MOLDTKPAC | | | 721.70 39.15 5.15% |
Mold Tek financial indicator trend analysis is infinitely more than just investigating Mold Tek Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mold Tek Packaging is a good investment. Please check the relationship between Mold Tek Reconciled Depreciation and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mold Tek Packaging Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Reconciled Depreciation vs Operating Income
Reconciled Depreciation vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mold Tek Packaging Reconciled Depreciation account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mold Tek's Reconciled Depreciation and Operating Income is 0.86. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of Mold Tek Packaging Limited, assuming nothing else is changed. The correlation between historical values of Mold Tek's Reconciled Depreciation and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Mold Tek Packaging Limited are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Reconciled Depreciation i.e., Mold Tek's Reconciled Depreciation and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Reconciled Depreciation
Operating Income
Operating Income is the amount of profit realized from Mold Tek Packaging operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Mold Tek Packaging Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Mold Tek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mold Tek Packaging 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 Mold Tek Packaging Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
As of 12/11/2024,
Selling General Administrative is likely to grow to about 548.3
M, while
Tax Provision is likely to drop slightly above 188
M.
Mold Tek fundamental ratios Correlations
Click cells to compare fundamentals
Mold Tek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mold Tek fundamental ratios Accounts
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Additional Tools for Mold Stock Analysis
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measure Mold Tek'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 Mold Tek is operating at the current time. Most of Mold Tek's value examination focuses on studying past and present price action to
predict the probability of Mold Tek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mold Tek's price. Additionally, you may evaluate how the addition of Mold Tek to your portfolios can decrease your overall portfolio volatility.