XiaMen Net Income vs Reconciled Depreciation Analysis

300657 Stock

20.72 1.40 6.33%

XiaMen HongXin financial indicator trend analysis is more than just analyzing XiaMen HongXin Electron current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XiaMen HongXin Electron is a good investment. Please check the relationship between XiaMen HongXin Net Income and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XiaMen HongXin Electron tech. 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 XiaMen HongXin Electron Net Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between XiaMen HongXin's Net Income and Reconciled Depreciation is -0.86. 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 XiaMen HongXin Electron tech, assuming nothing else is changed. The correlation between historical values of XiaMen HongXin'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 XiaMen HongXin Electron tech 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., XiaMen HongXin's Net Income and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
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 XiaMen HongXin Electron financial statement analysis. It represents the amount of money remaining after all of XiaMen HongXin Electron tech operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Reconciled Depreciation

Most indicators from XiaMen HongXin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XiaMen HongXin Electron 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 XiaMen HongXin Electron tech. 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 29.3 M, whereas Selling General Administrative is forecasted to decline to about 64.8 M.

	2022	2023	2024	2025 (projected)
Gross Profit	133.9M	83.0M	74.7M	70.9M
Total Revenue	2.8B	3.5B	4.0B	2.7B

Gross Profit Total Revenue

XiaMen HongXin 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	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.74	0.96	0.92	0.94	0.95	-0.58	0.97	0.96	0.97	-0.39	0.94	0.63	0.96	0.8	0.8	0.7	0.99	0.87	0.84	0.98	0.87	0.9	0.97	0.93	0.98
Other Current Liab	0.74		0.8	0.56	0.72	0.64	-0.55	0.74	0.67	0.7	-0.15	0.72	0.31	0.71	0.46	0.72	0.69	0.78	0.64	0.71	0.74	0.6	0.78	0.73	0.68	0.71
Total Current Liabilities	0.96	0.8		0.78	0.92	0.86	-0.68	0.99	0.89	0.91	-0.4	0.9	0.45	0.95	0.64	0.86	0.77	0.99	0.84	0.87	0.96	0.83	0.87	0.95	0.88	0.93
Total Stockholder Equity	0.92	0.56	0.78		0.83	0.98	-0.32	0.83	0.93	0.91	-0.26	0.86	0.77	0.87	0.88	0.62	0.52	0.84	0.78	0.67	0.89	0.84	0.83	0.86	0.87	0.91
Other Liab	0.94	0.72	0.92	0.83		0.83	-0.59	0.92	0.88	0.96	-0.63	0.95	0.58	0.89	0.77	0.74	0.57	0.94	0.89	0.8	0.88	0.87	0.89	0.96	0.89	0.96
Net Tangible Assets	0.95	0.64	0.86	0.98	0.83		-0.36	0.9	0.95	0.91	-0.19	0.87	0.69	0.93	0.82	0.69	0.62	0.9	0.77	0.72	0.95	0.86	0.87	0.88	0.87	0.93
