| 300248 Stock | | | 9.57 0.02 0.21% |
Newcapec Electronics financial indicator trend analysis is infinitely more than just investigating Newcapec Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newcapec Electronics is a good investment. Please check the relationship between Newcapec Electronics Net Income and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Newcapec Electronics Co. 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.
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
Newcapec Electronics Net Income account and
Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between Newcapec Electronics' Net Income and Depreciation is 0.36. 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 Newcapec Electronics Co, assuming nothing else is changed. The correlation between historical values of Newcapec Electronics' 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 Newcapec Electronics Co 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., Newcapec Electronics' Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Newcapec Electronics financial statement analysis. It represents the amount of money remaining after all of Newcapec Electronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Newcapec Electronics value has been used up. For tax purposes Newcapec Electronics can deduct the cost of the tangible assets it purchases as business expenses. However, Newcapec Electronics Co 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 Newcapec Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newcapec Electronics 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 Newcapec Electronics Co. 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.
As of January 22, 2025,
Selling General Administrative is expected to decline to about 181.4
M. In addition to that,
Tax Provision is expected to decline to about 4.6
MNewcapec Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Newcapec Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newcapec Electronics fundamental ratios Accounts
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Other Information on Investing in Newcapec Stock
Balance Sheet is a snapshot of the
financial position of Newcapec Electronics at a specified time, usually calculated after every quarter, six months, or one year. Newcapec Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Newcapec Electronics 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 Newcapec currently owns. An asset can also be divided into two categories, current and non-current.