Guangdong Net Income vs Reconciled Depreciation Analysis

002999 Stock

6.46 0.04 0.62%

Guangdong Tianhe financial indicator trend analysis is much more than just examining Guangdong Tianhe Agr latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Tianhe Agr is a good investment. Please check the relationship between Guangdong Tianhe Net Income and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Tianhe Agricultural. 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 Reconciled Depreciation

Net Income vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Tianhe Agr Net Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Guangdong Tianhe's Net Income and Reconciled Depreciation is 0.78. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Guangdong Tianhe Agricultural, assuming nothing else is changed. The correlation between historical values of Guangdong Tianhe's Net Income and Reconciled 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 Net Income of Guangdong Tianhe Agricultural are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income i.e., Guangdong Tianhe's Net Income and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Net Income

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

Reconciled Depreciation

Most indicators from Guangdong Tianhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Tianhe Agr 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 Guangdong Tianhe Agricultural. 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 560.7 M, whereas Tax Provision is forecasted to decline to about 36.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	996.0M	1.0B	929.5M	874.7M
Total Revenue	13.0B	14.5B	15.5B	11.1B

Gross Profit Total Revenue

Guangdong Tianhe 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	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.56	1.0	0.99	0.29	0.98	0.97	0.99	0.84	0.99	0.21	0.75	0.58	0.97	0.96	0.96	0.47	-0.59	1.0	0.68	-0.69	1.0	-0.57	0.79	0.96	0.92
Other Current Liab	0.56		0.54	0.54	0.08	0.51	0.6	0.51	0.64	0.57	0.55	0.17	-0.16	0.45	0.62	0.44	0.94	-0.44	0.56	0.3	-0.53	0.56	-0.22	0.47	0.5	0.37
Total Current Liabilities	1.0	0.54		0.99	0.29	0.98	0.97	0.98	0.81	0.99	0.22	0.77	0.6	0.96	0.94	0.96	0.45	-0.56	1.0	0.7	-0.65	1.0	-0.59	0.79	0.95	0.91
Total Stockholder Equity	0.99	0.54	0.99		0.27	0.99	0.96	0.99	0.87	0.98	0.19	0.73	0.57	0.99	0.96	0.94	0.47	-0.66	0.99	0.64	-0.71	1.0	-0.54	0.8	0.95	0.92
Other Liab	0.29	0.08	0.29	0.27		0.36	0.26	0.32	-0.12	0.38	-0.17	0.38	0.55	0.3	0.32	0.25	-0.13	0.14	0.3	0.76	-0.58	0.27	0.34	-0.04	0.43	0.38
Net Tangible Assets	0.98	0.51	0.98	0.99	0.36		0.93	0.99	0.8	0.98	0.22	0.75	0.58	0.98	0.96	0.94	0.42	-0.63	0.98	0.7	-0.72	0.98	-0.49	0.71	0.97	0.89
Retained Earnings	0.97	0.6	0.97	0.96	0.26	0.93		0.93	0.8	0.95	0.18	0.72	0.57	0.9	0.93	0.97	0.48	-0.53	0.97	0.62	-0.62	0.98	-0.54	0.79	0.91	0.91
