MicroCloud Capex To Revenue vs Payables Turnover Analysis

HOLOW Stock  USD 0.04  0.0009  2.44%   
MicroCloud Hologram financial indicator trend analysis is infinitely more than just investigating MicroCloud Hologram recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MicroCloud Hologram is a good investment. Please check the relationship between MicroCloud Hologram Capex To Revenue and its Payables Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MicroCloud Hologram. 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.
For more information on how to buy MicroCloud Stock please use our How to Invest in MicroCloud Hologram guide.

Capex To Revenue vs Payables Turnover

Capex To Revenue vs Payables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MicroCloud Hologram Capex To Revenue account and Payables Turnover. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MicroCloud Hologram's Capex To Revenue and Payables Turnover is 0.8. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of MicroCloud Hologram, assuming nothing else is changed. The correlation between historical values of MicroCloud Hologram's Capex To Revenue and Payables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of MicroCloud Hologram are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Capex To Revenue i.e., MicroCloud Hologram's Capex To Revenue and Payables Turnover go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
Most indicators from MicroCloud Hologram's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MicroCloud Hologram 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, which includes a position in MicroCloud Hologram. 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.
For more information on how to buy MicroCloud Stock please use our How to Invest in MicroCloud Hologram guide.At this time, MicroCloud Hologram's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.34 in 2024, despite the fact that Tax Provision is likely to grow to (3.9 M).
 2021 2022 2023 2024 (projected)
Interest Expense251.1K248.0K285.2K172.8K
Depreciation And Amortization6.7M8.4M7.2M5.5M

MicroCloud Hologram fundamental ratios Correlations

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0.240.780.140.110.09-0.1-0.060.680.130.670.30.130.85-0.110.930.740.340.20.830.450.110.21-0.120.230.81
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0.980.090.590.991.0-0.99-1.0-0.151.00.580.971.0-0.03-0.750.220.650.950.70.560.661.00.99-0.570.910.42
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-0.96-0.06-0.56-0.98-0.99-1.00.990.21-0.99-0.54-0.96-0.990.070.72-0.22-0.64-0.93-0.67-0.53-0.65-0.99-0.970.53-0.89-0.37
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0.320.930.750.230.220.22-0.21-0.220.440.240.590.380.240.73-0.130.80.420.180.810.440.230.29-0.060.250.69
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0.980.340.790.960.960.95-0.96-0.930.140.960.770.970.960.28-0.830.420.830.810.760.750.950.98-0.70.910.64
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0.690.830.990.620.580.56-0.59-0.530.620.60.940.720.60.73-0.580.810.970.760.680.810.580.67-0.510.680.94
0.790.450.850.750.690.66-0.73-0.650.410.720.910.80.720.29-0.580.440.780.750.750.810.70.77-0.430.880.84
0.980.110.610.991.01.0-1.0-0.99-0.121.00.610.981.0-0.02-0.740.230.660.950.710.580.70.99-0.560.930.46
1.00.210.71.00.990.99-0.99-0.970.011.00.710.991.00.09-0.780.290.730.980.770.670.770.99-0.610.960.57
-0.62-0.12-0.57-0.61-0.6-0.570.610.53-0.44-0.6-0.6-0.55-0.6-0.460.96-0.06-0.56-0.7-0.91-0.51-0.43-0.56-0.61-0.54-0.44
0.970.230.720.960.930.91-0.94-0.890.120.950.780.960.950.07-0.70.250.690.910.760.680.880.930.96-0.540.66
0.60.810.950.520.450.42-0.48-0.370.750.490.960.620.490.71-0.480.690.840.640.630.940.840.460.57-0.440.66
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MicroCloud Hologram Account Relationship Matchups

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