| NX Stock | | | USD 28.81 2.06 6.67% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Depreciation And Amortization and its Cost Of Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
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
Quanex Building Products Depreciation And Amortization account and
Cost Of Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Quanex Building's Depreciation And Amortization and Cost Of Revenue is 0.26. 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 Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's 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 Quanex Building Products 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., Quanex Building's Depreciation And Amortization and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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 Quanex Building Products income statement and represents the costs associated with goods and services Quanex Building 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 Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Enterprise Value is likely to rise to about 737.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 103.3
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 2.6M | 8.1M | 7.3M | 7.0M | Depreciation And Amortization | 40.1M | 42.9M | 49.3M | 56.5M |
Quanex Building fundamental ratios Correlations
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Quanex Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quanex Building fundamental ratios Accounts
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Additional Tools for Quanex Stock Analysis
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measure Quanex Building'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 Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to
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