Raytech Depreciation vs Net Income Analysis
| RAY Stock | 1.41 0.13 10.16% |
Raytech Holding financial indicator trend analysis is much more than just breaking down Raytech Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raytech Holding is a good investment. Please check the relationship between Raytech Holding Depreciation and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytech Holding 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 nation.
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 Raytech Holding Depreciation account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Raytech Holding's Depreciation and Net Income is 0.77. 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 Raytech Holding Limited, assuming nothing else is changed. The correlation between historical values of Raytech Holding'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 Raytech Holding Limited 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., Raytech Holding's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Raytech Holding value has been used up. For tax purposes Raytech Holding can deduct the cost of the tangible assets it purchases as business expenses. However, Raytech Holding Limited 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 Raytech Holding financial statement analysis. It represents the amount of money remaining after all of Raytech Holding Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Raytech Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raytech Holding 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytech Holding 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 nation. At this time, Raytech Holding's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 72.18 in 2024, whereas Tax Provision is likely to drop slightly above 1.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 4.8K | 14.9K | 4.9K | 7.3K | Interest Income | 327.0 | 143.4K | 1.4M | 1.5M |
Raytech Holding fundamental ratios Correlations
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Raytech Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Raytech Holding's price analysis, check to measure Raytech Holding'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 Raytech Holding is operating at the current time. Most of Raytech Holding's value examination focuses on studying past and present price action to predict the probability of Raytech Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raytech Holding's price. Additionally, you may evaluate how the addition of Raytech Holding to your portfolios can decrease your overall portfolio volatility.