| 000622 Stock | | | 2.30 0.03 1.29% |
Hengli Industrial financial indicator trend analysis is much more than just examining Hengli Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Industrial is a good investment. Please check the relationship between Hengli Industrial Free Cash Flow and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Industrial Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Free Cash Flow vs Net Income
Free Cash Flow vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hengli Industrial Free Cash Flow account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hengli Industrial's Free Cash Flow and Net Income is -0.27. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Hengli Industrial Development, assuming nothing else is changed. The correlation between historical values of Hengli Industrial's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Hengli Industrial Development are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Hengli Industrial's Free Cash Flow and Net Income go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Hengli Industrial financial statement analysis. It represents the amount of money remaining after all of Hengli Industrial Development operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Hengli Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Industrial 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 Hengli Industrial Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 5.9
M. The current year's
Tax Provision is expected to grow to about (813.1
K)
Hengli Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Hengli Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hengli Industrial fundamental ratios Accounts
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Other Information on Investing in Hengli Stock
Balance Sheet is a snapshot of the
financial position of Hengli Industrial at a specified time, usually calculated after every quarter, six months, or one year. Hengli Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengli Industrial and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hengli currently owns. An asset can also be divided into two categories, current and non-current.