| 600255 Stock | | | 3.99 0.02 0.50% |
Xinke Material financial indicator trend analysis is more than just analyzing Xinke Material current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinke Material is a good investment. Please check the relationship between Xinke Material Net Income and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinke Material. 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.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinke Material Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xinke Material's Net Income and Capital Expenditures is 0.31. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Xinke Material, assuming nothing else is changed. The correlation between historical values of Xinke Material's Net Income 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 Net Income of Xinke Material 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 Net Income i.e., Xinke Material's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Xinke Material financial statement analysis. It represents the amount of money remaining after all of Xinke Material operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Xinke Material to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Xinke Material operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Xinke Material's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinke Material 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 Xinke Material. 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
Selling General Administrative is expected to grow to about 95.3
M, whereas
Discontinued Operations is forecasted to decline to (1.2
K).
Xinke Material fundamental ratios Correlations
Click cells to compare fundamentals
Xinke Material Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinke Material fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xinke Stock
Balance Sheet is a snapshot of the
financial position of Xinke Material at a specified time, usually calculated after every quarter, six months, or one year. Xinke Material Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinke Material 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 Xinke currently owns. An asset can also be divided into two categories, current and non-current.