ATG Stock | | | 440.50 4.50 1.01% |
Auction Technology financial indicator trend analysis is way more than just evaluating Auction Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auction Technology is a good investment. Please check the relationship between Auction Technology Depreciation And Amortization and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Auction Technology 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 bureau of economic analysis.
Depreciation And Amortization vs Total Current Assets
Depreciation And Amortization vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Auction Technology Depreciation And Amortization account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Auction Technology's Depreciation And Amortization and Total Current Assets is 0.23. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Auction Technology Group, assuming nothing else is changed. The correlation between historical values of Auction Technology's Depreciation And Amortization and Total Current Assets 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 And Amortization of Auction Technology Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Depreciation And Amortization i.e., Auction Technology's Depreciation And Amortization and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Auction Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auction Technology 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 Auction Technology 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 bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 84.2
M, whereas
Discontinued Operations is forecasted to decline to about 242.9
K.
Auction Technology fundamental ratios Correlations
Click cells to compare fundamentals
Auction Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auction Technology fundamental ratios Accounts
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Other Information on Investing in Auction Stock
Balance Sheet is a snapshot of the
financial position of Auction Technology at a specified time, usually calculated after every quarter, six months, or one year. Auction Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Auction Technology 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 Auction currently owns. An asset can also be divided into two categories, current and non-current.