| UCTT Stock | | | USD 37.41 0.08 0.21% |
Ultra Clean financial indicator trend analysis is much more than just breaking down Ultra Clean Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ultra Clean Holdings is a good investment. Please check the relationship between Ultra Clean Other Operating Expenses and its Reconciled Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Other Operating Expenses vs Reconciled Depreciation
Other Operating Expenses vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ultra Clean Holdings Other Operating Expenses account and
Reconciled Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ultra Clean's Other Operating Expenses and Reconciled Depreciation is 0.95. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Ultra Clean Holdings, assuming nothing else is changed. The correlation between historical values of Ultra Clean's Other Operating Expenses and Reconciled 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 Operating Expenses of Ultra Clean Holdings are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Other Operating Expenses i.e., Ultra Clean's Other Operating Expenses and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ultra Clean Holdings. It is also known as Ultra Clean 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.
Reconciled Depreciation
Most indicators from Ultra Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ultra Clean Holdings 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 Ultra Clean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Ultra Clean's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 11.05 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 185.7M | 199.6M | 35.2M | 38.6M | Other Operating Expenses | 1.9B | 2.2B | 1.7B | 1.8B |
Ultra Clean fundamental ratios Correlations
Click cells to compare fundamentals
Ultra Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ultra Clean fundamental ratios Accounts
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Additional Tools for Ultra Stock Analysis
When running Ultra Clean's price analysis, check to
measure Ultra Clean'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 Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to
predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.