Qtone Change To Liabilities vs Change In Working Capital Analysis

300359 Stock   6.86  0.20  2.83%   
Qtone Education financial indicator trend analysis is much more than just breaking down Qtone Education Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qtone Education Group is a good investment. Please check the relationship between Qtone Education Change To Liabilities and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qtone Education Group. 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.

Change To Liabilities vs Change In Working Capital

Change To Liabilities vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qtone Education Group Change To Liabilities account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Qtone Education's Change To Liabilities and Change In Working Capital is -0.42. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Qtone Education Group, assuming nothing else is changed. The correlation between historical values of Qtone Education's Change To Liabilities and Change In Working Capital 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 Qtone Education Group are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change To Liabilities i.e., Qtone Education's Change To Liabilities and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.42
Relationship DirectionNegative 
Relationship StrengthVery Weak

Change To Liabilities

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Qtone Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qtone Education Group 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 Qtone Education Group. 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 58.6 M. The current year's Tax Provision is expected to grow to about 13.4 M
 2021 2022 2023 2024 (projected)
Gross Profit220.1M155.0M173.8M183.6M
Research Development34.0M31.5M36.2M29.1M

Qtone Education fundamental ratios Correlations

0.640.820.970.080.640.710.620.880.940.680.820.690.50.690.4-0.19-0.03-0.33-0.250.590.09-0.03-0.40.590.56
0.640.730.56-0.170.480.810.350.450.550.530.70.480.390.710.51-0.29-0.2-0.03-0.240.330.15-0.16-0.260.170.37
0.820.730.65-0.410.880.760.630.870.770.61.00.870.570.780.84-0.64-0.46-0.05-0.530.81-0.16-0.43-0.690.610.6
0.970.560.650.280.460.620.570.780.890.640.650.530.40.580.180.020.16-0.42-0.090.420.160.14-0.220.490.46
0.08-0.17-0.410.28-0.6-0.44-0.09-0.120.010.05-0.38-0.57-0.350.02-0.740.740.99-0.530.52-0.630.640.970.71-0.170.13
0.640.480.880.46-0.60.660.50.840.670.560.890.970.630.530.82-0.61-0.650.06-0.540.97-0.17-0.64-0.870.670.51
0.710.810.760.62-0.440.660.480.550.650.470.720.730.580.450.58-0.38-0.530.11-0.330.62-0.21-0.53-0.510.290.13
0.620.350.630.57-0.090.50.480.60.40.40.60.580.210.550.44-0.2-0.17-0.34-0.020.54-0.25-0.15-0.150.140.17
0.880.450.870.78-0.120.840.550.60.880.680.890.830.560.690.61-0.38-0.2-0.26-0.480.810.06-0.2-0.650.780.73
0.940.550.770.890.010.670.650.40.880.590.790.690.530.630.4-0.27-0.07-0.16-0.330.610.11-0.09-0.560.730.66
0.680.530.60.640.050.560.470.40.680.590.60.550.310.520.30.09-0.03-0.66-0.280.470.37-0.03-0.280.330.44
0.820.71.00.65-0.380.890.720.60.890.790.60.860.570.80.83-0.64-0.43-0.06-0.560.81-0.12-0.4-0.710.670.67
0.690.480.870.53-0.570.970.730.580.830.690.550.860.640.510.78-0.53-0.640.05-0.480.98-0.21-0.64-0.80.590.4
0.50.390.570.4-0.350.630.580.210.560.530.310.570.640.120.49-0.34-0.420.1-0.350.62-0.12-0.42-0.580.440.29
0.690.710.780.580.020.530.450.550.690.630.520.80.510.120.59-0.380.02-0.2-0.350.420.210.07-0.290.410.74
0.40.510.840.18-0.740.820.580.440.610.40.30.830.780.490.59-0.87-0.740.26-0.750.8-0.37-0.69-0.760.490.44
-0.19-0.29-0.640.020.74-0.61-0.38-0.2-0.38-0.270.09-0.64-0.53-0.34-0.38-0.870.71-0.520.69-0.590.560.670.74-0.52-0.38
-0.03-0.2-0.460.160.99-0.65-0.53-0.17-0.2-0.07-0.03-0.43-0.64-0.420.02-0.740.71-0.470.53-0.690.661.00.74-0.210.14
-0.33-0.03-0.05-0.42-0.530.060.11-0.34-0.26-0.16-0.66-0.060.050.1-0.20.26-0.52-0.47-0.230.08-0.31-0.47-0.320.13-0.12
-0.25-0.24-0.53-0.090.52-0.54-0.33-0.02-0.48-0.33-0.28-0.56-0.48-0.35-0.35-0.750.690.53-0.23-0.530.160.510.68-0.62-0.46
0.590.330.810.42-0.630.970.620.540.810.610.470.810.980.620.420.8-0.59-0.690.08-0.53-0.3-0.7-0.850.640.38
0.090.15-0.160.160.64-0.17-0.21-0.250.060.110.37-0.12-0.21-0.120.21-0.370.560.66-0.310.16-0.30.660.310.050.42
-0.03-0.16-0.430.140.97-0.64-0.53-0.15-0.2-0.09-0.03-0.4-0.64-0.420.07-0.690.671.0-0.470.51-0.70.660.75-0.230.17
-0.4-0.26-0.69-0.220.71-0.87-0.51-0.15-0.65-0.56-0.28-0.71-0.8-0.58-0.29-0.760.740.74-0.320.68-0.850.310.75-0.76-0.46
0.590.170.610.49-0.170.670.290.140.780.730.330.670.590.440.410.49-0.52-0.210.13-0.620.640.05-0.23-0.760.75
0.560.370.60.460.130.510.130.170.730.660.440.670.40.290.740.44-0.380.14-0.12-0.460.380.420.17-0.460.75
Click cells to compare fundamentals

