Shandong Free Cash Flow vs Change In Cash Analysis

603536 Stock

11.61 1.06 10.05%

Shandong Huifa financial indicator trend analysis is much more than just breaking down Shandong Huifa Foodstuff prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Huifa Foodstuff is a good investment. Please check the relationship between Shandong Huifa Free Cash Flow and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Huifa Foodstuff. 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.

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Huifa Foodstuff Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shandong Huifa's Free Cash Flow and Change In Cash is 0.44. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Shandong Huifa Foodstuff, assuming nothing else is changed. The correlation between historical values of Shandong Huifa's Free Cash Flow 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 Free Cash Flow of Shandong Huifa Foodstuff 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 Free Cash Flow i.e., Shandong Huifa's Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Cash

Most indicators from Shandong Huifa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Huifa Foodstuff 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 Shandong Huifa Foodstuff. 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 144.6 M. The current year's Tax Provision is expected to grow to about 8 M

	2021	2022	2023	2024 (projected)
Cost Of Revenue	1.4B	1.4B	1.6B	1.0B
Research Development	20.5M	21.5M	19.6M	14.9M

Cost Of Revenue Research Development

Shandong Huifa fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt
Total Assets		-0.5	0.89	0.74	0.67	0.06	0.76	0.93	0.54	-0.66	0.86	0.94	0.47	0.85	0.64	0.84	0.9	0.67	-0.86	0.79	0.3	-0.86	0.81	0.91	-0.87	0.55
Other Current Liab	-0.5		-0.21	-0.7	-0.59	-0.14	-0.15	-0.28	-0.48	0.56	-0.71	-0.47	0.21	-0.16	-0.69	-0.57	-0.46	-0.73	0.72	-0.31	0.08	0.56	-0.2	-0.5	0.66	-0.16
Total Current Liabilities	0.89	-0.21		0.37	0.3	-0.31	0.94	0.91	0.65	-0.53	0.63	0.79	0.38	0.98	0.29	0.81	0.87	0.32	-0.63	0.92	0.2	-0.69	0.96	0.84	-0.71	0.69
Total Stockholder Equity	0.74	-0.7	0.37		0.88	0.56	0.18	0.6	0.13	-0.72	0.87	0.81	0.44	0.27	0.9	0.59	0.5	0.96	-0.9	0.31	0.36	-0.84	0.3	0.72	-0.8	0.14
Other Liab	0.67	-0.59	0.3	0.88		0.66	0.09	0.51	0.02	-0.44	0.76	0.7	0.45	0.26	0.83	0.39	0.51	0.78	-0.71	0.14	0.32	-0.61	0.16	0.52	-0.6	0.14
Retained Earnings	0.06	-0.14	-0.31	0.56	0.66		-0.52	0.02	-0.65	0.01	0.23	0.2	0.53	-0.35	0.56	-0.18	-0.15	0.43	-0.21	-0.51	0.38	-0.11	-0.4	-0.05	0.01	-0.26
Accounts Payable	0.76	-0.15	0.94	0.18	0.09	-0.52		0.73	0.69	-0.44	0.54	0.62	0.14	0.94	0.05	0.79	0.84	0.18	-0.5	0.91	0.02	-0.54	0.9	0.71	-0.62	0.68
Cash	0.93	-0.28	0.91	0.6	0.51	0.02	0.73		0.47	-0.58	0.68	0.92	0.59	0.86	0.53	0.74	0.75	0.52	-0.74	0.78	0.36	-0.83	0.88	0.89	-0.76	0.55
