Shandong Change To Inventory vs Capital Expenditures Analysis

002379 Stock

10.41 0.26 2.56%

Shandong Hongchuang financial indicator trend analysis is much more than just breaking down Shandong Hongchuang prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Hongchuang is a good investment. Please check the relationship between Shandong Hongchuang Change To Inventory and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Hongchuang Aluminum. 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 Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Hongchuang Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shandong Hongchuang's Change To Inventory and Capital Expenditures is 0.45. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shandong Hongchuang Aluminum, assuming nothing else is changed. The correlation between historical values of Shandong Hongchuang's Change To Inventory and Capital Expenditures 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 Inventory of Shandong Hongchuang Aluminum are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Shandong Hongchuang's Change To Inventory and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

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Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Capital Expenditures

Capital Expenditures are funds used by Shandong Hongchuang to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Shandong Hongchuang operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Shandong Hongchuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Hongchuang 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 Shandong Hongchuang Aluminum. 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 4.3 M, whereas Selling General Administrative is forecasted to decline to about 9 M.

Shandong Hongchuang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Long Term Investments	Total Current Assets	Non Current Assets Total	Short Long Term Debt	Short Term Debt	Common Stock Shares Outstanding	Deferred Long Term Liab	Net Invested Capital
Total Assets		-0.08	0.94	0.45	0.39	0.82	0.92	0.75	0.6	0.11	0.49	0.47	0.95	-0.41	-0.22	0.94	0.41	-0.16	0.47	0.47	-0.16	0.4	0.35	0.07	-0.01	0.02
Other Current Liab	-0.08		-0.07	0.12	0.17	0.17	-0.22	-0.26	-0.12	-0.27	0.32	-0.19	-0.11	0.47	0.37	0.07	-0.36	0.56	-0.44	-0.04	0.61	-0.27	-0.54	-0.24	0.53	0.12
Total Current Liabilities	0.94	-0.07		0.16	0.47	0.83	0.95	0.73	0.51	0.23	0.31	0.47	1.0	-0.58	-0.37	0.9	0.51	-0.37	0.66	0.4	-0.37	0.43	0.53	-0.2	-0.2	-0.25
Total Stockholder Equity	0.45	0.12	0.16		-0.2	0.34	0.2	0.22	0.22	-0.13	0.6	0.1	0.16	0.49	0.54	0.37	-0.31	0.52	-0.39	0.29	0.55	0.03	-0.44	0.64	0.47	0.69
Retained Earnings	0.39	0.17	0.47	-0.2		0.1	0.43	0.52	0.46	-0.25	0.04	0.21	0.51	-0.67	-0.73	0.57	0.8	-0.14	0.46	0.11	-0.22	0.02	0.32	-0.38	-0.15	-0.32
Accounts Payable	0.82	0.17	0.83	0.34	0.1		0.7	0.35	0.22	0.14	0.59	0.52	0.79	-0.14	0.03	0.75	0.07	-0.02	0.33	0.53	0.02	0.4	0.18	0.07	0.16	0.11
