SICC Intangible Assets vs Property Plant And Equipment Net Analysis
688234 Stock | 54.90 1.46 2.59% |
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 Intangible Assets and its Property Plant And Equipment Net 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.
Intangible Assets vs Property Plant And Equipment Net
Intangible Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SICC Intangible Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between SICC's Intangible Assets and Property Plant And Equipment Net is 0.72. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant And Equipment Net 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 Intangible Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of SICC Co are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Intangible Assets i.e., SICC's Intangible Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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 Expense | 6.9K | 127.0K | 216.9K | 206.0K | Interest Income | 6.0M | 18.3M | 15.4M | 11.0M |
SICC fundamental ratios Correlations
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SICC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.