Altus Depreciation vs Change To Netincome Analysis

AIF Stock

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Altus Group financial indicator trend analysis is way more than just evaluating Altus Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altus Group Limited is a good investment. Please check the relationship between Altus Group Depreciation and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Depreciation vs Change To Netincome

Depreciation vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altus Group Limited Depreciation account and Change To Netincome. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Altus Group's Depreciation and Change To Netincome is 0.19. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Altus Group Limited, assuming nothing else is changed. The correlation between historical values of Altus Group's Depreciation and Change To Netincome 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 of Altus Group Limited are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Depreciation i.e., Altus Group's Depreciation and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of Altus Group Limited value has been used up. For tax purposes Altus Group can deduct the cost of the tangible assets it purchases as business expenses. However, Altus Group Limited 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.

Change To Netincome

Most indicators from Altus Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altus Group Limited 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 Altus Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Altus Group's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 18th of May 2024, Enterprise Value Over EBITDA is likely to grow to 21.20, while Selling General Administrative is likely to drop about 291.6 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	578.8M	683.4M	785.9M	825.2M
Total Revenue	625.4M	735.5M	772.8M	390.5M

Other Operating Expenses Total Revenue

Altus Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Total Current Assets	Common Stock	Other Stockholder Equity	Short Term Investments	Short Term Debt	Property Plant And Equipment Net	Accounts Payable	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.91	0.73	0.78	0.98	0.81	-0.8	0.59	1.0	0.17	0.79	0.98	0.68	0.58	0.88	0.34	0.97	0.95	0.98	0.04	-0.33	0.03	0.62	-0.22	-0.16	0.95
Short Long Term Debt Total	0.91		0.59	0.71	0.81	0.93	-0.74	0.31	0.92	0.14	0.61	0.88	0.44	0.29	0.91	0.25	0.96	0.81	0.88	0.24	-0.43	0.03	0.46	0.08	-0.29	0.92
Other Current Liab	0.73	0.59		0.8	0.75	0.38	-0.68	0.83	0.67	0.42	0.95	0.82	0.62	0.71	0.44	0.16	0.67	0.87	0.76	-0.17	-0.26	0.31	0.81	-0.47	-0.43	0.79
Total Current Liabilities	0.78	0.71	0.8		0.76	0.62	-0.74	0.65	0.75	0.19	0.76	0.83	0.63	0.53	0.47	0.31	0.77	0.83	0.78	-0.05	-0.19	0.63	0.76	-0.3	-0.32	0.8
Total Stockholder Equity	0.98	0.81	0.75	0.76		0.67	-0.77	0.65	0.96	0.16	0.83	0.95	0.73	0.67	0.8	0.33	0.9	0.95	0.98	-0.08	-0.29	0.02	0.61	-0.38	-0.08	0.9
Net Debt	0.81	0.93	0.38	0.62	0.67		-0.64	0.2	0.84	0.05	0.38	0.75	0.37	0.15	0.89	0.32	0.91	0.66	0.72	0.34	-0.29	0.03	0.43	0.25	-0.18	0.81
