Hengerda Capital Expenditures vs Net Income Analysis

300946 Stock

29.38 1.09 3.85%

Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Capital Expenditures and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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 Net Income

Capital Expenditures vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hengerda New's Capital Expenditures and Net Income is 0.73. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Capital Expenditures and Net Income 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 Hengerda New Materials are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Hengerda New's Capital Expenditures and Net Income go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Capital Expenditures

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Hengerda New Materials financial statement analysis. It represents the amount of money remaining after all of Hengerda New Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New Materials 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 Hengerda New Materials. 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 December 3, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M

	2021	2022	2023	2024 (projected)
Interest Expense	80.6K	330.4K	499.4K	474.4K
Interest Income	2.0M	747.9K	507.3K	859.0K

Interest Expense Interest Income

Hengerda New fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Term Investments	Long Term Debt
Total Assets		-0.44	0.87	0.99	0.99	0.97	0.86	0.95	0.87	0.99	0.99	0.74	0.96	0.34	0.85	1.0	-0.33	0.95	0.93	0.88	0.86	0.9	-0.57	0.91	-0.84	0.71
Other Current Liab	-0.44		-0.27	-0.47	-0.53	-0.39	-0.23	-0.33	-0.54	-0.43	-0.35	-0.02	-0.25	-0.5	-0.21	-0.45	0.44	-0.51	-0.24	-0.53	-0.81	-0.17	-0.02	-0.18	0.11	-0.01
Total Current Liabilities	0.87	-0.27		0.81	0.88	0.97	0.77	0.94	0.51	0.87	0.9	0.87	0.93	0.07	1.0	0.85	0.18	0.71	0.88	0.57	0.7	0.94	-0.69	0.94	-0.85	0.94
Total Stockholder Equity	0.99	-0.47	0.81		0.98	0.94	0.84	0.92	0.91	0.99	0.98	0.69	0.94	0.39	0.79	1.0	-0.42	0.97	0.9	0.92	0.87	0.86	-0.54	0.87	-0.81	0.64
Retained Earnings	0.99	-0.53	0.88	0.98		0.96	0.88	0.96	0.84	0.99	0.96	0.74	0.95	0.27	0.85	0.98	-0.28	0.91	0.93	0.83	0.91	0.9	-0.58	0.91	-0.85	0.71
Accounts Payable	0.97	-0.39	0.97	0.94	0.96		0.83	0.97	0.72	0.96	0.98	0.82	0.97	0.24	0.95	0.96	-0.08	0.86	0.92	0.76	0.82	0.94	-0.64	0.95	-0.86	0.85
Cash	0.86	-0.23	0.77	0.84	0.88	0.83		0.93	0.69	0.9	0.83	0.75	0.91	-0.16	0.78	0.86	-0.14	0.69	0.97	0.6	0.7	0.93	-0.56	0.93	-0.92	0.67
Non Current Assets Total	0.95	-0.33	0.94	0.92	0.96	0.97	0.93		0.7	0.96	0.95	0.82	0.99	0.04	0.93	0.94	-0.06	0.8	0.99	0.69	0.78	0.99	-0.6	0.99	-0.91	0.82
Non Currrent Assets Other	0.87	-0.54	0.51	0.91	0.84	0.72	0.69	0.7		0.86	0.83	0.41	0.73	0.56	0.47	0.89	-0.75	0.95	0.71	0.98	0.81	0.61	-0.33	0.62	-0.6	0.29
Net Receivables	0.99	-0.43	0.87	0.99	0.99	0.96	0.9	0.96	0.86		0.98	0.76	0.97	0.26	0.85	0.99	-0.31	0.92	0.95	0.85	0.86	0.92	-0.59	0.93	-0.88	0.72
Common Stock Shares Outstanding	0.99	-0.35	0.9	0.98	0.96	0.98	0.83	0.95	0.83	0.98		0.78	0.98	0.33	0.88	0.99	-0.26	0.93	0.93	0.86	0.8	0.92	-0.61	0.92	-0.85	0.77
