300570 Depreciation And Amortization vs Non Current Assets Total Analysis

300570 Stock   66.65  2.83  4.07%   
TS Communications financial indicator trend analysis is much more than just breaking down TS Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TS Communications is a good investment. Please check the relationship between TS Communications Depreciation And Amortization and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TS Communications 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.

Depreciation And Amortization vs Non Current Assets Total

Depreciation And Amortization vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TS Communications Depreciation And Amortization account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TS Communications' Depreciation And Amortization and Non Current Assets Total is 0.92. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of TS Communications Co, assuming nothing else is changed. The correlation between historical values of TS Communications' Depreciation And Amortization and Non Current Assets Total 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 TS Communications Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Depreciation And Amortization i.e., TS Communications' Depreciation And Amortization and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from TS Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TS Communications 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 TS Communications 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.
The current year's Tax Provision is expected to grow to about 14.1 M, whereas Selling General Administrative is forecasted to decline to about 4.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit180.5M306.0M260.1M201.5M
Total Revenue646.3M933.5M884.8M605.8M

TS Communications fundamental ratios Correlations

-0.030.871.00.95-0.80.970.770.80.920.560.180.90.60.890.90.630.90.890.990.970.97-0.060.940.89-0.07
-0.03-0.07-0.02-0.08-0.33-0.13-0.310.32-0.2-0.54-0.330.17-0.490.09-0.280.240.22-0.070.03-0.08-0.130.90.13-0.050.91
0.87-0.070.840.78-0.510.910.870.510.770.480.010.680.760.790.910.520.661.00.880.870.85-0.160.790.83-0.17
1.0-0.020.840.95-0.820.960.730.820.920.550.20.920.560.890.880.630.920.850.990.960.96-0.040.940.88-0.05
0.95-0.080.780.95-0.740.910.710.740.920.550.290.810.510.850.890.710.850.810.930.960.98-0.10.920.93-0.12
-0.8-0.33-0.51-0.82-0.74-0.68-0.41-1.0-0.63-0.19-0.2-0.96-0.21-0.71-0.51-0.47-0.92-0.52-0.82-0.7-0.7-0.29-0.81-0.58-0.28
0.97-0.130.910.960.91-0.680.790.680.930.610.20.820.670.90.950.540.770.920.950.960.94-0.120.850.86-0.13
0.77-0.310.870.730.71-0.410.790.410.710.590.040.570.940.710.820.450.560.870.760.780.75-0.40.680.76-0.4
0.80.320.510.820.74-1.00.680.410.630.20.190.960.210.710.520.470.920.520.820.70.70.290.810.580.28
0.92-0.20.770.920.92-0.630.930.710.630.790.280.740.590.840.90.530.750.790.860.930.92-0.160.80.83-0.17
0.56-0.540.480.550.55-0.190.610.590.20.790.170.330.630.480.660.090.350.480.460.560.57-0.440.350.43-0.44
0.18-0.330.010.20.29-0.20.20.040.190.280.170.140.050.250.21-0.040.080.020.140.240.26-0.220.120.17-0.24
0.90.170.680.920.81-0.960.820.570.960.740.330.140.390.780.680.480.940.690.930.810.810.130.870.680.12
0.6-0.490.760.560.51-0.210.670.940.210.590.630.050.390.540.710.20.360.750.580.60.57-0.560.470.56-0.56
0.890.090.790.890.85-0.710.90.710.710.840.480.250.780.540.790.650.760.80.880.90.840.190.830.820.18
0.9-0.280.910.880.89-0.510.950.820.520.90.660.210.680.710.790.480.640.910.870.90.93-0.30.760.85-0.31
0.630.240.520.630.71-0.470.540.450.470.530.09-0.040.480.20.650.480.650.550.650.710.660.180.80.850.18
0.90.220.660.920.85-0.920.770.560.920.750.350.080.940.360.760.640.650.680.920.820.820.140.940.760.13
0.89-0.071.00.850.81-0.520.920.870.520.790.480.020.690.750.80.910.550.680.890.890.87-0.160.820.86-0.16
0.990.030.880.990.93-0.820.950.760.820.860.460.140.930.580.880.870.650.920.890.950.95-0.030.960.88-0.03
0.97-0.080.870.960.96-0.70.960.780.70.930.560.240.810.60.90.90.710.820.890.950.98-0.090.930.95-0.1
0.97-0.130.850.960.98-0.70.940.750.70.920.570.260.810.570.840.930.660.820.870.950.98-0.160.910.94-0.17
-0.060.9-0.16-0.04-0.1-0.29-0.12-0.40.29-0.16-0.44-0.220.13-0.560.19-0.30.180.14-0.16-0.03-0.09-0.160.03-0.111.0
0.940.130.790.940.92-0.810.850.680.810.80.350.120.870.470.830.760.80.940.820.960.930.910.030.920.03
0.89-0.050.830.880.93-0.580.860.760.580.830.430.170.680.560.820.850.850.760.860.880.950.94-0.110.92-0.12
-0.070.91-0.17-0.05-0.12-0.28-0.13-0.40.28-0.17-0.44-0.240.12-0.560.18-0.310.180.13-0.16-0.03-0.1-0.171.00.03-0.12
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TS Communications Account Relationship Matchups

