Shenzhen Change To Netincome vs Capital Expenditures Analysis

300124 Stock

59.39 0.69 1.15%

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

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Inovance Tech Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.

The correlation between Shenzhen Inovance's Change To Netincome and Capital Expenditures is -0.9. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shenzhen Inovance Tech, assuming nothing else is changed. The correlation between historical values of Shenzhen Inovance's Change To Netincome 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 Change To Netincome of Shenzhen Inovance Tech 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 Change To Netincome i.e., Shenzhen Inovance's Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Change To Netincome

Capital Expenditures

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

Most indicators from Shenzhen Inovance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Inovance 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 Shenzhen Inovance Tech. 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 2.4 B, whereas Tax Provision is forecasted to decline to about 133.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	3.3B	4.0B	4.9B	5.1B
Total Revenue	17.9B	23.0B	30.4B	31.9B

Operating Income Total Revenue

Shenzhen Inovance 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	Good Will	Short Term Investments	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock
Total Assets		0.97	1.0	1.0	1.0	1.0	0.96	0.99	0.96	0.99	0.85	1.0	0.94	0.92	1.0	0.97	0.77	0.31	0.99	0.96	-0.61	0.81	0.82	0.66	1.0	-0.6
Other Current Liab	0.97		0.97	0.96	0.97	0.96	0.93	0.96	0.92	0.96	0.85	0.97	0.95	0.93	0.97	0.96	0.77	0.39	0.95	0.92	-0.65	0.79	0.82	0.78	0.96	-0.69
Total Current Liabilities	1.0	0.97		0.99	1.0	1.0	0.96	0.99	0.96	0.99	0.84	1.0	0.93	0.91	1.0	0.98	0.76	0.3	0.99	0.95	-0.59	0.8	0.81	0.68	1.0	-0.6
Total Stockholder Equity	1.0	0.96	0.99		1.0	0.99	0.95	0.99	0.97	1.0	0.86	0.99	0.95	0.93	0.99	0.96	0.79	0.33	0.99	0.95	-0.63	0.83	0.83	0.66	0.99	-0.62
Retained Earnings	1.0	0.97	1.0	1.0		1.0	0.95	0.99	0.97	1.0	0.86	1.0	0.95	0.93	1.0	0.97	0.78	0.32	0.99	0.95	-0.63	0.83	0.83	0.67	0.99	-0.62
Accounts Payable	1.0	0.96	1.0	0.99	1.0		0.96	1.0	0.96	0.99	0.84	1.0	0.92	0.9	1.0	0.98	0.74	0.26	0.99	0.96	-0.57	0.79	0.79	0.63	1.0	-0.56
Cash	0.96	0.93	0.96	0.95	0.95	0.96		0.97	0.87	0.95	0.8	0.96	0.83	0.82	0.96	0.97	0.66	0.19	0.96	0.94	-0.41	0.67	0.65	0.59	0.96	-0.44
Other Assets	0.99	0.96	0.99	0.99	0.99	1.0	0.97		0.95	0.99	0.87	0.99	0.91	0.89	1.0	0.98	0.74	0.29	1.0	0.95	-0.55	0.79	0.77	0.66	1.0	-0.55