Other Assets	0.54	-0.48	0.65	0.13	0.02	-0.65	0.69	0.47		-0.41	0.37	0.34	-0.31	0.67	0.22	0.62	0.68	0.17	-0.38	0.79	-0.22	-0.43	0.64	0.52	-0.55	0.32
Long Term Debt	-0.66	0.56	-0.53	-0.72	-0.44	0.01	-0.44	-0.58	-0.41		-0.77	-0.74	-0.27	-0.37	-0.56	-0.76	-0.45	-0.82	0.89	-0.63	-0.28	0.88	-0.59	-0.85	0.9	-0.36
Net Receivables	0.86	-0.71	0.63	0.87	0.76	0.23	0.54	0.68	0.37	-0.77		0.87	0.33	0.55	0.68	0.86	0.76	0.87	-0.95	0.57	0.26	-0.84	0.56	0.85	-0.9	0.53
Inventory	0.94	-0.47	0.79	0.81	0.7	0.2	0.62	0.92	0.34	-0.74	0.87		0.56	0.71	0.63	0.79	0.72	0.77	-0.91	0.68	0.46	-0.93	0.76	0.95	-0.88	0.52
Other Current Assets	0.47	0.21	0.38	0.44	0.45	0.53	0.14	0.59	-0.31	-0.27	0.33	0.56		0.32	0.39	0.18	0.21	0.32	-0.38	0.17	0.66	-0.41	0.36	0.44	-0.28	0.34
Total Liab	0.85	-0.16	0.98	0.27	0.26	-0.35	0.94	0.86	0.67	-0.37	0.55	0.71	0.32		0.22	0.73	0.89	0.19	-0.51	0.88	0.14	-0.57	0.91	0.74	-0.61	0.68
Intangible Assets	0.64	-0.69	0.29	0.9	0.83	0.56	0.05	0.53	0.22	-0.56	0.68	0.63	0.39	0.22		0.43	0.44	0.8	-0.73	0.23	0.2	-0.68	0.2	0.55	-0.65	-0.03
Common Stock	0.84	-0.57	0.81	0.59	0.39	-0.18	0.79	0.74	0.62	-0.76	0.86	0.79	0.18	0.73	0.43		0.8	0.62	-0.84	0.78	0.14	-0.8	0.8	0.87	-0.87	0.64
Property Plant Equipment	0.9	-0.46	0.87	0.5	0.51	-0.15	0.84	0.75	0.68	-0.45	0.76	0.72	0.21	0.89	0.44	0.8		0.43	-0.65	0.79	0.13	-0.62	0.73	0.72	-0.71	0.58
Net Tangible Assets	0.67	-0.73	0.32	0.96	0.78	0.43	0.18	0.52	0.17	-0.82	0.87	0.77	0.32	0.19	0.8	0.62	0.43		-0.91	0.34	0.37	-0.86	0.3	0.74	-0.85	0.16
Deferred Long Term Liab	-0.86	0.72	-0.63	-0.9	-0.71	-0.21	-0.5	-0.74	-0.38	0.89	-0.95	-0.91	-0.38	-0.51	-0.73	-0.84	-0.65	-0.91		-0.62	-0.29	0.93	-0.63	-0.92	0.96	-0.47
Non Current Assets Total	0.79	-0.31	0.92	0.31	0.14	-0.51	0.91	0.78	0.79	-0.63	0.57	0.68	0.17	0.88	0.23	0.78	0.79	0.34	-0.62		0.11	-0.69	0.94	0.83	-0.75	0.61
Non Currrent Assets Other	0.3	0.08	0.2	0.36	0.32	0.38	0.02	0.36	-0.22	-0.28	0.26	0.46	0.66	0.14	0.2	0.14	0.13	0.37	-0.29	0.11		-0.4	0.21	0.38	-0.27	0.23
Non Current Liabilities Total	-0.86	0.56	-0.69	-0.84	-0.61	-0.11	-0.54	-0.83	-0.43	0.88	-0.84	-0.93	-0.41	-0.57	-0.68	-0.8	-0.62	-0.86	0.93	-0.69	-0.4		-0.7	-0.95	0.96	-0.35
Short Long Term Debt	0.81	-0.2	0.96	0.3	0.16	-0.4	0.9	0.88	0.64	-0.59	0.56	0.76	0.36	0.91	0.2	0.8	0.73	0.3	-0.63	0.94	0.21	-0.7		0.86	-0.72	0.73
Total Current Assets	0.91	-0.5	0.84	0.72	0.52	-0.05	0.71	0.89	0.52	-0.85	0.85	0.95	0.44	0.74	0.55	0.87	0.72	0.74	-0.92	0.83	0.38	-0.95	0.86		-0.95	0.61
Non Current Liabilities Other	-0.87	0.66	-0.71	-0.8	-0.6	0.01	-0.62	-0.76	-0.55	0.9	-0.9	-0.88	-0.28	-0.61	-0.65	-0.87	-0.71	-0.85	0.96	-0.75	-0.27	0.96	-0.72	-0.95		-0.45
Short Term Debt	0.55	-0.16	0.69	0.14	0.14	-0.26	0.68	0.55	0.32	-0.36	0.53	0.52	0.34	0.68	-0.03	0.64	0.58	0.16	-0.47	0.61	0.23	-0.35	0.73	0.61	-0.45

