Jiangxi Net Income vs Capital Expenditures Analysis

001318 Stock

13.40 0.91 6.36%

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

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangxi Sunshine Dairy Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Jiangxi Sunshine's Net Income and Capital Expenditures is -0.34. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Jiangxi Sunshine Dairy, assuming nothing else is changed. The correlation between historical values of Jiangxi Sunshine's Net Income 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 Net Income of Jiangxi Sunshine Dairy 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 Net Income i.e., Jiangxi Sunshine's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Jiangxi Sunshine Dairy financial statement analysis. It represents the amount of money remaining after all of Jiangxi Sunshine Dairy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

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

Most indicators from Jiangxi Sunshine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Sunshine Dairy 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 Jiangxi Sunshine Dairy. 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.

The current year's Selling General Administrative is expected to grow to about 51.4 M, whereas Tax Provision is forecasted to decline to about 7.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.6M	1.3M	45.8K	43.5K
Depreciation And Amortization	28.9M	36.5M	42.0M	28.3M

Interest Expense Depreciation And Amortization

Jiangxi Sunshine fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Net Receivables	Deferred Long Term Liab
Total Assets		-0.55	0.08	0.98	0.72	-0.46	-0.18	0.8	0.89	0.92	0.92	0.96	0.97	0.79	0.7	0.88	0.93	0.14	0.99	-0.74	0.9	-0.94	0.77	0.84	0.35	0.84
Other Current Liab	-0.55		0.17	-0.56	-0.31	0.46	-0.21	-0.24	-0.79	-0.44	-0.31	-0.65	-0.74	-0.38	-0.07	-0.7	-0.74	0.15	-0.57	0.36	-0.43	0.69	-0.33	-0.82	-0.48	-0.54
Total Current Liabilities	0.08	0.17		-0.12	0.67	0.78	-0.98	0.61	0.15	0.37	-0.11	0.17	-0.01	0.36	0.4	-0.22	0.01	1.0	-0.06	-0.7	0.5	0.04	0.51	0.2	0.51	0.41
Total Stockholder Equity	0.98	-0.56	-0.12		0.59	-0.6	0.01	0.67	0.85	0.84	0.94	0.92	0.96	0.71	0.61	0.91	0.91	-0.06	0.99	-0.6	0.8	-0.93	0.67	0.79	0.23	0.75
Property Plant And Equipment Net	0.72	-0.31	0.67	0.59		0.09	-0.74	0.95	0.71	0.93	0.56	0.78	0.65	0.9	0.8	0.46	0.67	0.72	0.6	-0.96	0.91	-0.64	0.95	0.75	0.68	0.92
Net Debt	-0.46	0.46	0.78	-0.6	0.09		-0.67	0.01	-0.3	-0.23	-0.62	-0.34	-0.51	-0.16	-0.17	-0.71	-0.56	0.74	-0.54	-0.14	-0.04	0.61	-0.02	-0.26	0.2	-0.11
Retained Earnings	-0.18	-0.21	-0.98	0.01	-0.74	-0.67		-0.72	-0.17	-0.48	-0.05	-0.23	-0.07	-0.46	-0.57	0.1	-0.11	-0.98	-0.05	0.77	-0.57	0.07	-0.57	-0.22	-0.51	-0.46
Accounts Payable	0.8	-0.24	0.61	0.67	0.95	0.01	-0.72		0.68	0.94	0.7	0.78	0.7	0.82	0.88	0.58	0.73	0.66	0.7	-0.97	0.94	-0.73	0.87	0.68	0.53	0.84
Cash	0.89	-0.79	0.15	0.85	0.71	-0.3	-0.17	0.68		0.84	0.64	0.97	0.95	0.75	0.44	0.76	0.87	0.21	0.87	-0.73	0.86	-0.84	0.77	0.99	0.53	0.9
Non Current Assets Total	0.92	-0.44	0.37	0.84	0.93	-0.23	-0.48	0.94	0.84		0.81	0.93	0.86	0.92	0.84	0.72	0.85	0.44	0.85	-0.9	0.96	-0.85	0.93	0.83	0.55	0.94
Non Currrent Assets Other	0.92	-0.31	-0.11	0.94	0.56	-0.62	-0.05	0.7	0.64	0.81		0.79	0.83	0.67	0.75	0.86	0.83	-0.05	0.92	-0.55	0.72	-0.88	0.61	0.58	0.11	0.63
Cash And Short Term Investments	0.96	-0.65	0.17	0.92	0.78	-0.34	-0.23	0.78	0.97	0.93	0.79		0.96	0.82	0.59	0.79	0.89	0.23	0.93	-0.78	0.92	-0.89	0.84	0.94	0.46	0.93
Common Stock Shares Outstanding	0.97	-0.74	-0.01	0.96	0.65	-0.51	-0.07	0.7	0.95	0.86	0.83	0.96		0.74	0.57	0.92	0.96	0.05	0.97	-0.69	0.84	-0.96	0.7	0.92	0.43	0.83
Non Current Liabilities Total	0.79	-0.38	0.36	0.71	0.9	-0.16	-0.46	0.82	0.75	0.92	0.67	0.82	0.74		0.82	0.54	0.72	0.44	0.69	-0.79	0.83	-0.7	0.96	0.79	0.73	0.94
Inventory	0.7	-0.07	0.4	0.61	0.8	-0.17	-0.57	0.88	0.44	0.84	0.75	0.59	0.57	0.82		0.55	0.66	0.45	0.6	-0.77	0.74	-0.67	0.75	0.47	0.5	0.68
Other Current Assets	0.88	-0.7	-0.22	0.91	0.46	-0.71	0.1	0.58	0.76	0.72	0.86	0.79	0.92	0.54	0.55		0.96	-0.17	0.91	-0.53	0.66	-0.97	0.45	0.73	0.24	0.59
Other Stockholder Equity	0.93	-0.74	0.01	0.91	0.67	-0.56	-0.11	0.73	0.87	0.85	0.83	0.89	0.96	0.72	0.66	0.96		0.06	0.91	-0.71	0.8	-0.99	0.65	0.86	0.45	0.77
Total Liab	0.14	0.15	1.0	-0.06	0.72	0.74	-0.98	0.66	0.21	0.44	-0.05	0.23	0.05	0.44	0.45	-0.17	0.06		0.0	-0.74	0.55	-0.01	0.57	0.26	0.55	0.48
Total Current Assets	0.99	-0.57	-0.06	0.99	0.6	-0.54	-0.05	0.7	0.87	0.85	0.92	0.93	0.97	0.69	0.6	0.91	0.91	0.0		-0.64	0.83	-0.94	0.66	0.81	0.24	0.76
Intangible Assets	-0.74	0.36	-0.7	-0.6	-0.96	-0.14	0.77	-0.97	-0.73	-0.9	-0.55	-0.78	-0.69	-0.79	-0.77	-0.53	-0.71	-0.74	-0.64		-0.94	0.68	-0.86	-0.75	-0.65	-0.86
Common Stock	0.9	-0.43	0.5	0.8	0.91	-0.04	-0.57	0.94	0.86	0.96	0.72	0.92	0.84	0.83	0.74	0.66	0.8	0.55	0.83	-0.94		-0.79	0.89	0.84	0.53	0.92
Short Long Term Debt Total	-0.94	0.69	0.04	-0.93	-0.64	0.61	0.07	-0.73	-0.84	-0.85	-0.88	-0.89	-0.96	-0.7	-0.67	-0.97	-0.99	-0.01	-0.94	0.68	-0.79		-0.64	-0.82	-0.37	-0.75
Other Liab	0.77	-0.33	0.51	0.67	0.95	-0.02	-0.57	0.87	0.77	0.93	0.61	0.84	0.7	0.96	0.75	0.45	0.65	0.57	0.66	-0.86	0.89	-0.64		0.79	0.64	0.97
Net Tangible Assets	0.84	-0.82	0.2	0.79	0.75	-0.26	-0.22	0.68	0.99	0.83	0.58	0.94	0.92	0.79	0.47	0.73	0.86	0.26	0.81	-0.75	0.84	-0.82	0.79		0.66	0.92
Net Receivables	0.35	-0.48	0.51	0.23	0.68	0.2	-0.51	0.53	0.53	0.55	0.11	0.46	0.43	0.73	0.5	0.24	0.45	0.55	0.24	-0.65	0.53	-0.37	0.64	0.66		0.68
Deferred Long Term Liab	0.84	-0.54	0.41	0.75	0.92	-0.11	-0.46	0.84	0.9	0.94	0.63	0.93	0.83	0.94	0.68	0.59	0.77	0.48	0.76	-0.86	0.92	-0.75	0.97	0.92	0.68

