Xinya Capital Expenditures vs Investments Analysis
605277 Stock | 15.00 0.17 1.12% |
Xinya Electronic financial indicator trend analysis is more than just analyzing Xinya Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinya Electronic is a good investment. Please check the relationship between Xinya Electronic Capital Expenditures and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinya Electronic Co. 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 Investments
Capital Expenditures vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinya Electronic Capital Expenditures account and Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Xinya Electronic's Capital Expenditures and Investments is -0.94. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Investments in the same time period over historical financial statements of Xinya Electronic Co, assuming nothing else is changed. The correlation between historical values of Xinya Electronic's Capital Expenditures and Investments 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 Xinya Electronic Co are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Capital Expenditures i.e., Xinya Electronic's Capital Expenditures and Investments go up and down completely randomly.
Correlation Coefficient | -0.94 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by Xinya Electronic to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Xinya Electronic operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Xinya Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinya Electronic 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 Xinya Electronic Co. 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 Tax Provision is expected to grow to about 28 M, whereas Selling General Administrative is forecasted to decline to about 75.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 110.8K | 7.0M | 24.7M | 25.9M | Interest Income | 1.7M | 3.3M | 2.4M | 1.7M |
Xinya Electronic fundamental ratios Correlations
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Xinya Electronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Xinya Stock
Balance Sheet is a snapshot of the financial position of Xinya Electronic at a specified time, usually calculated after every quarter, six months, or one year. Xinya Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinya Electronic 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 Xinya currently owns. An asset can also be divided into two categories, current and non-current.