YXTCOM Net Income vs Depreciation Analysis

YXT Stock

2.61 0.09 3.33%

YXTCOM GROUP financial indicator trend analysis is more than just analyzing YXTCOM GROUP HOLDING current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YXTCOM GROUP HOLDING is a good investment. Please check the relationship between YXTCOM GROUP Net Income and its Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YXTCOM GROUP HOLDING. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YXTCOM GROUP HOLDING Net Income account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between YXTCOM GROUP's Net Income and Depreciation is -0.56. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of YXTCOM GROUP HOLDING, assuming nothing else is changed. The correlation between historical values of YXTCOM GROUP's Net Income 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 Net Income of YXTCOM GROUP HOLDING 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 Net Income i.e., YXTCOM GROUP's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in YXTCOM GROUP HOLDING financial statement analysis. It represents the amount of money remaining after all of YXTCOM GROUP HOLDING operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Depreciation

Depreciation indicates how much of YXTCOM GROUP HOLDING value has been used up. For tax purposes YXTCOM GROUP can deduct the cost of the tangible assets it purchases as business expenses. However, YXTCOM GROUP HOLDING 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 YXTCOM GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YXTCOM GROUP HOLDING 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in YXTCOM GROUP HOLDING. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Selling General Administrative is likely to gain to about 463.6 M in 2024, despite the fact that Tax Provision is likely to grow to (9.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	200.6M	232.7M	229.5M	222.9M
Total Revenue	361.0M	430.6M	424.0M	399.2M

