Elite Net Borrowings vs Capital Expenditures Analysis

002998 Stock

6.75 0.06 0.90%

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

Net Borrowings vs Capital Expenditures

Net Borrowings vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Color Environmental Net Borrowings account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.

The correlation between Elite Color's Net Borrowings and Capital Expenditures is 0.66. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Elite Color Environmental, assuming nothing else is changed. The correlation between historical values of Elite Color's Net Borrowings 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 Net Borrowings of Elite Color Environmental 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 Net Borrowings i.e., Elite Color's Net Borrowings and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Capital Expenditures

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

Most indicators from Elite Color's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Color Environmental 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 Elite Color Environmental. 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.

As of November 30, 2024, Tax Provision is expected to decline to about 10.6 M. In addition to that, Selling General Administrative is expected to decline to about 21.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	203.3M	180.7M	264.2M	213.3M
Total Revenue	1.6B	2.3B	2.4B	1.7B

Gross Profit Total Revenue

Elite Color fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		-0.03	0.62	0.97	0.89	0.94	0.97	0.81	0.91	0.97	0.23	-0.19	-0.8	0.81	0.96	0.82	0.89	-0.93	0.97	0.97	0.79	0.91	0.96	0.4	0.9	0.99
Other Current Liab	-0.03		0.35	-0.07	0.12	-0.06	0.0	0.01	-0.15	0.11	-0.47	-0.18	-0.16	-0.24	0.1	-0.15	0.06	-0.1	0.11	-0.16	0.37	-0.16	0.11	0.61	-0.13	-0.11
Total Current Liabilities	0.62	0.35		0.5	0.69	0.44	0.6	0.9	0.58	0.68	-0.38	-0.53	-0.61	0.45	0.72	0.5	0.74	-0.63	0.65	0.52	0.76	0.31	0.67	0.57	0.41	0.53
Total Stockholder Equity	0.97	-0.07	0.5		0.9	0.99	0.98	0.7	0.85	0.95	0.35	-0.01	-0.86	0.71	0.91	0.78	0.76	-0.95	0.93	0.93	0.75	0.97	0.93	0.3	0.97	0.97
Other Liab	0.89	0.12	0.69	0.9		0.89	0.95	0.83	0.7	0.94	0.23	-0.06	-0.93	0.58	0.83	0.75	0.74	-0.94	0.95	0.8	0.89	0.83	0.91	0.46	0.84	0.83
Net Tangible Assets	0.94	-0.06	0.44	0.99	0.89		0.97	0.66	0.8	0.93	0.34	0.01	-0.84	0.62	0.87	0.72	0.7	-0.92	0.92	0.89	0.71	0.98	0.92	0.26	0.95	0.94
Retained Earnings	0.97	0.0	0.6	0.98	0.95	0.97		0.79	0.81	0.98	0.29	-0.1	-0.89	0.7	0.93	0.82	0.8	-0.97	0.97	0.91	0.83	0.94	0.97	0.38	0.93	0.95
Accounts Payable	0.81	0.01	0.9	0.7	0.83	0.66	0.79		0.73	0.83	-0.12	-0.47	-0.68	0.64	0.83	0.7	0.86	-0.75	0.83	0.74	0.78	0.57	0.83	0.41	0.6	0.74
