Samhi Other Non Cash Items vs Depreciation Analysis
SAMHI Stock | 186.43 1.39 0.75% |
Samhi Hotels financial indicator trend analysis is much more than just breaking down Samhi Hotels Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Samhi Hotels Limited is a good investment. Please check the relationship between Samhi Hotels Other Non Cash Items and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Samhi Hotels 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 gross domestic product.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Samhi Hotels Limited Other Non Cash Items account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Samhi Hotels' Other Non Cash Items and Depreciation is -0.68. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of Samhi Hotels Limited, assuming nothing else is changed. The correlation between historical values of Samhi Hotels' Other Non Cash Items 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 Other Non Cash Items of Samhi Hotels Limited 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 Other Non Cash Items i.e., Samhi Hotels' Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.68 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Non Cash Items
Depreciation
Depreciation indicates how much of Samhi Hotels Limited value has been used up. For tax purposes Samhi Hotels can deduct the cost of the tangible assets it purchases as business expenses. However, Samhi Hotels 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.Most indicators from Samhi Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Samhi Hotels Limited 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Samhi Hotels 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 gross domestic product. As of the 27th of November 2024, Selling General Administrative is likely to drop to about 344.5 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.4B | 5.2B | 3.5B | 3.8B | Depreciation And Amortization | 1.0B | 962.8M | 1.1B | 866.9M |
Samhi Hotels fundamental ratios Correlations
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Samhi Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Samhi Stock
Balance Sheet is a snapshot of the financial position of Samhi Hotels Limited at a specified time, usually calculated after every quarter, six months, or one year. Samhi Hotels Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Samhi Hotels and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Samhi currently owns. An asset can also be divided into two categories, current and non-current.