Optics Current Deferred Revenue vs Intangible Assets Analysis
| 300489 Stock | | | 42.09 0.29 0.69% |
Optics Technology financial indicator trend analysis is much more than just breaking down Optics Technology Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Optics Technology Holding is a good investment. Please check the relationship between Optics Technology Current Deferred Revenue and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Optics Technology Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Current Deferred Revenue vs Intangible Assets
Current Deferred Revenue vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Optics Technology Holding Current Deferred Revenue account and
Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Optics Technology's Current Deferred Revenue and Intangible Assets is 0.84. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Optics Technology Holding, assuming nothing else is changed. The correlation between historical values of Optics Technology's Current Deferred Revenue and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Optics Technology Holding are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Current Deferred Revenue i.e., Optics Technology's Current Deferred Revenue and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Optics Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Optics Technology Holding 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Optics Technology Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 46.1
M. The current year's
Tax Provision is expected to grow to about 11.8
MOptics Technology fundamental ratios Correlations
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Optics Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Optics Technology fundamental ratios Accounts
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Other Information on Investing in Optics Stock
Balance Sheet is a snapshot of the
financial position of Optics Technology Holding at a specified time, usually calculated after every quarter, six months, or one year. Optics Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Optics Technology 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 Optics currently owns. An asset can also be divided into two categories, current and non-current.