Midea Capital Expenditures vs Depreciation Analysis

000333 Stock   76.25  1.64  2.20%   
Midea Group financial indicator trend analysis is infinitely more than just investigating Midea Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midea Group is a good investment. Please check the relationship between Midea Group Capital Expenditures and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Midea Group 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 Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midea Group Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Midea Group's Capital Expenditures and Depreciation is 0.81. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Midea Group Co, assuming nothing else is changed. The correlation between historical values of Midea Group's Capital Expenditures 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 Capital Expenditures of Midea Group Co 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 Capital Expenditures i.e., Midea Group's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Capital Expenditures

Capital Expenditures are funds used by Midea Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Midea Group operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Midea Group value has been used up. For tax purposes Midea Group can deduct the cost of the tangible assets it purchases as business expenses. However, Midea Group Co 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 Midea Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Midea Group 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 Midea Group 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.
As of December 25, 2024, Selling General Administrative is expected to decline to about 36.4 B. In addition to that, Tax Provision is expected to decline to about 4.9 B
 2021 2022 2023 2024 (projected)
Operating Income27.5B32.5B37.5B23.5B
Total Revenue343.4B345.7B373.7B255.7B

Midea Group fundamental ratios Correlations

0.920.990.990.931.00.980.920.950.90.22-0.050.960.621.00.890.860.860.910.84-0.490.93-0.540.980.950.66
0.920.930.910.780.920.880.810.910.790.15-0.170.910.70.920.790.70.90.780.85-0.620.86-0.580.90.950.72
0.990.930.980.90.990.990.920.960.830.16-0.080.970.60.990.870.840.880.870.87-0.540.91-0.530.970.950.68
0.990.910.980.920.990.970.90.970.870.25-0.010.940.630.990.840.890.830.880.83-0.460.9-0.480.970.930.65
0.930.780.90.920.90.930.880.850.910.470.210.90.40.930.930.930.710.970.6-0.240.91-0.460.920.770.43
1.00.920.990.990.90.980.910.960.860.19-0.070.960.620.990.860.860.850.870.87-0.520.9-0.510.980.940.67
0.980.880.990.970.930.980.920.940.850.2-0.010.970.540.990.90.870.820.910.81-0.490.91-0.520.980.910.61
0.920.810.920.90.880.910.920.910.850.16-0.180.90.440.930.850.780.740.890.78-0.410.89-0.590.940.840.56
0.950.910.960.970.850.960.940.910.810.12-0.120.930.560.950.760.810.830.830.86-0.520.87-0.530.930.90.6
0.90.790.830.870.910.860.850.850.810.390.030.850.570.90.890.790.710.930.6-0.310.91-0.60.90.80.47
0.220.150.160.250.470.190.20.160.120.390.560.210.020.230.40.540.020.46-0.250.340.35-0.190.220.05-0.01
-0.05-0.17-0.08-0.010.21-0.07-0.01-0.18-0.120.030.56-0.11-0.37-0.050.080.35-0.270.13-0.420.33-0.010.16-0.11-0.25-0.41
0.960.910.970.940.90.960.970.90.930.850.21-0.110.570.970.910.790.880.910.79-0.530.94-0.610.970.910.62
0.620.70.60.630.40.620.540.440.560.570.02-0.370.570.610.440.390.720.440.64-0.510.5-0.310.630.780.9
1.00.920.990.990.930.990.990.930.950.90.23-0.050.970.610.90.860.860.920.83-0.490.94-0.560.990.940.65
0.890.790.870.840.930.860.90.850.760.890.40.080.910.440.90.790.730.950.61-0.370.93-0.60.910.80.48
0.860.70.840.890.930.860.870.780.810.790.540.350.790.390.860.790.580.840.56-0.130.77-0.280.830.70.43
0.860.90.880.830.710.850.820.740.830.710.02-0.270.880.720.860.730.580.720.81-0.570.82-0.50.840.940.77
0.910.780.870.880.970.870.910.890.830.930.460.130.910.440.920.950.840.720.56-0.350.96-0.650.930.780.47
0.840.850.870.830.60.870.810.780.860.6-0.25-0.420.790.640.830.610.560.810.56-0.650.66-0.340.820.890.71
-0.49-0.62-0.54-0.46-0.24-0.52-0.49-0.41-0.52-0.310.340.33-0.53-0.51-0.49-0.37-0.13-0.57-0.35-0.65-0.490.63-0.52-0.63-0.56
0.930.860.910.90.910.90.910.890.870.910.35-0.010.940.50.940.930.770.820.960.66-0.49-0.760.930.870.54
-0.54-0.58-0.53-0.48-0.46-0.51-0.52-0.59-0.53-0.6-0.190.16-0.61-0.31-0.56-0.6-0.28-0.5-0.65-0.340.63-0.76-0.57-0.55-0.32
0.980.90.970.970.920.980.980.940.930.90.22-0.110.970.630.990.910.830.840.930.82-0.520.93-0.570.930.68
0.950.950.950.930.770.940.910.840.90.80.05-0.250.910.780.940.80.70.940.780.89-0.630.87-0.550.930.83
0.660.720.680.650.430.670.610.560.60.47-0.01-0.410.620.90.650.480.430.770.470.71-0.560.54-0.320.680.83
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Midea Group Account Relationship Matchups

