ChengDu Change To Netincome vs Change In Cash Analysis

000628 Stock   57.95  0.78  1.36%   
ChengDu Hi financial indicator trend analysis is way more than just evaluating ChengDu Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChengDu Hi Tech is a good investment. Please check the relationship between ChengDu Hi Change To Netincome and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChengDu Hi Tech 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.

Change To Netincome vs Change In Cash

Change To Netincome vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChengDu Hi Tech Change To Netincome account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ChengDu Hi's Change To Netincome and Change In Cash is -0.38. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change In Cash in the same time period over historical financial statements of ChengDu Hi Tech Development, assuming nothing else is changed. The correlation between historical values of ChengDu Hi's Change To Netincome and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of ChengDu Hi Tech Development are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Netincome i.e., ChengDu Hi's Change To Netincome and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Netincome

Change In Cash

Most indicators from ChengDu Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChengDu Hi Tech 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 ChengDu Hi Tech 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.
The current year's Selling General Administrative is expected to grow to about 102 M. The current year's Tax Provision is expected to grow to about 270.2 M
 2022 2024 2025 (projected)
Income Tax Expense62.4M71.8M75.4M
Net Income199.1M420.8M441.9M

ChengDu Hi fundamental ratios Correlations

0.95-0.480.941.00.64-0.020.93-0.611.00.830.66-0.480.190.69-0.140.90.870.040.920.410.90.350.630.910.9
0.95-0.690.950.950.590.070.91-0.590.930.750.74-0.470.090.74-0.230.830.860.00.890.490.850.330.640.850.91
-0.48-0.69-0.52-0.47-0.44-0.36-0.390.27-0.43-0.23-0.760.410.06-0.590.02-0.42-0.55-0.09-0.42-0.43-0.36-0.29-0.55-0.45-0.58
0.940.95-0.520.950.430.030.95-0.620.930.820.54-0.25-0.110.65-0.280.840.81-0.040.910.370.90.280.540.850.85
1.00.95-0.470.950.60.020.95-0.620.990.850.63-0.430.150.65-0.20.890.840.020.950.340.920.330.580.890.87
0.640.59-0.440.430.6-0.110.37-0.510.640.340.82-0.820.580.630.40.760.790.290.520.360.420.370.640.780.64
-0.020.07-0.360.030.02-0.110.030.04-0.030.080.140.17-0.23-0.26-0.08-0.01-0.12-0.050.02-0.280.060.31-0.25-0.04-0.17
0.930.91-0.390.950.950.370.03-0.540.920.890.5-0.230.040.58-0.470.770.71-0.150.920.250.940.20.40.780.77
-0.61-0.590.27-0.62-0.62-0.510.04-0.54-0.6-0.46-0.390.20.03-0.26-0.01-0.61-0.64-0.05-0.65-0.11-0.51-0.12-0.13-0.61-0.42
1.00.93-0.430.930.990.64-0.030.92-0.60.830.63-0.470.210.67-0.130.90.860.050.920.380.90.350.620.90.89
0.830.75-0.230.820.850.340.080.89-0.460.830.36-0.050.070.41-0.380.690.51-0.40.750.040.980.150.230.680.58
0.660.74-0.760.540.630.820.140.5-0.390.630.36-0.790.490.730.030.70.80.130.550.490.470.440.630.730.71
-0.48-0.470.41-0.25-0.43-0.820.17-0.230.2-0.47-0.05-0.79-0.71-0.61-0.27-0.53-0.69-0.39-0.36-0.57-0.15-0.38-0.67-0.56-0.61
0.190.090.06-0.110.150.58-0.230.040.030.210.070.49-0.710.260.050.20.240.060.090.150.060.170.20.210.17
0.690.74-0.590.650.650.63-0.260.58-0.260.670.410.73-0.610.260.00.690.790.030.520.690.550.210.830.720.87
-0.14-0.230.02-0.28-0.20.4-0.08-0.47-0.01-0.13-0.380.03-0.270.050.00.10.120.48-0.270.21-0.360.280.370.080.02
0.90.83-0.420.840.890.76-0.010.77-0.610.90.690.7-0.530.20.690.10.930.160.820.390.770.480.661.00.84
0.870.86-0.550.810.840.79-0.120.71-0.640.860.510.8-0.690.240.790.120.930.240.770.630.630.480.770.950.91
0.040.0-0.09-0.040.020.29-0.05-0.15-0.050.05-0.40.13-0.390.060.030.480.160.240.220.05-0.320.20.410.150.18
0.920.89-0.420.910.950.520.020.92-0.650.920.750.55-0.360.090.52-0.270.820.770.220.170.820.230.480.820.77
0.410.49-0.430.370.340.36-0.280.25-0.110.380.040.49-0.570.150.690.210.390.630.050.170.160.40.740.430.71
0.90.85-0.360.90.920.420.060.94-0.510.90.980.47-0.150.060.55-0.360.770.63-0.320.820.160.210.360.770.7
0.350.33-0.290.280.330.370.310.2-0.120.350.150.44-0.380.170.210.280.480.480.20.230.40.210.410.470.4
0.630.64-0.550.540.580.64-0.250.4-0.130.620.230.63-0.670.20.830.370.660.770.410.480.740.360.410.680.88
0.910.85-0.450.850.890.78-0.040.78-0.610.90.680.73-0.560.210.720.081.00.950.150.820.430.770.470.680.86
0.90.91-0.580.850.870.64-0.170.77-0.420.890.580.71-0.610.170.870.020.840.910.180.770.710.70.40.880.86
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ChengDu Hi Account Relationship Matchups

