| 600633 Stock | | | 11.14 0.18 1.64% |
Zhejiang Daily financial indicator trend analysis is more than just analyzing Zhejiang Daily Media current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Daily Media is a good investment. Please check the relationship between Zhejiang Daily Capital Expenditures and its Change In Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Daily Media. 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 Change In Working Capital
Capital Expenditures vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Daily Media Capital Expenditures account and
Change In Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zhejiang Daily's Capital Expenditures and Change In Working Capital is 0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Zhejiang Daily Media, assuming nothing else is changed. The correlation between historical values of Zhejiang Daily's Capital Expenditures and Change In Working Capital 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 Daily Media are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Capital Expenditures i.e., Zhejiang Daily's Capital Expenditures and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Zhejiang Daily Media 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 Daily operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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.
Most indicators from Zhejiang Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Daily Media 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 Daily Media. 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 390.7
M, whereas
Discontinued Operations is projected to grow to (186.6
K).
Zhejiang Daily fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Daily Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Daily fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Daily Media at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Daily Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Daily 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.