Hunan Free Cash Flow vs Depreciation Analysis

002397 Stock

3.20 0.02 0.63%

Hunan Mendale financial indicator trend analysis is much more than just examining Hunan Mendale Hometextile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Mendale Hometextile is a good investment. Please check the relationship between Hunan Mendale Free Cash Flow and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Mendale Hometextile. 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.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hunan Mendale Hometextile Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hunan Mendale's Free Cash Flow and Depreciation is 0.7. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Hunan Mendale Hometextile, assuming nothing else is changed. The correlation between historical values of Hunan Mendale's Free Cash Flow 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 Free Cash Flow of Hunan Mendale Hometextile 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 Free Cash Flow i.e., Hunan Mendale's Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Depreciation

Depreciation indicates how much of Hunan Mendale Hometextile value has been used up. For tax purposes Hunan Mendale can deduct the cost of the tangible assets it purchases as business expenses. However, Hunan Mendale Hometextile 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 Hunan Mendale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Mendale Hometextile 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 Hunan Mendale Hometextile. 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 540.6 M, whereas Tax Provision is forecasted to decline to about 12.4 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	17.8M	15.3M	13.7M	16.3M
Gross Profit	929.7M	672.5M	889.2M	944.5M

Other Operating Expenses Gross Profit

Hunan Mendale fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will
Total Assets		0.37	0.88	0.9	0.57	0.21	0.79	0.72	0.63	0.45	0.71	0.96	0.76	0.89	0.87	0.87	0.9	0.25	0.67	0.47	0.84	0.37	0.76	0.74	-0.52	-0.52
Other Current Liab	0.37		0.31	0.34	0.41	0.36	0.19	0.22	-0.07	0.41	0.53	0.41	0.44	0.34	0.25	0.28	0.19	0.29	-0.29	-0.09	-0.02	0.33	0.32	0.0	0.09	0.08
Total Current Liabilities	0.88	0.31		0.59	0.54	-0.18	0.96	0.42	0.81	0.23	0.39	0.8	0.68	1.0	0.92	0.84	0.93	-0.09	0.54	0.76	0.87	0.2	0.53	0.9	-0.78	-0.8
Total Stockholder Equity	0.9	0.34	0.59		0.43	0.5	0.5	0.84	0.33	0.47	0.83	0.91	0.68	0.61	0.61	0.7	0.69	0.53	0.64	0.13	0.62	0.39	0.79	0.44	-0.21	-0.18
Other Liab	0.57	0.41	0.54	0.43		0.08	0.48	0.17	0.45	0.69	0.51	0.5	0.31	0.58	0.68	0.74	0.56	0.2	0.11	0.29	0.39	0.67	0.26	0.32	-0.26	-0.29
Retained Earnings	0.21	0.36	-0.18	0.5	0.08		-0.29	0.39	-0.57	0.4	0.77	0.28	0.42	-0.16	-0.02	0.07	-0.11	0.42	0.02	-0.67	-0.13	0.28	0.59	-0.39	0.51	0.62
Accounts Payable	0.79	0.19	0.96	0.5	0.48	-0.29		0.32	0.83	0.07	0.23	0.72	0.57	0.95	0.85	0.8	0.93	-0.09	0.49	0.82	0.82	0.06	0.36	0.87	-0.83	-0.87
