RENN Income Before Tax vs Depreciation And Amortization Analysis
| RCG Stock | USD 2.52 0.03 1.18% |
RENN Fund financial indicator trend analysis is much more than just breaking down RENN Fund prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RENN Fund is a good investment. Please check the relationship between RENN Fund Income Before Tax and its Depreciation And Amortization accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RENN Fund. 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. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.
Income Before Tax vs Depreciation And Amortization
Income Before Tax vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RENN Fund Income Before Tax account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between RENN Fund's Income Before Tax and Depreciation And Amortization is 0.74. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of RENN Fund, assuming nothing else is changed. The correlation between historical values of RENN Fund's Income Before Tax 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 Income Before Tax of RENN Fund 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 Income Before Tax i.e., RENN Fund's Income Before Tax and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on RENN Fund income statement and is an important metric when analyzing RENN Fund profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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 RENN Fund's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RENN Fund 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 RENN Fund. 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. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.The current Selling General Administrative is estimated to decrease to about 232.3 K. The current Issuance Of Capital Stock is estimated to decrease to about 1.7 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 230.5K | 241.8K | 275.8K | 262.1K | Cost Of Revenue | 81.8K | 178.6K | 201.3K | 191.3K |
RENN Fund fundamental ratios Correlations
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RENN Fund Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RENN Fund fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 13.7M | 11.9M | 17.1M | 14.9M | 14.0M | 13.3M | |
| Other Current Liab | 58.2K | (11.4K) | (2.4K) | (7.7K) | (479.0) | (455.05) | |
| Total Current Liabilities | 1.3M | 10.7K | 1.9K | 624.0 | 227.5K | 216.1K | |
| Total Stockholder Equity | 12.4M | 11.9M | 17.0M | 14.8M | 13.8M | 21.4M | |
| Net Debt | 1.2M | (32.2K) | (158.4K) | (85.2K) | (25.2K) | (26.5K) | |
| Retained Earnings | (19.2M) | (19.5M) | (14.2M) | (18.4M) | (19.4M) | (18.4M) | |
| Cash | 182.0 | 32.8K | 158.8K | 92.2K | 25.2K | 24.0K | |
| Non Current Assets Total | 13.5M | 11.9M | 16.9M | 14.8M | 13.9M | 18.0M | |
| Non Currrent Assets Other | (13.5M) | (11.9M) | (16.9M) | (14.8M) | (13.9M) | (14.6M) | |
| Other Assets | 117.5K | 8.8K | 5.8K | 5.7K | 14.0M | 11.8M | |
| Cash And Short Term Investments | 182.0 | 32.8K | 158.8K | 92.2K | 25.2K | 24.0K | |
| Net Receivables | 6.4K | 320.0 | 1.3K | 20.0K | 27.9K | 26.5K | |
| Common Stock Shares Outstanding | 5.1M | 4.9M | 6.0M | 6.5M | 7.0M | 5.4M | |
| Liabilities And Stockholders Equity | 13.7M | 11.9M | 17.1M | 14.9M | 14.0M | 13.3M | |
| Non Current Liabilities Total | 1.2M | 80.6K | 100.0K | 624.0 | 107.9K | 102.5K | |
| Other Stockholder Equity | (23.2M) | 29.5M | 19.2M | 19.5M | 14.2M | 0.0 | |
| Total Liab | 1.2M | 10.7K | 1.9K | 94.2K | 116.6K | 110.8K | |
| Total Current Assets | 6.6K | 33.2K | 160.1K | 112.2K | 65.8K | 62.6K | |
| Common Stock | 31.6M | 31.4M | 31.2M | 33.3M | 33.2M | 34.9M | |
| Net Tangible Assets | 12.4M | 11.9M | 17.0M | 14.8M | 13.3M | 12.8M | |
| Long Term Investments | 13.5M | 11.9M | 16.9M | 14.8M | 13.9M | 12.2M | |
| Other Current Assets | (105.1K) | 12.0K | 6.1K | 6.1K | 12.8K | 20.4K | |
| Short Term Debt | 1.2M | 675.0 | 444.0 | 7.0K | 8.8K | 8.3K | |
| Capital Surpluse | 29.5M | 31.6M | 31.4M | 31.2M | 35.9M | 27.5M | |
| Short Long Term Debt Total | 2.5M | 675.0 | 444.0 | 7.0K | 8.8K | 8.3K | |
| Capital Stock | 31.6M | 31.4M | 31.2M | 33.3M | 33.2M | 34.9M |
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When determining whether RENN Fund is a strong investment it is important to analyze RENN Fund's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact RENN Fund's future performance. For an informed investment choice regarding RENN Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RENN Fund. 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. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RENN Fund. If investors know RENN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RENN Fund listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (1.00) | Dividend Share 0.015 | Earnings Share 0.16 | Revenue Per Share 0.044 | Quarterly Revenue Growth 0.175 |
The market value of RENN Fund is measured differently than its book value, which is the value of RENN that is recorded on the company's balance sheet. Investors also form their own opinion of RENN Fund's value that differs from its market value or its book value, called intrinsic value, which is RENN Fund's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RENN Fund's market value can be influenced by many factors that don't directly affect RENN Fund's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RENN Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if RENN Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENN Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.