Penyao Change In Working Capital vs Depreciation Analysis

300664 Stock

5.09 0.02 0.39%

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

Change In Working Capital vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penyao Environmental Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Penyao Environmental's Change In Working Capital and Depreciation is -0.56. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Penyao Environmental Protection, assuming nothing else is changed. The correlation between historical values of Penyao Environmental's Change In Working Capital and Depreciation 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 In Working Capital of Penyao Environmental Protection are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Working Capital i.e., Penyao Environmental's Change In Working Capital and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Depreciation

Depreciation indicates how much of Penyao Environmental value has been used up. For tax purposes Penyao Environmental can deduct the cost of the tangible assets it purchases as business expenses. However, Penyao Environmental Protection must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Penyao Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penyao 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 Penyao Environmental Protection. 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 January 28, 2025, Tax Provision is expected to decline to about 93.1 M. In addition to that, Selling General Administrative is expected to decline to about 71.3 M

	2022	2023	2024	2025 (projected)
Gross Profit	648.4M	731.3M	841.0M	656.0M
Total Revenue	1.9B	2.1B	2.4B	1.7B

Gross Profit Total Revenue

Penyao Environmental 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	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.27	0.99	1.0	0.99	0.98	0.99	0.99	0.56	0.99	-0.91	0.86	0.91	0.92	0.95	0.48	0.79	1.0	0.98	0.92	0.99	0.97	0.83	0.84	0.96	0.92
Other Current Liab	0.27		0.29	0.24	0.23	0.33	0.2	0.3	0.7	0.22	-0.42	0.31	0.14	0.25	0.16	0.42	0.36	0.26	0.33	0.22	0.3	0.08	0.45	-0.19	0.2	0.02
Total Current Liabilities	0.99	0.29		0.99	0.98	0.97	0.98	0.99	0.55	0.99	-0.91	0.86	0.86	0.92	0.92	0.46	0.78	0.99	0.99	0.95	0.99	0.96	0.87	0.82	0.97	0.91
Total Stockholder Equity	1.0	0.24	0.99		0.99	0.98	0.99	0.99	0.53	0.99	-0.9	0.86	0.91	0.92	0.96	0.47	0.77	1.0	0.98	0.92	0.99	0.98	0.82	0.85	0.96	0.93
Other Liab	0.99	0.23	0.98	0.99		0.96	1.0	0.99	0.48	1.0	-0.86	0.87	0.89	0.9	0.95	0.42	0.71	0.99	0.98	0.92	0.97	0.99	0.79	0.84	0.98	0.91
Net Tangible Assets	0.98	0.33	0.97	0.98	0.96		0.95	0.98	0.61	0.96	-0.95	0.91	0.88	0.89	0.93	0.56	0.81	0.98	0.95	0.86	0.99	0.93	0.84	0.76	0.92	0.9
Retained Earnings	0.99	0.2	0.98	0.99	1.0	0.95		0.98	0.46	1.0	-0.84	0.85	0.89	0.91	0.95	0.4	0.7	0.99	0.98	0.93	0.96	0.99	0.77	0.86	0.98	0.91