Retained Earnings	-0.58	-0.55	-0.68	-0.32	-0.59	-0.36		-0.6	-0.44	-0.59	0.59	-0.59	-0.03	-0.54	-0.23	-0.84	-0.72	-0.64	-0.77	-0.85	-0.54	-0.31	-0.43	-0.65	-0.71	-0.55
Accounts Payable	0.97	0.74	0.99	0.83	0.92	0.9	-0.6		0.93	0.92	-0.37	0.89	0.52	0.97	0.7	0.84	0.75	0.99	0.82	0.85	0.98	0.88	0.9	0.95	0.88	0.94
Cash	0.96	0.67	0.89	0.93	0.88	0.95	-0.44	0.93		0.91	-0.28	0.84	0.76	0.89	0.87	0.73	0.66	0.93	0.76	0.75	0.97	0.9	0.89	0.94	0.88	0.93
Non Current Assets Total	0.97	0.7	0.91	0.91	0.96	0.91	-0.59	0.92	0.91		-0.53	0.98	0.65	0.9	0.83	0.75	0.61	0.95	0.92	0.82	0.91	0.81	0.84	0.96	0.94	0.99
Non Currrent Assets Other	-0.39	-0.15	-0.4	-0.26	-0.63	-0.19	0.59	-0.37	-0.28	-0.53		-0.54	-0.14	-0.33	-0.31	-0.37	-0.09	-0.41	-0.65	-0.46	-0.26	-0.38	-0.34	-0.53	-0.48	-0.47
Other Assets	0.94	0.72	0.9	0.86	0.95	0.87	-0.59	0.89	0.84	0.98	-0.54		0.56	0.89	0.76	0.72	0.58	0.93	0.92	0.8	0.87	0.76	0.81	0.92	0.91	0.98
Long Term Debt	0.63	0.31	0.45	0.77	0.58	0.69	-0.03	0.52	0.76	0.65	-0.14	0.56		0.46	0.96	0.31	0.36	0.56	0.47	0.39	0.6	0.6	0.56	0.57	0.62	0.68
Net Receivables	0.96	0.71	0.95	0.87	0.89	0.93	-0.54	0.97	0.89	0.9	-0.33	0.89	0.46		0.65	0.81	0.69	0.95	0.83	0.82	0.96	0.88	0.91	0.92	0.87	0.91
Non Current Liabilities Total	0.8	0.46	0.64	0.88	0.77	0.82	-0.23	0.7	0.87	0.83	-0.31	0.76	0.96	0.65		0.49	0.47	0.74	0.68	0.57	0.75	0.72	0.7	0.76	0.79	0.85
Inventory	0.8	0.72	0.86	0.62	0.74	0.69	-0.84	0.84	0.73	0.75	-0.37	0.72	0.31	0.81	0.49		0.93	0.84	0.85	0.99	0.81	0.64	0.76	0.8	0.88	0.74
Other Current Assets	0.7	0.69	0.77	0.52	0.57	0.62	-0.72	0.75	0.66	0.61	-0.09	0.58	0.36	0.69	0.47	0.93		0.75	0.68	0.9	0.75	0.5	0.64	0.65	0.77	0.64
Total Liab	0.99	0.78	0.99	0.84	0.94	0.9	-0.64	0.99	0.93	0.95	-0.41	0.93	0.56	0.95	0.74	0.84	0.75		0.86	0.86	0.98	0.85	0.89	0.97	0.91	0.96
Deferred Long Term Liab	0.87	0.64	0.84	0.78	0.89	0.77	-0.77	0.82	0.76	0.92	-0.65	0.92	0.47	0.83	0.68	0.85	0.68	0.86		0.92	0.79	0.68	0.76	0.87	0.96	0.89
Short Long Term Debt	0.84	0.71	0.87	0.67	0.8	0.72	-0.85	0.85	0.75	0.82	-0.46	0.8	0.39	0.82	0.57	0.99	0.9	0.86	0.92		0.82	0.65	0.77	0.83	0.93	0.81
Total Current Assets	0.98	0.74	0.96	0.89	0.88	0.95	-0.54	0.98	0.97	0.91	-0.26	0.87	0.6	0.96	0.75	0.81	0.75	0.98	0.79	0.82		0.88	0.91	0.95	0.89	0.94
Non Current Liabilities Other	0.87	0.6	0.83	0.84	0.87	0.86	-0.31	0.88	0.9	0.81	-0.38	0.76	0.6	0.88	0.72	0.64	0.5	0.85	0.68	0.65	0.88		0.95	0.88	0.75	0.83
Short Term Debt	0.9	0.78	0.87	0.83	0.89	0.87	-0.43	0.9	0.89	0.84	-0.34	0.81	0.56	0.91	0.7	0.76	0.64	0.89	0.76	0.77	0.91	0.95		0.9	0.83	0.86
Intangible Assets	0.97	0.73	0.95	0.86	0.96	0.88	-0.65	0.95	0.94	0.96	-0.53	0.92	0.57	0.92	0.76	0.8	0.65	0.97	0.87	0.83	0.95	0.88	0.9		0.91	0.95
Common Stock	0.93	0.68	0.88	0.87	0.89	0.87	-0.71	0.88	0.88	0.94	-0.48	0.91	0.62	0.87	0.79	0.88	0.77	0.91	0.96	0.93	0.89	0.75	0.83	0.91		0.93
Property Plant Equipment	0.98	0.71	0.93	0.91	0.96	0.93	-0.55	0.94	0.93	0.99	-0.47	0.98	0.68	0.91	0.85	0.74	0.64	0.96	0.89	0.81	0.94	0.83	0.86	0.95	0.93

