Ningbo Capital Expenditures vs Change In Cash Analysis

300076 Stock

6.86 0.48 7.52%

Ningbo GQY financial indicator trend analysis is infinitely more than just investigating Ningbo GQY Video recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo GQY Video is a good investment. Please check the relationship between Ningbo GQY Capital Expenditures and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo GQY Video. 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.

Capital Expenditures vs Change In Cash

Capital Expenditures vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo GQY Video Capital Expenditures account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ningbo GQY's Capital Expenditures and Change In Cash is -0.28. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Ningbo GQY Video, assuming nothing else is changed. The correlation between historical values of Ningbo GQY's Capital Expenditures 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 Capital Expenditures of Ningbo GQY Video 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 Capital Expenditures i.e., Ningbo GQY's Capital Expenditures and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Expenditures

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

Change In Cash

Most indicators from Ningbo GQY's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo GQY Video 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 Ningbo GQY Video. 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 22, 2024, Selling General Administrative is expected to decline to about 17 M. The current year's Tax Provision is expected to grow to about (2.5 M)

	2021	2022	2023	2024 (projected)
Gross Profit	35.3M	14.0M	25.8M	37.3M
Research Development	7.3M	8.2M	8.0M	7.0M

Gross Profit Research Development

Ningbo GQY 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	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.64	-0.33	-0.43	1.0	0.53	-0.27	-0.49	0.41	0.26	0.45	0.64	0.18	0.37	-0.98	0.61	-0.16	-0.72	0.47	0.18	0.85	-0.55	0.92	-0.23	0.08	0.35
Short Long Term Debt Total	-0.64		0.28	0.52	-0.67	-0.26	0.01	0.1	0.1	-0.46	-0.03	-0.32	-0.31	0.33	0.71	-0.38	0.36	0.67	-0.04	-0.28	-0.4	0.63	-0.63	0.7	-0.09	-0.56
Other Current Liab	-0.33	0.28		0.37	-0.36	0.16	-0.3	-0.15	0.03	-0.53	0.17	-0.11	-0.76	0.16	0.39	-0.62	0.14	0.57	-0.08	0.54	-0.18	0.53	-0.36	-0.04	0.31	-0.3
Total Current Liabilities	-0.43	0.52	0.37		-0.51	-0.36	0.24	0.55	-0.44	0.12	-0.51	-0.27	0.03	0.0	0.46	-0.5	-0.11	0.37	0.0	0.29	-0.41	0.93	-0.41	0.39	0.16	-0.13
Total Stockholder Equity	1.0	-0.67	-0.36	-0.51		0.52	-0.26	-0.5	0.4	0.24	0.45	0.63	0.19	0.33	-0.99	0.63	-0.18	-0.75	0.41	0.16	0.84	-0.61	0.92	-0.28	0.05	0.38
Property Plant And Equipment Net	0.53	-0.26	0.16	-0.36	0.52		-0.38	-0.5	0.57	-0.22	0.48	0.89	-0.55	0.47	-0.47	-0.19	0.35	-0.06	0.4	0.39	0.62	-0.32	0.21	-0.23	0.64	-0.12
Current Deferred Revenue	-0.27	0.01	-0.3	0.24	-0.26	-0.38		0.56	-0.5	0.21	-0.56	-0.2	0.43	-0.47	0.21	-0.09	-0.41	0.03	-0.24	0.0	-0.48	0.21	-0.24	-0.21	-0.11	0.31
