Zhongzhu Depreciation vs Change In Cash Analysis

600568 Stock

1.57 0.01 0.64%

Zhongzhu Medical financial indicator trend analysis is more than just analyzing Zhongzhu Medical Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongzhu Medical Holdings is a good investment. Please check the relationship between Zhongzhu Medical Depreciation and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongzhu Medical Holdings. 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.

Depreciation vs Change In Cash

Depreciation vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongzhu Medical Holdings Depreciation account and Change In Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhongzhu Medical's Depreciation and Change In Cash is 0.73. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Zhongzhu Medical Holdings, assuming nothing else is changed. The correlation between historical values of Zhongzhu Medical's Depreciation and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Zhongzhu Medical Holdings are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., Zhongzhu Medical's Depreciation and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Depreciation

Depreciation indicates how much of Zhongzhu Medical Holdings value has been used up. For tax purposes Zhongzhu Medical can deduct the cost of the tangible assets it purchases as business expenses. However, Zhongzhu Medical Holdings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change In Cash

Most indicators from Zhongzhu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongzhu Medical Holdings 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 Zhongzhu Medical Holdings. 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 86.5 M, whereas Tax Provision is forecasted to decline to about 15.1 K.

	2021	2022	2023	2024 (projected)
Gross Profit	166.2M	127.5M	161.1M	178.5M
Research Development	24.7M	18.2M	16.2M	27.2M

