BingEx Depreciation vs Change In Working Capital Analysis
| FLX Stock | 8.11 0.15 1.88% |
BingEx financial indicator trend analysis is way more than just evaluating BingEx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BingEx is a good investment. Please check the relationship between BingEx Depreciation and its Change In Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BingEx. 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. For more information on how to buy BingEx Stock please use our How to Invest in BingEx guide.
Depreciation vs Change In Working Capital
Depreciation vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BingEx Depreciation account and Change In Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between BingEx's Depreciation and Change In Working Capital is -0.51. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of BingEx, assuming nothing else is changed. The correlation between historical values of BingEx's Depreciation and Change In Working Capital 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 of BingEx are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Depreciation i.e., BingEx's Depreciation and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of BingEx value has been used up. For tax purposes BingEx can deduct the cost of the tangible assets it purchases as business expenses. However, BingEx 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.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.Most indicators from BingEx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BingEx 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 BingEx. 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. For more information on how to buy BingEx Stock please use our How to Invest in BingEx guide.Selling General Administrative is likely to rise to about 265.1 M in 2025
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Income | 9.6M | 20.9M | 24.0M | 25.2M | Net Interest Income | 9.6M | 20.9M | 24.0M | 25.2M |
BingEx fundamental ratios Correlations
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BingEx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running BingEx's price analysis, check to measure BingEx'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 BingEx is operating at the current time. Most of BingEx's value examination focuses on studying past and present price action to predict the probability of BingEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BingEx's price. Additionally, you may evaluate how the addition of BingEx to your portfolios can decrease your overall portfolio volatility.