Elin Change In Working Capital vs Free Cash Flow Analysis

ELIN Stock

204.40 2.70 1.34%

Elin Electronics financial indicator trend analysis is much more than just examining Elin Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elin Electronics is a good investment. Please check the relationship between Elin Electronics Change In Working Capital and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elin Electronics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elin Electronics Change In Working Capital account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Elin Electronics' Change In Working Capital and Free Cash Flow is 0.94. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Elin Electronics Limited, assuming nothing else is changed. The correlation between historical values of Elin Electronics' Change In Working Capital 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 Change In Working Capital of Elin Electronics Limited 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 Change In Working Capital i.e., Elin Electronics' Change In Working Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

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 Elin Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elin Electronics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elin Electronics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 36.4 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	122.0M	130.6M	77.4M	88.9M
Depreciation And Amortization	143.5M	186.1M	218.5M	172.7M

Interest Expense Depreciation And Amortization

Elin Electronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.51	0.5	0.61	0.98	0.97	0.55	-0.48	0.94	0.86	-0.6	0.99	0.69	0.87	0.88	0.68	0.85	-0.48	0.9	0.11	0.81	0.4	1.0	-0.33	0.94	0.93
Short Long Term Debt Total	-0.51		-0.74	0.09	-0.62	-0.65	0.1	1.0	-0.62	-0.28	0.49	-0.54	-0.93	-0.57	-0.33	-0.96	-0.47	0.92	-0.28	0.23	-0.66	0.31	-0.49	0.93	-0.25	-0.56
Other Current Liab	0.5	-0.74		0.15	0.55	0.62	-0.36	-0.71	0.5	0.54	-0.86	0.49	0.85	0.5	0.5	0.65	0.47	-0.68	0.3	-0.71	0.41	-0.03	0.51	-0.7	0.26	0.56
Total Current Liabilities	0.61	0.09	0.15		0.45	0.46	0.45	0.14	0.47	0.82	-0.52	0.53	0.22	0.25	0.83	0.09	0.3	-0.11	0.83	0.25	0.19	0.93	0.65	0.35	0.74	0.44
Total Stockholder Equity	0.98	-0.62	0.55	0.45		0.99	0.49	-0.59	0.96	0.78	-0.56	0.98	0.74	0.91	0.81	0.77	0.86	-0.55	0.82	0.06	0.88	0.21	0.97	-0.46	0.86	0.96
Property Plant And Equipment Net	0.97	-0.65	0.62	0.46	0.99		0.46	-0.62	0.96	0.78	-0.6	0.98	0.77	0.88	0.82	0.78	0.83	-0.59	0.83	-0.03	0.83	0.22	0.96	-0.49	0.84	0.97
Current Deferred Revenue	0.55	0.1	-0.36	0.45	0.49	0.46		0.09	0.54	0.29	0.28	0.6	-0.09	0.34	0.39	0.15	0.34	0.07	0.71	0.7	0.32	0.43	0.52	0.27	0.65	0.52
Net Debt	-0.48	1.0	-0.71	0.14	-0.59	-0.62	0.09		-0.61	-0.23	0.43	-0.52	-0.9	-0.55	-0.29	-0.95	-0.45	0.91	-0.25	0.2	-0.64	0.35	-0.46	0.93	-0.22	-0.54
Retained Earnings	0.94	-0.62	0.5	0.47	0.96	0.96	0.54	-0.61		0.7	-0.49	0.94	0.71	0.76	0.83	0.8	0.69	-0.65	0.85	0.13	0.79	0.19	0.93	-0.4	0.79	0.97
Accounts Payable	0.86	-0.28	0.54	0.82	0.78	0.78	0.29	-0.23	0.7		-0.82	0.79	0.6	0.7	0.94	0.42	0.73	-0.32	0.82	-0.04	0.61	0.67	0.9	-0.11	0.89	0.7
Cash	-0.6	0.49	-0.86	-0.52	-0.56	-0.6	0.28	0.43	-0.49	-0.82		-0.5	-0.76	-0.53	-0.74	-0.47	-0.53	0.51	-0.46	0.5	-0.46	-0.33	-0.64	0.38	-0.49	-0.51
Non Current Assets Total	0.99	-0.54	0.49	0.53	0.98	0.98	0.6	-0.52	0.94	0.79	-0.5		0.67	0.87	0.81	0.7	0.85	-0.48	0.88	0.1	0.79	0.34	0.97	-0.38	0.9	0.95
Non Currrent Assets Other	0.69	-0.93	0.85	0.22	0.74	0.77	-0.09	-0.9	0.71	0.6	-0.76	0.67		0.69	0.6	0.92	0.62	-0.88	0.47	-0.26	0.73	-0.02	0.69	-0.82	0.48	0.65
Cash And Short Term Investments	0.87	-0.57	0.5	0.25	0.91	0.88	0.34	-0.55	0.76	0.7	-0.53	0.87	0.69		0.61	0.67	0.99	-0.37	0.59	-0.01	0.93	0.1	0.86	-0.56	0.8	0.78
Net Receivables	0.88	-0.33	0.5	0.83	0.81	0.82	0.39	-0.29	0.83	0.94	-0.74	0.81	0.6	0.61		0.52	0.59	-0.47	0.9	0.08	0.6	0.59	0.91	-0.07	0.85	0.79
Common Stock Shares Outstanding	0.68	-0.96	0.65	0.09	0.77	0.78	0.15	-0.95	0.8	0.42	-0.47	0.7	0.92	0.67	0.52		0.56	-0.92	0.5	-0.01	0.78	-0.18	0.67	-0.81	0.46	0.71
Short Term Investments	0.85	-0.47	0.47	0.3	0.86	0.83	0.34	-0.45	0.69	0.73	-0.53	0.85	0.62	0.99	0.59	0.56		-0.25	0.58	-0.03	0.87	0.19	0.84	-0.49	0.82	0.73
Non Current Liabilities Total	-0.48	0.92	-0.68	-0.11	-0.55	-0.59	0.07	0.91	-0.65	-0.32	0.51	-0.48	-0.88	-0.37	-0.47	-0.92	-0.25		-0.39	0.1	-0.52	0.16	-0.48	0.72	-0.24	-0.53
Inventory	0.9	-0.28	0.3	0.83	0.82	0.83	0.71	-0.25	0.85	0.82	-0.46	0.88	0.47	0.59	0.9	0.5	0.58	-0.39		0.29	0.54	0.66	0.9	-0.01	0.91	0.83
Other Current Assets	0.11	0.23	-0.71	0.25	0.06	-0.03	0.7	0.2	0.13	-0.04	0.5	0.1	-0.26	-0.01	0.08	-0.01	-0.03	0.1	0.29		0.18	0.25	0.11	0.37	0.3	-0.04
Other Stockholder Equity	0.81	-0.66	0.41	0.19	0.88	0.83	0.32	-0.64	0.79	0.61	-0.46	0.79	0.73	0.93	0.6	0.78	0.87	-0.52	0.54	0.18		-0.04	0.81	-0.6	0.73	0.72
Total Liab	0.4	0.31	-0.03	0.93	0.21	0.22	0.43	0.35	0.19	0.67	-0.33	0.34	-0.02	0.1	0.59	-0.18	0.19	0.16	0.66	0.25	-0.04		0.43	0.49	0.62	0.19
Total Current Assets	1.0	-0.49	0.51	0.65	0.97	0.96	0.52	-0.46	0.93	0.9	-0.64	0.97	0.69	0.86	0.91	0.67	0.84	-0.48	0.9	0.11	0.81	0.43		-0.3	0.94	0.91
Short Term Debt	-0.33	0.93	-0.7	0.35	-0.46	-0.49	0.27	0.93	-0.4	-0.11	0.38	-0.38	-0.82	-0.56	-0.07	-0.81	-0.49	0.72	-0.01	0.37	-0.6	0.49	-0.3		-0.08	-0.38
Intangible Assets	0.94	-0.25	0.26	0.74	0.86	0.84	0.65	-0.22	0.79	0.89	-0.49	0.9	0.48	0.8	0.85	0.46	0.82	-0.24	0.91	0.3	0.73	0.62	0.94	-0.08		0.77
Common Stock	0.93	-0.56	0.56	0.44	0.96	0.97	0.52	-0.54	0.97	0.7	-0.51	0.95	0.65	0.78	0.79	0.71	0.73	-0.53	0.83	-0.04	0.72	0.19	0.91	-0.38	0.77

