Elementis Depreciation And Amortization vs Selling General Administrative Analysis

ELM Stock   133.40  0.80  0.60%   
Elementis PLC financial indicator trend analysis is much more than just examining Elementis PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elementis PLC is a good investment. Please check the relationship between Elementis PLC Depreciation And Amortization and its Selling General Administrative accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elementis PLC. 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 Selling General Administrative

Depreciation And Amortization vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elementis PLC Depreciation And Amortization account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elementis PLC's Depreciation And Amortization and Selling General Administrative is 0.75. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Elementis PLC, assuming nothing else is changed. The correlation between historical values of Elementis PLC's Depreciation And Amortization and Selling General Administrative 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 Elementis PLC are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Depreciation And Amortization i.e., Elementis PLC's Depreciation And Amortization and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Selling General Administrative

Most indicators from Elementis PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elementis PLC 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 Elementis PLC. 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.
At present, Elementis PLC's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense27.5M21.6M20.2M16.6M
Depreciation And Amortization68.3M56.9M55.7M36.0M

Elementis PLC fundamental ratios Correlations

0.980.330.630.940.89-0.640.970.66-0.080.560.990.220.520.60.380.210.690.30.980.84-0.210.730.980.650.7
0.980.460.670.880.9-0.61.00.60.020.530.970.150.440.570.250.270.70.40.980.81-0.080.760.980.650.73
0.330.460.430.290.43-0.020.490.210.58-0.150.30.130.1-0.16-0.290.10.570.720.320.190.720.350.340.410.48
0.630.670.430.450.56-0.590.670.32-0.020.350.630.530.650.510.230.760.50.340.660.85-0.170.540.70.790.95
0.940.880.290.450.87-0.570.870.81-0.010.560.930.290.550.560.390.040.70.30.870.71-0.210.610.870.590.55
0.890.90.430.560.87-0.680.880.530.30.650.920.320.50.630.10.270.860.630.880.680.020.780.870.730.58
-0.64-0.6-0.02-0.59-0.57-0.68-0.58-0.21-0.02-0.47-0.66-0.41-0.62-0.55-0.04-0.44-0.56-0.28-0.65-0.720.27-0.66-0.65-0.69-0.57
0.971.00.490.670.870.88-0.580.580.020.470.960.140.430.510.230.250.70.40.980.8-0.040.760.980.650.73
0.660.60.210.320.810.53-0.210.58-0.030.50.650.330.520.490.450.090.370.130.540.48-0.310.290.540.360.44
-0.080.020.58-0.02-0.010.3-0.020.02-0.030.09-0.050.14-0.09-0.05-0.530.060.440.84-0.1-0.280.720.15-0.110.16-0.04
0.560.53-0.150.350.560.65-0.470.470.50.090.620.190.350.970.280.440.330.210.570.45-0.450.480.540.350.33
0.990.970.30.630.930.92-0.660.960.65-0.050.620.230.520.650.350.260.70.330.980.84-0.240.750.980.670.68
0.220.150.130.530.290.32-0.410.140.330.140.190.230.870.280.20.550.410.320.150.48-0.180.240.170.770.5
0.520.440.10.650.550.5-0.620.430.52-0.090.350.520.870.470.270.560.440.20.460.75-0.370.470.470.850.65
0.60.57-0.160.510.560.63-0.550.510.49-0.050.970.650.280.470.350.560.320.140.620.6-0.540.510.60.430.49
0.380.25-0.290.230.390.1-0.040.230.45-0.530.280.350.20.270.35-0.02-0.12-0.480.340.45-0.630.020.360.060.3
0.210.270.10.760.040.27-0.440.250.090.060.440.260.550.560.56-0.020.140.250.280.56-0.270.440.280.610.66
0.690.70.570.50.70.86-0.560.70.370.440.330.70.410.440.32-0.120.140.80.640.470.280.480.650.740.47
0.30.40.720.340.30.63-0.280.40.130.840.210.330.320.20.14-0.480.250.80.280.10.620.370.280.550.29
0.980.980.320.660.870.88-0.650.980.54-0.10.570.980.150.460.620.340.280.640.280.86-0.210.781.00.640.71
0.840.810.190.850.710.68-0.720.80.48-0.280.450.840.480.750.60.450.560.470.10.86-0.410.730.870.780.88
-0.21-0.080.72-0.17-0.210.020.27-0.04-0.310.72-0.45-0.24-0.18-0.37-0.54-0.63-0.270.280.62-0.21-0.410.01-0.2-0.07-0.11
0.730.760.350.540.610.78-0.660.760.290.150.480.750.240.470.510.020.440.480.370.780.730.010.760.640.63
0.980.980.340.70.870.87-0.650.980.54-0.110.540.980.170.470.60.360.280.650.281.00.87-0.20.760.660.74
0.650.650.410.790.590.73-0.690.650.360.160.350.670.770.850.430.060.610.740.550.640.78-0.070.640.660.74
0.70.730.480.950.550.58-0.570.730.44-0.040.330.680.50.650.490.30.660.470.290.710.88-0.110.630.740.74
Click cells to compare fundamentals

