ChengDu Change To Netincome vs Capital Expenditures Analysis

000628 Stock

59.02 0.92 1.58%

ChengDu Hi-Tech financial indicator trend analysis is way more than just evaluating ChengDu Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChengDu Hi Tech is a good investment. Please check the relationship between ChengDu Hi-Tech Change To Netincome and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChengDu Hi Tech Development. 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 To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChengDu Hi Tech Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.

The correlation between ChengDu Hi-Tech's Change To Netincome and Capital Expenditures is 0.64. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of ChengDu Hi Tech Development, assuming nothing else is changed. The correlation between historical values of ChengDu Hi-Tech's Change To Netincome and Capital Expenditures 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 To Netincome of ChengDu Hi Tech Development are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Netincome i.e., ChengDu Hi-Tech's Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

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Change To Netincome

Capital Expenditures

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

Most indicators from ChengDu Hi-Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChengDu Hi Tech 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 ChengDu Hi Tech Development. 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 102 M. The current year's Tax Provision is expected to grow to about 234.9 M

	2021	2022	2023	2024 (projected)
Income Tax Expense	61.7M	62.4M	71.8M	75.4M
Net Income	163.3M	199.1M	365.9M	384.2M

Income Tax Expense Net Income

ChengDu Hi-Tech fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Inventory	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Short Term Investments	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.93	-0.47	0.91	0.99	0.67	-0.03	0.9	-0.58	1.0	0.75	0.66	-0.52	0.14	0.68	0.06	0.91	0.88	0.13	0.89	0.45	0.85	0.34	0.68	0.92	0.91
Total Stockholder Equity	0.93		-0.72	0.92	0.93	0.59	0.07	0.87	-0.56	0.91	0.64	0.76	-0.51	0.03	0.75	-0.05	0.81	0.88	0.09	0.84	0.54	0.79	0.32	0.69	0.84	0.92
Other Liab	-0.47	-0.72		-0.52	-0.46	-0.42	-0.37	-0.38	0.24	-0.41	-0.17	-0.76	0.4	0.1	-0.58	-0.03	-0.4	-0.53	-0.11	-0.4	-0.43	-0.33	-0.27	-0.55	-0.44	-0.57
Retained Earnings	0.91	0.92	-0.52		0.93	0.39	0.03	0.94	-0.59	0.9	0.73	0.51	-0.24	-0.24	0.63	-0.13	0.82	0.81	0.04	0.87	0.41	0.86	0.24	0.57	0.83	0.85
Accounts Payable	0.99	0.93	-0.46	0.93		0.61	0.02	0.93	-0.6	0.99	0.78	0.63	-0.45	0.09	0.63	-0.02	0.9	0.85	0.12	0.92	0.38	0.88	0.31	0.62	0.9	0.87
Cash	0.67	0.59	-0.42	0.39	0.61		-0.13	0.33	-0.48	0.67	0.3	0.79	-0.82	0.56	0.6	0.54	0.76	0.76	0.34	0.51	0.36	0.35	0.34	0.64	0.77	0.6
