ENGlobal Gross Profit vs Depreciation And Amortization Analysis

ENG Stock  USD 1.33  0.05  3.62%   
ENGlobal financial indicator trend analysis is much more than just examining ENGlobal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ENGlobal is a good investment. Please check the relationship between ENGlobal Gross Profit and its Depreciation And Amortization accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.

Gross Profit vs Depreciation And Amortization

Gross Profit vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ENGlobal Gross Profit account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between ENGlobal's Gross Profit and Depreciation And Amortization is 0.73. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of ENGlobal, assuming nothing else is changed. The correlation between historical values of ENGlobal's Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of ENGlobal are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., ENGlobal's Gross Profit and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ENGlobal minus its cost of goods sold. It is profit before ENGlobal operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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.
Most indicators from ENGlobal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ENGlobal 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.At this time, ENGlobal's Enterprise Value is most likely to increase significantly in the upcoming years.
 2021 2022 2023 2024 (projected)
Total Operating Expenses12.8M14.1M11.8M17.9M
Cost Of Revenue37.1M44.4M40.3M38.3M

ENGlobal fundamental ratios Correlations

0.560.940.820.86-0.050.440.60.62-0.090.810.54-0.090.950.520.260.370.510.10.79-0.180.980.7-0.10.25-0.45
0.560.710.810.120.410.88-0.060.65-0.380.450.36-0.380.62-0.110.840.640.350.220.880.330.570.940.35-0.2-0.15
0.940.710.910.69-0.030.660.520.7-0.320.760.51-0.320.950.430.380.420.550.00.89-0.130.930.840.070.01-0.35
0.820.810.910.420.060.790.250.87-0.470.650.68-0.470.910.310.60.570.340.030.980.040.830.910.15-0.11-0.37
0.860.120.690.42-0.27-0.030.790.210.240.710.280.240.710.64-0.160.110.450.010.37-0.410.820.3-0.320.52-0.42
-0.050.41-0.030.06-0.270.33-0.640.15-0.110.15-0.16-0.11-0.08-0.650.29-0.140.430.720.230.93-0.110.10.44-0.290.07
0.440.880.660.79-0.030.33-0.060.74-0.780.430.38-0.780.60.00.710.520.40.020.830.360.420.850.26-0.33-0.23
0.6-0.060.520.250.79-0.64-0.060.010.090.390.270.090.540.7-0.250.180.22-0.540.15-0.760.60.21-0.590.43-0.36
0.620.650.70.870.210.150.740.01-0.570.50.71-0.570.770.340.540.470.220.20.870.180.620.70.1-0.19-0.45
-0.09-0.38-0.32-0.470.24-0.11-0.780.09-0.57-0.25-0.231.0-0.32-0.1-0.28-0.15-0.290.26-0.45-0.29-0.04-0.4-0.10.370.25
0.810.450.760.650.710.150.430.390.5-0.250.15-0.250.70.310.030.090.710.120.630.160.680.50.030.37-0.5
0.540.360.510.680.28-0.160.380.270.71-0.230.15-0.230.710.510.460.55-0.14-0.040.63-0.210.640.51-0.33-0.1-0.42
-0.09-0.38-0.32-0.470.24-0.11-0.780.09-0.571.0-0.25-0.23-0.32-0.1-0.28-0.15-0.290.26-0.45-0.29-0.04-0.4-0.10.370.25
0.950.620.950.910.71-0.080.60.540.77-0.320.70.71-0.320.560.390.460.410.010.88-0.180.960.77-0.10.06-0.45
0.52-0.110.430.310.64-0.650.00.70.34-0.10.310.51-0.10.56-0.080.310.02-0.310.18-0.620.540.17-0.520.4-0.55
0.260.840.380.6-0.160.290.71-0.250.54-0.280.030.46-0.280.39-0.080.82-0.110.20.650.260.340.790.23-0.21-0.05
0.370.640.420.570.11-0.140.520.180.47-0.150.090.55-0.150.460.310.82-0.22-0.140.54-0.160.450.74-0.170.12-0.33
0.510.350.550.340.450.430.40.220.22-0.290.71-0.14-0.290.410.02-0.11-0.220.20.390.350.380.30.23-0.03-0.16
0.10.220.00.030.010.720.02-0.540.20.260.12-0.040.260.01-0.310.2-0.140.20.170.60.080.00.4-0.050.12
0.790.880.890.980.370.230.830.150.87-0.450.630.63-0.450.880.180.650.540.390.170.170.80.910.2-0.16-0.32
-0.180.33-0.130.04-0.410.930.36-0.760.18-0.290.16-0.21-0.29-0.18-0.620.26-0.160.350.60.17-0.270.040.5-0.290.01
0.980.570.930.830.82-0.110.420.60.62-0.040.680.64-0.040.960.540.340.450.380.080.8-0.270.72-0.110.17-0.4
0.70.940.840.910.30.10.850.210.7-0.40.50.51-0.40.770.170.790.740.30.00.910.040.720.19-0.1-0.25
-0.10.350.070.15-0.320.440.26-0.590.1-0.10.03-0.33-0.1-0.1-0.520.23-0.170.230.40.20.5-0.110.19-0.540.44
0.25-0.20.01-0.110.52-0.29-0.330.43-0.190.370.37-0.10.370.060.4-0.210.12-0.03-0.05-0.16-0.290.17-0.1-0.54-0.27
-0.45-0.15-0.35-0.37-0.420.07-0.23-0.36-0.450.25-0.5-0.420.25-0.45-0.55-0.05-0.33-0.160.12-0.320.01-0.4-0.250.44-0.27
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ENGlobal Account Relationship Matchups

