Diligent Media financial indicator trend analysis is much more than just examining Diligent Media latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diligent Media is a good investment. Please check the relationship between Diligent Media Reconciled Depreciation and its Operating Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Reconciled Depreciation vs Operating Income
Reconciled Depreciation vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Diligent Media Reconciled Depreciation account and
Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Diligent Media's Reconciled Depreciation and Operating Income is -0.46. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of Diligent Media, assuming nothing else is changed. The correlation between historical values of Diligent Media's Reconciled Depreciation and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Diligent Media are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Reconciled Depreciation i.e., Diligent Media's Reconciled Depreciation and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Reconciled Depreciation
Operating Income
Operating Income is the amount of profit realized from Diligent Media operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Diligent Media is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Diligent Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diligent Media 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The Diligent Media's current
Selling General Administrative is estimated to increase to about 114.3
M. The Diligent Media's current
Tax Provision is estimated to increase to about 440.5
MDiligent Media fundamental ratios Correlations
Click cells to compare fundamentals
Diligent Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diligent Media fundamental ratios Accounts
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Other Information on Investing in Diligent Stock
Balance Sheet is a snapshot of the
financial position of Diligent Media at a specified time, usually calculated after every quarter, six months, or one year. Diligent Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diligent Media 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 Diligent currently owns. An asset can also be divided into two categories, current and non-current.