SICC Cost Of Revenue vs Reconciled Depreciation Analysis

688234 Stock   58.00  1.30  2.29%   
SICC financial indicator trend analysis is much more than just breaking down SICC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SICC is a good investment. Please check the relationship between SICC Cost Of Revenue and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SICC 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.

Cost Of Revenue vs Reconciled Depreciation

Cost Of Revenue vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SICC Cost Of Revenue account and Reconciled Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SICC's Cost Of Revenue and Reconciled Depreciation is 0.9. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of SICC Co, assuming nothing else is changed. The correlation between historical values of SICC's Cost Of Revenue and Reconciled 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 Cost Of Revenue of SICC Co are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Cost Of Revenue i.e., SICC's Cost Of Revenue and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cost Of Revenue

Cost of Revenue is found on SICC income statement and represents the costs associated with goods and services SICC provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Reconciled Depreciation

Most indicators from SICC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SICC 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 SICC 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.
The current year's Tax Provision is expected to grow to about (9.9 M). In addition to that, Selling General Administrative is expected to decline to about 58.8 M
 2021 2022 2023 2024 (projected)
Interest Expense6.9K127.0K216.9K206.0K
Interest Income6.0M18.3M15.4M11.0M

SICC fundamental ratios Correlations

0.90.360.98-0.580.180.760.950.970.57-0.580.870.92-0.320.970.80.120.99-0.80.980.880.890.830.950.960.77
0.90.480.86-0.690.240.870.950.960.74-0.690.910.95-0.320.940.910.220.86-0.790.790.870.680.850.940.940.86
0.360.480.22-0.79-0.640.790.440.470.92-0.790.650.520.50.350.560.760.270.00.230.070.00.090.590.580.8
0.980.860.22-0.540.320.70.920.930.47-0.540.840.88-0.470.950.74-0.061.0-0.880.980.930.950.890.880.890.71
-0.58-0.69-0.79-0.540.13-0.95-0.62-0.63-0.931.0-0.9-0.730.07-0.6-0.64-0.23-0.540.52-0.5-0.52-0.4-0.58-0.68-0.68-0.94
0.180.24-0.640.320.13-0.090.130.15-0.290.130.050.21-0.820.30.0-0.760.25-0.660.20.590.40.60.00.02-0.11
0.760.870.790.7-0.95-0.090.820.830.95-0.950.970.88-0.090.780.830.350.71-0.610.660.660.520.680.870.871.0
0.950.950.440.92-0.620.130.820.970.64-0.620.890.88-0.350.920.940.20.92-0.780.890.860.780.820.950.950.82
0.970.960.470.93-0.630.150.830.970.69-0.630.90.96-0.230.980.870.270.94-0.760.90.840.770.80.990.990.84
0.570.740.920.47-0.93-0.290.950.640.69-0.930.860.770.190.620.70.550.5-0.350.440.410.260.440.760.760.95
-0.58-0.69-0.79-0.541.00.13-0.95-0.62-0.63-0.93-0.9-0.730.07-0.6-0.64-0.23-0.540.52-0.5-0.52-0.4-0.58-0.68-0.68-0.94
0.870.910.650.84-0.90.050.970.890.90.86-0.90.93-0.240.870.830.20.84-0.750.80.790.70.810.910.910.97
0.920.950.520.88-0.730.210.880.880.960.77-0.730.93-0.20.970.770.230.88-0.770.830.830.720.820.950.960.88
-0.32-0.320.5-0.470.07-0.82-0.09-0.35-0.230.190.07-0.24-0.2-0.32-0.270.8-0.40.77-0.38-0.7-0.58-0.73-0.1-0.11-0.06
0.970.940.350.95-0.60.30.780.920.980.62-0.60.870.97-0.320.770.120.95-0.830.910.90.830.860.950.960.79
0.80.910.560.74-0.640.00.830.940.870.7-0.640.830.77-0.270.770.340.74-0.630.690.710.540.70.870.860.82
0.120.220.76-0.06-0.23-0.760.350.20.270.55-0.230.20.230.80.120.340.010.41-0.02-0.28-0.3-0.320.390.370.37
0.990.860.271.0-0.540.250.710.920.940.5-0.540.840.88-0.40.950.740.01-0.840.990.90.940.860.90.910.72
-0.8-0.790.0-0.880.52-0.66-0.61-0.78-0.76-0.350.52-0.75-0.770.77-0.83-0.630.41-0.84-0.8-0.99-0.87-0.99-0.66-0.68-0.6
0.980.790.230.98-0.50.20.660.890.90.44-0.50.80.83-0.380.910.69-0.020.99-0.80.860.960.810.870.880.67
0.880.870.070.93-0.520.590.660.860.840.41-0.520.790.83-0.70.90.71-0.280.9-0.990.860.890.990.760.780.65
0.890.680.00.95-0.40.40.520.780.770.26-0.40.70.72-0.580.830.54-0.30.94-0.870.960.890.850.710.730.53
0.830.850.090.89-0.580.60.680.820.80.44-0.580.810.82-0.730.860.7-0.320.86-0.990.810.990.850.720.740.67
0.950.940.590.88-0.680.00.870.950.990.76-0.680.910.95-0.10.950.870.390.9-0.660.870.760.710.721.00.88
0.960.940.580.89-0.680.020.870.950.990.76-0.680.910.96-0.110.960.860.370.91-0.680.880.780.730.741.00.88
0.770.860.80.71-0.94-0.111.00.820.840.95-0.940.970.88-0.060.790.820.370.72-0.60.670.650.530.670.880.88
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Other Information on Investing in SICC Stock

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