Accounts Payable	0.99	0.3	0.99	0.99	0.99	0.98	0.98		0.53	0.98	-0.92	0.88	0.86	0.92	0.92	0.53	0.75	0.99	0.98	0.91	0.99	0.96	0.85	0.8	0.96	0.9
Cash	0.56	0.7	0.55	0.53	0.48	0.61	0.46	0.53		0.5	-0.69	0.51	0.56	0.39	0.54	0.37	0.71	0.56	0.52	0.5	0.59	0.39	0.52	0.28	0.44	0.53
Non Current Assets Total	0.99	0.22	0.99	0.99	1.0	0.96	1.0	0.98	0.5		-0.87	0.88	0.9	0.9	0.95	0.4	0.73	0.99	0.98	0.93	0.97	0.98	0.78	0.86	0.98	0.93
Non Currrent Assets Other	-0.91	-0.42	-0.91	-0.9	-0.86	-0.95	-0.84	-0.92	-0.69	-0.87		-0.85	-0.78	-0.86	-0.82	-0.63	-0.89	-0.91	-0.89	-0.79	-0.94	-0.81	-0.86	-0.67	-0.81	-0.83
Other Assets	0.86	0.31	0.86	0.86	0.87	0.91	0.85	0.88	0.51	0.88	-0.85		0.73	0.78	0.79	0.52	0.64	0.85	0.84	0.7	0.84	0.82	0.68	0.68	0.84	0.82
Long Term Debt	0.91	0.14	0.86	0.91	0.89	0.88	0.89	0.86	0.56	0.9	-0.78	0.73		0.82	0.99	0.41	0.73	0.91	0.85	0.78	0.91	0.9	0.59	0.82	0.83	0.87
Net Receivables	0.92	0.25	0.92	0.92	0.9	0.89	0.91	0.92	0.39	0.9	-0.86	0.78	0.82		0.87	0.56	0.74	0.92	0.94	0.84	0.92	0.89	0.8	0.79	0.87	0.79
Non Current Liabilities Total	0.95	0.16	0.92	0.96	0.95	0.93	0.95	0.92	0.54	0.95	-0.82	0.79	0.99	0.87		0.42	0.74	0.95	0.91	0.84	0.95	0.95	0.66	0.85	0.9	0.91
Inventory	0.48	0.42	0.46	0.47	0.42	0.56	0.4	0.53	0.37	0.4	-0.63	0.52	0.41	0.56	0.42		0.35	0.45	0.42	0.21	0.53	0.36	0.52	0.22	0.27	0.34
Other Current Assets	0.79	0.36	0.78	0.77	0.71	0.81	0.7	0.75	0.71	0.73	-0.89	0.64	0.73	0.74	0.74	0.35		0.78	0.78	0.75	0.83	0.68	0.78	0.55	0.69	0.7
Total Liab	1.0	0.26	0.99	1.0	0.99	0.98	0.99	0.99	0.56	0.99	-0.91	0.85	0.91	0.92	0.95	0.45	0.78		0.98	0.94	0.99	0.97	0.83	0.84	0.97	0.93
Deferred Long Term Liab	0.98	0.33	0.99	0.98	0.98	0.95	0.98	0.98	0.52	0.98	-0.89	0.84	0.85	0.94	0.91	0.42	0.78	0.98		0.94	0.97	0.95	0.84	0.8	0.97	0.87
Short Long Term Debt	0.92	0.22	0.95	0.92	0.92	0.86	0.93	0.91	0.5	0.93	-0.79	0.7	0.78	0.84	0.84	0.21	0.75	0.94	0.94		0.91	0.92	0.83	0.83	0.95	0.87
Total Current Assets	0.99	0.3	0.99	0.99	0.97	0.99	0.96	0.99	0.59	0.97	-0.94	0.84	0.91	0.92	0.95	0.53	0.83	0.99	0.97	0.91		0.95	0.86	0.8	0.93	0.91
Non Current Liabilities Other	0.97	0.08	0.96	0.98	0.99	0.93	0.99	0.96	0.39	0.98	-0.81	0.82	0.9	0.89	0.95	0.36	0.68	0.97	0.95	0.92	0.95		0.75	0.89	0.97	0.93
Short Term Debt	0.83	0.45	0.87	0.82	0.79	0.84	0.77	0.85	0.52	0.78	-0.86	0.68	0.59	0.8	0.66	0.52	0.78	0.83	0.84	0.83	0.86	0.75		0.52	0.78	0.65
Intangible Assets	0.84	-0.19	0.82	0.85	0.84	0.76	0.86	0.8	0.28	0.86	-0.67	0.68	0.82	0.79	0.85	0.22	0.55	0.84	0.8	0.83	0.8	0.89	0.52		0.84	0.94
Common Stock	0.96	0.2	0.97	0.96	0.98	0.92	0.98	0.96	0.44	0.98	-0.81	0.84	0.83	0.87	0.9	0.27	0.69	0.97	0.97	0.95	0.93	0.97	0.78	0.84		0.89
Property Plant Equipment	0.92	0.02	0.91	0.93	0.91	0.9	0.91	0.9	0.53	0.93	-0.83	0.82	0.87	0.79	0.91	0.34	0.7	0.93	0.87	0.87	0.91	0.93	0.65	0.94	0.89