Qtone Education Account Relationship Matchups

Qtone Education fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.3B1.3B1.2B1.1B1.4B
Other Current Liab149.8M202.3M181.6M158.7M634.3K602.6K
Total Current Liabilities568.1M520.4M466.4M336.1M226.4M318.8M
Total Stockholder Equity624.0M675.7M667.2M703.5M701.1M920.1M
Retained Earnings(1.0B)(954.0M)(945.6M)(910.1M)(927.6M)(881.2M)
Accounts Payable90.1M80.2M85.5M92.2M76.7M55.8M
Cash404.9M526.6M507.7M524.9M443.8M374.9M
Other Assets58.5M69.6M46.1M21.3M24.4M40.9M
Net Receivables304.0M248.3M266.2M230.3M252.4M246.4M
Inventory15.5M7.7M11.7M11.1M15.8M12.9M
Other Current Assets15.7M14.6M5.8M49.9M4.3M4.1M
Total Liab640.5M555.4M515.7M360.2M240.6M355.1M
Common Stock634.2M634.1M633.7M633.3M728.3M424.5M
Property Plant Equipment37.2M35.2M57.5M44.3M51.0M36.6M
Intangible Assets131.1M117.9M110.7M43.7M30.5M29.0M
Other Liab33.0M35.0M30.1M14.4M16.5M19.3M
Net Tangible Assets369.3M434.3M458.8M624.0M561.6M428.5M
Short Term Investments51.1M66.5M61.2M39.3M69.2M52.0M
Deferred Long Term Liab7.6M6.3M7.2M7.9M7.1M5.9M
Total Current Assets826.2M887.6M856.6M953.1M868.9M731.0M
Non Current Assets Total524.7M454.5M422.8M213.7M184.0M174.8M
Non Currrent Assets Other430.6K45.5M442.8K1.7M1.6M1.5M
Non Current Liabilities Total72.4M35.0M49.3M24.0M14.1M13.4M
Short Long Term Debt229.5M198.1M145.2M40.0M50.0K47.5K
Non Current Liabilities Other751.5K4.1M290.1K6.2M1.3M1.9M
Common Stock Shares Outstanding634.2M634.1M633.7M633.3M570.0M506.9M
Net Invested Capital892.9M873.9M812.4M743.5M701.1M916.5M
Net Working Capital258.1M367.2M390.2M617.0M642.4M501.3M
Capital Stock634.2M634.1M633.7M633.3M570.0M506.9M

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Other Information on Investing in Qtone Stock

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