Other Assets	-0.03	0.07	-0.37	0.03	0.02	-0.13		0.03	0.04	-0.04	0.09	0.15	0.17	-0.25	-0.27	-0.09	-0.03	-0.12	-0.05	0.02	-0.28	0.07	0.32	-0.25	-0.06	-0.17
Long Term Debt	0.9	0.87	-0.38	0.94	0.93	0.33	0.03		-0.51	0.89	0.83	0.47	-0.22	-0.06	0.55	-0.36	0.73	0.7	-0.09	0.88	0.28	0.94	0.14	0.43	0.73	0.78
Inventory	-0.58	-0.56	0.24	-0.59	-0.6	-0.48	0.04	-0.51		-0.58	-0.41	-0.35	0.18	0.08	-0.21	-0.09	-0.59	-0.61	-0.08	-0.63	-0.1	-0.46	-0.08	-0.11	-0.59	-0.38
Total Liab	1.0	0.91	-0.41	0.9	0.99	0.67	-0.04	0.89	-0.58		0.76	0.62	-0.51	0.17	0.65	0.07	0.92	0.87	0.14	0.89	0.42	0.85	0.34	0.67	0.92	0.89
Intangible Assets	0.75	0.64	-0.17	0.73	0.78	0.3	0.09	0.83	-0.41	0.76		0.29	0.0	0.0	0.33	-0.23	0.63	0.44	-0.4	0.63	0.01	0.97	0.1	0.2	0.61	0.51
Common Stock	0.66	0.76	-0.76	0.51	0.63	0.79	0.15	0.47	-0.35	0.62	0.29		-0.79	0.43	0.72	0.12	0.66	0.79	0.17	0.53	0.49	0.42	0.41	0.61	0.7	0.69
Property Plant Equipment	-0.52	-0.51	0.4	-0.24	-0.45	-0.82	0.17	-0.22	0.18	-0.51	0.0	-0.79		-0.7	-0.6	-0.33	-0.54	-0.69	-0.41	-0.38	-0.58	-0.11	-0.36	-0.66	-0.57	-0.6
Good Will	0.14	0.03	0.1	-0.24	0.09	0.56	-0.25	-0.06	0.08	0.17	0.0	0.43	-0.7		0.2	0.14	0.12	0.17	0.09	0.01	0.14	-0.03	0.15	0.18	0.13	0.11
Short Term Investments	0.68	0.75	-0.58	0.63	0.63	0.6	-0.27	0.55	-0.21	0.65	0.33	0.72	-0.6	0.2		0.1	0.65	0.78	0.06	0.48	0.71	0.5	0.17	0.83	0.7	0.86
Other Current Liab	0.06	-0.05	-0.03	-0.13	-0.02	0.54	-0.09	-0.36	-0.09	0.07	-0.23	0.12	-0.33	0.14	0.1		0.33	0.24	0.47	-0.12	0.22	-0.28	0.4	0.42	0.32	0.1
Total Current Liabilities	0.91	0.81	-0.4	0.82	0.9	0.76	-0.03	0.73	-0.59	0.92	0.63	0.66	-0.54	0.12	0.65	0.33		0.92	0.26	0.79	0.42	0.71	0.46	0.7	1.0	0.83
Net Tangible Assets	0.88	0.88	-0.53	0.81	0.85	0.76	-0.12	0.7	-0.61	0.87	0.44	0.79	-0.69	0.17	0.78	0.24	0.92		0.29	0.76	0.65	0.59	0.44	0.77	0.95	0.91
Net Receivables	0.13	0.09	-0.11	0.04	0.12	0.34	-0.05	-0.09	-0.08	0.14	-0.4	0.17	-0.41	0.09	0.06	0.47	0.26	0.29		0.34	0.05	-0.3	0.24	0.43	0.25	0.22
Other Current Assets	0.89	0.84	-0.4	0.87	0.92	0.51	0.02	0.88	-0.63	0.89	0.63	0.53	-0.38	0.01	0.48	-0.12	0.79	0.76	0.34		0.16	0.75	0.18	0.5	0.79	0.76
Other Stockholder Equity	0.45	0.54	-0.43	0.41	0.38	0.36	-0.28	0.28	-0.1	0.42	0.01	0.49	-0.58	0.14	0.71	0.22	0.42	0.65	0.05	0.16		0.16	0.4	0.74	0.47	0.72
Deferred Long Term Liab	0.85	0.79	-0.33	0.86	0.88	0.35	0.07	0.94	-0.46	0.85	0.97	0.42	-0.11	-0.03	0.5	-0.28	0.71	0.59	-0.3	0.75	0.16		0.14	0.35	0.7	0.67
Long Term Investments	0.34	0.32	-0.27	0.24	0.31	0.34	0.32	0.14	-0.08	0.34	0.1	0.41	-0.36	0.15	0.17	0.4	0.46	0.44	0.24	0.18	0.4	0.14		0.4	0.44	0.37
Short Long Term Debt	0.68	0.69	-0.55	0.57	0.62	0.64	-0.25	0.43	-0.11	0.67	0.2	0.61	-0.66	0.18	0.83	0.42	0.7	0.77	0.43	0.5	0.74	0.35	0.4		0.73	0.88
Total Current Assets	0.92	0.84	-0.44	0.83	0.9	0.77	-0.06	0.73	-0.59	0.92	0.61	0.7	-0.57	0.13	0.7	0.32	1.0	0.95	0.25	0.79	0.47	0.7	0.44	0.73		0.86
Short Term Debt	0.91	0.92	-0.57	0.85	0.87	0.6	-0.17	0.78	-0.38	0.89	0.51	0.69	-0.6	0.11	0.86	0.1	0.83	0.91	0.22	0.76	0.72	0.67	0.37	0.88	0.86