Gross Profit Research Development

Zhongzhu Medical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Other Assets	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.57	0.26	0.96	0.54	0.17	-0.11	0.89	0.08	0.73	0.35	-0.19	0.37	0.85	0.42	0.35	0.26	0.63	0.76	0.85	-0.08	0.33	-0.39	0.43	-0.55	0.09
Other Current Liab	0.57		0.74	0.39	0.24	0.74	0.21	0.49	0.61	0.46	0.75	0.47	0.84	0.63	-0.38	-0.35	-0.1	0.04	0.38	0.29	-0.63	-0.38	0.41	0.61	0.25	0.53
Total Current Liabilities	0.26	0.74		0.0	-0.01	0.57	0.71	0.36	0.77	0.13	0.83	0.7	0.91	0.45	-0.42	-0.45	-0.46	-0.15	0.02	-0.15	-0.33	-0.54	0.54	0.42	0.5	0.23
Total Stockholder Equity	0.96	0.39	0.0		0.51	0.04	-0.32	0.84	-0.15	0.71	0.12	-0.39	0.12	0.74	0.53	0.48	0.42	0.66	0.82	0.93	0.0	0.47	-0.55	0.34	-0.7	0.06
Other Liab	0.54	0.24	-0.01	0.51		-0.08	-0.23	0.38	-0.01	0.78	0.1	-0.02	0.21	0.61	0.38	0.23	-0.09	0.48	0.24	0.5	-0.02	0.37	-0.28	0.33	-0.44	-0.37
Retained Earnings	0.17	0.74	0.57	0.04	-0.08		0.23	0.31	0.64	0.28	0.58	0.52	0.61	0.38	-0.77	-0.78	0.14	-0.41	0.35	0.11	-0.79	-0.74	0.79	0.81	0.64	0.63
Accounts Payable	-0.11	0.21	0.71	-0.32	-0.23	0.23		0.09	0.69	-0.23	0.48	0.66	0.62	0.07	-0.34	-0.33	-0.51	-0.3	-0.33	-0.43	-0.14	-0.42	0.43	0.03	0.48	0.04
Cash	0.89	0.49	0.36	0.84	0.38	0.31	0.09		0.18	0.69	0.34	-0.1	0.4	0.85	0.23	0.1	0.32	0.46	0.78	0.72	-0.07	0.14	-0.19	0.57	-0.35	0.05
Long Term Debt	0.08	0.61	0.77	-0.15	-0.01	0.64	0.69	0.18		0.03	0.83	0.63	0.84	0.34	-0.55	-0.62	-0.41	-0.16	-0.1	-0.27	-0.44	-0.57	0.7	0.43	0.65	0.24
Net Receivables	0.73	0.46	0.13	0.71	0.78	0.28	-0.23	0.69	0.03		0.1	0.05	0.28	0.78	0.24	0.02	0.16	0.33	0.67	0.77	-0.18	0.23	-0.14	0.69	-0.37	-0.07
Inventory	0.35	0.75	0.83	0.12	0.1	0.58	0.48	0.34	0.83	0.1		0.48	0.85	0.49	-0.42	-0.39	-0.29	0.0	0.13	-0.07	-0.33	-0.53	0.48	0.45	0.42	0.23
Other Current Assets	-0.19	0.47	0.7	-0.39	-0.02	0.52	0.66	-0.1	0.63	0.05	0.48		0.68	-0.03	-0.64	-0.63	-0.63	-0.62	-0.22	-0.37	-0.42	-0.63	0.68	0.38	0.63	0.1
Total Liab	0.37	0.84	0.91	0.12	0.21	0.61	0.62	0.4	0.84	0.28	0.85	0.68		0.56	-0.4	-0.44	-0.46	0.0	0.04	-0.05	-0.47	-0.44	0.53	0.47	0.43	0.25
Intangible Assets	0.85	0.63	0.45	0.74	0.61	0.38	0.07	0.85	0.34	0.78	0.49	-0.03	0.56		0.19	0.0	0.16	0.54	0.59	0.64	-0.21	0.11	-0.03	0.61	-0.21	0.09
Common Stock	0.42	-0.38	-0.42	0.53	0.38	-0.77	-0.34	0.23	-0.55	0.24	-0.42	-0.64	-0.4	0.19		0.88	0.04	0.76	0.14	0.47	0.62	0.94	-0.92	-0.43	-0.89	-0.46
Property Plant Equipment	0.35	-0.35	-0.45	0.48	0.23	-0.78	-0.33	0.1	-0.62	0.02	-0.39	-0.63	-0.44	0.0	0.88		0.16	0.64	0.08	0.4	0.48	0.82	-0.95	-0.6	-0.88	-0.25
Short Term Investments	0.26	-0.1	-0.46	0.42	-0.09	0.14	-0.51	0.32	-0.41	0.16	-0.29	-0.63	-0.46	0.16	0.04	0.16		0.1	0.58	0.53	-0.16	0.04	-0.23	0.2	-0.29	0.38
Other Assets	0.63	0.04	-0.15	0.66	0.48	-0.41	-0.3	0.46	-0.16	0.33	0.0	-0.62	0.0	0.54	0.76	0.64	0.1		0.21	0.46	0.31	0.77	-0.63	-0.21	-0.67	-0.26
Good Will	0.76	0.38	0.02	0.82	0.24	0.35	-0.33	0.78	-0.1	0.67	0.13	-0.22	0.04	0.59	0.14	0.08	0.58	0.21		0.85	-0.07	0.08	-0.23	0.64	-0.42	0.16
Net Tangible Assets	0.85	0.29	-0.15	0.93	0.5	0.11	-0.43	0.72	-0.27	0.77	-0.07	-0.37	-0.05	0.64	0.47	0.4	0.53	0.46	0.85		-0.11	0.43	-0.49	0.44	-0.66	0.15
Deferred Long Term Liab	-0.08	-0.63	-0.33	0.0	-0.02	-0.79	-0.14	-0.07	-0.44	-0.18	-0.33	-0.42	-0.47	-0.21	0.62	0.48	-0.16	0.31	-0.07	-0.11		0.51	-0.61	-0.47	-0.5	-0.79
Long Term Investments	0.33	-0.38	-0.54	0.47	0.37	-0.74	-0.42	0.14	-0.57	0.23	-0.53	-0.63	-0.44	0.11	0.94	0.82	0.04	0.77	0.08	0.43	0.51		-0.86	-0.47	-0.85	-0.43
Short Long Term Debt	-0.39	0.41	0.54	-0.55	-0.28	0.79	0.43	-0.19	0.7	-0.14	0.48	0.68	0.53	-0.03	-0.92	-0.95	-0.23	-0.63	-0.23	-0.49	-0.61	-0.86		0.49	0.96	0.39
Total Current Assets	0.43	0.61	0.42	0.34	0.33	0.81	0.03	0.57	0.43	0.69	0.45	0.38	0.47	0.61	-0.43	-0.6	0.2	-0.21	0.64	0.44	-0.47	-0.47	0.49		0.28	0.23
Short Term Debt	-0.55	0.25	0.5	-0.7	-0.44	0.64	0.48	-0.35	0.65	-0.37	0.42	0.63	0.43	-0.21	-0.89	-0.88	-0.29	-0.67	-0.42	-0.66	-0.5	-0.85	0.96	0.28		0.36
Non Current Assets Total	0.09	0.53	0.23	0.06	-0.37	0.63	0.04	0.05	0.24	-0.07	0.23	0.1	0.25	0.09	-0.46	-0.25	0.38	-0.26	0.16	0.15	-0.79	-0.43	0.39	0.23	0.36