Cash	0.72	0.22	0.42	0.84	0.17	0.39	0.32		0.2	0.36	0.59	0.71	0.51	0.43	0.39	0.46	0.48	0.45	0.71	0.03	0.48	0.5	0.77	0.28	-0.02	-0.06
Other Assets	0.63	-0.07	0.81	0.33	0.45	-0.57	0.83	0.2		0.01	0.03	0.53	0.23	0.81	0.73	0.67	0.76	-0.17	0.53	0.9	0.77	0.08	0.15	0.9	-0.84	-0.9
Long Term Debt	0.45	0.41	0.23	0.47	0.69	0.4	0.07	0.36	0.01		0.59	0.43	0.31	0.29	0.47	0.47	0.3	0.25	0.26	-0.2	0.32	0.75	0.5	0.08	0.19	0.19
Net Receivables	0.71	0.53	0.39	0.83	0.51	0.77	0.23	0.59	0.03	0.59		0.7	0.64	0.42	0.52	0.63	0.43	0.43	0.32	-0.17	0.35	0.46	0.77	0.16	0.06	0.13
Inventory	0.96	0.41	0.8	0.91	0.5	0.28	0.72	0.71	0.53	0.43	0.7		0.77	0.81	0.75	0.75	0.81	0.35	0.59	0.37	0.75	0.34	0.76	0.65	-0.44	-0.42
Other Current Assets	0.76	0.44	0.68	0.68	0.31	0.42	0.57	0.51	0.23	0.31	0.64	0.77		0.68	0.65	0.55	0.61	-0.01	0.39	0.3	0.61	0.18	0.8	0.53	-0.46	-0.36
Total Liab	0.89	0.34	1.0	0.61	0.58	-0.16	0.95	0.43	0.81	0.29	0.42	0.81	0.68		0.93	0.86	0.93	-0.07	0.54	0.74	0.87	0.24	0.54	0.89	-0.76	-0.78
Intangible Assets	0.87	0.25	0.92	0.61	0.68	-0.02	0.85	0.39	0.73	0.47	0.52	0.75	0.65	0.93		0.94	0.88	-0.13	0.61	0.61	0.9	0.35	0.6	0.83	-0.65	-0.66
Common Stock	0.87	0.28	0.84	0.7	0.74	0.07	0.8	0.46	0.67	0.47	0.63	0.75	0.55	0.86	0.94		0.88	0.13	0.56	0.51	0.78	0.42	0.54	0.69	-0.52	-0.55
Property Plant Equipment	0.9	0.19	0.93	0.69	0.56	-0.11	0.93	0.48	0.76	0.3	0.43	0.81	0.61	0.93	0.88	0.88		0.14	0.61	0.67	0.89	0.16	0.47	0.84	-0.71	-0.72
Short Term Investments	0.25	0.29	-0.09	0.53	0.2	0.42	-0.09	0.45	-0.17	0.25	0.43	0.35	-0.01	-0.07	-0.13	0.13	0.14		-0.04	-0.38	-0.16	0.24	0.06	-0.28	0.39	0.37
Net Tangible Assets	0.67	-0.29	0.54	0.64	0.11	0.02	0.49	0.71	0.53	0.26	0.32	0.59	0.39	0.54	0.61	0.56	0.61	-0.04		0.37	0.82	0.24	0.66	0.65	-0.39	-0.4
Other Stockholder Equity	0.47	-0.09	0.76	0.13	0.29	-0.67	0.82	0.03	0.9	-0.2	-0.17	0.37	0.3	0.74	0.61	0.51	0.67	-0.38	0.37		0.67	-0.12	0.03	0.86	-0.96	-0.99
Deferred Long Term Liab	0.84	-0.02	0.87	0.62	0.39	-0.13	0.82	0.48	0.77	0.32	0.35	0.75	0.61	0.87	0.9	0.78	0.89	-0.16	0.82	0.67		0.14	0.6	0.93	-0.73	-0.71
Long Term Investments	0.37	0.33	0.2	0.39	0.67	0.28	0.06	0.5	0.08	0.75	0.46	0.34	0.18	0.24	0.35	0.42	0.16	0.24	0.24	-0.12	0.14		0.47	-0.04	0.23	0.13
Total Current Assets	0.76	0.32	0.53	0.79	0.26	0.59	0.36	0.77	0.15	0.5	0.77	0.76	0.8	0.54	0.6	0.54	0.47	0.06	0.66	0.03	0.6	0.47		0.39	-0.12	-0.08
Non Current Assets Total	0.74	0.0	0.9	0.44	0.32	-0.39	0.87	0.28	0.9	0.08	0.16	0.65	0.53	0.89	0.83	0.69	0.84	-0.28	0.65	0.86	0.93	-0.04	0.39		-0.89	-0.88
Non Currrent Assets Other	-0.52	0.09	-0.78	-0.21	-0.26	0.51	-0.83	-0.02	-0.84	0.19	0.06	-0.44	-0.46	-0.76	-0.65	-0.52	-0.71	0.39	-0.39	-0.96	-0.73	0.23	-0.12	-0.89		0.97
Good Will	-0.52	0.08	-0.8	-0.18	-0.29	0.62	-0.87	-0.06	-0.9	0.19	0.13	-0.42	-0.36	-0.78	-0.66	-0.55	-0.72	0.37	-0.4	-0.99	-0.71	0.13	-0.08	-0.88	0.97

