AVIC Change To Inventory vs Change In Working Capital Analysis

600765 Stock

19.81 0.46 2.27%

AVIC Heavy financial indicator trend analysis is way more than just evaluating AVIC Heavy Machinery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AVIC Heavy Machinery is a good investment. Please check the relationship between AVIC Heavy Change To Inventory and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AVIC Heavy Machinery. 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.

Change To Inventory vs Change In Working Capital

Change To Inventory vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AVIC Heavy Machinery Change To Inventory account and Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between AVIC Heavy's Change To Inventory and Change In Working Capital is 0.66. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of AVIC Heavy Machinery, assuming nothing else is changed. The correlation between historical values of AVIC Heavy's Change To Inventory 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 Change To Inventory of AVIC Heavy Machinery 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 Change To Inventory i.e., AVIC Heavy's Change To Inventory and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Change To Inventory

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

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 AVIC Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AVIC Heavy Machinery 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 AVIC Heavy Machinery. 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 324.7 M, whereas Tax Provision is forecasted to decline to about 131.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	3.1B	3.3B	2.2B
Research Development	346.5M	434.1M	661.2M	694.3M

Gross Profit Research Development

AVIC Heavy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Other Liab	Retained Earnings	Intangible Assets	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.33	0.95	0.95	0.98	0.86	0.93	0.25	0.72	0.98	-0.25	0.95	0.97	0.37	0.18	0.95	0.31	0.79	0.76	0.03	0.13	0.64	0.12	0.8	0.49	0.28
Other Current Liab	0.33		0.39	0.25	0.17	0.39	0.19	0.09	0.11	0.33	0.37	0.38	0.24	0.37	0.17	0.17	0.31	0.23	0.2	0.35	0.45	-0.08	-0.15	0.29	0.07	0.05
Total Current Liabilities	0.95	0.39		0.85	0.92	0.74	0.86	0.17	0.81	0.92	-0.05	0.97	0.93	0.46	0.34	0.85	0.43	0.69	0.65	0.12	0.3	0.57	0.28	0.68	0.59	0.27
Total Stockholder Equity	0.95	0.25	0.85		0.97	0.95	0.97	0.07	0.54	0.92	-0.48	0.81	0.95	0.12	-0.08	0.99	0.13	0.86	0.89	-0.02	0.05	0.75	0.04	0.91	0.46	0.23
Accounts Payable	0.98	0.17	0.92	0.97		0.86	0.96	0.16	0.69	0.95	-0.36	0.89	0.97	0.25	0.08	0.98	0.23	0.79	0.81	-0.05	0.06	0.74	0.17	0.82	0.53	0.24
Cash	0.86	0.39	0.74	0.95	0.86		0.88	0.0	0.34	0.83	-0.47	0.69	0.86	0.04	-0.19	0.92	0.04	0.83	0.89	0.01	0.04	0.67	-0.1	0.93	0.36	0.18
