Harbin Change To Inventory vs Free Cash Flow Analysis

600202 Stock

4.98 0.01 0.20%

Harbin Air financial indicator trend analysis is much more than just examining Harbin Air Conditioning latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Air Conditioning is a good investment. Please check the relationship between Harbin Air Change To Inventory and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Air Conditioning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harbin Air Conditioning Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Harbin Air's Change To Inventory and Free Cash Flow is 0.59. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Harbin Air Conditioning, assuming nothing else is changed. The correlation between historical values of Harbin Air's Change To Inventory and Free Cash Flow 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 To Inventory of Harbin Air Conditioning are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Harbin Air's Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Harbin Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Air Conditioning 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 Harbin Air Conditioning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 60.1 M, whereas Tax Provision is forecasted to decline to (482.9 K).

	2021	2022	2023	2024 (projected)
Gross Profit	62.9M	161.6M	233.4M	145.6M
Research Development	32.4M	35.6M	46.6M	31.5M

Gross Profit Research Development

Harbin Air fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.2	0.95	0.97	0.77	0.7	0.48	0.28	0.21	0.89	-0.11	0.81	0.01	1.0	0.24	0.79	0.78	0.77	0.46	0.24	0.11	0.14	0.5	-0.15	0.24	-0.17
Other Current Liab	0.2		0.27	0.16	0.15	0.28	0.26	0.19	-0.17	0.04	0.26	0.32	0.85	0.21	-0.25	0.44	0.16	-0.07	-0.57	-0.18	-0.34	-0.35	-0.38	-0.13	-0.67	-0.07
Total Current Liabilities	0.95	0.27		0.91	0.7	0.67	0.39	0.2	-0.06	0.87	-0.07	0.83	0.12	0.95	0.16	0.73	0.77	0.67	0.43	0.15	0.1	0.06	0.48	-0.19	0.17	-0.11
Total Stockholder Equity	0.97	0.16	0.91		0.87	0.62	0.4	0.21	0.2	0.91	-0.09	0.78	-0.06	0.95	0.23	0.75	0.81	0.81	0.46	0.19	0.2	0.13	0.44	-0.05	0.25	-0.11
Retained Earnings	0.77	0.15	0.7	0.87		0.51	0.2	0.09	0.14	0.81	0.07	0.56	-0.08	0.73	0.34	0.53	0.59	0.73	0.45	0.11	0.31	0.06	0.41	0.01	0.15	-0.07
Accounts Payable	0.7	0.28	0.67	0.62	0.51		0.71	0.61	0.2	0.42	-0.17	0.48	0.3	0.71	0.47	0.59	0.17	0.57	0.3	0.57	-0.38	-0.16	0.52	-0.52	-0.29	-0.65
Cash	0.48	0.26	0.39	0.4	0.2	0.71		0.71	0.38	0.08	-0.21	0.29	0.22	0.5	0.28	0.5	0.06	0.57	0.06	0.64	-0.5	-0.29	0.28	-0.6	-0.23	-0.73
Other Assets	0.28	0.19	0.2	0.21	0.09	0.61	0.71		0.46	-0.03	-0.56	-0.12	0.08	0.29	0.6	0.53	-0.13	0.27	-0.18	0.86	-0.81	-0.14	0.05	-0.61	-0.29	-0.91