Accounts Payable	0.99	0.51	0.98	0.99	0.32	0.99	0.93		0.84	0.99	0.19	0.74	0.58	0.99	0.96	0.92	0.43	-0.62	0.99	0.71	-0.73	0.99	-0.55	0.78	0.97	0.9
Cash	0.84	0.64	0.81	0.87	-0.12	0.8	0.8	0.84		0.81	0.25	0.45	0.22	0.85	0.86	0.73	0.67	-0.82	0.83	0.29	-0.64	0.85	-0.56	0.84	0.77	0.73
Non Current Assets Total	0.99	0.57	0.99	0.98	0.38	0.98	0.95	0.99	0.81		0.21	0.76	0.6	0.96	0.97	0.94	0.45	-0.53	0.99	0.76	-0.74	0.98	-0.55	0.75	0.98	0.92
Non Currrent Assets Other	0.21	0.55	0.22	0.19	-0.17	0.22	0.18	0.19	0.25	0.21		0.29	-0.25	0.16	0.16	0.15	0.6	-0.13	0.21	0.12	-0.04	0.21	-0.38	-0.09	0.13	0.04
Other Assets	0.75	0.17	0.77	0.73	0.38	0.75	0.72	0.74	0.45	0.76	0.29		0.85	0.73	0.66	0.76	0.02	-0.2	0.75	0.67	-0.51	0.74	-0.54	0.37	0.72	0.87
Net Receivables	0.58	-0.16	0.6	0.57	0.55	0.58	0.57	0.58	0.22	0.6	-0.25	0.85		0.58	0.51	0.64	-0.35	-0.01	0.59	0.65	-0.46	0.57	-0.3	0.36	0.6	0.81
Good Will	0.97	0.45	0.96	0.99	0.3	0.98	0.9	0.99	0.85	0.96	0.16	0.73	0.58		0.94	0.9	0.4	-0.69	0.97	0.65	-0.73	0.97	-0.51	0.77	0.95	0.9
Non Current Liabilities Total	0.96	0.62	0.94	0.96	0.32	0.96	0.93	0.96	0.86	0.97	0.16	0.66	0.51	0.94		0.9	0.49	-0.63	0.96	0.65	-0.81	0.96	-0.46	0.74	0.98	0.9
Inventory	0.96	0.44	0.96	0.94	0.25	0.94	0.97	0.92	0.73	0.94	0.15	0.76	0.64	0.9	0.9		0.32	-0.48	0.96	0.64	-0.53	0.96	-0.6	0.73	0.92	0.89
Other Current Assets	0.47	0.94	0.45	0.47	-0.13	0.42	0.48	0.43	0.67	0.45	0.6	0.02	-0.35	0.4	0.49	0.32		-0.55	0.46	0.11	-0.38	0.47	-0.24	0.48	0.37	0.21
Other Stockholder Equity	-0.59	-0.44	-0.56	-0.66	0.14	-0.63	-0.53	-0.62	-0.82	-0.53	-0.13	-0.2	-0.01	-0.69	-0.63	-0.48	-0.55		-0.58	0.03	0.52	-0.61	0.13	-0.58	-0.53	-0.46
Total Liab	1.0	0.56	1.0	0.99	0.3	0.98	0.97	0.99	0.83	0.99	0.21	0.75	0.59	0.97	0.96	0.96	0.46	-0.58		0.7	-0.68	1.0	-0.57	0.79	0.96	0.92
Deferred Long Term Liab	0.68	0.3	0.7	0.64	0.76	0.7	0.62	0.71	0.29	0.76	0.12	0.67	0.65	0.65	0.65	0.64	0.11	0.03	0.7		-0.62	0.66	-0.33	0.37	0.77	0.67
Short Long Term Debt	-0.69	-0.53	-0.65	-0.71	-0.58	-0.72	-0.62	-0.73	-0.64	-0.74	-0.04	-0.51	-0.46	-0.73	-0.81	-0.53	-0.38	0.52	-0.68	-0.62		-0.67	0.05	-0.45	-0.79	-0.74
Total Current Assets	1.0	0.56	1.0	1.0	0.27	0.98	0.98	0.99	0.85	0.98	0.21	0.74	0.57	0.97	0.96	0.96	0.47	-0.61	1.0	0.66	-0.67		-0.57	0.8	0.95	0.91
Non Current Liabilities Other	-0.57	-0.22	-0.59	-0.54	0.34	-0.49	-0.54	-0.55	-0.56	-0.55	-0.38	-0.54	-0.3	-0.51	-0.46	-0.6	-0.24	0.13	-0.57	-0.33	0.05	-0.57		-0.57	-0.47	-0.5
Intangible Assets	0.79	0.47	0.79	0.8	-0.04	0.71	0.79	0.78	0.84	0.75	-0.09	0.37	0.36	0.77	0.74	0.73	0.48	-0.58	0.79	0.37	-0.45	0.8	-0.57		0.68	0.7
Common Stock	0.96	0.5	0.95	0.95	0.43	0.97	0.91	0.97	0.77	0.98	0.13	0.72	0.6	0.95	0.98	0.92	0.37	-0.53	0.96	0.77	-0.79	0.95	-0.47	0.68		0.9
Property Plant Equipment	0.92	0.37	0.91	0.92	0.38	0.89	0.91	0.9	0.73	0.92	0.04	0.87	0.81	0.9	0.9	0.89	0.21	-0.46	0.92	0.67	-0.74	0.91	-0.5	0.7	0.9

