Shenzhen Change To Liabilities vs Depreciation Analysis

300301 Stock

1.75 0.04 2.23%

Shenzhen Changfang financial indicator trend analysis is much more than just breaking down Shenzhen Changfang Light prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Changfang Light is a good investment. Please check the relationship between Shenzhen Changfang Change To Liabilities and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Changfang Light. 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.

Change To Liabilities vs Depreciation

Change To Liabilities vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Changfang Light Change To Liabilities account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Shenzhen Changfang's Change To Liabilities and Depreciation is -0.09. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Depreciation in the same time period over historical financial statements of Shenzhen Changfang Light, assuming nothing else is changed. The correlation between historical values of Shenzhen Changfang's Change To Liabilities and 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 Change To Liabilities of Shenzhen Changfang Light are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Liabilities i.e., Shenzhen Changfang's Change To Liabilities and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Liabilities

Depreciation

Depreciation indicates how much of Shenzhen Changfang Light value has been used up. For tax purposes Shenzhen Changfang can deduct the cost of the tangible assets it purchases as business expenses. However, Shenzhen Changfang Light must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Shenzhen Changfang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Changfang Light 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 Changfang Light. 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 84.8 M, whereas Tax Provision is forecasted to decline to about 3.1 M.

	2022	2023	2024	2025 (projected)
Gross Profit	75.2M	78.2M	70.4M	66.8M
Research Development	69.0M	57.8M	66.5M	88.7M

