002531 Stock | | | 9.00 0.04 0.45% |
Titan Wind financial indicator trend analysis is much more than just breaking down Titan Wind Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Titan Wind Energy is a good investment. Please check the relationship between Titan Wind Depreciation And Amortization and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Titan Wind Energy. 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.
Depreciation And Amortization vs Income Before Tax
Depreciation And Amortization vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Titan Wind Energy Depreciation And Amortization account and
Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Titan Wind's Depreciation And Amortization and Income Before Tax is 0.85. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Titan Wind Energy, assuming nothing else is changed. The correlation between historical values of Titan Wind's Depreciation And Amortization and Income Before Tax 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 And Amortization of Titan Wind Energy are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Depreciation And Amortization i.e., Titan Wind's Depreciation And Amortization and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Titan Wind income statement and is an important metric when analyzing Titan Wind Energy 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.
Most indicators from Titan Wind's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Titan Wind Energy 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 Titan Wind Energy. 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.
The current year's
Selling General Administrative is expected to grow to about 85.7
M. The current year's
Tax Provision is expected to grow to about 115.5
M | 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 243.9M | 267.0M | 358.7M | 376.6M | Depreciation And Amortization | 679.9M | 434.3M | 631.7M | 663.3M |
Titan Wind fundamental ratios Correlations
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Titan Wind Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Titan Wind fundamental ratios Accounts
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Other Information on Investing in Titan Stock
Balance Sheet is a snapshot of the
financial position of Titan Wind Energy at a specified time, usually calculated after every quarter, six months, or one year. Titan Wind Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Titan Wind 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 Titan currently owns. An asset can also be divided into two categories, current and non-current.