Natures Total Revenue vs Depreciation And Amortization Analysis
NMHIW Stock | 0.01 0.0001 0.91% |
Natures Miracle financial indicator trend analysis is infinitely more than just investigating Natures Miracle Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natures Miracle Holding is a good investment. Please check the relationship between Natures Miracle Total Revenue and its Depreciation And Amortization accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Total Revenue vs Depreciation And Amortization
Total Revenue vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natures Miracle Holding Total Revenue account and Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Natures Miracle's Total Revenue and Depreciation And Amortization is -0.02. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Natures Miracle Holding, assuming nothing else is changed. The correlation between historical values of Natures Miracle's Total Revenue and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Natures Miracle Holding are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Revenue i.e., Natures Miracle's Total Revenue and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Natures Miracle Holding generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.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.Most indicators from Natures Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natures Miracle Holding 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 Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to drop to about 156.5 K in 2024. Selling General Administrative is likely to drop to about 2.4 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.4M | 5.1M | 5.9M | 6.1M | Cost Of Revenue | 17.0M | 9.9M | 11.4M | 13.4M |
Natures Miracle fundamental ratios Correlations
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Natures Miracle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Natures Miracle's price analysis, check to measure Natures Miracle'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 Natures Miracle is operating at the current time. Most of Natures Miracle's value examination focuses on studying past and present price action to predict the probability of Natures Miracle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Natures Miracle's price. Additionally, you may evaluate how the addition of Natures Miracle to your portfolios can decrease your overall portfolio volatility.