Dongguan Capital Expenditures vs Change To Netincome Analysis

002993 Stock

35.13 0.14 0.40%

Dongguan Aohai financial indicator trend analysis is much more than just examining Dongguan Aohai Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongguan Aohai Technology is a good investment. Please check the relationship between Dongguan Aohai Capital Expenditures and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongguan Aohai 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 nation.

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

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

The correlation between Dongguan Aohai's Capital Expenditures and Change To Netincome is 0.65. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Dongguan Aohai Technology, assuming nothing else is changed. The correlation between historical values of Dongguan Aohai's Capital Expenditures and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Dongguan Aohai Technology are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Capital Expenditures i.e., Dongguan Aohai's Capital Expenditures and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Expenditures

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

Change To Netincome

Most indicators from Dongguan Aohai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongguan Aohai Technology 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 Dongguan Aohai 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 nation.

The current year's Selling General Administrative is expected to grow to about 224.4 M, whereas Tax Provision is forecasted to decline to about 39.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	773.7M	971.3M	1.2B	676.6M
Total Revenue	4.2B	4.5B	5.2B	3.2B

Gross Profit Total Revenue

Dongguan Aohai fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Common Stock Shares Outstanding
Total Assets		0.6	0.9	0.99	0.99	0.99	0.91	0.89	0.89	0.99	0.91	0.97	0.88	0.99	0.89	0.78	-0.69	0.91	0.97	0.86	0.92	0.9	0.89	0.99	0.91	0.93
Other Current Liab	0.6		0.53	0.65	0.61	0.61	0.68	0.51	0.72	0.54	0.29	0.63	0.5	0.56	0.54	0.02	-0.58	0.54	0.57	0.56	0.66	0.67	0.62	0.6	0.51	0.6
Total Current Liabilities	0.9	0.53		0.87	0.91	0.86	0.95	1.0	0.94	0.88	0.83	0.92	0.98	0.89	0.98	0.6	-0.79	1.0	0.83	0.64	0.97	0.96	0.95	0.9	0.71	0.93
Total Stockholder Equity	0.99	0.65	0.87		0.98	1.0	0.91	0.85	0.9	0.99	0.87	0.95	0.84	0.98	0.87	0.76	-0.65	0.88	0.98	0.9	0.92	0.89	0.89	0.99	0.94	0.94
Other Liab	0.99	0.61	0.91	0.98		0.98	0.92	0.9	0.88	0.99	0.9	0.98	0.91	1.0	0.92	0.74	-0.72	0.92	0.97	0.83	0.92	0.93	0.9	1.0	0.89	0.92
Net Tangible Assets	0.99	0.61	0.86	1.0	0.98		0.9	0.85	0.88	0.99	0.89	0.95	0.83	0.98	0.86	0.79	-0.63	0.87	0.98	0.91	0.9	0.87	0.88	0.99	0.94	0.93
Retained Earnings	0.91	0.68	0.95	0.91	0.92	0.9		0.93	0.96	0.89	0.77	0.91	0.93	0.9	0.95	0.56	-0.71	0.95	0.87	0.76	0.99	0.96	0.99	0.91	0.79	0.98
