300146 Depreciation vs Capital Expenditures Analysis

300146 Stock

12.38 0.12 0.96%

By Health financial indicator trend analysis is way more than just evaluating By health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether By health is a good investment. Please check the relationship between By Health Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in By health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of By health Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between By Health's Depreciation and Capital Expenditures is 0.52. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of By health, assuming nothing else is changed. The correlation between historical values of By Health's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of By health are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., By Health's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Depreciation

Depreciation indicates how much of By health value has been used up. For tax purposes By Health can deduct the cost of the tangible assets it purchases as business expenses. However, By health 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.

Capital Expenditures

Capital Expenditures are funds used by By health to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of By Health operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from By Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into By health 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in By health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 3.5 B, whereas Tax Provision is forecasted to decline to about 250.5 M.

	2021	2022	2023	2024 (projected)
Operating Income	1.9B	1.6B	1.9B	2.0B
Total Revenue	7.4B	7.9B	9.4B	9.9B

Operating Income Total Revenue

By Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Treasury Stock
Total Assets		0.47	0.97	0.99	0.98	0.96	0.75	0.93	0.79	0.08	0.98	0.71	0.93	0.67	0.92	0.96	0.82	0.62	-0.69	-0.94	0.86	0.87	0.91	0.83	0.55	0.21
Other Current Liab	0.47		0.59	0.42	0.36	0.58	0.45	0.29	0.63	-0.23	0.58	-0.22	0.6	0.67	0.53	0.44	0.59	0.24	-0.21	-0.65	0.58	0.43	0.55	0.32	0.4	0.84
Total Current Liabilities	0.97	0.59		0.93	0.92	0.97	0.68	0.87	0.74	-0.07	0.99	0.65	0.97	0.72	0.91	0.92	0.87	0.56	-0.56	-0.96	0.9	0.84	0.92	0.75	0.59	0.31
Total Stockholder Equity	0.99	0.42	0.93		0.98	0.92	0.78	0.96	0.75	0.12	0.95	0.74	0.86	0.55	0.9	0.98	0.72	0.71	-0.72	-0.92	0.85	0.89	0.86	0.88	0.41	0.12
Retained Earnings	0.98	0.36	0.92	0.98		0.92	0.77	0.93	0.78	0.12	0.93	0.75	0.87	0.59	0.9	0.95	0.75	0.64	-0.72	-0.89	0.8	0.87	0.86	0.84	0.48	0.13
Accounts Payable	0.96	0.58	0.97	0.92	0.92		0.75	0.83	0.82	-0.08	0.97	0.6	0.96	0.76	0.96	0.9	0.87	0.5	-0.56	-0.94	0.89	0.8	0.89	0.7	0.63	0.39
Cash	0.75	0.45	0.68	0.78	0.77	0.75		0.69	0.86	0.3	0.72	0.39	0.61	0.46	0.78	0.78	0.49	0.7	-0.59	-0.78	0.75	0.8	0.65	0.66	0.23	0.36
