Zhongtong Change To Netincome vs Depreciation Analysis

603559 Stock

7.17 0.09 1.27%

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

Change To Netincome vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongtong Guomai Com Change To Netincome account and Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhongtong Guomai's Change To Netincome and Depreciation is 0.75. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of Zhongtong Guomai Communication, assuming nothing else is changed. The correlation between historical values of Zhongtong Guomai's Change To Netincome and Depreciation 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 Netincome of Zhongtong Guomai Communication are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., Zhongtong Guomai's Change To Netincome and Depreciation go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Change To Netincome

Depreciation

Depreciation indicates how much of Zhongtong Guomai Com value has been used up. For tax purposes Zhongtong Guomai can deduct the cost of the tangible assets it purchases as business expenses. However, Zhongtong Guomai Communication 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.

Most indicators from Zhongtong Guomai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongtong Guomai Com 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 Zhongtong Guomai Communication. 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 17.3 M, whereas Tax Provision is projected to grow to (1.5 M).

	2022	2023	2024	2025 (projected)
Cost Of Revenue	384.0M	302.5M	347.9M	428.4M
Research Development	4.4M	522.2K	600.5K	570.5K

Cost Of Revenue Research Development

Zhongtong Guomai fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other
Total Assets		0.63	0.88	0.73	0.75	-0.08	0.05	0.72	0.63	0.91	0.82	0.63	0.65	0.87	0.82	0.89	0.63	0.84	0.84	0.81	0.0	0.64	0.44	0.88	0.95	0.19
Other Current Liab	0.63		0.29	0.89	0.35	0.57	-0.59	0.78	-0.06	0.79	0.39	-0.08	0.61	0.28	0.66	0.46	0.56	0.49	0.26	0.78	0.37	0.01	-0.23	0.47	0.45	-0.45
Total Current Liabilities	0.88	0.29		0.35	0.82	-0.49	0.44	0.35	0.85	0.63	0.79	0.84	0.46	1.0	0.58	0.93	0.52	0.74	0.97	0.51	-0.2	0.7	0.78	0.86	0.91	0.47
Total Stockholder Equity	0.73	0.89	0.35		0.37	0.61	-0.6	0.85	-0.05	0.86	0.44	-0.04	0.64	0.34	0.75	0.48	0.49	0.55	0.28	0.91	0.35	0.1	-0.21	0.5	0.53	-0.47
Other Liab	0.75	0.35	0.82	0.37		-0.39	0.28	0.39	0.7	0.52	0.85	0.74	0.3	0.81	0.47	0.89	0.58	0.81	0.86	0.34	-0.09	0.49	0.61	0.63	0.68	0.4
Retained Earnings	-0.08	0.57	-0.49	0.61	-0.39		-0.93	0.42	-0.8	0.22	-0.38	-0.8	0.25	-0.48	0.16	-0.36	-0.07	-0.23	-0.57	0.43	0.44	-0.5	-0.77	-0.25	-0.28	-0.88
Accounts Payable	0.05	-0.59	0.44	-0.6	0.28	-0.93		-0.42	0.78	-0.25	0.27	0.74	-0.21	0.43	-0.19	0.25	-0.12	0.11	0.49	-0.43	-0.55	0.43	0.8	0.33	0.29	0.74
