Wankai Begin Period Cash Flow vs Capital Expenditures Analysis

301216 Stock   10.73  0.03  0.28%   
Wankai New financial indicator trend analysis is more than just analyzing Wankai New Materials current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wankai New Materials is a good investment. Please check the relationship between Wankai New Begin Period Cash Flow and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wankai New Materials. 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.

Begin Period Cash Flow vs Capital Expenditures

Begin Period Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wankai New Materials Begin Period Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wankai New's Begin Period Cash Flow and Capital Expenditures is 0.79. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Wankai New Materials, assuming nothing else is changed. The correlation between historical values of Wankai New's Begin Period Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Wankai New Materials are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Begin Period Cash Flow i.e., Wankai New's Begin Period Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Capital Expenditures

Capital Expenditures are funds used by Wankai New Materials to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Wankai New operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Wankai New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wankai New Materials 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 Wankai New Materials. 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.
The current year's Tax Provision is expected to grow to about 117.3 M, whereas Selling General Administrative is forecasted to decline to about 73.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense90.4M141.0M101.3M139.8M
Interest Income4.2M40.0M70.0M54.6M

Wankai New fundamental ratios Correlations

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0.13-0.460.130.030.930.02-0.38-0.460.370.50.240.330.80.37-0.160.270.120.10.00.330.3-0.18-0.040.320.32
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0.94-0.70.910.970.080.89-0.310.950.820.53-0.180.790.860.410.830.940.870.950.920.970.77-0.040.980.840.84
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Wankai New Account Relationship Matchups

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Other Information on Investing in Wankai Stock

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