EPlus Capital Expenditures vs Depreciation Analysis
PLUS Stock | USD 79.26 0.29 0.36% |
EPlus financial indicator trend analysis is much more than just examining ePlus inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ePlus inc is a good investment. Please check the relationship between EPlus Capital Expenditures and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ePlus inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ePlus inc Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between EPlus' Capital Expenditures and Depreciation is 0.15. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of ePlus inc, assuming nothing else is changed. The correlation between historical values of EPlus' Capital Expenditures 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 Capital Expenditures of ePlus inc 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 Capital Expenditures i.e., EPlus' Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by ePlus inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of EPlus operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Depreciation
Depreciation indicates how much of ePlus inc value has been used up. For tax purposes EPlus can deduct the cost of the tangible assets it purchases as business expenses. However, ePlus inc 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 EPlus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ePlus inc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in ePlus inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, EPlus' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 388.5 M in 2024, whereas Tax Provision is likely to drop slightly above 36.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 461.0M | 517.5M | 595.2M | 624.9M | Total Revenue | 1.8B | 2.1B | 2.4B | 2.5B |
EPlus fundamental ratios Correlations
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EPlus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EPlus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 909.1M | 1.1B | 1.2B | 1.4B | 1.6B | 1.7B | |
Short Long Term Debt Total | 200.2M | 172.8M | 175.5M | 175.0M | 201.2M | 135.7M | |
Other Current Liab | 53.9M | 66.9M | 67.7M | 61.7M | 71.0M | 74.5M | |
Total Current Liabilities | 386.6M | 459.4M | 460.0M | 561.3M | 645.5M | 677.8M | |
Total Stockholder Equity | 486.1M | 562.4M | 660.7M | 782.3M | 899.6M | 944.6M | |
Property Plant And Equipment Net | 32.6M | 42.3M | 45.6M | 16.6M | 19.1M | 15.0M | |
Net Debt | 113.9M | 43.3M | 20.1M | 71.9M | 64.7M | 51.0M | |
Retained Earnings | 410.2M | 484.6M | 507.8M | 627.2M | 721.3M | 757.3M | |
Accounts Payable | 82.9M | 165.2M | 136.2M | 220.2M | 253.2M | 265.8M | |
Cash | 86.2M | 129.6M | 155.4M | 103.1M | 118.6M | 65.6M | |
Non Current Assets Total | 259.3M | 299.2M | 268.7M | 261.2M | 300.4M | 204.3M | |
Non Currrent Assets Other | (13.1M) | 7.1M | 64.3M | (4.7M) | (4.2M) | (4.0M) | |
Cash And Short Term Investments | 86.2M | 129.6M | 155.4M | 103.1M | 118.6M | 66.0M | |
Net Receivables | 481.7M | 538.9M | 540.5M | 649.5M | 746.9M | 784.2M | |
Common Stock Shares Outstanding | 26.8M | 26.8M | 26.9M | 26.7M | 24.0M | 24.8M | |
Liabilities And Stockholders Equity | 909.1M | 1.1B | 1.2B | 1.4B | 1.6B | 1.7B | |
Non Current Liabilities Total | 36.3M | 55.0M | 45.4M | 71.2M | 64.1M | 60.8M | |
Inventory | 50.3M | 70.0M | 155.1M | 243.3M | 279.8M | 293.8M | |
Other Current Assets | 9.3M | 11.0M | 13.9M | 55.1M | 63.4M | 66.5M | |
Other Stockholder Equity | 76.8M | 77.0M | 152.7M | 153.2M | 176.2M | 185.0M | |
Total Liab | 423.0M | 514.4M | 505.5M | 632.6M | 727.4M | 763.8M | |
Property Plant And Equipment Gross | 30.3M | 27.0M | 60.5M | 59.2M | 68.1M | 71.5M | |
Total Current Assets | 649.8M | 777.6M | 897.5M | 1.1B | 1.3B | 1.3B | |
Accumulated Other Comprehensive Income | (991K) | 655K | (124K) | 1.6M | 1.8M | 1.9M | |
Other Liab | 22.1M | 31.6M | 32.2M | 49.7M | 57.2M | 60.0M | |
Other Assets | 12.4M | 27.6M | 30.8M | 58.5M | 67.3M | 70.7M | |
Long Term Debt | 5.9M | 18.3M | 9.9M | 9.5M | 8.6M | 8.1M | |
Good Will | 118.1M | 126.6M | 126.5M | 136.1M | 156.5M | 164.3M | |
Common Stock Total Equity | 144K | 145K | 270K | 272K | 312.8K | 328.4K | |
Intangible Assets | 34.5M | 38.6M | 27.3M | 25.0M | 28.8M | 23.5M | |
Common Stock | 144K | 145K | 270K | 272K | 312.8K | 328.4K | |
Property Plant Equipment | 20.2M | 16.2M | 14.8M | 26.5M | 23.9M | 16.4M | |
Treasury Stock | (68.4M) | (75.4M) | (6.7M) | (14.1M) | (12.7M) | (13.3M) | |
Current Deferred Revenue | 55.5M | 72.8M | 86.5M | 114.0M | 131.1M | 137.7M | |
Short Term Debt | 194.3M | 154.5M | 169.7M | 165.4M | 148.9M | 141.4M | |
Net Tangible Assets | 333.6M | 397.2M | 660.7M | 782.3M | 899.6M | 944.6M | |
Capital Surpluse | 145.2M | 152.4M | 159.5M | 167.3M | 192.4M | 144.3M | |
Deferred Long Term Liab | 8.9M | 11.0M | 19.1M | 715K | 822.3K | 781.1K | |
Non Current Liabilities Other | 2.7M | 5.3M | 35.5M | 61.0M | 70.1M | 73.7M |
Pair Trading with EPlus
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 EPlus 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 EPlus will appreciate offsetting losses from the drop in the long position's value.Moving against EPlus Stock
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The ability to find closely correlated positions to EPlus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPlus 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 EPlus - 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 ePlus inc to buy it.
The correlation of EPlus 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 EPlus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ePlus inc 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 EPlus 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in ePlus inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is EPlus' 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 EPlus. If investors know EPlus 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 EPlus 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 (0.24) | Earnings Share 4.76 | Revenue Per Share 81.326 | Quarterly Revenue Growth (0.18) | Return On Assets 0.0684 |
The market value of ePlus inc is measured differently than its book value, which is the value of EPlus that is recorded on the company's balance sheet. Investors also form their own opinion of EPlus' value that differs from its market value or its book value, called intrinsic value, which is EPlus' 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 EPlus' market value can be influenced by many factors that don't directly affect EPlus' 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 EPlus' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPlus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPlus' 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.