Shandong Change In Working Capital vs Free Cash Flow Analysis

002476 Stock

4.64 0.02 0.43%

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

Change In Working Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Polymer Bio Change In Working Capital account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shandong Polymer's Change In Working Capital and Free Cash Flow is 0.83. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Shandong Polymer Biochemicals, assuming nothing else is changed. The correlation between historical values of Shandong Polymer's Change In Working Capital and Free Cash Flow 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 Shandong Polymer Biochemicals are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Working Capital i.e., Shandong Polymer's Change In Working Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Free Cash Flow

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

Most indicators from Shandong Polymer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Polymer Bio 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 Polymer Biochemicals. 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 5.7 M, whereas Selling General Administrative is forecasted to decline to about 13.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	100.1M	129.6M	65.1M	76.5M
Total Revenue	657.2M	592.3M	387.3M	442.4M

Gross Profit Total Revenue

Shandong Polymer fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.11	-0.17	0.4	0.87	0.77	0.19	0.01	0.49	0.58	0.03	0.87	0.16	0.75	0.03	0.72	0.75	-0.51	0.43	0.28	0.51	0.78	-0.11	0.67	0.61	0.82
Short Long Term Debt Total	0.11		-0.13	0.5	-0.17	0.62	0.02	0.56	0.35	0.46	-0.4	0.48	-0.11	0.61	-0.4	-0.08	-0.38	-0.16	0.28	-0.02	0.59	-0.39	0.76	0.55	-0.31	0.53
Other Current Liab	-0.17	-0.13		-0.13	-0.1	-0.2	-0.13	-0.14	-0.19	0.02	0.05	-0.33	-0.47	-0.01	0.05	-0.04	-0.01	0.02	0.35	-0.01	-0.09	0.1	-0.1	0.03	0.0	-0.31
Total Current Liabilities	0.4	0.5	-0.13		-0.06	0.6	0.06	0.63	0.19	0.87	-0.48	0.58	-0.1	0.73	-0.48	0.48	-0.12	-0.26	0.09	-0.47	0.87	0.03	0.36	0.36	0.17	0.56
Total Stockholder Equity	0.87	-0.17	-0.1	-0.06		0.48	0.26	-0.32	0.5	0.2	0.26	0.59	0.21	0.41	0.26	0.59	0.87	-0.43	0.47	0.54	0.04	0.89	-0.31	0.47	0.59	0.53
Property Plant And Equipment Net	0.77	0.62	-0.2	0.6	0.48		0.13	0.37	0.5	0.73	-0.26	0.92	-0.13	0.87	-0.26	0.49	0.31	-0.48	0.46	0.14	0.79	0.29	0.35	0.77	0.28	0.94
Current Deferred Revenue	0.19	0.02	-0.13	0.06	0.26	0.13		-0.13	0.44	-0.12	0.12	0.05	-0.14	0.21	0.12	0.17	0.07	-0.33	0.29	0.18	-0.05	0.3	-0.18	0.22	-0.02	0.12
Net Debt	0.01	0.56	-0.14	0.63	-0.32	0.37	-0.13		0.42	0.55	-0.97	0.34	-0.08	0.43	-0.97	0.36	-0.54	0.24	0.2	-0.34	0.46	-0.41	0.73	-0.02	-0.3	0.37
