Shenzhen Capital Stock vs Net Working Capital Analysis

300917 Stock   52.30  0.78  1.51%   
Shenzhen SDG financial indicator trend analysis is much more than just breaking down Shenzhen SDG Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen SDG Service is a good investment. Please check the relationship between Shenzhen SDG Capital Stock and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen SDG Service. 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.

Capital Stock vs Net Working Capital

Capital Stock vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen SDG Service Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shenzhen SDG's Capital Stock and Net Working Capital is 0.94. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Shenzhen SDG Service, assuming nothing else is changed. The correlation between historical values of Shenzhen SDG's Capital Stock and Net 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 Capital Stock of Shenzhen SDG Service are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Shenzhen SDG's Capital Stock and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Net Working Capital

Most indicators from Shenzhen SDG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen SDG Service 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 SDG Service. 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.
As of December 25, 2024, Tax Provision is expected to decline to about 39.4 M. In addition to that, Selling General Administrative is expected to decline to about 32.7 M
 2021 2022 2023 2024 (projected)
Gross Profit283.3M274.5M298.3M275.5M
Total Revenue1.7B2.0B2.4B1.8B

Shenzhen SDG fundamental ratios Correlations

-0.940.980.990.990.960.890.89-0.570.970.980.990.980.790.980.991.00.97-0.530.990.90.830.850.77-0.79-0.57
-0.94-0.85-0.97-0.88-0.81-0.9-0.750.47-0.88-0.96-0.97-0.88-0.63-0.86-0.97-0.94-0.840.23-0.97-0.76-0.64-0.69-0.580.60.47
0.98-0.850.950.991.00.810.91-0.580.980.940.940.990.821.00.950.971.0-0.670.950.920.880.90.82-0.83-0.58
0.99-0.970.950.960.920.910.84-0.540.960.990.990.960.740.951.00.990.94-0.431.00.860.760.80.7-0.74-0.54
0.99-0.880.990.960.990.870.93-0.590.970.960.960.990.831.00.960.991.0-0.640.960.930.880.90.83-0.84-0.59
0.96-0.811.00.920.990.780.93-0.580.960.910.920.980.840.990.920.950.99-0.710.920.920.910.920.86-0.84-0.58
0.89-0.90.810.910.870.780.82-0.540.80.930.920.820.710.820.910.890.84-0.350.910.790.730.720.7-0.73-0.54
0.89-0.750.910.840.930.930.82-0.680.820.90.890.870.90.920.840.880.93-0.730.850.910.990.980.97-0.89-0.68
-0.570.47-0.58-0.54-0.59-0.58-0.54-0.68-0.53-0.61-0.57-0.61-0.92-0.58-0.54-0.56-0.570.71-0.54-0.84-0.69-0.75-0.680.891.0
0.97-0.880.980.960.970.960.80.82-0.530.920.930.990.750.980.960.980.97-0.560.960.890.760.80.69-0.76-0.53
0.98-0.960.940.990.960.910.930.9-0.610.921.00.940.80.940.990.980.93-0.470.990.890.820.850.77-0.79-0.61
0.99-0.970.940.990.960.920.920.89-0.570.931.00.940.770.940.990.980.93-0.440.990.870.810.850.77-0.75-0.57
0.98-0.880.990.960.990.980.820.87-0.610.990.940.940.820.990.960.980.98-0.630.960.930.830.860.76-0.83-0.61
0.79-0.630.820.740.830.840.710.9-0.920.750.80.770.820.820.740.770.83-0.840.740.970.910.930.88-0.99-0.92
0.98-0.861.00.951.00.990.820.92-0.580.980.940.940.990.820.950.981.0-0.660.950.920.880.90.82-0.83-0.58
0.99-0.970.951.00.960.920.910.84-0.540.960.990.990.960.740.950.990.94-0.431.00.860.760.80.7-0.74-0.54
1.0-0.940.970.990.990.950.890.88-0.560.980.980.980.980.770.980.990.97-0.510.990.890.810.840.75-0.78-0.56
0.97-0.841.00.941.00.990.840.93-0.570.970.930.930.980.831.00.940.97-0.680.940.920.890.90.84-0.85-0.57
-0.530.23-0.67-0.43-0.64-0.71-0.35-0.730.71-0.56-0.47-0.44-0.63-0.84-0.66-0.43-0.51-0.68-0.43-0.78-0.82-0.8-0.810.860.71
0.99-0.970.951.00.960.920.910.85-0.540.960.990.990.960.740.951.00.990.94-0.430.860.760.80.7-0.74-0.54
0.9-0.760.920.860.930.920.790.91-0.840.890.890.870.930.970.920.860.890.92-0.780.860.890.930.85-0.97-0.84
0.83-0.640.880.760.880.910.730.99-0.690.760.820.810.830.910.880.760.810.89-0.820.760.890.990.99-0.9-0.69
0.85-0.690.90.80.90.920.720.98-0.750.80.850.850.860.930.90.80.840.9-0.80.80.930.990.97-0.9-0.75
0.77-0.580.820.70.830.860.70.97-0.680.690.770.770.760.880.820.70.750.84-0.810.70.850.990.97-0.88-0.68
-0.790.6-0.83-0.74-0.84-0.84-0.73-0.890.89-0.76-0.79-0.75-0.83-0.99-0.83-0.74-0.78-0.850.86-0.74-0.97-0.9-0.9-0.880.89
-0.570.47-0.58-0.54-0.59-0.58-0.54-0.681.0-0.53-0.61-0.57-0.61-0.92-0.58-0.54-0.56-0.570.71-0.54-0.84-0.69-0.75-0.680.89
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Shenzhen SDG Account Relationship Matchups

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Other Information on Investing in Shenzhen Stock

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