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Zhongzhu Medical Account Relationship Matchups

Zhongzhu Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	4.5B	4.5B	3.7B	3.0B	3.1B
Other Current Liab	469.5M	291.9M	239.6M	234.9M	9.2M	8.7M
Total Current Liabilities	695.8M	459.2M	402.7M	463.3M	372.7M	743.6M
Total Stockholder Equity	3.7B	3.8B	3.6B	2.8B	2.5B	2.1B
Other Liab	133.5M	68.5M	57.8M	54.2M	62.3M	67.8M
Retained Earnings	(1.3B)	(1.2B)	(1.4B)	(2.2B)	(2.6B)	(2.5B)
Accounts Payable	54.1M	85.1M	86.8M	62.5M	96.9M	151.0M
Cash	604.9M	698.6M	527.3M	577.2M	534.0M	523.4M
Long Term Debt	178.4M	140.1M	37.4M	17.7M	20.4M	19.4M
Net Receivables	739.0M	108.9M	80.1M	91.6M	94.2M	89.5M
Inventory	747.6M	659.0M	641.7M	631.2M	545.3M	833.3M
Other Current Assets	31.7M	11.3M	11.4M	7.5M	32.5M	30.8M
Total Liab	899.3M	545.4M	729.2M	776.0M	428.4M	406.9M
Intangible Assets	120.5M	63.7M	52.6M	47.9M	45.4M	64.2M
Property Plant Equipment	1.1B	1.0B	1.3B	841.1M	967.3M	1.0B
Other Assets	534.2M	472.4M	478.0M	510.6M	587.1M	298.3M
Net Tangible Assets	3.4B	3.5B	3.4B	2.6B	2.4B	2.8B
Deferred Long Term Liab	41.0M	12.5M	8.4M	226.7M	260.7M	273.7M
Short Long Term Debt	30M	8M	2.0M	1.8M	2.7M	2.5M
Total Current Assets	2.2B	2.1B	1.9B	1.8B	1.7B	2.4B
Non Current Assets Total	2.6B	2.4B	2.6B	1.9B	1.3B	1.7B
Non Currrent Assets Other	280.8M	8.1M	38.8M	4.2M	5.8M	5.5M
Non Current Liabilities Total	173.1M	86.2M	326.6M	312.7M	55.7M	52.9M
Net Invested Capital	3.8B	3.8B	3.6B	2.8B	2.5B	3.1B
Net Working Capital	1.5B	1.6B	1.5B	1.4B	1.3B	1.7B

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Other Information on Investing in Zhongzhu Stock

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

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Zhongzhu Depreciation vs Change In Cash Analysis

Depreciation vs Change In Cash

Depreciation vs Change In Cash Correlation Analysis

Correlation Coefficient

Depreciation

Change In Cash

Zhongzhu Medical fundamental ratios Correlations

Zhongzhu Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhongzhu Medical fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Zhongzhu Stock

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COMPANY

Total Stockholder Equity	+ 0.96	Total Assets
Short Term Debt	+ 0.96	Short Long Term Debt
Long Term Investments	+ 0.94	Common Stock
Net Tangible Assets	+ 0.93	Total Stockholder Equity
Total Liab	+ 0.91	Total Current Liabilities
Cash	+ 0.89	Total Assets

Short Long Term Debt	- 0.95	Property Plant Equipment
Short Long Term Debt	- 0.92	Common Stock
Short Term Debt	- 0.89	Common Stock
Short Term Debt	- 0.88	Property Plant Equipment
Short Long Term Debt	- 0.86	Long Term Investments
Short Term Debt	- 0.85	Long Term Investments