CICT Dividends Paid vs Depreciation Analysis
688387 Stock | 6.41 0.11 1.69% |
CICT Mobile financial indicator trend analysis is way more than just evaluating CICT Mobile Communication prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CICT Mobile Communication is a good investment. Please check the relationship between CICT Mobile Dividends Paid and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CICT Mobile Communication. 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.
Dividends Paid vs Depreciation
Dividends Paid vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CICT Mobile Communication Dividends Paid account and Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between CICT Mobile's Dividends Paid and Depreciation is -0.77. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Depreciation in the same time period over historical financial statements of CICT Mobile Communication, assuming nothing else is changed. The correlation between historical values of CICT Mobile's Dividends Paid 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 Dividends Paid of CICT Mobile Communication 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 Dividends Paid i.e., CICT Mobile's Dividends Paid and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Depreciation
Depreciation indicates how much of CICT Mobile Communication value has been used up. For tax purposes CICT Mobile can deduct the cost of the tangible assets it purchases as business expenses. However, CICT Mobile Communication 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 CICT Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CICT Mobile Communication 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 CICT Mobile Communication. 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 438.6 M, whereas Tax Provision is forecasted to decline to about 7.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 122.4M | 61.6M | 56.9M | 81.7M | Interest Income | 22.2M | 27.2M | 49.2M | 32.4M |
CICT Mobile fundamental ratios Correlations
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CICT Mobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in CICT Stock
Balance Sheet is a snapshot of the financial position of CICT Mobile Communication at a specified time, usually calculated after every quarter, six months, or one year. CICT Mobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CICT Mobile 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 CICT currently owns. An asset can also be divided into two categories, current and non-current.