Qingdao Change In Working Capital vs Stock Based Compensation Analysis

688677 Stock   35.83  0.39  1.08%   
Qingdao NovelBeam financial indicator trend analysis is much more than just breaking down Qingdao NovelBeam prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao NovelBeam is a good investment. Please check the relationship between Qingdao NovelBeam Change In Working Capital and its Stock Based Compensation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingdao NovelBeam Technology. 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 In Working Capital vs Stock Based Compensation

Change In Working Capital vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao NovelBeam Change In Working Capital account and Stock Based Compensation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Qingdao NovelBeam's Change In Working Capital and Stock Based Compensation is -0.59. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Qingdao NovelBeam Technology, assuming nothing else is changed. The correlation between historical values of Qingdao NovelBeam's Change In Working Capital and Stock Based Compensation 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 In Working Capital of Qingdao NovelBeam Technology are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change In Working Capital i.e., Qingdao NovelBeam's Change In Working Capital and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.59
Relationship DirectionNegative 
Relationship StrengthVery Weak

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Most indicators from Qingdao NovelBeam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao NovelBeam 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 Qingdao NovelBeam Technology. 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 34.4 M. The current year's Tax Provision is expected to grow to about 18.2 M
 2021 2022 2023 2024 (projected)
Interest Expense349.8K368.0K470.7K735.2K
Depreciation And Amortization12.5M18.4M21.1M12.6M

Qingdao NovelBeam fundamental ratios Correlations

0.380.820.771.00.97-0.950.970.920.980.980.640.930.860.60.91-0.750.920.811.00.320.630.930.80.940.99
0.380.470.60.340.45-0.280.480.350.30.480.170.340.210.840.34-0.790.270.690.330.910.80.670.690.360.34
0.820.470.780.810.88-0.790.870.810.720.880.220.870.820.520.88-0.780.870.80.790.540.620.820.720.870.85
0.770.60.780.740.83-0.670.80.90.680.840.530.660.50.450.75-0.730.640.990.740.650.70.80.660.880.74
1.00.340.810.740.96-0.960.960.90.980.970.630.940.870.590.91-0.730.930.771.00.270.60.920.790.920.99
0.970.450.880.830.96-0.871.00.940.891.00.480.880.870.590.97-0.750.870.860.940.470.640.930.840.960.95
-0.95-0.28-0.79-0.67-0.96-0.87-0.87-0.83-0.98-0.89-0.69-0.98-0.79-0.56-0.790.72-0.97-0.71-0.97-0.14-0.56-0.85-0.74-0.88-0.98
0.970.480.870.80.961.0-0.870.910.91.00.480.890.890.650.96-0.770.880.840.950.480.670.950.870.930.96
0.920.350.810.90.90.94-0.830.910.850.940.580.810.710.390.89-0.620.810.890.890.390.610.820.730.990.9
0.980.30.720.680.980.89-0.980.90.850.910.750.930.790.590.81-0.720.920.720.990.160.570.890.740.870.97
0.980.480.880.840.971.0-0.891.00.940.910.520.890.870.620.96-0.770.880.870.960.480.680.950.850.950.96
0.640.170.220.530.630.48-0.690.480.580.750.520.550.20.330.31-0.450.510.540.68-0.060.340.550.380.560.6
0.930.340.870.660.940.88-0.980.890.810.930.890.550.840.60.82-0.761.00.710.940.230.60.860.780.870.97
0.860.210.820.50.870.87-0.790.890.710.790.870.20.840.510.93-0.60.850.540.840.250.460.790.680.760.87
0.60.840.520.450.590.59-0.560.650.390.590.620.330.60.510.47-0.860.530.580.590.640.730.810.840.440.59
0.910.340.880.750.910.97-0.790.960.890.810.960.310.820.930.47-0.640.830.770.880.440.60.850.720.90.9
-0.75-0.79-0.78-0.73-0.73-0.750.72-0.77-0.62-0.72-0.77-0.45-0.76-0.6-0.86-0.64-0.71-0.81-0.73-0.67-0.71-0.91-0.79-0.67-0.75
0.920.270.870.640.930.87-0.970.880.810.920.880.511.00.850.530.83-0.710.680.930.190.560.820.740.880.96
0.810.690.80.990.770.86-0.710.840.890.720.870.540.710.540.580.77-0.810.680.770.70.770.870.750.880.77
1.00.330.790.741.00.94-0.970.950.890.990.960.680.940.840.590.88-0.730.930.770.250.60.910.780.920.99
0.320.910.540.650.270.47-0.140.480.390.160.48-0.060.230.250.640.44-0.670.190.70.250.740.590.580.370.27
0.630.80.620.70.60.64-0.560.670.610.570.680.340.60.460.730.6-0.710.560.770.60.740.770.70.580.6
0.930.670.820.80.920.93-0.850.950.820.890.950.550.860.790.810.85-0.910.820.870.910.590.770.870.840.91
0.80.690.720.660.790.84-0.740.870.730.740.850.380.780.680.840.72-0.790.740.750.780.580.70.870.770.8
0.940.360.870.880.920.96-0.880.930.990.870.950.560.870.760.440.9-0.670.880.880.920.370.580.840.770.93
0.990.340.850.740.990.95-0.980.960.90.970.960.60.970.870.590.9-0.750.960.770.990.270.60.910.80.93
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Qingdao NovelBeam Account Relationship Matchups

Qingdao NovelBeam fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets329.8M417.3M1.2B1.4B1.4B820.5M
Short Long Term Debt Total40M49.4M22.5M19.2M22.1M26.8M
Other Current Liab47.3M26.0M35.6M89.8M103.2M108.4M
Total Current Liabilities93.9M78.2M68.0M167.3M85.4M89.7M
Total Stockholder Equity220.1M315.4M1.1B1.2B1.3B716.0M
Property Plant And Equipment Net131.3M180.8M240.3M400.7M413.7M244.4M
Net Debt(17.8M)(33.4M)(700.6M)(616.9M)(555.2M)(527.5M)
Retained Earnings137.0M221.3M304.3M448.3M517.8M284.5M
Accounts Payable16.6M22.2M28.9M60.2M40.0M31.7M
Cash57.8M82.8M723.1M636.2M592.3M345.6M
Non Current Assets Total177.2M223.0M320.5M475.2M489.9M303.3M
Non Currrent Assets Other4.7M3.8M40.6M32.3M756.6K718.8K
Cash And Short Term Investments57.8M82.8M723.1M636.2M731.6M768.2M
Common Stock Shares Outstanding66.6M65.1M83.5M86.9M121.6M88.2M
Liabilities And Stockholders Equity329.8M417.3M1.2B1.4B1.6B1.7B
Non Current Liabilities Total11.1M19.5M19.0M3.8M16.7M11.4M
Inventory52.7M46.5M66.1M138.0M170.8M88.4M
Other Current Assets4.6M10.8M3.5M10.4M4.8M4.6M
Other Stockholder Equity18.0M28.8M699.7M684.0M786.6M825.9M
Total Liab105.0M97.6M87.0M171.0M102.1M101.1M
Total Current Assets152.7M194.3M861.3M918.4M904.9M517.1M
Intangible Assets32.8M32.4M31.4M30.7M30.6M32.3M

Currently Active Assets on Macroaxis

Other Information on Investing in Qingdao Stock

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