Shengyuan Depreciation vs Capital Expenditures Analysis

300867 Stock   13.88  0.22  1.61%   
Shengyuan Environmental financial indicator trend analysis is much more than just breaking down Shengyuan Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shengyuan Environmental is a good investment. Please check the relationship between Shengyuan Environmental Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shengyuan 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.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shengyuan Environmental Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Shengyuan Environmental's Depreciation and Capital Expenditures is 0.12. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shengyuan Environmental Protection, assuming nothing else is changed. The correlation between historical values of Shengyuan Environmental's Depreciation 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 Depreciation of Shengyuan Environmental Protection 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 Depreciation i.e., Shengyuan Environmental's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of Shengyuan Environmental value has been used up. For tax purposes Shengyuan Environmental can deduct the cost of the tangible assets it purchases as business expenses. However, Shengyuan 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.

Capital Expenditures

Capital Expenditures are funds used by Shengyuan 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 Shengyuan Environmental operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Shengyuan Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengyuan 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 Shengyuan 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 November 26, 2024, Tax Provision is expected to decline to about 38.1 M. In addition to that, Selling General Administrative is expected to decline to about 27.4 M
 2021 2022 2023 2024 (projected)
Gross Profit715.8M523.1M548.1M477.5M
Total Revenue2.3B1.8B1.7B1.3B

Shengyuan Environmental fundamental ratios Correlations

-0.110.991.00.37-0.730.990.850.651.0-0.97-0.40.990.90.140.990.960.991.00.96-0.10.98-0.190.970.980.14
-0.11-0.24-0.140.29-0.05-0.16-0.570.2-0.120.260.71-0.02-0.220.68-0.03-0.18-0.15-0.090.06-0.56-0.140.29-0.08-0.14-0.15
0.99-0.240.990.33-0.70.980.890.570.99-0.97-0.460.950.910.040.960.970.980.980.940.050.97-0.210.950.980.15
1.0-0.140.990.34-0.710.990.860.630.99-0.97-0.430.980.90.110.980.960.990.990.95-0.080.99-0.210.970.980.13
0.370.290.330.340.110.260.250.480.34-0.290.230.40.220.730.420.150.310.390.49-0.460.430.810.170.380.82
-0.73-0.05-0.7-0.710.11-0.79-0.45-0.38-0.760.720.3-0.76-0.830.06-0.75-0.83-0.74-0.74-0.72-0.02-0.610.66-0.87-0.660.49
0.99-0.160.980.990.26-0.790.850.581.0-0.97-0.430.980.910.080.980.990.990.990.95-0.050.95-0.30.990.960.03
0.85-0.570.890.860.25-0.450.850.440.84-0.91-0.640.80.76-0.110.810.810.870.840.740.060.88-0.160.770.840.33
0.650.20.570.630.48-0.380.580.440.63-0.520.070.670.460.240.680.580.660.660.62-0.360.670.140.570.560.27
1.0-0.120.990.990.34-0.761.00.840.63-0.97-0.390.990.910.130.990.970.991.00.96-0.090.97-0.230.980.970.1
-0.970.26-0.97-0.97-0.290.72-0.97-0.91-0.52-0.970.58-0.96-0.91-0.04-0.95-0.94-0.97-0.97-0.90.04-0.960.26-0.94-0.94-0.13
-0.40.71-0.46-0.430.230.3-0.43-0.640.07-0.390.58-0.34-0.570.6-0.33-0.42-0.42-0.37-0.18-0.44-0.430.46-0.4-0.440.0
0.99-0.020.950.980.4-0.760.980.80.670.99-0.96-0.340.890.241.00.940.990.990.97-0.220.96-0.170.960.940.13
0.9-0.220.910.90.22-0.830.910.760.460.91-0.91-0.570.89-0.080.890.910.890.90.850.140.86-0.380.920.9-0.02
0.140.680.040.110.730.060.08-0.110.240.13-0.040.60.24-0.080.23-0.040.10.170.35-0.810.150.650.050.090.42
0.99-0.030.960.980.42-0.750.980.810.680.99-0.95-0.331.00.890.230.950.991.00.98-0.20.97-0.160.960.950.14
0.96-0.180.970.960.15-0.830.990.810.580.97-0.94-0.420.940.91-0.040.950.970.960.910.070.92-0.410.990.94-0.08
0.99-0.150.980.990.31-0.740.990.870.660.99-0.97-0.420.990.890.10.990.970.990.94-0.120.98-0.250.970.950.1
1.0-0.090.980.990.39-0.740.990.840.661.0-0.97-0.370.990.90.171.00.960.990.97-0.120.98-0.170.970.970.15
0.960.060.940.950.49-0.720.950.740.620.96-0.9-0.180.970.850.350.980.910.940.97-0.20.92-0.070.930.930.16
-0.1-0.560.05-0.08-0.46-0.02-0.050.06-0.36-0.090.04-0.44-0.220.14-0.81-0.20.07-0.12-0.12-0.2-0.12-0.42-0.030.04-0.28
0.98-0.140.970.990.43-0.610.950.880.670.97-0.96-0.430.960.860.150.970.920.980.980.92-0.12-0.080.910.970.26
-0.190.29-0.21-0.210.810.66-0.3-0.160.14-0.230.260.46-0.17-0.380.65-0.16-0.41-0.25-0.17-0.07-0.42-0.08-0.4-0.150.85
0.97-0.080.950.970.17-0.870.990.770.570.98-0.94-0.40.960.920.050.960.990.970.970.93-0.030.91-0.40.93-0.11
0.98-0.140.980.980.38-0.660.960.840.560.97-0.94-0.440.940.90.090.950.940.950.970.930.040.97-0.150.930.18
0.14-0.150.150.130.820.490.030.330.270.1-0.130.00.13-0.020.420.14-0.080.10.150.16-0.280.260.85-0.110.18
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Shengyuan Environmental Account Relationship Matchups

