Procept Property Plant Equipment vs Total Revenue Analysis

PRCT Stock  USD 90.61  0.56  0.61%   
Procept Biorobotics financial indicator trend analysis is much more than just breaking down Procept Biorobotics Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Procept Biorobotics Corp is a good investment. Please check the relationship between Procept Biorobotics Property Plant Equipment and its Total Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procept Biorobotics Corp. 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.

Property Plant Equipment vs Total Revenue

Property Plant Equipment vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Procept Biorobotics Corp Property Plant Equipment account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Procept Biorobotics' Property Plant Equipment and Total Revenue is 0.97. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Procept Biorobotics Corp, assuming nothing else is changed. The correlation between historical values of Procept Biorobotics' Property Plant Equipment and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Procept Biorobotics Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Property Plant Equipment i.e., Procept Biorobotics' Property Plant Equipment and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Total Revenue

Total revenue comprises all receipts Procept Biorobotics Corp 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.
Most indicators from Procept Biorobotics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Procept Biorobotics Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procept Biorobotics Corp. 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.
Selling General Administrative is likely to drop to about 70.4 M in 2024. Issuance Of Capital Stock is likely to drop to about 108.9 M in 2024
 2021 2022 2023 2024 (projected)
Depreciation And Amortization3.0M4.3M3.8M3.6M
Interest Income121K2.5M5.6M5.8M

Procept Biorobotics fundamental ratios Correlations

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-0.9-0.96-0.84-0.82-0.82-0.82-0.73-0.740.870.86-0.71-0.9-0.69-0.69-0.16-0.99-0.9-0.67-0.650.58-0.74-0.86-0.830.49-0.84
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Procept Biorobotics Account Relationship Matchups

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