Shenzhen Research Development vs Net Income Analysis

002813 Stock   25.96  0.39  1.53%   
Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover Research Development and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen RoadRover Technology. 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.

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen RoadRover Research Development account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
Research DevelopmentNet IncomeDiversified AwayResearch DevelopmentNet IncomeDiversified Away100%
The correlation between Shenzhen RoadRover's Research Development and Net Income is -0.53. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Net Income in the same time period over historical financial statements of Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover's Research Development and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Shenzhen RoadRover Technology are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Research Development i.e., Shenzhen RoadRover's Research Development and Net Income go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Research Development

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Shenzhen RoadRover financial statement analysis. It represents the amount of money remaining after all of Shenzhen RoadRover Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 Shenzhen RoadRover Technology. 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 Tax Provision is expected to grow to about 14.9 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue308.5M273.9M220.2M408.3M
Research Development17.4M15.1M30.9M33.3M

Shenzhen RoadRover fundamental ratios Correlations

-0.30.940.830.450.670.890.620.520.870.870.790.940.740.430.550.06-0.050.75-0.010.770.880.890.20.330.66
-0.3-0.08-0.60.020.15-0.10.19-0.42-0.180.040.09-0.060.04-0.78-0.420.8-0.53-0.08-0.40.02-0.22-0.05-0.650.530.28
0.94-0.080.610.350.630.960.630.450.920.910.810.990.680.220.350.32-0.190.66-0.040.860.920.940.140.440.73
0.83-0.60.610.410.60.540.410.480.630.60.530.60.60.650.64-0.40.250.760.030.480.660.620.350.040.42
0.450.020.350.410.620.430.62-0.030.120.440.70.430.820.210.710.21-0.460.35-0.490.050.060.2-0.450.580.41
0.670.150.630.60.620.550.810.090.470.820.690.640.82-0.110.440.34-0.40.86-0.50.490.510.65-0.360.750.86
0.89-0.10.960.540.430.550.60.310.850.860.770.970.650.230.450.31-0.240.54-0.040.740.820.860.080.450.61
0.620.190.630.410.620.810.60.110.350.820.70.650.87-0.180.340.54-0.490.68-0.450.350.460.66-0.530.880.88
0.52-0.420.450.48-0.030.090.310.110.420.340.410.450.220.51-0.03-0.180.310.310.080.40.540.380.54-0.160.26
0.87-0.180.920.630.120.470.850.350.420.760.650.880.460.340.250.110.030.640.130.940.950.910.380.150.53
0.870.040.910.60.440.820.860.820.340.760.80.90.80.030.30.44-0.350.83-0.270.740.840.92-0.110.680.91
0.790.090.810.530.70.690.770.70.410.650.80.840.890.230.370.43-0.390.61-0.30.670.640.71-0.130.570.74
0.94-0.060.990.60.430.640.970.650.450.880.90.840.710.230.410.33-0.220.63-0.060.830.870.910.080.460.71
0.740.040.680.60.820.820.650.870.220.460.80.890.710.170.540.37-0.410.7-0.380.450.50.63-0.340.710.79
0.43-0.780.220.650.21-0.110.23-0.180.510.340.030.230.230.170.47-0.690.60.10.360.140.30.110.71-0.53-0.23
0.55-0.420.350.640.710.440.450.34-0.030.250.30.370.410.540.47-0.3-0.040.260.020.060.150.22-0.060.130.09
0.060.80.32-0.40.210.340.310.54-0.180.110.440.430.330.37-0.69-0.3-0.790.14-0.380.30.130.33-0.680.80.6
-0.05-0.53-0.190.25-0.46-0.4-0.24-0.490.310.03-0.35-0.39-0.22-0.410.6-0.04-0.79-0.130.49-0.140.04-0.190.76-0.77-0.47
0.75-0.080.660.760.350.860.540.680.310.640.830.610.630.70.10.260.14-0.13-0.290.620.720.79-0.040.510.8
-0.01-0.4-0.040.03-0.49-0.5-0.04-0.450.080.13-0.27-0.3-0.06-0.380.360.02-0.380.49-0.290.090.09-0.010.47-0.62-0.49
0.770.020.860.480.050.490.740.350.40.940.740.670.830.450.140.060.3-0.140.620.090.920.890.270.230.62
0.88-0.220.920.660.060.510.820.460.540.950.840.640.870.50.30.150.130.040.720.090.920.940.390.210.66
0.89-0.050.940.620.20.650.860.660.380.910.920.710.910.630.110.220.33-0.190.79-0.010.890.940.080.460.78
0.2-0.650.140.35-0.45-0.360.08-0.530.540.38-0.11-0.130.08-0.340.71-0.06-0.680.76-0.040.470.270.390.08-0.77-0.32
0.330.530.440.040.580.750.450.88-0.160.150.680.570.460.71-0.530.130.8-0.770.51-0.620.230.210.46-0.770.82
0.660.280.730.420.410.860.610.880.260.530.910.740.710.79-0.230.090.6-0.470.8-0.490.620.660.78-0.320.82
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Shenzhen RoadRover Account Relationship Matchups

Shenzhen RoadRover fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B540.5M589.3M551.3M511.4M705.3M
Other Current Liab59.7M37.5M71.5M68.5M23.3M22.2M
Total Current Liabilities738.8M130.7M174.5M144.5M133.3M126.6M
Total Stockholder Equity305.8M382.7M387.6M392.0M364.7M460.6M
Other Liab13.2M18.5M15.5M5.7M5.2M4.9M
Retained Earnings(21.3M)57.9M63.1M66.4M(5.7M)(5.4M)
Accounts Payable420.3M74.0M71.7M48.8M45.8M43.5M
Cash99.3M39.9M79.4M77.4M61.2M108.1M
Other Assets186.0M96.2M129.4M122.4M140.8M122.1M
Net Receivables450.8M64.5M134.2M49.2M44.6M42.4M
Inventory179.6M63.5M38.4M45.6M52.1M49.5M
Other Current Assets13.5M10.0M7.4M8.1M4.3M4.1M
Total Liab799.6M158.6M202.5M160.3M147.6M140.2M
Intangible Assets4.5M98.4K1.3M1.1M1.3M1.2M
Property Plant Equipment236.4M163.1M164.3M144.8M166.5M236.6M
Net Tangible Assets668.4M305.3M382.6M386.3M347.7M392.2M
Other Stockholder Equity871.1K6.4K(349.1K)753.7K866.7K910.0K
Deferred Long Term Liab24.9M8.5M4.4M3.3M2.9M2.8M
Short Long Term Debt244.6M5.0M10.0M10.0M19.8M18.8M
Total Current Assets763.2M243.7M299.7M285.1M252.8M480.7M
Non Current Assets Total340.8M296.8M289.7M266.2M258.5M285.8M
Non Currrent Assets Other1.0M624.0K1.2M600K229K217.6K
Non Current Liabilities Total60.8M27.8M28.1M15.8M14.3M24.4M
Non Current Liabilities Other1.1M5.8M7.8M3.5M2.1M2.0M
Net Invested Capital597.9M397.1M397.6M402.0M384.5M509.6M
Net Working Capital24.4M113.0M125.2M140.7M119.6M111.2M

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Other Information on Investing in Shenzhen Stock

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