Offcn Net Income vs Change In Cash Analysis

002607 Stock

3.17 0.02 0.63%

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

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Offcn Education Tech Net Income account and Change In Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Offcn Education's Net Income and Change In Cash is 0.95. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Offcn Education Technology, assuming nothing else is changed. The correlation between historical values of Offcn Education's Net Income and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Offcn Education Technology are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Offcn Education's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Offcn Education Tech financial statement analysis. It represents the amount of money remaining after all of Offcn Education Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

Most indicators from Offcn Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Offcn Education Tech 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 Offcn Education Technology. 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 81.1 M, whereas Selling General Administrative is forecasted to decline to about 237 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	1.8B	1.7B	3.0B
Interest Income	58.2M	8.0M	524.0K	497.8K

Gross Profit Interest Income

Offcn Education fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Good Will	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other
Total Assets		0.86	0.98	0.77	0.58	-0.36	0.81	0.67	-0.21	-0.62	0.04	0.97	0.35	-0.28	0.51	0.61	0.7	0.8	0.62	0.74	0.76	0.19	0.86	0.71	0.7	-0.78
Other Current Liab	0.86		0.85	0.75	0.61	-0.43	0.74	0.45	-0.27	-0.5	0.03	0.82	0.22	-0.4	0.24	0.37	0.43	0.57	0.6	0.58	0.55	-0.12	0.67	0.69	0.69	-0.63
Total Current Liabilities	0.98	0.85		0.65	0.47	-0.28	0.75	0.71	-0.19	-0.66	-0.04	0.99	0.42	-0.23	0.61	0.63	0.77	0.84	0.51	0.82	0.77	0.28	0.88	0.65	0.63	-0.76
Total Stockholder Equity	0.77	0.75	0.65		0.93	-0.39	0.84	0.23	-0.2	-0.31	0.35	0.6	-0.18	-0.31	-0.11	0.36	0.17	0.41	0.94	0.22	0.45	-0.37	0.49	0.85	0.89	-0.49
Retained Earnings	0.58	0.61	0.47	0.93		-0.18	0.82	-0.02	-0.12	-0.18	0.41	0.4	-0.45	-0.16	-0.35	0.26	-0.03	0.22	0.99	-0.03	0.24	-0.59	0.33	0.87	0.93	-0.23
Accounts Payable	-0.36	-0.43	-0.28	-0.39	-0.18		-0.21	-0.4	0.71	0.58	-0.02	-0.29	-0.08	0.94	-0.13	0.28	-0.19	-0.37	-0.24	-0.37	-0.41	-0.16	-0.35	-0.21	-0.22	0.57
Cash	0.81	0.74	0.75	0.84	0.82	-0.21		0.18	-0.25	-0.33	-0.06	0.7	-0.08	-0.2	0.07	0.34	0.39	0.4	0.8	0.28	0.33	-0.21	0.71	0.88	0.96	-0.38
Other Assets	0.67	0.45	0.71	0.23	-0.02	-0.4	0.18		-0.15	-0.81	0.18	0.74	0.61	-0.32	0.84	0.48	0.73	0.9	0.09	0.91	0.88	0.71	0.74	0.14	0.07	-0.84