Other Assets	0.93	0.29	0.87	0.96	0.93	0.83	0.69		0.65	0.17	0.87	0.8	0.77	0.41	0.77	0.91	0.63	0.79	-0.79	-0.87	0.79	0.92	0.83	0.96	0.3	-0.02
Net Receivables	0.79	0.63	0.74	0.75	0.78	0.82	0.86	0.65		0.19	0.76	0.25	0.76	0.75	0.8	0.71	0.73	0.51	-0.63	-0.82	0.69	0.76	0.77	0.63	0.56	0.62
Short Term Investments	0.08	-0.23	-0.07	0.12	0.12	-0.08	0.3	0.17	0.19		0.02	0.18	-0.07	-0.1	-0.05	0.16	-0.08	0.21	-0.14	0.03	-0.09	0.13	0.06	0.24	-0.06	-0.23
Inventory	0.98	0.58	0.99	0.95	0.93	0.97	0.72	0.87	0.76	0.02		0.65	0.96	0.73	0.92	0.95	0.86	0.55	-0.57	-0.95	0.89	0.83	0.92	0.75	0.59	0.3
Other Current Assets	0.71	-0.22	0.65	0.74	0.75	0.6	0.39	0.8	0.25	0.18	0.65		0.59	0.2	0.57	0.71	0.46	0.5	-0.49	-0.56	0.56	0.62	0.6	0.65	0.27	-0.46
Total Liab	0.93	0.6	0.97	0.86	0.87	0.96	0.61	0.77	0.76	-0.07	0.96	0.59		0.86	0.88	0.84	0.96	0.39	-0.51	-0.91	0.84	0.75	0.95	0.64	0.77	0.39
Intangible Assets	0.67	0.67	0.72	0.55	0.59	0.76	0.46	0.41	0.75	-0.1	0.73	0.2	0.86		0.68	0.54	0.95	0.08	-0.31	-0.7	0.62	0.5	0.82	0.32	0.92	0.64
Common Stock	0.92	0.53	0.91	0.9	0.9	0.96	0.78	0.77	0.8	-0.05	0.92	0.57	0.88	0.68		0.91	0.77	0.46	-0.47	-0.87	0.87	0.72	0.78	0.63	0.54	0.33
Property Plant Equipment	0.96	0.44	0.92	0.98	0.95	0.9	0.78	0.91	0.71	0.16	0.95	0.71	0.84	0.54	0.91		0.7	0.65	-0.61	-0.88	0.85	0.83	0.82	0.81	0.4	0.11
Other Liab	0.82	0.59	0.87	0.72	0.75	0.87	0.49	0.63	0.73	-0.08	0.86	0.46	0.96	0.95	0.77	0.7		0.21	-0.45	-0.8	0.71	0.63	0.92	0.51	0.91	0.47
Net Tangible Assets	0.62	0.24	0.56	0.71	0.64	0.5	0.7	0.79	0.51	0.21	0.55	0.5	0.39	0.08	0.46	0.65	0.21		-0.74	-0.71	0.67	0.89	0.57	0.85	-0.16	-0.01
Other Stockholder Equity	-0.69	-0.21	-0.56	-0.72	-0.72	-0.56	-0.59	-0.79	-0.63	-0.14	-0.57	-0.49	-0.51	-0.31	-0.47	-0.61	-0.45	-0.74		0.66	-0.47	-0.83	-0.65	-0.87	-0.21	-0.04
Deferred Long Term Liab	-0.94	-0.65	-0.96	-0.92	-0.89	-0.94	-0.78	-0.87	-0.82	0.03	-0.95	-0.56	-0.91	-0.7	-0.87	-0.88	-0.8	-0.71	0.66		-0.93	-0.93	-0.93	-0.82	-0.49	-0.41
Long Term Investments	0.86	0.58	0.9	0.85	0.8	0.89	0.75	0.79	0.69	-0.09	0.89	0.56	0.84	0.62	0.87	0.85	0.71	0.67	-0.47	-0.93		0.83	0.84	0.69	0.4	0.3
Total Current Assets	0.87	0.43	0.84	0.89	0.87	0.8	0.8	0.92	0.76	0.13	0.83	0.62	0.75	0.5	0.72	0.83	0.63	0.89	-0.83	-0.93	0.83		0.87	0.92	0.29	0.2
Non Current Assets Total	0.91	0.55	0.92	0.86	0.86	0.89	0.65	0.83	0.77	0.06	0.92	0.6	0.95	0.82	0.78	0.82	0.92	0.57	-0.65	-0.93	0.84	0.87		0.76	0.7	0.33
Non Currrent Assets Other	0.83	0.32	0.75	0.88	0.84	0.7	0.66	0.96	0.63	0.24	0.75	0.65	0.64	0.32	0.63	0.81	0.51	0.85	-0.87	-0.82	0.69	0.92	0.76		0.17	0.01
Non Current Liabilities Total	0.55	0.4	0.59	0.41	0.48	0.63	0.23	0.3	0.56	-0.06	0.59	0.27	0.77	0.92	0.54	0.4	0.91	-0.16	-0.21	-0.49	0.4	0.29	0.7	0.17		0.44
Treasury Stock	0.21	0.84	0.31	0.12	0.13	0.39	0.36	-0.02	0.62	-0.23	0.3	-0.46	0.39	0.64	0.33	0.11	0.47	-0.01	-0.04	-0.41	0.3	0.2	0.33	0.01	0.44