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ChengDu Hi-Tech Account Relationship Matchups

ChengDu Hi-Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9B	8.3B	10.8B	13.7B	13.6B	14.3B
Total Stockholder Equity	1.0B	1.5B	1.6B	1.8B	2.1B	2.2B
Other Liab	51.2M	8.4M	15.0M	50.3M	45.3M	43.0M
Retained Earnings	(66.2M)	174.7M	292.2M	485.3M	818.2M	859.1M
Accounts Payable	1.7B	3.1B	5.2B	6.6B	7.3B	7.7B
Cash	1.1B	1.7B	2.2B	2.6B	1.6B	958.0M
Other Assets	152.2M	142.0M	187.7M	191.8M	220.6M	193.7M
Long Term Debt	212.4M	329.1M	496.4M	777.4M	1.6B	1.6B
Inventory	1.4B	13.3M	6.9M	67.1M	122.3M	116.1M
Total Liab	4.8B	6.6B	9.2B	11.7B	11.4B	12.0B
Intangible Assets	52.1M	46.5M	35.1M	178.6M	166.5M	174.9M
Property Plant Equipment	99.2M	69.1M	56.9M	109.1M	98.2M	153.9M
Other Current Liab	2.1B	2.4B	2.8B	3.3B	785.9M	746.6M
Total Current Liabilities	4.5B	6.3B	8.6B	10.9B	9.8B	6.2B
Net Tangible Assets	960.4M	1.5B	1.5B	1.4B	1.6B	1.1B
Net Receivables	2.6B	788.6M	7.5B	1.0B	650.8M	618.2M
Other Current Assets	9.2M	27.2M	257.7M	145.6M	250.6M	263.2M
Other Stockholder Equity	38.6M	58.5M	13.3M	12.9M	14.9M	17.6M
Deferred Long Term Liab	7.8M	7.1M	3.4M	56.9M	65.5M	68.7M
Short Long Term Debt	320M	200.3M	260.3M	245.2M	125.1M	155.6M
Total Current Assets	5.4B	7.9B	10.2B	12.6B	11.6B	7.3B
Non Current Assets Total	455.5M	481.6M	653.5M	1.1B	2.0B	2.1B
Non Currrent Assets Other	4.0M	10.6M	74.8M	85.4M	69.3M	72.7M
Non Current Liabilities Total	263.6M	338.0M	517.0M	831.5M	1.7B	1.8B
Non Current Liabilities Other	50M	6.1M	12.8M	12.8M	15.5M	14.7M
Net Invested Capital	1.5B	2.1B	2.3B	2.8B	3.8B	2.3B
Net Working Capital	913.3M	1.5B	1.5B	1.8B	1.9B	1.4B

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Other Information on Investing in ChengDu Stock

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

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ChengDu Change To Netincome vs Capital Expenditures Analysis

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Netincome

Capital Expenditures

ChengDu Hi-Tech fundamental ratios Correlations

ChengDu Hi-Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ChengDu Hi-Tech fundamental ratios Accounts

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Other Information on Investing in ChengDu Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Accounts Payable
Deferred Long Term Liab	+ 0.97	Intangible Assets
Total Current Assets	+ 0.95	Net Tangible Assets

Property Plant Equipment	- 0.82	Cash
Property Plant Equipment	- 0.79	Common Stock
Common Stock	- 0.76	Other Liab
Other Liab	- 0.72	Total Stockholder Equity
Good Will	- 0.7	Property Plant Equipment
Net Tangible Assets	- 0.69	Property Plant Equipment