Net Receivables	-0.21	-0.27	-0.19	-0.2	-0.12	0.71	-0.25	-0.15		0.48	0.26	-0.19	0.26	0.84	-0.14	0.39	-0.31	-0.26	-0.16	-0.28	-0.26	-0.11	-0.26	-0.22	-0.21	0.29
Inventory	-0.62	-0.5	-0.66	-0.31	-0.18	0.58	-0.33	-0.81	0.48		-0.11	-0.65	-0.25	0.61	-0.62	-0.17	-0.66	-0.87	-0.29	-0.8	-0.85	-0.49	-0.68	-0.3	-0.27	0.74
Other Current Assets	0.04	0.03	-0.04	0.35	0.41	-0.02	-0.06	0.18	0.26	-0.11		-0.08	-0.37	0.03	-0.28	0.2	-0.36	0.17	0.45	-0.11	0.23	-0.33	-0.13	0.11	0.14	-0.1
Total Liab	0.97	0.82	0.99	0.6	0.4	-0.29	0.7	0.74	-0.19	-0.65	-0.08		0.49	-0.23	0.66	0.64	0.79	0.85	0.44	0.85	0.77	0.34	0.88	0.59	0.56	-0.78
Intangible Assets	0.35	0.22	0.42	-0.18	-0.45	-0.08	-0.08	0.61	0.26	-0.25	-0.37	0.49		0.08	0.75	0.43	0.59	0.42	-0.42	0.64	0.38	0.73	0.43	-0.24	-0.27	-0.5
Common Stock	-0.28	-0.4	-0.23	-0.31	-0.16	0.94	-0.2	-0.32	0.84	0.61	0.03	-0.23	0.08		-0.1	0.39	-0.17	-0.34	-0.21	-0.35	-0.37	-0.11	-0.31	-0.22	-0.2	0.46
Property Plant Equipment	0.51	0.24	0.61	-0.11	-0.35	-0.13	0.07	0.84	-0.14	-0.62	-0.28	0.66	0.75	-0.1		0.44	0.89	0.75	-0.27	0.88	0.67	0.9	0.67	-0.08	-0.15	-0.64
Other Liab	0.61	0.37	0.63	0.36	0.26	0.28	0.34	0.48	0.39	-0.17	0.2	0.64	0.43	0.39	0.44		0.5	0.56	0.29	0.48	0.54	0.2	0.43	0.28	0.27	-0.44
Long Term Debt	0.7	0.43	0.77	0.17	-0.03	-0.19	0.39	0.73	-0.31	-0.66	-0.36	0.79	0.59	-0.17	0.89	0.5		0.79	0.04	0.86	0.74	0.71	0.75	0.21	0.19	-0.67
Good Will	0.8	0.57	0.84	0.41	0.22	-0.37	0.4	0.9	-0.26	-0.87	0.17	0.85	0.42	-0.34	0.75	0.56	0.79		0.33	0.91	0.95	0.53	0.76	0.33	0.3	-0.83
Net Tangible Assets	0.62	0.6	0.51	0.94	0.99	-0.24	0.8	0.09	-0.16	-0.29	0.45	0.44	-0.42	-0.21	-0.27	0.29	0.04	0.33		0.06	0.36	-0.5	0.37	0.86	0.91	-0.32
Non Current Assets Total	0.74	0.58	0.82	0.22	-0.03	-0.37	0.28	0.91	-0.28	-0.8	-0.11	0.85	0.64	-0.35	0.88	0.48	0.86	0.91	0.06		0.88	0.67	0.75	0.23	0.11	-0.82
Non Currrent Assets Other	0.76	0.55	0.77	0.45	0.24	-0.41	0.33	0.88	-0.26	-0.85	0.23	0.77	0.38	-0.37	0.67	0.54	0.74	0.95	0.36	0.88		0.47	0.62	0.32	0.25	-0.84
Non Current Liabilities Total	0.19	-0.12	0.28	-0.37	-0.59	-0.16	-0.21	0.71	-0.11	-0.49	-0.33	0.34	0.73	-0.11	0.9	0.2	0.71	0.53	-0.5	0.67	0.47		0.46	-0.35	-0.41	-0.48
Deferred Long Term Liab	0.86	0.67	0.88	0.49	0.33	-0.35	0.71	0.74	-0.26	-0.68	-0.13	0.88	0.43	-0.31	0.67	0.43	0.75	0.76	0.37	0.75	0.62	0.46		0.56	0.57	-0.71
Short Long Term Debt	0.71	0.69	0.65	0.85	0.87	-0.21	0.88	0.14	-0.22	-0.3	0.11	0.59	-0.24	-0.22	-0.08	0.28	0.21	0.33	0.86	0.23	0.32	-0.35	0.56		0.89	-0.33
Total Current Assets	0.7	0.69	0.63	0.89	0.93	-0.22	0.96	0.07	-0.21	-0.27	0.14	0.56	-0.27	-0.2	-0.15	0.27	0.19	0.3	0.91	0.11	0.25	-0.41	0.57	0.89		-0.31
Non Current Liabilities Other	-0.78	-0.63	-0.76	-0.49	-0.23	0.57	-0.38	-0.84	0.29	0.74	-0.1	-0.78	-0.5	0.46	-0.64	-0.44	-0.67	-0.83	-0.32	-0.82	-0.84	-0.48	-0.71	-0.33	-0.31

