| SPAL Stock | | | 888.50 52.60 6.29% |
S P financial indicator trend analysis is much more than just breaking down S P Apparels prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether S P Apparels is a good investment. Please check the relationship between S P Depreciation And Amortization and its Other Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in S P Apparels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Depreciation And Amortization vs Other Operating Expenses
Depreciation And Amortization vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
S P Apparels Depreciation And Amortization account and
Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between S P's Depreciation And Amortization and Other Operating Expenses is 0.85. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of S P Apparels, assuming nothing else is changed. The correlation between historical values of S P's Depreciation And Amortization and Other Operating Expenses 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 And Amortization of S P Apparels are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Depreciation And Amortization i.e., S P's Depreciation And Amortization and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of S P Apparels. It is also known as S P overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from S P's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into S P Apparels 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 S P Apparels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 2.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 267.4
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 102.8M | 186.2M | 187.0M | 163.9M | Depreciation And Amortization | 345.9M | 361.5M | 377.5M | 286.2M |
S P fundamental ratios Correlations
Click cells to compare fundamentals
S P Account Relationship Matchups
High Positive Relationship
High Negative Relationship
S P fundamental ratios Accounts
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Additional Tools for SPAL Stock Analysis
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measure S P'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 S P is operating at the current time. Most of S P's value examination focuses on studying past and present price action to
predict the probability of S P's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move S P's price. Additionally, you may evaluate how the addition of S P to your portfolios can decrease your overall portfolio volatility.