603109 Stock | | | 16.34 0.08 0.49% |
Senci Electric financial indicator trend analysis is much more than just breaking down Senci Electric Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Senci Electric Machinery is a good investment. Please check the relationship between Senci Electric Tax Provision and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Senci Electric Machinery. 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 vs Ebitda
Tax Provision vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Senci Electric Machinery Tax Provision account and
Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Senci Electric's Tax Provision and Ebitda is 0.97. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Ebitda in the same time period over historical financial statements of Senci Electric Machinery, assuming nothing else is changed. The correlation between historical values of Senci Electric's Tax Provision and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Senci Electric Machinery are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Tax Provision i.e., Senci Electric's Tax Provision and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Ebitda
Most indicators from Senci Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Senci Electric Machinery 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 Senci Electric Machinery. 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 December 11, 2024, Tax Provision is expected to decline to about 25.8
M. In addition to that,
Selling General Administrative is expected to decline to about 177.2
MSenci Electric fundamental ratios Correlations
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Senci Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Senci Electric fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Senci Stock
Balance Sheet is a snapshot of the
financial position of Senci Electric Machinery at a specified time, usually calculated after every quarter, six months, or one year. Senci Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Senci Electric 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 Senci currently owns. An asset can also be divided into two categories, current and non-current.