77	0.86	0.53	0.82	-0.28	0.7	-0.4
Retained Earnings	0.88	0.97	-0.58	0.75	0.88	0.88	0.94		0.68	0.85	0.86	-0.44	0.75	0.81	0.7	0.98	0.37	0.82	0.82	0.85	0.77	0.66	0.89	-0.46	0.82	-0.2
Accounts Payable	0.84	0.64	-0.37	0.97	0.74	0.74	0.68	0.68		0.24	0.72	-0.27	0.7	0.93	0.4	0.8	0.66	0.65	0.93	0.86	0.6	0.58	0.48	-0.17	0.67	-0.53
Cash	0.62	0.79	-0.48	0.34	0.7	0.65	0.72	0.85	0.24		0.62	-0.37	0.49	0.44	0.5	0.74	0.16	0.7	0.45	0.59	0.52	0.55	0.87	-0.45	0.67	0.14
Non Current Assets Total	0.92	0.88	-0.35	0.84	0.87	0.99	0.89	0.86	0.72	0.62		-0.2	0.71	0.87	0.47	0.88	0.32	0.79	0.91	0.85	0.93	0.6	0.87	-0.2	0.82	-0.37
Non Currrent Assets Other	-0.32	-0.28	0.94	-0.2	-0.38	-0.28	-0.25	-0.44	-0.27	-0.37	-0.2		-0.31	-0.21	-0.68	-0.41	-0.22	-0.32	-0.26	-0.35	-0.11	-0.1	-0.26	0.74	-0.36	-0.26
Cash And Short Term Investments	0.87	0.7	-0.59	0.77	0.89	0.73	0.71	0.75	0.7	0.49	0.71	-0.31		0.87	0.51	0.77	0.72	0.87	0.79	0.9	0.78	0.86	0.69	-0.33	0.9	-0.03
Net Receivables	0.96	0.78	-0.4	0.97	0.9	0.88	0.81	0.81	0.93	0.44	0.87	-0.21	0.87		0.43	0.89	0.67	0.84	0.98	0.96	0.81	0.76	0.71	-0.18	0.85	-0.42
Common Stock Shares Outstanding	0.45	0.71	-0.72	0.44	0.44	0.51	0.72	0.7	0.4	0.5	0.47	-0.68	0.51	0.43		0.67	-0.01	0.33	0.48	0.42	0.54	0.13	0.42	-0.59	0.38	-0.07
Inventory	0.92	0.96	-0.54	0.86	0.88	0.9	0.95	0.98	0.8	0.74	0.88	-0.41	0.77	0.89	0.67		0.43	0.8	0.9	0.89	0.78	0.65	0.84	-0.38	0.81	-0.33
Other Current Assets	0.64	0.22	-0.43	0.57	0.67	0.35	0.22	0.37	0.66	0.16	0.32	-0.22	0.72	0.67	-0.01	0.43		0.73	0.55	0.74	0.24	0.84	0.35	-0.17	0.72	-0.04
Other Stockholder Equity	0.93	0.72	-0.56	0.7	0.98	0.82	0.69	0.82	0.65	0.7	0.79	-0.32	0.87	0.84	0.33	0.8	0.73		0.78	0.94	0.71	0.93	0.89	-0.3	0.99	-0.06
Total Liab	0.95	0.81	-0.4	0.98	0.87	0.92	0.84	0.82	0.93	0.45	0.91	-0.26	0.79	0.98	0.48	0.9	0.55	0.78		0.93	0.83	0.65	0.71	-0.2	0.81	-0.44
Total Current Assets	0.99	0.77	-0.55	0.89	0.98	0.88	0.77	0.85	0.86	0.59	0.85	-0.35	0.9	0.96	0.42	0.89	0.74	0.94	0.93		0.76	0.86	0.8	-0.31	0.96	-0.22
Short Term Debt	0.83	0.84	-0.32	0.76	0.79	0.91	0.86	0.77	0.6	0.52	0.93	-0.11	0.78	0.81	0.54	0.78	0.24	0.71	0.83	0.76		0.57	0.78	-0.18	0.75	-0.26
Intangible Assets	0.81	0.56	-0.39	0.61	0.87	0.62	0.53	0.66	0.58	0.55	0.6	-0.1	0.86	0.76	0.13	0.65	0.84	0.93	0.65	0.86	0.57		0.73	-0.2	0.91	0.01
Common Stock	0.85	0.86	-0.44	0.59	0.89	0.88	0.82	0.89	0.48	0.87	0.87	-0.26	0.69	0.71	0.42	0.84	0.35	0.89	0.71	0.8	0.78	0.73		-0.26	0.87	-0.15
Other Liab	-0.29	-0.32	0.76	-0.16	-0.36	-0.25	-0.28	-0.46	-0.17	-0.45	-0.2	0.74	-0.33	-0.18	-0.59	-0.38	-0.17	-0.3	-0.2	-0.31	-0.18	-0.2	-0.26		-0.36	-0.42
Net Tangible Assets	0.95	0.73	-0.6	0.73	0.99	0.85	0.7	0.82	0.67	0.67	0.82	-0.36	0.9	0.85	0.38	0.81	0.72	0.99	0.81	0.96	0.75	0.91	0.87	-0.36		-0.02
Current Deferred Revenue	-0.27	-0.32	-0.29	-0.5	-0.12	-0.32	-0.4	-0.2	-0.53	0.14	-0.37	-0.26	-0.03	-0.42	-0.07	-0.33	-0.04	-0.06	-0.44	-0.22	-0.26	0.01	-0.15	-0.42	-0.02

