Union Depreciation vs Change In Cash Analysis
688403 Stock | 9.34 0.16 1.74% |
Union Semiconductor financial indicator trend analysis is much more than just breaking down Union Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Union Semiconductor is a good investment. Please check the relationship between Union Semiconductor Depreciation and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Union Semiconductor Co. 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.
Depreciation vs Change In Cash
Depreciation vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Union Semiconductor Depreciation account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Union Semiconductor's Depreciation and Change In Cash is -0.31. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Union Semiconductor Co, assuming nothing else is changed. The correlation between historical values of Union Semiconductor's Depreciation and Change In Cash 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 Union Semiconductor Co are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., Union Semiconductor's Depreciation and Change In Cash go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Union Semiconductor value has been used up. For tax purposes Union Semiconductor can deduct the cost of the tangible assets it purchases as business expenses. However, Union Semiconductor Co 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.Change In Cash
Most indicators from Union Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Union Semiconductor 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 Union Semiconductor Co. 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 28, 2024, Selling General Administrative is expected to decline to about 30 M. In addition to that, Tax Provision is expected to decline to about (422.2 K)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 271.7K | 8.7M | 4.8K | 4.5K | Interest Income | 839.7K | 2.2M | 2.1M | 1.6M |
Union Semiconductor fundamental ratios Correlations
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Union Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Union Stock
Balance Sheet is a snapshot of the financial position of Union Semiconductor at a specified time, usually calculated after every quarter, six months, or one year. Union Semiconductor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Union Semiconductor 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 Union currently owns. An asset can also be divided into two categories, current and non-current.