| TIRX Stock | | | USD 1.78 0.04 2.30% |
Tian Ruixiang financial indicator trend analysis is much more than just breaking down Tian Ruixiang Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tian Ruixiang Holdings is a good investment. Please check the relationship between Tian Ruixiang Depreciation And Amortization and its Research Development accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Depreciation And Amortization vs Research Development
Depreciation And Amortization vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tian Ruixiang Holdings Depreciation And Amortization account and
Research Development. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tian Ruixiang's Depreciation And Amortization and Research Development is 0.51. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Research Development in the same time period over historical financial statements of Tian Ruixiang Holdings, assuming nothing else is changed. The correlation between historical values of Tian Ruixiang's Depreciation And Amortization and Research Development 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 Tian Ruixiang Holdings are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Depreciation And Amortization i.e., Tian Ruixiang's Depreciation And Amortization and Research Development go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.
Research Development
Most indicators from Tian Ruixiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tian Ruixiang Holdings 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 Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Tian Ruixiang's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 2
M in 2024, whereas
Tax Provision is likely to drop slightly above 126.5
K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Depreciation And Amortization | 208.3K | 79.8K | 91.7K | 133.0K | Interest Income | 434.4K | 732.0K | 841.8K | 883.8K |
Tian Ruixiang fundamental ratios Correlations
Click cells to compare fundamentals
Tian Ruixiang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tian Ruixiang fundamental ratios Accounts
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