Shenzhen Change To Netincome vs Other Non Cash Items Analysis

002334 Stock   8.10  0.26  3.32%   
Shenzhen INVT financial indicator trend analysis is much more than just breaking down Shenzhen INVT Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen INVT Electric is a good investment. Please check the relationship between Shenzhen INVT Change To Netincome and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen INVT Electric. 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 Other Non Cash Items

Change To Netincome vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen INVT Electric Change To Netincome account and Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenzhen INVT's Change To Netincome and Other Non Cash Items is 0.68. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Shenzhen INVT Electric, assuming nothing else is changed. The correlation between historical values of Shenzhen INVT's Change To Netincome and Other Non Cash Items 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 Shenzhen INVT Electric are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Netincome i.e., Shenzhen INVT's Change To Netincome and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Netincome

Other Non Cash Items

Most indicators from Shenzhen INVT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen INVT Electric 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 Shenzhen INVT Electric. 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 Tax Provision is expected to grow to about 73.8 M, whereas Selling General Administrative is forecasted to decline to about 285.6 M.
 2021 2022 2023 2024 (projected)
Operating Income199.2M315.3M442.4M464.5M
Total Revenue3.0B4.1B4.6B4.8B

Shenzhen INVT fundamental ratios Correlations

0.670.960.80.990.970.640.630.920.960.350.970.770.710.960.830.92-0.23-0.690.760.89-0.830.780.890.90.79
0.670.760.640.650.710.450.30.670.710.230.70.370.520.590.560.540.11-0.630.60.62-0.710.660.790.750.71
0.960.760.740.950.990.550.540.940.980.30.990.690.710.950.820.91-0.2-0.80.760.88-0.90.870.910.950.88
0.80.640.740.820.750.790.520.750.780.270.710.680.870.70.50.65-0.07-0.660.680.57-0.630.710.760.740.63
0.990.650.950.820.950.580.550.920.950.320.950.820.750.930.790.9-0.18-0.70.730.84-0.820.780.860.890.79
0.970.710.990.750.950.560.560.920.970.290.990.710.720.970.830.93-0.28-0.80.770.88-0.880.850.90.940.87
0.640.450.550.790.580.560.570.540.610.060.550.430.560.550.440.42-0.09-0.480.580.49-0.480.540.630.560.37
0.630.30.540.520.550.560.570.490.530.650.590.20.260.650.570.67-0.4-0.280.550.61-0.440.390.520.540.52
0.920.670.940.750.920.920.540.490.930.240.910.720.760.860.640.830.02-0.830.60.76-0.850.890.810.90.86
0.960.710.980.780.950.970.610.530.930.270.960.710.740.930.780.86-0.19-0.810.740.8-0.860.830.880.920.86
0.350.230.30.270.320.290.060.650.240.270.330.050.120.360.380.44-0.2-0.060.340.36-0.250.160.310.30.24
0.970.70.990.710.950.990.550.590.910.960.330.690.650.980.890.94-0.3-0.730.810.92-0.880.820.920.950.85
0.770.370.690.680.820.710.430.20.720.710.050.690.670.690.510.68-0.12-0.540.470.6-0.560.580.580.60.5
0.710.520.710.870.750.720.560.260.760.740.120.650.670.610.330.58-0.01-0.80.490.44-0.590.760.620.650.62
0.960.590.950.70.930.970.550.650.860.930.360.980.690.610.910.96-0.43-0.670.820.9-0.860.780.880.920.81
0.830.560.820.50.790.830.440.570.640.780.380.890.510.330.910.86-0.52-0.380.870.91-0.730.540.860.810.62
0.920.540.910.650.90.930.420.670.830.860.440.940.680.580.960.86-0.46-0.60.80.91-0.770.720.830.870.82
-0.230.11-0.2-0.07-0.18-0.28-0.09-0.40.02-0.19-0.2-0.3-0.12-0.01-0.43-0.52-0.46-0.06-0.49-0.360.060.04-0.24-0.17-0.15
-0.69-0.63-0.8-0.66-0.7-0.8-0.48-0.28-0.83-0.81-0.06-0.73-0.54-0.8-0.67-0.38-0.6-0.06-0.42-0.470.8-0.93-0.63-0.77-0.82
0.760.60.760.680.730.770.580.550.60.740.340.810.470.490.820.870.8-0.49-0.420.82-0.630.590.930.840.65
0.890.620.880.570.840.880.490.610.760.80.360.920.60.440.90.910.91-0.36-0.470.82-0.730.630.880.830.69
-0.83-0.71-0.9-0.63-0.82-0.88-0.48-0.44-0.85-0.86-0.25-0.88-0.56-0.59-0.86-0.73-0.770.060.8-0.63-0.73-0.92-0.78-0.92-0.79
0.780.660.870.710.780.850.540.390.890.830.160.820.580.760.780.540.720.04-0.930.590.63-0.920.760.90.83
0.890.790.910.760.860.90.630.520.810.880.310.920.580.620.880.860.83-0.24-0.630.930.88-0.780.760.940.78
0.90.750.950.740.890.940.560.540.90.920.30.950.60.650.920.810.87-0.17-0.770.840.83-0.920.90.940.89
0.790.710.880.630.790.870.370.520.860.860.240.850.50.620.810.620.82-0.15-0.820.650.69-0.790.830.780.89
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Shenzhen INVT Account Relationship Matchups

Shenzhen INVT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.8B3.5B4.9B5.2B5.4B
Other Current Liab109.3M125.4M185.2M666.3M278.1M147.5M
Total Current Liabilities1.1B1.1B1.4B2.2B1.9B2.0B
Total Stockholder Equity1.6B1.7B1.9B2.3B2.6B1.4B
Retained Earnings647.4M783.0M965.3M1.2B1.4B1.4B
Accounts Payable593.7M678.3M753.3M1.2B1.0B1.1B
Cash494.9M611.2M668.5M721.8M957.6M540.6M
Other Assets120.5M113.6M109.7M150.4M172.9M181.6M
Net Receivables837.6M532.2M837.5M1.0B1.1B1.2B
Inventory386.6M449.2M714.3M831.7M734.7M771.5M
Other Current Assets73.6M77.8M117.7M186.2M219.1M230.1M
Total Liab1.1B1.2B1.6B2.6B2.5B2.6B
Intangible Assets117.1M113.9M125.1M119.4M182.7M191.9M
Common Stock754.2M753.5M753.5M782.3M899.6M476.7M
Property Plant Equipment484.2M562.1M717.3M902.2M1.0B1.1B
Other Liab38.2M34.7M33.3M52.9M60.8M63.8M
Good Will328.9M198.8M61.3M50.2M45.2M42.9M
Net Tangible Assets1.4B1.5B1.7B2.1B2.4B1.7B
Deferred Long Term Liab34.6M19.9M14.3M12.3M11.1M10.5M
Total Current Assets1.8B1.9B2.4B3.6B3.7B2.6B
Non Current Assets Total859.9M946.4M1.1B1.3B1.4B1.2B
Non Currrent Assets Other36.7M36.7M37.6M68.9M46.0M44.4M
Non Current Liabilities Total38.2M84.7M206.1M318.2M547.6M574.9M
Short Long Term Debt259M151M270.7M202.8M160.2M221.1M
Common Stock Shares Outstanding754.2M753.5M753.5M791.7M801.4M842.9M
Net Invested Capital1.8B1.9B2.3B2.7B3.1B2.5B
Net Working Capital734.9M812.6M956.5M1.3B1.8B1.2B

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Other Information on Investing in Shenzhen Stock

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