Ion Inventory vs Retained Earnings Analysis
| 0GZK Stock | 13.43 0.45 3.24% |
Ion Beam financial indicator trend analysis is infinitely more than just investigating Ion Beam Applications recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ion Beam Applications is a good investment. Please check the relationship between Ion Beam Inventory and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ion Beam Applications. 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.
Inventory vs Retained Earnings
Inventory vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ion Beam Applications Inventory account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ion Beam's Inventory and Retained Earnings is 0.31. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ion Beam Applications, assuming nothing else is changed. The correlation between historical values of Ion Beam's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Ion Beam Applications are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Ion Beam's Inventory and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Inventory
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Ion Beam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ion Beam Applications 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 Ion Beam Applications. 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. Tax Provision is likely to drop to about 3.8 M in 2024. Selling General Administrative is likely to drop to about 51.2 M in 2024
| 2017 | 2018 | 2023 | 2024 (projected) | Interest Income | 2.6M | 1.6M | 1.9M | 2.0M | Tax Provision | 18.2M | 3.5M | 4.0M | 3.8M |
Ion Beam fundamental ratios Correlations
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Ion Beam Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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