Elementis PLC Account Relationship Matchups

Elementis PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.8B1.8B1.6B1.5B1.1B
Short Long Term Debt Total599.9M558.7M522.7M453.7M300.9M220.4M
Other Current Liab62.6M85.5M92.4M128.3M78.9M89.9M
Total Current Liabilities175.5M193.6M194.9M231.3M158.9M244.7M
Total Stockholder Equity906.2M860.4M901M783.9M847.3M547.5M
Property Plant And Equipment Net513.6M516M499.7M386.4M423.6M331.4M
Net Debt496M447.7M438.1M398.8M235.1M127.4M
Retained Earnings525.3M462M517.3M450.8M485.5M415.6M
Accounts Payable79.8M71.4M77.8M74M60.5M103.0M
Cash103.9M111M84.6M54.9M65.8M93.0M
Non Current Assets Total1.5B1.4B1.4B1.1B1.2B841.0M
Non Currrent Assets Other12.2M(100K)76.3M54.6M87.7M92.1M
Other Assets40.4M34.8M104.3M70M80.5M84.5M
Cash And Short Term Investments103.9M111M84.6M65.6M65.8M99.3M
Net Receivables96.6M86.4M110.6M77.5M80.1M52.4M
Common Stock Shares Outstanding588.5M593.7M588.8M592.3M596.9M538.3M
Liabilities And Stockholders Equity1.9B1.8B1.8B1.6B1.5B1.1B
Non Current Liabilities Total823.5M781.6M740.7M611.8M505.2M385.6M
Inventory168.7M164.3M186.1M182M163.3M171.9M
Other Current Assets23.9M30.5M35.6M196M40.3M38.3M
Other Stockholder Equity328.8M237.7M331.5M280.8M239.2M327.2M
Total Liab999M975.2M935.6M843.1M664.1M525.2M
Property Plant And Equipment Gross513.6M516M959.2M727.6M798.3M838.2M
Total Current Assets393.1M392.2M416.9M510.4M349.5M468.5M
Short Term Debt9.9M13.5M7.3M8.8M5.9M5.6M
Accumulated Other Comprehensive Income91.1M108.6M90.7M42.1M70.1M73.6M
Intangible Assets232.4M224.7M202.7M179.3M168.3M167.5M
Other Liab232.9M233.8M224.4M166.9M191.9M140.0M
Long Term Debt550.8M510.6M482.5M414.7M264.7M196.3M
Good Will725.7M668M613M480.9M482.3M397.6M
Property Plant Equipment513.6M516M499.7M386.4M444.4M260.5M
Net Tangible Assets(51.9M)(32.2M)85.3M123.7M111.3M83.2M
Non Current Liabilities Other40.2M13M13.4M1.9B2.2B2.3B
Net Invested Capital1.5B1.4B1.4B1.2B1.1B1.0B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Elementis Stock

Balance Sheet is a snapshot of the financial position of Elementis PLC at a specified time, usually calculated after every quarter, six months, or one year. Elementis PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elementis PLC 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 Elementis currently owns. An asset can also be divided into two categories, current and non-current.