ENGlobal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.7M30.4M42.1M30.0M18.8M17.8M
Short Long Term Debt Total2.5M8.6M6.4M10.7M9.3M7.8M
Other Current Liab3.5M3.8M3.4M3.1M2.2M2.1M
Total Current Liabilities13.2M12.4M8.8M12.1M13.7M21.8M
Total Stockholder Equity14.0M13.6M28.2M10.3M(1.6M)(1.5M)
Property Plant And Equipment Net3.2M2.9M5.9M9.8M6.4M4.4M
Net Debt(5.8M)(5.1M)(12.8M)7.3M8.7M4.8M
Retained Earnings(22.9M)(23.6M)(29.2M)(47.8M)(62.9M)(59.8M)
Accounts Payable3.3M2.1M2.0M4.5M7.0M5.5M
Cash8.3M13.7M19.2M3.5M615K584.3K
Non Current Assets Total4.2M4.0M7.0M10.9M7.4M13.1M
Non Currrent Assets Other307K351K306K305K191K181.5K
Cash And Short Term Investments8.3M13.7M19.2M3.5M615K584.3K
Net Receivables15.3M11.9M14.9M14.2M9.9M9.4M
Common Stock Shares Outstanding3.4M3.4M4.0M4.4M5.0M4.7M
Liabilities And Stockholders Equity28.7M30.4M42.1M30.0M18.8M17.8M
Non Current Liabilities Total1.5M4.4M5.0M7.6M6.7M6.0M
Other Current Assets889K891K958K8.1M793K753.4K
Other Stockholder Equity36.9M37.2M57.4M58.1M61.4M32.5M
Total Liab14.7M16.8M13.9M19.7M20.3M20.9M
Property Plant And Equipment Gross3.2M1.3M5.9M13.3M9.4M9.8M
Total Current Assets24.5M26.5M35.1M19.2M11.4M10.9M
Short Term Debt1.0M5.2M1.4M3.5M3.0M4.0M
Other Assets367K307K2.0M306K351.9K334.3K
Property Plant Equipment677K1.0M1.3M5.9M5.4M3.1M
Current Deferred Revenue5.4M1.3M2.1M1.0M1.4M1.4M
Net Tangible Assets14.8M13.3M12.9M27.5M24.7M19.0M
Retained Earnings Total Equity(15.8M)(21.5M)(22.9M)(23.6M)(21.2M)(20.1M)

Currently Active Assets on Macroaxis

When determining whether ENGlobal is a strong investment it is important to analyze ENGlobal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENGlobal's future performance. For an informed investment choice regarding ENGlobal Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ENGlobal. If investors know ENGlobal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ENGlobal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.96)
Earnings Share
(1.34)
Revenue Per Share
5.599
Quarterly Revenue Growth
(0.37)
Return On Assets
(0.17)
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.