PCJEWELLER | | | 16.80 0.89 5.03% |
PC Jeweller financial indicator trend analysis is much more than just breaking down PC Jeweller Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PC Jeweller Limited is a good investment. Please check the relationship between PC Jeweller Other Non Cash Items and its Depreciation accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PC Jeweller Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PC Jeweller Limited Other Non Cash Items account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between PC Jeweller's Other Non Cash Items and Depreciation is 0.72. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of PC Jeweller Limited, assuming nothing else is changed. The correlation between historical values of PC Jeweller's Other Non Cash Items 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 Other Non Cash Items of PC Jeweller Limited 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 Other Non Cash Items i.e., PC Jeweller's Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Non Cash Items
Depreciation
Depreciation indicates how much of PC Jeweller Limited value has been used up. For tax purposes PC Jeweller can deduct the cost of the tangible assets it purchases as business expenses. However, PC Jeweller Limited 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 PC Jeweller's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PC Jeweller Limited 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PC Jeweller Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Selling General Administrative is expected to rise to about 79.3
M this year, although the value of
Tax Provision is projected to rise to (22.9
M).
PC Jeweller fundamental ratios Correlations
Click cells to compare fundamentals
PC Jeweller Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PC Jeweller fundamental ratios Accounts
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Other Information on Investing in PCJEWELLER Stock
Balance Sheet is a snapshot of the
financial position of PC Jeweller Limited at a specified time, usually calculated after every quarter, six months, or one year. PC Jeweller Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PC Jeweller 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 PCJEWELLER currently owns. An asset can also be divided into two categories, current and non-current.