Venus Depreciation And Amortization vs Property Plant Equipment Analysis

VENUSPIPES   1,590  9.70  0.61%   
Venus Pipes financial indicator trend analysis is much more than just breaking down Venus Pipes Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Venus Pipes Tubes is a good investment. Please check the relationship between Venus Pipes Depreciation And Amortization and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Venus Pipes Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Depreciation And Amortization vs Property Plant Equipment

Depreciation And Amortization vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Venus Pipes Tubes Depreciation And Amortization account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Venus Pipes' Depreciation And Amortization and Property Plant Equipment is 0.56. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Venus Pipes Tubes, assuming nothing else is changed. The correlation between historical values of Venus Pipes' Depreciation And Amortization and Property Plant Equipment 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 Venus Pipes Tubes are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Depreciation And Amortization i.e., Venus Pipes' Depreciation And Amortization and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Property Plant Equipment

Most indicators from Venus Pipes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Venus Pipes Tubes 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 Venus Pipes Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
The Venus Pipes' current Tax Provision is estimated to increase to about 311.5 M, while Selling General Administrative is projected to decrease to under 18.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense70.6M98.4M220.8M231.9M
Depreciation And Amortization14.3M19.7M117.7M123.6M

Venus Pipes fundamental ratios Correlations

0.890.770.990.990.990.080.991.00.960.40.990.950.640.96-0.470.710.871.00.50.990.890.990.910.88-0.47
0.890.810.870.90.870.180.880.890.830.410.870.80.620.84-0.280.70.960.890.520.870.990.890.780.97-0.27
0.770.810.710.80.70.670.720.780.620.530.70.560.720.74-0.520.80.710.780.740.710.870.750.530.86-0.51
0.990.870.710.970.99-0.011.00.990.990.260.990.970.520.98-0.460.610.860.980.451.00.850.990.960.82-0.51
0.990.90.80.970.980.140.970.990.930.490.980.910.70.94-0.470.770.861.00.530.970.910.980.870.91-0.43
0.990.870.70.990.98-0.030.980.980.980.391.00.970.620.95-0.370.690.870.990.390.990.860.980.930.84-0.46
0.080.180.67-0.010.14-0.030.030.1-0.140.4-0.03-0.220.420.05-0.480.440.030.110.73-0.020.30.07-0.220.32-0.22
0.990.880.721.00.970.980.030.990.980.260.980.960.520.98-0.510.610.860.980.511.00.861.00.950.83-0.48
1.00.890.780.990.990.980.10.990.970.340.980.950.590.98-0.50.670.860.990.520.990.890.990.930.86-0.51
0.960.830.620.990.930.98-0.140.980.970.190.980.990.450.97-0.380.550.860.950.330.990.80.970.980.76-0.52
0.40.410.530.260.490.390.40.260.340.190.390.170.950.190.00.880.370.430.270.270.50.320.030.570.07
0.990.870.70.990.981.0-0.030.980.980.980.390.970.620.95-0.380.690.870.990.390.990.860.980.930.84-0.46
0.950.80.560.970.910.97-0.220.960.950.990.170.970.410.95-0.340.50.830.930.260.980.770.950.990.73-0.46
0.640.620.720.520.70.620.420.520.590.450.950.620.410.44-0.130.990.590.660.390.520.690.560.290.73-0.2
0.960.840.740.980.940.950.050.980.980.970.190.950.950.44-0.530.540.810.960.480.980.840.970.960.81-0.54
-0.47-0.28-0.52-0.46-0.47-0.37-0.48-0.51-0.5-0.380.0-0.38-0.34-0.13-0.53-0.17-0.09-0.49-0.84-0.45-0.34-0.53-0.39-0.370.27
0.710.70.80.610.770.690.440.610.670.550.880.690.50.990.54-0.170.690.730.440.620.770.640.390.78-0.32
0.870.960.710.860.860.870.030.860.860.860.370.870.830.590.81-0.090.690.860.330.870.930.850.80.88-0.37
1.00.890.780.981.00.990.110.980.990.950.430.990.930.660.96-0.490.730.860.530.980.90.990.90.89-0.43
0.50.520.740.450.530.390.730.510.520.330.270.390.260.390.48-0.840.440.330.530.440.590.540.290.61-0.14
0.990.870.711.00.970.99-0.021.00.990.990.270.990.980.520.98-0.450.620.870.980.440.850.990.960.82-0.52
0.890.990.870.850.910.860.30.860.890.80.50.860.770.690.84-0.340.770.930.90.590.850.880.730.99-0.28
0.990.890.750.990.980.980.071.00.990.970.320.980.950.560.97-0.530.640.850.990.540.990.880.930.86-0.45
0.910.780.530.960.870.93-0.220.950.930.980.030.930.990.290.96-0.390.390.80.90.290.960.730.930.68-0.5
0.880.970.860.820.910.840.320.830.860.760.570.840.730.730.81-0.370.780.880.890.610.820.990.860.68-0.18
-0.47-0.27-0.51-0.51-0.43-0.46-0.22-0.48-0.51-0.520.07-0.46-0.46-0.2-0.540.27-0.32-0.37-0.43-0.14-0.52-0.28-0.45-0.5-0.18
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Venus Pipes Account Relationship Matchups

Venus Pipes fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.4B2.5B5.1B7.6B8.0B
Short Long Term Debt Total430.7M378.9M639.6M904.6M1.5B759.2M
Other Current Liab380K46.1M55.9M66.6M59.6M42.1M
Total Current Liabilities708.5M781.6M1.0B1.6B3.1B3.2B
Total Stockholder Equity162.8M399.3M1.3B3.2B4.1B4.3B
Property Plant And Equipment Net154.2M195.3M286.1M1.8B3.0B3.1B
Current Deferred Revenue54.6M121.8M157.3M125.6M41.0M39.0M
Net Debt427.2M378.3M639.5M797.0M1.5B1.6B
Retained Earnings75.4M312.0M584.9M1.0B1.9B1.9B
Accounts Payable413M424.2M384.6M741.1M1.7B1.8B
Cash3.5M680K110K107.7M10.5M9.9M
Non Current Assets Total175.3M209.1M304.0M1.8B3.0B3.2B
Cash And Short Term Investments53.6M69.7M39.2M289.5M103.1M107.1M
Net Receivables10K450.7M735.2M704.9M1.8B1.9B
Short Term Investments50.0M69.1M39.1M181.9M92.6M84.1M
Liabilities And Stockholders Equity1.1B1.4B2.5B5.1B7.6B8.0B
Non Current Liabilities Total200.6M194.5M155.6M267.4M424.8M254.7M
Inventory442.8M441.8M934.6M1.7B2.3B2.4B
Other Current Assets400.3M203.6M1.2B575.4M393.0M523.9M
Total Liab909.2M976.1M1.2B1.9B3.5B3.7B
Total Current Assets896.6M1.2B2.2B3.2B4.6B2.3B
Short Term Debt240.9M190.9M494.7M657.7M1.2B1.2B

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Other Information on Investing in Venus Stock

Balance Sheet is a snapshot of the financial position of Venus Pipes Tubes at a specified time, usually calculated after every quarter, six months, or one year. Venus Pipes Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Venus Pipes 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 Venus currently owns. An asset can also be divided into two categories, current and non-current.