Other Assets	0.93	0.19	0.86	0.97	0.96	0.88		0.0	0.6	0.87	-0.52	0.81	0.95	0.09	-0.02	0.99	0.19	0.89	0.85	0.09	0.11	0.73	0.07	0.88	0.48	0.32
Long Term Debt	0.25	0.09	0.17	0.07	0.16	0.0	0.0		0.32	0.37	0.31	0.39	0.09	0.69	0.41	0.05	0.45	-0.12	0.02	-0.22	-0.13	0.04	0.0	-0.01	-0.08	0.0
Net Receivables	0.72	0.11	0.81	0.54	0.69	0.34	0.6	0.32		0.69	0.04	0.83	0.71	0.57	0.58	0.57	0.39	0.4	0.29	0.28	0.24	0.42	0.44	0.28	0.5	0.21
Inventory	0.98	0.33	0.92	0.92	0.95	0.83	0.87	0.37	0.69		-0.18	0.94	0.93	0.46	0.19	0.9	0.31	0.68	0.74	-0.11	0.02	0.65	0.12	0.75	0.46	0.15
Other Current Assets	-0.25	0.37	-0.05	-0.48	-0.36	-0.47	-0.52	0.31	0.04	-0.18		0.02	-0.36	0.56	0.55	-0.52	0.42	-0.59	-0.54	-0.01	0.28	-0.47	0.32	-0.52	0.08	-0.22
Total Liab	0.95	0.38	0.97	0.81	0.89	0.69	0.81	0.39	0.83	0.94	0.02		0.89	0.57	0.41	0.81	0.49	0.64	0.57	0.07	0.21	0.5	0.24	0.61	0.51	0.26
Common Stock	0.97	0.24	0.93	0.95	0.97	0.86	0.95	0.09	0.71	0.93	-0.36	0.89		0.28	0.15	0.96	0.18	0.84	0.76	0.06	0.1	0.64	0.06	0.79	0.42	0.36
Property Plant Equipment	0.37	0.37	0.46	0.12	0.25	0.04	0.09	0.69	0.57	0.46	0.56	0.57	0.28		0.78	0.1	0.46	-0.09	0.03	0.02	0.26	-0.02	0.1	0.03	0.06	0.15
Other Liab	0.18	0.17	0.34	-0.08	0.08	-0.19	-0.02	0.41	0.58	0.19	0.55	0.41	0.15	0.78		-0.07	0.45	-0.13	-0.24	0.31	0.2	-0.16	0.13	-0.23	-0.01	0.18
Retained Earnings	0.95	0.17	0.85	0.99	0.98	0.92	0.99	0.05	0.57	0.9	-0.52	0.81	0.96	0.1	-0.07		0.13	0.88	0.87	-0.01	0.04	0.74	0.06	0.89	0.47	0.29
Intangible Assets	0.31	0.31	0.43	0.13	0.23	0.04	0.19	0.45	0.39	0.31	0.42	0.49	0.18	0.46	0.45	0.13		0.02	0.09	0.07	0.48	-0.01	0.27	0.12	0.28	0.18
Good Will	0.79	0.23	0.69	0.86	0.79	0.83	0.89	-0.12	0.4	0.68	-0.59	0.64	0.84	-0.09	-0.13	0.88	0.02		0.72	0.27	0.13	0.5	-0.18	0.82	0.22	0.54
Net Tangible Assets	0.76	0.2	0.65	0.89	0.81	0.89	0.85	0.02	0.29	0.74	-0.54	0.57	0.76	0.03	-0.24	0.87	0.09	0.72		-0.08	0.11	0.83	0.04	0.98	0.43	0.24
Other Stockholder Equity	0.03	0.35	0.12	-0.02	-0.05	0.01	0.09	-0.22	0.28	-0.11	-0.01	0.07	0.06	0.02	0.31	-0.01	0.07	0.27	-0.08		0.58	-0.14	-0.03	-0.01	-0.02	0.26
Deferred Long Term Liab	0.13	0.45	0.3	0.05	0.06	0.04	0.11	-0.13	0.24	0.02	0.28	0.21	0.1	0.26	0.2	0.04	0.48	0.13	0.11	0.58		-0.14	0.22	0.17	0.29	0.32
Long Term Investments	0.64	-0.08	0.57	0.75	0.74	0.67	0.73	0.04	0.42	0.65	-0.47	0.5	0.64	-0.02	-0.16	0.74	-0.01	0.5	0.83	-0.14	-0.14		0.41	0.74	0.66	-0.07
Short Long Term Debt	0.12	-0.15	0.28	0.04	0.17	-0.1	0.07	0.0	0.44	0.12	0.32	0.24	0.06	0.1	0.13	0.06	0.27	-0.18	0.04	-0.03	0.22	0.41		-0.04	0.87	-0.33
Total Current Assets	0.8	0.29	0.68	0.91	0.82	0.93	0.88	-0.01	0.28	0.75	-0.52	0.61	0.79	0.03	-0.23	0.89	0.12	0.82	0.98	-0.01	0.17	0.74	-0.04		0.39	0.35
Short Term Debt	0.49	0.07	0.59	0.46	0.53	0.36	0.48	-0.08	0.5	0.46	0.08	0.51	0.42	0.06	-0.01	0.47	0.28	0.22	0.43	-0.02	0.29	0.66	0.87	0.39		-0.25
Non Current Assets Total	0.28	0.05	0.27	0.23	0.24	0.18	0.32	0.0	0.21	0.15	-0.22	0.26	0.36	0.15	0.18	0.29	0.18	0.54	0.24	0.26	0.32	-0.07	-0.33	0.35	-0.25

