| GSMGW Stock | | | USD 0 0.0002 15.38% |
Glory Star financial indicator trend analysis is much more than just examining Glory Star New latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glory Star New is a good investment. Please check the relationship between Glory Star Tax Provision and its Depreciation And Amortization accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Tax Provision vs Depreciation And Amortization
Tax Provision vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glory Star New Tax Provision account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Glory Star's Tax Provision and Depreciation And Amortization is 0.69. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Glory Star New, assuming nothing else is changed. The correlation between historical values of Glory Star's Tax Provision 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 Tax Provision of Glory Star New 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 Tax Provision i.e., Glory Star's Tax Provision and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
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 Glory Star's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glory Star New 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
Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Glory Star's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 84
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(0.71).
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 513K | 93K | 107.0K | 101.6K | Depreciation And Amortization | 2.3M | 3.6M | 4.2M | 4.4M |
Glory Star fundamental ratios Correlations
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Glory Star Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glory Star fundamental ratios Accounts
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