Zhejiang Capital Expenditures vs Investments Analysis

301092 Stock   24.96  0.46  1.88%   
Zhejiang Zhengguang financial indicator trend analysis is more than just analyzing Zhejiang Zhengguang current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Zhengguang is a good investment. Please check the relationship between Zhejiang Zhengguang Capital Expenditures and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Zhengguang Industrial. 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 Investments

Capital Expenditures vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Zhengguang Capital Expenditures account and Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Zhejiang Zhengguang's Capital Expenditures and Investments is -0.8. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Investments in the same time period over historical financial statements of Zhejiang Zhengguang Industrial, assuming nothing else is changed. The correlation between historical values of Zhejiang Zhengguang's Capital Expenditures and Investments 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 Zhejiang Zhengguang Industrial are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Capital Expenditures i.e., Zhejiang Zhengguang's Capital Expenditures and Investments go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Capital Expenditures

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

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Zhejiang Zhengguang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Zhengguang 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 Zhejiang Zhengguang Industrial. 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 Tax Provision is expected to grow to about 23.8 M, whereas Selling General Administrative is forecasted to decline to about 27.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense313.3K200.6K486.8K462.5K
Interest Income3.4M5.2M18.5M19.4M

Zhejiang Zhengguang fundamental ratios Correlations

-0.89-0.171.0-0.530.960.690.990.710.750.670.980.640.950.90.091.0-0.840.990.980.990.840.780.99-0.910.81
-0.890.39-0.890.57-0.93-0.63-0.88-0.58-0.71-0.69-0.88-0.72-0.91-0.830.09-0.890.99-0.89-0.88-0.89-0.73-0.66-0.880.85-0.7
-0.170.39-0.21-0.24-0.10.38-0.280.490.310.35-0.230.21-0.15-0.090.94-0.190.37-0.26-0.23-0.290.270.39-0.20.070.35
1.0-0.89-0.21-0.510.960.671.00.680.730.650.980.620.950.90.051.0-0.841.00.981.00.830.750.99-0.910.79
-0.530.57-0.24-0.51-0.58-0.65-0.48-0.62-0.9-0.69-0.6-0.92-0.75-0.6-0.42-0.520.61-0.49-0.6-0.48-0.56-0.68-0.550.82-0.71
0.96-0.93-0.10.96-0.580.80.930.80.820.810.920.750.940.910.20.96-0.910.940.920.940.910.850.94-0.890.88
0.69-0.630.380.67-0.650.80.60.970.820.850.620.860.710.840.670.67-0.660.620.620.60.850.980.62-0.690.97
0.99-0.88-0.281.0-0.480.930.60.610.680.580.990.570.940.88-0.030.99-0.821.00.991.00.770.690.99-0.90.73
0.71-0.580.490.68-0.620.80.970.610.860.90.620.810.70.780.740.68-0.590.630.620.610.920.990.65-0.690.98
0.75-0.710.310.73-0.90.820.820.680.860.910.750.930.860.730.530.73-0.720.70.750.680.870.890.75-0.890.91
0.67-0.690.350.65-0.690.810.850.580.90.910.610.840.710.640.60.65-0.70.610.610.590.930.890.65-0.70.9
0.98-0.88-0.230.98-0.60.920.620.990.620.750.610.650.970.870.010.99-0.830.991.00.990.770.710.99-0.950.75
0.64-0.720.210.62-0.920.750.860.570.810.930.840.650.80.770.490.62-0.770.590.650.570.720.850.62-0.820.86
0.95-0.91-0.150.95-0.750.940.710.940.70.860.710.970.80.90.120.95-0.890.940.970.940.80.790.96-0.990.83
0.9-0.83-0.090.9-0.60.910.840.880.780.730.640.870.770.90.230.9-0.840.880.870.870.760.850.86-0.860.87
0.090.090.940.05-0.420.20.67-0.030.740.530.60.010.490.120.230.060.05-0.010.01-0.040.510.660.03-0.170.62
1.0-0.89-0.191.0-0.520.960.670.990.680.730.650.990.620.950.90.06-0.831.00.990.990.830.760.99-0.910.79
-0.840.990.37-0.840.61-0.91-0.66-0.82-0.59-0.72-0.7-0.83-0.77-0.89-0.840.05-0.83-0.83-0.83-0.84-0.7-0.67-0.820.83-0.71
0.99-0.89-0.261.0-0.490.940.621.00.630.70.610.990.590.940.88-0.011.0-0.830.991.00.790.710.99-0.90.75
0.98-0.88-0.230.98-0.60.920.620.990.620.750.611.00.650.970.870.010.99-0.830.990.990.770.710.99-0.950.75
0.99-0.89-0.291.0-0.480.940.61.00.610.680.590.990.570.940.87-0.040.99-0.841.00.990.780.690.99-0.90.73
0.84-0.730.270.83-0.560.910.850.770.920.870.930.770.720.80.760.510.83-0.70.790.770.780.930.82-0.770.94
0.78-0.660.390.75-0.680.850.980.690.990.890.890.710.850.790.850.660.76-0.670.710.710.690.930.72-0.771.0
0.99-0.88-0.20.99-0.550.940.620.990.650.750.650.990.620.960.860.030.99-0.820.990.990.990.820.72-0.930.77
-0.910.850.07-0.910.82-0.89-0.69-0.9-0.69-0.89-0.7-0.95-0.82-0.99-0.86-0.17-0.910.83-0.9-0.95-0.9-0.77-0.77-0.93-0.82
0.81-0.70.350.79-0.710.880.970.730.980.910.90.750.860.830.870.620.79-0.710.750.750.730.941.00.77-0.82
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Zhejiang Zhengguang Account Relationship Matchups

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Other Information on Investing in Zhejiang Stock

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