Midea Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets302.0B360.4B387.9B422.6B486.0B281.9B
Other Current Liab36.2B41.9B48.3B57.8B71.3B38.2B
Total Current Liabilities144.3B184.2B222.9B206.3B251.2B146.7B
Total Stockholder Equity101.7B117.5B124.9B142.9B162.9B92.0B
Other Liab8.9B8.8B9.2B9.0B10.4B5.7B
Retained Earnings79.5B95.6B113.2B119.7B136.3B71.7B
Accounts Payable66.4B82.2B98.7B89.8B94.2B65.3B
Cash70.9B81.2B71.9B55.3B81.7B49.6B
Other Assets6.6B10.0B12.1B13.1B15.0B7.6B
Long Term Debt41.3B42.8B19.7B53.8B49.4B26.5B
Net Receivables44.6B23.0B24.6B28.2B32.9B35.6B
Short Term Investments1.1B28.2B5.9B3.3B1.8B1.7B
Inventory34.7B33.8B50.3B46.0B47.3B31.5B
Other Current Assets4.3B8.0B10.0B98.2B88.0B92.4B
Total Liab194.5B236.1B253.1B270.6B311.7B180.0B
Intangible Assets15.5B15.4B17.2B16.9B18.5B12.7B
Common Stock6.7B7.0B7.0B7.0B8.0B5.7B
Property Plant Equipment24.5B22.9B23.7B27.8B32.0B25.2B
Good Will28.2B29.6B27.9B28.5B30.9B23.6B
Net Tangible Assets37.8B58.0B72.5B79.8B91.8B58.1B
Other Stockholder Equity(1.3B)(711.6M)(1.5B)(1.7B)(1.6B)(1.5B)
Total Current Assets216.5B241.7B248.9B261.1B281.3B221.9B
Non Current Assets Total85.5B118.7B139.1B161.5B204.7B126.3B
Non Currrent Assets Other4.9B11.3B36.4B42.8B80.6B84.6B
Non Current Liabilities Total50.1B52.0B30.3B64.3B60.5B49.1B
Short Long Term Debt5.7B9.9B5.6B5.2B8.8B5.7B
Non Current Liabilities Other1.2B991.1M998.3M1.1B821.7M882.7M
Common Stock Shares Outstanding7.0B7.0B7.0B7.0B7.0B7.6B
Net Invested Capital148.7B170.3B150.2B202.0B221.1B176.3B
Net Working Capital72.2B57.5B26.0B54.8B30.1B39.3B
Capital Stock7.0B7.0B7.0B7.0B7.0B7.6B

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Other Information on Investing in Midea Stock

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