Zotye Selling General Administrative vs Depreciation And Amortization Analysis

000980 Stock   2.15  0.05  2.27%   
Zotye Automobile financial indicator trend analysis is more than just analyzing Zotye Automobile current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zotye Automobile is a good investment. Please check the relationship between Zotye Automobile Selling General Administrative and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zotye Automobile Co. 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.

Selling General Administrative vs Depreciation And Amortization

Selling General Administrative vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zotye Automobile Selling General Administrative account and Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zotye Automobile's Selling General Administrative and Depreciation And Amortization is 0.56. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Zotye Automobile Co, assuming nothing else is changed. The correlation between historical values of Zotye Automobile's Selling General Administrative 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 Selling General Administrative of Zotye Automobile Co 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 Selling General Administrative i.e., Zotye Automobile's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Selling General Administrative

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 Zotye Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zotye Automobile 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 Zotye Automobile Co. 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 319.9 M, whereas Tax Provision is projected to grow to (13.8 M).
 2022 2023 2024 2025 (projected)
Interest Expense88.1M81.1M93.3M61.6M
Depreciation And Amortization365.8M316.1M363.5M345.3M

Zotye Automobile fundamental ratios Correlations

0.50.890.890.90.950.45-0.280.960.941.00.320.940.980.090.270.920.60.91.00.550.130.390.110.910.03
0.50.290.730.120.680.820.680.50.280.510.50.280.570.610.570.190.940.760.480.9-0.690.810.610.730.39
0.890.290.720.870.840.1-0.360.840.810.890.260.810.880.010.110.830.410.720.880.390.260.22-0.020.73-0.09
0.890.730.720.60.920.730.090.950.720.880.450.720.940.10.180.740.710.990.890.84-0.050.410.090.94-0.08
0.90.120.870.60.770.06-0.620.790.950.890.160.950.82-0.020.20.930.310.610.890.140.370.20.010.670.02
0.950.680.840.920.770.54-0.030.910.830.960.440.830.970.210.370.780.750.940.950.71-0.090.540.250.930.13
0.450.820.10.730.060.540.490.540.310.450.260.310.50.310.380.270.710.740.450.8-0.470.550.340.70.2
-0.280.68-0.360.09-0.62-0.030.49-0.22-0.52-0.270.32-0.52-0.150.520.28-0.550.510.11-0.290.57-0.80.490.490.050.27
0.960.50.840.950.790.910.54-0.220.860.950.330.860.97-0.050.090.890.540.930.960.640.210.25-0.060.91-0.17
0.940.280.810.720.950.830.31-0.520.860.930.161.00.860.020.290.950.430.740.940.290.240.30.080.780.1
1.00.510.890.880.890.960.45-0.270.950.930.280.930.970.130.310.90.620.90.990.550.10.420.150.920.06
0.320.50.260.450.160.440.260.320.330.160.280.160.440.04-0.080.240.440.420.360.62-0.060.160.010.22-0.16
0.940.280.810.720.950.830.31-0.520.861.00.930.160.860.020.30.950.430.740.940.290.240.30.080.780.11
0.980.570.880.940.820.970.5-0.150.970.860.970.440.860.060.190.870.640.940.980.670.110.370.070.91-0.06
0.090.610.010.1-0.020.210.310.52-0.050.020.130.040.020.060.85-0.130.660.180.050.24-0.830.90.950.30.82
0.270.570.110.180.20.370.380.280.090.290.31-0.080.30.190.850.050.690.280.230.17-0.770.920.950.430.95
0.920.190.830.740.930.780.27-0.550.890.950.90.240.950.87-0.130.050.290.730.930.30.430.11-0.140.72-0.16
0.60.940.410.710.310.750.710.510.540.430.620.440.430.640.660.690.290.760.580.78-0.650.880.70.780.5
0.90.760.720.990.610.940.740.110.930.740.90.420.740.940.180.280.730.760.90.84-0.130.50.180.960.03
1.00.480.880.890.890.950.45-0.290.960.940.990.360.940.980.050.230.930.580.90.550.160.360.070.890.0
0.550.90.390.840.140.710.80.570.640.290.550.620.290.670.240.170.30.780.840.55-0.380.480.220.73-0.03
0.13-0.690.26-0.050.37-0.09-0.47-0.80.210.240.1-0.060.240.11-0.83-0.770.43-0.65-0.130.16-0.38-0.82-0.88-0.19-0.77
0.390.810.220.410.20.540.550.490.250.30.420.160.30.370.90.920.110.880.50.360.48-0.820.940.60.82
0.110.61-0.020.090.010.250.340.49-0.060.080.150.010.080.070.950.95-0.140.70.180.070.22-0.880.940.310.92
0.910.730.730.940.670.930.70.050.910.780.920.220.780.910.30.430.720.780.960.890.73-0.190.60.310.18
0.030.39-0.09-0.080.020.130.20.27-0.170.10.06-0.160.11-0.060.820.95-0.160.50.030.0-0.03-0.770.820.920.18
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Zotye Automobile Account Relationship Matchups