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Guangdong Tianhe Account Relationship Matchups

Guangdong Tianhe fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	5.1B	5.7B	6.6B	6.9B	4.9B
Other Current Liab	329.7M	560.2M	886.1M	1.5B	91.7M	87.2M
Total Current Liabilities	2.4B	3.5B	3.6B	4.5B	4.7B	3.4B
Total Stockholder Equity	656.7M	1.0B	1.1B	1.2B	1.2B	956.4M
Other Liab	32.9M	30.3M	35.6M	64.0M	73.6M	47.1M
Net Tangible Assets	423.5M	786.5M	856.7M	938.0M	1.1B	692.8M
Retained Earnings	337.9M	361.5M	422.3M	493.6M	459.2M	401.1M
Accounts Payable	757.6M	1.9B	2.2B	2.4B	2.8B	1.6B
Cash	559.2M	1.1B	1.2B	958.0M	724.6M	798.6M
Non Current Assets Total	506.5M	869.7M	1.2B	1.4B	1.5B	903.6M
Non Currrent Assets Other	1.2M	96.0M	52.6M	140.0M	29.9M	28.4M
Other Assets	33.8M	126.8M	104.2M	217.0M	249.5M	262.0M
Net Receivables	76.4M	42.9M	63.2M	163.6M	375.4M	394.2M
Non Current Liabilities Total	87.0M	340.3M	751.3M	687.7M	684.8M	382.2M
Inventory	1.5B	1.6B	2.0B	2.2B	2.5B	1.9B
Other Current Assets	627.5M	1.4B	1.3B	1.9B	109.8M	104.3M
Other Stockholder Equity	2.1M	(2.1M)	(1.5M)	804.1K	723.7K	759.9K
Total Liab	2.5B	3.9B	4.4B	5.2B	5.4B	3.7B
Deferred Long Term Liab	9.2M	8.2M	10.5M	19.6M	22.5M	11.3M
Short Long Term Debt	1.2B	801.6M	383.7M	410.2M	533.0M	606.4M
Total Current Assets	2.8B	4.2B	4.6B	5.2B	5.4B	4.0B
Intangible Assets	212.1M	210.3M	201.3M	192.8M	185.6M	182.5M
Property Plant Equipment	171.6M	418.3M	725.1M	867.4M	997.6M	1.0B
Net Invested Capital	1.9B	1.8B	1.5B	1.6B	1.8B	1.9B
Net Working Capital	413.9M	698.0M	943.9M	728.9M	695.2M	685.2M

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Other Information on Investing in Guangdong Stock

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

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Guangdong Net Income vs Reconciled Depreciation Analysis

Net Income vs Reconciled Depreciation

Net Income vs Reconciled Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Reconciled Depreciation

Guangdong Tianhe fundamental ratios Correlations

Guangdong Tianhe Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangdong Tianhe fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity

Other Stockholder Equity	- 0.82	Cash
Short Long Term Debt	- 0.81	Non Current Liabilities Total
Common Stock	- 0.79	Short Long Term Debt
Property Plant Equipment	- 0.74	Short Long Term Debt
Short Long Term Debt	- 0.74	Non Current Assets Total
Short Long Term Debt	- 0.73	Good Will