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Jiangxi Sunshine Account Relationship Matchups

Jiangxi Sunshine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	718.2M	746.6M	740.8M	1.4B	1.4B	1.0B
Other Current Liab	38.5M	32.5M	37.5M	37.7M	1.3M	1.2M
Total Current Liabilities	162.4M	158.0M	163.5M	72.3M	70.5M	90.9M
Total Stockholder Equity	538.5M	566.6M	552.3M	1.3B	1.3B	887.9M
Property Plant And Equipment Net	166.6M	254.9M	250.2M	247.9M	238.5M	233.5M
Net Debt	(212.9M)	(250.7M)	(226.9M)	(362.4M)	(326.2M)	(342.5M)
Retained Earnings	231.8M	245.7M	217.1M	315.9M	376.6M	326.3M
Accounts Payable	23.8M	25.4M	25.9M	33.7M	26.3M	27.2M
Cash	313.0M	350.8M	328.8M	363.4M	487.9M	394.0M
Non Current Assets Total	229.4M	314.4M	315.4M	424.1M	407.3M	346.3M
Non Currrent Assets Other	35.2M	32.7M	39.2M	151.5M	100.7M	73.2M
Cash And Short Term Investments	313.0M	350.8M	328.8M	393.4M	452.4M	372.0M
Common Stock Shares Outstanding	208.8M	209.8M	212.0M	253.2M	282.7M	252.0M
Liabilities And Stockholders Equity	718.2M	746.6M	740.8M	1.4B	1.6B	925.4M
Non Current Liabilities Total	730.1K	7.2M	11.8M	11.0M	11.4M	8.2M
Inventory	30.7M	31.6M	42.7M	50.7M	32.7M	39.6M
Other Current Assets	100.6M	4.8M	11.0M	450.7M	450.6M	473.1M
Other Stockholder Equity	97.9M	109.0M	123.3M	665.4M	765.2M	803.5M
Total Liab	163.1M	165.1M	175.3M	83.3M	81.9M	96.8M
Total Current Assets	488.8M	432.2M	425.4M	933.7M	1.0B	686.6M
Intangible Assets	26.0M	25.4M	24.5M	23.4M	22.5M	21.9M

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Other Information on Investing in Jiangxi Stock

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

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Jiangxi Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Jiangxi Sunshine fundamental ratios Correlations

Jiangxi Sunshine Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jiangxi Sunshine fundamental ratios Accounts

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Other Information on Investing in Jiangxi Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.97	Total Assets

Short Long Term Debt Total	- 0.99	Other Stockholder Equity
Total Liab	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Current Liabilities
Short Long Term Debt Total	- 0.97	Other Current Assets
Intangible Assets	- 0.97	Accounts Payable
Short Long Term Debt Total	- 0.96	Common Stock Shares Outstanding