603019 Stock | | | 76.04 3.03 3.83% |
Dawning Information financial indicator trend analysis is much more than just examining Dawning Information latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dawning Information is a good investment. Please check the relationship between Dawning Information Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dawning Information Industry. 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dawning Information Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Dawning Information's Capital Expenditures and Depreciation is 0.91. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Dawning Information Industry, assuming nothing else is changed. The correlation between historical values of Dawning Information's Capital Expenditures 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 Capital Expenditures of Dawning Information Industry 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 Capital Expenditures i.e., Dawning Information's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Capital Expenditures
Capital Expenditures are funds used by Dawning Information to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Dawning Information operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Dawning Information value has been used up. For tax purposes Dawning Information can deduct the cost of the tangible assets it purchases as business expenses. However, Dawning Information Industry 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 Dawning Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dawning Information 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 Dawning Information Industry. 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.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 521.8
M. In addition to that,
Tax Provision is expected to decline to about 162.7
MDawning Information fundamental ratios Correlations
Click cells to compare fundamentals
Dawning Information Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dawning Information fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Dawning Stock
Balance Sheet is a snapshot of the
financial position of Dawning Information at a specified time, usually calculated after every quarter, six months, or one year. Dawning Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dawning Information 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 Dawning currently owns. An asset can also be divided into two categories, current and non-current.