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XiaMen HongXin Account Relationship Matchups

XiaMen HongXin fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	4.6B	4.8B	5.0B	5.7B	6.5B	4.0B
Other Current Liab	149.4M	103.3M	112.3M	249.0M	286.4M	146.9M
Total Current Liabilities	2.2B	2.5B	2.2B	3.7B	4.3B	2.2B
Total Stockholder Equity	1.6B	1.6B	1.7B	1.3B	1.5B	1.3B
Other Liab	88.2M	130.2M	208.9M	208.1M	239.3M	142.5M
Net Tangible Assets	1.4B	1.5B	1.4B	1.3B	1.5B	1.1B
Retained Earnings	499.2M	215.2M	(110.7M)	(588.9M)	(530.0M)	(503.5M)
Accounts Payable	1.5B	1.6B	1.3B	2.2B	2.5B	1.3B
Cash	906.4M	568.9M	815.2M	793.0M	912.0M	589.3M
Non Current Assets Total	1.8B	2.4B	2.6B	2.4B	2.7B	1.7B
Non Currrent Assets Other	75.7M	25.1M	13.0M	33.6M	30.2M	36.0M
Other Assets	108.5M	143.9M	274.8M	242.4M	278.8M	158.6M
Long Term Debt	730.3M	408.9M	533.4M	214.4M	246.5M	337.3M
Net Receivables	1.0B	1.3B	1.0B	1.4B	1.6B	1.1B
Non Current Liabilities Total	836.1M	628.0M	756.9M	427.1M	491.2M	482.1M
Inventory	352.0M	377.7M	304.5M	852.5M	980.4M	1.0B
Other Current Assets	87.9M	49.8M	26.9M	102.0M	117.3M	123.2M
Total Liab	3.0B	3.1B	2.9B	4.1B	4.8B	2.6B
Deferred Long Term Liab	18.4M	22.4M	138.1M	128.7M	148.0M	155.4M
Short Long Term Debt	397.8M	532.4M	473.3M	797.2M	916.8M	962.6M
Total Current Assets	2.9B	2.4B	2.4B	3.3B	3.8B	2.3B
Intangible Assets	53.2M	56.8M	78.2M	79.7M	91.7M	55.3M
Common Stock	207.1M	341.7M	445.1M	488.4M	561.7M	589.8M
Property Plant Equipment	983.7M	1.6B	2.0B	1.9B	2.2B	1.3B
Net Invested Capital	2.7B	2.5B	2.7B	2.3B	2.6B	2.2B
Net Working Capital	751.7M	(120.7M)	249.7M	(396.3M)	(356.6M)	(338.8M)
Capital Stock	207.1M	341.7M	445.1M	488.4M	561.7M	380.4M
Property Plant And Equipment Net	1.5B	2.0B	1.9B	1.7B	2.0B	1.8B
Good Will	67.7M	123.5M	313.2M	290.3M	333.8M	175.9M
Property Plant And Equipment Gross	2.0B	2.7B	1.9B	1.7B	2.0B	2.1B

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

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XiaMen Net Income vs Reconciled Depreciation Analysis

Net Income vs Reconciled Depreciation

Net Income vs Reconciled Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Reconciled Depreciation

XiaMen HongXin fundamental ratios Correlations

XiaMen HongXin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

XiaMen HongXin fundamental ratios Accounts

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Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Property Plant Equipment	+ 0.99	Non Current Assets Total
Short Long Term Debt	+ 0.99	Inventory

Short Long Term Debt	- 0.85	Retained Earnings
Inventory	- 0.84	Retained Earnings
Deferred Long Term Liab	- 0.77	Retained Earnings
Other Current Assets	- 0.72	Retained Earnings
Common Stock	- 0.71	Retained Earnings
Retained Earnings	- 0.68	Total Current Liabilities