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Shandong Huifa Account Relationship Matchups

Shandong Huifa fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.4B	1.5B	1.6B	1.4B	1.3B
Other Current Liab	17.1M	57.7M	49.2M	58.8M	981.8K	932.7K
Total Current Liabilities	498.9M	702.5M	782.1M	1.1B	821.1M	628.7M
Total Stockholder Equity	644.5M	670.3M	590.7M	495.5M	503.0M	539.2M
Other Liab	24.9M	26.8M	22.2M	15.2M	17.5M	21.6M
Retained Earnings	299.1M	318.8M	165.5M	45.6M	26.1M	24.8M
Accounts Payable	113.5M	134.4M	209.3M	267.2M	247.7M	149.9M
Cash	216.4M	290.5M	259.4M	383.4M	208.9M	224.9M
Other Assets	19.5M	18.7M	36.0M	62.0M	71.3M	74.9M
Long Term Debt	39.0M	51.3M	22.0M	29.4M	26.5M	25.1M
Net Receivables	172.0M	164.2M	166.1M	134.3M	206.2M	125.2M
Inventory	158.5M	201.6M	167.7M	200.5M	145.7M	145.5M
Other Current Assets	13.6M	25.2M	18.5M	15.4M	3.6M	3.5M
Total Liab	575.0M	741.6M	847.1M	1.1B	896.1M	734.9M
Intangible Assets	83.7M	83.9M	81.6M	77.6M	72.7M	83.4M
Property Plant Equipment	560.4M	626.6M	694.6M	711.9M	818.7M	631.4M
Net Tangible Assets	560.9M	586.5M	509.1M	417.9M	480.6M	525.8M
Deferred Long Term Liab	3.9M	3.4M	2.9M	4.2M	3.8M	6.3M
Non Current Assets Total	664.2M	730.2M	814.1M	852.4M	806.1M	795.2M
Non Currrent Assets Other	7.9M	634.4M	8.1M	14.0M	7.6M	7.2M
Non Current Liabilities Total	76.1M	39.1M	65.0M	31.7M	75.1M	56.6M
Short Long Term Debt	272.3M	408.7M	451.7M	670.6M	446.0M	382.5M
Total Current Assets	560.4M	690.9M	636.7M	754.3M	613.7M	617.3M
Non Current Liabilities Other	44.5M	12.3M	7.2M	3.0M	2.7M	2.5M
Net Invested Capital	961.3M	1.1B	1.1B	1.2B	978.4M	1.1B
Net Working Capital	61.5M	(11.5M)	(145.4M)	(313.1M)	(207.4M)	(197.0M)
Net Debt	100.4M	118.2M	214.3M	287.2M	266.5M	191.6M

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

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Shandong Free Cash Flow vs Change In Cash Analysis

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change In Cash

Shandong Huifa fundamental ratios Correlations

Shandong Huifa Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Huifa fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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Total Liab	+ 0.98	Total Current Liabilities
Short Long Term Debt	+ 0.96	Total Current Liabilities
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Non Current Liabilities Other	+ 0.96	Deferred Long Term Liab
Non Current Liabilities Other	+ 0.96	Non Current Liabilities Total
Total Current Assets	+ 0.95	Inventory

Non Current Liabilities Other	- 0.95	Total Current Assets
Total Current Assets	- 0.95	Non Current Liabilities Total
Deferred Long Term Liab	- 0.95	Net Receivables
Non Current Liabilities Total	- 0.93	Inventory
Total Current Assets	- 0.92	Deferred Long Term Liab
Deferred Long Term Liab	- 0.91	Net Tangible Assets