| VINYLINDIA | | | 336.25 0.10 0.03% |
Vinyl Chemicals financial indicator trend analysis is much more than just breaking down Vinyl Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vinyl Chemicals is a good investment. Please check the relationship between Vinyl Chemicals Net Income and its Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vinyl Chemicals 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 bureau of economic analysis.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vinyl Chemicals Net Income account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vinyl Chemicals' Net Income and Depreciation is 0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Vinyl Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Vinyl Chemicals' Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Vinyl Chemicals Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Vinyl Chemicals' Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Vinyl Chemicals financial statement analysis. It represents the amount of money remaining after all of Vinyl Chemicals Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Vinyl Chemicals value has been used up. For tax purposes Vinyl Chemicals can deduct the cost of the tangible assets it purchases as business expenses. However, Vinyl Chemicals 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.
Most indicators from Vinyl Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vinyl Chemicals 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Vinyl Chemicals 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 bureau of economic analysis.
As of the 28th of December 2024,
Selling General Administrative is likely to grow to about 11
M, while
Tax Provision is likely to drop about 71.6
M.
Vinyl Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Vinyl Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vinyl Chemicals fundamental ratios Accounts
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Other Information on Investing in Vinyl Stock
Balance Sheet is a snapshot of the
financial position of Vinyl Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Vinyl Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Vinyl Chemicals 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 Vinyl currently owns. An asset can also be divided into two categories, current and non-current.