Shengyuan Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.2B6.9B7.8B8.4B8.5B6.2B
Other Current Liab15.6M40.9M27.9M30.3M49.5K47.1K
Total Current Liabilities828.9M1.2B1.3B1.4B1.6B1.1B
Total Stockholder Equity1.2B2.7B3.2B3.4B3.5B2.3B
Other Liab160.6M248.5M93.2M115.4M132.8M161.2M
Net Tangible Assets(1.2B)(116.1M)(2.1B)(2.3B)(2.1B)(2.0B)
Retained Earnings749.9M1.1B1.5B1.7B1.7B1.1B
Accounts Payable473.2M754.3M759.9M713.0M717.6M526.5M
Cash50.1M256.9M99.6M363.3M87.0M166.3M
Non Current Assets Total3.8B5.3B6.3B6.8B6.9B5.1B
Non Currrent Assets Other153.7M103.2M57.1M80.8M67.7M103.9M
Other Assets242.2M214.3M172.5M219.4M197.4M180.1M
Long Term Debt2.0B2.7B3.1B3.3B3.0B2.6B
Net Receivables273.0M441.6M892.0M866.0M1.1B1.2B
Non Current Liabilities Total2.2B3.0B3.3B3.6B3.4B2.8B
Inventory17.1M25.5M46.2M60.5M60.3M32.6M
Other Current Assets93.2M170.5M219.8M246.5M215.2M151.1M
Total Liab3.0B4.2B4.6B5.0B5.0B3.9B
Deferred Long Term Liab66.9M83.5M84.6M98.6M113.4M70.2M
Total Current Assets433.4M1.6B1.5B1.6B1.6B1.0B
Non Current Liabilities Other134.5M228.6M42.5M55.5M71.5M90.1M
Intangible Assets2.4B2.8B5.3B5.7B5.7B3.8B
Property Plant Equipment1.1B2.2B517.4M552.6M635.5M1.0B
Net Debt1.8B2.4B3.1B3.0B3.1B2.5B
Net Invested Capital3.1B5.4B6.4B6.7B6.7B5.2B
Net Working Capital(395.5M)385.0M232.1M142.4M(42.5M)(40.3M)

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Other Information on Investing in Shengyuan Stock

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