Dongguan Change In Working Capital vs Net Income Analysis

300976 Stock

59.55 0.85 1.45%

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

Change In Working Capital vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dongguan Tarry Elect Change In Working Capital account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Dongguan Tarry's Change In Working Capital and Net Income is -0.32. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Net Income in the same time period over historical financial statements of Dongguan Tarry Electronics, assuming nothing else is changed. The correlation between historical values of Dongguan Tarry's Change In Working Capital 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 Change In Working Capital of Dongguan Tarry Electronics 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 Change In Working Capital i.e., Dongguan Tarry's Change In Working Capital and Net Income go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Net Income

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

Most indicators from Dongguan Tarry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongguan Tarry Elect 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 Dongguan Tarry Electronics. 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 2, 2024, Tax Provision is expected to decline to about 8.1 M. In addition to that, Selling General Administrative is expected to decline to about 88.1 M

	2021	2022	2023	2024 (projected)
Interest Expense	472.5K	469.8K	1.0M	540.8K
Interest Income	35.3M	33.0M	34.9M	23.5M

Interest Expense Interest Income

Dongguan Tarry 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Good Will
Total Assets		0.19	0.94	1.0	0.97	0.92	0.96	0.97	0.85	0.92	0.99	0.97	0.94	0.94	0.65	0.94	1.0	1.0	1.0	-0.51	0.99	0.74	0.97	0.86	0.96	-0.51
Other Current Liab	0.19		0.26	0.18	0.14	0.29	0.03	0.29	0.63	0.1	0.27	0.07	0.19	0.33	0.8	0.25	0.18	0.14	0.2	-0.77	0.12	0.36	0.4	0.47	0.44	-0.77
Total Current Liabilities	0.94	0.26		0.92	0.97	0.99	0.81	0.99	0.88	0.95	0.91	0.84	1.0	0.98	0.72	1.0	0.92	0.9	0.91	-0.59	0.87	0.81	0.95	0.9	0.95	-0.59
Total Stockholder Equity	1.0	0.18	0.92		0.96	0.9	0.97	0.96	0.84	0.91	0.99	0.98	0.93	0.93	0.63	0.92	1.0	1.0	1.0	-0.5	0.99	0.72	0.97	0.84	0.96	-0.5
Retained Earnings	0.97	0.14	0.97	0.96		0.95	0.9	0.97	0.85	0.97	0.95	0.92	0.98	0.95	0.65	0.98	0.96	0.96	0.95	-0.55	0.94	0.83	0.94	0.85	0.93	-0.55
Accounts Payable	0.92	0.29	0.99	0.9	0.95		0.77	0.98	0.88	0.91	0.89	0.81	0.98	0.95	0.75	0.99	0.9	0.87	0.88	-0.6	0.84	0.81	0.93	0.86	0.94	-0.6
Cash	0.96	0.03	0.81	0.97	0.9	0.77		0.86	0.72	0.83	0.96	1.0	0.82	0.82	0.49	0.81	0.97	0.98	0.97	-0.4	0.99	0.65	0.89	0.72	0.86	-0.4
Non Current Assets Total	0.97	0.29	0.99	0.96	0.97	0.98	0.86		0.89	0.92	0.95	0.89	0.98	0.98	0.74	0.99	0.96	0.94	0.95	-0.58	0.92	0.77	0.98	0.9	0.98	-0.58
Non Currrent Assets Other	0.85	0.63	0.88	0.84	0.85	0.88	0.72	0.89		0.8	0.89	0.75	0.85	0.89	0.94	0.88	0.84	0.81	0.84	-0.87	0.79	0.87	0.93	0.88	0.94	-0.87
Net Receivables	0.92	0.1	0.95	0.91	0.97	0.91	0.83	0.92	0.8		0.89	0.84	0.97	0.95	0.57	0.96	0.91	0.9	0.89	-0.49	0.88	0.77	0.88	0.89	0.88	-0.49
Common Stock Shares Outstanding	0.99	0.27	0.91	0.99	0.95	0.89	0.96	0.95	0.89	0.89		0.97	0.91	0.92	0.71	0.91	0.99	0.99	0.99	-0.61	0.98	0.78	0.98	0.85	0.96	-0.61