Net Receivables	0.96	0.92	0.96	0.97	0.97	0.96	0.87	0.95		0.97	0.84	0.95	0.96	0.97	0.95	0.9	0.78	0.38	0.95	0.86	-0.72	0.84	0.87	0.64	0.95	-0.7
Inventory	0.99	0.96	0.99	1.0	1.0	0.99	0.95	0.99	0.97		0.89	0.99	0.94	0.92	0.99	0.96	0.79	0.35	1.0	0.94	-0.62	0.84	0.82	0.68	0.99	-0.61
Other Current Assets	0.85	0.85	0.84	0.86	0.86	0.84	0.8	0.87	0.84	0.89		0.83	0.82	0.81	0.86	0.79	0.79	0.56	0.88	0.76	-0.61	0.85	0.73	0.76	0.85	-0.58
Total Liab	1.0	0.97	1.0	0.99	1.0	1.0	0.96	0.99	0.95	0.99	0.83		0.93	0.9	1.0	0.99	0.75	0.28	0.99	0.96	-0.58	0.79	0.8	0.67	1.0	-0.58
Intangible Assets	0.94	0.95	0.93	0.95	0.95	0.92	0.83	0.91	0.96	0.94	0.82	0.93		0.98	0.93	0.88	0.87	0.49	0.91	0.88	-0.81	0.88	0.94	0.74	0.91	-0.8
Common Stock	0.92	0.93	0.91	0.93	0.93	0.9	0.82	0.89	0.97	0.92	0.81	0.9	0.98		0.9	0.85	0.8	0.48	0.89	0.82	-0.82	0.83	0.91	0.66	0.89	-0.84
Property Plant Equipment	1.0	0.97	1.0	0.99	1.0	1.0	0.96	1.0	0.95	0.99	0.86	1.0	0.93	0.9		0.98	0.77	0.3	0.99	0.96	-0.58	0.81	0.8	0.7	1.0	-0.58
Other Liab	0.97	0.96	0.98	0.96	0.97	0.98	0.97	0.98	0.9	0.96	0.79	0.99	0.88	0.85	0.98		0.67	0.19	0.97	0.95	-0.48	0.71	0.73	0.68	0.98	-0.51
Good Will	0.77	0.77	0.76	0.79	0.78	0.74	0.66	0.74	0.78	0.79	0.79	0.75	0.87	0.8	0.77	0.67		0.66	0.75	0.76	-0.78	0.95	0.85	0.73	0.75	-0.7
Short Term Investments	0.31	0.39	0.3	0.33	0.32	0.26	0.19	0.29	0.38	0.35	0.56	0.28	0.49	0.48	0.3	0.19	0.66		0.29	0.21	-0.59	0.55	0.46	0.57	0.27	-0.57
Net Tangible Assets	0.99	0.95	0.99	0.99	0.99	0.99	0.96	1.0	0.95	1.0	0.88	0.99	0.91	0.89	0.99	0.97	0.75	0.29		0.94	-0.57	0.81	0.78	0.65	1.0	-0.56
Long Term Debt	0.96	0.92	0.95	0.95	0.95	0.96	0.94	0.95	0.86	0.94	0.76	0.96	0.88	0.82	0.96	0.95	0.76	0.21	0.94		-0.54	0.76	0.77	0.62	0.96	-0.52
Other Stockholder Equity	-0.61	-0.65	-0.59	-0.63	-0.63	-0.57	-0.41	-0.55	-0.72	-0.62	-0.61	-0.58	-0.81	-0.82	-0.58	-0.48	-0.78	-0.59	-0.57	-0.54		-0.8	-0.93	-0.57	-0.57	0.96
Deferred Long Term Liab	0.81	0.79	0.8	0.83	0.83	0.79	0.67	0.79	0.84	0.84	0.85	0.79	0.88	0.83	0.81	0.71	0.95	0.55	0.81	0.76	-0.8		0.9	0.75	0.79	-0.71
Long Term Investments	0.82	0.82	0.81	0.83	0.83	0.79	0.65	0.77	0.87	0.82	0.73	0.8	0.94	0.91	0.8	0.73	0.85	0.46	0.78	0.77	-0.93	0.9		0.71	0.79	-0.88
Short Long Term Debt	0.66	0.78	0.68	0.66	0.67	0.63	0.59	0.66	0.64	0.68	0.76	0.67	0.74	0.66	0.7	0.68	0.73	0.57	0.65	0.62	-0.57	0.75	0.71		0.65	-0.61
Total Current Assets	1.0	0.96	1.0	0.99	0.99	1.0	0.96	1.0	0.95	0.99	0.85	1.0	0.91	0.89	1.0	0.98	0.75	0.27	1.0	0.96	-0.57	0.79	0.79	0.65		-0.56
Treasury Stock	-0.6	-0.69	-0.6	-0.62	-0.62	-0.56	-0.44	-0.55	-0.7	-0.61	-0.58	-0.58	-0.8	-0.84	-0.58	-0.51	-0.7	-0.57	-0.56	-0.52	0.96	-0.71	-0.88	-0.61	-0.56

