MKDWELL Reconciled Depreciation vs Total Revenue Analysis
MKDW Stock | 0.96 0.04 4.00% |
MKDWELL Tech financial indicator trend analysis is infinitely more than just investigating MKDWELL Tech Ordinary recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MKDWELL Tech Ordinary is a good investment. Please check the relationship between MKDWELL Tech Reconciled Depreciation and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MKDWELL Tech Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Reconciled Depreciation vs Total Revenue
Reconciled Depreciation vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MKDWELL Tech Ordinary Reconciled Depreciation account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between MKDWELL Tech's Reconciled Depreciation and Total Revenue is -0.65. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Total Revenue in the same time period over historical financial statements of MKDWELL Tech Ordinary, assuming nothing else is changed. The correlation between historical values of MKDWELL Tech's Reconciled Depreciation and Total 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 Reconciled Depreciation of MKDWELL Tech Ordinary are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Reconciled Depreciation i.e., MKDWELL Tech's Reconciled Depreciation and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Reconciled Depreciation
Total Revenue
Total revenue comprises all receipts MKDWELL Tech Ordinary generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from MKDWELL Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MKDWELL Tech Ordinary 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MKDWELL Tech Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. Selling General Administrative is likely to drop to about 1.2 M in 2024. Sales General And Administrative To Revenue is likely to drop to 0.26 in 2024
2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 304.1K | 390.0K | 244.4K | 250.3K | Depreciation And Amortization | 600.6K | 528.1K | 563.0K | 451.1K |
MKDWELL Tech fundamental ratios Correlations
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MKDWELL Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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