VIPCLOTHNG | | | 45.86 2.89 6.73% |
VIP Clothing financial indicator trend analysis is much more than just breaking down VIP Clothing Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VIP Clothing Limited is a good investment. Please check the relationship between VIP Clothing Depreciation and its Net Borrowings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in VIP Clothing 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 bureau of economic analysis.
Depreciation vs Net Borrowings
Depreciation vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VIP Clothing Limited Depreciation account and
Net Borrowings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between VIP Clothing's Depreciation and Net Borrowings is 0.56. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of VIP Clothing Limited, assuming nothing else is changed. The correlation between historical values of VIP Clothing's Depreciation and Net Borrowings 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 VIP Clothing Limited are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Depreciation i.e., VIP Clothing's Depreciation and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of VIP Clothing Limited value has been used up. For tax purposes VIP Clothing can deduct the cost of the tangible assets it purchases as business expenses. However, VIP Clothing 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.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from VIP Clothing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VIP Clothing 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
World Market Map to better understand how to build diversified portfolios, which includes a position in VIP Clothing 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 bureau of economic analysis.
Selling General Administrative is likely to gain to about 34.8
M in 2024, whereas
Discontinued Operations is likely to drop (1.1
M) in 2024.
VIP Clothing fundamental ratios Correlations
Click cells to compare fundamentals
VIP Clothing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VIP Clothing fundamental ratios Accounts
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Additional Tools for VIP Stock Analysis
When running VIP Clothing's price analysis, check to
measure VIP Clothing'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 VIP Clothing is operating at the current time. Most of VIP Clothing's value examination focuses on studying past and present price action to
predict the probability of VIP Clothing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VIP Clothing's price. Additionally, you may evaluate how the addition of VIP Clothing to your portfolios can decrease your overall portfolio volatility.