Gross Profit Research Development

Shenzhen Changfang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Treasury Stock	Net Tangible Assets	Good Will	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.65	0.88	0.95	0.46	0.95	0.91	0.47	0.82	0.91	0.44	0.86	0.89	0.56	0.86	0.58	0.6	0.37	0.71	0.17	-0.22	0.76	0.74	0.32	0.42	0.62
Other Current Liab	0.65		0.71	0.55	0.31	0.62	0.49	0.59	0.82	0.52	0.21	0.72	0.54	0.37	0.41	0.67	0.43	0.27	0.2	0.06	-0.06	0.64	0.48	0.29	0.3	0.23
Total Current Liabilities	0.88	0.71		0.7	0.08	0.85	0.69	0.67	0.84	0.73	0.26	0.99	0.86	0.76	0.8	0.64	0.83	0.59	0.41	-0.19	0.19	0.8	0.4	0.58	0.06	0.39
Total Stockholder Equity	0.95	0.55	0.7		0.64	0.89	0.95	0.29	0.71	0.92	0.53	0.68	0.8	0.37	0.79	0.44	0.39	0.2	0.83	0.38	-0.45	0.65	0.85	0.13	0.59	0.69
Retained Earnings	0.46	0.31	0.08	0.64		0.53	0.56	-0.17	0.24	0.59	0.52	0.1	0.27	-0.44	0.33	0.37	-0.39	-0.57	0.57	0.84	-0.92	0.03	0.86	-0.62	0.98	0.57
Accounts Payable	0.95	0.62	0.85	0.89	0.53		0.85	0.41	0.76	0.93	0.47	0.85	0.82	0.43	0.87	0.7	0.47	0.18	0.59	0.22	-0.3	0.63	0.72	0.15	0.51	0.6
Cash	0.91	0.49	0.69	0.95	0.56	0.85		0.33	0.76	0.83	0.45	0.67	0.76	0.4	0.69	0.45	0.41	0.26	0.78	0.26	-0.35	0.72	0.84	0.2	0.53	0.71
Other Assets	0.47	0.59	0.67	0.29	-0.17	0.41	0.33		0.72	0.16	-0.13	0.67	0.31	0.58	0.16	0.43	0.64	0.64	0.09	-0.51	0.46	0.73	0.14	0.66	-0.13	0.27
Net Receivables	0.82	0.82	0.84	0.71	0.24	0.76	0.76	0.72		0.6	0.16	0.85	0.65	0.57	0.51	0.69	0.62	0.52	0.37	-0.17	0.08	0.9	0.61	0.51	0.22	0.42
Inventory	0.91	0.52	0.73	0.92	0.59	0.93	0.83	0.16	0.6		0.51	0.71	0.81	0.38	0.91	0.47	0.39	0.06	0.65	0.39	-0.43	0.46	0.7	0.03	0.52	0.55
Other Current Assets	0.44	0.21	0.26	0.53	0.52	0.47	0.45	-0.13	0.16	0.51		0.23	0.42	-0.08	0.5	0.14	-0.13	-0.1	0.61	0.61	-0.55	0.18	0.54	-0.16	0.55	0.53
Total Liab	0.86	0.72	0.99	0.68	0.1	0.85	0.67	0.67	0.85	0.71	0.23		0.84	0.71	0.79	0.71	0.8	0.55	0.37	-0.19	0.18	0.78	0.4	0.54	0.09	0.35
Intangible Assets	0.89	0.54	0.86	0.8	0.27	0.82	0.76	0.31	0.65	0.81	0.42	0.84		0.6	0.89	0.51	0.7	0.45	0.68	0.13	-0.09	0.69	0.54	0.39	0.23	0.51
Common Stock	0.56	0.37	0.76	0.37	-0.44	0.43	0.4	0.58	0.57	0.38	-0.08	0.71	0.6		0.5	0.17	0.95	0.85	0.14	-0.61	0.59	0.68	-0.06	0.88	-0.47	0.07
Property Plant Equipment	0.86	0.41	0.8	0.79	0.33	0.87	0.69	0.16	0.51	0.91	0.5	0.79	0.89	0.5		0.46	0.55	0.23	0.6	0.23	-0.19	0.45	0.47	0.18	0.27	0.41
Long Term Debt	0.58	0.67	0.64	0.44	0.37	0.7	0.45	0.43	0.69	0.47	0.14	0.71	0.51	0.17	0.46		0.31	0.04	0.1	-0.02	-0.12	0.49	0.51	0.06	0.41	0.2
Other Liab	0.6	0.43	0.83	0.39	-0.39	0.47	0.41	0.64	0.62	0.39	-0.13	0.8	0.7	0.95	0.55	0.31		0.84	0.19	-0.57	0.59	0.72	-0.01	0.84	-0.42	0.09
Treasury Stock	0.37	0.27	0.59	0.2	-0.57	0.18	0.26	0.64	0.52	0.06	-0.1	0.55	0.45	0.85	0.23	0.04	0.84		0.18	-0.67	0.71	0.77	-0.1	0.98	-0.57	0.06
Net Tangible Assets	0.71	0.2	0.41	0.83	0.57	0.59	0.78	0.09	0.37	0.65	0.61	0.37	0.68	0.14	0.6	0.1	0.19	0.18		0.53	-0.51	0.5	0.76	0.06	0.55	0.75
Good Will	0.17	0.06	-0.19	0.38	0.84	0.22	0.26	-0.51	-0.17	0.39	0.61	-0.19	0.13	-0.61	0.23	-0.02	-0.57	-0.67	0.53		-0.93	-0.28	0.57	-0.74	0.81	0.4
Deferred Long Term Liab	-0.22	-0.06	0.19	-0.45	-0.92	-0.3	-0.35	0.46	0.08	-0.43	-0.55	0.18	-0.09	0.59	-0.19	-0.12	0.59	0.71	-0.51	-0.93		0.23	-0.69	0.76	-0.92	-0.45
Short Long Term Debt	0.76	0.64	0.8	0.65	0.03	0.63	0.72	0.73	0.9	0.46	0.18	0.78	0.69	0.68	0.45	0.49	0.72	0.77	0.5	-0.28	0.23		0.51	0.73	0.04	0.48
Total Current Assets	0.74	0.48	0.4	0.85	0.86	0.72	0.84	0.14	0.61	0.7	0.54	0.4	0.54	-0.06	0.47	0.51	-0.01	-0.1	0.76	0.57	-0.69	0.51		-0.17	0.85	0.71
Short Term Debt	0.32	0.29	0.58	0.13	-0.62	0.15	0.2	0.66	0.51	0.03	-0.16	0.54	0.39	0.88	0.18	0.06	0.84	0.98	0.06	-0.74	0.76	0.73	-0.17		-0.61	0.01
Non Current Assets Total	0.42	0.3	0.06	0.59	0.98	0.51	0.53	-0.13	0.22	0.52	0.55	0.09	0.23	-0.47	0.27	0.41	-0.42	-0.57	0.55	0.81	-0.92	0.04	0.85	-0.61		0.59
Non Currrent Assets Other	0.62	0.23	0.39	0.69	0.57	0.6	0.71	0.27	0.42	0.55	0.53	0.35	0.51	0.07	0.41	0.2	0.09	0.06	0.75	0.4	-0.45	0.48	0.71	0.01	0.59

