| 300769 Stock | | | 31.71 1.85 5.51% |
Shenzhen Dynanonic financial indicator trend analysis is much more than just breaking down Shenzhen Dynanonic prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Dynanonic is a good investment. Please check the relationship between Shenzhen Dynanonic Free Cash Flow and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Dynanonic Co. 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.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Dynanonic Free Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Dynanonic's Free Cash Flow and Depreciation is 0.38. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Shenzhen Dynanonic Co, assuming nothing else is changed. The correlation between historical values of Shenzhen Dynanonic's Free Cash Flow 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 Free Cash Flow of Shenzhen Dynanonic Co 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 Free Cash Flow i.e., Shenzhen Dynanonic's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Depreciation
Depreciation indicates how much of Shenzhen Dynanonic value has been used up. For tax purposes Shenzhen Dynanonic can deduct the cost of the tangible assets it purchases as business expenses. However, Shenzhen Dynanonic Co 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 Dynanonic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Dynanonic 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 Dynanonic Co. 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 245.7
M, whereas
Tax Provision is projected to grow to (222.9
M).
Shenzhen Dynanonic fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Dynanonic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Dynanonic fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Dynanonic at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Dynanonic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Dynanonic 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.