Long Term Debt	0.21	-0.17	-0.06	0.2	0.14	0.2	0.38	0.46		0.11	-0.54	-0.03	-0.34	0.21	0.46	0.27	0.08	0.25	0.09	0.49	-0.12	0.27	0.14	0.02	0.27	-0.38
Net Receivables	0.89	0.04	0.87	0.91	0.81	0.42	0.08	-0.03	0.11		-0.07	0.73	-0.18	0.87	0.21	0.62	0.84	0.62	0.53	-0.02	0.41	0.19	0.47	0.07	0.44	0.16
Short Term Investments	-0.11	0.26	-0.07	-0.09	0.07	-0.17	-0.21	-0.56	-0.54	-0.07		0.07	0.35	-0.11	-0.62	-0.1	-0.01	-0.02	-0.17	-0.69	0.29	-0.19	-0.27	0.23	-0.32	0.5
Inventory	0.81	0.32	0.83	0.78	0.56	0.48	0.29	-0.12	-0.03	0.73	0.07		0.24	0.81	-0.16	0.5	0.79	0.59	0.41	-0.14	0.38	0.09	0.41	0.15	0.17	0.15
Other Current Assets	0.01	0.85	0.12	-0.06	-0.08	0.3	0.22	0.08	-0.34	-0.18	0.35	0.24		0.03	-0.33	0.21	-0.14	-0.24	-0.5	-0.22	-0.38	-0.32	-0.28	-0.06	-0.82	-0.08
Total Liab	1.0	0.21	0.95	0.95	0.73	0.71	0.5	0.29	0.21	0.87	-0.11	0.81	0.03		0.24	0.79	0.77	0.75	0.45	0.24	0.08	0.13	0.51	-0.17	0.23	-0.18
Intangible Assets	0.24	-0.25	0.16	0.23	0.34	0.47	0.28	0.6	0.46	0.21	-0.62	-0.16	-0.33	0.24		0.12	-0.18	0.31	0.43	0.77	-0.25	0.09	0.56	-0.41	0.2	-0.67
Common Stock	0.79	0.44	0.73	0.75	0.53	0.59	0.5	0.53	0.27	0.62	-0.1	0.5	0.21	0.79	0.12		0.64	0.5	-0.13	0.22	-0.33	0.03	-0.04	-0.19	-0.11	-0.25
Property Plant Equipment	0.78	0.16	0.77	0.81	0.59	0.17	0.06	-0.13	0.08	0.84	-0.01	0.79	-0.14	0.77	-0.18	0.64		0.55	0.25	-0.22	0.41	0.21	0.12	0.24	0.44	0.35
Other Liab	0.77	-0.07	0.67	0.81	0.73	0.57	0.57	0.27	0.25	0.62	-0.02	0.59	-0.24	0.75	0.31	0.5	0.55		0.55	0.35	0.2	-0.03	0.5	-0.14	0.28	-0.29
Net Tangible Assets	0.46	-0.57	0.43	0.46	0.45	0.3	0.06	-0.18	0.09	0.53	-0.17	0.41	-0.5	0.45	0.43	-0.13	0.25	0.55		0.23	0.55	0.3	0.93	0.0	0.65	-0.03
Other Stockholder Equity	0.24	-0.18	0.15	0.19	0.11	0.57	0.64	0.86	0.49	-0.02	-0.69	-0.14	-0.22	0.24	0.77	0.22	-0.22	0.35	0.23		-0.57	0.07	0.42	-0.58	0.02	-0.94
Long Term Investments	0.11	-0.34	0.1	0.2	0.31	-0.38	-0.5	-0.81	-0.12	0.41	0.29	0.38	-0.38	0.08	-0.25	-0.33	0.41	0.2	0.55	-0.57		0.23	0.3	0.61	0.61	0.71
Short Long Term Debt	0.14	-0.35	0.06	0.13	0.06	-0.16	-0.29	-0.14	0.27	0.19	-0.19	0.09	-0.32	0.13	0.09	0.03	0.21	-0.03	0.3	0.07	0.23		0.21	0.55	0.49	0.12
Total Current Assets	0.5	-0.38	0.48	0.44	0.41	0.52	0.28	0.05	0.14	0.47	-0.27	0.41	-0.28	0.51	0.56	-0.04	0.12	0.5	0.93	0.42	0.3	0.21		-0.23	0.46	-0.29
Short Term Debt	-0.15	-0.13	-0.19	-0.05	0.01	-0.52	-0.6	-0.61	0.02	0.07	0.23	0.15	-0.06	-0.17	-0.41	-0.19	0.24	-0.14	0.0	-0.58	0.61	0.55	-0.23		0.24	0.64
Non Current Assets Total	0.24	-0.67	0.17	0.25	0.15	-0.29	-0.23	-0.29	0.27	0.44	-0.32	0.17	-0.82	0.23	0.2	-0.11	0.44	0.28	0.65	0.02	0.61	0.49	0.46	0.24		0.3
Non Currrent Assets Other	-0.17	-0.07	-0.11	-0.11	-0.07	-0.65	-0.73	-0.91	-0.38	0.16	0.5	0.15	-0.08	-0.18	-0.67	-0.25	0.35	-0.29	-0.03	-0.94	0.71	0.12	-0.29	0.64	0.3

