Guangdong Reconciled Depreciation vs Gross Profit Analysis

300562 Stock

12.71 0.13 1.01%

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

Reconciled Depreciation vs Gross Profit

Reconciled Depreciation vs Gross Profit Correlation Analysis

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

The correlation between Guangdong Transtek's Reconciled Depreciation and Gross Profit is 0.66. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Guangdong Transtek Medical, assuming nothing else is changed. The correlation between historical values of Guangdong Transtek's Reconciled Depreciation and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Guangdong Transtek Medical are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Reconciled Depreciation i.e., Guangdong Transtek's Reconciled Depreciation and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Reconciled Depreciation

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Guangdong Transtek Medical minus its cost of goods sold. It is profit before Guangdong Transtek operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Guangdong Transtek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Transtek 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 Transtek Medical. 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 3.1 M, whereas Selling General Administrative is forecasted to decline to about 16.7 M.

	2022	2023	2024	2025 (projected)
Gross Profit	252.4M	273.6M	314.6M	222.1M
Total Revenue	1.1B	884.3M	1.0B	882.1M

Gross Profit Total Revenue

Guangdong Transtek fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Tangible Assets
Total Assets		-0.54	0.95	0.9	0.99	-0.89	0.93	0.83	0.82	0.92	0.66	-0.08	0.85	0.92	0.6	0.79	0.8	0.12	0.81	0.96	1.0	0.95	0.93	0.91	0.94	0.97
Other Current Liab	-0.54		-0.6	-0.53	-0.5	0.5	-0.32	-0.54	-0.55	-0.61	-0.29	0.6	-0.57	-0.5	-0.4	-0.68	-0.43	0.35	-0.5	-0.61	-0.52	-0.48	-0.44	-0.59	-0.49	-0.55
Total Current Liabilities	0.95	-0.6		0.81	0.96	-0.78	0.91	0.96	0.7	0.87	0.64	-0.09	0.73	0.97	0.69	0.67	0.92	0.21	0.67	1.0	0.95	0.9	0.89	0.85	0.86	0.86
Total Stockholder Equity	0.9	-0.53	0.81		0.89	-0.96	0.83	0.67	0.97	0.98	0.59	-0.12	0.98	0.78	0.43	0.92	0.65	0.02	0.96	0.82	0.9	0.86	0.84	0.99	0.91	0.91
Property Plant And Equipment Net	0.99	-0.5	0.96	0.89		-0.87	0.93	0.86	0.79	0.92	0.68	-0.03	0.82	0.94	0.62	0.76	0.84	0.19	0.79	0.97	0.99	0.94	0.93	0.9	0.94	0.95
Net Debt	-0.89	0.5	-0.78	-0.96	-0.87		-0.83	-0.62	-0.96	-0.92	-0.49	0.2	-0.97	-0.73	-0.38	-0.89	-0.61	0.1	-0.94	-0.79	-0.89	-0.86	-0.79	-0.94	-0.84	-0.92
Retained Earnings	0.93	-0.32	0.91	0.83	0.93	-0.83		0.84	0.74	0.85	0.61	0.14	0.76	0.88	0.56	0.61	0.81	0.28	0.69	0.91	0.93	0.88	0.91	0.84	0.88	0.84
Accounts Payable	0.83	-0.54	0.96	0.67	0.86	-0.62	0.84		0.53	0.76	0.63	-0.04	0.57	0.96	0.75	0.49	0.97	0.28	0.49	0.94	0.84	0.78	0.79	0.72	0.72	0.69
