688123 Stock | | | 55.91 0.18 0.32% |
Giantec Semiconductor financial indicator trend analysis is much more than just examining Giantec Semiconductor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Giantec Semiconductor is a good investment. Please check the relationship between Giantec Semiconductor Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Giantec Semiconductor Corp. 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Giantec Semiconductor Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Giantec Semiconductor's Capital Expenditures and Depreciation is 0.41. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Giantec Semiconductor Corp, assuming nothing else is changed. The correlation between historical values of Giantec Semiconductor's Capital Expenditures 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 Capital Expenditures of Giantec Semiconductor Corp 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 Capital Expenditures i.e., Giantec Semiconductor's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Giantec Semiconductor to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Giantec Semiconductor operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Giantec Semiconductor value has been used up. For tax purposes Giantec Semiconductor can deduct the cost of the tangible assets it purchases as business expenses. However, Giantec Semiconductor Corp 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 Giantec Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Giantec Semiconductor 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 Giantec Semiconductor Corp. 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 5, 2025,
Tax Provision is expected to decline to about 2.2
M. In addition to that,
Selling General Administrative is expected to decline to about 61.2
MGiantec Semiconductor fundamental ratios Correlations
Click cells to compare fundamentals
Giantec Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Giantec Semiconductor fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Giantec Stock
Balance Sheet is a snapshot of the
financial position of Giantec Semiconductor at a specified time, usually calculated after every quarter, six months, or one year. Giantec Semiconductor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Giantec Semiconductor 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 Giantec currently owns. An asset can also be divided into two categories, current and non-current.