Cash	0.91	-0.15	0.58	0.85	0.7	0.8	0.81	0.73		0.79	0.09	-0.19	-0.59	0.78	0.88	0.61	0.88	-0.75	0.8	0.97	0.58	0.76	0.8	0.2	0.78	0.92
Non Current Assets Total	0.97	0.11	0.68	0.95	0.94	0.93	0.98	0.83	0.79		0.19	-0.24	-0.87	0.73	0.95	0.85	0.85	-0.96	0.98	0.88	0.86	0.89	0.99	0.51	0.89	0.94
Non Currrent Assets Other	0.23	-0.47	-0.38	0.35	0.23	0.34	0.29	-0.12	0.09	0.19		0.68	-0.31	0.37	0.04	0.45	-0.04	-0.34	0.23	0.26	0.16	0.47	0.12	-0.11	0.46	0.28
Other Assets	-0.19	-0.18	-0.53	-0.01	-0.06	0.01	-0.1	-0.47	-0.19	-0.24	0.68		-0.11	-0.27	-0.34	-0.23	-0.49	0.01	-0.18	-0.13	-0.12	0.07	-0.32	-0.38	0.13	-0.16
Net Receivables	-0.8	-0.16	-0.61	-0.86	-0.93	-0.84	-0.89	-0.68	-0.59	-0.87	-0.31	-0.11		-0.49	-0.73	-0.7	-0.57	0.94	-0.84	-0.68	-0.83	-0.79	-0.82	-0.52	-0.87	-0.75
Non Current Liabilities Total	0.81	-0.24	0.45	0.71	0.58	0.62	0.7	0.64	0.78	0.73	0.37	-0.27	-0.49		0.76	0.88	0.85	-0.7	0.74	0.83	0.58	0.67	0.72	0.44	0.67	0.83
Inventory	0.96	0.1	0.72	0.91	0.83	0.87	0.93	0.83	0.88	0.95	0.04	-0.34	-0.73	0.76		0.77	0.9	-0.89	0.92	0.91	0.82	0.82	0.95	0.41	0.83	0.94
Other Current Assets	0.82	-0.15	0.5	0.78	0.75	0.72	0.82	0.7	0.61	0.85	0.45	-0.23	-0.7	0.88	0.77		0.75	-0.84	0.82	0.73	0.74	0.76	0.83	0.53	0.76	0.81
Total Liab	0.89	0.06	0.74	0.76	0.74	0.7	0.8	0.86	0.88	0.85	-0.04	-0.49	-0.57	0.85	0.9	0.75		-0.75	0.87	0.89	0.72	0.66	0.87	0.52	0.63	0.87
Deferred Long Term Liab	-0.93	-0.1	-0.63	-0.95	-0.94	-0.92	-0.97	-0.75	-0.75	-0.96	-0.34	0.01	0.94	-0.7	-0.89	-0.84	-0.75		-0.94	-0.84	-0.89	-0.89	-0.93	-0.51	-0.94	-0.9
Short Long Term Debt	0.97	0.11	0.65	0.93	0.95	0.92	0.97	0.83	0.8	0.98	0.23	-0.18	-0.84	0.74	0.92	0.82	0.87	-0.94		0.9	0.87	0.88	0.97	0.49	0.84	0.93
Total Current Assets	0.97	-0.16	0.52	0.93	0.8	0.89	0.91	0.74	0.97	0.88	0.26	-0.13	-0.68	0.83	0.91	0.73	0.89	-0.84	0.9		0.66	0.88	0.88	0.26	0.86	0.98
Intangible Assets	0.79	0.37	0.76	0.75	0.89	0.71	0.83	0.78	0.58	0.86	0.16	-0.12	-0.83	0.58	0.82	0.74	0.72	-0.89	0.87	0.66		0.64	0.82	0.58	0.69	0.71
Common Stock	0.91	-0.16	0.31	0.97	0.83	0.98	0.94	0.57	0.76	0.89	0.47	0.07	-0.79	0.67	0.82	0.76	0.66	-0.89	0.88	0.88	0.64		0.88	0.22	0.95	0.93
Property Plant Equipment	0.96	0.11	0.67	0.93	0.91	0.92	0.97	0.83	0.8	0.99	0.12	-0.32	-0.82	0.72	0.95	0.83	0.87	-0.93	0.97	0.88	0.82	0.88		0.51	0.85	0.94
Net Debt	0.4	0.61	0.57	0.3	0.46	0.26	0.38	0.41	0.2	0.51	-0.11	-0.38	-0.52	0.44	0.41	0.53	0.52	-0.51	0.49	0.26	0.58	0.22	0.51		0.26	0.34
Common Stock Shares Outstanding	0.9	-0.13	0.41	0.97	0.84	0.95	0.93	0.6	0.78	0.89	0.46	0.13	-0.87	0.67	0.83	0.76	0.63	-0.94	0.84	0.86	0.69	0.95	0.85	0.26		0.92
Net Invested Capital	0.99	-0.11	0.53	0.97	0.83	0.94	0.95	0.74	0.92	0.94	0.28	-0.16	-0.75	0.83	0.94	0.81	0.87	-0.9	0.93	0.98	0.71	0.93	0.94	0.34	0.92