Cash	0.72	0.78	0.35	0.85	0.39	0.42	-0.42		0.08	0.82	0.57	0.11	0.51	0.36	0.72	0.48	0.51	0.68	0.33	0.77	0.1	0.37	-0.13	0.49	0.58	-0.18
Other Assets	0.63	-0.06	0.85	-0.05	0.7	-0.8	0.78	0.08		0.34	0.74	0.98	0.25	0.85	0.33	0.76	0.37	0.63	0.9	0.11	-0.42	0.74	0.87	0.76	0.78	0.75
Net Receivables	0.91	0.79	0.63	0.86	0.52	0.22	-0.25	0.82	0.34		0.63	0.35	0.58	0.63	0.93	0.7	0.68	0.71	0.58	0.92	0.26	0.44	0.06	0.72	0.81	-0.05
Short Term Investments	0.82	0.39	0.79	0.44	0.85	-0.38	0.27	0.57	0.74	0.63		0.79	0.35	0.78	0.58	0.9	0.71	0.98	0.88	0.41	-0.08	0.61	0.5	0.68	0.77	0.47
Inventory	0.63	-0.08	0.84	-0.04	0.74	-0.8	0.74	0.11	0.98	0.35	0.79		0.2	0.84	0.35	0.78	0.43	0.7	0.91	0.11	-0.37	0.76	0.83	0.7	0.76	0.79
Other Current Assets	0.65	0.61	0.46	0.64	0.3	0.25	-0.21	0.51	0.25	0.58	0.35	0.2		0.47	0.44	0.43	0.16	0.42	0.4	0.67	-0.14	0.41	0.23	0.7	0.62	-0.16
Total Liab	0.87	0.28	1.0	0.34	0.81	-0.48	0.43	0.36	0.85	0.63	0.78	0.84	0.47		0.58	0.92	0.51	0.74	0.96	0.51	-0.23	0.74	0.78	0.85	0.91	0.49
Intangible Assets	0.82	0.66	0.58	0.75	0.47	0.16	-0.19	0.72	0.33	0.93	0.58	0.35	0.44	0.58		0.66	0.73	0.64	0.54	0.83	0.36	0.43	0.04	0.61	0.74	0.06
Common Stock	0.89	0.46	0.93	0.48	0.89	-0.36	0.25	0.48	0.76	0.7	0.9	0.78	0.43	0.92	0.66		0.76	0.88	0.96	0.53	-0.05	0.61	0.61	0.76	0.84	0.4
Property Plant Equipment	0.63	0.56	0.52	0.49	0.58	-0.07	-0.12	0.51	0.37	0.68	0.71	0.43	0.16	0.51	0.73	0.76		0.75	0.61	0.45	0.28	0.32	0.08	0.36	0.51	0.23
Net Tangible Assets	0.84	0.49	0.74	0.55	0.81	-0.23	0.11	0.68	0.63	0.71	0.98	0.7	0.42	0.74	0.64	0.88	0.75		0.83	0.52	-0.01	0.62	0.39	0.65	0.76	0.39
Other Stockholder Equity	0.84	0.26	0.97	0.28	0.86	-0.57	0.49	0.33	0.9	0.58	0.88	0.91	0.4	0.96	0.54	0.96	0.61	0.83		0.4	-0.2	0.71	0.78	0.81	0.87	0.58
Non Current Assets Total	0.81	0.78	0.51	0.91	0.34	0.43	-0.43	0.77	0.11	0.92	0.41	0.11	0.67	0.51	0.83	0.53	0.45	0.52	0.4		0.33	0.32	-0.07	0.62	0.69	-0.28
Non Currrent Assets Other	0.0	0.37	-0.2	0.35	-0.09	0.44	-0.55	0.1	-0.42	0.26	-0.08	-0.37	-0.14	-0.23	0.36	-0.05	0.28	-0.01	-0.2	0.33		-0.46	-0.61	-0.24	-0.17	-0.32
Non Current Liabilities Total	0.64	0.01	0.7	0.1	0.49	-0.5	0.43	0.37	0.74	0.44	0.61	0.76	0.41	0.74	0.43	0.61	0.32	0.62	0.71	0.32	-0.46		0.62	0.61	0.76	0.72
Deferred Long Term Liab	0.44	-0.23	0.78	-0.21	0.61	-0.77	0.8	-0.13	0.87	0.06	0.5	0.83	0.23	0.78	0.04	0.61	0.08	0.39	0.78	-0.07	-0.61	0.62		0.62	0.59	0.63
Short Long Term Debt	0.88	0.47	0.86	0.5	0.63	-0.25	0.33	0.49	0.76	0.72	0.68	0.7	0.7	0.85	0.61	0.76	0.36	0.65	0.81	0.62	-0.24	0.61	0.62		0.94	0.22
Total Current Assets	0.95	0.45	0.91	0.53	0.68	-0.28	0.29	0.58	0.78	0.81	0.77	0.76	0.62	0.91	0.74	0.84	0.51	0.76	0.87	0.69	-0.17	0.76	0.59	0.94		0.36
Non Current Liabilities Other	0.19	-0.45	0.47	-0.47	0.4	-0.88	0.74	-0.18	0.75	-0.05	0.47	0.79	-0.16	0.49	0.06	0.4	0.23	0.39	0.58	-0.28	-0.32	0.72	0.63	0.22	0.36