Accounts Payable	0.89	0.51	1.0	0.85	0.9	0.85	0.93		0.93	0.87	0.83	0.92	0.99	0.88	0.98	0.59	-0.81	1.0	0.81	0.6	0.96	0.95	0.93	0.89	0.68	0.91
Cash	0.89	0.72	0.94	0.9	0.88	0.88	0.96	0.93		0.85	0.76	0.91	0.9	0.85	0.93	0.5	-0.8	0.94	0.81	0.69	0.98	0.93	0.95	0.87	0.72	0.96
Non Current Assets Total	0.99	0.54	0.88	0.99	0.99	0.99	0.89	0.87	0.85		0.92	0.96	0.87	1.0	0.88	0.81	-0.64	0.89	0.99	0.87	0.89	0.89	0.88	1.0	0.93	0.91
Non Currrent Assets Other	0.91	0.29	0.83	0.87	0.9	0.89	0.77	0.83	0.76	0.92		0.91	0.83	0.91	0.84	0.87	-0.71	0.83	0.85	0.67	0.78	0.75	0.77	0.89	0.77	0.83
Other Assets	0.97	0.63	0.92	0.95	0.98	0.95	0.91	0.92	0.91	0.96	0.91		0.92	0.96	0.94	0.67	-0.84	0.92	0.91	0.74	0.92	0.92	0.9	0.97	0.8	0.91
Net Receivables	0.88	0.5	0.98	0.84	0.91	0.83	0.93	0.99	0.9	0.87	0.83	0.92		0.89	0.99	0.58	-0.8	0.98	0.82	0.6	0.94	0.96	0.93	0.89	0.67	0.9
Non Current Liabilities Total	0.99	0.56	0.89	0.98	1.0	0.98	0.9	0.88	0.85	1.0	0.91	0.96	0.89		0.89	0.79	-0.66	0.89	0.98	0.86	0.9	0.9	0.88	1.0	0.92	0.91
Inventory	0.89	0.54	0.98	0.87	0.92	0.86	0.95	0.98	0.93	0.88	0.84	0.94	0.99	0.89		0.58	-0.82	0.99	0.83	0.64	0.96	0.97	0.96	0.9	0.7	0.93
Other Current Assets	0.78	0.02	0.6	0.76	0.74	0.79	0.56	0.59	0.5	0.81	0.87	0.67	0.58	0.79	0.58		-0.27	0.6	0.8	0.75	0.57	0.52	0.57	0.76	0.83	0.67
Other Stockholder Equity	-0.69	-0.58	-0.79	-0.65	-0.72	-0.63	-0.71	-0.81	-0.8	-0.64	-0.71	-0.84	-0.8	-0.66	-0.82	-0.27		-0.78	-0.53	-0.28	-0.74	-0.76	-0.7	-0.67	-0.35	-0.68
Total Liab	0.91	0.54	1.0	0.88	0.92	0.87	0.95	1.0	0.94	0.89	0.83	0.92	0.98	0.89	0.99	0.6	-0.78		0.83	0.65	0.97	0.97	0.95	0.9	0.72	0.94
Deferred Long Term Liab	0.97	0.57	0.83	0.98	0.97	0.98	0.87	0.81	0.81	0.99	0.85	0.91	0.82	0.98	0.83	0.8	-0.53	0.83		0.93	0.86	0.87	0.86	0.98	0.97	0.89
Short Long Term Debt	0.86	0.56	0.64	0.9	0.83	0.91	0.76	0.6	0.69	0.87	0.67	0.74	0.6	0.86	0.64	0.75	-0.28	0.65	0.93		0.75	0.71	0.76	0.87	0.99	0.81
Total Current Assets	0.92	0.66	0.97	0.92	0.92	0.9	0.99	0.96	0.98	0.89	0.78	0.92	0.94	0.9	0.96	0.57	-0.74	0.97	0.86	0.75		0.97	0.98	0.91	0.78	0.98
Intangible Assets	0.9	0.67	0.96	0.89	0.93	0.87	0.96	0.95	0.93	0.89	0.75	0.92	0.96	0.9	0.97	0.52	-0.76	0.97	0.87	0.71	0.97		0.96	0.92	0.75	0.92
Common Stock	0.89	0.62	0.95	0.89	0.9	0.88	0.99	0.93	0.95	0.88	0.77	0.9	0.93	0.88	0.96	0.57	-0.7	0.95	0.86	0.76	0.98	0.96		0.89	0.79	0.98
Property Plant Equipment	0.99	0.6	0.9	0.99	1.0	0.99	0.91	0.89	0.87	1.0	0.89	0.97	0.89	1.0	0.9	0.76	-0.67	0.9	0.98	0.87	0.91	0.92	0.89		0.92	0.92
Good Will	0.91	0.51	0.71	0.94	0.89	0.94	0.79	0.68	0.72	0.93	0.77	0.8	0.67	0.92	0.7	0.83	-0.35	0.72	0.97	0.99	0.78	0.75	0.79	0.92		0.84
Common Stock Shares Outstanding	0.93	0.6	0.93	0.94	0.92	0.93	0.98	0.91	0.96	0.91	0.83	0.91	0.9	0.91	0.93	0.67	-0.68	0.94	0.89	0.81	0.98	0.92	0.98	0.92	0.84

