Servyou Depreciation vs Other Non Cash Items Analysis

603171 Stock   29.20  2.00  6.41%   
Servyou Software financial indicator trend analysis is much more than just breaking down Servyou Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Servyou Software is a good investment. Please check the relationship between Servyou Software Depreciation and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Servyou Software Group. 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 vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Servyou Software Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between Servyou Software's Depreciation and Other Non Cash Items is 0.76. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Servyou Software Group, assuming nothing else is changed. The correlation between historical values of Servyou Software's Depreciation and Other Non Cash Items 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 of Servyou Software Group are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Servyou Software's Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of Servyou Software value has been used up. For tax purposes Servyou Software can deduct the cost of the tangible assets it purchases as business expenses. However, Servyou Software Group 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.

Other Non Cash Items

Most indicators from Servyou Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Servyou Software 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 Servyou Software Group. 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 Selling General Administrative is expected to grow to about 334.5 M, whereas Tax Provision is projected to grow to (6.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit951.3M994.7M1.0B895.1M
Total Revenue1.6B1.7B1.8B1.5B

Servyou Software fundamental ratios Correlations

0.060.961.00.98-0.930.980.790.940.940.670.960.99-0.230.95-0.660.980.960.990.680.99-0.79-0.810.880.780.88
0.06-0.080.1-0.07-0.140.12-0.070.15-0.110.460.110.040.790.020.130.04-0.070.13-0.530.04-0.34-0.33-0.26-0.16-0.2
0.96-0.080.930.97-0.830.90.790.860.940.50.880.96-0.290.91-0.550.941.00.930.750.94-0.7-0.730.870.70.83
1.00.10.930.97-0.940.990.780.950.930.710.970.98-0.220.94-0.680.980.930.990.650.98-0.8-0.820.870.790.88
0.98-0.070.970.97-0.860.950.840.890.980.60.910.97-0.330.95-0.610.990.970.950.780.97-0.71-0.740.920.780.9
-0.93-0.14-0.83-0.94-0.86-0.96-0.64-0.99-0.79-0.62-0.97-0.930.16-0.830.8-0.86-0.84-0.95-0.49-0.950.840.85-0.73-0.66-0.76
0.980.120.90.990.95-0.960.760.980.90.70.990.96-0.220.93-0.740.950.90.980.630.98-0.8-0.820.850.760.86
0.79-0.070.790.780.84-0.640.760.670.930.550.70.76-0.480.92-0.570.80.780.710.810.75-0.32-0.370.890.580.83
0.940.150.860.950.89-0.990.980.670.830.630.990.94-0.140.86-0.80.890.860.960.530.97-0.83-0.840.760.680.77
0.94-0.110.940.930.98-0.790.90.930.830.580.860.91-0.430.97-0.620.950.940.890.850.92-0.57-0.60.960.740.91
0.670.460.50.710.6-0.620.70.550.630.580.670.6-0.050.74-0.490.690.50.680.280.61-0.47-0.490.610.770.72
0.960.110.880.970.91-0.970.990.70.990.860.670.94-0.190.89-0.790.920.880.970.590.98-0.79-0.810.810.750.82
0.990.040.960.980.97-0.930.960.760.940.910.60.94-0.210.91-0.630.950.960.980.620.98-0.83-0.850.830.710.84
-0.230.79-0.29-0.22-0.330.16-0.22-0.48-0.14-0.43-0.05-0.19-0.21-0.390.48-0.23-0.28-0.15-0.76-0.21-0.28-0.25-0.63-0.46-0.6
0.950.020.910.940.95-0.830.930.920.860.970.740.890.91-0.39-0.670.950.90.910.770.91-0.57-0.610.950.810.94
-0.660.13-0.55-0.68-0.610.8-0.74-0.57-0.8-0.62-0.49-0.79-0.630.48-0.67-0.58-0.55-0.65-0.54-0.710.390.4-0.67-0.59-0.69
0.980.040.940.980.99-0.860.950.80.890.950.690.920.95-0.230.95-0.580.940.960.710.96-0.74-0.770.890.820.88
0.96-0.071.00.930.97-0.840.90.780.860.940.50.880.96-0.280.9-0.550.940.930.730.94-0.71-0.740.860.690.83
0.990.130.930.990.95-0.950.980.710.960.890.680.970.98-0.150.91-0.650.960.930.590.98-0.85-0.870.820.770.84
0.68-0.530.750.650.78-0.490.630.810.530.850.280.590.62-0.760.77-0.540.710.730.590.66-0.16-0.20.910.660.82
0.990.040.940.980.97-0.950.980.750.970.920.610.980.98-0.210.91-0.710.960.940.980.66-0.81-0.830.840.740.83
-0.79-0.34-0.7-0.8-0.710.84-0.8-0.32-0.83-0.57-0.47-0.79-0.83-0.28-0.570.39-0.74-0.71-0.85-0.16-0.811.0-0.42-0.46-0.46
-0.81-0.33-0.73-0.82-0.740.85-0.82-0.37-0.84-0.6-0.49-0.81-0.85-0.25-0.610.4-0.77-0.74-0.87-0.2-0.831.0-0.45-0.48-0.49
0.88-0.260.870.870.92-0.730.850.890.760.960.610.810.83-0.630.95-0.670.890.860.820.910.84-0.42-0.450.840.98
0.78-0.160.70.790.78-0.660.760.580.680.740.770.750.71-0.460.81-0.590.820.690.770.660.74-0.46-0.480.840.91
0.88-0.20.830.880.9-0.760.860.830.770.910.720.820.84-0.60.94-0.690.880.830.840.820.83-0.46-0.490.980.91
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Servyou Software Account Relationship Matchups

Servyou Software fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B2.8B3.5B3.7B3.9B2.9B
Other Current Liab850.3M890.3M930.4M967.5M163.8K155.6K
Total Current Liabilities878.9M919.1M975.7M1.1B1.3B1.0B
Total Stockholder Equity1.5B1.8B2.4B2.5B2.4B1.8B
Property Plant And Equipment Net533.1M552.0M680.3M772.8M885.9M638.8M
Net Debt(1.6B)(1.8B)(1.8B)(1.6B)(1.5B)(1.5B)
Retained Earnings596.1M808.9M957.2M969.1M944.3M644.6M
Accounts Payable28.5M28.8M34.9M132.2M93.8M50.3M
Cash1.6B1.8B1.8B1.7B1.7B1.3B
Non Current Assets Total698.0M777.6M914.2M1.3B1.4B937.9M
Non Currrent Assets Other34.7M81.0M516.3M388.5M54.0M51.3M
Cash And Short Term Investments1.7B1.8B2.3B1.9B2.2B1.3B
Common Stock Shares Outstanding364.1M364.1M384.6M405.9M407.2M390.0M
Liabilities And Stockholders Equity2.5B2.8B3.5B3.7B4.2B2.7B
Non Current Liabilities Total104.2M97.1M95.0M87.6M78.9M75.8M
Inventory77.1M85.3M167.9M245.5M204.3M122.3M
Other Current Assets3.5M17.8M10.3M7.8M7.9M7.5M
Other Stockholder Equity587.2M603.7M1.1B1.1B1.2B685.5M
Total Liab983.1M1.0B1.1B1.2B1.4B1.1B
Total Current Assets1.8B2.0B2.6B2.3B2.4B2.0B
Intangible Assets124.3M144.2M146.7M174.0M212.6M165.6M
Common Stock210M281M365.3M405.9M466.8M348.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Servyou Stock

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