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Offcn Education Account Relationship Matchups

Offcn Education fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.0B	14.4B	10.3B	8.0B	7.1B	5.7B
Other Current Liab	2.8B	5.2B	3.2B	4.1B	89.0M	84.6M
Total Current Liabilities	6.4B	10.0B	7.7B	6.7B	5.3B	3.7B
Total Stockholder Equity	3.4B	4.3B	1.9B	779.9M	567.1M	538.7M
Retained Earnings	2.1B	2.9B	546.3M	(555.7M)	(810.2M)	(769.7M)
Accounts Payable	236.5M	211.8M	282.0M	287.1M	234.0M	314.1M
Cash	2.7B	6.0B	2.0B	385.3M	378.5M	359.6M
Other Assets	1.3B	1.8B	3.1B	2.5B	2.9B	3.1B
Net Receivables	3.3M	21.5M	40.4M	37.3M	32.3M	52.7M
Other Current Assets	354.0M	179.3M	30.5M	2.7M	3.3M	3.2M
Total Liab	6.5B	10.1B	8.4B	7.2B	6.6B	4.1B
Intangible Assets	197.5M	426.4M	866.6M	1.2B	1.1B	1.1B
Property Plant Equipment	1.3B	1.8B	3.4B	3.4B	3.9B	4.1B
Other Liab	106.9M	104.7M	93.7M	88.4M	101.6M	72.1M
Net Tangible Assets	3.1B	3.7B	922.3M	(482.2M)	(434.0M)	(412.3M)
Non Current Assets Total	5.1B	5.0B	7.7B	7.4B	6.6B	5.5B
Non Currrent Assets Other	2.2B	1.2B	1.7B	1.7B	1.7B	1.4B
Non Current Liabilities Total	106.9M	104.7M	729.4M	597.1M	1.3B	1.3B
Deferred Long Term Liab	240.6M	441.0M	369.1M	276.2M	317.6M	315.5M
Short Long Term Debt	2.9B	4.0B	3.2B	149.3M	171.7M	163.1M
Total Current Assets	4.8B	9.4B	2.6B	621.4M	495.5M	470.7M
Net Debt	958.3M	142.7M	1.2B	701.8M	807.1M	762.6M
Net Invested Capital	6.3B	8.3B	5.0B	779.9M	1.6B	1.6B
Net Working Capital	(1.6B)	(616.4M)	(5.1B)	(6.0B)	(4.8B)	(4.6B)
Other Stockholder Equity	37.5M	30M	13.2M	6.4M	5.7M	5.5M

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Other Information on Investing in Offcn Stock

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

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Offcn Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

Offcn Education fundamental ratios Correlations

Offcn Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Offcn Education fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Retained Earnings
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.97	Total Assets
Total Current Assets	+ 0.96	Cash
Non Currrent Assets Other	+ 0.95	Good Will

Good Will	- 0.87	Inventory
Non Currrent Assets Other	- 0.85	Inventory
Non Current Liabilities Other	- 0.84	Non Currrent Assets Other
Non Current Liabilities Other	- 0.84	Other Assets
Non Current Liabilities Other	- 0.83	Good Will
Non Current Liabilities Other	- 0.82	Non Current Assets Total