MEDPLUS Stock | | | 782.70 20.65 2.71% |
Medplus Health financial indicator trend analysis is infinitely more than just investigating Medplus Health Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medplus Health Services is a good investment. Please check the relationship between Medplus Health Depreciation And Amortization and its Property Plant Equipment accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medplus Health Services. 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 Property Plant Equipment
Depreciation And Amortization vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Medplus Health Services Depreciation And Amortization account and
Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Medplus Health's Depreciation And Amortization and Property Plant Equipment is 0.95. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Medplus Health Services, assuming nothing else is changed. The correlation between historical values of Medplus Health's Depreciation And Amortization and Property Plant Equipment 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 Medplus Health Services are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Depreciation And Amortization i.e., Medplus Health's Depreciation And Amortization and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Property Plant Equipment
Most indicators from Medplus Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medplus Health Services 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medplus Health Services. 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 this time, Medplus Health's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 6.6
B in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 68.7
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Depreciation And Amortization | 1.2B | 1.8B | 2.2B | 1.4B | Interest Income | 137.3M | 277.9M | 319.6M | 335.5M |
Medplus Health fundamental ratios Correlations
Click cells to compare fundamentals
Medplus Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Medplus Health fundamental ratios Accounts
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