Zotye Automobile fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets9.6B8.0B7.1B6.2B7.1B6.0B
Short Long Term Debt Total5.6B2.9B3.0B2.9B3.4B3.5B
Other Current Liab118.4M42.6M766.5M25.9M29.8M28.3M
Total Current Liabilities13.5B2.7B2.9B3.2B3.7B3.1B
Total Stockholder Equity(4.4B)3.4B2.4B1.5B1.7B2.5B
Property Plant And Equipment Net2.1B1.9B1.8B1.3B1.5B1.0B
Current Deferred Revenue3.0B1.1B110.8M948.5M1.1B1.1B
Net Debt5.3B1.2B2.0B2.1B2.5B2.6B
Accounts Payable4.9B425.6M600.3M554.8M638.0M606.1M
Cash219.0M1.6B1.0B795.2M914.5M957.2M
Non Current Assets Total4.3B3.5B3.5B3.0B3.4B2.5B
Non Currrent Assets Other34.3M7.2M23.4M84.9M97.6M87.0M
Cash And Short Term Investments219.0M1.6B1.0B795.2M914.5M967.5M
Net Receivables4.1B2.0B1.9B1.5B1.7B1.8B
Liabilities And Stockholders Equity9.6B8.0B7.1B6.2B7.1B6.0B
Non Current Liabilities Total458.9M1.9B1.7B1.4B1.7B1.7B
Inventory299.8M279.2M207.0M296.5M341.0M527.0M
Other Current Assets708.6M601.5M526.2M535.9M616.3M647.1M
Total Liab14.0B4.6B4.7B4.7B5.4B3.4B
Total Current Assets5.3B4.5B3.6B3.2B3.7B3.5B
Short Term Debt5.5B1.1B1.5B1.7B2.0B1.0B
Retained Earnings(19.8B)(20.2B)(21.1B)(22.0B)(19.8B)(18.8B)
Other Stockholder Equity13.1B18.2B18.1B18.2B20.9B21.9B
Other Liab546.8M305.2M424.3M174.9M201.2M190.6M
Long Term Debt86.1M1.7B1.6B1.2B1.4B1.5B
Property Plant Equipment4.2B3.5B2.2B1.9B2.2B1.3B
Intangible Assets2.2B1.6B1.7B1.5B1.8B964.8M
Net Tangible Assets7.1B3.5B(6.2B)1.9B1.7B1.4B
Deferred Long Term Liab107.9M195.0M813.1K455.2K409.6K389.2K
Short Long Term Debt5.3B1.1B1.2B1.2B1.4B2.2B
Non Current Liabilities Other205.7M4.9M160.3K50.2M45.2M42.9M
Net Invested Capital999.0M6.3B5.2B4.0B3.6B3.4B
Net Working Capital(8.2B)1.8B695.3M(14.5M)(13.1M)(12.4M)
Property Plant And Equipment Gross5.1B5.8B5.6B5.4B4.9B4.5B

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Other Information on Investing in Zotye Stock

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