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Harbin Air Account Relationship Matchups

Harbin Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	2.3B	2.1B	2.5B	2.9B	2.1B
Other Current Liab	384.8M	480.8M	194.9M	300.7M	123.3M	236.2M
Total Current Liabilities	1.2B	1.4B	1.1B	1.5B	1.7B	1.2B
Total Stockholder Equity	669.4M	705.2M	773.0M	810.0M	830.7M	755.6M
Retained Earnings	205.8M	240.9M	307.1M	344.5M	211.4M	252.7M
Accounts Payable	575.5M	638.6M	668.3M	605.9M	702.9M	432.0M
Cash	194.2M	325.1M	299.7M	237.7M	306.4M	208.6M
Other Assets	84.6M	146.9M	155.2M	141.4M	162.6M	170.7M
Long Term Debt	100M	130M	200M	110.5M	334.3M	351.0M
Net Receivables	782.1M	684.3M	683.9M	833.6M	1.1B	874.0M
Inventory	318.6M	387.9M	223.6M	277.8M	344.9M	278.8M
Other Current Assets	138.7M	166.3M	33.4M	54.3M	8.4M	8.0M
Total Liab	1.3B	1.6B	1.4B	1.6B	2.1B	1.4B
Intangible Assets	1.9M	33.6M	35.8M	41.9M	60.9M	64.0M
Property Plant Equipment	425.9M	376.3M	389.0M	436.9M	502.4M	490.1M
Other Liab	124.9K	28.5M	46.9M	30.3M	34.9M	21.4M
Net Tangible Assets	631.3M	671.6M	737.2M	767.3M	882.3M	743.7M
Other Stockholder Equity	104.1K	759.9K	1.1M	1.2M	1.4M	1.5M
Short Long Term Debt	150M	110M	100M	338.9M	329.7M	253.8M
Total Current Assets	1.4B	1.7B	1.5B	1.8B	2.2B	1.7B
Non Current Assets Total	579.6M	585.1M	608.9M	648.7M	743.2M	707.4M
Non Currrent Assets Other	579.6M	67.9M	70.0M	57.0M	84.4M	80.2M
Non Current Liabilities Total	100.1M	158.5M	246.9M	140.9M	376.8M	208.8M
Non Current Liabilities Other	100M	28.3M	46.9M	27.9M	36.5M	69.4M
Net Invested Capital	919.4M	945.2M	1.1B	1.3B	1.5B	1.2B
Net Working Capital	190.0M	278.9M	413.9M	321.5M	491.5M	260.8M

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Other Information on Investing in Harbin Stock

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

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Harbin Change To Inventory vs Free Cash Flow Analysis

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Inventory

Free Cash Flow

Harbin Air fundamental ratios Correlations

Harbin Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harbin Air fundamental ratios Accounts

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Other Information on Investing in Harbin Stock

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Liabilities	+ 0.95	Total Assets
Total Liab	+ 0.95	Total Current Liabilities
Total Liab	+ 0.95	Total Stockholder Equity
Total Current Assets	+ 0.93	Net Tangible Assets

Non Currrent Assets Other	- 0.94	Other Stockholder Equity
Non Currrent Assets Other	- 0.91	Other Assets
Non Current Assets Total	- 0.82	Other Current Assets
Long Term Investments	- 0.81	Other Assets
Non Currrent Assets Other	- 0.73	Cash
Other Stockholder Equity	- 0.69	Short Term Investments