| 300823 Stock | | | 14.78 1.23 7.68% |
Tjk Machinery financial indicator trend analysis is much more than just breaking down Tjk Machinery Tianjin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tjk Machinery Tianjin is a good investment. Please check the relationship between Tjk Machinery Net Income and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tjk Machinery Tianjin. 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.
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
Tjk Machinery Tianjin Net Income account and
Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tjk Machinery's Net Income and Depreciation is 0.3. 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 Tjk Machinery Tianjin, assuming nothing else is changed. The correlation between historical values of Tjk Machinery'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 Tjk Machinery Tianjin 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., Tjk Machinery's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tjk Machinery Tianjin financial statement analysis. It represents the amount of money remaining after all of Tjk Machinery Tianjin operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Tjk Machinery Tianjin value has been used up. For tax purposes Tjk Machinery can deduct the cost of the tangible assets it purchases as business expenses. However, Tjk Machinery Tianjin 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 Tjk Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tjk Machinery Tianjin 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 Tjk Machinery Tianjin. 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 22, 2024,
Tax Provision is expected to decline to about 8.5
M. In addition to that,
Selling General Administrative is expected to decline to about 41.5
MTjk Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Tjk Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tjk Machinery fundamental ratios Accounts
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Other Information on Investing in Tjk Stock
Balance Sheet is a snapshot of the
financial position of Tjk Machinery Tianjin at a specified time, usually calculated after every quarter, six months, or one year. Tjk Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tjk Machinery 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 Tjk currently owns. An asset can also be divided into two categories, current and non-current.