Adroit Capital Expenditures vs Depreciation Analysis

ADROITINFO

22.06 0.25 1.12%

Adroit Infotech financial indicator trend analysis is way more than just evaluating Adroit Infotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adroit Infotech is a good investment. Please check the relationship between Adroit Infotech Capital Expenditures and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adroit Infotech Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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 Adroit Infotech Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Adroit Infotech's Capital Expenditures and Depreciation is 0.14. 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 Adroit Infotech Limited, assuming nothing else is changed. The correlation between historical values of Adroit Infotech'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 Adroit Infotech Limited 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., Adroit Infotech's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Adroit Infotech to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Adroit Infotech 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 Adroit Infotech value has been used up. For tax purposes Adroit Infotech can deduct the cost of the tangible assets it purchases as business expenses. However, Adroit Infotech Limited 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 Adroit Infotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adroit Infotech 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 Adroit Infotech Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

The Adroit Infotech's current Issuance Of Capital Stock is estimated to increase to about 100 M, while Selling General Administrative is projected to decrease to under 20.7 M.

Adroit Infotech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Retained Earnings	Accounts Payable	Other Assets	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		-0.47	0.61	0.62	0.95	-0.26	-0.21	0.37	0.33	-0.07	0.4	0.91	0.0	-0.23	-0.5	0.72	0.53	0.43	0.84	0.26	0.73	0.56	-0.18	0.26	0.59	0.43
Short Long Term Debt Total	-0.47		-0.62	-0.17	-0.49	0.26	0.43	-0.15	-0.06	-0.53	-0.17	-0.4	-0.02	0.16	0.09	-0.36	-0.3	-0.06	-0.49	-0.03	-0.45	-0.15	-0.06	-0.09	-0.41	-0.09
Other Current Liab	0.61	-0.62		0.67	0.53	-0.11	-0.07	0.14	0.27	0.34	0.15	0.47	0.23	-0.33	-0.25	0.37	0.54	0.39	0.48	0.19	0.39	0.46	-0.34	0.14	0.19	0.15
Total Current Liabilities	0.62	-0.17	0.67		0.5	-0.25	0.33	0.08	0.3	-0.2	0.09	0.54	0.44	-0.53	-0.66	0.49	0.54	0.54	0.48	-0.02	0.39	0.63	-0.41	-0.02	0.16	0.58
Total Stockholder Equity	0.95	-0.49	0.53	0.5		-0.29	-0.32	0.41	0.21	-0.06	0.42	0.88	0.01	-0.4	-0.4	0.74	0.33	0.12	0.87	0.12	0.86	0.39	-0.07	0.18	0.68	0.43
Property Plant And Equipment Net	-0.26	0.26	-0.11	-0.25	-0.29		-0.1	-0.24	0.03	0.02	-0.22	-0.55	-0.17	0.37	0.51	-0.34	-0.22	0.02	-0.28	0.27	-0.39	-0.04	-0.38	0.19	-0.23	-0.2
Net Debt	-0.21	0.43	-0.07	0.33	-0.32	-0.1		-0.7	0.23	-0.22	-0.7	-0.09	0.46	-0.1	-0.28	-0.18	0.05	0.25	-0.4	-0.06	-0.34	0.28	-0.04	0.04	-0.55	0.08
