Zhangjiagang Net Income vs Capital Expenditures Analysis

603221 Stock

9.55 0.29 2.95%

Zhangjiagang Elegant financial indicator trend analysis is more than just analyzing Zhangjiagang Elegant Home current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhangjiagang Elegant Home is a good investment. Please check the relationship between Zhangjiagang Elegant Net Income and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhangjiagang Elegant Home. 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 Zhangjiagang Elegant Home Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.

The correlation between Zhangjiagang Elegant's Net Income and Capital Expenditures is -0.88. 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 Zhangjiagang Elegant Home, assuming nothing else is changed. The correlation between historical values of Zhangjiagang Elegant'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 Zhangjiagang Elegant Home 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., Zhangjiagang Elegant's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Zhangjiagang Elegant Home financial statement analysis. It represents the amount of money remaining after all of Zhangjiagang Elegant Home operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Zhangjiagang Elegant Home to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Zhangjiagang Elegant operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Zhangjiagang Elegant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhangjiagang Elegant Home 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 Zhangjiagang Elegant Home. 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 34.3 M, whereas Tax Provision is forecasted to decline to about 3.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	27.3M	217.9M	196.1M	175.9M
Total Revenue	799.0M	1.2B	1.1B	866.1M

Gross Profit Total Revenue

Zhangjiagang Elegant fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock Shares Outstanding	Net Invested Capital	Short Long Term Debt	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Capital Lease Obligations
Total Assets		-0.68	0.82	0.98	0.72	0.94	0.9	0.91	-0.51	0.7	0.84	-0.7	0.88	0.79	0.81	0.98	0.99	0.63	0.62	0.97	0.96	0.96	-0.87	0.82
Other Current Liab	-0.68		-0.49	-0.68	-0.59	-0.72	-0.59	-0.73	0.1	-0.31	-0.63	0.59	-0.55	-0.32	-0.68	-0.65	-0.72	-0.58	-0.33	-0.65	-0.74	-0.73	0.79	-0.62
Total Current Liabilities	0.82	-0.49		0.68	0.27	0.77	0.71	0.78	-0.44	0.87	0.76	-0.79	0.99	0.57	0.7	0.77	0.79	0.7	0.36	0.77	0.81	0.82	-0.76	0.76
Total Stockholder Equity	0.98	-0.68	0.68		0.8	0.93	0.92	0.86	-0.52	0.59	0.84	-0.64	0.75	0.83	0.8	0.98	0.98	0.52	0.71	0.97	0.91	0.9	-0.83	0.73
Retained Earnings	0.72	-0.59	0.27	0.8		0.65	0.71	0.63	-0.26	0.38	0.48	-0.28	0.38	0.65	0.58	0.72	0.74	0.41	0.59	0.72	0.64	0.65	-0.57	0.53
Accounts Payable	0.94	-0.72	0.77	0.93	0.65		0.89	0.87	-0.6	0.64	0.92	-0.85	0.81	0.75	0.94	0.93	0.97	0.49	0.71	0.92	0.88	0.87	-0.83	0.71
Cash	0.9	-0.59	0.71	0.92	0.71	0.89		0.75	-0.58	0.7	0.93	-0.72	0.72	0.93	0.83	0.91	0.93	0.5	0.85	0.91	0.76	0.76	-0.71	0.53
Non Current Assets Total	0.91	-0.73	0.78	0.86	0.63	0.87	0.75		-0.43	0.63	0.76	-0.69	0.84	0.61	0.75	0.92	0.9	0.8	0.47	0.93	0.96	0.96	-0.96	0.9
Non Currrent Assets Other	-0.51	0.1	-0.44	-0.52	-0.26	-0.6	-0.58	-0.43		-0.51	-0.6	0.69	-0.44	-0.71	-0.67	-0.54	-0.56	-0.17	-0.8	-0.55	-0.36	-0.35	0.2	-0.33
Net Receivables	0.7	-0.31	0.87	0.59	0.38	0.64	0.7	0.63	-0.51		0.63	-0.72	0.85	0.65	0.66	0.65	0.69	0.67	0.47	0.65	0.61	0.64	-0.53	0.61
Inventory	0.84	-0.63	0.76	0.84	0.48	0.92	0.93	0.76	-0.6	0.63		-0.86	0.75	0.81	0.89	0.86	0.88	0.45	0.79	0.86	0.74	0.72	-0.74	0.49
Other Current Assets	-0.7	0.59	-0.79	-0.64	-0.28	-0.85	-0.72	-0.69	0.69	-0.72	-0.86		-0.77	-0.58	-0.93	-0.67	-0.75	-0.46	-0.64	-0.68	-0.64	-0.63	0.62	-0.53
Total Liab	0.88	-0.55	0.99	0.75	0.38	0.81	0.72	0.84	-0.44	0.85	0.75	-0.77		0.58	0.72	0.83	0.84	0.73	0.37	0.82	0.88	0.89	-0.81	0.84
Total Current Assets	0.79	-0.32	0.57	0.83	0.65	0.75	0.93	0.61	-0.71	0.65	0.81	-0.58	0.58		0.69	0.83	0.82	0.37	0.91	0.83	0.6	0.6	-0.5	0.4
Intangible Assets	0.81	-0.68	0.7	0.8	0.58	0.94	0.83	0.75	-0.67	0.66	0.89	-0.93	0.72	0.69		0.79	0.86	0.41	0.76	0.79	0.72	0.71	-0.68	0.56
Common Stock Shares Outstanding	0.98	-0.65	0.77	0.98	0.72	0.93	0.91	0.92	-0.54	0.65	0.86	-0.67	0.83	0.83	0.79		0.98	0.63	0.67	1.0	0.93	0.93	-0.86	0.78
Net Invested Capital	0.99	-0.72	0.79	0.98	0.74	0.97	0.93	0.9	-0.56	0.69	0.88	-0.75	0.84	0.82	0.86	0.98		0.61	0.7	0.97	0.93	0.93	-0.86	0.78
Short Long Term Debt	0.63	-0.58	0.7	0.52	0.41	0.49	0.5	0.8	-0.17	0.67	0.45	-0.46	0.73	0.37	0.41	0.63	0.61		0.15	0.65	0.72	0.74	-0.76	0.81
Net Working Capital	0.62	-0.33	0.36	0.71	0.59	0.71	0.85	0.47	-0.8	0.47	0.79	-0.64	0.37	0.91	0.76	0.67	0.7	0.15		0.67	0.41	0.4	-0.34	0.19
Capital Stock	0.97	-0.65	0.77	0.97	0.72	0.92	0.91	0.93	-0.55	0.65	0.86	-0.68	0.82	0.83	0.79	1.0	0.97	0.65	0.67		0.93	0.93	-0.87	0.79
Property Plant And Equipment Net	0.96	-0.74	0.81	0.91	0.64	0.88	0.76	0.96	-0.36	0.61	0.74	-0.64	0.88	0.6	0.72	0.93	0.93	0.72	0.41	0.93		1.0	-0.95	0.92
Property Plant And Equipment Gross	0.96	-0.73	0.82	0.9	0.65	0.87	0.76	0.96	-0.35	0.64	0.72	-0.63	0.89	0.6	0.71	0.93	0.93	0.74	0.4	0.93	1.0		-0.94	0.93
Short Term Investments	-0.87	0.79	-0.76	-0.83	-0.57	-0.83	-0.71	-0.96	0.2	-0.53	-0.74	0.62	-0.81	-0.5	-0.68	-0.86	-0.86	-0.76	-0.34	-0.87	-0.95	-0.94		-0.84
Capital Lease Obligations	0.82	-0.62	0.76	0.73	0.53	0.71	0.53	0.9	-0.33	0.61	0.49	-0.53	0.84	0.4	0.56	0.78	0.78	0.81	0.19	0.79	0.92	0.93	-0.84

