Kangxin Change To Inventory vs Free Cash Flow Analysis

600076 Stock

2.69 0.04 1.47%

Kangxin New financial indicator trend analysis is infinitely more than just investigating Kangxin New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kangxin New Materials is a good investment. Please check the relationship between Kangxin New Change To Inventory and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangxin 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 nation.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kangxin New Materials Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Kangxin New's Change To Inventory and Free Cash Flow is 0.59. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Kangxin New Materials, assuming nothing else is changed. The correlation between historical values of Kangxin New's Change To Inventory and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Kangxin New Materials are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Kangxin New's Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Kangxin New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kangxin 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 Kangxin 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 nation.

The current year's Tax Provision is expected to grow to about 10.7 M, whereas Selling General Administrative is forecasted to decline to about 21.7 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	128.9M	78.8M	374.2M	392.9M
Cost Of Revenue	1.1B	397.9M	301.0M	373.4M

Total Operating Expenses Cost Of Revenue

Kangxin New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Non Currrent Assets Other	Other Assets
Total Assets		0.94	0.5	0.89	0.99	0.88	0.52	0.87	0.96	0.35	0.55	0.99	0.58	0.46	0.86	0.96	-0.03	0.72	0.97	0.99	0.84	0.97	0.93	0.89	0.47	0.06
Short Long Term Debt Total	0.94		0.44	0.91	0.89	0.75	0.51	0.94	0.88	0.26	0.59	0.9	0.62	0.37	0.76	0.92	0.01	0.65	0.98	0.95	0.91	0.93	0.82	0.9	0.43	0.07
Other Current Liab	0.5	0.44		0.36	0.48	0.18	-0.1	0.35	0.34	-0.43	0.15	0.39	0.22	-0.45	0.52	0.68	-0.13	0.78	0.49	0.57	0.31	0.52	0.55	0.56	0.28	-0.56
Total Current Liabilities	0.89	0.91	0.36		0.85	0.74	0.52	0.94	0.87	0.47	0.55	0.88	0.59	0.52	0.87	0.83	0.04	0.48	0.92	0.89	0.9	0.89	0.69	0.71	0.46	0.1
Total Stockholder Equity	0.99	0.89	0.48	0.85		0.92	0.53	0.81	0.97	0.35	0.55	0.99	0.57	0.49	0.87	0.93	-0.01	0.71	0.93	0.97	0.77	0.93	0.95	0.85	0.51	0.1
Property Plant And Equipment Net	0.88	0.75	0.18	0.74	0.92		0.59	0.68	0.94	0.51	0.6	0.93	0.57	0.7	0.77	0.72	0.07	0.46	0.77	0.81	0.65	0.76	0.85	0.67	0.51	0.39
Current Deferred Revenue	0.52	0.51	-0.1	0.52	0.53	0.59		0.51	0.61	0.32	0.4	0.56	0.4	0.54	0.46	0.38	0.25	0.1	0.47	0.47	0.25	0.46	0.41	0.33	0.53	0.17
