Shenzhen Interest Income vs Ebitda 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 Interest Income and its Ebitda 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.

Interest Income vs Ebitda

Interest Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Inovance Tech Interest Income account and Ebitda. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shenzhen Inovance's Interest Income and Ebitda is 0.85. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Ebitda 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 Interest Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Shenzhen Inovance Tech are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Interest Income i.e., Shenzhen Inovance's Interest Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Ebitda

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 Interest Income vs Ebitda Analysis

Interest Income vs Ebitda

Interest Income vs Ebitda Correlation Analysis

Correlation Coefficient

Interest Income

Ebitda

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