Vestis Depreciation vs Capital Expenditures Analysis

VSTS Stock

16.18 0.15 0.92%

Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Depreciation and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. 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.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.

The correlation between Vestis' Depreciation and Capital Expenditures is -0.87. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Depreciation and Capital Expenditures 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 Vestis are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Vestis' Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

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Depreciation

Depreciation indicates how much of Vestis value has been used up. For tax purposes Vestis can deduct the cost of the tangible assets it purchases as business expenses. However, Vestis 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.

Capital Expenditures

Capital Expenditures are funds used by Vestis to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Vestis operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 Vestis. 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.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.At this time, Vestis' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.14 in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10K	126.6M	132.9M
Depreciation And Amortization	136.5M	140.8M	150.1M

Interest Expense Depreciation And Amortization

Vestis fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.98	-0.06	0.33	0.66	-0.42	0.47	-0.55	0.96	-0.06	0.5	-0.49	-0.98	0.69	0.44	-0.49	-0.43	-0.99	0.33	0.43	-0.74	0.75	-0.43	0.35	0.54	0.47
Total Assets	-0.98		0.13	-0.46	-0.79	0.5	-0.62	0.61	-0.95	0.12	-0.63	0.58	0.96	-0.78	-0.58	0.58	0.6	0.96	-0.39	-0.58	0.86	-0.87	0.5	-0.41	-0.7	-0.62
Short Long Term Debt Total	-0.06	0.13		-0.58	0.05	-0.63	0.19	-0.58	-0.27	1.0	-0.08	-0.11	-0.03	0.34	0.26	-0.11	0.43	0.04	0.73	0.27	0.09	-0.06	-0.63	0.71	0.02	0.22
Other Current Liab	0.33	-0.46	-0.58		0.48	-0.13	0.55	-0.16	0.52	-0.58	0.18	0.07	-0.2	0.34	0.47	0.07	-0.95	-0.23	0.02	0.48	-0.67	0.63	-0.14	0.04	0.64	0.46
Total Current Liabilities	0.66	-0.79	0.05	0.48		-0.78	0.94	-0.82	0.59	0.06	0.85	-0.77	-0.69	0.94	0.93	-0.77	-0.72	-0.63	0.69	0.92	-0.96	0.97	-0.78	0.72	0.96	0.96
Total Stockholder Equity	-0.42	0.5	-0.63	-0.13	-0.78		-0.87	0.99	-0.27	-0.64	-0.51	0.54	0.48	-0.92	-0.9	0.54	0.38	0.4	-0.99	-0.91	0.7	-0.72	1.0	-0.99	-0.78	-0.88
Other Liab	0.47	-0.62	0.19	0.55	0.94	-0.87		-0.87	0.42	0.19	0.67	-0.57	-0.48	0.92	1.0	-0.57	-0.76	-0.42	0.8	1.0	-0.91	0.92	-0.87	0.82	0.98	0.99
Net Tangible Assets	-0.55	0.61	-0.58	-0.16	-0.82	0.99	-0.87		-0.41	-0.59	-0.55	0.58	0.6	-0.96	-0.9	0.58	0.41	0.53	-0.97	-0.9	0.76	-0.78	0.99	-0.97	-0.8	-0.88
Property Plant And Equipment Net	0.96	-0.95	-0.27	0.52	0.59	-0.27	0.42	-0.41		-0.27	0.39	-0.32	-0.9	0.58	0.37	-0.32	-0.56	-0.93	0.16	0.36	-0.73	0.72	-0.28	0.19	0.52	0.39
Net Debt	-0.06	0.12	1.0	-0.58	0.06	-0.64	0.19	-0.59	-0.27		-0.07	-0.13	-0.04	0.35	0.27	-0.13	0.43	0.04	0.74	0.28	0.08	-0.05	-0.64	0.72	0.02	0.23
