Bassett Gross Profit vs Depreciation And Amortization Analysis
BSET Stock | USD 14.09 0.10 0.70% |
Bassett Furniture financial indicator trend analysis is way more than just evaluating Bassett Furniture prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bassett Furniture is a good investment. Please check the relationship between Bassett Furniture Gross Profit and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
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 Bassett Furniture Gross Profit account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bassett Furniture's Gross Profit and Depreciation And Amortization is 0.69. 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 Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture'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 Bassett Furniture Industries 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., Bassett Furniture's Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Bassett Furniture Industries minus its cost of goods sold. It is profit before Bassett Furniture 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 Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Bassett Furniture's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 380.1 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 38K | 22K | 19.8K | 18.8K | Depreciation And Amortization | 11.3M | 10.1M | 11.7M | 10.2M |
Bassett Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Bassett Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bassett Furniture fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 402.5M | 421.7M | 406.3M | 370.4M | 426.0M | 329.9M | |
Other Current Liab | 28.1M | 26.7M | 25.7M | 19.9M | 22.9M | 20.8M | |
Total Current Liabilities | 118.4M | 134.2M | 100.8M | 77.9M | 89.6M | 57.9M | |
Total Stockholder Equity | 158.0M | 162.7M | 195.6M | 183.4M | 165.1M | 171.9M | |
Property Plant And Equipment Net | 207.8M | 208.2M | 176.5M | 184.9M | 212.6M | 223.2M | |
Net Debt | 93.3M | 99.2M | 54.7M | 63.8M | 73.3M | 77.0M | |
Retained Earnings | 109.7M | 115.6M | 150.8M | 139.4M | 125.4M | 130.3M | |
Cash | 45.8M | 34.4M | 61.6M | 52.4M | 47.2M | 26.2M | |
Non Current Assets Total | 241.9M | 241.4M | 209.8M | 212.5M | 244.3M | 161.3M | |
Non Currrent Assets Other | 5.6M | 6.5M | 6.1M | 6.9M | 6.2M | 6.5M | |
Cash And Short Term Investments | 63.5M | 52.1M | 79.3M | 70.2M | 80.7M | 42.7M | |
Net Receivables | 32.0M | 36.5M | 20.2M | 16.3M | 14.7M | 13.9M | |
Common Stock Shares Outstanding | 10.0M | 9.8M | 9.4M | 8.8M | 7.9M | 9.9M | |
Liabilities And Stockholders Equity | 402.5M | 421.7M | 406.3M | 370.4M | 426.0M | 329.9M | |
Non Current Liabilities Total | 126.1M | 124.7M | 109.8M | 109.1M | 125.5M | 131.7M | |
Inventory | 54.9M | 78.0M | 85.5M | 63.0M | 56.7M | 45.0M | |
Other Current Assets | 10.3M | 13.6M | 11.5M | 8.5M | 7.6M | 9.6M | |
Other Stockholder Equity | (1.4M) | 113K | 50K | 93K | 83.7K | 79.5K | |
Total Liab | 244.5M | 258.9M | 210.7M | 187.0M | 215.0M | 225.8M | |
Property Plant And Equipment Gross | 207.8M | 208.2M | 176.5M | 343.7M | 395.2M | 415.0M | |
Total Current Assets | 160.7M | 180.3M | 196.5M | 158.0M | 142.2M | 122.7M | |
Accumulated Other Comprehensive Income | (1.4M) | (1.8M) | 50K | 152K | 174.8K | 183.5K | |
Accounts Payable | 23.4M | 28.3M | 20.4M | 16.3M | 14.7M | 17.3M | |
Common Stock Total Equity | 52.6M | 50.6M | 49.7M | 44.8M | 40.3M | 44.8M | |
Short Term Investments | 22.6M | 17.4M | 17.7M | 17.8M | 16.0M | 26.3M | |
Common Stock | 49.7M | 48.8M | 44.8M | 43.8M | 39.5M | 44.2M | |
Other Liab | 24.8M | 14.2M | 13.0M | 12M | 10.8M | 16.2M | |
Other Assets | 10.2M | 9.7M | 11.6M | (37.9M) | (34.1M) | (32.4M) | |
Property Plant Equipment | 101.7M | 90.9M | 208.2M | 77.0M | 88.6M | 102.5M | |
Current Deferred Revenue | 39.8M | 51.5M | 36.0M | 22.8M | 26.2M | 27.5M | |
Intangible Assets | 11.7M | 11.3M | 9.0M | 8.9M | 10.2M | 6.5M | |
Net Tangible Assets | 178.7M | 158.0M | 139.3M | 195.6M | 225.0M | 179.2M | |
Retained Earnings Total Equity | 140.0M | 129.1M | 109.7M | 150.8M | 173.4M | 133.1M | |
Non Current Liabilities Other | 126.1M | 5.9M | 109.8M | 1.5M | 1.8M | 1.7M |
Pair Trading with Bassett Furniture
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bassett Furniture position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bassett Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Bassett Stock
0.8 | HOFT | Hooker Furniture Financial Report 13th of June 2024 | PairCorr |
Moving against Bassett Stock
0.71 | TH | Target Hospitality Corp | PairCorr |
0.71 | CDROW | Codere Online Luxembourg | PairCorr |
0.65 | BH | Biglari Holdings | PairCorr |
0.62 | FLXS | Flexsteel Industries Fiscal Year End 19th of August 2024 | PairCorr |
0.58 | DOOO | BRP Inc Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Bassett Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bassett Furniture when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bassett Furniture - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bassett Furniture Industries to buy it.
The correlation of Bassett Furniture is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bassett Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bassett Furniture moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bassett Furniture can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Bassett Furniture information on this page should be used as a complementary analysis to other Bassett Furniture's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Bassett Furniture's price analysis, check to measure Bassett Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.
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Is Bassett Furniture's industry 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 Bassett Furniture. If investors know Bassett 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 Bassett Furniture 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 (0.95) | Dividend Share 0.7 | Earnings Share (0.66) | Revenue Per Share 42.156 | Quarterly Revenue Growth (0.20) |
The market value of Bassett Furniture is measured differently than its book value, which is the value of Bassett that is recorded on the company's balance sheet. Investors also form their own opinion of Bassett Furniture's value that differs from its market value or its book value, called intrinsic value, which is Bassett Furniture'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 Bassett Furniture's market value can be influenced by many factors that don't directly affect Bassett Furniture'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 Bassett Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bassett Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bassett Furniture'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.