002230 Stock | | | 48.79 0.13 0.27% |
Iflytek financial indicator trend analysis is infinitely more than just investigating Iflytek recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iflytek is a good investment. Please check the relationship between Iflytek Investments and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Iflytek Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Investments vs Depreciation
Investments vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Iflytek Investments account and
Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Iflytek's Investments and Depreciation is -0.75. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Iflytek Co, assuming nothing else is changed. The correlation between historical values of Iflytek's Investments 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 Investments of Iflytek Co 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 Investments i.e., Iflytek's Investments and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.75 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Depreciation
Depreciation indicates how much of Iflytek value has been used up. For tax purposes Iflytek can deduct the cost of the tangible assets it purchases as business expenses. However, Iflytek Co 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 Iflytek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iflytek 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Iflytek Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 1.1
B. The current year's
Tax Provision is expected to grow to about (183.7
M)
Iflytek fundamental ratios Correlations
Click cells to compare fundamentals
Iflytek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Iflytek fundamental ratios Accounts
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Other Information on Investing in Iflytek Stock
Balance Sheet is a snapshot of the
financial position of Iflytek at a specified time, usually calculated after every quarter, six months, or one year. Iflytek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Iflytek 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 Iflytek currently owns. An asset can also be divided into two categories, current and non-current.