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Mtar Technologies Account Relationship Matchups

Mtar Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	5.9B	7.3B	10.6B	10.1B	6.4B
Short Long Term Debt Total	291.3M	169.8M	958.9M	1.4B	1.9B	2.0B
Other Current Liab	90.3M	75.7M	69.8M	108.5M	119.9M	101.8M
Total Current Liabilities	1.1B	894M	1.7B	3.4B	2.1B	1.6B
Total Stockholder Equity	2.3B	4.8B	5.2B	6.2B	6.8B	4.3B
Property Plant And Equipment Net	1.7B	1.8B	2.4B	3.5B	4.3B	2.5B
Net Debt	155.8M	(93.0M)	795.7M	1.3B	1.5B	1.6B
Retained Earnings	871.4M	1.2B	1.7B	2.7B	3.2B	3.4B
Accounts Payable	305.6M	347.6M	570.4M	2.2B	714.1M	617.7M
Cash	135.5M	262.7M	163.3M	122.4M	392.4M	412.0M
Non Current Assets Total	1.7B	1.9B	2.6B	3.7B	4.4B	2.8B
Non Currrent Assets Other	7.3M	75.3M	216.2M	85.6M	113.4M	77.1M
Cash And Short Term Investments	232.5M	319.0M	818.1M	635.0M	508.4M	386.1M
Net Receivables	654.7M	868.2M	1.4B	2.1B	1.5B	1.1B
Liabilities And Stockholders Equity	3.5B	5.9B	7.3B	10.6B	10.1B	6.3B
Inventory	754.6M	1.0B	1.7B	3.9B	3.5B	3.7B
Other Current Assets	125.3M	2.6B	2.1B	2.7B	231.2M	219.7M
Total Liab	1.2B	1.1B	2.1B	4.4B	3.3B	2.0B
Total Current Assets	1.7B	4.0B	4.6B	7.0B	5.6B	3.6B
Short Term Debt	291.3M	98.5M	699.5M	656.3M	939.3M	475.9M
Intangible Assets	1.4M	9.5M	10.1M	7.9M	7.3M	5.6M
Other Liab	11.5M	76.9M	130.5M	167.1M	150.4M	100.0M
Net Tangible Assets	2.3B	2.2B	4.8B	5.2B	6.0B	3.7B
Current Deferred Revenue	484.4M	423.9M	368.5M	110.8M	304.9M	262.6M
Other Assets	283.7M	79.1M	101.7M	243.0M	218.7M	155.8M
Short Term Investments	97.0M	56.3M	654.8M	512.6M	26.2M	24.9M
Non Current Liabilities Total	76.9M	201.8M	426.5M	1.0B	1.2B	1.3B
Net Invested Capital	2.5B	4.9B	6.2B	7.6B	8.7B	5.5B
Short Long Term Debt	291.3M	48.5M	699.5M	656.3M	939.3M	490.3M
Net Working Capital	580.1M	3.1B	3.0B	3.6B	3.6B	2.3B
Property Plant Equipment	1.7B	1.7B	1.8B	2.4B	2.8B	2.0B

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

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Mtar Depreciation vs Net Income Analysis

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

Correlation Coefficient

Depreciation

Net Income

Mtar Technologies fundamental ratios Correlations

Mtar Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mtar Technologies fundamental ratios Accounts

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Other Information on Investing in Mtar Stock

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Tangible Assets	+ 0.99	Other Stockholder Equity
Total Stockholder Equity	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.72	Other Current Liab
Common Stock Shares Outstanding	- 0.68	Non Currrent Assets Other
Net Tangible Assets	- 0.6	Other Current Liab
Total Stockholder Equity	- 0.6	Other Current Liab
Other Liab	- 0.59	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.59	Other Current Liab