Click cells to compare fundamentals

By Health Account Relationship Matchups

By Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	9.6B	13.0B	13.2B	15.1B	15.9B
Other Current Liab	1.0B	1.2B	1.1B	1.2B	99.1M	94.2M
Total Current Liabilities	1.8B	2.2B	2.1B	2.1B	2.5B	2.6B
Total Stockholder Equity	6.0B	6.9B	10.5B	10.7B	12.2B	12.8B
Retained Earnings	1.2B	2.1B	2.8B	3.0B	3.6B	3.7B
Accounts Payable	338.6M	349.6M	408.1M	366.9M	426.6M	447.9M
Cash	1.8B	1.8B	2.9B	3.0B	3.3B	1.8B
Other Assets	409.8M	506.6M	1.3B	1.6B	1.8B	1.9B
Net Receivables	166.3M	164.2M	290.5M	330.3M	249.1M	150.2M
Short Term Investments	690M	41.0M	240M	1.8B	1.4B	857.2M
Inventory	742.5M	872.7M	832.8M	898.9M	989.1M	1.0B
Other Current Assets	100.9M	200.0M	186.6M	284.0M	2.0B	2.1B
Total Liab	2.4B	2.7B	2.4B	2.4B	2.9B	3.0B
Intangible Assets	902.0M	947.9M	823.2M	764.1M	702.3M	416.9M
Common Stock	1.6B	1.6B	1.7B	1.7B	2.0B	2.1B
Property Plant Equipment	949.8M	983.7M	1.2B	1.3B	1.4B	1.5B
Other Liab	334.9M	316.5M	316.8M	275.1M	316.3M	332.2M
Net Tangible Assets	3.9B	4.8B	8.6B	8.8B	10.1B	5.7B
Other Stockholder Equity	64.9M	35.7M	(183.6M)	(105.6M)	(95.1M)	(90.3M)
Deferred Long Term Liab	35.9M	26.4M	20.6M	18.1M	16.3M	29.2M
Total Current Assets	3.8B	4.8B	7.3B	7.3B	8.3B	5.6B
Non Current Assets Total	4.5B	4.8B	5.6B	5.9B	6.8B	5.1B
Non Currrent Assets Other	35.9M	90.2M	882.6M	1.1B	875.3M	919.1M
Non Current Liabilities Total	642.4M	460.2M	358.2M	279.0M	392.5M	499.3M
Non Current Liabilities Other	892.5M	307.5M	500K	108.7K	1.6M	1.5M
Common Stock Shares Outstanding	1.6B	1.6B	1.7B	1.7B	1.7B	1.8B
Net Invested Capital	6.3B	7.1B	10.5B	10.7B	12.2B	9.2B
Net Working Capital	2.1B	2.6B	5.3B	5.2B	5.8B	4.2B
Good Will	1.2B	1.2B	1.1B	1.1B	1.2B	1.1B
Capital Stock	1.6B	1.6B	1.7B	1.7B	1.7B	1.8B

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Balance Sheet is a snapshot of the financial position of By health at a specified time, usually calculated after every quarter, six months, or one year. By Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of By Health 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 300146 currently owns. An asset can also be divided into two categories, current and non-current.

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300146 Depreciation vs Capital Expenditures Analysis

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Depreciation

Capital Expenditures

By Health fundamental ratios Correlations

By Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

By Health fundamental ratios Accounts

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Other Information on Investing in 300146 Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Inventory	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Total Stockholder Equity

Deferred Long Term Liab	- 0.96	Total Current Liabilities
Deferred Long Term Liab	- 0.95	Inventory
Deferred Long Term Liab	- 0.94	Accounts Payable
Deferred Long Term Liab	- 0.94	Total Assets
Non Current Assets Total	- 0.93	Deferred Long Term Liab
Total Current Assets	- 0.93	Deferred Long Term Liab