Cash	0.92	-0.22	0.95	0.2	0.43	0.7		0.86	0.55	0.18	0.2	0.34	0.96	-0.62	-0.39	0.87	0.57	-0.46	0.61	0.29	-0.45	0.41	0.54	-0.18	-0.29	-0.27
Other Assets	0.75	-0.26	0.73	0.22	0.52	0.35	0.86		0.6	0.1	0.0	-0.04	0.77	-0.62	-0.43	0.73	0.65	-0.44	0.54	0.13	-0.46	0.24	0.48	-0.2	-0.37	-0.32
Long Term Debt	0.6	-0.12	0.51	0.22	0.46	0.22	0.55	0.6		-0.14	0.2	0.12	0.57	-0.44	-0.31	0.68	0.41	-0.11	0.21	0.1	-0.14	0.12	0.2	-0.01	-0.05	-0.07
Net Receivables	0.11	-0.27	0.23	-0.13	-0.25	0.14	0.18	0.1	-0.14		-0.47	0.07	0.19	-0.03	0.18	-0.08	-0.14	-0.47	0.48	-0.05	-0.57	0.13	0.55	-0.34	-0.49	-0.45
Inventory	0.49	0.32	0.31	0.6	0.04	0.59	0.2	0.0	0.2	-0.47		0.4	0.3	0.22	0.15	0.47	-0.13	0.65	-0.28	0.55	0.68	0.17	-0.41	0.57	0.79	0.71
Other Current Assets	0.47	-0.19	0.47	0.1	0.21	0.52	0.34	-0.04	0.12	0.07	0.4		0.48	-0.27	-0.24	0.43	0.24	-0.08	0.34	0.42	-0.09	0.32	0.27	0.2	0.02	0.14
Total Liab	0.95	-0.11	1.0	0.16	0.51	0.79	0.96	0.77	0.57	0.19	0.3	0.48		-0.62	-0.42	0.92	0.57	-0.38	0.66	0.41	-0.38	0.43	0.54	-0.18	-0.21	-0.24
Intangible Assets	-0.41	0.47	-0.58	0.49	-0.67	-0.14	-0.62	-0.62	-0.44	-0.03	0.22	-0.27	-0.62		0.93	-0.46	-0.92	0.69	-0.8	-0.1	0.74	-0.29	-0.75	0.4	0.57	0.58
Common Stock	-0.22	0.37	-0.37	0.54	-0.73	0.03	-0.39	-0.43	-0.31	0.18	0.15	-0.24	-0.42	0.93		-0.3	-0.94	0.51	-0.69	-0.19	0.55	-0.3	-0.62	0.28	0.37	0.41
Property Plant Equipment	0.94	0.07	0.9	0.37	0.57	0.75	0.87	0.73	0.68	-0.08	0.47	0.43	0.92	-0.46	-0.3		0.48	-0.12	0.41	0.36	-0.09	0.27	0.26	-0.03	-0.02	-0.03
Other Liab	0.41	-0.36	0.51	-0.31	0.8	0.07	0.57	0.65	0.41	-0.14	-0.13	0.24	0.57	-0.92	-0.94	0.48		-0.53	0.73	0.26	-0.55	0.36	0.64	-0.24	-0.42	-0.37
Net Tangible Assets	-0.16	0.56	-0.37	0.52	-0.14	-0.02	-0.46	-0.44	-0.11	-0.47	0.65	-0.08	-0.38	0.69	0.51	-0.12	-0.53		-0.73	0.11	0.92	-0.34	-0.79	0.54	0.85	0.75
Long Term Investments	0.47	-0.44	0.66	-0.39	0.46	0.33	0.61	0.54	0.21	0.48	-0.28	0.34	0.66	-0.8	-0.69	0.41	0.73	-0.73		0.34	-0.76	0.48	0.87	-0.34	-0.58	-0.51
Total Current Assets	0.47	-0.04	0.4	0.29	0.11	0.53	0.29	0.13	0.1	-0.05	0.55	0.42	0.41	-0.1	-0.19	0.36	0.26	0.11	0.34		0.16	0.78	0.21	0.5	0.41	0.52
Non Current Assets Total	-0.16	0.61	-0.37	0.55	-0.22	0.02	-0.45	-0.46	-0.14	-0.57	0.68	-0.09	-0.38	0.74	0.55	-0.09	-0.55	0.92	-0.76	0.16		-0.21	-0.86	0.56	0.87	0.8
Short Long Term Debt	0.4	-0.27	0.43	0.03	0.02	0.4	0.41	0.24	0.12	0.13	0.17	0.32	0.43	-0.29	-0.3	0.27	0.36	-0.34	0.48	0.78	-0.21		0.55	0.24	0.0	0.16
Short Term Debt	0.35	-0.54	0.53	-0.44	0.32	0.18	0.54	0.48	0.2	0.55	-0.41	0.27	0.54	-0.75	-0.62	0.26	0.64	-0.79	0.87	0.21	-0.86	0.55		-0.37	-0.63	-0.58
Common Stock Shares Outstanding	0.07	-0.24	-0.2	0.64	-0.38	0.07	-0.18	-0.2	-0.01	-0.34	0.57	0.2	-0.18	0.4	0.28	-0.03	-0.24	0.54	-0.34	0.5	0.56	0.24	-0.37		0.55	0.92
Deferred Long Term Liab	-0.01	0.53	-0.2	0.47	-0.15	0.16	-0.29	-0.37	-0.05	-0.49	0.79	0.02	-0.21	0.57	0.37	-0.02	-0.42	0.85	-0.58	0.41	0.87	0.0	-0.63	0.55		0.78
Net Invested Capital	0.02	0.12	-0.25	0.69	-0.32	0.11	-0.27	-0.32	-0.07	-0.45	0.71	0.14	-0.24	0.58	0.41	-0.03	-0.37	0.75	-0.51	0.52	0.8	0.16	-0.58	0.92	0.78

