Cronos Depreciation And Amortization vs Cost Of Revenue Analysis
CRON Stock | CAD 2.86 0.07 2.51% |
Cronos financial indicator trend analysis is way more than just evaluating Cronos Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cronos Group is a good investment. Please check the relationship between Cronos Depreciation And Amortization and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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 Cost Of Revenue
Depreciation And Amortization vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Depreciation And Amortization account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cronos' Depreciation And Amortization and Cost Of Revenue is 0.94. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Depreciation And Amortization and Cost Of Revenue 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 Cronos Group are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Depreciation And Amortization i.e., Cronos' Depreciation And Amortization and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very 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.Cost Of Revenue
Cost of Revenue is found on Cronos Group income statement and represents the costs associated with goods and services Cronos 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.Most indicators from Cronos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cronos Group 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 Cronos Group. 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 the 23rd of December 2024, Selling General Administrative is likely to drop to about 43.8 M. In addition to that, Tax Provision is likely to grow to about (3.1 M)
Cronos fundamental ratios Correlations
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Cronos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cronos fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Other Current Liab | 297.2M | 183.3M | 37.1M | 18.5M | 16.5M | 15.7M | |
Total Current Liabilities | 332.9M | 206.8M | 54.4M | 68.1M | 41.4M | 75.2M | |
Total Stockholder Equity | 1.7B | 1.7B | 1.3B | 1.1B | 1.1B | 730.8M | |
Net Debt | (1.2B) | (1.1B) | (877.2M) | (760.8M) | (666.7M) | (633.4M) | |
Retained Earnings | 1.1B | 1.1B | 659.4M | 490.7M | 416.7M | 373.6M | |
Accounts Payable | 35.3M | 19.3M | 11.1M | 11.2M | 12.1M | 9.9M | |
Cash | 1.2B | 1.1B | 887.0M | 764.6M | 669.3M | 463.4M | |
Non Current Assets Total | 520.4M | 553.5M | 318.0M | 252.9M | 206.8M | 209.9M | |
Cash And Short Term Investments | 1.5B | 1.3B | 1.0B | 877.7M | 861.5M | 557.5M | |
Common Stock Shares Outstanding | 172.3M | 342.8M | 351.6M | 370.4M | 381.0M | 233.2M | |
Liabilities And Stockholders Equity | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Non Current Liabilities Total | 8.5M | 10.7M | 9.1M | 3.9M | 2.6M | 4.5M | |
Other Current Assets | 12.6M | 12.3M | 9.0M | 13.6M | 5.4M | 6.2M | |
Other Stockholder Equity | 23.2M | 34.6M | 32.5M | 42.7M | 48.4M | 50.9M | |
Total Liab | 341.4M | 217.5M | 63.5M | 72.0M | 44.0M | 79.6M | |
Total Current Assets | 1.6B | 1.4B | 1.1B | 960.2M | 933.3M | 599.3M | |
Short Long Term Debt Total | 7.1M | 9.8M | 9.8M | 3.9M | 2.6M | 2.4M | |
Other Liab | 1.8M | 2.2M | 2.0M | 1.4M | 1.6M | 1.5M | |
Net Tangible Assets | 1.5B | 1.5B | 1.3B | 1.1B | 1.3B | 683.9M | |
Property Plant And Equipment Net | 168.4M | 197.4M | 83.0M | 62.8M | 60.8M | 83.2M | |
Non Currrent Assets Other | 64.4M | 87.7M | 100K | 72.5M | 45K | 42.8K | |
Other Assets | 64.4M | 87.7M | 80.7M | 193K | 222.0K | 210.9K | |
Net Receivables | 16.5M | 26.0M | 33.3M | 31.3M | 35.9M | 37.7M | |
Good Will | 214.8M | 179.5M | 1.1M | 1.0M | 1.1M | 1.0M | |
Common Stock Total Equity | 66.4M | 165.6M | 561.2M | 569.3M | 654.6M | 687.4M | |
Inventory | 38.0M | 44.0M | 32.8M | 37.6M | 30.5M | 23.1M | |
Long Term Investments | 557K | 19.2M | 135.2M | 89.7M | 54.7M | 35.9M | |
Property Plant And Equipment Gross | 168.4M | 197.4M | 83.0M | 207.2M | 200.6M | 114.5M | |
Accumulated Other Comprehensive Income | 27.8M | 43.0M | 49.9M | (797K) | 20.7M | 15.9M | |
Short Term Debt | 427K | 1.3M | 2.7M | 1.3M | 994K | 944.3K | |
Intangible Assets | 72.3M | 69.7M | 18.1M | 26.7M | 21.1M | 26.0M | |
Common Stock | 561.2M | 569.3M | 595.5M | 611.3M | 613.7M | 355.3M | |
Property Plant Equipment | 166.5M | 197.4M | 83.0M | 62.8M | 72.3M | 85.3M | |
Capital Surpluse | 23.2M | 34.6M | 32.5M | 42.7M | 49.1M | 51.5M | |
Cash And Equivalents | 1.2B | 1.1B | 887.0M | 764.6M | 879.3M | 622.7M | |
Net Invested Capital | 1.7B | 1.7B | 1.3B | 1.1B | 1.1B | 1.1B |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.