| PRV Stock | | | 654.00 4.00 0.62% |
Porvair Plc financial indicator trend analysis is much more than just breaking down Porvair plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Porvair plc is a good investment. Please check the relationship between Porvair Plc Depreciation and its Capital Expenditures accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Porvair plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Porvair plc Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Porvair Plc's Depreciation and Capital Expenditures is 0.42. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Porvair plc, assuming nothing else is changed. The correlation between historical values of Porvair Plc's Depreciation and Capital Expenditures 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 of Porvair plc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Porvair Plc's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of Porvair plc value has been used up. For tax purposes Porvair Plc can deduct the cost of the tangible assets it purchases as business expenses. However, Porvair plc 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.
Capital Expenditures
Capital Expenditures are funds used by Porvair plc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Porvair Plc operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Porvair Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Porvair plc 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 Porvair plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 22.2
M. In addition to that,
Tax Provision is expected to decline to about 3.4
MPorvair Plc fundamental ratios Correlations
Click cells to compare fundamentals
Porvair Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Porvair Plc fundamental ratios Accounts
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Other Information on Investing in Porvair Stock
Balance Sheet is a snapshot of the
financial position of Porvair plc at a specified time, usually calculated after every quarter, six months, or one year. Porvair Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Porvair Plc 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 Porvair currently owns. An asset can also be divided into two categories, current and non-current.