Bank Net Income vs Change In Cash Analysis

002948 Stock

3.87 0.02 0.52%

Bank of Qingdao financial indicator trend analysis is way more than just evaluating Bank of Qingdao prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Qingdao is a good investment. Please check the relationship between Bank of Qingdao Net Income and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Qingdao. 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.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Qingdao Net Income account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Bank of Qingdao's Net Income and Change In Cash is -0.01. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Bank of Qingdao, assuming nothing else is changed. The correlation between historical values of Bank of Qingdao's Net Income and Change In Cash 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 Bank of Qingdao are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Bank of Qingdao's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Income

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

Change In Cash

Most indicators from Bank of Qingdao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Qingdao 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 Bank of Qingdao. 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 Tax Provision is expected to grow to about 271.5 M, whereas Selling General Administrative is forecasted to decline to about 1.1 B.

	2024	2025 (projected)
Gross Profit	6.9B	5.4B
Total Revenue	12.7B	9.1B

Gross Profit Total Revenue

Bank of Qingdao fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Inventory	Net Debt
Total Assets		0.93	0.97	0.98	0.52	0.93	0.46	-0.05	0.9	0.0	0.89	-0.37	0.91	0.75	0.5	1.0	0.41	0.99	0.88	0.84	0.88	0.82	0.9	0.94	0.26	-0.03
Other Current Liab	0.93		0.95	0.88	0.39	0.83	0.57	0.16	0.88	0.21	0.91	-0.26	0.9	0.6	0.31	0.93	0.2	0.93	0.82	0.72	0.82	0.73	0.78	0.88	0.35	-0.13
Total Current Liabilities	0.97	0.95		0.94	0.38	0.83	0.63	0.14	0.96	0.21	0.91	-0.32	0.93	0.62	0.33	0.97	0.43	0.95	0.92	0.74	0.92	0.69	0.78	0.96	0.3	-0.08
Total Stockholder Equity	0.98	0.88	0.94		0.53	0.92	0.47	-0.07	0.89	-0.01	0.88	-0.39	0.86	0.75	0.51	0.98	0.5	0.99	0.91	0.83	0.91	0.79	0.89	0.97	0.3	0.04
Other Liab	0.52	0.39	0.38	0.53		0.63	0.06	-0.47	0.21	-0.63	0.49	-0.63	0.21	0.84	0.79	0.52	0.22	0.54	0.2	0.8	0.2	0.75	0.69	0.39	-0.15	-0.26
Net Tangible Assets	0.93	0.83	0.83	0.92	0.63		0.32	-0.15	0.7	-0.29	0.79	-0.33	0.79	0.85	0.68	0.93	0.29	0.93	0.72	0.88	0.72	0.92	0.99	0.81	0.18	0.04
Retained Earnings	0.46	0.57	0.63	0.47	0.06	0.32		0.71	0.62	0.41	0.59	-0.11	0.55	0.22	-0.02	0.46	0.33	0.45	0.61	0.34	0.61	0.08	0.24	0.61	0.27	-0.12
Accounts Payable	-0.05	0.16	0.14	-0.07	-0.47	-0.15	0.71		0.16	0.64	0.02	0.56	0.16	-0.43	-0.56	-0.05	-0.02	-0.06	0.2	-0.34	0.2	-0.33	-0.24	0.13	0.14	-0.05
Cash	0.9	0.88	0.96	0.89	0.21	0.7	0.62	0.16		0.36	0.87	-0.31	0.92	0.49	0.2	0.9	0.49	0.88	0.95	0.62	0.95	0.51	0.64	0.94	0.39	0.0
Other Assets	0.0	0.21	0.21	-0.01	-0.63	-0.29	0.41	0.64	0.36		0.11	0.37	0.2	-0.59	-0.78	0.01	0.03	-0.01	0.29	-0.44	0.29	-0.38	-0.37	0.2	0.33	0.01
Long Term Debt	0.89	0.91	0.91	0.88	0.49	0.79	0.59	0.02	0.87	0.11		-0.5	0.87	0.71	0.51	0.89	0.19	0.88	0.79	0.81	0.79	0.67	0.77	0.89	0.56	0.1
Net Receivables	-0.37	-0.26	-0.32	-0.39	-0.63	-0.33	-0.11	0.56	-0.31	0.37	-0.5		-0.24	-0.69	-0.65	-0.37	-0.22	-0.37	-0.19	-0.69	-0.19	-0.36	-0.41	-0.3	-0.13	0.16
Short Term Investments	0.91	0.9	0.93	0.86	0.21	0.79	0.55	0.16	0.92	0.2	0.87	-0.24		0.55	0.34	0.91	0.24	0.86	0.88	0.66	0.88	0.6	0.75	0.87	0.48	0.13
Other Current Assets	0.75	0.6	0.62	0.75	0.84	0.85	0.22	-0.43	0.49	-0.59	0.71	-0.69	0.55		0.91	0.75	0.29	0.76	0.48	0.98	0.48	0.81	0.88	0.61	0.08	-0.07
Other Stockholder Equity	0.5	0.31	0.33	0.51	0.79	0.68	-0.02	-0.56	0.2	-0.78	0.51	-0.65	0.34	0.91		0.49	0.04	0.49	0.19	0.84	0.19	0.69	0.75	0.33	0.15	0.2
Total Liab	1.0	0.93	0.97	0.98	0.52	0.93	0.46	-0.05	0.9	0.01	0.89	-0.37	0.91	0.75	0.49		0.41	0.99	0.87	0.83	0.87	0.82	0.9	0.93	0.26	-0.04
Deferred Long Term Liab	0.41	0.2	0.43	0.5	0.22	0.29	0.33	-0.02	0.49	0.03	0.19	-0.22	0.24	0.29	0.04	0.41		0.45	0.62	0.31	0.62	0.12	0.25	0.54	-0.31	-0.27
Long Term Investments	0.99	0.93	0.95	0.99	0.54	0.93	0.45	-0.06	0.88	-0.01	0.88	-0.37	0.86	0.76	0.49	0.99	0.45		0.88	0.84	0.88	0.83	0.9	0.94	0.24	-0.06
Short Long Term Debt	0.88	0.82	0.92	0.91	0.2	0.72	0.61	0.2	0.95	0.29	0.79	-0.19	0.88	0.48	0.19	0.87	0.62	0.88		0.59	1.0	0.48	0.66	0.96	0.35	0.06
Total Current Assets	0.84	0.72	0.74	0.83	0.8	0.88	0.34	-0.34	0.62	-0.44	0.81	-0.69	0.66	0.98	0.84	0.83	0.31	0.84	0.59		0.59	0.83	0.9	0.72	0.15	-0.08
Short Term Debt	0.88	0.82	0.92	0.91	0.2	0.72	0.61	0.2	0.95	0.29	0.79	-0.19	0.88	0.48	0.19	0.87	0.62	0.88	1.0	0.59		0.48	0.66	0.96	0.35	0.06
Intangible Assets	0.82	0.73	0.69	0.79	0.75	0.92	0.08	-0.33	0.51	-0.38	0.67	-0.36	0.6	0.81	0.69	0.82	0.12	0.83	0.48	0.83	0.48		0.94	0.63	0.03	-0.08
Common Stock	0.9	0.78	0.78	0.89	0.69	0.99	0.24	-0.24	0.64	-0.37	0.77	-0.41	0.75	0.88	0.75	0.9	0.25	0.9	0.66	0.9	0.66	0.94		0.76	0.19	0.05
Property Plant Equipment	0.94	0.88	0.96	0.97	0.39	0.81	0.61	0.13	0.94	0.2	0.89	-0.3	0.87	0.61	0.33	0.93	0.54	0.94	0.96	0.72	0.96	0.63	0.76		0.38	0.05
Inventory	0.26	0.35	0.3	0.3	-0.15	0.18	0.27	0.14	0.39	0.33	0.56	-0.13	0.48	0.08	0.15	0.26	-0.31	0.24	0.35	0.15	0.35	0.03	0.19	0.38		0.71
Net Debt	-0.03	-0.13	-0.08	0.04	-0.26	0.04	-0.12	-0.05	0.0	0.01	0.1	0.16	0.13	-0.07	0.2	-0.04	-0.27	-0.06	0.06	-0.08	0.06	-0.08	0.05	0.05	0.71

