NewAmsterdam Depreciation vs Net Income Analysis
NAMS Stock | 20.20 0.08 0.40% |
NewAmsterdam Pharma financial indicator trend analysis is infinitely more than just investigating NewAmsterdam Pharma recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NewAmsterdam Pharma is a good investment. Please check the relationship between NewAmsterdam Pharma Depreciation and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewAmsterdam Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more information on how to buy NewAmsterdam Stock please use our How to Invest in NewAmsterdam Pharma guide.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewAmsterdam Pharma Depreciation account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NewAmsterdam Pharma's Depreciation and Net Income is -0.63. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of NewAmsterdam Pharma, assuming nothing else is changed. The correlation between historical values of NewAmsterdam Pharma's Depreciation and Net 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 Depreciation of NewAmsterdam Pharma are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., NewAmsterdam Pharma's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of NewAmsterdam Pharma value has been used up. For tax purposes NewAmsterdam Pharma can deduct the cost of the tangible assets it purchases as business expenses. However, NewAmsterdam Pharma 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NewAmsterdam Pharma financial statement analysis. It represents the amount of money remaining after all of NewAmsterdam Pharma operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from NewAmsterdam Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NewAmsterdam Pharma 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 NewAmsterdam Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more information on how to buy NewAmsterdam Stock please use our How to Invest in NewAmsterdam Pharma guide.At this time, NewAmsterdam Pharma's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 31.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 1.90 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 216K | 271K | 6.8M | 7.1M | Depreciation And Amortization | 4.4K | 8.4K | 49K | 51.5K |
NewAmsterdam Pharma fundamental ratios Correlations
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NewAmsterdam Pharma Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running NewAmsterdam Pharma's price analysis, check to measure NewAmsterdam Pharma'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 NewAmsterdam Pharma is operating at the current time. Most of NewAmsterdam Pharma's value examination focuses on studying past and present price action to predict the probability of NewAmsterdam Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewAmsterdam Pharma's price. Additionally, you may evaluate how the addition of NewAmsterdam Pharma to your portfolios can decrease your overall portfolio volatility.