Nanya Depreciation And Amortization vs Total Current Assets Analysis

688519 Stock   19.18  0.79  3.96%   
Nanya New financial indicator trend analysis is infinitely more than just investigating Nanya New Material recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanya New Material is a good investment. Please check the relationship between Nanya New Depreciation And Amortization and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanya New Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Depreciation And Amortization vs Total Current Assets

Depreciation And Amortization vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanya New Material Depreciation And Amortization account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nanya New's Depreciation And Amortization and Total Current Assets is 0.93. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Nanya New Material, assuming nothing else is changed. The correlation between historical values of Nanya New's Depreciation And Amortization and Total Current Assets 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 And Amortization of Nanya New Material are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Depreciation And Amortization i.e., Nanya New's Depreciation And Amortization and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Nanya New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanya New Material 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 Nanya New Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of January 5, 2025, Selling General Administrative is expected to decline to about 27.3 M. The current year's Tax Provision is expected to grow to about (27.6 M)
 2022 2024 2025 (projected)
Interest Expense12.0M12.5M8.7M
Depreciation And Amortization89.6M103.0M60.0M

Nanya New fundamental ratios Correlations

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0.490.760.710.360.59-0.050.440.480.250.69-0.060.050.660.680.65-0.310.330.710.340.990.480.450.770.40.67
0.870.760.960.790.82-0.530.870.890.690.880.410.570.90.950.86-0.680.750.960.820.820.750.780.940.80.87
0.940.710.960.880.9-0.660.940.960.780.960.40.670.970.990.96-0.80.841.00.880.790.830.880.980.880.92
0.990.360.790.880.84-0.920.960.930.970.890.370.940.910.890.92-0.880.990.880.990.470.880.970.850.990.8
0.880.590.820.90.84-0.740.860.860.790.920.160.660.930.90.91-0.840.810.90.810.670.880.890.910.880.99
-0.86-0.05-0.53-0.66-0.92-0.74-0.83-0.77-0.97-0.74-0.28-0.95-0.74-0.69-0.760.81-0.94-0.66-0.88-0.18-0.8-0.89-0.65-0.92-0.65
0.980.440.870.940.960.86-0.830.990.90.910.490.840.910.950.91-0.910.930.940.970.550.810.910.890.940.83
0.970.480.890.960.930.86-0.770.990.850.90.550.80.920.960.91-0.870.90.960.950.590.810.890.90.920.85
0.940.250.690.780.970.79-0.970.90.850.840.310.940.840.810.85-0.830.980.790.940.370.850.940.780.960.74
0.940.690.880.960.890.92-0.740.910.90.840.240.690.970.970.98-0.820.870.960.850.780.850.920.980.90.91
0.39-0.060.410.40.370.16-0.280.490.550.310.240.360.260.410.22-0.210.330.40.460.010.150.240.280.310.18
0.870.050.570.670.940.66-0.950.840.80.940.690.360.740.680.76-0.790.950.670.940.170.80.890.630.920.59
0.960.660.90.970.910.93-0.740.910.920.840.970.260.740.950.98-0.810.890.970.90.750.940.960.970.940.93
0.950.680.950.990.890.9-0.690.950.960.810.970.410.680.950.95-0.820.850.990.890.770.810.880.980.890.91
0.960.650.860.960.920.91-0.760.910.910.850.980.220.760.980.95-0.850.910.960.890.740.890.950.970.940.9
-0.88-0.31-0.68-0.8-0.88-0.840.81-0.91-0.87-0.83-0.82-0.21-0.79-0.81-0.82-0.85-0.85-0.8-0.86-0.42-0.74-0.84-0.76-0.87-0.77
0.970.330.750.840.990.81-0.940.930.90.980.870.330.950.890.850.91-0.850.840.980.450.880.970.830.990.76
0.950.710.961.00.880.9-0.660.940.960.790.960.40.670.970.990.96-0.80.840.880.790.830.880.980.890.92
0.980.340.820.880.990.81-0.880.970.950.940.850.460.940.90.890.89-0.860.980.880.450.860.940.840.980.78
0.60.990.820.790.470.67-0.180.550.590.370.780.010.170.750.770.74-0.420.450.790.450.560.560.850.510.75
0.890.480.750.830.880.88-0.80.810.810.850.850.150.80.940.810.89-0.740.880.830.860.560.960.840.920.86
0.970.450.780.880.970.89-0.890.910.890.940.920.240.890.960.880.95-0.840.970.880.940.560.960.890.980.85
0.920.770.940.980.850.91-0.650.890.90.780.980.280.630.970.980.97-0.760.830.980.840.850.840.890.870.93
0.980.40.80.880.990.88-0.920.940.920.960.90.310.920.940.890.94-0.870.990.890.980.510.920.980.870.85
0.860.670.870.920.80.99-0.650.830.850.740.910.180.590.930.910.9-0.770.760.920.780.750.860.850.930.85
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Nanya New Account Relationship Matchups

Nanya New fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.6B5.1B4.9B4.5B5.2B3.6B
Short Long Term Debt Total237.6M99.5M313.3M397.8M457.5M279.2M
Other Current Liab248.2M532.8M568.1M442.3M508.7M415.0M
Total Current Liabilities959.2M2.0B2.0B1.9B2.1B1.5B
Total Stockholder Equity2.6B2.9B2.7B2.4B2.8B1.9B
Property Plant And Equipment Net609.9M1.0B1.5B1.6B1.8B1.9B
Net Debt136.0M(653.5M)(219.4M)(314.0M)(282.6M)(268.5M)
Retained Earnings390.5M725.5M708.9M523.1M601.5M440.4M
Accounts Payable614.7M1.1B1.0B858.8M987.6M795.1M
Cash753.0M532.6M711.8M536.1M616.6M447.8M
Non Current Assets Total684.9M1.2B1.7B1.8B2.0B1.0B
Non Currrent Assets Other7.0M41.5M24.2M4.4M5.1M4.8M
Cash And Short Term Investments101.7M1.4B1.1B711.8M818.6M647.3M
Common Stock Shares Outstanding175.7M196.7M234.9M234.8M270.0M224.5M
Liabilities And Stockholders Equity1.8B3.6B5.1B4.9B5.6B3.4B
Non Current Liabilities Total70.8M199.6M237.0M196.3M225.7M141.5M
Inventory265.1M395.1M398.6M470.0M540.5M314.0M
Other Current Assets125.2M30.1M29.2M1.0M922.9K876.7K
Other Stockholder Equity231.3M2.0B1.9B1.7B2.0B1.2B
Total Liab1.0B2.2B2.2B2.0B2.4B1.7B
Total Current Assets2.9B3.9B3.2B2.7B3.2B2.6B
Short Term Debt220.1M96.3M303.5M390.8M449.5M263.6M
Intangible Assets51.4M51.9M51.1M50.6M58.1M53.5M
Net Receivables918.3M1.6B1.5B1.1B1.3B1.3B
Net Invested Capital2.7B3.2B3.1B2.9B3.3B2.8B
Short Long Term Debt96.3M303.5M390.8M440.3M506.3M319.2M
Net Working Capital2.0B1.9B1.2B892.1M1.0B1.4B

Currently Active Assets on Macroaxis

Other Information on Investing in Nanya Stock

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