Retained Earnings	-0.8	-0.74	-0.68	-0.74	-0.77	-0.64		-0.66	-0.76	0.17	-0.78	-0.88	-0.78	-0.42	-0.66	-0.62	-0.79	-0.87	-0.85	-0.03	-0.02	-0.17	-0.63	0.07	0.23	-0.73
Cash	0.59	0.31	0.83	0.65	0.65	0.2	-0.66		0.52	0.29	0.88	0.69	0.8	0.83	0.3	0.41	0.5	0.78	0.6	-0.2	0.06	0.21	0.85	-0.49	-0.22	0.57
Non Current Assets Total	1.0	0.92	0.67	0.75	0.96	0.84	-0.76	0.52		0.16	0.73	0.95	0.63	0.54	0.9	0.32	0.98	0.91	0.96	0.07	-0.35	0.0	0.57	-0.19	-0.13	0.94
Non Currrent Assets Other	0.17	0.14	0.42	0.19	0.16	0.05	0.17	0.29	0.16		0.3	0.15	-0.12	0.52	0.11	-0.52	0.17	0.19	0.07	-0.14	-0.71	-0.03	0.3	-0.33	-0.55	0.39
Cash And Short Term Investments	0.79	0.61	0.95	0.76	0.83	0.38	-0.78	0.88	0.73	0.3		0.87	0.71	0.74	0.53	0.26	0.71	0.93	0.84	-0.14	-0.2	0.16	0.76	-0.45	-0.34	0.79
Net Receivables	0.98	0.88	0.82	0.83	0.95	0.75	-0.88	0.69	0.95	0.15	0.87		0.73	0.59	0.82	0.4	0.95	0.99	0.97	0.02	-0.27	0.1	0.69	-0.22	-0.26	0.93
Common Stock Total Equity	0.68	0.44	0.62	0.63	0.73	0.37	-0.78	0.8	0.63	-0.12	0.71	0.73		0.72	0.44	0.81	0.59	0.76	0.71	-0.13	0.24	0.18	0.69	-0.3	0.12	0.52
Common Stock Shares Outstanding	0.58	0.29	0.71	0.53	0.67	0.15	-0.42	0.83	0.54	0.52	0.74	0.59	0.72		0.31	0.26	0.46	0.67	0.57	-0.39	-0.23	0.06	0.66	-0.67	-0.13	0.58
Non Current Liabilities Total	0.88	0.91	0.44	0.47	0.8	0.89	-0.66	0.3	0.9	0.11	0.53	0.82	0.44	0.31		0.28	0.92	0.75	0.82	0.26	-0.37	-0.33	0.37	0.11	-0.15	0.84
Inventory	0.34	0.25	0.16	0.31	0.33	0.32	-0.62	0.41	0.32	-0.52	0.26	0.4	0.81	0.26	0.28		0.33	0.38	0.37	0.11	0.54	0.14	0.37	0.16	0.29	0.14
Total Liab	0.97	0.96	0.67	0.77	0.9	0.91	-0.79	0.5	0.98	0.17	0.71	0.95	0.59	0.46	0.92	0.33		0.9	0.93	0.16	-0.35	0.03	0.6	-0.05	-0.25	0.95
Total Current Assets	0.95	0.81	0.87	0.83	0.95	0.66	-0.87	0.78	0.91	0.19	0.93	0.99	0.76	0.67	0.75	0.38	0.9		0.96	-0.04	-0.23	0.12	0.75	-0.31	-0.25	0.91
Common Stock	0.98	0.88	0.76	0.78	0.98	0.72	-0.85	0.6	0.96	0.07	0.84	0.97	0.71	0.57	0.82	0.37	0.93	0.96		-0.02	-0.28	0.05	0.58	-0.26	-0.15	0.9
Other Stockholder Equity	0.04	0.24	-0.17	-0.05	-0.08	0.34	-0.03	-0.2	0.07	-0.14	-0.14	0.02	-0.13	-0.39	0.26	0.11	0.16	-0.04	-0.02		0.05	-0.1	-0.05	0.6	-0.06	0.04
Short Term Investments	-0.33	-0.43	-0.26	-0.19	-0.29	-0.29	-0.02	0.06	-0.35	-0.71	-0.2	-0.27	0.24	-0.23	-0.37	0.54	-0.35	-0.23	-0.28	0.05		0.17	0.1	0.2	0.52	-0.49
Short Term Debt	0.03	0.03	0.31	0.63	0.02	0.03	-0.17	0.21	0.0	-0.03	0.16	0.1	0.18	0.06	-0.33	0.14	0.03	0.12	0.05	-0.1	0.17		0.4	-0.18	-0.16	0.09
Property Plant And Equipment Net	0.62	0.46	0.81	0.76	0.61	0.43	-0.63	0.85	0.57	0.3	0.76	0.69	0.69	0.66	0.37	0.37	0.6	0.75	0.58	-0.05	0.1	0.4		-0.26	-0.23	0.67
Accounts Payable	-0.22	0.08	-0.47	-0.3	-0.38	0.25	0.07	-0.49	-0.19	-0.33	-0.45	-0.22	-0.3	-0.67	0.11	0.16	-0.05	-0.31	-0.26	0.6	0.2	-0.18	-0.26		0.01	-0.22
Other Current Assets	-0.16	-0.29	-0.43	-0.32	-0.08	-0.18	0.23	-0.22	-0.13	-0.55	-0.34	-0.26	0.12	-0.13	-0.15	0.29	-0.25	-0.25	-0.15	-0.06	0.52	-0.16	-0.23	0.01		-0.37
Property Plant And Equipment Gross	0.95	0.92	0.79	0.8	0.9	0.81	-0.73	0.57	0.94	0.39	0.79	0.93	0.52	0.58	0.84	0.14	0.95	0.91	0.9	0.04	-0.49	0.09	0.67	-0.22	-0.37

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Altus Group Account Relationship Matchups

