Suntar Investments vs Depreciation Analysis
| 688101 Stock | | | 16.48 0.13 0.78% |
Suntar Environmental financial indicator trend analysis is much more than just breaking down Suntar Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suntar Environmental is a good investment. Please check the relationship between Suntar Environmental Investments and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Suntar Environmental Technology. 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.
Investments vs Depreciation
Investments vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Suntar Environmental Investments account and
Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Suntar Environmental's Investments and Depreciation is -0.04. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Suntar Environmental Technology, assuming nothing else is changed. The correlation between historical values of Suntar Environmental's Investments and 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 Investments of Suntar Environmental Technology are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Investments i.e., Suntar Environmental's Investments and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Depreciation
Depreciation indicates how much of Suntar Environmental value has been used up. For tax purposes Suntar Environmental can deduct the cost of the tangible assets it purchases as business expenses. However, Suntar Environmental Technology 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.
Most indicators from Suntar Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suntar Environmental 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 Suntar Environmental Technology. 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 current year's
Selling General Administrative is expected to grow to about 23.6
M, whereas
Tax Provision is forecasted to decline to about 35.2
M.
Suntar Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Suntar Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Suntar Environmental fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Suntar Stock
Balance Sheet is a snapshot of the
financial position of Suntar Environmental at a specified time, usually calculated after every quarter, six months, or one year. Suntar Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Suntar Environmental 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 Suntar currently owns. An asset can also be divided into two categories, current and non-current.