TGS Depreciation vs Capital Expenditures Analysis
| TGS Stock | CAD 0.06 0.00 0.00% |
TGS Esports financial indicator trend analysis is much more than just breaking down TGS Esports prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TGS Esports is a good investment. Please check the relationship between TGS Esports Depreciation and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TGS Esports. 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.
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 TGS Esports Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have totally related.
The correlation between TGS Esports' Depreciation and Capital Expenditures is 0.99. 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 TGS Esports, assuming nothing else is changed. The correlation between historical values of TGS Esports' 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 TGS Esports 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., TGS Esports' Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Depreciation
Depreciation indicates how much of TGS Esports value has been used up. For tax purposes TGS Esports can deduct the cost of the tangible assets it purchases as business expenses. However, TGS Esports 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 TGS Esports to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of TGS Esports operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from TGS Esports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TGS Esports 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 TGS Esports. 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. Issuance Of Capital Stock is likely to climb to about 4.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.2 M in 2024.
| 2010 | 2020 | 2023 | 2024 (projected) | Total Operating Expenses | 2.2M | 4.2M | 4.9M | 3.5M | Cost Of Revenue | 324.3K | 112.6K | 101.4K | 174.8K |
TGS Esports fundamental ratios Correlations
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TGS Esports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for TGS Stock Analysis
When running TGS Esports' price analysis, check to measure TGS Esports' 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 TGS Esports is operating at the current time. Most of TGS Esports' value examination focuses on studying past and present price action to predict the probability of TGS Esports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TGS Esports' price. Additionally, you may evaluate how the addition of TGS Esports to your portfolios can decrease your overall portfolio volatility.