Altus Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	735.1M	735.4M	1.2B	1.3B	1.2B	1.3B
Short Long Term Debt Total	214.2M	186.0M	358.1M	378.1M	434.9M	456.6M
Other Current Liab	168.6M	183.1M	112.3M	127.6M	146.7M	154.1M
Total Current Liabilities	283.6M	153.2M	209.9M	239.9M	218.3M	229.2M
Total Stockholder Equity	359.7M	383.4M	589.5M	599.9M	602.5M	632.7M
Net Debt	154.0M	116.4M	306.8M	322.9M	265.6M	278.8M
Retained Earnings	(214.7M)	(217.6M)	(217.4M)	(243.6M)	(259.3M)	(246.4M)
Cash	60.3M	69.6M	51.3M	55.3M	41.9M	25.6M
Non Current Assets Total	489.1M	466.8M	915.5M	944.0M	912.1M	957.7M
Non Currrent Assets Other	19.3M	20.3M	18.5M	25.5M	22.9M	11.6M
Cash And Short Term Investments	60.3M	69.6M	51.3M	55.3M	63.6M	66.7M
Net Receivables	184.4M	196.5M	226.6M	262.9M	250.5M	263.0M
Common Stock Total Equity	479.2M	491.5M	509.6M	529.9M	609.3M	316.7M
Common Stock Shares Outstanding	38.8M	40.1M	41.2M	42.9M	45.5M	30.4M
Liabilities And Stockholders Equity	735.1M	735.4M	1.2B	1.3B	1.5B	1.5B
Non Current Liabilities Total	91.9M	198.8M	399.9M	424.2M	393.9M	413.6M
Total Liab	375.5M	352.0M	609.8M	664.0M	612.2M	642.8M
Total Current Assets	246.1M	268.6M	283.7M	319.9M	302.6M	317.7M
Common Stock	509.6M	529.9M	726.3M	747.7M	859.8M	902.8M
Other Stockholder Equity	24.4M	30.4M	42.1M	48.6M	43.7M	67.2M
Short Term Debt	150.5M	11.7M	13.9M	14.9M	17.1M	19.2M
Property Plant And Equipment Net	92.8M	72.1M	81.6M	60.5M	45.1M	37.0M
Accounts Payable	9.9M	7.6M	10.6M	7.3M	17.5M	15.3M
Other Current Assets	1.4M	2.5M	5.9M	1.7M	1.9M	1.9M
Property Plant And Equipment Gross	92.8M	72.1M	147.4M	152.9M	150.0M	157.5M
Accumulated Other Comprehensive Income	40.2M	40.8M	38.4M	47.2M	54.2M	57.0M
Intangible Assets	92.6M	77.9M	286.7M	292.8M	270.6M	284.2M
Good Will	260.4M	261.1M	467.3M	497.6M	510.0M	274.3M
Other Liab	28.1M	24.5M	55.8M	60.9M	70.0M	40.7M
Net Tangible Assets	6.7M	44.5M	(164.5M)	(190.5M)	(171.5M)	(162.9M)
Current Deferred Revenue	38.9M	42.4M	73.0M	90.1M	103.6M	108.8M
Other Assets	31.8M	30.1M	42.6M	47.4M	54.5M	30.9M
Long Term Debt	334K	122.4M	286.9M	317.8M	307.5M	176.1M
Long Term Investments	11.5M	25.7M	37.3M	38.8M	37.2M	33.2M
Property Plant Equipment	92.8M	72.1M	81.6M	60.5M	69.5M	51.6M
Long Term Debt Total	63.8M	174.3M	344.1M	363.3M	417.8M	438.7M
Capital Surpluse	24.4M	30.4M	42.4M	48.6M	55.9M	30.1M

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Note that the Altus Group Limited information on this page should be used as a complementary analysis to other Altus Group'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Altus Depreciation vs Change To Netincome Analysis

Depreciation vs Change To Netincome

Depreciation vs Change To Netincome Correlation Analysis

Correlation Coefficient

Depreciation

Change To Netincome

Altus Group fundamental ratios Correlations

Altus Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altus Group fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Altus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Assets
Common Stock	+ 0.98	Total Assets
Common Stock	+ 0.98	Total Stockholder Equity

Net Receivables	- 0.88	Retained Earnings
Total Current Assets	- 0.87	Retained Earnings
Common Stock	- 0.85	Retained Earnings
Retained Earnings	- 0.8	Total Assets
Total Liab	- 0.79	Retained Earnings
Common Stock Total Equity	- 0.78	Retained Earnings