| NDGL Stock | | | 4,740 245.00 4.91% |
Naga Dhunseri financial indicator trend analysis is infinitely more than just investigating Naga Dhunseri Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Naga Dhunseri Group is a good investment. Please check the relationship between Naga Dhunseri Capital Expenditures and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Naga Dhunseri 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Naga Dhunseri Group Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have no relationship.
The correlation between Naga Dhunseri's Capital Expenditures and Depreciation is 0.06. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Naga Dhunseri Group, assuming nothing else is changed. The correlation between historical values of Naga Dhunseri's Capital Expenditures and 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 Capital Expenditures of Naga Dhunseri Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Naga Dhunseri's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.06 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Naga Dhunseri Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Naga Dhunseri operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Naga Dhunseri Group value has been used up. For tax purposes Naga Dhunseri can deduct the cost of the tangible assets it purchases as business expenses. However, Naga Dhunseri Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Naga Dhunseri's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Naga Dhunseri 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Naga Dhunseri 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.
Selling General Administrative is likely to gain to about 997
K in 2024.
Tax Provision is likely to gain to about 30.5
M in 2024
Naga Dhunseri fundamental ratios Correlations
Click cells to compare fundamentals
Naga Dhunseri Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Naga Dhunseri fundamental ratios Accounts
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measure Naga Dhunseri's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Naga Dhunseri is operating at the current time. Most of Naga Dhunseri's value examination focuses on studying past and present price action to
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