Zhejiang Capital Expenditures vs Free Cash Flow Analysis

603995 Stock

18.47 0.19 1.02%

Zhejiang Yongjin financial indicator trend analysis is more than just analyzing Zhejiang Yongjin Metal current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Yongjin Metal is a good investment. Please check the relationship between Zhejiang Yongjin Capital Expenditures and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Yongjin Metal. 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 Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Yongjin Metal Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Zhejiang Yongjin's Capital Expenditures and Free Cash Flow is -0.97. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Zhejiang Yongjin Metal, assuming nothing else is changed. The correlation between historical values of Zhejiang Yongjin's Capital Expenditures and Free Cash Flow 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 Yongjin Metal are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Zhejiang Yongjin's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

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Capital Expenditures

Capital Expenditures are funds used by Zhejiang Yongjin Metal 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 Yongjin operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

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

Most indicators from Zhejiang Yongjin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Yongjin Metal 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 Yongjin Metal. 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.

As of November 27, 2024, Tax Provision is expected to decline to about 125.2 M. In addition to that, Selling General Administrative is expected to decline to about 129.2 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.8B	1.9B	1.3B
Total Revenue	31.4B	39.6B	39.9B	25.2B

Gross Profit Total Revenue

Zhejiang Yongjin 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	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Term Investments	Capital Stock	Other Liab
Total Assets		0.55	0.97	0.97	0.96	0.98	0.74	0.99	-0.62	0.92	0.81	0.95	0.98	0.58	0.97	0.47	0.97	0.66	0.97	0.84	0.95	1.0	0.6	0.61	0.94	0.98
Other Current Liab	0.55		0.45	0.58	0.61	0.49	0.81	0.46	-0.1	0.58	0.12	0.6	0.43	0.9	0.51	-0.28	0.66	0.49	0.4	0.23	0.65	0.55	0.75	0.84	0.32	0.56
Total Current Liabilities	0.97	0.45		0.88	0.87	0.99	0.59	0.98	-0.5	0.95	0.82	0.96	0.99	0.43	0.99	0.63	0.91	0.51	0.94	0.86	0.88	0.96	0.42	0.54	0.91	0.96
Total Stockholder Equity	0.97	0.58	0.88		0.99	0.91	0.84	0.93	-0.75	0.8	0.78	0.85	0.9	0.68	0.88	0.31	0.97	0.78	0.95	0.77	0.97	0.98	0.73	0.57	0.94	0.92
Retained Earnings	0.96	0.61	0.87	0.99		0.91	0.84	0.93	-0.73	0.82	0.77	0.87	0.9	0.68	0.88	0.28	0.97	0.81	0.93	0.76	0.97	0.97	0.72	0.64	0.92	0.93
Accounts Payable	0.98	0.49	0.99	0.91	0.91		0.65	0.98	-0.55	0.96	0.82	0.97	0.99	0.47	0.99	0.56	0.94	0.59	0.94	0.86	0.88	0.97	0.5	0.57	0.92	0.96
Cash	0.74	0.81	0.59	0.84	0.84	0.65		0.63	-0.52	0.6	0.5	0.64	0.6	0.95	0.62	-0.2	0.87	0.74	0.65	0.38	0.83	0.77	0.97	0.57	0.63	0.71
Non Current Assets Total	0.99	0.46	0.98	0.93	0.93	0.98	0.63		-0.62	0.92	0.82	0.95	0.99	0.46	0.98	0.59	0.93	0.61	0.98	0.88	0.92	0.98	0.47	0.59	0.95	0.97
Non Currrent Assets Other	-0.62	-0.1	-0.5	-0.75	-0.73	-0.55	-0.52	-0.62		-0.34	-0.65	-0.4	-0.56	-0.28	-0.46	-0.27	-0.6	-0.69	-0.7	-0.66	-0.66	-0.67	-0.49	-0.25	-0.8	-0.54
Long Term Debt	0.92	0.58	0.95	0.8	0.82	0.96	0.6	0.92	-0.34		0.71	1.0	0.94	0.48	0.98	0.51	0.88	0.45	0.83	0.78	0.81	0.9	0.44	0.67	0.79	0.93
Net Receivables	0.81	0.12	0.82	0.78	0.77	0.82	0.5	0.82	-0.65	0.71		0.73	0.83	0.3	0.79	0.57	0.77	0.51	0.82	0.79	0.76	0.83	0.4	0.21	0.89	0.82
Non Current Liabilities Total	0.95	0.6	0.96	0.85	0.87	0.97	0.64	0.95	-0.4	1.0	0.73		0.96	0.52	0.99	0.49	0.91	0.51	0.87	0.8	0.86	0.93	0.49	0.68	0.83	0.96
Inventory	0.98	0.43	0.99	0.9	0.9	0.99	0.6	0.99	-0.56	0.94	0.83	0.96		0.42	0.99	0.61	0.91	0.59	0.96	0.86	0.88	0.96	0.43	0.54	0.92	0.97
Other Current Assets	0.58	0.9	0.43	0.68	0.68	0.47	0.95	0.46	-0.28	0.48	0.3	0.52	0.42		0.47	-0.38	0.73	0.6	0.46	0.18	0.72	0.6	0.93	0.6	0.41	0.58
Total Liab	0.97	0.51	0.99	0.88	0.88	0.99	0.62	0.98	-0.46	0.98	0.79	0.99	0.99	0.47		0.58	0.92	0.51	0.92	0.84	0.88	0.95	0.45	0.6	0.88	0.97
Short Long Term Debt	0.47	-0.28	0.63	0.31	0.28	0.56	-0.2	0.59	-0.27	0.51	0.57	0.49	0.61	-0.38	0.58		0.29	-0.04	0.54	0.77	0.3	0.44	-0.35	0.07	0.59	0.45
Total Current Assets	0.97	0.66	0.91	0.97	0.97	0.94	0.87	0.93	-0.6	0.88	0.77	0.91	0.91	0.73	0.92	0.29		0.71	0.91	0.74	0.95	0.98	0.76	0.6	0.89	0.94
Non Current Liabilities Other	0.66	0.49	0.51	0.78	0.81	0.59	0.74	0.61	-0.69	0.45	0.51	0.51	0.59	0.6	0.51	-0.04	0.71		0.67	0.43	0.7	0.69	0.68	0.48	0.63	0.61
Intangible Assets	0.97	0.4	0.94	0.95	0.93	0.94	0.65	0.98	-0.7	0.83	0.82	0.87	0.96	0.46	0.92	0.54	0.91	0.67		0.82	0.93	0.96	0.49	0.49	0.95	0.95
Net Debt	0.84	0.23	0.86	0.77	0.76	0.86	0.38	0.88	-0.66	0.78	0.79	0.8	0.86	0.18	0.84	0.77	0.74	0.43	0.82		0.74	0.84	0.25	0.52	0.92	0.79
Common Stock Shares Outstanding	0.95	0.65	0.88	0.97	0.97	0.88	0.83	0.92	-0.66	0.81	0.76	0.86	0.88	0.72	0.88	0.3	0.95	0.7	0.93	0.74		0.96	0.7	0.65	0.9	0.94
Net Invested Capital	1.0	0.55	0.96	0.98	0.97	0.97	0.77	0.98	-0.67	0.9	0.83	0.93	0.96	0.6	0.95	0.44	0.98	0.69	0.96	0.84	0.96		0.63	0.6	0.95	0.97
Net Working Capital	0.6	0.75	0.42	0.73	0.72	0.5	0.97	0.47	-0.49	0.44	0.4	0.49	0.43	0.93	0.45	-0.35	0.76	0.68	0.49	0.25	0.7	0.63		0.45	0.51	0.55
Short Term Investments	0.61	0.84	0.54	0.57	0.64	0.57	0.57	0.59	-0.25	0.67	0.21	0.68	0.54	0.6	0.6	0.07	0.6	0.48	0.49	0.52	0.65	0.6	0.45		0.46	0.62
Capital Stock	0.94	0.32	0.91	0.94	0.92	0.92	0.63	0.95	-0.8	0.79	0.89	0.83	0.92	0.41	0.88	0.59	0.89	0.63	0.95	0.92	0.9	0.95	0.51	0.46		0.89
Other Liab	0.98	0.56	0.96	0.92	0.93	0.96	0.71	0.97	-0.54	0.93	0.82	0.96	0.97	0.58	0.97	0.45	0.94	0.61	0.95	0.79	0.94	0.97	0.55	0.62	0.89

