Brilliant Free Cash Flow vs Depreciation Analysis
BRLT Stock | USD 2.00 0.01 0.50% |
Brilliant Earth financial indicator trend analysis is way more than just evaluating Brilliant Earth Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brilliant Earth Group is a good investment. Please check the relationship between Brilliant Earth Free Cash Flow and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brilliant Earth 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.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brilliant Earth Group Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between Brilliant Earth's Free Cash Flow and Depreciation is 0.33. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Brilliant Earth Group, assuming nothing else is changed. The correlation between historical values of Brilliant Earth's Free Cash Flow 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 Free Cash Flow of Brilliant Earth Group 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 Free Cash Flow i.e., Brilliant Earth's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Depreciation
Depreciation indicates how much of Brilliant Earth Group value has been used up. For tax purposes Brilliant Earth can deduct the cost of the tangible assets it purchases as business expenses. However, Brilliant Earth 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.Most indicators from Brilliant Earth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brilliant Earth Group 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 Brilliant Earth 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. Tax Provision is likely to gain to about (416.1 K) in 2024. Selling General Administrative is likely to drop to about 86.2 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 860K | 5.2M | 4.2M | 2.5M | Interest Income | 7.6M | 4.7M | 5.4M | 5.3M |
Brilliant Earth fundamental ratios Correlations
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Brilliant Earth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Brilliant Stock Analysis
When running Brilliant Earth's price analysis, check to measure Brilliant Earth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brilliant Earth is operating at the current time. Most of Brilliant Earth's value examination focuses on studying past and present price action to predict the probability of Brilliant Earth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brilliant Earth's price. Additionally, you may evaluate how the addition of Brilliant Earth to your portfolios can decrease your overall portfolio volatility.