Accounts Payable	0.5	-0.63	-0.08	0.18	0.85	-0.51	0.67	-0.55	0.39	-0.07		-0.96	-0.59	0.69	0.67	-0.96	-0.45	-0.53	0.43	0.66	-0.72	0.75	-0.51	0.46	0.72	0.75
Cash	-0.49	0.58	-0.11	0.07	-0.77	0.54	-0.57	0.58	-0.32	-0.13	-0.96		0.62	-0.67	-0.59	1.0	0.22	0.55	-0.49	-0.58	0.6	-0.64	0.53	-0.51	-0.6	-0.67
Non Current Assets Total	-0.98	0.96	-0.03	-0.2	-0.69	0.48	-0.48	0.6	-0.9	-0.04	-0.59	0.62		-0.73	-0.46	0.62	0.35	0.99	-0.4	-0.45	0.72	-0.74	0.48	-0.42	-0.54	-0.5
Non Currrent Assets Other	0.69	-0.78	0.34	0.34	0.94	-0.92	0.92	-0.96	0.58	0.35	0.69	-0.67	-0.73		0.93	-0.67	-0.58	-0.67	0.86	0.93	-0.9	0.91	-0.93	0.88	0.9	0.94
Other Assets	0.44	-0.58	0.26	0.47	0.93	-0.9	1.0	-0.9	0.37	0.27	0.67	-0.59	-0.46	0.93		-0.59	-0.7	-0.39	0.85	1.0	-0.88	0.89	-0.91	0.86	0.96	0.99
Cash And Short Term Investments	-0.49	0.58	-0.11	0.07	-0.77	0.54	-0.57	0.58	-0.32	-0.13	-0.96	1.0	0.62	-0.67	-0.59		0.22	0.55	-0.49	-0.58	0.6	-0.64	0.53	-0.51	-0.6	-0.67
Net Receivables	-0.43	0.6	0.43	-0.95	-0.72	0.38	-0.76	0.41	-0.56	0.43	-0.45	0.22	0.35	-0.58	-0.7	0.22		0.35	-0.26	-0.71	0.85	-0.82	0.38	-0.28	-0.84	-0.7
Good Will	-0.99	0.96	0.04	-0.23	-0.63	0.4	-0.42	0.53	-0.93	0.04	-0.53	0.55	0.99	-0.67	-0.39	0.55	0.35		-0.31	-0.39	0.69	-0.7	0.4	-0.33	-0.49	-0.43
Non Current Liabilities Total	0.33	-0.39	0.73	0.02	0.69	-0.99	0.8	-0.97	0.16	0.74	0.43	-0.49	-0.4	0.86	0.85	-0.49	-0.26	-0.31		0.85	-0.59	0.61	-0.99	1.0	0.69	0.82
Capital Lease Obligations	0.43	-0.58	0.27	0.48	0.92	-0.91	1.0	-0.9	0.36	0.28	0.66	-0.58	-0.45	0.93	1.0	-0.58	-0.71	-0.39	0.85		-0.88	0.88	-0.91	0.86	0.96	0.99
Inventory	-0.74	0.86	0.09	-0.67	-0.96	0.7	-0.91	0.76	-0.73	0.08	-0.72	0.6	0.72	-0.9	-0.88	0.6	0.85	0.69	-0.59	-0.88		-1.0	0.7	-0.62	-0.96	-0.9
Other Current Assets	0.75	-0.87	-0.06	0.63	0.97	-0.72	0.92	-0.78	0.72	-0.05	0.75	-0.64	-0.74	0.91	0.89	-0.64	-0.82	-0.7	0.61	0.88	-1.0		-0.72	0.64	0.96	0.91
Other Stockholder Equity	-0.43	0.5	-0.63	-0.14	-0.78	1.0	-0.87	0.99	-0.28	-0.64	-0.51	0.53	0.48	-0.93	-0.91	0.53	0.38	0.4	-0.99	-0.91	0.7	-0.72		-0.99	-0.78	-0.88
Total Liab	0.35	-0.41	0.71	0.04	0.72	-0.99	0.82	-0.97	0.19	0.72	0.46	-0.51	-0.42	0.88	0.86	-0.51	-0.28	-0.33	1.0	0.86	-0.62	0.64	-0.99		0.71	0.84
Net Invested Capital	0.54	-0.7	0.02	0.64	0.96	-0.78	0.98	-0.8	0.52	0.02	0.72	-0.6	-0.54	0.9	0.96	-0.6	-0.84	-0.49	0.69	0.96	-0.96	0.96	-0.78	0.71		0.97
Property Plant And Equipment Gross	0.47	-0.62	0.22	0.46	0.96	-0.88	0.99	-0.88	0.39	0.23	0.75	-0.67	-0.5	0.94	0.99	-0.67	-0.7	-0.43	0.82	0.99	-0.9	0.91	-0.88	0.84	0.97

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Vestis Depreciation vs Capital Expenditures Analysis

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Depreciation

Capital Expenditures

Vestis fundamental ratios Correlations

Vestis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Vestis Stock Analysis

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Other Liab
Capital Lease Obligations	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Capital Lease Obligations	+ 1.0	Other Assets

Other Current Assets	- 1.0	Inventory
Total Liab	- 0.99	Other Stockholder Equity
Other Stockholder Equity	- 0.99	Non Current Liabilities Total
Total Liab	- 0.99	Total Stockholder Equity
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Good Will	- 0.99	Common Stock Shares Outstanding