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Shenzhen Inovance Account Relationship Matchups

Shenzhen Inovance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.9B	18.6B	27.3B	39.2B	49.0B	51.4B
Other Current Liab	995.0M	1.0B	1.2B	2.6B	2.4B	2.5B
Total Current Liabilities	5.3B	6.0B	10.0B	16.1B	19.6B	20.6B
Total Stockholder Equity	8.6B	10.6B	15.9B	19.8B	24.5B	25.7B
Retained Earnings	4.3B	6.1B	9.0B	12.6B	15.1B	15.9B
Accounts Payable	2.5B	3.8B	6.4B	9.3B	12.3B	12.9B
Cash	1.8B	3.0B	4.0B	7.4B	8.5B	8.9B
Other Assets	363.9M	606.6M	1.2B	1.8B	2.1B	2.2B
Net Receivables	3.9B	3.0B	7.3B	6.4B	8.8B	9.2B
Inventory	1.7B	2.4B	4.2B	5.5B	6.2B	6.6B
Other Current Assets	180.3M	290.9M	849.6M	1.1B	572.9M	601.6M
Total Liab	5.9B	7.6B	11.0B	19.1B	24.0B	25.2B
Intangible Assets	528.4M	497.9M	583.9M	711.6M	797.4M	837.3M
Common Stock	1.7B	1.7B	2.6B	2.7B	3.1B	3.2B
Property Plant Equipment	1.6B	2.0B	2.9B	4.8B	5.6B	5.8B
Other Liab	209.9M	254.3M	362.0M	1.2B	1.3B	1.4B
Short Term Investments	2.0B	1.3B	2.1B	2.0B	671.9M	638.3M
Net Tangible Assets	6.1B	8.2B	13.4B	17.1B	19.7B	20.7B
Long Term Debt	471.8M	1.4B	597.0M	1.8B	2.3B	2.5B
Other Stockholder Equity	2.9M	(5.8M)	(6.4M)	13.9M	12.5M	10.3M
Deferred Long Term Liab	118.0M	121.0M	165.0M	159.9M	183.9M	92.4M
Short Long Term Debt	1.3B	331.1M	404.6M	2.1B	804.3M	706.1M
Total Current Assets	9.5B	12.5B	18.4B	25.9B	31.2B	32.8B
Non Current Assets Total	5.4B	6.2B	8.9B	13.3B	17.7B	18.6B
Non Currrent Assets Other	83.7M	186.2M	405.3M	630.8M	1.8B	1.9B
Non Current Liabilities Total	681.7M	1.7B	977.0M	3.0B	4.3B	4.5B
Non Current Liabilities Other	86.6M	131.5M	212.2M	702.5M	1.3B	1.4B
Common Stock Shares Outstanding	2.6B	2.6B	2.6B	2.7B	2.7B	2.9B
Net Invested Capital	10.4B	12.4B	16.9B	23.7B	27.6B	16.3B
Net Working Capital	4.2B	6.5B	8.4B	9.9B	11.6B	7.7B
Capital Stock	1.7B	1.7B	2.6B	2.7B	2.7B	2.4B

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Change To Netincome vs Capital Expenditures Analysis

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Netincome

Capital Expenditures

Shenzhen Inovance fundamental ratios Correlations

Shenzhen Inovance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Inovance fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets

Long Term Investments	- 0.93	Other Stockholder Equity
Treasury Stock	- 0.88	Long Term Investments
Treasury Stock	- 0.84	Common Stock
Other Stockholder Equity	- 0.82	Common Stock
Other Stockholder Equity	- 0.81	Intangible Assets
Deferred Long Term Liab	- 0.8	Other Stockholder Equity