002230 Stock | | | 48.79 0.13 0.27% |
Iflytek financial indicator trend analysis is infinitely more than just investigating Iflytek recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iflytek is a good investment. Please check the relationship between Iflytek Capital Expenditures and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Iflytek 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.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Iflytek Capital Expenditures account and
Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Iflytek's Capital Expenditures and Net Income is 0.39. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Iflytek Co, assuming nothing else is changed. The correlation between historical values of Iflytek's Capital Expenditures 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 Capital Expenditures of Iflytek Co 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 Capital Expenditures i.e., Iflytek's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Iflytek to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Iflytek operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Iflytek financial statement analysis. It represents the amount of money remaining after all of Iflytek Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Iflytek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iflytek 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 Iflytek 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.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 1.1
B. The current year's
Tax Provision is expected to grow to about (183.7
M)
Iflytek fundamental ratios Correlations
Click cells to compare fundamentals
Iflytek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Iflytek fundamental ratios Accounts
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Other Information on Investing in Iflytek Stock
Balance Sheet is a snapshot of the
financial position of Iflytek at a specified time, usually calculated after every quarter, six months, or one year. Iflytek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Iflytek 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 Iflytek currently owns. An asset can also be divided into two categories, current and non-current.