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Zhejiang Yongjin Account Relationship Matchups

Zhejiang Yongjin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.2B	6.2B	9.9B	10.6B	12.6B	7.4B
Other Current Liab	577.5M	916.8M	1.3B	748.4M	244.2M	232.0M
Total Current Liabilities	1.7B	2.1B	3.5B	3.8B	4.5B	2.8B
Total Stockholder Equity	2.9B	3.1B	3.7B	4.0B	5.2B	3.1B
Retained Earnings	1.3B	1.6B	2.0B	2.2B	2.4B	1.6B
Accounts Payable	633.5M	569.6M	1.5B	1.6B	1.9B	1.0B
Cash	1.4B	1.3B	1.7B	821.1M	1.1B	962.5M
Non Current Assets Total	2.4B	3.6B	5.4B	6.8B	7.9B	4.5B
Non Currrent Assets Other	31.2M	35.6M	60.1M	27.3M	23.2M	32.4M
Long Term Debt	260.0M	285.0M	1.8B	1.7B	1.5B	847.8M
Net Receivables	246.5M	128.6M	364.5M	559.5M	827.8M	869.2M
Non Current Liabilities Total	361.8M	523.9M	2.0B	2.0B	1.9B	1.0B
Inventory	511.2M	711.2M	1.6B	1.9B	2.3B	1.2B
Other Current Assets	314.8M	396.0M	512.5M	130.8M	125.0M	208.1M
Total Liab	2.0B	2.6B	5.5B	5.7B	6.4B	3.8B
Short Long Term Debt	370.6M	429.6M	434.7M	908.9M	998.1M	662.2M
Total Current Assets	2.8B	2.6B	4.4B	3.8B	4.7B	3.0B
Intangible Assets	182.0M	325.0M	375.7M	450.9M	670.9M	340.5M
Common Stock Shares Outstanding	230.7M	334.5M	338.0M	338.0M	381.4M	309.3M
Net Invested Capital	3.4B	3.9B	6.0B	6.7B	7.7B	4.9B
Net Working Capital	1.1B	523.9M	957.7M	5.1M	179.4M	324.4M
Short Term Investments	224.2K	15.4M	18.5M	26M	326.1K	309.8K
Capital Stock	230.7M	233.0M	233.1M	338.0M	381.4M	291.4M

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Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Yongjin Metal at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Yongjin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Yongjin 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.

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Zhejiang Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Zhejiang Yongjin fundamental ratios Correlations

Zhejiang Yongjin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Yongjin fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Long Term Debt
Non Current Assets Total	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities

Capital Stock	- 0.8	Non Currrent Assets Other
Non Currrent Assets Other	- 0.75	Total Stockholder Equity
Non Currrent Assets Other	- 0.73	Retained Earnings
Intangible Assets	- 0.7	Non Currrent Assets Other
Non Current Liabilities Other	- 0.69	Non Currrent Assets Other
Net Invested Capital	- 0.67	Non Currrent Assets Other