ChengDu Hi fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets8.3B10.8B13.7B13.6B15.7B16.4B
Total Stockholder Equity1.5B1.6B1.8B2.1B2.4B2.5B
Other Liab51.2M8.4M15.0M50.3M45.3M43.0M
Retained Earnings174.7M292.2M485.3M818.2M940.9M987.9M
Accounts Payable3.1B5.2B6.6B7.3B8.4B8.8B
Cash1.7B2.2B2.6B1.6B1.9B958.0M
Other Assets152.2M142.0M187.7M191.8M220.6M193.7M
Long Term Debt329.1M496.4M777.4M1.6B1.8B1.9B
Inventory13.3M6.9M67.1M122.3M110.0M104.5M
Total Liab6.6B9.2B11.7B11.4B13.1B13.8B
Intangible Assets46.5M35.1M178.6M166.5M191.5M201.1M
Property Plant Equipment99.2M69.1M56.9M109.1M98.2M153.9M
Other Current Liab2.4B2.8B3.3B785.9M903.8M858.6M
Total Current Liabilities6.3B8.6B10.9B9.8B11.2B6.2B
Net Tangible Assets960.4M1.5B1.5B1.4B1.6B1.1B
Net Receivables788.6M7.5B1.0B650.8M748.4M711.0M
Other Current Assets27.2M257.7M145.6M250.6M288.2M302.7M
Other Stockholder Equity38.6M58.5M13.3M12.9M14.9M17.6M
Deferred Long Term Liab7.8M7.1M3.4M56.9M65.5M68.7M
Short Long Term Debt200.3M260.3M245.2M125.1M143.9M155.6M
Total Current Assets7.9B10.2B12.6B11.6B13.4B7.3B
Non Current Assets Total481.6M653.5M1.1B2.0B2.3B2.4B
Non Currrent Assets Other10.6M74.8M85.4M69.3M79.7M83.6M
Non Current Liabilities Total338.0M517.0M831.5M1.7B1.9B2.0B
Non Current Liabilities Other6.1M12.8M12.8M15.5M13.9M13.2M
Net Invested Capital2.1B2.3B2.8B3.8B4.4B2.3B
Net Working Capital1.5B1.5B1.8B1.9B2.1B1.4B
Property Plant And Equipment Net69.1M56.9M109.1M502.7M578.1M607.0M
Property Plant And Equipment Gross156.7M106.0M109.1M565.6M650.4M682.9M

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Other Information on Investing in ChengDu Stock

Balance Sheet is a snapshot of the financial position of ChengDu Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. ChengDu Hi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ChengDu Hi 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 ChengDu currently owns. An asset can also be divided into two categories, current and non-current.