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Hunan Mendale Account Relationship Matchups

Hunan Mendale fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	3.4B	3.4B	2.8B	2.6B	2.4B
Other Current Liab	151.0M	167.2M	238.4M	261.1M	11.4M	10.9M
Total Current Liabilities	1.3B	1.5B	1.7B	1.5B	1.4B	958.1M
Total Stockholder Equity	1.9B	1.8B	1.6B	1.1B	1.2B	1.3B
Other Liab	31.3M	34.7M	25.2M	40.8M	46.9M	23.9M
Retained Earnings	505.6M	401.0M	200.2M	(354.8M)	(332.4M)	(315.7M)
Accounts Payable	565.9M	772.9M	710.1M	721.3M	782.2M	444.2M
Cash	550.1M	526.1M	403.5M	290.6M	356.8M	416.5M
Other Assets	231.0M	199.7M	241.4M	370.8M	426.4M	447.7M
Net Receivables	521.6M	353.7M	464.1M	172.5M	123.6M	117.4M
Inventory	718.2M	790.9M	766.4M	611.3M	523.4M	561.7M
Other Current Assets	126.2M	139.9M	118.5M	48.8M	30.8M	29.3M
Total Liab	1.4B	1.5B	1.8B	1.6B	1.5B	1.0B
Intangible Assets	143.7M	136.0M	143.0M	137.3M	136.9M	82.0M
Common Stock	779.8M	764.1M	758.3M	756.0M	869.4M	452.5M
Property Plant Equipment	1.1B	1.1B	1.0B	1.1B	1.2B	722.2M
Net Tangible Assets	1.8B	1.7B	1.6B	1.4B	1.6B	1.7B
Other Stockholder Equity	2.2M	4.0M	4.6M	5.0M	5.8M	6.1M
Deferred Long Term Liab	178.6M	166.6M	142.7M	125.6M	144.4M	126.4M
Total Current Assets	1.9B	1.9B	1.8B	1.2B	1.1B	1.3B
Non Current Assets Total	1.6B	1.5B	1.7B	1.6B	1.5B	1.6B
Non Currrent Assets Other	8.4M	3.2M	1.7M	10.5M	2.1M	2.0M
Non Current Liabilities Total	80.4M	32.3M	74.6M	108.9M	42.0M	63.4M
Short Long Term Debt	511M	495M	729.0M	473.3M	283.4M	497.5M
Non Current Liabilities Other	30.3M	974.2K	100.6K	329.1K	296.1K	281.3K
Common Stock Shares Outstanding	764.1M	758.3M	756.0M	754.4M	750.8M	825.0M
Net Invested Capital	2.5B	2.3B	2.3B	1.6B	1.4B	1.7B
Net Working Capital	572.9M	372.7M	19.4M	(343.9M)	(338.7M)	(321.8M)
Capital Stock	764.1M	758.3M	756.0M	754.4M	750.8M	608.4M

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Other Information on Investing in Hunan Stock

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

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Hunan Free Cash Flow vs Depreciation Analysis

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow

Depreciation

Hunan Mendale fundamental ratios Correlations

Hunan Mendale Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hunan Mendale fundamental ratios Accounts

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Other Information on Investing in Hunan Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Good Will	+ 0.97	Non Currrent Assets Other
Inventory	+ 0.96	Total Assets
Accounts Payable	+ 0.96	Total Current Liabilities
Total Liab	+ 0.95	Accounts Payable
Common Stock	+ 0.94	Intangible Assets

Good Will	- 0.99	Other Stockholder Equity
Non Currrent Assets Other	- 0.96	Other Stockholder Equity
Good Will	- 0.9	Other Assets
Non Currrent Assets Other	- 0.89	Non Current Assets Total
Good Will	- 0.88	Non Current Assets Total
Good Will	- 0.87	Accounts Payable