Net Debt	-0.49	0.1	-0.15	0.55	-0.5	-0.5	0.56		-0.84	0.38	-1.0	-0.28	0.55	-0.5	0.39	-0.44	-0.39	0.13	-0.51	0.24	-0.71	0.44	-0.47	-0.13	0.09	0.36
Retained Earnings	0.41	0.1	0.03	-0.44	0.4	0.57	-0.5	-0.84		-0.31	0.86	0.41	-0.55	0.73	-0.26	0.27	0.73	0.16	0.67	-0.31	0.7	-0.28	0.3	0.38	0.08	-0.56
Accounts Payable	0.26	-0.46	-0.53	0.12	0.24	-0.22	0.21	0.38	-0.31		-0.41	0.11	0.62	-0.32	-0.31	0.26	-0.17	-0.44	0.13	-0.04	0.05	-0.01	0.27	-0.07	-0.02	0.44
Cash	0.45	-0.03	0.17	-0.51	0.45	0.48	-0.56	-1.0	0.86	-0.41		0.26	-0.58	0.53	-0.33	0.41	0.42	-0.07	0.51	-0.26	0.68	-0.39	0.43	0.19	-0.1	-0.41
Non Current Assets Total	0.64	-0.32	-0.11	-0.27	0.63	0.89	-0.2	-0.28	0.41	0.11	0.26		-0.22	0.45	-0.62	-0.08	0.15	-0.27	0.33	0.41	0.57	-0.29	0.3	-0.23	0.64	0.19
Non Currrent Assets Other	0.18	-0.31	-0.76	0.03	0.19	-0.55	0.43	0.55	-0.55	0.62	-0.58	-0.22		-0.41	-0.29	0.49	-0.59	-0.6	-0.22	-0.2	-0.15	-0.2	0.33	-0.14	-0.38	0.6
Other Assets	0.37	0.33	0.16	0.0	0.33	0.47	-0.47	-0.5	0.73	-0.32	0.53	0.45	-0.41		-0.24	0.02	0.48	0.21	0.46	0.08	0.54	0.1	0.24	0.5	0.21	-0.37
Long Term Debt	-0.98	0.71	0.39	0.46	-0.99	-0.47	0.21	0.39	-0.26	-0.31	-0.33	-0.62	-0.29	-0.24		-0.61	0.29	0.81	-0.34	-0.22	-0.78	0.6	-0.92	0.36	-0.06	-0.48
Cash And Short Term Investments	0.61	-0.38	-0.62	-0.5	0.63	-0.19	-0.09	-0.44	0.27	0.26	0.41	-0.08	0.49	0.02	-0.61		-0.22	-0.7	0.27	-0.53	0.51	-0.6	0.8	0.04	-0.61	0.22
Net Receivables	-0.16	0.36	0.14	-0.11	-0.18	0.35	-0.41	-0.39	0.73	-0.17	0.42	0.15	-0.59	0.48	0.29	-0.22		0.6	0.53	-0.35	0.27	0.1	-0.27	0.55	0.21	-0.82
Non Current Liabilities Total	-0.72	0.67	0.57	0.37	-0.75	-0.06	0.03	0.13	0.16	-0.44	-0.07	-0.27	-0.6	0.21	0.81	-0.7	0.6		0.01	0.0	-0.44	0.62	-0.77	0.39	0.21	-0.64
Inventory	0.47	-0.04	-0.08	0.0	0.41	0.4	-0.24	-0.51	0.67	0.13	0.51	0.33	-0.22	0.46	-0.34	0.27	0.53	0.01		-0.2	0.68	0.0	0.42	0.36	0.06	-0.45
Other Current Assets	0.18	-0.28	0.54	0.29	0.16	0.39	0.0	0.24	-0.31	-0.04	-0.26	0.41	-0.2	0.08	-0.22	-0.53	-0.35	0.0	-0.2		0.0	0.27	0.03	-0.5	0.6	0.4
Other Stockholder Equity	0.85	-0.4	-0.18	-0.41	0.84	0.62	-0.48	-0.71	0.7	0.05	0.68	0.57	-0.15	0.54	-0.78	0.51	0.27	-0.44	0.68	0.0		-0.46	0.78	0.11	0.07	-0.16
Total Liab	-0.55	0.63	0.53	0.93	-0.61	-0.32	0.21	0.44	-0.28	-0.01	-0.39	-0.29	-0.2	0.1	0.6	-0.6	0.1	0.62	0.0	0.27	-0.46		-0.53	0.43	0.18	-0.26
Total Current Assets	0.92	-0.63	-0.36	-0.41	0.92	0.21	-0.24	-0.47	0.3	0.27	0.43	0.3	0.33	0.24	-0.92	0.8	-0.27	-0.77	0.42	0.03	0.78	-0.53		-0.17	-0.22	0.34
Short Term Debt	-0.23	0.7	-0.04	0.39	-0.28	-0.23	-0.21	-0.13	0.38	-0.07	0.19	-0.23	-0.14	0.5	0.36	0.04	0.55	0.39	0.36	-0.5	0.11	0.43	-0.17		-0.15	-0.7
Intangible Assets	0.08	-0.09	0.31	0.16	0.05	0.64	-0.11	0.09	0.08	-0.02	-0.1	0.64	-0.38	0.21	-0.06	-0.61	0.21	0.21	0.06	0.6	0.07	0.18	-0.22	-0.15		0.01
Common Stock	0.35	-0.56	-0.3	-0.13	0.38	-0.12	0.31	0.36	-0.56	0.44	-0.41	0.19	0.6	-0.37	-0.48	0.22	-0.82	-0.64	-0.45	0.4	-0.16	-0.26	0.34	-0.7	0.01