Short Term Investments	0.97	0.07	0.84	0.98	0.92	0.81	1.0	0.89	0.75	0.84	0.97		0.85	0.84	0.54	0.84	0.98	0.99	0.98	-0.43	0.99	0.67	0.91	0.74	0.89	-0.43
Non Current Liabilities Total	0.94	0.19	1.0	0.93	0.98	0.98	0.82	0.98	0.85	0.97	0.91	0.85		0.97	0.68	1.0	0.93	0.91	0.91	-0.55	0.88	0.81	0.93	0.88	0.93	-0.55
Inventory	0.94	0.33	0.98	0.93	0.95	0.95	0.82	0.98	0.89	0.95	0.92	0.84	0.97		0.71	0.98	0.93	0.91	0.92	-0.56	0.89	0.73	0.96	0.96	0.97	-0.56
Other Current Assets	0.65	0.8	0.72	0.63	0.65	0.75	0.49	0.74	0.94	0.57	0.71	0.54	0.68	0.71		0.72	0.63	0.6	0.64	-0.95	0.57	0.81	0.79	0.73	0.8	-0.95
Total Liab	0.94	0.25	1.0	0.92	0.98	0.99	0.81	0.99	0.88	0.96	0.91	0.84	1.0	0.98	0.72		0.92	0.9	0.91	-0.58	0.87	0.81	0.94	0.89	0.95	-0.58
Net Invested Capital	1.0	0.18	0.92	1.0	0.96	0.9	0.97	0.96	0.84	0.91	0.99	0.98	0.93	0.93	0.63	0.92		1.0	1.0	-0.5	0.99	0.72	0.97	0.84	0.96	-0.5
Total Current Assets	1.0	0.14	0.9	1.0	0.96	0.87	0.98	0.94	0.81	0.9	0.99	0.99	0.91	0.91	0.6	0.9	1.0		1.0	-0.48	1.0	0.71	0.95	0.83	0.94	-0.48
Capital Stock	1.0	0.2	0.91	1.0	0.95	0.88	0.97	0.95	0.84	0.89	0.99	0.98	0.91	0.92	0.64	0.91	1.0	1.0		-0.51	1.0	0.71	0.97	0.84	0.95	-0.51
Non Current Liabilities Other	-0.51	-0.77	-0.59	-0.5	-0.55	-0.6	-0.4	-0.58	-0.87	-0.49	-0.61	-0.43	-0.55	-0.56	-0.95	-0.58	-0.5	-0.48	-0.51		-0.45	-0.85	-0.65	-0.6	-0.66	1.0
Net Working Capital	0.99	0.12	0.87	0.99	0.94	0.84	0.99	0.92	0.79	0.88	0.98	0.99	0.88	0.89	0.57	0.87	0.99	1.0	1.0	-0.45		0.68	0.94	0.8	0.92	-0.45
Intangible Assets	0.74	0.36	0.81	0.72	0.83	0.81	0.65	0.77	0.87	0.77	0.78	0.67	0.81	0.73	0.81	0.81	0.72	0.71	0.71	-0.85	0.68		0.76	0.65	0.76	-0.85
Property Plant And Equipment Net	0.97	0.4	0.95	0.97	0.94	0.93	0.89	0.98	0.93	0.88	0.98	0.91	0.93	0.96	0.79	0.94	0.97	0.95	0.97	-0.65	0.94	0.76		0.91	1.0	-0.65
Capital Lease Obligations	0.86	0.47	0.9	0.84	0.85	0.86	0.72	0.9	0.88	0.89	0.85	0.74	0.88	0.96	0.73	0.89	0.84	0.83	0.84	-0.6	0.8	0.65	0.91		0.93	-0.6
Property Plant And Equipment Gross	0.96	0.44	0.95	0.96	0.93	0.94	0.86	0.98	0.94	0.88	0.96	0.89	0.93	0.97	0.8	0.95	0.96	0.94	0.95	-0.66	0.92	0.76	1.0	0.93		-0.66
Good Will	-0.51	-0.77	-0.59	-0.5	-0.55	-0.6	-0.4	-0.58	-0.87	-0.49	-0.61	-0.43	-0.55	-0.56	-0.95	-0.58	-0.5	-0.48	-0.51	1.0	-0.45	-0.85	-0.65	-0.6	-0.66

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Other Information on Investing in Dongguan Stock

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

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Dongguan Change In Working Capital vs Net Income Analysis

Change In Working Capital vs Net Income

Change In Working Capital vs Net Income Correlation Analysis

Correlation Coefficient

Change In Working Capital

Net Income

Dongguan Tarry fundamental ratios Correlations

Dongguan Tarry Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Dongguan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Capital Stock	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

Good Will	- 0.95	Other Current Assets
Non Current Liabilities Other	- 0.95	Other Current Assets
Good Will	- 0.87	Non Currrent Assets Other
Non Current Liabilities Other	- 0.87	Non Currrent Assets Other
Good Will	- 0.85	Intangible Assets
Intangible Assets	- 0.85	Non Current Liabilities Other