Hengyi Change In Working Capital vs Depreciation Analysis

000703 Stock

6.02 0.07 1.15%

Hengyi Petrochemical financial indicator trend analysis is much more than just examining Hengyi Petrochemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengyi Petrochemical is a good investment. Please check the relationship between Hengyi Petrochemical Change In Working Capital and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengyi Petrochemical 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 board of governors.

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengyi Petrochemical Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hengyi Petrochemical's Change In Working Capital and Depreciation is -0.31. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Hengyi Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Hengyi Petrochemical's Change In Working Capital 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 Change In Working Capital of Hengyi Petrochemical 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 Change In Working Capital i.e., Hengyi Petrochemical's Change In Working Capital and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Depreciation

Depreciation indicates how much of Hengyi Petrochemical value has been used up. For tax purposes Hengyi Petrochemical can deduct the cost of the tangible assets it purchases as business expenses. However, Hengyi Petrochemical 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 Hengyi Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengyi Petrochemical 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 Hengyi Petrochemical 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 board of governors.

As of December 26, 2024, Selling General Administrative is expected to decline to about 336 M. In addition to that, Tax Provision is expected to decline to about 29.6 M

	2021	2022	2023	2024 (projected)
Operating Income	5.5B	1.5B	2.8B	1.7B
Total Revenue	129.0B	152.1B	136.1B	143.0B