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Elin Electronics Account Relationship Matchups

Elin Electronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.9B	5.1B	5.3B	7.3B	6.7B	5.9B
Short Long Term Debt Total	700.9M	1.1B	1.0B	783.6M	119.9M	113.9M
Other Current Liab	(452.3K)	(40.6M)	132.8M	198.0M	276.4M	290.2M
Total Current Liabilities	1.1B	2.0B	1.9B	1.9B	1.5B	1.8B
Total Stockholder Equity	2.3B	2.6B	3.0B	4.9B	5.0B	3.6B
Property Plant And Equipment Net	1.5B	1.6B	1.9B	2.3B	2.3B	2.1B
Current Deferred Revenue	155.0M	188.5M	176.5M	159.9M	63.9M	60.7M
Net Debt	610.2M	1.1B	985.1M	779.7M	117.7M	111.8M
Retained Earnings	1.4B	1.7B	2.0B	2.3B	2.8B	2.1B
Accounts Payable	681.6M	1.0B	992.4M	1.3B	1.1B	1.1B
Cash	90.7M	46.8M	40.1M	3.9M	2.2M	2.1M
Non Current Assets Total	1.7B	1.8B	2.1B	2.7B	2.5B	2.3B
Cash And Short Term Investments	341.5M	182.4M	51.7M	1.3B	930.3M	542.3M
Net Receivables	908.2M	1.8B	1.8B	2.0B	2.0B	1.8B
Short Term Investments	250.8M	135.6M	11.6M	1.3B	691.2M	459.5M
Liabilities And Stockholders Equity	3.9B	5.1B	5.3B	7.3B	6.7B	5.9B
Non Current Liabilities Total	463.7M	459.7M	442.8M	514.3M	117.0M	111.2M
Inventory	799M	1.1B	1.2B	1.2B	1.1B	1.2B
Other Current Assets	1.0B	1.9B	189.3M	235.0M	204.2M	194.0M
Other Stockholder Equity	808.2M	854.7M	59.6M	1.7B	1.9B	1.0B
Total Liab	1.6B	2.5B	2.3B	2.4B	1.7B	2.3B
Total Current Assets	2.2B	3.3B	3.2B	4.6B	4.2B	3.7B
Accumulated Other Comprehensive Income	715.9M	745.1M	725.7M	741.8M	280.0M	515.1M
Short Term Debt	298.3M	766.3M	683.7M	382.6M	114.8M	109.1M
Intangible Assets	950K	6.7M	4.2M	11.2M	5.8M	5.5M

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Elin Change In Working Capital vs Free Cash Flow Analysis

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change In Working Capital

Free Cash Flow

Elin Electronics fundamental ratios Correlations

Elin Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elin Electronics fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Short Term Investments	+ 0.99	Cash And Short Term Investments
Total Stockholder Equity	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.96	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.95	Net Debt
Non Currrent Assets Other	- 0.93	Short Long Term Debt Total
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.9	Net Debt
Non Current Liabilities Total	- 0.88	Non Currrent Assets Other