| 002318 Stock | | | 23.40 0.60 2.50% |
Zhejiang JIULI financial indicator trend analysis is more than just analyzing Zhejiang JIULI Hi current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang JIULI Hi is a good investment. Please check the relationship between Zhejiang JIULI Change In Working Capital and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang JIULI Hi tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Change In Working Capital vs Depreciation
Change In Working Capital vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang JIULI Hi Change In Working Capital account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang JIULI's Change In Working Capital and Depreciation is 0.77. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Zhejiang JIULI Hi tech, assuming nothing else is changed. The correlation between historical values of Zhejiang JIULI's Change In Working Capital and Depreciation 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 In Working Capital of Zhejiang JIULI Hi tech are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Working Capital i.e., Zhejiang JIULI's Change In Working Capital and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Depreciation
Depreciation indicates how much of Zhejiang JIULI Hi value has been used up. For tax purposes Zhejiang JIULI can deduct the cost of the tangible assets it purchases as business expenses. However, Zhejiang JIULI Hi tech 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.
Most indicators from Zhejiang JIULI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang JIULI Hi 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 Zhejiang JIULI Hi tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 263.9
M, whereas
Selling General Administrative is forecasted to decline to about 303.3
M.
Zhejiang JIULI fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang JIULI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang JIULI fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang JIULI Hi at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang JIULI Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang JIULI 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.