Operating Income Total Revenue

Hengyi Petrochemical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Long Term Debt	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock
Total Assets		0.2	0.99	0.98	0.76	0.98	0.66	0.96	0.68	0.72	0.97	0.24	1.0	0.96	0.98	0.99	0.9	0.97	0.41	0.93	-0.76	0.92	0.88	0.95	0.95	-0.82
Other Current Liab	0.2		0.1	0.33	0.24	0.35	0.33	0.18	0.35	0.04	0.05	0.39	0.14	-0.02	0.25	0.19	0.19	0.25	0.21	0.34	-0.14	0.12	0.36	0.21	0.19	-0.41
Total Current Liabilities	0.99	0.1		0.95	0.74	0.96	0.63	0.96	0.6	0.73	0.98	0.27	0.99	0.97	0.97	0.98	0.91	0.93	0.43	0.89	-0.78	0.9	0.83	0.93	0.94	-0.76
Total Stockholder Equity	0.98	0.33	0.95		0.73	0.98	0.68	0.94	0.76	0.7	0.93	0.21	0.96	0.91	0.98	0.97	0.86	0.96	0.43	0.96	-0.7	0.9	0.92	0.94	0.93	-0.87
Other Liab	0.76	0.24	0.74	0.73		0.75	0.82	0.66	0.53	0.74	0.7	0.51	0.76	0.68	0.72	0.75	0.63	0.77	0.62	0.73	-0.4	0.72	0.73	0.72	0.74	-0.58
Retained Earnings	0.98	0.35	0.96	0.98	0.75		0.69	0.94	0.68	0.71	0.94	0.32	0.97	0.89	0.97	0.97	0.89	0.94	0.48	0.93	-0.77	0.88	0.88	0.93	0.92	-0.85
Accounts Payable	0.66	0.33	0.63	0.68	0.82	0.69		0.62	0.65	0.85	0.6	0.37	0.65	0.54	0.57	0.61	0.43	0.65	0.58	0.69	-0.27	0.61	0.68	0.65	0.68	-0.67
Cash	0.96	0.18	0.96	0.94	0.66	0.94	0.62		0.62	0.62	0.94	0.2	0.96	0.95	0.94	0.94	0.86	0.92	0.37	0.9	-0.8	0.8	0.85	0.94	0.94	-0.79
Other Assets	0.68	0.35	0.6	0.76	0.53	0.68	0.65	0.62		0.63	0.55	-0.17	0.64	0.58	0.68	0.69	0.48	0.72	0.28	0.76	-0.24	0.62	0.83	0.64	0.6	-0.88
Net Receivables	0.72	0.04	0.73	0.7	0.74	0.71	0.85	0.62	0.63		0.7	0.28	0.72	0.64	0.65	0.69	0.57	0.67	0.57	0.64	-0.26	0.74	0.6	0.63	0.66	-0.58
Inventory	0.97	0.05	0.98	0.93	0.7	0.94	0.6	0.94	0.55	0.7		0.19	0.98	0.96	0.93	0.96	0.89	0.93	0.33	0.89	-0.78	0.93	0.81	0.94	0.95	-0.73
Other Current Assets	0.24	0.39	0.27	0.21	0.51	0.32	0.37	0.2	-0.17	0.28	0.19		0.24	0.15	0.27	0.2	0.29	0.15	0.64	0.16	-0.28	0.13	0.09	0.2	0.23	-0.02
Total Liab	1.0	0.14	0.99	0.96	0.76	0.97	0.65	0.96	0.64	0.72	0.98	0.24		0.97	0.97	0.99	0.91	0.97	0.39	0.91	-0.77	0.92	0.86	0.94	0.95	-0.79
Intangible Assets	0.96	-0.02	0.97	0.91	0.68	0.89	0.54	0.95	0.58	0.64	0.96	0.15	0.97		0.94	0.96	0.86	0.92	0.3	0.87	-0.76	0.88	0.81	0.92	0.92	-0.72
Common Stock	0.98	0.25	0.97	0.98	0.72	0.97	0.57	0.94	0.68	0.65	0.93	0.27	0.97	0.94		0.98	0.9	0.94	0.45	0.92	-0.76	0.87	0.88	0.92	0.9	-0.81
Property Plant Equipment	0.99	0.19	0.98	0.97	0.75	0.97	0.61	0.94	0.69	0.69	0.96	0.2	0.99	0.96	0.98		0.91	0.98	0.38	0.93	-0.75	0.92	0.89	0.94	0.93	-0.82
Short Term Investments	0.9	0.19	0.91	0.86	0.63	0.89	0.43	0.86	0.48	0.57	0.89	0.29	0.91	0.86	0.9	0.91		0.86	0.3	0.81	-0.77	0.81	0.75	0.86	0.86	-0.65
Long Term Debt	0.97	0.25	0.93	0.96	0.77	0.94	0.65	0.92	0.72	0.67	0.93	0.15	0.97	0.92	0.94	0.98	0.86		0.29	0.93	-0.68	0.92	0.9	0.92	0.93	-0.83
Good Will	0.41	0.21	0.43	0.43	0.62	0.48	0.58	0.37	0.28	0.57	0.33	0.64	0.39	0.3	0.45	0.38	0.3	0.29		0.34	-0.21	0.24	0.34	0.32	0.28	-0.29
Net Tangible Assets	0.93	0.34	0.89	0.96	0.73	0.93	0.69	0.9	0.76	0.64	0.89	0.16	0.91	0.87	0.92	0.93	0.81	0.93	0.34		-0.69	0.87	0.98	0.98	0.94	-0.89
Other Stockholder Equity	-0.76	-0.14	-0.78	-0.7	-0.4	-0.77	-0.27	-0.8	-0.24	-0.26	-0.78	-0.28	-0.77	-0.76	-0.76	-0.75	-0.77	-0.68	-0.21	-0.69		-0.61	-0.63	-0.78	-0.77	0.63
Deferred Long Term Liab	0.92	0.12	0.9	0.9	0.72	0.88	0.61	0.8	0.62	0.74	0.93	0.13	0.92	0.88	0.87	0.92	0.81	0.92	0.24	0.87	-0.61		0.8	0.88	0.88	-0.73
Long Term Investments	0.88	0.36	0.83	0.92	0.73	0.88	0.68	0.85	0.83	0.6	0.81	0.09	0.86	0.81	0.88	0.89	0.75	0.9	0.34	0.98	-0.63	0.8		0.93	0.88	-0.92
Short Long Term Debt	0.95	0.21	0.93	0.94	0.72	0.93	0.65	0.94	0.64	0.63	0.94	0.2	0.94	0.92	0.92	0.94	0.86	0.92	0.32	0.98	-0.78	0.88	0.93		0.98	-0.82
Total Current Assets	0.95	0.19	0.94	0.93	0.74	0.92	0.68	0.94	0.6	0.66	0.95	0.23	0.95	0.92	0.9	0.93	0.86	0.93	0.28	0.94	-0.77	0.88	0.88	0.98		-0.79
Treasury Stock	-0.82	-0.41	-0.76	-0.87	-0.58	-0.85	-0.67	-0.79	-0.88	-0.58	-0.73	-0.02	-0.79	-0.72	-0.81	-0.82	-0.65	-0.83	-0.29	-0.89	0.63	-0.73	-0.92	-0.82	-0.79

