NexteGO Change In Working Capital vs Depreciation Analysis
| EGOX Stock | 0.0001 0.00 0.00% |
NexteGO NV financial indicator trend analysis is infinitely more than just investigating NexteGO NV Ordinary recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexteGO NV Ordinary is a good investment. Please check the relationship between NexteGO NV Change In Working Capital and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Change In Working Capital vs Depreciation
Change In Working Capital vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexteGO NV Ordinary Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NexteGO NV's Change In Working Capital and Depreciation is 0.84. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of NexteGO NV Ordinary, assuming nothing else is changed. The correlation between historical values of NexteGO NV's Change In Working Capital 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 Change In Working Capital of NexteGO NV Ordinary 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 Change In Working Capital i.e., NexteGO NV's Change In Working Capital and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Depreciation
Depreciation indicates how much of NexteGO NV Ordinary value has been used up. For tax purposes NexteGO NV can deduct the cost of the tangible assets it purchases as business expenses. However, NexteGO NV Ordinary 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 NexteGO NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexteGO NV Ordinary 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 NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Tax Provision is likely to drop to about (22 M) in 2024. Selling General Administrative is likely to drop to about 11.2 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 11.0M | 12.6M | 6.8M | Depreciation And Amortization | 24.0M | 24.5M | 28.1M | 26.7M |
NexteGO NV fundamental ratios Correlations
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NexteGO NV Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running NexteGO NV's price analysis, check to measure NexteGO NV'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 NexteGO NV is operating at the current time. Most of NexteGO NV's value examination focuses on studying past and present price action to predict the probability of NexteGO NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexteGO NV's price. Additionally, you may evaluate how the addition of NexteGO NV to your portfolios can decrease your overall portfolio volatility.