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Shandong Hongchuang Account Relationship Matchups

Shandong Hongchuang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.3B	2.9B	2.6B	3.0B	3.4B	2.9B
Other Current Liab	326.1M	421.3M	405.1M	27.5M	31.6M	30.0M
Total Current Liabilities	873.4M	1.6B	1.2B	829.0M	746.1M	1.1B
Total Stockholder Equity	1.4B	1.3B	1.4B	2.0B	2.3B	1.3B
Retained Earnings	(75.4M)	(152.9M)	(130.0M)	(299.2M)	(269.2M)	(255.8M)
Accounts Payable	459.2M	842.5M	501.2M	520.4M	598.5M	478.2M
Cash	113.7M	323.1M	429.5M	269.6M	242.7M	336.0M
Other Assets	6.0M	13.7M	35.2M	36.0M	32.4M	30.8M
Net Receivables	188.6M	133.2M	98.0M	97.3M	111.9M	106.3M
Inventory	472.4M	633.6M	473.3M	654.5M	752.7M	790.4M
Other Current Assets	158.7M	150.0M	65.2M	334.8M	301.3M	168.4M
Total Liab	873.4M	1.6B	1.2B	953.2M	857.8M	1.2B
Intangible Assets	254.8M	248.8M	269.7M	262.5M	301.8M	184.9M
Property Plant Equipment	1.0B	951.6M	978.0M	1.0B	944.5M	765.6M
Net Tangible Assets	1.3B	1.2B	1.1B	1.1B	1.3B	1.2B
Total Current Assets	1.1B	1.8B	1.2B	1.7B	1.9B	1.3B
Non Current Assets Total	1.2B	1.2B	1.4B	1.3B	1.5B	1.2B
Non Currrent Assets Other	951.8M	16.4M	4.6M	46.2M	53.2M	50.5M
Non Current Liabilities Total	56.6M	47.5M	31.0M	124.2M	142.8M	150.0M
Net Invested Capital	1.5B	1.6B	1.6B	2.1B	2.4B	1.7B
Net Working Capital	199.5M	194.2M	63.6M	863.5M	777.2M	816.0M
Property Plant And Equipment Net	951.6M	919.0M	1.0B	954.5M	859.1M	785.4M
Property Plant And Equipment Gross	1.2B	1.3B	1.5B	954.5M	859.1M	984.1M

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Other Information on Investing in Shandong Stock

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

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Shandong Change To Inventory vs Capital Expenditures Analysis

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Inventory

Capital Expenditures

Shandong Hongchuang fundamental ratios Correlations

Shandong Hongchuang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Hongchuang fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 0.96	Cash
Total Liab	+ 0.95	Total Assets
Cash	+ 0.95	Total Current Liabilities
Total Current Liabilities	+ 0.94	Total Assets
Property Plant Equipment	+ 0.94	Total Assets

Other Liab	- 0.94	Common Stock
Other Liab	- 0.92	Intangible Assets
Short Term Debt	- 0.86	Non Current Assets Total
Long Term Investments	- 0.8	Intangible Assets
Short Term Debt	- 0.79	Net Tangible Assets
Non Current Assets Total	- 0.76	Long Term Investments