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AVIC Heavy Account Relationship Matchups

AVIC Heavy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.4B	15.7B	19.7B	21.1B	25.4B	26.7B
Other Current Liab	279.3M	283.1M	1.9B	1.3B	680.1M	643.3M
Total Current Liabilities	6.1B	6.1B	7.3B	9.5B	10.6B	11.2B
Total Stockholder Equity	6.1B	6.7B	9.4B	10.4B	11.5B	12.1B
Accounts Payable	3.9B	4.6B	4.6B	5.9B	7.0B	7.4B
Cash	2.7B	3.1B	6.1B	5.7B	5.2B	5.5B
Other Assets	234.6M	247.2M	371.4M	569.3M	654.7M	687.4M
Long Term Debt	1.7B	2.1B	2.1B	336.0M	1.9B	1.0B
Net Receivables	4.7B	2.3B	2.6B	3.8B	5.6B	5.9B
Inventory	2.4B	3.1B	3.2B	3.3B	3.7B	3.9B
Other Current Assets	295.6M	391.4M	369.6M	116.0M	52.6M	50.0M
Total Liab	7.9B	8.5B	9.8B	10.3B	13.2B	13.8B
Common Stock	933.6M	939.7M	1.1B	1.5B	1.7B	1.8B
Property Plant Equipment	3.1B	3.0B	2.8B	3.3B	3.7B	2.2B
Other Liab	360.4M	141.6M	143.1M	345.4M	397.2M	304.2M
Retained Earnings	2.4B	2.8B	3.4B	4.5B	5.3B	5.6B
Intangible Assets	257.9M	270.1M	332.5M	301.5M	516.4M	264.5M
Net Tangible Assets	5.9B	6.4B	9.0B	10.1B	11.6B	6.0B
Other Stockholder Equity	(9.4M)	(154.3M)	31.7M	26.8M	24.1M	25.3M
Deferred Long Term Liab	2.9M	1.9M	4.0M	4.9M	4.4M	3.1M
Short Long Term Debt	1.8B	1.1B	535.4M	272.1M	1.1B	1.1B
Total Current Assets	10.1B	11.5B	15.4B	16.1B	17.8B	12.8B
Non Current Assets Total	4.3B	4.1B	4.3B	5.0B	7.6B	5.3B
Non Currrent Assets Other	100.1M	87.6M	174.5M	343.3M	292.5M	172.8M
Non Current Liabilities Total	1.8B	2.4B	2.5B	759.8M	2.6B	2.1B
Non Current Liabilities Other	63.2M	1.6B	1.3B	1.5M	1.8M	1.7M
Common Stock Shares Outstanding	933.6M	939.7M	1.1B	1.5B	1.5B	1.2B
Net Invested Capital	9.2B	9.9B	12.0B	11.0B	14.6B	11.3B
Net Working Capital	4.0B	5.5B	8.1B	6.5B	7.2B	5.6B
Capital Stock	933.6M	939.7M	1.1B	1.5B	1.5B	1.2B

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Other Information on Investing in AVIC Stock

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

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AVIC Change To Inventory vs Change In Working Capital Analysis

Change To Inventory vs Change In Working Capital

Change To Inventory vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Change To Inventory

Change In Working Capital

AVIC Heavy fundamental ratios Correlations

AVIC Heavy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AVIC Heavy fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in AVIC Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Other Assets
Accounts Payable	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Accounts Payable
Total Current Assets	+ 0.98	Net Tangible Assets

Good Will	- 0.59	Other Current Assets
Net Tangible Assets	- 0.54	Other Current Assets
Total Current Assets	- 0.52	Other Current Assets
Retained Earnings	- 0.52	Other Current Assets
Other Current Assets	- 0.52	Other Assets
Other Current Assets	- 0.48	Total Stockholder Equity