| MTEX Stock | | | USD 8.50 0.59 7.46% |
Mannatech Incorporated financial indicator trend analysis is infinitely more than just investigating Mannatech Incorporated recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mannatech Incorporated is a good investment. Please check the relationship between Mannatech Incorporated Change To Inventory and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mannatech Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Mannatech Stock please use our
How to Invest in Mannatech Incorporated guide.
Change To Inventory vs Depreciation
Change To Inventory vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mannatech Incorporated Change To Inventory account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mannatech Incorporated's Change To Inventory and Depreciation is 0.41. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Depreciation in the same time period over historical financial statements of Mannatech Incorporated, assuming nothing else is changed. The correlation between historical values of Mannatech Incorporated's Change To Inventory and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Mannatech Incorporated are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Inventory i.e., Mannatech Incorporated's Change To Inventory and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Depreciation
Depreciation indicates how much of Mannatech Incorporated value has been used up. For tax purposes Mannatech Incorporated can deduct the cost of the tangible assets it purchases as business expenses. However, Mannatech Incorporated 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.
Most indicators from Mannatech Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mannatech Incorporated 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 Mannatech Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Mannatech Stock please use our
How to Invest in Mannatech Incorporated guide.At this time, Mannatech Incorporated's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas
Tax Provision is likely to drop slightly above 2.5
M in 2024.
Mannatech Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Mannatech Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mannatech Incorporated fundamental ratios Accounts
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Additional Tools for Mannatech Stock Analysis
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measure Mannatech Incorporated'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 Mannatech Incorporated is operating at the current time. Most of Mannatech Incorporated's value examination focuses on studying past and present price action to
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