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Zhangjiagang Elegant Account Relationship Matchups

Zhangjiagang Elegant fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.8B	1.9B	2.0B	2.2B	2.6B	1.6B
Other Current Liab	5.6M	1.6M	1.8M	2.8M	2.5M	3.1M
Total Current Liabilities	293.8M	385.9M	410.0M	510.5M	587.1M	391.5M
Total Stockholder Equity	1.5B	1.4B	1.4B	1.5B	1.7B	1.1B
Retained Earnings	460.3M	440.8M	398.0M	465.4M	535.3M	414.4M
Accounts Payable	229.1M	259.3M	266.4M	234.0M	269.1M	195.8M
Cash	381.3M	385.9M	211.1M	347.1M	399.1M	274.7M
Non Current Assets Total	633.1M	1.0B	1.4B	1.4B	1.6B	1.6B
Non Currrent Assets Other	2.5M	30.0M	19.9M	21.8M	19.6M	16.8M
Net Receivables	189.2M	163.6M	132.1M	273.2M	314.2M	203.5M
Non Current Liabilities Total	25.4M	23.1M	105.6M	111.1M	127.8M	134.2M
Inventory	231.9M	265.3M	198.3M	201.9M	232.2M	212.5M
Other Current Assets	20.9M	20.0M	11.3M	11.5M	10.3M	9.8M
Total Liab	319.2M	409.0M	515.6M	621.7M	714.9M	429.8M
Total Current Assets	1.1B	861.2M	597.8M	861.1M	990.3M	799.5M
Intangible Assets	98.6M	98.8M	94.5M	87.9M	101.1M	84.6M
Net Invested Capital	1.5B	1.5B	1.5B	1.7B	2.0B	1.3B
Short Long Term Debt	20.0M	94.2M	111.2M	232.6M	267.5M	280.9M
Net Working Capital	844.4M	475.3M	187.8M	350.6M	403.2M	408.4M
Property Plant And Equipment Net	525.5M	869.8M	1.3B	1.2B	1.3B	902.8M
Property Plant And Equipment Gross	696.9M	1.1B	1.5B	1.5B	1.8B	1.2B

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Other Information on Investing in Zhangjiagang Stock

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

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Zhangjiagang Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Zhangjiagang Elegant fundamental ratios Correlations

Zhangjiagang Elegant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhangjiagang Elegant fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Zhangjiagang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Capital Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Net Invested Capital	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Total Assets

Short Term Investments	- 0.96	Non Current Assets Total
Short Term Investments	- 0.95	Property Plant And Equipment Net
Short Term Investments	- 0.94	Property Plant And Equipment Gross
Intangible Assets	- 0.93	Other Current Assets
Short Term Investments	- 0.87	Capital Stock
Short Term Investments	- 0.87	Total Assets