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Dongguan Aohai Account Relationship Matchups

Dongguan Aohai fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	4.2B	5.1B	7.1B	8.4B	8.8B
Other Current Liab	17.5M	37.5M	37.9M	83.2M	17.3M	31.0M
Total Current Liabilities	1.4B	1.9B	2.4B	2.3B	3.3B	1.9B
Total Stockholder Equity	784.4M	2.2B	2.5B	4.6B	4.8B	5.0B
Other Liab	38.5M	55.0M	110.8M	132.5M	152.4M	160.0M
Net Tangible Assets	717.8M	2.1B	2.4B	4.4B	5.0B	5.3B
Retained Earnings	468.3M	797.3M	1.1B	1.5B	1.7B	842.6M
Accounts Payable	1.3B	1.8B	2.3B	1.9B	2.9B	1.7B
Cash	424.0M	2.0B	1.7B	2.5B	2.5B	1.3B
Non Current Assets Total	428.8M	646.7M	1.2B	1.6B	2.1B	2.2B
Non Currrent Assets Other	2.0M	83.3M	124.3M	40.1M	188.4M	197.9M
Other Assets	27.3M	111.1M	192.5M	171.5M	197.3M	207.1M
Net Receivables	871.5M	912.1M	1.5B	1.2B	1.7B	1.1B
Non Current Liabilities Total	47.9M	55.0M	123.0M	159.2M	204.3M	214.5M
Inventory	218.1M	356.4M	661.3M	532.9M	779.7M	405.9M
Other Current Assets	6.4M	43.2M	8.3M	7.5M	588.9M	618.4M
Other Stockholder Equity	(423.8K)	(18.4M)	(26.4M)	(11.2M)	(10.1M)	(10.6M)
Total Liab	1.4B	2.0B	2.6B	2.4B	3.5B	1.9B
Deferred Long Term Liab	6.6M	4.4M	16.1M	32.5M	37.4M	39.2M
Short Long Term Debt	6.8M	228.2K	0.0	114.1M	104.5M	109.7M
Total Current Assets	1.8B	3.6B	3.9B	5.5B	6.3B	3.3B
Intangible Assets	66.1M	65.7M	114.4M	133.2M	134.0M	85.7M
Property Plant Equipment	325.2M	459.7M	836.0M	1.2B	1.3B	1.4B
Net Invested Capital	793.9M	2.2B	2.5B	4.7B	4.9B	2.5B
Net Working Capital	403.6M	1.6B	1.5B	3.2B	3.0B	1.6B
Short Term Investments	269.1M	20.2M	1.6M	546.3M	585.7M	615.0M

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Other Information on Investing in Dongguan Stock

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

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Dongguan Capital Expenditures vs Change To Netincome Analysis

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change To Netincome

Dongguan Aohai fundamental ratios Correlations

Dongguan Aohai Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dongguan Aohai fundamental ratios Accounts

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Other Information on Investing in Dongguan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Other Liab
Property Plant Equipment	+ 1.0	Other Liab
Total Liab	+ 1.0	Accounts Payable

Other Stockholder Equity	- 0.84	Other Assets
Other Stockholder Equity	- 0.82	Inventory
Other Stockholder Equity	- 0.81	Accounts Payable
Other Stockholder Equity	- 0.8	Net Receivables
Other Stockholder Equity	- 0.8	Cash
Other Stockholder Equity	- 0.79	Total Current Liabilities