Retained Earnings	0.49	0.35	-0.19	0.19	0.5	0.5	0.44	0.42		0.3	-0.48	0.48	-0.02	0.44	-0.48	0.63	0.06	-0.15	0.51	0.47	0.06	0.32	0.41	0.26	-0.19	0.52
Accounts Payable	0.58	0.46	0.02	0.87	0.2	0.73	-0.12	0.55	0.3		-0.46	0.68	-0.16	0.79	-0.46	0.62	0.08	-0.22	0.24	-0.17	0.85	0.23	0.35	0.47	0.23	0.64
Cash	0.03	-0.4	0.05	-0.48	0.26	-0.26	0.12	-0.97	-0.48	-0.46		-0.23	0.1	-0.31	1.0	-0.41	0.52	-0.35	-0.25	0.23	-0.28	0.34	-0.69	0.16	0.35	-0.28
Non Current Assets Total	0.87	0.48	-0.33	0.58	0.59	0.92	0.05	0.34	0.48	0.68	-0.23		0.21	0.85	-0.23	0.54	0.48	-0.43	0.41	0.08	0.72	0.38	0.22	0.71	0.45	0.97
Non Currrent Assets Other	0.16	-0.11	-0.47	-0.1	0.21	-0.13	-0.14	-0.08	-0.02	-0.16	0.1	0.21		-0.08	0.1	-0.1	0.33	0.25	-0.11	-0.06	-0.18	0.02	-0.09	-0.13	0.31	0.06
Other Assets	0.75	0.61	-0.01	0.73	0.41	0.87	0.21	0.43	0.44	0.79	-0.31	0.85	-0.08		-0.31	0.52	0.25	-0.38	0.54	-0.01	0.83	0.33	0.3	0.77	0.35	0.85
Cash And Short Term Investments	0.03	-0.4	0.05	-0.48	0.26	-0.26	0.12	-0.97	-0.48	-0.46	1.0	-0.23	0.1	-0.31		-0.41	0.52	-0.35	-0.25	0.23	-0.28	0.34	-0.69	0.16	0.35	-0.28
Net Receivables	0.72	-0.08	-0.04	0.48	0.59	0.49	0.17	0.36	0.63	0.62	-0.41	0.54	-0.1	0.52	-0.41		0.35	-0.2	0.29	0.18	0.33	0.68	0.03	0.22	0.28	0.52
Common Stock Shares Outstanding	0.75	-0.38	-0.01	-0.12	0.87	0.31	0.07	-0.54	0.06	0.08	0.52	0.48	0.33	0.25	0.52	0.35		-0.45	0.29	0.27	0.05	0.82	-0.58	0.39	0.82	0.37
Inventory	-0.51	-0.16	0.02	-0.26	-0.43	-0.48	-0.33	0.24	-0.15	-0.22	-0.35	-0.43	0.25	-0.38	-0.35	-0.2	-0.45		-0.31	0.06	-0.34	-0.43	0.23	-0.55	-0.39	-0.45
Other Current Assets	0.43	0.28	0.35	0.09	0.47	0.46	0.29	0.2	0.51	0.24	-0.25	0.41	-0.11	0.54	-0.25	0.29	0.29	-0.31		0.13	0.12	0.3	0.22	0.35	0.26	0.42
Other Stockholder Equity	0.28	-0.02	-0.01	-0.47	0.54	0.14	0.18	-0.34	0.47	-0.17	0.23	0.08	-0.06	-0.01	0.23	0.18	0.27	0.06	0.13		-0.31	0.43	0.02	0.27	-0.24	0.14
Total Liab	0.51	0.59	-0.09	0.87	0.04	0.79	-0.05	0.46	0.06	0.85	-0.28	0.72	-0.18	0.83	-0.28	0.33	0.05	-0.34	0.12	-0.31		0.04	0.27	0.66	0.28	0.72
Total Current Assets	0.78	-0.39	0.1	0.03	0.89	0.29	0.3	-0.41	0.32	0.23	0.34	0.38	0.02	0.33	0.34	0.68	0.82	-0.43	0.3	0.43	0.04		-0.49	0.36	0.59	0.32
Short Term Debt	-0.11	0.76	-0.1	0.36	-0.31	0.35	-0.18	0.73	0.41	0.35	-0.69	0.22	-0.09	0.3	-0.69	0.03	-0.58	0.23	0.22	0.02	0.27	-0.49		0.0	-0.55	0.27
Intangible Assets	0.67	0.55	0.03	0.36	0.47	0.77	0.22	-0.02	0.26	0.47	0.16	0.71	-0.13	0.77	0.16	0.22	0.39	-0.55	0.35	0.27	0.66	0.36	0.0		0.3	0.73
Common Stock	0.61	-0.31	0.0	0.17	0.59	0.28	-0.02	-0.3	-0.19	0.23	0.35	0.45	0.31	0.35	0.35	0.28	0.82	-0.39	0.26	-0.24	0.28	0.59	-0.55	0.3		0.29
Property Plant Equipment	0.82	0.53	-0.31	0.56	0.53	0.94	0.12	0.37	0.52	0.64	-0.28	0.97	0.06	0.85	-0.28	0.52	0.37	-0.45	0.42	0.14	0.72	0.32	0.27	0.73	0.29

