CX Stock | | | USD 5.50 0.05 0.92% |
Cemex SAB financial indicator trend analysis is way more than just evaluating Cemex SAB de prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cemex SAB de is a good investment. Please check the relationship between Cemex SAB Depreciation And Amortization and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cemex SAB de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Depreciation And Amortization vs Gross Profit
Depreciation And Amortization vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cemex SAB de Depreciation And Amortization account and
Gross Profit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cemex SAB's Depreciation And Amortization and Gross Profit is 0.33. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Cemex SAB de, assuming nothing else is changed. The correlation between historical values of Cemex SAB's Depreciation And Amortization and Gross Profit 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 Cemex SAB de are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Depreciation And Amortization i.e., Cemex SAB's Depreciation And Amortization and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.33 |
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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cemex SAB de minus its cost of goods sold. It is profit before Cemex SAB operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Cemex SAB's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cemex SAB de 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 Cemex SAB de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
At this time, Cemex SAB's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 624.7
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 200.7
M in 2024.
| 2021 | 2023 | 2024 (projected) |
Interest Expense | 693M | 575M | 546.3M | Depreciation And Amortization | 1.1B | 1.2B | 911.7M |
Cemex SAB fundamental ratios Correlations
Click cells to compare fundamentals
Cemex SAB Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cemex SAB fundamental ratios Accounts
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Additional Tools for Cemex Stock Analysis
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measure Cemex SAB'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 Cemex SAB is operating at the current time. Most of Cemex SAB's value examination focuses on studying past and present price action to
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