Net Debt	0.87	0.94	0.35	0.94	0.81	0.68	0.51		0.84	0.35	0.41	0.85	0.44	0.43	0.75	0.84	0.06	0.48	0.93	0.87	0.92	0.91	0.67	0.74	0.32	0.09
Retained Earnings	0.96	0.88	0.34	0.87	0.97	0.94	0.61	0.84		0.48	0.53	0.98	0.54	0.62	0.84	0.86	0.16	0.53	0.91	0.92	0.78	0.9	0.86	0.78	0.48	0.18
Accounts Payable	0.35	0.26	-0.43	0.47	0.35	0.51	0.32	0.35	0.48		0.22	0.44	0.17	0.92	0.28	0.15	0.02	-0.18	0.34	0.27	0.43	0.34	0.17	0.11	0.01	0.44
Cash	0.55	0.59	0.15	0.55	0.55	0.6	0.4	0.41	0.53	0.22		0.53	0.98	0.34	0.44	0.41	0.01	0.31	0.54	0.56	0.48	0.39	0.52	0.49	0.71	0.29
Non Current Assets Total	0.99	0.9	0.39	0.88	0.99	0.93	0.56	0.85	0.98	0.44	0.53		0.54	0.57	0.85	0.9	0.01	0.64	0.93	0.95	0.81	0.94	0.92	0.83	0.46	0.16
Cash And Short Term Investments	0.58	0.62	0.22	0.59	0.57	0.57	0.4	0.44	0.54	0.17	0.98	0.54		0.28	0.51	0.46	0.01	0.38	0.57	0.6	0.51	0.43	0.55	0.51	0.75	0.19
Net Receivables	0.46	0.37	-0.45	0.52	0.49	0.7	0.54	0.43	0.62	0.92	0.34	0.57	0.28		0.37	0.21	0.12	-0.14	0.4	0.36	0.44	0.4	0.31	0.19	0.22	0.55
Common Stock Shares Outstanding	0.86	0.76	0.52	0.87	0.87	0.77	0.46	0.75	0.84	0.28	0.44	0.85	0.51	0.37		0.81	0.06	0.61	0.8	0.84	0.68	0.82	0.78	0.63	0.54	-0.01
Inventory	0.96	0.92	0.68	0.83	0.93	0.72	0.38	0.84	0.86	0.15	0.41	0.9	0.46	0.21	0.81		-0.1	0.84	0.96	0.98	0.81	0.97	0.91	0.93	0.36	-0.13
Other Current Assets	-0.03	0.01	-0.13	0.04	-0.01	0.07	0.25	0.06	0.16	0.02	0.01	0.01	0.01	0.12	0.06	-0.1		-0.45	-0.03	-0.05	-0.04	-0.12	-0.18	-0.12	0.13	0.06
Other Stockholder Equity	0.72	0.65	0.78	0.48	0.71	0.46	0.1	0.48	0.53	-0.18	0.31	0.64	0.38	-0.14	0.61	0.84	-0.45		0.69	0.77	0.51	0.73	0.85	0.8	0.32	-0.31
Total Liab	0.97	0.98	0.49	0.92	0.93	0.77	0.47	0.93	0.91	0.34	0.54	0.93	0.57	0.4	0.8	0.96	-0.03	0.69		0.98	0.91	0.97	0.85	0.91	0.39	0.01
Total Current Assets	0.99	0.95	0.57	0.89	0.97	0.81	0.47	0.87	0.92	0.27	0.56	0.95	0.6	0.36	0.84	0.98	-0.05	0.77	0.98		0.85	0.97	0.92	0.92	0.47	-0.02
Short Term Debt	0.84	0.91	0.31	0.9	0.77	0.65	0.25	0.92	0.78	0.43	0.48	0.81	0.51	0.44	0.68	0.81	-0.04	0.51	0.91	0.85		0.86	0.66	0.76	0.27	0.15
Intangible Assets	0.97	0.93	0.52	0.89	0.93	0.76	0.46	0.91	0.9	0.34	0.39	0.94	0.43	0.4	0.82	0.97	-0.12	0.73	0.97	0.97	0.86		0.86	0.88	0.35	-0.07
Common Stock	0.93	0.82	0.55	0.69	0.95	0.85	0.41	0.67	0.86	0.17	0.52	0.92	0.55	0.31	0.78	0.91	-0.18	0.85	0.85	0.92	0.66	0.86		0.88	0.46	0.05
Non Current Liabilities Total	0.89	0.9	0.56	0.71	0.85	0.67	0.33	0.74	0.78	0.11	0.49	0.83	0.51	0.19	0.63	0.93	-0.12	0.8	0.91	0.92	0.76	0.88	0.88		0.25	-0.07
Non Currrent Assets Other	0.47	0.43	0.28	0.46	0.51	0.51	0.53	0.32	0.48	0.01	0.71	0.46	0.75	0.22	0.54	0.36	0.13	0.32	0.39	0.47	0.27	0.35	0.46	0.25		0.04
Other Assets	0.06	0.07	-0.56	0.1	0.1	0.39	0.17	0.09	0.18	0.44	0.29	0.16	0.19	0.55	-0.01	-0.13	0.06	-0.31	0.01	-0.02	0.15	-0.07	0.05	-0.07	0.04