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Penyao Environmental Account Relationship Matchups

Penyao Environmental fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.7B	7.1B	8.1B	7.9B	9.1B	6.8B
Other Current Liab	365.4M	312.3M	358.1M	69.2M	79.6M	75.6M
Total Current Liabilities	2.0B	2.1B	2.4B	2.4B	2.7B	1.9B
Total Stockholder Equity	3.5B	3.8B	4.3B	4.3B	4.9B	3.6B
Other Liab	252.9M	287.8M	298.0M	327.4M	376.5M	274.2M
Net Tangible Assets	3.2B	3.4B	3.1B	3.4B	4.0B	3.2B
Retained Earnings	1.9B	2.2B	2.4B	2.4B	2.8B	1.9B
Accounts Payable	917.6M	951.8M	1.0B	1.1B	1.3B	814.4M
Cash	693.1M	447.2M	904.7M	376.9M	433.4M	627.0M
Non Current Assets Total	4.3B	4.4B	4.9B	4.7B	5.5B	4.3B
Non Currrent Assets Other	3.1M	385.2M	274.3M	69.0M	62.1M	59.0M
Other Assets	3.2B	3.5B	3.2B	3.1B	3.5B	3.4B
Long Term Debt	613.6M	717.9M	922.9M	831.3M	956.0M	787.4M
Net Receivables	705.6M	1.7B	1.0B	1.3B	1.5B	1.0B
Non Current Liabilities Total	901.4M	1.0B	1.3B	1.2B	1.3B	1.1B
Inventory	110.8M	227.3M	81.7M	144.8M	166.5M	191.3M
Other Current Assets	288.0M	273.6M	333.4M	280.4M	322.4M	275.5M
Total Liab	2.9B	3.1B	3.7B	3.5B	4.1B	3.0B
Deferred Long Term Liab	4.0M	6.4M	8.5M	8.0M	9.2M	5.1M
Short Long Term Debt	546.7M	676.7M	877.5M	735.7M	846.1M	546.2M
Total Current Assets	2.4B	2.6B	3.2B	3.2B	3.7B	2.5B
Non Current Liabilities Other	169.0M	184.0M	207.8M	225.6M	259.5M	181.5M
Intangible Assets	75.5M	646.2M	822.1M	1.0B	1.2B	1.2B
Property Plant Equipment	366.1M	527.1M	426.0M	838.8M	964.6M	1.0B
Net Debt	467.2M	947.4M	895.7M	1.2B	1.4B	746.9M
Common Stock Shares Outstanding	714.8M	714.2M	773.7M	792.5M	911.3M	791.3M
Net Invested Capital	4.7B	5.2B	6.1B	5.8B	6.7B	5.2B
Net Working Capital	384.4M	523.8M	795.9M	815.6M	937.9M	663.3M
Capital Stock	714.8M	714.2M	773.7M	792.3M	911.2M	725.1M
Property Plant And Equipment Net	527.1M	426.0M	838.8M	880.1M	1.0B	668.4M
Property Plant And Equipment Gross	645.1M	565.6M	1.0B	1.1B	1.2B	822.1M

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

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Penyao Change In Working Capital vs Depreciation Analysis

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

Correlation Coefficient

Change In Working Capital

Depreciation

Penyao Environmental fundamental ratios Correlations

Penyao Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Penyao Environmental fundamental ratios Accounts

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Other Information on Investing in Penyao Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Other Liab
Non Current Assets Total	+ 1.0	Other Liab
Non Current Assets Total	+ 1.0	Retained Earnings

Non Currrent Assets Other	- 0.95	Net Tangible Assets
Total Current Assets	- 0.94	Non Currrent Assets Other
Non Currrent Assets Other	- 0.92	Accounts Payable
Total Liab	- 0.91	Non Currrent Assets Other
Non Currrent Assets Other	- 0.91	Total Current Liabilities
Non Currrent Assets Other	- 0.91	Total Assets