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Shenzhen Changfang Account Relationship Matchups

Shenzhen Changfang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.7B	1.7B	995.3M	819.4M	942.3M	895.2M
Other Current Liab	144.1M	81.8M	6.9M	10.1M	11.6M	11.1M
Total Current Liabilities	1.3B	811.5M	724.0M	725.1M	833.9M	948.4M
Total Stockholder Equity	1.2B	786.3M	192.0M	51.6M	59.3M	56.3M
Retained Earnings	(389.8M)	(759.8M)	(1.4B)	(1.5B)	(1.4B)	(1.3B)
Accounts Payable	524.4M	293.2M	214.3M	179.5M	206.5M	196.1M
Cash	240.4M	211.3M	77.5M	30.8M	35.4M	33.6M
Other Assets	435.3M	474.6M	784.6M	184.7M	212.4M	208.5M
Net Receivables	606.0M	529.7M	162.1M	117.7M	135.3M	128.6M
Inventory	201.3M	193.5M	101.5M	82.5M	94.9M	90.2M
Other Current Assets	8.4M	7.1M	5.4M	27.3M	24.6M	20.7M
Total Liab	1.6B	912.1M	802.6M	767.2M	882.3M	1.1B
Intangible Assets	45.3M	39.2M	33.1M	31.6M	36.3M	59.0M
Property Plant Equipment	1.1B	1.1B	648.7M	533.7M	613.8M	866.6M
Long Term Debt	171.4M	59M	32M	5M	5.8M	5.5M
Other Liab	46.3M	54.5M	53.5M	41.7M	47.9M	42.2M
Net Tangible Assets	1.1B	940.8M	962.2M	747.1M	672.4M	910.7M
Deferred Long Term Liab	18.9M	48.6M	51.6M	60.6M	69.7M	73.2M
Short Long Term Debt	472.2M	389.0M	254.4M	160.7M	144.6M	137.4M
Total Current Assets	1.1B	941.6M	377.4M	276.5M	248.9M	236.4M
Non Current Assets Total	1.6B	757.6M	617.9M	542.9M	488.6M	464.1M
Non Currrent Assets Other	39.4M	21.5M	275.6K	1.1M	972K	923.4K
Non Current Liabilities Total	247.9M	100.7M	78.6M	42.1M	37.9M	36.0M
Non Current Liabilities Other	7.4M	9.3M	3.9M	2.9M	2.6M	2.5M
Net Debt	403.2M	236.7M	208.9M	134.9M	121.4M	231.7M
Net Invested Capital	1.8B	1.2B	478.4M	217.2M	195.5M	185.7M
Net Working Capital	(222.4M)	130.1M	(346.6M)	(448.6M)	(403.7M)	(383.6M)
Property Plant And Equipment Net	648.8M	533.7M	415.3M	351.5M	316.3M	486.4M
Property Plant And Equipment Gross	1.1B	1.1B	917.5M	901.3M	811.2M	926.6M

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Other Information on Investing in Shenzhen Stock

Balance Sheet is a snapshot of the financial position of Shenzhen Changfang Light at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Changfang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Changfang 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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Shenzhen Change To Liabilities vs Depreciation Analysis

Change To Liabilities vs Depreciation

Change To Liabilities vs Depreciation Correlation Analysis

Correlation Coefficient

Change To Liabilities

Depreciation

Shenzhen Changfang fundamental ratios Correlations

Shenzhen Changfang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Changfang fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

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Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.98	Retained Earnings
Short Term Debt	+ 0.98	Treasury Stock
Total Stockholder Equity	+ 0.95	Total Assets
Accounts Payable	+ 0.95	Total Assets
Cash	+ 0.95	Total Stockholder Equity

Deferred Long Term Liab	- 0.93	Good Will
Non Current Assets Total	- 0.92	Deferred Long Term Liab
Deferred Long Term Liab	- 0.92	Retained Earnings
Short Term Debt	- 0.74	Good Will
Total Current Assets	- 0.69	Deferred Long Term Liab
Good Will	- 0.67	Treasury Stock