TCPLPACK | | | 3,219 13.75 0.43% |
TCPL Packaging financial indicator trend analysis is much more than just breaking down TCPL Packaging prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TCPL Packaging is a good investment. Please check the relationship between TCPL Packaging Income Before Tax and its Depreciation And Amortization accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TCPL Packaging 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 american community survey.
Income Before Tax vs Depreciation And Amortization
Income Before Tax vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TCPL Packaging Income Before Tax account and
Depreciation And Amortization. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TCPL Packaging's Income Before Tax and Depreciation And Amortization is 0.88. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of TCPL Packaging Limited, assuming nothing else is changed. The correlation between historical values of TCPL Packaging's Income Before Tax and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of TCPL Packaging Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Income Before Tax i.e., TCPL Packaging's Income Before Tax and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on TCPL Packaging income statement and is an important metric when analyzing TCPL Packaging profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
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.
Most indicators from TCPL Packaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TCPL Packaging 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
World Market Map to better understand how to build diversified portfolios, which includes a position in TCPL Packaging 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 american community survey.
The current year's
Selling General Administrative is expected to grow to about 488.6
M, whereas
Tax Provision is forecasted to decline to about 201.9
M.
TCPL Packaging fundamental ratios Correlations
Click cells to compare fundamentals
TCPL Packaging Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TCPL Packaging fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in TCPL Stock
Balance Sheet is a snapshot of the
financial position of TCPL Packaging at a specified time, usually calculated after every quarter, six months, or one year. TCPL Packaging Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TCPL Packaging 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 TCPL currently owns. An asset can also be divided into two categories, current and non-current.