Non Current Liabilities Total	0.74	-0.02	0.87	0.69	0.74	0.82	0.75	0.82	0.41	0.76	0.78		0.83	-0.09	0.87	0.72	0.23	0.58	0.78	0.45	0.57	0.87	-0.94	0.87	-0.94	0.94
Inventory	0.96	-0.25	0.93	0.94	0.95	0.97	0.91	0.99	0.73	0.97	0.98	0.83		0.11	0.92	0.96	-0.11	0.84	0.98	0.74	0.74	0.98	-0.64	0.98	-0.92	0.83
Other Current Assets	0.34	-0.5	0.07	0.39	0.27	0.24	-0.16	0.04	0.56	0.26	0.33	-0.09	0.11		0.01	0.35	-0.66	0.6	-0.02	0.68	0.41	-0.07	0.02	-0.05	0.13	-0.09
Total Liab	0.85	-0.21	1.0	0.79	0.85	0.95	0.78	0.93	0.47	0.85	0.88	0.87	0.92	0.01		0.82	0.23	0.67	0.88	0.52	0.65	0.95	-0.67	0.95	-0.85	0.95
Net Invested Capital	1.0	-0.45	0.85	1.0	0.98	0.96	0.86	0.94	0.89	0.99	0.99	0.72	0.96	0.35	0.82		-0.36	0.95	0.92	0.89	0.86	0.89	-0.56	0.9	-0.83	0.68
Short Long Term Debt	-0.33	0.44	0.18	-0.42	-0.28	-0.08	-0.14	-0.06	-0.75	-0.31	-0.26	0.23	-0.11	-0.66	0.23	-0.36		-0.56	-0.11	-0.7	-0.4	0.05	-0.18	0.04	-0.02	0.39
Total Current Assets	0.95	-0.51	0.71	0.97	0.91	0.86	0.69	0.8	0.95	0.92	0.93	0.58	0.84	0.6	0.67	0.95	-0.56		0.77	0.98	0.85	0.72	-0.48	0.73	-0.68	0.52
Capital Stock	0.93	-0.24	0.88	0.9	0.93	0.92	0.97	0.99	0.71	0.95	0.93	0.78	0.98	-0.02	0.88	0.92	-0.11	0.77		0.67	0.71	0.98	-0.55	0.98	-0.91	0.76
Net Working Capital	0.88	-0.53	0.57	0.92	0.83	0.76	0.6	0.69	0.98	0.85	0.86	0.45	0.74	0.68	0.52	0.89	-0.7	0.98	0.67		0.81	0.6	-0.38	0.61	-0.57	0.37
Intangible Assets	0.86	-0.81	0.7	0.87	0.91	0.82	0.7	0.78	0.81	0.86	0.8	0.57	0.74	0.41	0.65	0.86	-0.4	0.85	0.71	0.81		0.68	-0.48	0.68	-0.66	0.5
Property Plant And Equipment Net	0.9	-0.17	0.94	0.86	0.9	0.94	0.93	0.99	0.61	0.92	0.92	0.87	0.98	-0.07	0.95	0.89	0.05	0.72	0.98	0.6	0.68		-0.66	1.0	-0.94	0.88
Capital Lease Obligations	-0.57	-0.02	-0.69	-0.54	-0.58	-0.64	-0.56	-0.6	-0.33	-0.59	-0.61	-0.94	-0.64	0.02	-0.67	-0.56	-0.18	-0.48	-0.55	-0.38	-0.48	-0.66		-0.67	0.83	-0.82
Property Plant And Equipment Gross	0.91	-0.18	0.94	0.87	0.91	0.95	0.93	0.99	0.62	0.93	0.92	0.87	0.98	-0.05	0.95	0.9	0.04	0.73	0.98	0.61	0.68	1.0	-0.67		-0.94	0.88
Short Term Investments	-0.84	0.11	-0.85	-0.81	-0.85	-0.86	-0.92	-0.91	-0.6	-0.88	-0.85	-0.94	-0.92	0.13	-0.85	-0.83	-0.02	-0.68	-0.91	-0.57	-0.66	-0.94	0.83	-0.94		-0.84
Long Term Debt	0.71	-0.01	0.94	0.64	0.71	0.85	0.67	0.82	0.29	0.72	0.77	0.94	0.83	-0.09	0.95	0.68	0.39	0.52	0.76	0.37	0.5	0.88	-0.82	0.88	-0.84

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

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Hengerda Capital Expenditures vs Net Income Analysis

Capital Expenditures vs Net Income

Capital Expenditures vs Net Income Correlation Analysis

Correlation Coefficient

Capital Expenditures

Net Income

Hengerda New fundamental ratios Correlations

Hengerda New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Short Term Investments	- 0.94	Property Plant And Equipment Gross
Short Term Investments	- 0.94	Property Plant And Equipment Net
Short Term Investments	- 0.94	Non Current Liabilities Total
Capital Lease Obligations	- 0.94	Non Current Liabilities Total
Short Term Investments	- 0.92	Inventory
Short Term Investments	- 0.92	Cash