Gross Profit Total Revenue

YXTCOM GROUP fundamental ratios Correlations

	Other Current Assets	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock
Other Current Assets		0.29	0.05	0.02	0.06	-0.04	0.06	0.05	0.06	0.04	0.16	-0.03	-0.26	0.22	0.13	0.13	0.2	0.0	0.05	-0.23	0.0	0.05	0.01	-0.22	0.32	0.1
Total Assets	0.29		0.53	0.51	-0.29	0.35	-0.3	0.6	-0.28	0.58	0.81	0.38	-0.72	0.9	0.13	0.13	0.16	0.47	0.59	-0.31	0.48	-0.33	0.51	-0.88	0.92	-0.01
Other Current Liab	0.05	0.53		0.99	-0.8	0.77	-0.8	0.94	-0.79	0.82	0.87	0.73	-0.37	0.67	-0.41	-0.41	-0.58	0.81	0.97	0.46	0.83	-0.83	0.88	-0.82	0.35	-0.53
Total Current Liabilities	0.02	0.51	0.99		-0.88	0.87	-0.89	0.98	-0.88	0.89	0.89	0.83	-0.25	0.64	-0.49	-0.49	-0.68	0.89	0.99	0.56	0.9	-0.91	0.94	-0.76	0.27	-0.62
Total Stockholder Equity	0.06	-0.29	-0.8	-0.88		-0.99	1.0	-0.92	1.0	-0.95	-0.76	-0.98	-0.2	-0.36	0.75	0.75	0.89	-0.97	-0.88	-0.82	-0.97	1.0	-0.96	0.44	0.04	0.85
Other Liab	-0.04	0.35	0.77	0.87	-0.99		-0.99	0.92	-0.99	0.97	0.78	1.0	0.19	0.41	-0.71	-0.71	-0.86	0.99	0.87	0.78	0.99	-0.99	0.97	-0.45	0.0	-0.82
Net Tangible Assets	0.06	-0.3	-0.8	-0.89	1.0	-0.99		-0.92	1.0	-0.95	-0.77	-0.98	-0.19	-0.37	0.75	0.75	0.89	-0.97	-0.88	-0.81	-0.98	1.0	-0.96	0.45	0.03	0.85
Property Plant And Equipment Net	0.05	0.6	0.94	0.98	-0.92	0.92	-0.92		-0.91	0.97	0.93	0.91	-0.2	0.69	-0.5	-0.5	-0.68	0.96	0.99	0.55	0.96	-0.94	0.99	-0.75	0.31	-0.64
Retained Earnings	0.06	-0.28	-0.79	-0.88	1.0	-0.99	1.0	-0.91		-0.94	-0.76	-0.98	-0.22	-0.35	0.76	0.76	0.9	-0.97	-0.87	-0.83	-0.97	1.0	-0.96	0.43	0.05	0.86
Accounts Payable	0.04	0.58	0.82	0.89	-0.95	0.97	-0.95	0.97	-0.94		0.9	0.97	-0.03	0.6	-0.59	-0.59	-0.71	0.99	0.92	0.6	0.99	-0.96	0.98	-0.64	0.25	-0.72
Cash	0.16	0.81	0.87	0.89	-0.76	0.78	-0.77	0.93	-0.76	0.9		0.78	-0.42	0.78	-0.39	-0.39	-0.4	0.84	0.92	0.26	0.85	-0.79	0.88	-0.89	0.61	-0.53
Non Current Assets Total	-0.03	0.38	0.73	0.83	-0.98	1.0	-0.98	0.91	-0.98	0.97	0.78		0.2	0.42	-0.7	-0.7	-0.84	0.99	0.85	0.75	0.99	-0.98	0.96	-0.44	0.02	-0.81
Other Assets	-0.26	-0.72	-0.37	-0.25	-0.2	0.19	-0.19	-0.2	-0.22	-0.03	-0.42	0.2		-0.75	-0.56	-0.56	-0.53	0.07	-0.28	0.65	0.05	-0.14	-0.05	0.78	-0.86	-0.47
Net Receivables	0.22	0.9	0.67	0.64	-0.36	0.41	-0.37	0.69	-0.35	0.6	0.78	0.42	-0.75		0.25	0.25	0.0	0.54	0.71	-0.17	0.55	-0.42	0.61	-0.89	0.75	0.09
Good Will	0.13	0.13	-0.41	-0.49	0.75	-0.71	0.75	-0.5	0.76	-0.59	-0.39	-0.7	-0.56	0.25		1.0	0.78	-0.62	-0.45	-0.8	-0.61	0.71	-0.57	0.01	0.3	0.98
Common Stock Shares Outstanding	0.13	0.13	-0.41	-0.49	0.75	-0.71	0.75	-0.5	0.76	-0.59	-0.39	-0.7	-0.56	0.25	1.0		0.78	-0.62	-0.45	-0.8	-0.61	0.71	-0.57	0.01	0.3	0.98
Short Term Investments	0.2	0.16	-0.58	-0.68	0.89	-0.86	0.89	-0.68	0.9	-0.71	-0.4	-0.84	-0.53	0.0	0.78	0.78		-0.79	-0.64	-0.99	-0.79	0.88	-0.76	0.05	0.48	0.83
Non Current Liabilities Total	0.0	0.47	0.81	0.89	-0.97	0.99	-0.97	0.96	-0.97	0.99	0.84	0.99	0.07	0.54	-0.62	-0.62	-0.79		0.91	0.69	1.0	-0.98	0.99	-0.55	0.12	-0.74
Capital Lease Obligations	0.05	0.59	0.97	0.99	-0.88	0.87	-0.88	0.99	-0.87	0.92	0.92	0.85	-0.28	0.71	-0.45	-0.45	-0.64	0.91		0.51	0.92	-0.91	0.96	-0.79	0.33	-0.58
Other Stockholder Equity	-0.23	-0.31	0.46	0.56	-0.82	0.78	-0.81	0.55	-0.83	0.6	0.26	0.75	0.65	-0.17	-0.8	-0.8	-0.99	0.69	0.51		0.69	-0.79	0.65	0.11	-0.6	-0.82
Total Liab	0.0	0.48	0.83	0.9	-0.97	0.99	-0.98	0.96	-0.97	0.99	0.85	0.99	0.05	0.55	-0.61	-0.61	-0.79	1.0	0.92	0.69		-0.98	0.99	-0.57	0.13	-0.74
Net Invested Capital	0.05	-0.33	-0.83	-0.91	1.0	-0.99	1.0	-0.94	1.0	-0.96	-0.79	-0.98	-0.14	-0.42	0.71	0.71	0.88	-0.98	-0.91	-0.79	-0.98		-0.98	0.49	0.0	0.82
Property Plant And Equipment Gross	0.01	0.51	0.88	0.94	-0.96	0.97	-0.96	0.99	-0.96	0.98	0.88	0.96	-0.05	0.61	-0.57	-0.57	-0.76	0.99	0.96	0.65	0.99	-0.98		-0.64	0.19	-0.7
Short Long Term Debt	-0.22	-0.88	-0.82	-0.76	0.44	-0.45	0.45	-0.75	0.43	-0.64	-0.89	-0.44	0.78	-0.89	0.01	0.01	0.05	-0.55	-0.79	0.11	-0.57	0.49	-0.64		-0.82	0.15
Total Current Assets	0.32	0.92	0.35	0.27	0.04	0.0	0.03	0.31	0.05	0.25	0.61	0.02	-0.86	0.75	0.3	0.3	0.48	0.12	0.33	-0.6	0.13	0.0	0.19	-0.82		0.21
Capital Stock	0.1	-0.01	-0.53	-0.62	0.85	-0.82	0.85	-0.64	0.86	-0.72	-0.53	-0.81	-0.47	0.09	0.98	0.98	0.83	-0.74	-0.58	-0.82	-0.74	0.82	-0.7	0.15	0.21

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YXTCOM Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

YXTCOM GROUP fundamental ratios Correlations

YXTCOM GROUP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Other Liab
Retained Earnings	+ 1.0	Net Tangible Assets
Net Invested Capital	+ 1.0	Net Tangible Assets

Other Stockholder Equity	- 0.99	Short Term Investments
Net Invested Capital	- 0.99	Other Liab
Retained Earnings	- 0.99	Other Liab
Net Tangible Assets	- 0.99	Other Liab
Other Liab	- 0.99	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.98	Net Invested Capital