| ENET Stock | | | 0.12 0.01 7.69% |
Ethernity Networks financial indicator trend analysis is much more than just examining Ethernity Networks latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethernity Networks is a good investment. Please check the relationship between Ethernity Networks Gross Profit and its Depreciation And Amortization accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethernity Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Gross Profit vs Depreciation And Amortization
Gross Profit vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ethernity Networks Gross Profit account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ethernity Networks' Gross Profit and Depreciation And Amortization is 0.79. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Ethernity Networks, assuming nothing else is changed. The correlation between historical values of Ethernity Networks' Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Ethernity Networks are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., Ethernity Networks' Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ethernity Networks minus its cost of goods sold. It is profit before Ethernity Networks 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.
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.
Most indicators from Ethernity Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethernity Networks 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 Ethernity Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 463.8
K in 2024.
Tax Provision is expected to grow at the current pace this year
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 62.3K | 262.4K | 282.8K | 297.0K | Depreciation And Amortization | 1.2M | 1.4M | 1.4M | 768.3K |
Ethernity Networks fundamental ratios Correlations
Click cells to compare fundamentals
Ethernity Networks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ethernity Networks fundamental ratios Accounts
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