TS Communications fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.4B1.4B1.6B1.7B1.1B
Other Current Liab54.0M31.0M658.9K1.3M3.1M3.0M
Total Current Liabilities158.5M132.1M139.1M216.7M287.6M145.6M
Total Stockholder Equity1.3B1.3B1.2B1.3B1.4B932.8M
Property Plant And Equipment Net236.3M226.2M227.6M221.3M195.6M159.0M
Net Debt(745.0M)(523.7M)(542.4M)(259.0M)(370.0M)(388.5M)
Retained Earnings471.9M435.5M433.0M535.2M577.6M336.3M
Accounts Payable87.9M89.0M99.0M136.8M197.5M207.4M
Cash760.0M534.8M543.8M259.8M370.3M400.3M
Non Current Assets Total309.1M502.5M346.2M435.6M365.1M263.6M
Non Currrent Assets Other3.3M211.2M54.5M145.3M105.8M111.1M
Cash And Short Term Investments760.0M534.8M543.8M458.4M604.0M436.9M
Net Receivables80.6M163.5M205.5M287.3M428.1M449.5M
Liabilities And Stockholders Equity1.5B1.4B1.4B1.6B1.7B1.1B
Inventory169.9M155.9M163.5M219.4M204.9M130.3M
Other Current Assets166.4M75.1M92.8M153.3M75.3M102.0M
Other Stockholder Equity582.9M512.4M512.4M411.4M441.7M373.8M
Total Liab173.0M144.1M153.5M231.9M304.3M155.7M
Total Current Assets1.2B929.3M1.0B1.1B1.3B831.1M
Property Plant Equipment225.9M236.3M226.2M227.6M261.7M146.3M
Other Liab18.8M14.5M12.0M13.4M15.5M10.6M
Non Current Liabilities Total14.5M12.0M14.3M15.2M16.7M10.9M
Intangible Assets57.3M55.5M53.2M50.7M48.3M52.8M
Net Tangible Assets1.2B1.2B1.1B1.2B1.4B1.1B
Deferred Long Term Liab424.2K307.7K262.3K713.4K642.1K519.4K
Short Term Investments158.6M61.6M88.0M198.6M233.7M150.9M
Net Invested Capital1.3B1.3B1.2B1.3B1.4B1.4B
Net Working Capital1.0B797.1M866.5M901.8M1.0B1.0B

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Other Information on Investing in 300570 Stock

Balance Sheet is a snapshot of the financial position of TS Communications at a specified time, usually calculated after every quarter, six months, or one year. TS Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TS Communications 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 300570 currently owns. An asset can also be divided into two categories, current and non-current.