Cash	0.37	-0.15	0.14	0.08	0.41	-0.24	-0.7		0.09	-0.16	0.98	0.41	-0.14	-0.1	-0.33	0.19	0.23	0.0	0.38	0.1	0.34	-0.03	0.06	0.07	0.36	-0.07
Non Current Assets Total	0.33	-0.06	0.27	0.3	0.21	0.03	0.23	0.09		-0.14	0.05	0.3	0.3	0.12	-0.62	-0.33	0.5	0.44	-0.17	0.64	-0.24	0.48	-0.23	0.88	-0.48	-0.4
Non Currrent Assets Other	-0.07	-0.53	0.34	-0.2	-0.06	0.02	-0.22	-0.16	-0.14		-0.14	-0.1	-0.34	0.11	0.42	-0.1	0.16	-0.05	0.0	0.15	-0.04	-0.26	0.32	-0.01	0.1	-0.18
Cash And Short Term Investments	0.4	-0.17	0.15	0.09	0.42	-0.22	-0.7	0.98	0.05	-0.14		0.43	-0.07	-0.06	-0.32	0.21	0.2	0.05	0.39	0.08	0.34	0.08	0.08	0.06	0.37	-0.06
Net Receivables	0.91	-0.4	0.47	0.54	0.88	-0.55	-0.09	0.41	0.3	-0.1	0.43		0.04	-0.26	-0.62	0.7	0.51	0.35	0.76	0.17	0.71	0.47	0.1	0.21	0.53	0.35
Common Stock Shares Outstanding	0.0	-0.02	0.23	0.44	0.01	-0.17	0.46	-0.14	0.3	-0.34	-0.07	0.04		-0.48	-0.52	-0.17	-0.08	-0.02	-0.24	-0.2	-0.08	0.46	-0.2	0.13	-0.44	-0.03
Non Current Liabilities Total	-0.23	0.16	-0.33	-0.53	-0.4	0.37	-0.1	-0.1	0.12	0.11	-0.06	-0.26	-0.48		0.32	-0.36	-0.03	0.4	-0.34	0.49	-0.57	0.01	0.0	0.31	-0.26	-0.47
Inventory	-0.5	0.09	-0.25	-0.66	-0.4	0.51	-0.28	-0.33	-0.62	0.42	-0.32	-0.62	-0.52	0.32		-0.15	-0.49	-0.42	-0.18	-0.12	-0.18	-0.52	0.0	-0.31	0.08	-0.16
Other Current Assets	0.72	-0.36	0.37	0.49	0.74	-0.34	-0.18	0.19	-0.33	-0.1	0.21	0.7	-0.17	-0.36	-0.15		0.22	0.16	0.94	-0.3	0.88	0.26	-0.05	-0.35	0.86	0.77
Other Stockholder Equity	0.53	-0.3	0.54	0.54	0.33	-0.22	0.05	0.23	0.5	0.16	0.2	0.51	-0.08	-0.03	-0.49	0.22		0.69	0.3	0.5	0.06	0.34	-0.22	0.34	0.03	0.11
Total Liab	0.43	-0.06	0.39	0.54	0.12	0.02	0.25	0.0	0.44	-0.05	0.05	0.35	-0.02	0.4	-0.42	0.16	0.69		0.16	0.47	-0.17	0.65	-0.37	0.28	-0.09	0.13
Total Current Assets	0.84	-0.49	0.48	0.48	0.87	-0.28	-0.4	0.38	-0.17	0.0	0.39	0.76	-0.24	-0.34	-0.18	0.94	0.3	0.16		-0.12	0.92	0.26	-0.09	-0.18	0.9	0.67
Common Stock	0.26	-0.03	0.19	-0.02	0.12	0.27	-0.06	0.1	0.64	0.15	0.08	0.17	-0.2	0.49	-0.12	-0.3	0.5	0.47	-0.12		-0.35	0.09	-0.32	0.68	-0.31	-0.35
Retained Earnings	0.73	-0.45	0.39	0.39	0.86	-0.39	-0.34	0.34	-0.24	-0.04	0.34	0.71	-0.08	-0.57	-0.18	0.88	0.06	-0.17	0.92	-0.35		0.15	0.12	-0.27	0.88	0.61
Accounts Payable	0.56	-0.15	0.46	0.63	0.39	-0.04	0.28	-0.03	0.48	-0.26	0.08	0.47	0.46	0.01	-0.52	0.26	0.34	0.65	0.26	0.09	0.15		-0.34	0.37	-0.03	0.11
Other Assets	-0.18	-0.06	-0.34	-0.41	-0.07	-0.38	-0.04	0.06	-0.23	0.32	0.08	0.1	-0.2	0.0	0.0	-0.05	-0.22	-0.37	-0.09	-0.32	0.12	-0.34		-0.19	0.18	-0.22
Other Liab	0.26	-0.09	0.14	-0.02	0.18	0.19	0.04	0.07	0.88	-0.01	0.06	0.21	0.13	0.31	-0.31	-0.35	0.34	0.28	-0.18	0.68	-0.27	0.37	-0.19		-0.43	-0.53
Net Tangible Assets	0.59	-0.41	0.19	0.16	0.68	-0.23	-0.55	0.36	-0.48	0.1	0.37	0.53	-0.44	-0.26	0.08	0.86	0.03	-0.09	0.9	-0.31	0.88	-0.03	0.18	-0.43		0.64
Current Deferred Revenue	0.43	-0.09	0.15	0.58	0.43	-0.2	0.08	-0.07	-0.4	-0.18	-0.06	0.35	-0.03	-0.47	-0.16	0.77	0.11	0.13	0.67	-0.35	0.61	0.11	-0.22	-0.53	0.64