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Kangxin New Account Relationship Matchups

Kangxin New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	7.1B	8.0B	7.1B	7.0B	7.3B
Short Long Term Debt Total	1.3B	2.5B	2.2B	1.4B	1.7B	1.7B
Other Current Liab	2.6M	613.8K	507.2M	893.6M	505.7M	530.9M
Total Current Liabilities	1.9B	2.4B	2.5B	1.9B	1.6B	848.5M
Total Stockholder Equity	4.1B	4.0B	4.8B	4.6B	4.3B	4.6B
Property Plant And Equipment Net	1.2B	1.1B	1.1B	1.0B	945.9M	993.2M
Current Deferred Revenue	242.9M	267.1M	230.4M	4.0M	4.6M	4.3M
Net Debt	1.0B	2.2B	1.5B	1.2B	872.5M	916.2M
Retained Earnings	2.5B	2.3B	2.3B	2.1B	1.8B	1.9B
Accounts Payable	453.5M	214.2M	135.6M	36.8M	42.1M	40.0M
Cash	269.6M	320.1M	699.6M	237.7M	178.0M	196.0M
Non Current Assets Total	3.0B	3.1B	3.1B	3.0B	2.8B	3.0B
Cash And Short Term Investments	269.6M	320.1M	900.1M	237.7M	273.4M	203.7M
Net Receivables	637.6M	392.3M	193.6M	44.3M	85.7M	81.4M
Common Stock Shares Outstanding	1.0B	1.0B	1.5B	1.4B	1.3B	710.8M
Liabilities And Stockholders Equity	6.6B	7.1B	8.0B	7.1B	8.2B	8.6B
Inventory	2.7B	3.3B	3.8B	3.8B	3.9B	4.0B
Other Current Assets	36.0M	39.1M	43.8M	16.0M	15.7M	16.5M
Other Stockholder Equity	617.4M	617.2M	617.2M	1.2B	1.3B	1.4B
Total Liab	2.4B	3.1B	3.1B	2.5B	2.6B	2.7B
Total Current Assets	3.6B	4.0B	4.9B	4.1B	4.2B	4.4B
Short Term Debt	1.2B	1.9B	1.6B	919.5M	1.1B	1.1B
Intangible Assets	1.5B	1.7B	1.7B	1.6B	1.6B	1.6B
Non Current Liabilities Total	550.3M	729.5M	632.3M	596.7M	947.2M	994.5M
Non Currrent Assets Other	42.9M	32.2K	353.3M	108.7M	21.6M	20.5M
Other Assets	117.1M	1.0	92.2M	143.7M	1.15	1.09
Long Term Debt	493.7M	542.1M	570M	520M	745M	782.3M
Property Plant Equipment	1.2B	1.1B	1.1B	1.1B	1.2B	1.3B
Other Liab	450.6M	187.5M	51.4M	70.8M	81.4M	71.7M
Short Term Investments	(106.6M)	(141.3M)	200.5M	(27.5M)	(31.7M)	(33.2M)
Net Tangible Assets	2.4B	2.1B	3.0B	2.9B	3.3B	2.7B
Deferred Long Term Liab	44.8M	69.1M	82.3M	53.0M	60.9M	60.2M
Short Long Term Debt	849.4M	1.7B	1.6B	861.7M	305.6M	290.3M
Non Current Liabilities Other	602.6K	99.6M	99.7M	134.0M	154.2M	80.3M
Net Invested Capital	5.1B	6.2B	7.0B	6.0B	5.4B	6.1B
Net Working Capital	1.7B	1.6B	2.4B	2.3B	2.6B	2.1B

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

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Kangxin Change To Inventory vs Free Cash Flow Analysis

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Inventory

Free Cash Flow

Kangxin New fundamental ratios Correlations

Kangxin New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kangxin New fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Kangxin Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Retained Earnings

Other Assets	- 0.56	Other Current Liab
Other Stockholder Equity	- 0.45	Other Current Assets
Net Receivables	- 0.45	Other Current Liab
Accounts Payable	- 0.43	Other Current Liab
Other Assets	- 0.31	Other Stockholder Equity
Common Stock	- 0.18	Other Current Assets