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Shandong Polymer Account Relationship Matchups

Shandong Polymer fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	965.3M	1.0B	992.4M	1.0B	964.2M	1.1B
Short Long Term Debt Total	66.1M	43.1M	1.6M	11.4M	21.9M	20.8M
Other Current Liab	593.2K	502.6K	12.0M	22.8M	180.1K	171.1K
Total Current Liabilities	146.5M	108.5M	150.7M	169.1M	85.8M	127.8M
Total Stockholder Equity	808.8M	822.0M	840.0M	869.6M	877.1M	852.9M
Property Plant And Equipment Net	240.2M	390.0M	200.8M	182.4M	156.4M	148.6M
Current Deferred Revenue	2.7M	6.4M	74.1M	351.7K	18.8M	25.2M
Net Debt	(349.0M)	(318.8M)	(399.4M)	(294.2M)	(245.2M)	(257.5M)
Retained Earnings	(31.7M)	(18.5M)	(532.3K)	29.1M	33.4M	61.4M
Accounts Payable	85.0M	58.5M	63.1M	134.6M	45.0M	42.8M
Cash	415.1M	361.8M	401.0M	305.6M	267.1M	283.2M
Non Current Assets Total	400.4M	441.1M	237.3M	278.2M	347.3M	441.3M
Non Currrent Assets Other	122.1M	1.2M	10.8M	359.8K	101.3M	106.3M
Cash And Short Term Investments	415.1M	361.8M	401.0M	305.6M	267.1M	283.2M
Net Receivables	42.3M	127.9M	248.1M	365.1M	207.0M	241.2M
Liabilities And Stockholders Equity	965.3M	1.0B	992.4M	1.0B	964.2M	1.1B
Inventory	91.2M	65.7M	82.0M	84.5M	140.0M	91.9M
Other Current Assets	16.2M	13.5M	24.1M	6.6M	2.8M	2.7M
Other Stockholder Equity	226.6M	226.6M	175.0M	175.0M	229.4M	188.1M
Total Liab	156.5M	188.0M	152.4M	170.4M	87.1M	82.7M
Total Current Assets	564.9M	568.9M	755.1M	761.7M	616.9M	649.6M
Short Term Debt	58.1M	43.1M	1.4M	11.4M	21.9M	20.8M
Intangible Assets	12.0M	11.3M	10.7M	10.2M	9.0M	8.5M
Property Plant Equipment	240.2M	390.0M	200.8M	182.4M	209.8M	367.8M
Non Current Liabilities Total	10.0M	79.6M	1.7M	1.3M	1.2M	1.2M
Other Liab	2.0M	1.7M	1.5M	1.3M	1.1M	1.1M
Short Term Investments	(724.6K)	(18.6M)	0.0	311.1K	(2.0)	(2.1)
Net Tangible Assets	796.9M	810.7M	829.3M	859.4M	773.5M	684.3M
Deferred Long Term Liab	1.5M	1.1M	724.6K	11.4M	13.2M	13.8M
Short Long Term Debt	30M	28.1M	30.4M	10M	21.9M	19.1M
Net Invested Capital	844.9M	852.4M	840.0M	879.6M	898.9M	701.0M
Net Working Capital	418.4M	460.5M	604.4M	592.7M	531.0M	558.6M

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Balance Sheet is a snapshot of the financial position of Shandong Polymer Bio at a specified time, usually calculated after every quarter, six months, or one year. Shandong Polymer Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Polymer 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 In Working Capital vs Free Cash Flow Analysis

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change In Working Capital

Free Cash Flow

Shandong Polymer fundamental ratios Correlations

Shandong Polymer Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Polymer fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 0.97	Non Current Assets Total
Property Plant Equipment	+ 0.94	Property Plant And Equipment Net
Non Current Assets Total	+ 0.92	Property Plant And Equipment Net
Total Current Assets	+ 0.89	Total Stockholder Equity
Total Stockholder Equity	+ 0.87	Total Assets

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Short Term Debt	- 0.69	Cash And Short Term Investments
Short Term Debt	- 0.69	Cash
Short Term Debt	- 0.58	Common Stock Shares Outstanding
Common Stock	- 0.55	Short Term Debt