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Elite Color Account Relationship Matchups

Elite Color fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.6B	1.8B	2.6B	2.5B	1.8B
Other Current Liab	16.2M	24.1M	39.1M	20.4M	885.5K	841.3K
Total Current Liabilities	480.6M	229.6M	366.7M	435.1M	215.8M	348.2M
Total Stockholder Equity	836.4M	1.4B	1.5B	1.6B	1.7B	1.2B
Other Liab	6.8M	10.1M	11.8M	10.0M	11.4M	8.2M
Net Tangible Assets	638.7M	728.7M	1.3B	1.4B	1.6B	922.2M
Retained Earnings	364.1M	499.2M	567.4M	594.1M	673.0M	449.0M
Accounts Payable	205.6M	112.0M	147.3M	182.6M	153.9M	152.5M
Cash	260.1M	300.3M	311.6M	899.3M	482.8M	355.2M
Non Current Assets Total	800.9M	861.6M	1.1B	1.1B	1.3B	944.4M
Non Currrent Assets Other	1.6M	99.2M	17.8M	19.3M	96.4M	101.3M
Other Assets	8.5M	7.7M	107.8M	25.4M	29.2M	47.6M
Net Receivables	128.1M	68.0M	91.2M	119.8M	118.1M	100.3M
Non Current Liabilities Total	80.1M	11.8M	10.0M	517.5M	543.1M	570.3M
Inventory	161.8M	130.0M	263.2M	324.7M	258.1M	204.3M
Other Current Assets	46.3M	33.5M	57.9M	57.5M	121.5M	127.6M
Total Liab	560.7M	241.4M	376.7M	952.6M	758.9M	533.1M
Deferred Long Term Liab	252.4K	293.2K	80.3K	73.9K	66.5K	63.2K
Short Long Term Debt	131M	136.2M	150.2M	192.1M	220.9M	136.3M
Total Current Assets	596.2M	782.9M	723.8M	1.4B	1.2B	823.4M
Intangible Assets	107.6M	105.2M	114.7M	111.9M	109.2M	114.8M
Property Plant Equipment	685.5M	648.6M	984.8M	997.2M	1.1B	723.0M
Net Invested Capital	1.0B	1.4B	1.6B	2.3B	2.2B	1.6B
Net Working Capital	115.6M	553.3M	357.1M	1.0B	991.3M	514.1M

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Other Information on Investing in Elite Stock

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

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Elite Net Borrowings vs Capital Expenditures Analysis

Net Borrowings vs Capital Expenditures

Net Borrowings vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Borrowings

Capital Expenditures

Elite Color fundamental ratios Correlations

Elite Color Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elite Color fundamental ratios Accounts

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Other Information on Investing in Elite Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.99	Non Current Assets Total
Retained Earnings	+ 0.98	Total Stockholder Equity
Common Stock	+ 0.98	Net Tangible Assets
Non Current Assets Total	+ 0.98	Retained Earnings

Deferred Long Term Liab	- 0.97	Retained Earnings
Deferred Long Term Liab	- 0.96	Non Current Assets Total
Deferred Long Term Liab	- 0.95	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.94	Deferred Long Term Liab
Short Long Term Debt	- 0.94	Deferred Long Term Liab
Deferred Long Term Liab	- 0.94	Other Liab