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Ningbo GQY Account Relationship Matchups

Ningbo GQY fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Other Current Liab	48.7M	30.4M	4.4M	3.7M	2.4M	2.3M
Total Current Liabilities	73.1M	86.7M	90.2M	105.6M	88.6M	95.3M
Total Stockholder Equity	1.0B	1.0B	1.0B	1.0B	987.6M	960.3M
Property Plant And Equipment Net	66.5M	65.2M	71.6M	98.7M	105.5M	146.0M
Net Debt	(554.7M)	(257.5M)	(124.6M)	(140.0M)	(81.6M)	(85.6M)
Retained Earnings	54.4M	68.4M	60.1M	44.1M	23.9M	22.7M
Accounts Payable	24.4M	41.4M	44.3M	53.7M	65.2M	36.4M
Cash	554.7M	258.4M	130.7M	144.2M	84.7M	80.5M
Non Current Assets Total	137.9M	187.1M	213.1M	285.7M	293.0M	270.2M
Non Currrent Assets Other	272.7M	503.5M	584.5M	532.1M	523.9M	550.1M
Cash And Short Term Investments	826.1M	745.6M	702.5M	659.0M	593.7M	531.2M
Net Receivables	86.7M	137.5M	129.0M	115.6M	146.1M	127.7M
Liabilities And Stockholders Equity	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Non Current Liabilities Total	2.8M	4.9M	8.1M	3.4M	2.0M	1.9M
Inventory	40.8M	35.2M	60.7M	50.8M	38.2M	53.6M
Other Current Assets	244.7K	17.9M	20.5M	9.3M	7.5M	7.1M
Total Liab	75.9M	91.6M	98.3M	109.0M	90.6M	77.0M
Total Current Assets	953.9M	936.2M	912.7M	834.7M	785.5M	806.6M
Intangible Assets	12.6M	43.1M	42.0M	40.8M	39.6M	49.2M
Property Plant Equipment	66.5M	66.2M	71.6M	98.7M	113.5M	159.5M
Other Liab	3.3M	2.8M	4.9M	3.5M	3.1M	5.9M
Net Tangible Assets	949.0M	1.0B	988.6M	981.9M	883.7M	784.9M
Short Term Investments	271.4M	487.3M	571.7M	514.8M	508.9M	363.1M
Net Invested Capital	1.0B	1.0B	1.0B	1.0B	987.6M	807.6M
Net Working Capital	880.8M	849.6M	822.5M	729.1M	696.8M	835.7M

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

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Ningbo Capital Expenditures vs Change In Cash Analysis

Capital Expenditures vs Change In Cash

Capital Expenditures vs Change In Cash Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change In Cash

Ningbo GQY fundamental ratios Correlations

Ningbo GQY Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo GQY fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 0.93	Total Current Liabilities
Total Current Assets	+ 0.92	Total Assets
Total Current Assets	+ 0.92	Total Stockholder Equity
Non Current Assets Total	+ 0.89	Property Plant And Equipment Net
Cash	+ 0.86	Retained Earnings

Cash	- 1.0	Net Debt
Long Term Debt	- 0.99	Total Stockholder Equity
Long Term Debt	- 0.98	Total Assets
Total Current Assets	- 0.92	Long Term Debt
Retained Earnings	- 0.84	Net Debt
Common Stock	- 0.82	Net Receivables