| TIRX Stock | | | USD 1.74 0.01 0.57% |
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 Net Income and its Depreciation And Amortization 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.
Net Income vs Depreciation And Amortization
Net Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tian Ruixiang Holdings Net Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tian Ruixiang's Net Income and Depreciation And Amortization is -0.67. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation And Amortization 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 Net Income 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 Net Income of Tian Ruixiang Holdings 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 Net Income i.e., Tian Ruixiang's Net Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.67 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tian Ruixiang Holdings financial statement analysis. It represents the amount of money remaining after all of Tian Ruixiang Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 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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