Wankai Property Plant And Equipment Net vs Cash 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 Property Plant And Equipment Net and its Cash 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.

Property Plant And Equipment Net vs Cash

Property Plant And Equipment Net vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wankai New Materials Property Plant And Equipment Net account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wankai New's Property Plant And Equipment Net and Cash is 0.68. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash 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 Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Wankai New Materials are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., Wankai New's Property Plant And Equipment Net and Cash go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Cash

Cash refers to the most liquid asset of Wankai New Materials, which is listed under current asset account on Wankai New Materials balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Wankai New customers. The amounts must be unrestricted with restricted cash listed in a different Wankai New account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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

-0.810.990.990.390.94-0.320.820.960.70.130.890.950.660.970.90.981.00.970.990.89-0.10.940.970.970.97
-0.81-0.81-0.76-0.68-0.590.78-0.49-0.81-0.6-0.46-0.89-0.93-0.76-0.85-0.74-0.85-0.82-0.84-0.78-0.67-0.36-0.7-0.71-0.83-0.82
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0.39-0.680.420.270.23-0.48-0.180.550.520.930.570.540.840.570.180.530.380.410.280.430.190.080.190.550.53
0.94-0.590.920.950.230.00.810.920.670.020.740.820.570.910.810.910.930.880.930.91-0.340.890.950.910.92
-0.320.78-0.3-0.29-0.480.0-0.11-0.3-0.16-0.38-0.49-0.55-0.43-0.35-0.35-0.34-0.34-0.37-0.31-0.16-0.82-0.31-0.24-0.3-0.29
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0.96-0.810.920.930.550.92-0.30.630.810.370.820.950.841.00.750.960.950.890.90.97-0.050.820.910.980.99
0.7-0.60.650.670.520.67-0.160.340.810.50.530.730.820.780.410.720.670.590.610.85-0.030.530.660.810.82
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
0.89-0.890.940.840.570.74-0.490.680.820.530.240.890.60.870.910.940.910.960.90.66-0.060.790.790.890.88
0.95-0.930.920.930.540.82-0.550.670.950.730.330.890.790.970.820.950.950.920.920.880.180.860.90.950.95
0.66-0.760.620.60.840.57-0.430.120.840.820.80.60.790.820.330.730.640.580.540.820.230.410.550.780.78
0.97-0.850.950.940.570.91-0.350.651.00.780.370.870.970.820.790.980.960.920.920.94-0.040.830.910.990.99
0.9-0.740.930.910.180.81-0.350.920.750.41-0.160.910.820.330.790.880.920.960.960.62-0.140.940.890.820.81
0.98-0.850.990.950.530.91-0.340.730.960.720.270.940.950.730.980.880.980.980.960.88-0.120.870.920.990.99
1.0-0.820.990.990.380.93-0.340.830.950.670.120.910.950.640.960.920.980.980.990.87-0.080.950.970.970.97
0.97-0.840.990.950.410.88-0.370.830.890.590.10.960.920.580.920.960.980.980.980.78-0.120.920.920.940.94
0.99-0.780.980.990.280.93-0.310.890.90.610.00.90.920.540.920.960.960.990.980.82-0.120.970.980.930.93
0.89-0.670.830.890.430.91-0.160.590.970.850.330.660.880.820.940.620.880.870.780.82-0.080.770.880.920.93
-0.1-0.36-0.18-0.090.19-0.34-0.82-0.23-0.05-0.030.3-0.060.180.23-0.04-0.14-0.12-0.08-0.12-0.12-0.08-0.04-0.1-0.12-0.12
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
0.97-0.710.941.00.190.95-0.240.890.910.66-0.040.790.90.550.910.890.920.970.920.980.88-0.10.980.910.92
0.97-0.830.970.940.550.91-0.30.680.980.810.320.890.950.780.990.820.990.970.940.930.92-0.120.840.911.0
0.97-0.820.960.940.530.92-0.290.690.990.820.320.880.950.780.990.810.990.970.940.930.93-0.120.840.921.0
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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.