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Bank of Qingdao Account Relationship Matchups

Bank of Qingdao fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	459.8B	522.2B	529.6B	608.0B	699.2B	437.9B
Other Current Liab	415.7M	818.3M	767.3M	703.9M	809.5M	468.7M
Total Current Liabilities	316.9B	404.0B	471.3B	412.1B	473.9B	351.0B
Total Stockholder Equity	30.3B	32.6B	35.8B	39.1B	44.9B	31.1B
Other Liab	1.2B	3.6B	2.3B	5.6B	6.4B	6.7B
Net Tangible Assets	21.9B	22.2B	24.5B	35.8B	41.2B	24.0B
Retained Earnings	9.6B	11.2B	12.8B	5.0B	5.8B	9.1B
Accounts Payable	289.2B	319.9B	354.5B	9.6B	11.0B	10.5B
Cash	49.8B	60.5B	38.7B	47.1B	54.1B	42.0B
Other Assets	179.2B	216.1B	253.8B	22.0B	25.3B	24.0B
Other Current Assets	21.5B	24.5B	20.8B	262.5B	301.9B	317.0B
Other Stockholder Equity	9.0B	32.7M	746.5M	17.2B	19.7B	20.7B
Total Liab	428.9B	488.9B	493.0B	568.0B	653.3B	406.2B
Deferred Long Term Liab	619.2M	196.2M	259.3M	352.2M	405.1M	389.9M
Long Term Investments	178.5B	190.1B	202.2B	226.2B	260.1B	168.3B
Total Current Assets	71.9B	99.7B	131.0B	348.4B	400.7B	420.7B
Intangible Assets	252.5M	296.6M	353.1M	420.1M	483.1M	278.3M
Property Plant Equipment	3.9B	4.1B	4.2B	4.3B	4.9B	3.4B
Inventory	10.5M	111.3M	50.1M	29.4M	33.9M	42.1M
Net Debt	22.9B	31.6B	36.2B	42.2B	38.0B	31.2B
Net Invested Capital	44.9B	51.8B	46.1B	128.3B	147.6B	155.0B
Property Plant And Equipment Net	4.1B	4.2B	4.3B	4.4B	5.0B	4.6B
Property Plant And Equipment Gross	5.3B	5.7B	6.0B	6.3B	7.3B	6.2B

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Other Information on Investing in Bank Stock

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

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Bank Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

Bank of Qingdao fundamental ratios Correlations

Bank of Qingdao Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Qingdao fundamental ratios Accounts

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Other Information on Investing in Bank Stock

COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Long Term Investments	+ 0.99	Total Assets
Long Term Investments	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Net Tangible Assets
Long Term Investments	+ 0.99	Total Liab

Other Stockholder Equity	- 0.78	Other Assets
Total Current Assets	- 0.69	Net Receivables
Other Current Assets	- 0.69	Net Receivables
Other Stockholder Equity	- 0.65	Net Receivables
Net Receivables	- 0.63	Other Liab
Other Assets	- 0.63	Other Liab