Cash	0.82	-0.55	0.7	0.97	0.79	-0.96	0.74	0.53		0.93	0.42	-0.23	0.99	0.64	0.26	0.94	0.5	-0.12	0.96	0.72	0.81	0.8	0.74	0.95	0.83	0.87
Non Current Assets Total	0.92	-0.61	0.87	0.98	0.92	-0.92	0.85	0.76	0.93		0.63	-0.12	0.95	0.84	0.5	0.9	0.72	0.08	0.91	0.88	0.92	0.89	0.88	1.0	0.93	0.91
Non Currrent Assets Other	0.66	-0.29	0.64	0.59	0.68	-0.49	0.61	0.63	0.42	0.63		0.36	0.51	0.73	0.89	0.39	0.54	0.06	0.49	0.64	0.65	0.6	0.75	0.57	0.69	0.61
Other Assets	-0.08	0.6	-0.09	-0.12	-0.03	0.2	0.14	-0.04	-0.23	-0.12	0.36		-0.22	-0.01	0.14	-0.43	-0.05	0.59	-0.25	-0.11	-0.09	-0.11	0.23	-0.15	0.1	-0.14
Cash And Short Term Investments	0.85	-0.57	0.73	0.98	0.82	-0.97	0.76	0.57	0.99	0.95	0.51	-0.22		0.69	0.36	0.95	0.54	-0.14	0.97	0.76	0.85	0.82	0.77	0.97	0.85	0.89
Net Receivables	0.92	-0.5	0.97	0.78	0.94	-0.73	0.88	0.96	0.64	0.84	0.73	-0.01	0.69		0.74	0.61	0.93	0.24	0.65	0.96	0.93	0.86	0.86	0.81	0.83	0.82
Short Term Investments	0.6	-0.4	0.69	0.43	0.62	-0.38	0.56	0.75	0.26	0.5	0.89	0.14	0.36	0.74		0.26	0.66	-0.05	0.3	0.67	0.6	0.57	0.61	0.44	0.51	0.49
Non Current Liabilities Total	0.79	-0.68	0.67	0.92	0.76	-0.89	0.61	0.49	0.94	0.9	0.39	-0.43	0.95	0.61	0.26		0.47	-0.19	0.95	0.7	0.78	0.78	0.66	0.92	0.78	0.85
Inventory	0.8	-0.43	0.92	0.65	0.84	-0.61	0.81	0.97	0.5	0.72	0.54	-0.05	0.54	0.93	0.66	0.47		0.37	0.49	0.91	0.82	0.76	0.72	0.69	0.66	0.66
Other Current Assets	0.12	0.35	0.21	0.02	0.19	0.1	0.28	0.28	-0.12	0.08	0.06	0.59	-0.14	0.24	-0.05	-0.19	0.37		-0.14	0.18	0.11	0.08	0.29	0.06	0.21	0.0
Other Stockholder Equity	0.81	-0.5	0.67	0.96	0.79	-0.94	0.69	0.49	0.96	0.91	0.49	-0.25	0.97	0.65	0.3	0.95	0.49	-0.14		0.69	0.81	0.79	0.7	0.94	0.81	0.89
Total Liab	0.96	-0.61	1.0	0.82	0.97	-0.79	0.91	0.94	0.72	0.88	0.64	-0.11	0.76	0.96	0.67	0.7	0.91	0.18	0.69		0.96	0.92	0.9	0.86	0.88	0.88
Total Current Assets	1.0	-0.52	0.95	0.9	0.99	-0.89	0.93	0.84	0.81	0.92	0.65	-0.09	0.85	0.93	0.6	0.78	0.82	0.11	0.81	0.96		0.95	0.92	0.91	0.93	0.96
Intangible Assets	0.95	-0.48	0.9	0.86	0.94	-0.86	0.88	0.78	0.8	0.89	0.6	-0.11	0.82	0.86	0.57	0.78	0.76	0.08	0.79	0.92	0.95		0.87	0.88	0.88	0.91
Common Stock	0.93	-0.44	0.89	0.84	0.93	-0.79	0.91	0.79	0.74	0.88	0.75	0.23	0.77	0.86	0.61	0.66	0.72	0.29	0.7	0.9	0.92	0.87		0.85	0.97	0.88
Property Plant Equipment	0.91	-0.59	0.85	0.99	0.9	-0.94	0.84	0.72	0.95	1.0	0.57	-0.15	0.97	0.81	0.44	0.92	0.69	0.06	0.94	0.86	0.91	0.88	0.85		0.92	0.91
Common Stock Shares Outstanding	0.94	-0.49	0.86	0.91	0.94	-0.84	0.88	0.72	0.83	0.93	0.69	0.1	0.85	0.83	0.51	0.78	0.66	0.21	0.81	0.88	0.93	0.88	0.97	0.92		0.94
Net Tangible Assets	0.97	-0.55	0.86	0.91	0.95	-0.92	0.84	0.69	0.87	0.91	0.61	-0.14	0.89	0.82	0.49	0.85	0.66	0.0	0.89	0.88	0.96	0.91	0.88	0.91	0.94

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Guangdong Transtek Account Relationship Matchups