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Hengyi Petrochemical Account Relationship Matchups

Hengyi Petrochemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	85.2B	92.3B	105.5B	112.0B	108.1B	113.5B
Other Current Liab	1.0B	2.4B	2.4B	90.8M	76.7M	72.8M
Total Current Liabilities	38.3B	41.0B	52.4B	57.0B	55.8B	58.6B
Total Stockholder Equity	23.3B	24.0B	25.9B	25.4B	25.2B	26.5B
Other Liab	239.5M	328.6M	312.6M	294.4M	338.5M	170.4M
Retained Earnings	10.1B	12.1B	14.4B	11.8B	12.2B	12.8B
Accounts Payable	11.9B	6.9B	10.5B	10.6B	7.3B	4.2B
Cash	7.4B	10.1B	14.3B	17.4B	13.8B	14.5B
Other Assets	4.8B	4.9B	1.9B	2.3B	2.7B	2.8B
Net Receivables	9.4B	3.9B	6.4B	6.9B	5.9B	6.2B
Inventory	9.2B	9.7B	12.1B	14.1B	13.1B	13.7B
Other Current Assets	1.2B	2.2B	2.5B	1.7B	1.5B	1.0B
Total Liab	56.2B	62.0B	72.6B	79.3B	76.1B	79.9B
Intangible Assets	1.6B	1.8B	1.9B	3.0B	2.8B	2.9B
Common Stock	2.6B	2.8B	3.7B	3.7B	4.2B	4.4B
Property Plant Equipment	30.7B	42.5B	49.8B	50.4B	58.0B	60.9B
Short Term Investments	149.7M	251.9M	389.0M	251.0M	366.3M	384.6M
Long Term Debt	17.6B	20.1B	18.6B	20.2B	19.0B	20.0B
Net Tangible Assets	17.0B	21.9B	22.0B	23.7B	27.3B	17.9B
Other Stockholder Equity	100.1M	335.6M	(553.8M)	(592.4M)	(533.1M)	(506.5M)
Deferred Long Term Liab	16.2M	676.5M	537.6M	478.3M	550.0M	577.5M
Short Long Term Debt	23.3B	26.5B	33.8B	37.9B	41.1B	23.8B
Total Current Assets	27.3B	29.0B	38.6B	42.6B	36.9B	27.4B
Non Current Assets Total	58.4B	63.3B	67.0B	69.4B	71.1B	56.4B
Non Currrent Assets Other	3.8B	966.4M	1.6B	759.1M	3.0B	2.3B
Non Current Liabilities Total	17.9B	21.0B	20.2B	22.4B	20.2B	16.0B
Non Current Liabilities Other	2.6M	3.6M	213.6K	360.5K	820.0K	779.0K
Net Debt	32.6B	36.5B	38.1B	40.7B	46.3B	34.1B
Common Stock Shares Outstanding	3.7B	3.7B	3.7B	3.7B	3.7B	3.9B
Net Invested Capital	63.3B	70.6B	78.3B	83.5B	85.4B	70.3B
Net Working Capital	(11.4B)	(12.0B)	(13.8B)	(14.4B)	(18.9B)	(19.9B)
Capital Stock	2.8B	3.7B	3.7B	3.7B	3.7B	3.7B

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

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Hengyi Change In Working Capital vs Depreciation Analysis

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

Correlation Coefficient

Change In Working Capital

Depreciation

Hengyi Petrochemical fundamental ratios Correlations

Hengyi Petrochemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hengyi Petrochemical fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Liab
Total Stockholder Equity	+ 0.98	Total Assets

Treasury Stock	- 0.92	Long Term Investments
Treasury Stock	- 0.89	Net Tangible Assets
Treasury Stock	- 0.88	Other Assets
Treasury Stock	- 0.87	Total Stockholder Equity
Treasury Stock	- 0.85	Retained Earnings
Treasury Stock	- 0.83	Long Term Debt