603277 Stock | | | 24.16 0.14 0.58% |
Yindu Kitchen financial indicator trend analysis is more than just analyzing Yindu Kitchen Equipment current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yindu Kitchen Equipment is a good investment. Please check the relationship between Yindu Kitchen Depreciation and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yindu Kitchen Equipment. 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
Yindu Kitchen Equipment Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Yindu Kitchen's Depreciation and Capital Expenditures is 0.8. 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 Yindu Kitchen Equipment, assuming nothing else is changed. The correlation between historical values of Yindu Kitchen'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 Yindu Kitchen Equipment 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., Yindu Kitchen's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Depreciation
Depreciation indicates how much of Yindu Kitchen Equipment value has been used up. For tax purposes Yindu Kitchen can deduct the cost of the tangible assets it purchases as business expenses. However, Yindu Kitchen Equipment 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 Yindu Kitchen Equipment to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Yindu Kitchen operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Yindu Kitchen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yindu Kitchen Equipment 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 Yindu Kitchen Equipment. 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 December 11, 2024,
Selling General Administrative is expected to decline to about 256.2
M. In addition to that,
Tax Provision is expected to decline to about 63.9
MYindu Kitchen fundamental ratios Correlations
Click cells to compare fundamentals
Yindu Kitchen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yindu Kitchen fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yindu Stock
Balance Sheet is a snapshot of the
financial position of Yindu Kitchen Equipment at a specified time, usually calculated after every quarter, six months, or one year. Yindu Kitchen Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yindu Kitchen 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 Yindu currently owns. An asset can also be divided into two categories, current and non-current.