Plantify Other Non Cash Items vs Net Income Analysis
| PTFY Stock | 0.23 0.02 8.00% |
Plantify Foods financial indicator trend analysis is much more than just breaking down Plantify Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plantify Foods is a good investment. Please check the relationship between Plantify Foods Other Non Cash Items and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plantify Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Other Non Cash Items vs Net Income
Other Non Cash Items vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plantify Foods Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Plantify Foods' Other Non Cash Items and Net Income is -0.96. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income in the same time period over historical financial statements of Plantify Foods, assuming nothing else is changed. The correlation between historical values of Plantify Foods' Other Non Cash Items 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 Other Non Cash Items of Plantify Foods 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 Other Non Cash Items i.e., Plantify Foods' Other Non Cash Items and Net Income go up and down completely randomly.
Correlation Coefficient | -0.96 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Non Cash Items
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Plantify Foods financial statement analysis. It represents the amount of money remaining after all of Plantify Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Plantify Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plantify Foods 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 Plantify Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. Issuance Of Capital Stock is likely to climb to about 1.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 452K | 477K | 675K | 535.7K | Research Development | 53K | 41K | 36K | 37.6K |
Plantify Foods fundamental ratios Correlations
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Plantify Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Plantify Stock Analysis
When running Plantify Foods' price analysis, check to measure Plantify Foods' 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 Plantify Foods is operating at the current time. Most of Plantify Foods' value examination focuses on studying past and present price action to predict the probability of Plantify Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plantify Foods' price. Additionally, you may evaluate how the addition of Plantify Foods to your portfolios can decrease your overall portfolio volatility.