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Zhongtong Guomai Account Relationship Matchups

Zhongtong Guomai fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.9B	1.5B	1.2B	1.1B	1.3B	1.1B
Other Current Liab	304.7M	301.4M	5.6M	1.2M	1.4M	1.3M
Total Current Liabilities	880.2M	914.8M	866.1M	905.3M	1.0B	586.8M
Total Stockholder Equity	876.5M	520.9M	369.4M	127.9M	147.1M	139.7M
Other Liab	4.6M	4.4M	4.2M	5.3M	6.1M	3.3M
Retained Earnings	258.7M	(97.6M)	(284.2M)	(526.4M)	(473.8M)	(450.1M)
Accounts Payable	93.4M	328.7M	361.4M	340.5M	391.6M	411.2M
Cash	199.0M	147.7M	35.5M	55.0M	63.3M	125.7M
Other Assets	23.6M	35.0M	49.2M	70.8M	81.4M	85.5M
Net Receivables	645.9M	527.6M	413.0M	327.9M	377.1M	472.0M
Inventory	354.6M	419.0M	565.0M	557.0M	640.5M	672.5M
Other Current Assets	97.1M	32.9M	7.5M	6.2M	7.1M	6.8M
Total Liab	983.9M	936.2M	882.6M	999.0M	1.1B	618.2M
Intangible Assets	28.3M	25.4M	22.1M	21.3M	24.5M	26.3M
Property Plant Equipment	80.3M	72.0M	60.3M	61.4M	70.6M	66.4M
Net Tangible Assets	506.0M	522.0M	523.4M	452.9M	520.8M	516.9M
Other Stockholder Equity	21.1M	21.3M	22.8M	23.4M	27.0M	21.6M
Non Current Assets Total	465.7M	203.8M	146.0M	92.3M	83.1M	79.0M
Non Currrent Assets Other	4.9M	3.0M	2.7M	5.2M	4.6M	4.4M
Non Current Liabilities Total	103.7M	21.3M	16.5M	93.8M	107.8M	113.2M
Deferred Long Term Liab	2.3M	3.0M	3.4M	3.8M	4.3M	3.2M
Short Long Term Debt	232.0M	232.5M	156.4M	100.3M	115.4M	144.2M
Total Current Assets	1.4B	1.2B	1.1B	1.0B	1.2B	1.2B
Non Current Liabilities Other	1.4M	2.3M	13.2M	89.9M	103.4M	108.6M
Net Invested Capital	1.2B	765.4M	525.8M	228.2M	205.4M	195.1M
Net Working Capital	510.3M	332.1M	232.6M	121.9M	109.7M	104.2M
Property Plant And Equipment Net	60.3M	61.4M	45.6M	36.5M	32.8M	44.1M
Property Plant And Equipment Gross	122.0M	125.5M	107.2M	94.0M	84.6M	92.8M

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Other Information on Investing in Zhongtong Stock

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

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Zhongtong Change To Netincome vs Depreciation Analysis

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

Correlation Coefficient

Change To Netincome

Depreciation

Zhongtong Guomai fundamental ratios Correlations

Zhongtong Guomai Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhongtong Guomai fundamental ratios Accounts

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Other Information on Investing in Zhongtong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.98	Other Assets
Net Tangible Assets	+ 0.98	Short Term Investments
Other Stockholder Equity	+ 0.97	Total Current Liabilities
Other Stockholder Equity	+ 0.96	Total Liab
Other Stockholder Equity	+ 0.96	Common Stock

Accounts Payable	- 0.93	Retained Earnings
Non Current Liabilities Other	- 0.88	Retained Earnings
Inventory	- 0.8	Retained Earnings
Other Assets	- 0.8	Retained Earnings
Deferred Long Term Liab	- 0.77	Retained Earnings
Deferred Long Term Liab	- 0.61	Non Currrent Assets Other