Guangdong Transtek fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.4B	1.8B	1.5B	1.6B	1.8B	904.3M
Other Current Liab	817.9K	1.6M	1.1M	620.7K	558.7K	530.7K
Total Current Liabilities	713.8M	711.3M	501.3M	489.5M	562.9M	338.7M
Total Stockholder Equity	653.6M	1.1B	1.0B	1.0B	1.2B	1.3B
Property Plant And Equipment Net	246.8M	318.8M	267.1M	247.5M	284.6M	155.3M
Net Debt	(286.2M)	(398.5M)	(451.1M)	(531.5M)	(478.3M)	(454.4M)
Retained Earnings	273.5M	237.8M	203.5M	234.3M	269.5M	165.9M
Accounts Payable	577.2M	546.3M	258.6M	257.2M	295.8M	235.6M
Cash	327.1M	436.0M	595.3M	666.5M	766.4M	804.8M
Non Current Assets Total	455.3M	603.6M	562.1M	557.1M	640.7M	672.7M
Non Currrent Assets Other	8.2M	111.0M	68.8M	34.2M	39.4M	38.5M
Cash And Short Term Investments	327.1M	536.5M	654.9M	677.7M	779.3M	818.3M
Net Receivables	316.7M	426.4M	215.1M	226.1M	260.0M	183.3M
Short Term Investments	39.1M	100.5M	59.5M	11.2M	12.9M	12.2M
Liabilities And Stockholders Equity	1.4B	1.8B	1.5B	1.6B	1.8B	904.3M
Non Current Liabilities Total	14.3M	35.7M	47.1M	42.8M	49.3M	51.7M
Inventory	226.0M	208.8M	111.2M	86.6M	99.6M	95.4M
Other Current Assets	57.9M	19.2M	4.0M	9.0M	10.4M	9.9M
Other Stockholder Equity	131.7M	498.4M	501.4M	499.2M	574.0M	602.7M
Total Liab	728.0M	747.1M	548.5M	532.3M	612.2M	351.3M
Total Current Assets	927.7M	1.2B	985.1M	999.4M	1.1B	603.8M
Intangible Assets	64.1M	74.9M	78.7M	66.4M	76.4M	48.8M
Common Stock	190.2M	214.5M	214.7M	216.9M	249.4M	140.1M
Property Plant Equipment	149.7M	163.9M	246.8M	318.8M	366.6M	384.9M
Common Stock Shares Outstanding	188.8M	189.6M	214.3M	214.7M	246.9M	192.3M
Net Tangible Assets	465.0M	504.4M	583.7M	963.9M	1.1B	570.8M
Deferred Long Term Liab	10.7M	13.6M	28.2M	15.5M	17.8M	15.2M
Short Long Term Debt Total	40.9M	37.5M	144.2M	135.0M	155.2M	163.0M
Other Liab	778.3K	3.0M	14.3M	22.9M	26.3M	27.7M
Current Deferred Revenue	94.9M	138.8M	102.8M	103.5M	119.1M	86.9M
Good Will	18.6M	25.8M	21.0M	17.6M	15.8M	16.2M
Net Invested Capital	694.4M	1.1B	1.1B	1.2B	1.3B	906.9M
Short Long Term Debt	40.9M	16.6M	133.1M	123.8M	142.3M	149.5M
Net Working Capital	214.0M	479.6M	483.8M	509.9M	586.4M	377.2M
Short Term Debt	40.9M	24.6M	138.8M	128.2M	147.4M	154.8M
Capital Stock	190.2M	214.5M	214.7M	216.9M	249.4M	222.7M
Property Plant And Equipment Gross	301.1M	381.6M	356.3M	247.5M	284.6M	328.6M
Accumulated Other Comprehensive Income	58.1M	104.2M	92.5M	90.2M	103.8M	84.4M

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Other Information on Investing in Guangdong Stock

Balance Sheet is a snapshot of the financial position of Guangdong Transtek at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Transtek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Transtek 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 Reconciled Depreciation vs Gross Profit Analysis

Reconciled Depreciation vs Gross Profit

Reconciled Depreciation vs Gross Profit Correlation Analysis

Correlation Coefficient

Reconciled Depreciation

Gross Profit

Guangdong Transtek fundamental ratios Correlations

Guangdong Transtek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangdong Transtek fundamental ratios Accounts

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Other Information on Investing in Guangdong Stock

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Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Property Plant And Equipment Net

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.96	Net Debt
Net Debt	- 0.96	Total Stockholder Equity
Property Plant Equipment	- 0.94	Net Debt
Other Stockholder Equity	- 0.94	Net Debt
Net Tangible Assets	- 0.92	Net Debt