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Adroit Infotech Account Relationship Matchups

Adroit Infotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	173.3M	145.2M	175.1M	342.1M	479.2M	326.3M
Short Long Term Debt Total	56.7M	49.0M	18.0M	25.1M	34.5M	27.0M
Other Current Liab	26.1M	765K	29.4M	29.8M	32.5M	28.3M
Total Current Liabilities	109.4M	82.3M	46.2M	67.3M	64.1M	71.3M
Total Stockholder Equity	62.4M	62.4M	69.3M	198.5M	353.5M	226.6M
Property Plant And Equipment Net	23.9M	2.8M	12.3M	18.6M	16.0M	14.4M
Net Debt	56.7M	45.0M	17.9M	25.0M	17.9M	13.0M
Cash	34.1K	31.0K	29.2K	40K	16.6M	17.5M
Non Current Assets Total	123.7M	92.7M	108.1M	213.9M	317.0M	332.8M
Non Currrent Assets Other	182.5K	(0.2)	(4.0)	11.6M	3.6M	3.4M
Cash And Short Term Investments	339.0K	285.0K	650.6K	11.7M	16.6M	8.4M
Net Receivables	31.4M	44.6M	30.6M	88.9M	141.1M	82.0M
Liabilities And Stockholders Equity	173.3M	145.2M	175.1M	342.1M	479.2M	326.3M
Non Current Liabilities Total	1.5M	520.0K	59.7M	76.3M	61.7M	32.3M
Inventory	22.8M	13.8M	7.3M	35.8M	24.3M	0.95
Other Current Assets	4.1M	220.5K	1.0	24.3M	4.6M	4.3M
Other Stockholder Equity	24.0M	24M	1.0	30.0M	85.5M	89.8M
Total Liab	110.9M	82.8M	105.9M	143.6M	125.8M	99.7M
Total Current Assets	49.5M	52.4M	67.0M	128.2M	162.3M	162.7M
Accumulated Other Comprehensive Income	5.0M	5M	29.0M	29M	48.4M	50.8M
Retained Earnings	(149.3M)	(149.3M)	(142.4M)	(117.5M)	(78.3M)	(74.4M)
Accounts Payable	5.9M	4.0M	7.8M	17.4M	7.3M	6.8M
Other Assets	3.5M	(4.0)	1.0	3.7M	(1K)	(950.0)
Other Liab	1.5M	520.0K	2.7M	57.9M	66.6M	69.9M
Net Tangible Assets	(33.8M)	(24.2M)	(7.7M)	7.0M	6.3M	6.0M
Current Deferred Revenue	36.5M	20.7M	32.5M	928.0K	1.1M	1.0M
Short Long Term Debt	56.7M	4.0M	9.0M	15.7M	23.4M	17.0M
Short Term Debt	56.7M	45.0M	9.0M	24.7M	23.4M	25.6M
Intangible Assets	96.2M	86.6M	77.0M	77.7M	70.0M	57.6M
Property Plant Equipment	23.9M	2.8M	12.3M	18.6M	21.4M	11.4M
Short Term Investments	304.8K	254K	621.5K	11.6M	16.5M	10.4M
Cash And Equivalents	34.1K	31.0K	29.2K	40K	36K	46.6K
Net Invested Capital	119.1M	66.4M	87.2M	223.6M	383.6M	196.6M
Net Working Capital	(59.8M)	(29.8M)	20.9M	60.9M	102.0M	84.5M

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

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Adroit Capital Expenditures vs Depreciation Analysis

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

Correlation Coefficient

Capital Expenditures

Depreciation

Adroit Infotech fundamental ratios Correlations

Adroit Infotech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adroit Infotech fundamental ratios Accounts

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Other Information on Investing in Adroit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.98	Cash
Total Stockholder Equity	+ 0.95	Total Assets
Total Current Assets	+ 0.94	Other Current Assets
Retained Earnings	+ 0.92	Total Current Assets
Net Receivables	+ 0.91	Total Assets
Net Tangible Assets	+ 0.9	Total Current Assets

Cash And Short Term Investments	- 0.7	Net Debt
Cash	- 0.7	Net Debt
Inventory	- 0.66	Total Current Liabilities
Inventory	- 0.62	Net Receivables
Inventory	- 0.62	Non Current Assets Total
Other Current Liab	- 0.62	Short Long Term Debt Total